Image for post
Image for post
John F Nash Jr.

If an assumption is made that John F Nash Jr. was Satoshi Nakamoto, with bitcoin an implementation of Nash’s work in bargaining, “agencies” and (asymptotically) “ideal money”, there arise possibilities to understand how governments and nation sovereigns might adjust to bitcoin, in conjunction to Nash’s referencing technical coordination on new forms of regional currencies — and also a new form of money evolving before “an official establishment occurs”resulting in a one world empire money becoming realistically foreseeable.

There is an analogy to draw in this from Ludwig Wittgenstein’s penultimate proposition in Tractatus Logico-Philosophicus, which has become known as…


Image for post
Image for post
The Sound of Music — set in Austria

A well known Ludwig Wittgenstein saying addresses the pointlessness of immortality in that immortality — should it exist — is said not to solve any problem. An economist and writer such as Frances Coppola would no doubt say the same about bitcoin, in that she believes it solves no problem beyond “hoarding wealth” for its own sake.


Image for post
Image for post
John F Nash Jr.

“Just leave the old one alone! Older is better.” Satoshi Nakamoto, 15 August, 2010

It’s not clear how John F Nash Jr. would have taken to being called a social scientist, but his first work in game theory — The Bargaining Problem (1950) — is acknowledged as being the first in the social sciences to use an axiomatic approach:

“Nash’s paper is one of the first to apply the axiomatic method to a problem in the social sciences.” Sylvia Nasar, A Beautiful Mind p. 90 (1998)

Nasar remarks how Nash would arrive at proofs in his head, sometimes without calculation…


Image for post
Image for post
Nic Carter

A recent writing by a preeminent bitcoin commentator presents the proposition that bitcoin, unlike gold, is standardized, and is therefore money because it is “elemental” in its form (unlike gold, which is “elementally disorganised”, before being “rendered into coinage”).

This is a curious understanding of bitcoin, not least because there are many similarities between gold and bitcoin, suggesting bitcoin was influenced by gold being available as a medium of exchange, and by (bitcoin) mimicking the process of “mining” in bringing its supply out into the open, among other things.

The lessor consideration of game theory in scaling bitcoin

The idea of a bitcoin standard is well publicized among bitcoin…


Image for post
Image for post
John F Nash Jr.

To take things “in your stride” is to remain composed while dealing with irregularity, and has relevance to how committed a strategy becomes when faced with unexpected outcomes — there is a saying among market traders on solvency and rationality, where the latter outpaces the former, so that game theory assumes utility in understanding equilibrium or vantage points to a situation, where one feels they’re unable to play to any greater unilateral gain, benefit, or welfare, as defined by the payment episode in doing so.

Retrospection and hindsight are readily available in such plays, but in real time, the principle…


Image for post
Image for post
Japanese scene

A seemingly light hearted remark about aliens being accounted for (when designing bitcoin) by Satoshi Nakamoto, alludes to considered subject matter of cooperative games in the determinative context of how to measure the outcome or rationality of engagement when playing any kind of game, whether non-cooperative or cooperative.

This is because the idea of cooperation is based not only on the understanding of rules or context of a game, but also on how such rules are enforceable to be taken seriously, and is why the idea of prisoner dilemma games evolved from John F Nash Jr.’s …


Image for post
Image for post
Flag of Austria

“I am generally a little bit libertarian in some respects, so I don’t have a problem with bitcoin existing. I have a problem with bitcoiners trying to cease the moral high ground. Something can exist just as a thing, as a product, as a good, if people want to invest in it, that’s their choice. I’m not going to interfere with that.” Frances Coppola, What Bitcoin Did, 15 January, 2021 (circa 9:50 minutes).

Frances Coppola’s statement is made in response to a question from Peter McCormack, should bitcoin be banned?

Ms Coppola elaborates further on her faith and her position…


Image for post
Image for post
Vilfredo Pareto

Inchoate in probability is the idea for the determination of the bargaining situation or game by evolving an intuition as to what constitutes value for money in the outcome.

The intuition is influenced by the variant and invariant, and over time iterative and recursive, so that the game or situation can appear indeterminate.

Theorising such games moved toward anticipation of strategic propositions, rather than two person scenarios summing to zero. In their book Theory of Games and Economic Behavior (1944), John von Neumann and Oskar Morgenstern invited a breaking of the mould.

Made in Austria

John von Neumann contributed most of the mathematical…


Image for post
Image for post
Dr Strangelove

In a mailing list post of November 2008, Satoshi Nakamoto — the pseudonymous creator of bitcoin — agrees cryptography can’t solve political problems, but points to the possibility of it “winning a major battle in the arms race”, gaining “a new territory of freedom for several years”:

“Governments are good at cutting off the heads of centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own.” Satoshi Nakamoto, 6 November, 2008

In a later post, Satoshi Nakamoto repeats the “race” analogy, in respect of how his system design works:

“When you…


Image for post
Image for post

The phrase as good as gold is usually taken to mean well behaved and obedient. Strictly speaking, however, gold is no longer considered good or obedient in the manner of things past but is still believed genuine by being difficult to counterfeit in relation to a promissory note, which by optimal standards, becomes gilt edged (or as good as gold).

It might be further conjectured it is better to say as ideal as gold, but this perhaps is a futuristic expectation rather than a reflection: both John F Nash Jr. …

Jon Gulson

Ideas in games, language, and trust.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store