This article eventually answers its own rhetorical question in the positive, i.e., that Bitcoin indeed arose as a result of the Nash program. The justification for this is based on circumstantial reasoning around the Nash program and the separation of cooperative and non-cooperative games and the purpose of an “Ideal Money” creating transferable utility in… Continue reading Did Bitcoin Arise from the “Nash Program”?
This analysis extends previous rudimentary work on the absence of a third party in the core Bitcoin system representing Independence of Irrelevant Alternatives (IIA) in the proof-of-work Bitcoin uses to determine the majority decision of its chain. In addressing transaction settlement, this is how the Bitcoin system design is described: “A purely peer-to-peer version of electronic cash would allow… Continue reading Further Analysis on “Independence of Irrelevant Alternatives” as a Bitcoin Design Axiom
John Nash’s game theory was based on John’s belief the proper route of travel to the ultimate truth can only be reached through experimental economics in relation to games played by human players. Nash’s original bargaining solution which was published in 1950, was an axiomatic solution of idealizations determining a non-zero sum outcome among two… Continue reading The Nash Institute: A New Policy Forum on the Block