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The "What is Money?" Show

WiM019 - The Booth Series | Episode 9 | Game Theory and Bitcoin

The "What is Money?" Show

Robert Breedlove

Money, History, Cryptocurrency, Finance, Investing, Breedlove, Bitcoin, Rabbit Hole, Robert Breedlove, What Is Money, Education

4.8724 Ratings

🗓️ 25 May 2021

⏱️ 71 minutes

🧾️ Download transcript

Summary

Jeff Booth joins me for a multi-episode conversation covering the concepts laid out in his book "The Price of Tomorrow: Why Deflation is Key to an Abundant Future"

Transcript

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0:00.0

Hey guys, this is Robert Reedlove from the What Is Money Show. And as you've learned by watching this show, Bitcoin is the single most important asset you can own in the 21st century. And one of the most important companies in Bitcoin today is Nidig.

0:23.9

Nidig's mission is to facilitate financial security for all. They accomplished this by bringing a

0:30.0

high level of professionalization and sophistication to the Bitcoin marketplace.

0:35.6

As a true game changer in the industry, NIDIG is safely unlocking

0:39.1

the power of Bitcoin for forward-thinking individuals and institutions alike. By using NIDIG,

0:44.8

you will gain access to an end-to-end institutional-grade platform, providing BitcoinOTC transactions,

0:51.7

Bitcoin collateralized borrowing, secure custody, asset management, derivatives,

0:56.2

financing, market research, and more.

0:59.6

And all of these services meet the highest regulatory governance and audit standards.

1:04.7

Led by Robbie Gutman, Yinzow, and Ross Stevens, Nidig has absolutely exploded onto the

1:10.0

Bitcoin scene recently and is leading

1:12.4

the way for ongoing institutional adoption in this nascent asset class.

1:17.3

So please be sure to check out NIDIG as a single source for all your Bitcoin needs.

1:23.6

So Jeff, your book goes into game theory, which is a very important part of understanding

1:31.3

Bitcoin.

1:33.0

It's a term thrown around a lot.

1:36.5

And I actually think that the term game theory is a bit under representative of what it

1:42.7

actually is.

1:43.6

I mean, theory sounds like, you know, something that would be possibly expected to happen.

1:52.0

But we observe game theory in nature.

1:55.0

You know, as animals compete in an environment, they tend to exhibit very specific behaviors based on certain

2:02.9

game theoretic parameters. So it's a bit stronger than theory, I think in many respects,

...

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