TD₿: Ideal Money and Asymptotically Ideal Money (a lecture) by John F. Nash Jr.
TL;DR The ideal money would be free of inflation and function as a standard measurement like a watt, hour, or a degree of temperature.
Hey Bitcoiners,
There are days like today when I am flooded with gratefulness to just be alive during this time to witness a new monetary standard emerge.
We are so lucky to be alive and witness the transition to a money that better holds its value over time and space.
There are famous figures from the past that surely would have loved to see the adoption of Bitcoin. Many times I see bitcoiners share quotes from historical figures that you just know they would have been for the cause.
One such figure is famous mathematician John F. Nash Jr. who made fundamental contributions to the fields of game theory and complex systems.
In this lecture, John touches on the points made in his paper, “Ideal Money”, on why inflation and Keynesian economics are short-sighted and destabilizing to international currencies.
It’s our job as bitcoiners to continue to advocate for the benefits of ideal money (Bitcoin) and to carry on the legacy of people like John F. Nash Jr.
It serves as a reminder that the Bitcoin movement began long before the Genesis block.
Tick tock next block,
Cory Klippsten
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Quote of the Day
“Inflation is a quiet but effective way for the government to transfer resources from the people to the government itself, without raising taxes.” - Thomas Sowell, Economist.
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