The Bitcoin Genealogy

Jon Gulson
2 min readMar 7, 2020

--

The pervasive idea of morality in philosophy, law, and economics based on the performing or making good on a promise gives a shared sense of trust and trustworthiness and different kinds of money symbiotic in qualities commensurate to the event or degree.

The theorising on morality and its sentiments inevitability evolves to questioning the basis of any promise made and terminology or words employed giving the value as readily and widely understood.

Origins, genesis, and genealogy in primordial functions such as good and bad in expectation forming, reforming, playing and replaying as consciousness influencing judgement making and decisions in games active from language conditions not static.

The Median Utility of Price Indexation

A contract readily understood as a set of rules by which signatories agree or are co-opted will commonly default or predicate to an index or agreed price level observation depending on how the contract is written to set in motion a course of action.

An aim of proofing against inflation or circumstances whereby the integrity of the contract could be adversely affected gives premium to the idea of index-linking.

The term of inflation itself is genealogical and it’s suggested the headline rate is a macro snapshot of trade and consumption habits stemming from micro contractual relationships containing small tolerance for mis-understanding because there is incompleteness in contract formation which makes for litigation latency.

Where indexation prices things out as a well as in, dependant on the requirements of the agreement, a promise indexing on trustless re-adjustment could become subject to any other grammar rule but where the irreversibility couldn’t remain in perpetuity a game gestates where translations are pre-formed in probability and any eventuality which need only occur once.

--

--