Monday, 30 August 2021

Could someone help me understand how Game Theory is implemented on Bitcoin?

I've read a lot about it but don't seem to be able to wrap my head around it. Does bitcoin apply competitive or cooperative game theory? Is it about how fair the network divides block subsidies to miners or about miners incentivized to remain honest? and where does the Byzantine General's problem fit in all this?

submitted by /u/Leader92
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