Nash’s later writings (“Ideal Money”), Nash proposed the idea of:

“A non-political money, invariant in its measure of value, resistant to manipulation.”

A prophecy of Bitcoin?

He believed that economic cooperation required a stable invariant standard of value, not subject to political inflation or arbitrary scaling, exactly the invariance Bitcoin enforces through:

•Fixed supply (21M BTC cap),

•Algorithmic issuance,

•Open consensus validation.

Bitcoin, in that sense, realizes Nash’s invariant cooperative ideal in digital form, a “Nash Equilibrium for Money.”

Reply to this note

Please Login to reply.

Discussion

No replies yet.