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Topic: Miner cartel, Bankster cartel, or an altcoin? Your choice? - page 5. (Read 33243 times)

sr. member
Activity: 532
Merit: 251


2. Because Bitcoin will always be the reserve currency of unregulated speculation, so Bitcoin doesn't give a fuck about payments and other features:[/size]

Quote from: ideal money
…the issuer of a currency also needs to be properly prepared for the possibility of speculation on the part of interests domiciled in foreign states, etc., etc.

 
sr. member
Activity: 336
Merit: 265
@dinofelis, sorry to bury your excellent posts, but I think this deserves a response...

After thinking about this more...

Certainly, after the "powers that be" see the biggest alts gaining ground on Bitcoin (as far as utility, transactions, and market cap), which they already are, eventually both sides will come to the bargaining table and compromise, no? It may be a while though until they "see the light" so to speak. It looks like "alt coin mania" will continue for now until they do.

No because:

1. Some of them will be profiting on the rise of these other altcoins. Please understand that John Nash designed the game theory of Bitcoin such that consensus is impossible.

2. Because Bitcoin will always be the reserve currency of unregulated speculation, so Bitcoin doesn't give a fuck about payments and other features:


I wrote something in private that I wanted to share, so I decided to stick it here.

as a trader i like the mess and the drama  Kiss
sr. member
Activity: 532
Merit: 251
@traincarswreck, congratulations you buried my important post with the evidence that Nash is Satoshi which is now 1 page back in the thread, because of your numerous, rapid-fire 1 line posts. Could you please edit your posts and combine all your comments into one post, then delete the redundant ones. If you do, I will delete this post. Otherwise, I will leave this post here.

I appreciate your appreciation, but...
How about instead I tweet to Kyle and Aaron and tell them to read this.  I don't think I can edit so well right now. Did I do it?

Fuck.  Deleted the posts: heres one

We haven't begun to discuss Bohm.  Does the cia and nsa exist?  Bohm and Nash had the same insight in the 50's. 
sr. member
Activity: 336
Merit: 265
@traincarswreck, congratulations you buried my important post with the evidence that Nash was Satoshi which is now 1 page back in the thread, because of your numerous, rapid-fire 1 line posts. Could you please edit your posts and combine all your comments into one post, then delete the redundant ones. If you do, I will delete this post. Otherwise, I will leave this post here.

I appreciate your appreciation, and I appreciate your research and tenacity, but...
legendary
Activity: 2044
Merit: 1005
@traincarswreck, unfortunately I am sorry to inform you, that you may have caused Nash's murder by publicizing he was Satoshi:

lol.. dang this trainwreck cant see passed his own nose.

he thinks he has found something big, but doesnt realise that he is like a few years out of date in all his research..
people have already supplied far more stuff than trainwreck has and this john nash ploy of his is not original.

seems he needs to be the one that does more research
I am the only person that has done research and provided it to the community on the subject of Nash Ideal Money and its relation to bitcoin, dumbass.  Everyone.  Look at this idiot, talking about someone they know nothing about.

lol RESEARCH HARDER

2015 - http://www.indiabitcoin.com/can-bitcoin-be-john-nashs-ideal-money-newsbtc/
2015 - http://www.coindesk.com/did-john-nash-help-invent-bitcoin/
2014 - http://forumserver.twoplustwo.com/30/business-finance-investing/john-nash-created-bitcoin-1432655/
2013 - https://freedom-to-tinker.com/2013/11/11/game-theory-and-bitcoin/

trainwreck.. your not original. you also have not even shown any proof. just opinions. and as i said a few times your not the first to try saying it.

research harder,

You are still quoting me dumbass. plus the last links is irrelevant. I told you.  I am the ONE.
Ive thought that but not many people agreed.. depends on if the right people werr reading.. it hit him like it.hit me.. makes the most sense.

Why would gaven anderson lie though about the aussie dude? So that it saves him from being interrogated? It also explains why the coins never moved and will not move. It also explains why he has never visited news groups to give input on the scaling issue which is obviously an issue in bitcoin for a long time. He used to communicate when needed before.
sr. member
Activity: 532
Merit: 251
Some people say he deserves the darwin award for not wearing a seatbelt.  But the seatbelts weren't working.
sr. member
Activity: 532
Merit: 251
Nash embedding theorem is really simple.  He thought of the ideal surface...and then described it.
sr. member
Activity: 336
Merit: 265
@traincarswreck, unfortunately I am sorry to inform you, that you may have caused Nash's murder by publicizing he was Satoshi:

lol.. dang this trainwreck cant see passed his own nose.

