Asymptotic Ideal Money
BFM162 with Bryan Solstin drops tomorrow⚡️
His theory?
John Nash = Satoshi Nakamoto
The Nobel prize winning mathematical legend published a paper on “asymptotically ideal money".
Bryan thinks he also built it.
And to be honest, it’s more convincing than you might think 👀👇
https://blossom.primal.net/de202a12c69c8b98182384b8862ec04b2b10caa7e06888d0502154bcde9e9c2f.mov
Thank you Bram. The Nash-Nakamoto connection is an important narrative. Perhaps the most important bitcoin narrative. Asymptotically ideal money.
You‘re welcome! Always a pleasure to honour good notes.
I have the same feeling, but the opportunity cost for reading it again & again is too high: I‘d rather continue with my other books on the pile (e.g., the Bitcoin Equilibrium by nostr:npub1wycu76e2ejna3dqne8g9tu4hevqp7qfva4cq8gj5hd3n25du49rqj4z29n and Principles by Ray Dalio)…
Think I really appreciate your comment.
Bitcoiners shun John Nash for his schizophrenia, just as the public shuns those with mental illness. Some Bitcoiners distance themselves from Nash, worried his mental illness undermines Bitcoin’s credibility. Regardless of some weak-minded bitcoiners, Nash was blessed with a beautiful paranoia. And his recovery had everything to do with rejecting politics and other centralized solutions.
John Nash’s secret strategy to replace all fiat. https://www.solstin.com/john-nash
Strategy’s Series A Perpetual Strife Preferred Stock (ticker: STRF) offers a fixed annual dividend rate of 10%
U.S. Aggregate Bond Index, a broad measure of the investment-grade bond market, returned 1.4% for 2024.
https://podcasts.apple.com/us/podcast/what-bitcoin-did/id1482455669?
Bitcoin halving in three-years from today. Time to plan your halving party. https://bitbo.io/halving/
Science strives selflessly for truth.
Bitcoin will be an equilibrium of truth.
A Faustian bargain in banking involves central banks and major financial institutions that rely on artificially low interest rates and inflation to sustain short-term economic growth—at the cost of long-term financial instability, wealth centralization, and environmental destruction.
https://www.solstin.com/088295013675
A link to the original 1900 publication in PDF. Amazing illustrations. Truly, it is a Fiat fairytale.
Wizard of Oz.
A fiat fairytale.
The deeper truth, it is a documentary documenting the end of a debt cycle.
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/
1971
Nixon closed the gold window.
2025 March 7
Trump created a Bitcoin window.
20??
When USD pegs to Sats, the Bitcoin window will open.
The Bitcoin Equilibrium emerge. The velocity of value will accelerate to inconceivable movement. The commodity-based monetary system will incentivize unimaginable abundance.
Bitcoiners know it’s time to:
Audit central banks.
End KYC.
Tax fiat, and
Tax other centralized money 2%.
Zero-tax Bitcoin.
If Satoshi Nakamoto were merely a cryptographer or programmer, why include poker-related mechanics?
The fact that both Nash and the Bitcoin code reference poker in similar strategic contexts is not something that can be easily dismissed as coincidence.
If Nash were involved in Bitcoin’s creation, this would be a signature fingerprint embedded in the system.
Another smoking gun.
Nash references Merkel at 14:44. Merkle Trees in Bitcoin enables Efficient Transaction Verification. Instead of downloading an entire block, nodes can verify a specific transaction by checking only a small portion of the Merkle tree.
https://www.youtube.com/watch?v=AqzLizhLvEI
It’s time for zero tax bitcoin in the United States.
nostr:note1xrv6u69udae7v3ya5h7cxl68842r6rcg4f60lszkqvacte7vuqaq80pcec