Opinion
[1]Thinking about the potential Bitcoin-oriented geopolitical moves to be made only shows the unlimited possibilities of Bitcoin’s game theory.
Thinking about the potential Bitcoin-oriented geopolitical moves to be made only shows the unlimited possibilities of Bitcoin’s game theory.
Read "A Look At The Game Theory Of Bitcoin," the first part of this series, here.[2]
In this article I will suggest potential routes for Bitcoin’s game theory to play out. So, what is game theory? In layman's terms, if you are playing any game of strategy, whether it be chess, basketball, football, Battleship, Monopoly or checkers, any move you make in the game will have to be countered by your opponent. The strategic decisions that you and your opponent make will ultimately determine who wins and who loses the game. This is game theory in its most simplistic form.
Undoubtedly, the countries with the highest inflation rates[3] will adopt bitcoin first and will be the greatest beneficiaries. Countries like the U.S. may take a longer time, as they will still be hyperinflating their currencies with their powerful seigniorage they hold. When these superpowers do eventually adopt bitcoin, all the countries who adopted it first will get an economic boost [4]and be lifted to a more even playing field with the most powerful countries. This is how powerful Bitcoin can be for a country who willingly accepts it.
Small countries in Latin America, Africa and many other regions of the world whose money is collapsing will be anxiously and excitedly watching progress of bitcoin. They stand to benefit the most from it.
All small countries will most likely continue to be bullied[5] and belittled by the International Monetary Fund, central banks, G7 countries and other central authorities to not
