A debt-based monetary system incentivize debt.
A commodity-based monetary system incentivizes abundance.
I would like to represent PLM Earth. A global product lifecycle management method.
John Nash’s groundbreaking, dissertation “NON-COOPERATVE GAMES” laid the foundation for what would later be known as the Nash Equilibrium, a cornerstone of modern game theory. This work earned Nash the Nobel Prize in Economic Sciences and provided a mathematical explanation for Adam Smith’s concept of the “invisible hand.”
Nash’s seminal paper, Non-Cooperative Games, became increasingly influential—even during his 25-year struggle with paranoid schizophrenia. Remarkably, Nash recovered in 1983 and went on to contribute after his recovery. In 2002, he published Ideal Money, that assumed political cooperation, but lectured on a decentralized money concept he titled Asymptotically Ideal Money.
Tragically, John Nash and his wife died in a taxi accident while returning home, after receiving the 2015 Abel Prize, awarded by the Norwegian Academy of Science and Letters. Coincidentally, Satoshi Nakamoto, the pseudonymous creator of Bitcoin, made his last public post in 2014. You’ll find another smoking gun in Nash’s NON-COOPERATIVE GAMES. Note the phrase, “a simplified three person poker game.”
And in Nakamoto’s 2009 Bitcoin code, he remarked:
// We need to write a new protocol for clients to notify about
// transactions that won't fit in a block. This is useful for
// things like poker where one party might want proof that
// a transaction was sent before proceeding with the game.
Read Nash’s 1951 NON-COOPERATVE GAMES.
You’re looking good. Perfect bitcoin representative.
The Bitcoin white paper outlines two innovations:
1.(Digital) Peer-to-Peer Decentralized Transaction.
2.Decentralized Governance (Trustless System): Later, it discusses decentralized governance through the network’s consensus mechanism.
1974: Cerf and Kahn Describe an Internet Protocol
#AES #Bitcoin §68
Their paper describes sharing resources using packet switching among network nodes. Later known as Transmission Control Protocol. TCP broke into a modular architecture consisting of the TCP and IP, or Internet Protocol. This later became known as TCP/IP and is attributed to accelerating the velocity of data more than one thousand times and the cost of delivery approaching near zero. Digital transformation has and will continue to deflate the costs for education, medicine, legal, and all human endeavors.
#AES #Bitcoin §65
1957 SEP 19: Eight Engineers Defected…
From Fairchild Semiconductor, created their own startup, and pioneered integrated circuits. Simple at first, but the integrated circuits grew in complexity. In the fast-growing Silicon Valley, John Moore observed computing power doubling every eighteen to twenty-four months. The phenomenon later became known as Moore’s Law, and it is still happening. Knowledge is growing exponentially. We are approaching some kind of singularity.
DIGITAL TRANSFORMATION IS DEFLATIONARY AND ACCELERATING
#AES #Bitcoin §64
A commodity-based monetary system would reflect commonwealth productivity gains. Wages would track productivity gains instead of fiat grifting productivity gains with inflation. With Booth-deflationary forces, including technology, microprocessors, digital transformation, robotics, and AI…the cost of living should be going down.
Circulation of Second-Layer, Asymptotically Ideal Money
#AES #Bitcoin §63
The network effect is not limited to money. I agree with Jason Lowery’s generalization: “ALL bits of information.” The 2008 decentralizing innovation solved the digital double-spend problem without an intermediary. Not just high-velocity value. The peaceful revolution will also decentralize high-velocity data. Censorship-resistant value and censorship-resistant data will punch holes into the Great Firewall of China.
John Law vs. John Nash
#AES #Bitcoin §62
John Law set up the first central bank in France. He claimed, “Trade depends on the circulation of credit.” It works, but expect a hangover.
Network Effect
#AES #Bitcoin §61
It is a phenomenon and a wonder. Understanding network effects can be the difference between becoming a sovereign individual or remaining part of the herd. Your alignment with a network effect may provide exponential productivity.
Digital Transformation
#AES #Bitcoin §60
Digital transformation began in 1959, when Fairchild’s Jean Hoerni invented a transistor structure and in 1960, Fairchild created the first integrated circuit with four transistors.
Decentralized AI or Centralized AI?
#AES #Bitcoin §59
Decentralized AI will come by design, not by default. But if it happens, it will grow dominant. This is one of the most important aspects of zero-tax Bitcoin. And it will accelerate the velocity of value beyond imagination.
Bitcoin Is the First Example of a Decentralized AI
#AES #Bitcoin §58
Mycelium is an underground decentralized neural network; symbiotic Bitcoin is similar to mycelium. There are many good articles on this topic. By the way, a mushroom is the fruit of a mycelium network. The mycelium network and trees have a symbiosis that can be described as a superorganism.
STEMM, IP, and the Pursuit of Knowledge
#AES #Bitcoin§57
STEMM stands for Science, Technology, Engineering, Math, and the extra M is for Manufacturing because manufacturing is very important for building surplus, tradeable commodities. Capital. A huge variable for the Wealth of Nations.
Real Estate Age
#AES #Bitcoin §56
More millionaires have been created in the past one hundred years from real estate than any other industry. Real estate is riding a bow wave of financialization and population growth. Financialization is good for the hierarchy, bad for the next generation.
The Industrial Age and Industrial Capital…
#AES #Bitcoin §55
There is a greater question. Will AI be centralized or will AI be decentralized? If decentralized, knowledge work will continue to grow. Zero-tax Bitcoin is our best hope for a decentralized singularity.
Capital Is Shifting over Time
#AES #Bitcoin §54
Before and during Jericho, there was a conflict between the hunter-gatherer and the farmer. Cain the farmer and Abel the shepherd. Metaphorically speaking, the farmer killed the shepherd, just like the barbed wire killed the free-ranging cowboy. There is a similarity between the walls of Jericho and barbed wire. Tearing down the walls of Jericho repeats the same Cain and Abel metaphor. The Walls of Jericho falling could be remembered as The Shepherds Strike Back.
#AES #Bitcoin §54
Before and during Jericho, there was a conflict between the hunter-gatherer and the farmer. Cain the farmer and Abel the shepherd. Metaphorically speaking, the farmer killed the shepherd, just like the barbed wire killed the free-ranging cowboy. There is a similarity between the walls of Jericho and barbed wire. Tearing down the walls of Jericho repeats the same Cain and Abel metaphor. The Walls of Jericho falling could be remembered as The Shepherds Strike Back.
Traditional Social Security
#AES #Bitcoin §53
In the past, land, sheep, cattle, and agriculture were capital. It was traditional social security. Generational wealth, not centralized entitlements. In Uganda, for example, ancestorial lands remain a tradition. Ancestorial private property is social security.