he thinks he has found something big, but doesnt realise that he is like a few years out of date in all his research..
people have already supplied far more stuff than trainwreck has and this john nash ploy of his is not original.

seems he needs to be the one that does more research
I am the only person that has done research and provided it to the community on the subject of Nash Ideal Money and its relation to bitcoin, dumbass.  Everyone.  Look at this idiot, talking about someone they know nothing about.

lol RESEARCH HARDER

2015 - http://www.indiabitcoin.com/can-bitcoin-be-john-nashs-ideal-money-newsbtc/
2015 - http://www.coindesk.com/did-john-nash-help-invent-bitcoin/
2014 - http://forumserver.twoplustwo.com/30/business-finance-investing/john-nash-created-bitcoin-1432655/
2013 - https://freedom-to-tinker.com/2013/11/11/game-theory-and-bitcoin/

trainwreck.. your not original. you also have not even shown any proof. just opinions. and as i said a few times your not the first to try saying it.

research harder,

You are still quoting me dumbass. plus the last links is irrelevant. I told you.  I am the ONE.
legendary
Activity: 1316
Merit: 1005
Armstrong has posted on a recent IMF paper.

Despite Bitcoin meeting all of the stated criteria of currency in practical usage, the academic view denies Bitcoin as currency and seems to purpose it as a settlement layer. See the following section:

Quote
44.
The balance on the primary and secondary income accounts would be affected
mainly through income transfers. If de-cashing is based on the distributed ledger-like
technology, such as the Bitcoin, it can dramatically reduce the cost of international transfers,
especially remittances intermediated by correspondent banks. Through correspondent
banking relationships—agreements between banks to provide payment services to each
other––banks can access financial services in different jurisdictions and provide cross-border
payment services to their customers.
The costs of sending international remittances, however,
are notoriously high, at about 8 percent of the amount sent. In contrast, the cost with
electronic money, such as Bitcoin, is estimated to be about 1 percent (Goldman Sachs, 2014).
A blockchain based remittance system has already emerged in some economies. For instance,
in the Philippines and Kenya, blockchain based intermediaries offer money transfer services
via Bitcoin and subsequent conversion of Bitcoins back into fiat currency for withdrawal by
recipients through either their mobile phones or a bank account (IMF 2016).

IMF Working Paper - The Macroeconomics of De-Cashing

Should fees continue to rise as per @iamnotback's theory, Bitcoin would become such a settlement layer. I suspect there is more influence being exerted on the Bitcoin community from without than from within.
sr. member
Activity: 336
Merit: 265
Let's analyze John Nash's public and presentations activity to determine if could have been Satoshi Nakamoto.

@traincarswreck has pointed that removing "i am Nash" then remains 'sato' which is the most common name and 'koto' which means thing and is the national instrument in Japan, thus an implied meaning of Bitcoin is harmonious thing for the common people created by John Nash.

2001 NovPresented ideal money in Tampa, FL.
2002 AprPresented ideal money in Beijing, China.
2002 OctPresented ideal money in Gamble lecture at UMass.
2003 NovStarts research on Cooperation in Non-Cooperative Action in a Repeated Game Context (aka Agencies game theory research), for which I conjecture proof-of-work consensus is a specific case of incentives for agency cooperation wherein the Shapley value is a hashrate weighted Poisson process. He did some Mathematica programming.
This was presented at Penn State where he also presented his ideal money concept.
2004 AprPresented ideal money at Georgetown University in Washington D.C..
2004 Oct/NovUploads utility programs for transferring files to hosts on the Internet.
2005 JulUploads more secure utility program for transferring files to hosts on the Internet.
2006 AprPresented Agencies game theory at Lindau, Germany.
2006 AugPresented Agencies game theory at the University of Northern Iowa in Cedar Falls.
2007 FebContinuing his journey towards unifying quantum mechanics and Einstein's general relativity.
2007 FebPresented ideal money in India.
2007 JulPresented Agencies game theory at Stony Brook, Long Island.
2008 FebPresented ideal money at NYU.
2008 MayUploads Symantec AntiVirus (SAV) for servers.
2008 MayPresents his Agencies game theory research at ECCAD'08.
2008 May/JunPresented ideal money in Russia.
2008 AugPresented ideal money at Nobel Laureates Meeting in Lindau, Germany.
2008 SeptPresented ideal money at Fordham University in New York.
2010 FebPresented ideal money at "Campus for Finance" in Vallendar, Germany.
2010 OctPresented ideal money at Lafayette College in Easton, Pennsylvania.
2011 OctPresented ideal money in Hong Kong.
2012 AprPublished new results of research on Agencies game theory.

