Official Outer Limits/Debunking Thread
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Is that the currency he established as emperor of Antarctica?
Lol.
It is actually a real idea attempting to improve on the gold standard as an attempted solution to the Triffin Dilemma by pegging currencies to a basket of stuff of supposedly stable utilitarian value.
It is actually a real idea attempting to improve on the gold standard as an attempted solution to the Triffin Dilemma by pegging currencies to a basket of stuff of supposedly stable utilitarian value.
It isn't up for "we" to decide what Mr. Nash was saying. He already said it and he used clear English in doing so. His ideal money would be pegged to a standardized basket of commodities called the industrial consumption price index. It would be highly stable in purchasing power.
Bitcoin is a free-floating currency not pegged to anything and is highly volatile in its purchasing power.
I find it quite rude that you think that Mr. Nash would have created something that is precisely the opposite of his ideal money.
Bitcoin is a free-floating currency not pegged to anything and is highly volatile in its purchasing power.
I find it quite rude that you think that Mr. Nash would have created something that is precisely the opposite of his ideal money.
Is that the currency he established as emperor of Antarctica?
So we cannot simply take a wiki summary on what ideal money is, because a as a lecture ideal money is not what the lecture proposes. Ideal money as a 'lecture' (1) preaches that nations should get together and combine currency in order to increase stability AND to gain bargaining power (which is not fully different that stability). (2) he has been explicitly teaching us to redefine how we approach the concept of money AND how we judge its value.
Those are the esoteric aspects, the parts that are foreshadowing something he hasn't quite explained. Allow me to give the concrete examples which are not fully readable until you read it in the context of bitcoin:
It is also notable that there has been an overall sense of always increasing human per capital wealth, globally, as technological advances continue to modify the nature of the global economy
The evolving recognition of the fact that the “users” of a currency become like players in a game and have opt-ional strategies by means of which they will be able to seek to optimize according to their own particular economic interests leads to the recognition that the tasks central planners and managers, of a state, are not as simple as if they had only to herd flocks of sheep
And also, if we view money as of importance in connec-tion with transfers of utility, we can see that money itself is a sort of "utility", using the word in another sense, comparable to supplies of water, electric energy or telecommunications. And then, if we think about it, we can consider the quality of money as comparable to the quality of some "public utility" like the supply of electric energy or of water.
The missing axiom is simply an accepted axiom that the money being put into circulation by the central authorities should be so handled as to maintain, over long terms of time, a stable value.
And we can’t really logically assume that human civilization has found the ultimate ideal of forms of social government in the times of the twentieth century. (One can imagine a future form of government where a highly advanced automaton (or array of computers) would function like the office of a City Manager with the human input to the government passing through the analogue of a City Council.)
Our proposal is that a preferable version of a general system for the transferring of utility, thus a "medium of exchange", would be structured so as to provide a medium with a natural (and reliable!) stability of value.
It can be difficult, psychologically, for good patriots to appreciate the comparison, but state banks, or whatever issues the money used in a state or in a group of states, are logically comparable to good or bad commercial banks or to good or bad insurance companies.
The issuer of a state-sponsored "legal tender" is comparable to the person of "Il Principe" in the writings of Machiavelli.
The idea seems paradoxical, but by speaking of "infla-tion targeting" these responsible officials are effectively CONFESSING that, notwithstanding how they formerly were speaking about the difficulties and problems of their functions, that 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").
So my personal view is that a practical global money might most favorably evolve through the development first of a few regional currencies of truly good quality. And then the “integration” or “coordination” of those into a global currency would become just a technical problem. (Here I am thinking of a politically neutral form of a technological utility rather than of a money which might, for example, be used to exert pressures in a conflict situation comparable to “the cold war”.)
Thus "good money" will not naturally supplant and replace "bad money" by a simple Darwinian superiority of competitive species. Rather than that, it must be that the good things are established by the voluntary choice of human agencies. And these resp-onsible agencies, being naturally of the domain of polit-ically derived authorities, would need to make appropriate efforts to achieve such a goal and to pay the costs that are entailed before their societies can benefit. And the benefits would come from the improvement in the quality of this public utility (money) which serves to facilitate the game-theoretic function of "the transfer of utility".
