John Nash, Sound Money, and Bitcoin
Channel: Block Digest
Date: 2017-10-24

This is a discussion about Bitcoin and its place in the wider economy of the world, in the context of monetary policy and John Nash's theories of Ideal Money.

#John Nash's Sound Money Essay
http://sites.stat.psu.edu/~gjb6/nash/money.pdf

#John Nash discussing changing his dollars to francs
https://youtu.be/7Zb6_PZxxA0?t=12m9s

#A Documentary on Nash(timestamp is his fleeing to Europe)
https://youtu.be/oM1SflhJDoc?t=25m34s

More sources provided by Jal:
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Some annotations for Ideal Money: http://fermatslibrary.com/s/ideal-money-and-asymptotically-ideal-money
A Special Conjecture “Unbreakable Encryption”: John Nash's Letter to the NSA https://steemit.com/bitcoin/@jokerpravis/a-special-conjecture-unbreakable-encryption-john-nash-s-letter-to-the-nsa
Nash's decentralized computer system, "...the idea is to decentralize control...": https://www.rand.org/content/dam/rand/pubs/research_memoranda/2008/RM1361.pdf
The bargaining problem: http://www.eecs.harvard.edu/~parkes/cs286r/spring02/papers/nash50a.pdf
The original published version of Ideal Money: https://www.jstor.org/stable/1061553
The story of John Nash's works Ideal Money: https://steemit.com/bitcoin/@jokerpravis/20-years-ago-john-nash-re-defined-our-understanding-of-economics-again-and-we-still-don-t-realize-it
1:03:00 Paragraph discussed from Ideal Money: " In a large state like one of the "great democracies" it is reasonable to say that the people should be able, in principle, to decide on the form of a money (like a "public utility") that they should be served by, even though most of the actual volume of the use of the money would be out of the hands of the great majority of the people."
(relevant to 1:12:00) John Nash's response when asked about bitcoin: https://www.youtube.com/watch?v=NUyCO3FXHS4