Misusing "Game Theory"

[BitcoinErrorLog]

The term "game theory" is often used, both in BCAP and the broader discourse, but never with formal proofs, models, or game theoretical concepts. Instead, the term seems to be used as a prop and scientific justification for biased speculation on incentives and strategy.

The lack of formal game-theoretical models in both BCAP and general Bitcoin discussions leaves many assertions about resilience and strategic behavior as qualitative guesses at best, rather than quantitatively proven, and wild, deceptive, or naive claims at worst.

These claims need rigorous modeling to move beyond hand-wavy speculative statements about possible human behaviors and market dynamics.