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FluidFluxation's profile
Will 🗣️ 🌐
Will 🗣️ 🌐
Will  🗣️  🌐
@FluidFluxation

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Will  🗣️  🌐

@FluidFluxation

$I am‽ Generalist. Theorycraft.

Here, Now, Probably
Joined April 2011

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    1. Taylor Pearson‏Verified account @TaylorPearsonMe Feb 15

      1/ So I just did a bit of reading on John Nash and his notion of Ideal money and here's the summary of my current understanding.pic.twitter.com/SIHyuZiUDe

      2 replies 21 retweets 68 likes
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    2. Taylor Pearson‏Verified account @TaylorPearsonMe Feb 15

      2/ As I understand it, his basic argument is that there is a conflict of interest between the short-term domestic interests and long-term international objectives of a country currency being used as a world reserve currency

      2 replies 1 retweet 7 likes
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    3. Taylor Pearson‏Verified account @TaylorPearsonMe Feb 15

      3/ I didn't fully grok what the precise conflict of interest between short-term domestic and long-term international objectives was in Nash's view. I assume from this text it's basically about gov's ability to inflate away wealth.pic.twitter.com/ziVGNremOT

      1 reply 1 retweet 6 likes
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    4. Taylor Pearson‏Verified account @TaylorPearsonMe Feb 15

      4/ In the wake of the 2008 financial crisis of, the governor of the People's Bank of China explicitly named the reserve currency status of the US dollar as a contributing factor to global savings and investment imbalances that led to the crisis.

      2 replies 1 retweet 4 likes
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    5. Taylor Pearson‏Verified account @TaylorPearsonMe Feb 15

      5/ Nash's idea was that we should have some form of ideal money which was not under a single political entity's control

      2 replies 2 retweets 4 likes
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    6. Taylor Pearson‏Verified account @TaylorPearsonMe Feb 15

      6/ Gold was one option but unattractive for a few reasons:pic.twitter.com/DEeiw5jniS

      2 replies 1 retweet 3 likes
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      Will  🗣️  🌐‏ @FluidFluxation Feb 16
      Replying to @TaylorPearsonMe

      I believe that hyper-bitcoinization is a near inevitability. Still, interesting to view its adoption rate and game challenges in the lense of point (3). Even when it's sound, adopted and demonstrated, many may harbor bias formed via 2012-20 era FinMSM n such.

      12:54 AM - 16 Feb 2018
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      • Taylor Pearson
      0 replies 0 retweets 1 like

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