Another Strong Nash-Nakamoto connection: Gold mining a is waste but foundational for the stability of long-term contracts.

“Gold mining is a waste, but that waste is far less than the value of having gold available as a medium of exchange.”

Satoshi’s post on gold and scarcity (August 2010, BitcoinTalk)

Implication: If Bitcoin behaves like gold, it could serve as a reliable medium for long-term agreements.

“My point is simply that good reliability of the estimates of the future value of a currency, a ‘medium of exchange’, is favorable for the formation of contracts of a business-related variety.”

John Nash discussed this concept during his lecture titled “Ideal Money and the Motivation of Savings and Thrift” at the 4th Lindau Meeting on Economic Sciences in 2011.

"To have the better sort of a money in use (combined also, perhaps, with a good culture of procedures of law and justice...) will naturally tend to favor economic progress and, in the long run, higher living standards for the human population."

John Nash’s presentation titled “Ideal Money and Asymptotically Ideal Money.” This presentation was part of the Campus for Finance conference held in 2010

“Reestablishing a gold standard is not feasible, said Nash. The reasons for this revolve around the negative psychology around the mining of gold, despite advancements with cyanide mining techniques. Another factor is the psychology that hoarding gold in one location – Fort Knox – is a waste of labor.”

John Nash, “Nobel Laureate economist Nash addresses full house”, By Scott Eldridge II, Collegian Staff, October 25, 2002, https://dailycollegian.com/2002/10/nobel-laureate-economist-nash-addresses-full-house/