Confessions of the Maximalist View Adam Back, George Selgin, and Saifedean Ammous are all quoted as suggesting Nash’s proposal Ideal Money rests on using a basket of commodity prices as its basis. Here we will disambiguate the truth of this. Nash defines the ICPI in his Southern Economic Journal Article: A possible non-political basis for…

~The disambiguation of `Ideal Money` from `ideal money`~ — On the Relevance of John Nash’s Ideal Money and Bitcoin The significance of works Ideal Money is observed when fitting Bitcoin as a basis for the proposal described (whereas economic philosophers may have previously come to conclusions for or against Bitcoin but without considering it in this particular role). Although an inquiry into what is money and more specifically what…

~A Nashian Extension of Hal Finney’s theory of Bitcoin Backed Banks~ A Not So Secret History of Bitcoin We will explore the origins of a certain source of contention surrounding Bitcoin and how Bitcoin will unfold with respect to our global financial system. This contention refers to the introduction of a transactional throughput limitation that Satoshi committed…

A Theory of Bitcoin and Money Menger on the Origins of Money and the Relevant Definition of It In his time, Menger, inspired by newly emerging (but not yet matured) insights about the origin of man and the progress of knowledge (i.e. natural selection and the principle of falsifiability), attempted to lay out a theory of the origin of money. It must be immediately noted, and perhaps it…

Introduction In the early Bitcoin days the possibility of an exploit caused Satoshi to add a transactional throughput limitation to the system. The implications of these limitations are widely disagreed upon and range from the need to remove it to the need to innovate around it. In response to this…

On The Evolution Of Poker and a Psychological Theory of Cheaters I have never perfectly understood the concept referred to here but I’ll try to give my understanding of it. Timex (Mike McDonald) a(n ex?) pro poker player is pointing to a post by Sam Bankman-Fried. Sam is the center…