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Author Topic: Is spending bitcoins an example of a prisoner's dilemma?  (Read 3416 times)
Elokane
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August 20, 2015, 04:27:55 PM
 #21

This hero member was a student at the time and couldn't really afford to buy many even at that low, low price. Smiley

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There are several different types of Bitcoin clients. Hybrid server-assisted clients like Electrum get a lot of their network information from centralized servers, but they also check the server's results using blockchain header data. This is perhaps somewhat more secure than either server-assisted clients or header-only clients.
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August 20, 2015, 06:46:57 PM
 #22

If you just focus on the largest wallets then yes I see a bit of a prisoner's dilemma. But there would have to be some stressor - like the value of BTC starts dropping as doom & gloom news starts to mount.

Then the large wallets play the game: they can all hold and help the price stabilize. Or one of them can coward-out and dump their BTC in the hope of getting all they can, further suppressing the price.
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August 20, 2015, 06:57:40 PM
 #23

Here and become millionaires Smiley
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August 20, 2015, 07:16:44 PM
 #24

I agree if we want to attract businessmen to use bitcoin should have to purchase power on the increase again, with the pile up in fact we are slowly killing the value of bitcoin
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