My works in regard to the Nashian Orientation of Bitcoin has two paths to traverse-the simpler explanation and the more complex. The former is 6 essays ( Home · jalToorey/IdealMoney Wiki · GitHub ):
Introduction to Ideal Money and the Value Thereof
Summary
This introduction begins to define what an Ideal Money scenario refers to which is the (re-)levation of a politically held global standard for money comparison. Furthermore, using Nick Szabo’s formalization of Adam Smith, it introduces the formalization of the efficiency gains from such a global setting as well as highlights the natural and favorable effects of a global money standard on long term contract formation.
The ICPI and Bitcoin as an Ideal Money Basis
Summary
This writing explains the purpose of invoking the concept of what Nash calls the ICPI and dispels the misconceptions of it perpetuated by those notably including Adam Back, George Selgin, and Saifedean Ammous. The concept of the ICPI as an extension of a gold standard helps us philosophically paint the concept of a vector of quality for money that is otherwise difficulty to describe or point to in dialogue. It is from this philosophical view that we are able to derive an implementable path to Ideal Money.
Hal Finney’s Theory of Bitcoin Backed Banks
Summary
This writing explores the reference Hal Finney made to George Selgin which lead Finney to his theory of Bitcoin Backed Banks. It also introduces new lexicon into the crypto-community in order for people to better understand and reference Hal’s extension of Selgin’s work. This framework is helpful for not only understanding the nature of the evolving digital money realm that Satoshi birthed but also for understanding how digital money might affect our legacy currency systems. It is often thought that the lightning network innovation precludes the theory of bitcoin backed banks-this writing argues otherwise.
The Theory of Bitcoin Backed Central Banks
Summary
This writing explores the early limitations implicit in bitcoin’s code and why they might exist. It then extends the theory of bitcoin backed banks to observations on how central banking might evolve in a world where bitcoin plays a significant high value settlement role in the global economy.
The Nashian Orientation of Bitcoin: A Theory of Bitcoin and Money
Summary
This writing extends Nick Szabo’s theory of ‘collectibles’ and their quality of ‘unforgeable costliness’ and compares this quality of a money to the vector of quality Nash highlights with his ICPI concept. From this viewpoint and comparison we can understand how bitcoin might be ideally suited to play the role of quality comparator for existing major currencies.
Ergo, Bitcoin is Nash’s Ideal Money
Summary
In conclusion, this writing extends Nick Szabo’s bitgold concept to Satoshi’s bitgold implementation through a basic process control solution and shows how this solution and implementation match the formal definition of Nash’s (asymptotically) Ideal Money.
The latter is 15 essays and far more in depth and complex as it demonstrates a technique for traversing complex socially held inter-subjective truths (using a tool I dubbed “Szabonian Deconstruction”):
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Of The Fatal Inconsistencies In Saifedean Ammous’ Bitcoin Standard
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On Cantillon and the Szabonian Deconstruction of the Cantillon Effect
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Understanding Hayek Via Our Szabonian Deconstruction of Cantillon
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Our Tool for Szabonian Deconstruction of Highly Evolved Religions
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On the Szabonian Metaphorical Framework For Objectively Traversing the Complex History of Mankind
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On The Re‐Solution of Central Banking and Hayekian Landscapes
Here I read the 15 numerated essays aloud posted on X: https://x.com/Soaker_Patoshi/status/1956163331917582720
And the same playlist on youtube: https://www.youtube.com/playlist?list=PL_VzRSPfA1fvllWWum1lU-EqBXt1kCqSk