If we have gotten this far, I would be very surprised to believe we are not at least partially convince. I truly think we need to open up this dialog and I wonder why we must continually not address the facts here. We have a VERY interesting discussion to be had. Of course we should understand, IF true, we have some preconceived notions and bias's to remove, which WOULD make it difficult to address.
My only fear whether right or wrong, is this man is nearing the end of his life, and we have a very short window of time to thank him. And that all it requires is a serious, unemotional analysis from a few credible people. And that the poker community is set to spread this news like wildfire.
My only fear whether right or wrong, is this man is nearing the end of his life, and we have a very short window of time to thank him. And that all it requires is a serious, unemotional analysis from a few credible people. And that the poker community is set to spread this news like wildfire.
I explained in very simple terms, what Nash's ideal money is. For it to be Nash's Ideal Money, it must pegged to a standardized basket of commodities (the industrial consumption price index is the one he likes best). He has been talking about it for nearly a decade. He goes into great detail about why his ideal money must be tied to a basket of commodities and why he thinks that the industrial consumption price index is the best basket of commodities to use.
Any currency that is not pegged to a standardized basket of commodities is not his ideal money. Bitcoin is not, in any way, pegged to the value of ANYTHING!!! Therefore, it is not his ideal money. It really is that simple.
You could even be bothered to read up on the topic instead of ignoring that he has been talking about it for a really long time.
http://web.math.princeton.edu/jfnj/t...DEAL_MONEY.../
Originally Posted by John Nash Jr.
Our key proposal was/is that an index that can be called an ICPI or "Industrial Consumption Price Index" could be employed
as a basis for the standardization of the value of money. This proposal is for an index based on the international prices of specific goods. For example like the prices for silver or copper as recorded daily at London.
The commodities or utilities or services for which their international prices could be used in an ICPI index should be wisely chosen so as to avoid those that might have comparatively rapidly changing values. Exactly how an index should be constituted cannot be specified at this point but it can be noted that the problem of constituting a suitable index is quite analogous to that of constituting index measures for the prices
of "Industrials" or "Transports" or "Utilities" like Dow Jones has long had for the stocks traded on the New York Stock Exchange. But of course one doesn’t expect the value measure of a "basket" of commodities to rise as much, over long times, as the value of the Dow Jones Industrials index has risen in the past.
as a basis for the standardization of the value of money. This proposal is for an index based on the international prices of specific goods. For example like the prices for silver or copper as recorded daily at London.
The commodities or utilities or services for which their international prices could be used in an ICPI index should be wisely chosen so as to avoid those that might have comparatively rapidly changing values. Exactly how an index should be constituted cannot be specified at this point but it can be noted that the problem of constituting a suitable index is quite analogous to that of constituting index measures for the prices
of "Industrials" or "Transports" or "Utilities" like Dow Jones has long had for the stocks traded on the New York Stock Exchange. But of course one doesn’t expect the value measure of a "basket" of commodities to rise as much, over long times, as the value of the Dow Jones Industrials index has risen in the past.
We have agreed that he suggests this, but you seem to be ignoring that there is more to the paper than just that one suggestion. As well as the specific quotes outlining the new technological advance in economics he alludes to.
A standardized basket of commodities means to me, that money will simply be worth what it is worth, in terms of the efficiency created by economic trade, rather than some other false idea we've been lead that it should be tied to.
I definitely read the paper, and most versions. Problem is, we have to question our academic foundations for him to be satoshi. We have been given the 'ideal' picture for what the function of money should be, and what we should expect of it, I gave many quotes that directly address this.
And we have been anonymously given an instrument (koto) with which to facilitate the change.
Is there another cryptographic programmer that might fit this bill?
Edit:
We note that bitcoin is decentralized.
Bitcoin and ideal money are two separate topics, we agree on that, what we don't realize together, is that they are two parts to a perpetual machine towards both economic efficiency and natural cooperation. They each work different ends of the spectrum working towards the same goal of ultra stability, and ultra efficiency. They had to be written this way or he would have been stopped.
A standardized basket of commodities means to me, that money will simply be worth what it is worth, in terms of the efficiency created by economic trade, rather than some other false idea we've been lead that it should be tied to.
