Oddbean

It’s fascinating watching prisoners dilemma play out on a grand scale with most of those “playing the game” completely unaware that even if they “win” …..they lose. While others play a new game where they, and all of society wins. The path to a new Nash equilibrium based on cooperation is going to be both chaotic and interesting. #Bitcoin #Nostr #Fedimint

Can you expand on this? I am familiar with the prisoner's dilemma. Are you saying that the "fiat game" is a prisoner's dilemma (with mutual defection as Nash equilibrium), whereas the "bitcoin game" has a Nash equilibrium for mutual cooperation? I'm fascinated by this, would love to know how you come up with the reward functions.

Bitcoin is the solution to generational poverty in the south of the DRC. Kolwesii coltan mining children are the prof of work behind Moores law, And EV production. There is no bitcoin without these children. Do your best to introduce them to bitcoin, Or may your grandchildren suffer their fate. https://image.nostr.build/440cf2a2b713a66b2a2615d7240f268227d7fbf6eb663d980b8d0bec06edcbfd.jpg

I have seen your posts and you’re not to dumb to grasp this. In fact, I believe you do at the soul level. Today’s game theory is built on an extractive process where one wins by others losses and a Nash equilibrium exists around control - of resources, labour, capital - enforced by war or who has the greatest weapons. A standoff between no one pressing the Nuclear button for fears others will, with proxy wars and a chase for ever higher weapons that could re-win that game. Bitcoin changes that system utterly and completely over time with a new Nash equilibrium moving to an honest ledger and cooperation. The output of that honest ledger leading to abundance. We’re just very early and the transition and incentives of the system that is being replaced is fighting the transition with everything they have - mostly because they don’t have a framework for how the new model is so much superior - for them, their families and the world.

part of it is that we are like a disorganised militia that cooperates as a swarm but lacking a chain of command or hierarchy there is no head to cut off so we are not the kind of opponent that the establishment with their control and violence based systems and institutions can ultimately prevail against they will go after the biggest and most successful units of our scattered horde but they can't stop enough of us without first somehow fooling us into believing that their small wins are of consequence

Regarding moving on to a "new Nash equilibtium," I think the challenge will be getting people to: . Move away from "I'll do solely what's best for me alone" . To "I'll do what's best for me and others because ultimately that's what's best for me. " The obstacles are 1. the first option gives the largest and IMMEDIATE "payout"; 2. the benefit to others is hard to see; 3. the benefit to me of benefiting others is hard to see and DELAYED usually; 4. people can be powerful dumb. But, maybe there's a chance. 😀

https://twitter.com/SebGouspillou This is the guy to talk with about Kolwesii. He has Congolese workers who can help the locals negotiate with the Chinese. This will include the Kolwesii government officials.

Win/win is in some sense the highest game that can be played. Bitcoin is the deepest money available enabling humanity to create the maximum number of win/win interactions at the fastest speed. As Michael Saylor says, Bitcoin is for everyone. Bitcoin converts enemies into allays. Bitcoin is the ultimate monetary incentive to create a peaceful, complete world. nostr:note13rfh2ylrwk2qmx9gqwk7677j8cq2hf79rd7mcmyf5xwwm03k202sy04gkr