First notice the periods of relatively low or no public inactivity for Nash were from May 2004 to Feb 2006, and again Oct 2008 to Feb 2010. Also note how Nash shifted from ideal money focus before 2004 to Agencies game theory research focus and didn't return publicizing ideal money again until summer 2008 wherein he did it very intensively.

Note that Satoshi announced Bitcoin Oct. 31, 2008. And it is also noted that Satoshi basically stopped being involved as of of "mid-2010".

Add to this that Szabo (re-)published bit gold Dec 2005 which described how to make a Bitcoin, except Szabo hadn't solved the Agencies consensus game theory by employing the proof-of-work and had instead only offered Byzantine agreement (Szabo solved minting and greatest proof-of-work rule but not the Agencies consensus). Wei Dai had proposed in 1999 a flawed/inadequate solution to the Agencies game theory but which would hint as to how to combine with Szabo's design. So all Nash had to do was be aware of those and integrate it with his research on Agencies game theory and he would have easily seen the solution for Bitcoin. So it appears Nash was working very intensely on Bitcoin coding in 2006 and 2007, probably teaching himself to be proficient in C++.

This ability of Nash to combine the works of others in novel ways was noted by French mathematician Cedric Villani which @traincarswreck featured as a video in one of this blogs.

Satoshi often used British English and we should note that John Nash had previously left the USA and lived in the UK for many years. And the posting time of Satoshi (presuming he was sleeping when not posting) indicated he would be where Nash was located in the USA.

It all correlates well for Satoshi being Nash.
sr. member
Activity: 532
Merit: 251
I can barely read it.  You and Nash have blown my mind.  I can't remember seeing this.  Maybe I have but I forget for sure at least.

Let it be known...

Iamback reads sources. 
sr. member
Activity: 336
Merit: 265
sr. member
Activity: 336
Merit: 265
I find interesting that in 2010, John Nash was contemplating the implications of completeness being stated from a relativistic (i.e. partial order) instead of a total order perspective. This is a different way of thinking about everything including probably leading to a different way of thinking about gravity, space-time and Einstein's General Relativity, because instead of modeling the universe as if there is an total observer or totally complete model, we instead model the universe as an unbounded number partial orders each from the perspective of the observer (and clusters of observers), i.e. a fractal model of completeness. I had also been lately headed this similar direction with my TOE work. My interpretation above appears to be somewhat more abstracted/generalized (generative essence) than Nash's axiomatic mechanics conceptualization:

Nash obviously realized that his ICPI would be a problem that could lead to world empire context. He realized the flaw that any one standard of absolute value such as "kilogram" could become corrupted.

It is interesting to note that I had predicted Nash would come to the above conclusion in my upthread posts, before finding that hidden writing from him above on his personal web site.
sr. member
Activity: 532
Merit: 251
Ideal Money is an idea from the 50's if you think you can out think 70 years of nash you have no idea of his works.

Only 3 people in the world that could say this as Satoshi, I think szabo:

Quote
The price of any commodity tends to gravitate toward the production cost.
nash szabo or finney.
full member
Activity: 149
Merit: 103
Quote from: iamnotback
It is amazing to me that you would think that the elite who created Bitcoin can't afford competency. Boggles my mind that you would think Satoshi was some guy coding in his garage. The elite were aware of Nash's work decades before. They had plenty of time to prepare. They have access to $trillions and can afford the best that money can buy.

If the goverment or some other dark forces had created Bitcoin to maintain their centralized power over the global finance system (and the people), they would have done a huge disservice to themselves by promoting the idea of decentralized money to the people they want to govern. It must have been clear to them right off the start that altcoins will eventually emerge and improve on the flawed concept of Bitcoin.

So, no, I don't think that some evil group created Bitcoin, nor do I think that it is the work of a genius! It's rather the creation of some creative mind who just dared to combine the concepts of cryptography and game theory to build a novel distributed system. Basically, any computer scientist or cryptopunk with some basic knowledge of game theory and monetary system could have invented Bitcoin. However, most people, including high IQ-geniuses, tend to stay with what they know best and are reluctant to get inspiration from other fields of research. It's as simple as that.

Having glanced through 100s of research papers on Blockchain over the last half year, I'm consternated by the lack of creativity of most authors. Instead of exploring the whole design space (especially when it comes to incentives and game theory), they mostly just analyze current systems and suggest little improvements here and there. Aside from
some exceptions, it seems that most computer scientists are still reluctant (or ignorant) to incorporate game theoratical approaches into their systems.