I definitely read the paper, and most versions. Problem is, we have to question our academic foundations for him to be satoshi. We have been given the 'ideal' picture for what the function of money should be, and what we should expect of it, I gave many quotes that directly address this.
And we have been anonymously given an instrument (koto) with which to facilitate the change.
Is there another cryptographic programmer that might fit this bill?
Edit:
It is as if what we call an "ideal money" (having ultra-stable value) is the natural alternative concept to that sort of money which is to be expected if "Keynesian" policies and/or influences are operating to influence and guide the central banks and treasuries.
Bitcoin and ideal money are two separate topics, we agree on that, what we don't realize together, is that they are two parts to a perpetual machine towards both economic efficiency and natural cooperation. They each work different ends of the spectrum working towards the same goal of ultra stability, and ultra efficiency. They had to be written this way or he would have been stopped.
Extremely clear.
means to me...
The problem relies entirely with you.
I definitely read the paper, and most versions. Problem is, we have to question our academic foundations for him to be satoshi.
And we have been anonymously given an instrument (koto) with which to facilitate the change.
Again, this is quite rude behavior from you.
We can also note that buying a puppy is the same as buying a tomato because Clifford The Big Red Dog from the children's book is red and tomatoes are also red.
I guess than its an incredible coincidence (there is a pun there) that the creators name spells 'i am nash' and denotes 'the common mans instrument'.
What are the odds that the inferred nationality of satoshi nakamoto happens to make a perfect translation of two of the most distinguishing japanese words...
I suppose we could do that with newguy1234 as well...
And of course we know satoshi is a cryprto graphic programmer ..
We highly suspect (as on wiki) he lives in the eastern north American time zone (Princeton).
They figure he is British because he uses "blood hell" but we know nash is born in 1928
It is not ideal money 'in its present form' in the same way as I am not a three-headed monkey in my present form.
I suppose we could do that with newguy1234 as well...
We could do it with Satoshi Nakamoto and come up with "A Satan, Oh Mistook," "Hank tomato oasis," "Ha! Toasts a kimono," "A sash tomato oink," "Titans soak a ****," "A-ha!!! Mason sit, took," "Took an ass. Ah omit," "A Mason Took a ****," "Asshat no took aim, "I soak a Nash motto," "I am Hank, sat to so...," "Satan took aim, ho's!," "A Smith soak no oat," "Sham oak stain too?," "a satan took him, so...," "I am Tosh... Sanka?," "Toto, a-ha, Moss, akin!," "I am Kant too, ass ho!"
What are the odds that some guy named Hank, and Satan, and the band "a-ha", the Titans, Mason Malmuth, some guy named Smith, and an asshat and Tosh (probably just a repeat), the band Toto, a skinny model, a moistened gay person and Kant could all come out of that?!? And I didn't even have to resort to using more than one language just to make it work!
Coincidence?!? I think not!!!
(Most of the ones that are starred out are quite amusing. I really liked the one with Kant in it)
At the risk of you searching endlessly for some positive information that supports your idea (see tomato puppy Clifford the Big Red Dog), you could also read a bit more and realize that Nash has a particular tone to his writing (I particularly like the occasional sidestreet and his realization that he is taking one). This https://bitcoin.org/bitcoin.pdf is not written by him.
We could do it with Satoshi Nakamoto and come up with "A Satan, Oh Mistook," "Hank tomato oasis," "Ha! Toasts a kimono," "A sash tomato oink," "Titans soak a ****," "A-ha!!! Mason sit, took," "Took an ass. Ah omit," "A Mason Took a ****," "Asshat no took aim, "I soak a Nash motto," "I am Hank, sat to so...," "Satan took aim, ho's!," "A Smith soak no oat," "Sham oak stain too?," "a satan took him, so...," "I am Tosh... Sanka?," "Toto, a-ha, Moss, akin!," "I am Kant too, ass ho!"
What are the odds that some guy named Hank, and Satan, and the band "a-ha", the Titans, Mason Malmuth, some guy named Smith, and an asshat and Tosh (probably just a repeat), the band Toto, a skinny model, a moistened gay person and Kant could all come out of that?!? And I didn't even have to resort to using more than one language just to make it work!
