Sat Nov 07, 2015 8:43 pm

Have you read John Nash's "Ideal Money"? I'm replying to this on the thread because the answer is boring: no I haven't. If you could summarise it and how it relates to Bitcoin, I'm sure that'd be interesting for all of us. I'm replying to this on the thread because the answer is boring: no I haven't. If you could summarise it and how it relates to Bitcoin, I'm sure that'd be interesting for all of us.

John Nash spent the last 20 years of his life giving the extensive argument that the keynesian era of targeting inflation through money printing will asymptotically fall to the advent of a politically neutral money in the form of a stably issued supply. He goes over the history of money standards and relates them to the economic circumstances of their time. He defines what ideal money would be and relates the concept of gresham's law throughout the known history of man. He suggests money should be thought of as a telecommunications and that we can use science and reason to extrapolate what the future of money should be based on the history and evolution of it.You ignore his works and words in your proposal.You see. You come to the table from a developer perspective. Actually I am sure the title I should call you is far above that and more prestigious, I don't mean to talk down to your accomplishments. I mean to suggest that you have a viewpoint from inside that box, and it ignores a bigger view that is far more important and far more useful. You are ignoring economics.Ideal Money was conceived in the 1950's. I try my best to write something useful here but it takes great energy to overcome the frustration that we could be so ignorant to ignore this mans works and talks on the subject.Bitcoin is not economically useful as a coffee money, regardless of whether or not you COULD design it that way. What this world needs incredibly badly is a akin new gold standard. It would be silly for me to explain why, the argument has been perfectly and extensively laid out by Nash.Here is ONE of the MANY pieces of lectures and papers on the subject: http://fermatslibrary.com/s/ideal-money ... deal-money Please, you are trying to propose to the world what our money should be, at least CONSIDER reading 20 years of talks and writing on the subject based on 70 years of contemplation and study.Thanks for all the hard work.