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What is Game Theory, and How Does it Apply to Bitcoin?

Over the years, you may have heard of something called game theory, especially when it comes to discussing the relationships between some of the most powerful countries in the world. And game theory can actually be a very useful way to predict the future actions of other countries, especially when it comes to something like cryptocurrency. Game theory is the study or theory that involves the science of strategy and human decision making. It is an important tool that helps dictate what an individual will decide to do and is backed by mathematical functions.

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