Coincidence?!? I think not!!!
(Most of the ones that are starred out are quite amusing. I really liked the one with Kant in it)
What are the odds that some guy named Hank, and Satan, and the band "a-ha", the Titans, Mason Malmuth, some guy named Smith, and an asshat and Tosh (probably just a repeat), the band Toto, a skinny model, a moistened gay person and Kant could all come out of that?!? And I didn't even have to resort to using more than one language just to make it work!
Coincidence?!? I think not!!!
(Most of the ones that are starred out are quite amusing. I really liked the one with Kant in it)
At the risk of you searching endlessly for some positive information that supports your idea (see tomato puppy Clifford the Big Red Dog), you could also read a bit more and realize that Nash has a particular tone to his writing (I particularly like the occasional sidestreet and his realization that he is taking one). This https://bitcoin.org/bitcoin.pdf is not written by him.
Its that lack of reason that leads me to feel at least some part of you realizes you are not approaching this without bias. We cannot suggest for example since satoshi uses favour and nash uses favor, that he is not capable of switching the types of spell check he would use.
I've also given many quotes that clearly show bitcoin is inline with nash's vision of our economy.
Here is another
Bitcoin:
The traditional banking model achieves a level of privacy by limiting access to information to the parties involved and the trusted third party.....This is similar to the level of information released by stock exchanges...
it can be noted that the problem of constituting a suitable index is quite analogous to that of constituting index measures for the prices of "Industrials" or "Trans-ports" or "Utilities" like Dow Jones has long had for the stocks traded on the New York Stock Exchange.
He ought to find it more profitable to play by the rules, such rules that favour him with more new coins than everyone else combined, than to undermine the system and the validity of his own wealth
The probability of an attacker catching up from a given deficit is analogous to a Gambler's Ruin problem. Suppose a gambler with unlimited credit starts at a deficit and plays potentially an infinite number of trials to try to reach breakeven.
The recreational, but risky, game of “poker” is a good illustration of a naturally conventionally non-cooperative game.
Makes perfect sense.
I had a pleasant conversation with him and he said (without encrypting it) that you should take your meds.
I had a pleasant conversation with him and he said (without encrypting it) that you should take your meds.
He still faces such ignorance, and no wonder he kept his name secret for so long.
I hope its not him, I think it would be a terrible dialogue between us, to know that if we took a sincere look, we might have a chance to thank him (and effectively apologize).
It is quite mean of you to think it was him. If you were the only human being I had ever met, I'd be an antinatalist for you spewing on Dr. Nash.
I dunno, maybe it so crazy people don't wanna comment, but even still i think they would. No one wants to say yes or no.
it would be a sad thing if you were wrong tho, if i was right.
I was pointed this out http://faculty.washington.edu/dtwill...ary-Option.pdf
seems it was edisons Idea, i notice nash hasn't cited it.
I boxed. You are being mean to Dr. Nash. Stop it.
Do you mean the kind of mean where we confine a man in a coma for 6 weeks because he begins to realize he can change the world?
I wonder if we can see that this new form of currency and the final evolution of it (to stability), is in fact an extension of the bargaining problem.
And whether we will comment on that. This seems quite easy to agree on. There has to be some rational agreement to this.
I wonder if we can see that this new form of currency and the final evolution of it (to stability), is in fact an extension of the bargaining problem.
And whether we will comment on that. This seems quite easy to agree on. There has to be some rational agreement to this.
Do you mean the kind of mean where we confine a man in a coma for 6 weeks because he begins to realize he can change the world?
I wonder if we can see that this new form of currency and the final evolution of it (to stability), is in fact an extension of the bargaining problem.
And whether we will comment on that. This seems quite easy to agree on. There has to be some rational agreement to this.
I wonder if we can see that this new form of currency and the final evolution of it (to stability), is in fact an extension of the bargaining problem.
And whether we will comment on that. This seems quite easy to agree on. There has to be some rational agreement to this.
I meant, "stop being mean to Dr. Nash."
In case that is confusing, I can elaborate: Stop being mean to Dr. Nash.
