# Axiomatic Propriety

Considering a future where somehow the economic incentives associated with bitcoin provide agreeably socially incorruptible/indestructible security.

Then we would have achieved something cosmologically strange. We would have designed and implemented a technology that governs us on the “Great Guardian” level and is not only out of our own control but our ability to veto its influence:

We would have removed our own ability to self-pardon our global economy.

Then there could be other such technologies to be implemented and unleashed.

Thinking about the possible relationship between bitcoin and John Nash’s Ideal Money (which is really described above) Nash said this about the implementation of his idea:

“The ultimately launched concept of “Ideal Money” became possible when I conceived of a practical basis for a standardization of the comparison of the value of the currency with an appropriate standard or ideal. And the key to that was the idea of an ICPI or (international) “Industrial Consumption Price Index”.

The pursuit of such a standard or Ideal was derived by Nash from an axiom which he illuminates (some would also call this derivation):

I think there is a good analogy to mathematical theories like, for example, “class field theory”. In mathematics a set of axioms can be taken as a foundation and then an area for theoretical study is brought into being. For example, if one set of axioms is specified and accepted we have the theory of rings while if another set of axioms is the foundation we have the theory of Moufang loops.

So, from a critical point of view, the theory of macro-economics of the Keynesians is like the theory of plane geometry without the axiom of Euclid that was classically called the “parallel postulate”. (It is an interesting fact in the history of science that there was a time, before the nineteenth century, when mathematicians were speculating that this axiom or postulate was not necessary, that it should be derivable from the others.)

So I feel that the macroeconomics of the Keynesians is comparable to a scientific study of a mathematical area which is carried out with an insufficient set of axioms. And the result is analogous to the situation in plane geometry, the plane does not need to be really flat and the area within a circle can expand hyperbolically as a function of the radius rather than merely with the square of the radius. (This picture suggests the pattern of inflation that can result in a country, over extended time periods, when there is continually a certain amount of gradual inflation.)

The missing axiom is simply an accepted axiom that the money being put into circulation by the central authorities should be so handled as to maintain, over long terms of time, a stable value.

In regard to the Great Guardian there is the illumination of a loose axiom that in our current paradigm/state we are incapable of cooperatively overturning an existing constitutional framework.