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michael_nielsen's profile
michael_nielsen
michael_nielsen
michael_nielsen
@michael_nielsen

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michael_nielsen

@michael_nielsen

Searching for the numinous. Co-purveyor of https://quantum.country/ 

San Francisco, CA
michaelnielsen.org
Joined July 2008

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    1. Simon DeDeo‏ @SimonDeDeo 13 Aug 2017
      • Report Tweet
      Replying to @SimonDeDeo @bankofengland @Bitcoin

      With BitCoin playing the role of Bank of England and a complex (yay) ecosystem of trading currencies on top, more or less backed by BTC.

      1 reply 0 retweets 0 likes
    2. Simon DeDeo‏ @SimonDeDeo 13 Aug 2017
      • Report Tweet
      Replying to @SimonDeDeo @bankofengland @Bitcoin

      Two lessons from this! First: huge potential innovation around the question of convertibility, arbitrage; can blockchains force conversion?

      1 reply 0 retweets 0 likes
    3. Simon DeDeo‏ @SimonDeDeo 13 Aug 2017
      • Report Tweet
      Replying to @SimonDeDeo @bankofengland @Bitcoin

      What happens if I trade BTC on a different chain? (Rather: what algorithms might make that question possible to ask?)

      1 reply 0 retweets 0 likes
    4. Simon DeDeo‏ @SimonDeDeo 13 Aug 2017
      • Report Tweet
      Replying to @SimonDeDeo @bankofengland @Bitcoin

      Second, and much simpler: coins that ICO in BTC would be crazy to sell to cash (as @TezosFoundation is right now).

      1 reply 0 retweets 0 likes
    5. Simon DeDeo‏ @SimonDeDeo 13 Aug 2017
      • Report Tweet
      Replying to @SimonDeDeo @bankofengland and

      Old school markets in the last week are literally treating BTC like CHF and gold—something we could have foreseen.

      1 reply 0 retweets 0 likes
    6. Simon DeDeo‏ @SimonDeDeo 13 Aug 2017
      • Report Tweet
      Replying to @SimonDeDeo @bankofengland and

      Coins that provide 2nd-order access to BTC will be higher up the chain: like BoE and London private banks. Further down the more "local"—

      1 reply 0 retweets 1 like
    7. Simon DeDeo‏ @SimonDeDeo 13 Aug 2017
      • Report Tweet
      Replying to @SimonDeDeo @bankofengland and

      culture-specific coins trading in more limited domains (but with the benefits to a user if more direct political and technological control).

      1 reply 0 retweets 1 like
    8. Simon DeDeo‏ @SimonDeDeo 13 Aug 2017
      • Report Tweet
      Replying to @SimonDeDeo @bankofengland and

      </rant> I know @michael_nielsen reads the Skidelsky biography of Keynes; our moment now similar to K in 1930s. What will happen next?

      1 reply 0 retweets 0 likes
    9. Simon DeDeo‏ @SimonDeDeo 13 Aug 2017
      • Report Tweet
      Replying to @SimonDeDeo @bankofengland and

      A role for fantastic maths that will enchant us!—but also a recognition that C20 monetary systems were exceptions to more interesting laws.

      1 reply 0 retweets 1 like
    10. michael_nielsen‏ @michael_nielsen 13 Aug 2017
      • Report Tweet
      Replying to @SimonDeDeo @bankofengland and

      This seems like a tiny taste to me: https://en.bitcoin.it/wiki/Dominant_Assurance_Contracts …

      1 reply 0 retweets 0 likes
      michael_nielsen‏ @michael_nielsen 13 Aug 2017
      • Report Tweet
      Replying to @michael_nielsen @SimonDeDeo and

      Money replaced by Turing-complete programmable, time-aware contracts with access to external oracles describing the world.

      9:15 PM - 13 Aug 2017
      1 reply 0 retweets 0 likes
        1. New conversation
        1. michael_nielsen‏ @michael_nielsen 13 Aug 2017
          • Report Tweet
          Replying to @michael_nielsen @SimonDeDeo and

          Dominant-assurance contracts, non-Abelian money, decentralized automated creation of new markets, etc etc etc...

          1 reply 0 retweets 1 like
        2. michael_nielsen‏ @michael_nielsen 13 Aug 2017
          • Report Tweet
          Replying to @michael_nielsen @SimonDeDeo and

          Easy to imagine a scripting language and REPL that provides a platform for the invention of new forms of contract, new clients, etc.

          1 reply 0 retweets 0 likes
        3. michael_nielsen‏ @michael_nielsen 13 Aug 2017
          • Report Tweet
          Replying to @michael_nielsen @SimonDeDeo and

          By new client, I mean both new currencies and also new contract-specific clients, which eg the implementation of DAC requires.

          0 replies 0 retweets 0 likes
          4. End of conversation

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