You are being mean. Stop it.
ruok tho?
Me? Yes, of course.
Not happy that you are being mean to Dr. Nash, so not ok with you.
Not happy that you are being mean to Dr. Nash, so not ok with you.
I don't get it, is acting like a 4 years some kind of therapy?
You believe in God-zilla?
You can see real dedicated courage at 6:29-6:37
You can see real dedicated courage at 6:29-6:37
My opinion is that if it were too easy to set up a form of “global money” that the version achieved might have characteristics of inferiority which would make it, comparatively, more like a relatively inferior national currency than like any of the more praiseworthy national or imperial currencies known to historical records. But there is a good prospect for avoiding the establishment of another, possibly deceptive, currency of inferior quality. Here I think of the possibility that a good sort of international currency might EVOLVE before the time when an official establishment might occur.
So my personal view is that a practical global money might most favorably evolve through the development first of a few regional currencies of truly good quality. And then the “integration” or “coordination” of those into a global currency would become just a technical problem. (Here I am thinking of a politically neutral form of a technological utility rather than of a money which might, for example, be used to exert pressures in a conflict situation comparable to “the cold war”.)
So my personal view is that a practical global money might most favorably evolve through the development first of a few regional currencies of truly good quality. And then the “integration” or “coordination” of those into a global currency would become just a technical problem. (Here I am thinking of a politically neutral form of a technological utility rather than of a money which might, for example, be used to exert pressures in a conflict situation comparable to “the cold war”.)
We do expect the psychology field to be the last to accept the genius of this man of course tho. I notice not one other person has agreed with or denied this claim. Its strange because for the last year or two members have been lining up in groups to disagree with me. certainly we can have a mature discussion on the topic, or no?
That sentence makes no sense in relation to the argument. If you presented a clear and cogent case, then your case would be considered.
There are two things you need to do to make your idea of interest.
First, it has to make sense. "I am Nash aksttoooa" as your primary evidence leaves quite a bit to be desired. Do not move onto step two until the first step is solved.
Second, (again, don't move to second step until the first is solved) your claim can't just be possible; it can't just be plausible. This is quite important. We've discussed this before. Do not move onto step three until the second step is solved.
Third, your case cannot be contrary to any known facts:
Here are some facts:
1) Dr. Nash is far too smart to have created Bitcoin. It doesn't solve the problems he is interested in.
2) Dr. Nash is far too smart to have used a silly encryption of his name (let alone that the remaining AKSTTOOOA) that you would be capable of decrypting.
3) Dr. Nash proudly stands behind his work, and does not hide from presenting his inventions.
4) Dr. Nash does not speak Japanese.
5) Dr. Nash has a Nobel Prize.
That is, of course, quite true. That is why your posts get deleted, I imagine. We have a lot to discuss. You keep showing up to say things that are not at all scientific (let alone math-like or philosophy-like).
I'm not sure how you are confused or think that this has anything to do with bitcoin. He is (I'm not asking for feedback, just telling you the way things are) saying that his idea of tying currency to commodities would be difficult, but if it happened somewhere, the problem would be a technical one of tying existing yucky-bad currencies into the currency tied to commodities.
All you've done here is this: "Not sure what ... poker ... is ..." You said that in the post I am replying to. That means that you don't know what poker is, right?
Dr. Nash's ideas on economics and ideal money aren't complicated nonsense. They are quite easy to understand.
Ummmm. The psychology community fought their asses off to get the man his well-deserved Nobel Prize.
That is because they don't have the patience I do.
There are two things you need to do to make your idea of interest.
First, it has to make sense. "I am Nash aksttoooa" as your primary evidence leaves quite a bit to be desired. Do not move onto step two until the first step is solved.
Second, (again, don't move to second step until the first is solved) your claim can't just be possible; it can't just be plausible. This is quite important. We've discussed this before. Do not move onto step three until the second step is solved.
Third, your case cannot be contrary to any known facts:
Here are some facts:
1) Dr. Nash is far too smart to have created Bitcoin. It doesn't solve the problems he is interested in.
2) Dr. Nash is far too smart to have used a silly encryption of his name (let alone that the remaining AKSTTOOOA) that you would be capable of decrypting.