To cite an old post by Vitalik:

Quote
Bitcoin "solves" the problems behind Byzantine fault tolerance, quorum systems, etc by completely ignoring the past 30 years of research on the topic, and introducing a very simple construction that bypasses all of the issues entirely by using the concept of proof of work. Don't get me wrong, Bitcoin is a brilliant idea, but it's the sort of brilliant idea which is actually more likely to come to you if you were NOT bogged down by existing research on how to do things. Satoshi's primary gift was not deep knowledge, it was a fresh perspective.
donator
Activity: 1722
Merit: 1036
sr. member
Activity: 336
Merit: 265
Makes sense but somehow alt coins would be related to different nation states based on cpi metric for supply.. thats why i was saying in his eyes he viewed ideal as in supply shifted based on growth of economy.

In that paper he was describing natural boundaries for currency regimes, but I don't think his conceptual point of competing standards of value which the people can freely judge is tied to nations. In fact, I think his point is that currencies would become supranational so that users could compare currencies not bounded/restricted by national regimes.

I think you are reading it too literally and not relating the underlying concept that he was shooting for which afaics is a free market on standards of monetary value.

You'll find that Nash was working his way towards this deeper level of understanding if you review the writings on his personal webpage. Pay special attention to the last paragraph where he realizes the ICPI is not good and needs to be discarded for a relative valuation system. The ICPI is analogous to Bitcoin and the altcoins would be the multiple currencies his is referring to there.

Quote from: John Nash
                Price Indexes in General

     Various states calculate some sort of a CPI or measure of the
"cost of living" for inhabitants of their territory. It is possible
that "globalization" and in general trends leading to more non-local
sources for basic needs like food and clothing will have the effect
of making CPI indices calculated in different states tend to become
concordant. Of course the effects of taxes can be very complicating
in relation to comparisons of distinct national CPI indices.

    It seems possible and not unlikely, however, that if two states
evolve towards having currencies or more stable value as measured
locally by national CPI indices that then also these distinct
currencies would tend to evolve towards more stable comparative
relations of value.

    Then the limiting or "asymptotic" result of such an evolutionary
trend would be in effect "ideal money" but this as a result achieved
without the adoption of anything like an ICPI index as a basis for
the standard of value.

Nash obviously realized that his ICPI would be a problem that could lead to world empire context. He realized the flaw that any one standard of absolute value such as "kilogram" could become corrupted.

It is interesting to note that I had predicted Nash would come to the above conclusion in my upthread posts, before finding that hidden writing from him above on his personal web site.

He outsmarted the global elite. Bitcoin is designed to launch many competing altcoins!

legendary
Activity: 2044
Merit: 1005
Where does Nash state that asymptotic ideal money is where there are multiple competing currencies at one time? Thats not at all what I vot from reading his stuff.

In the section called "currencies in competition":

Quote from: John Nash aka Satoshi
So here is the possibility of "asymptotically Ideal Money". Starting with the idea of value stabilization in relation to a domestic price index associated with the territory of one state, beyond that there is the natural and logical concept of internationally based comparisons.  The currencies being compared, like now the euro, the dollar, the yen, the pound, the swiss franc, the swedish kronor, etc. can be viewed with critical eyes by their users and by those who maybe have the option of whether or not or how to use one of them. This can lead to pressure for good quality and consequently for a lessened rate of inflationary deprecation in value.

So then you understand that Nash would have only made Bitcoin so that it could be forked and modified so there are many competing currencies which users can judge which one is the most stable and has the least corruption and manipulation.

Satoshi wanted altcoins.
Makes sense but somehow alt coins would be related to different nation states based on dpi metric for supply.. thats why i was saying in his eyes he viewed ideal as in supply shifted based on growth of economy.
sr. member
Activity: 336
Merit: 265
Where does Nash state that asymptotic ideal money is where there are multiple competing currencies at one time? Thats not at all what I vot from reading his stuff.

In the section called "currencies in competition":

So here is the possibility of "asymptotically Ideal Money". Starting with the idea of value stabilization in relation to a domestic price index associated with the territory of one state, beyond that there is the natural and logical concept of internationally based comparisons.  The currencies being compared, like now the euro, the dollar, the yen, the pound, the swiss franc, the swedish kronor, etc. can be viewed with critical eyes by their users and by those who maybe have the option of whether or not or how to use one of them. This can lead to pressure for good quality and consequently for a lessened rate of inflationary deprecation in value.

So then you understand that Nash would have only made Bitcoin so that it could be forked and modified so there are many competing currencies which users can judge which one is the most stable and has the least corruption and manipulation.

Satoshi wanted altcoins.
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