The Distrust of Central Banks in John F Nash Jr.’s Ideal Money and Bitcoin

“..it is indeed after all possible to control inflation by controlling the supply of money (as if by limiting the amount of individual “prints” that could be made of a work of art being produced as “prints”).” John F Nash Jr., Ideal Money and Asymptotically Ideal Money, 2003

Good and Bad Money through Time

“Our view is that if it is viewed scientifically and rationally (which is psychologically difficult!) that money should have the function of a standard of measurement and thus that it should become comparable to the watt or the hour or a degree of temperature.” John F Nash Jr., Ideal Money and Asymptotically Ideal Money, 2003

“the quality of the money unit in terms of which the contract is written makes a big difference in the level of certainty of the contract terms.” John Nash, Ideal Money (Relations to Law and Contracts), Lafayette College, 2010

Expectation and Anticipation in the Future of the Bargaining Environment

John Nash, The Bargaining Problem, 1954

Thus the “users”, like the managers, can be viewed as players in interactive games. In particular, with this perspective, it is natural to think of the users as having “expectations” in relation to the future value of the domestic currency, compared either with real assets, foreign currencies, or indices of costs. These expectations may or may not be “well-founded” or “rational” but they will inevitably guide or influence the choices made by the “users”. John Nash, Ideal Money and Asymptotically Ideal Money, 2010

The Basis for Satoshi’s and Nash’s Distrust in Central Banks

John F Nash Jr.
Frances Coppola
Frances Coppola
Satoshi Nakamoto
John Nash

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Jon Gulson

Jon Gulson

Ideas in games, language, and trust.