3) Dr. Nash proudly stands behind his work, and does not hide from presenting his inventions.
4) Dr. Nash does not speak Japanese.
5) Dr. Nash has a Nobel Prize.
We have so much to discuss scientifically AND as a poker community.
pegging our existing currencies to a commodities index is not the thesis to this paper. That idea was (apparently) edison's but it needed a solution and the solution is bitcoin.
All you've done here is this: "Not sure what ... poker ... is ..." You said that in the post I am replying to. That means that you don't know what poker is, right?
Dr. Nash's ideas on economics and ideal money aren't complicated nonsense. They are quite easy to understand.
We do expect the psychology field to be the last to accept the genius of this man of course tho.
I notice not one other person has agreed with or denied this claim. Its strange because for the last year or two members have been lining up in groups to disagree with me. certainly we can have a mature discussion on the topic, or no?
Second, (again, don't move to second step until the first is solved) your claim can't just be possible; it can't just be plausible. This is quite important. We've discussed this before. Do not move onto step three until the second step is solved.
1) Dr. Nash is far too smart to have created Bitcoin. It doesn't solve the problems he is interested in.
I think you are mistaken, and so does the write of this article https://topinfopost.com/2014/03/20/b...-thomas-edison
They've gone so far as to suggest edison did it, yet you claim the ideas contradict each other?
2) Dr. Nash is far too smart to have used a silly encryption of his name (let alone that the remaining AKSTTOOOA) that you would be capable of decrypting.
Yes we know that of course unless he wanted to leave a trail for the truth to eventually come out.
3) Dr. Nash proudly stands behind his work, and does not hide from presenting his inventions.
That is in direct contrast to nash's memo's tho, so again like what are we doing here?
I am speaking about a research project that is not fully complete since I have not yet written up and submitted for publication any paper or papers describing the work. Also the details of what axioms to use and how to select the basic set theory underlying the hierarchical extension to be constructed are not fully crystallized. I have also a great fear of possible error in studying topics in this area. It is not rare, historically, for systems to be proposed that are either inconsistent or that have unexpected weaknesses. So I feel that I must be cautious and proceed without rushing to a goal. And this psychology of fear has also inhibited me from consulting other persons expert in logic before I could feel that I had gotten my own ideas into good shape.
I never claimed he did tho. We do suspect tho, that satoshi is not at all from japan, and that they live in the eastern us time zone
5) Dr. Nash has a Nobel Prize.
That is, of course, quite true. That is why your posts get deleted, I imagine. We have a lot to discuss. You keep showing up to say things that are not at all scientific (let alone math-like or philosophy-like).
I'm not sure how you are confused or think that this has anything to do with bitcoin. He is (I'm not asking for feedback, just telling you the way things are) saying that his idea of tying currency to commodities would be difficult, but if it happened somewhere, the problem would be a technical one of tying existing yucky-bad currencies into the currency tied to commodities.
All you've done here is this: "Not sure what ... poker ... is ..." You said that in the post I am replying to. That means that you don't know what poker is, right?
Dr. Nash's ideas on economics and ideal money aren't complicated nonsense. They are quite easy to understand.
All you've done here is this: "Not sure what ... poker ... is ..." You said that in the post I am replying to. That means that you don't know what poker is, right?
Dr. Nash's ideas on economics and ideal money aren't complicated nonsense. They are quite easy to understand.
I think rather that we aren't understanding what bitcoin is. And we aren't understanding the final evolution, of combining irl currencies and backing them with commodities, while simultaneously doing the same thing with bitcoin, while continually evolving them.
To me what this is really about is re defining what money is and what we use it for, and to change our expectations of it. Neither bitcoin, nor grouping irl currencies and backing them with commodities are the goals in themselves. But as time goes by and we create room for adjustment, we expect our currencies to merge into a cohesive unit. It may be one currency or many, but they're stability vs each will function not like today. Ideal money, the way you define does not seem to be new, and does not seem to be nash's idea. And it doesn't really explain how we might bring such a change about, and it also doesn't explain the results in any detail
Ummmm. The psychology community fought their asses off to get the man his well-deserved Nobel Prize.
That is because they don't have the patience I do.
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