The brutal game theory of money.

A first-principles walk through the game theory of monetary systems, setting up the lens that fiat money structures human action as a prisoner's dilemma at planetary scale. The episode names what does not change in the transition to Bitcoin – greed, status competition, self-interest – and what does: the payoff matrix facing every actor, from individuals to nation states. The register stays analytical and durable, building a frame for reading current events rather than predicting outcomes.

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This episode is 1 hour and 11 minutes long.

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This episode was published on June 23, 2026.

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