Meditations on a Formal Model for The Problem and Solution to our Global Economy

Re-Visiting Szabo on Metcalfe’s Law

This observation reminds me of Nick Szabo’s insight in the essay Transportation, divergence, and the industrial revolution. Szabo shows,in an equally distributed economic network, a reduction in “transportation costs has a dramatic effect on the efficiency gained from the reduction:

On The Value of a Single Apolitical Monetary Standard

The central bank paper cited earlier does see that there would be significant value to having the world function on a Bitcoin standard:

Diverging Opinions On Game Theory and Political Implications

Here is where the paper differs from Nash’s opinion however:

On the Significance and Pursuit of a Stable Money

This paragraph, in which the author introduces the possibility of a euro type currency backed by a basket of commodities, is very telling of their understanding of money in my opinion:

On Applying Game Theory

When John Nash proposed his Nash Equilibrium theory he suggested poker would be an obvious target for its use. Years later most pro’s have learned of the existence of Nash Equilibriums. Especially with tournament players it is not uncommon to frequently use phrases such as “I would go with Nash here”.

Approaching Optimum From a Cosmological Perspective

It might seem like tangential leap to begin to consider to the relationship of the problem of our global economy to a cosmological consideration. But I think what is more likely is that our limited understanding of our economy limits our understanding of the nature of “currency” and its relation to the cosmos.

Re-visiting the Political Divisions of Red Versus Blue

On The Heliocentric Perspective

On Stable Crypto-Currencies

Not long ago I was passed a working paper on a “stable-coin” algorithm. Since it is computer scientists that now have control over the evolution of our money there is some observable misconception in regard to what we are searching for and what the remaining problems are that are useful to be solved. Satoshi couldn’t have created Bitcoin to be stable in purchasing power. That was one of the problems that couldn’t be solved. What Satoshi necessarily realized is that you can’t create an elastically supplied money such that it creates a stable purchasing power simply because there is no such measurement for stable purchasing power to base algorithmic adjustments on.

On the Comparability of a Bitcoin Standard and Bitcoin as an Inflation Target

I’ve suggested to many economic professors, academics, and central bank researchers that the exchange price for Bitcoin provides the perfect basis for John Nash’s argument. Nash argues the world would be on an ideal standard if all the major currencies were in perfect stability with an apolitical price. His example was a basket of world currencies he calls an ICPI (Industrial Consumption Price Index) but he noted that doesn’t remove the political problem since some external entity would need to readjust the basket over time as different commodities become (perhaps wildly) more or less relevant.

On Rationalization

I previously stated or implied in a debate that Nash suggested there would be a period of “rationalization” where central bankers and related authorities begin to understand the insight expressed in Ideal Money. That they will become more rational en masse as the problem and solution of our global economy become clearer.

“In Transition to Optimal Standards”

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