Anonymous bitcoin: Game Theory applied smoothly
“Life is not a game. Still, in this life, we choose the games we live to play.”
― J.R. Rim
This is the Fifth article I write about Anonymous Bitcoin and, in that sense, I can give for known to the reader several details of the project. At the end of the text, I attach the reference to my previous articles about it.
These are hard times for those of us who follow/invest in the crypto world without a doubt. The "SuperDollar Effect" is very strong, which implies a considerable appreciation of this currency, but due to wrong structural reasons. This manifests itself in a current risk aversion, and smart strategies are needed to motivate the investor.
From the beginning, ANON has set out to do things in the best possible way. trying to establish a standard of the correct way to make a fork. Usually, the participants (Developers and the public in general) focus on the main event, and after this one, the interest and the impulse achieved by the promotion campaigns is often lost and this is also transferred to the work of the developers. In this sense, ANON, through the ¨ANON Treasury Fund¨, marked a beginning with a right foot. From an investment with the equivalent of 100,000 USD in ZCL valued on July 1st, not only they hired the Bushido lab for one year post-fork support, they also laid the groundwork for incentive campaigns to promote their business plan.
In a couple of statements, I've heard from Sam Abbassi (Dev Team Lead - Founder Bushido Lab) he has referred to the application of Game Theory in the development of Anon's public campaign.
Game theory is an area of applied mathematics that uses models to study interactions in formalized incentive structures (so-called "games"). It has become an extremely important tool for economic theory and has contributed to a better understanding of human behaviour in the face of decision making. Its researchers study the optimal strategies as well as the predicted and observed behaviour of individuals in games.
Some clear indications of the application of the Game Theory by Anon:
- POW and MN Block reward allocation: 65% POW and 35% MN. this guarantees a greater range of investors.
-It´s born from a reward and not from a purchase: According to the Whitepaper,The fork will provide a 2:1 ratio of Anonymous Bitcoin to all holders of ZClassic ("ZCL") and 1:1 to Bitcoin ("BTC") and is going to take place on September 10, 2018
-Another play well thought out by the team (Coin Burn): It´s planned to burn unclaimed coins after the fork on January 1, 2019, which would increase the price of the currency by reducing its supply.
-Still, no deadlines missed: They have taken this rule very seriously and to date have not failed to meet the goals set in the promised lapses. Conditions have rarely seen in projects and even more in this bear market.
In my opinion, these actions demonstrate that these guys know what they do and know how to adapt to the market's vicissitudes. We will most likely see the application of these principles increasingly in the crypto market.
The considerations derived from this publication are the result of my particular research and do not pretend to be a financial advisor. Please, do your own research and feel free to elaborate your own opinion about it.
Website: http://www.anonymousbitcoin.io/
White Paper: http://www.anonymousbitcoin.io/whitepaper
Twitter: https://twitter.com/ANON_WeAreANON
Bounty campaign: https://medium.com/swlh/anonymous-bitcoin-anon-official-bounty-campaign-7ea01c3bc4b
Linkedin: https://www.linkedin.com/company/anonymous-bitcoin/
Author's Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2173406