) yet powerful observation that the inability to do so can be relied on by the markets bitcoin is money game. Bitcoin Cash does not do this and does not offer such a medium towards a higher economic equilibrium. This attack can be neutralized by a Nash equilibrium amongst the mining pools. After this one would expect the next important stage is to raise the price of bitcoin to a level that no other entity or wealth in the world could manipulate thus bringing a Nash equilibrium to this aspect of the “game”. This increased pressure causes more people to want it and the feedback continues. From another perspective we can ask where the value from bitcoin cash is expected to come from. It allows a very large and complex array of competing players to come to consensus where there would otherwise be none.
It doesn’t allow any players from bitcoin’s network to unilaterally deviate and gain and therefore it relies on irrational players that ignore their own utility functions in order to succeed. This mental energy cost plus the fact that there is no intrinsic value to the proposal suggests that no one can possibly gain from selling bitcoin cash bitcoin is money game. As the mining pool parties limit towards a Nash equilibrium, which they will tend to based on the invisible hand, large fluctuations in price start to shows symptoms of the flawed exchange systems. There is also a friction associated with bitcoin cash that is heightened by the fact that only nefarious exchanges will support an irrational proposal. On Rational Agents and Markets Often people say the markets are not rational. It is brilliant because humans are far more expensive than computers and that gap widens further each year. Bitcoin Cash is Not Free Money People say at the very least you should hold your private keys so you can sell your bitcoin cash.
~Nick Szabo Money Blockchains and Social Scalability While others are still stuck trying to scale computationally, there is the incredibly simple (in hindsight. It creates a non zero sum game in which players gain together rather than one or some players gaining from exploiting another. But what is bitcoin cash worth and how much should one sell it for.ReddCoin.. The next stage then would be a Nash equilibrium between enough exchanges to create a stable decentralization. The granular nature of the transferable utility allows each player to immediately gain from the cooperative decision. .MaidSafeCoin.