Monthly Archives: May 2015

Scam me, baby!

From the pages of the Nakamoto Institute, we can find some of the most accurate forecasts about the world wide adoption of Bitcoin, but these predictions are based on a not entirely true assumption. People do not tend to make rational decisions. The root of this phenomenon is well represented in the mathematical theory of games and how its predictions are disrupted by the action of non-rational players, who often choose to cooperate on a basis of politics or other false morals. The homo œconomicus does not seem to actually exist and so it happens that throughout history we’ve always witnessed a tug of war between leaders and the populace, just as we witness a tug of war between parents and children, ideas and reality… or the psychological cycles of idealization and discontent. Continue reading