The "What is Money?" Show Was John Nash Satoshi Nakamoto? with Bryan Solstin (WiM528)
Nov 5, 2024
In this engaging discussion, Bryan Solstin, author of "Bitcoin and Nash Equilibrium," dives into the tantalizing question of whether John Nash was Satoshi Nakamoto. He explores how Nash's game theory principles align with Bitcoin's mechanics, particularly concepts like asymptotically ideal money and the digital double-spend problem. Solstin also shares insights into Nash's life, revealing parallels between his genius and that of Nakamoto, while addressing the philosophical implications of Bitcoin in reshaping economic paradigms.
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Asymptotically Ideal Money
- Asymptotically ideal money is a concept where a currency's inflation rate approaches zero over time.
- Bitcoin embodies this by halving its block reward every four years, ultimately reaching zero issuance in 2140.
Gradual Implementation
- Both John Nash and Satoshi Nakamoto advocated for gradual implementation of their ideas.
- They emphasized strengthening systems over time instead of rapid, potentially risky deployment.
Central Bank Bailouts
- John Nash and Satoshi Nakamoto criticized central bank bailouts.
- Nash referred to bailout proponents as "grand partners" whose political influence would be diminished by a sound monetary system.