A world in which centrally banked money is optimally managed is comparable to a world in which bitcoin is effectively global legal tender, and a world in which all central banks value stabilize versus bitcoin. Each scenario is an expression of Ideal Money
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When you spend time with the problem you realize such a result is "good enough" and its not impossible to design and implement whereas stablecoin's are because we cannot otherwise measure "value" hence my observation which you seem to understand to some extent:pic.twitter.com/UDKHzmiMxb
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But you should want to ask "WHY is it a good enough result?" I have only opened you up to this observation, if you can confirm its truth, you will see what I see in Nash's proposal for global international stability of our major currencies.
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which of your many Medium blog posts is best to delve deeper into this thesis of yours?
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@MishaGuttentag These four articles. - 4 more replies
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And yes, game theory, it is the great equilibrium.
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I believe in free markets. If anyone wants to issue a private currency - there should be nothing to stop him. In fact, Bitcoin makes it impossible to prevent someone from issuing his own currencies.
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