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Bryan Solstin
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I run a Bitcoin Knots node. Bitcoin is Ideal Money. Better than sound money. Everything else is spam.
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Solstin 9 months ago
Science strives selflessly for truth. Bitcoin will be an equilibrium of truth.
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Solstin 9 months ago
A Faustian bargain in banking involves central banks and major financial institutions that rely on artificially low interest rates and inflation to sustain short-term economic growth—at the cost of long-term financial instability, wealth centralization, and environmental destruction.
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Solstin 9 months ago
Another Strong Nash-Nakamoto connection: Gold mining a is waste but foundational for the stability of long-term contracts. “Gold mining is a waste, but that waste is far less than the value of having gold available as a medium of exchange.” Satoshi’s post on gold and scarcity (August 2010, BitcoinTalk) Implication: If Bitcoin behaves like gold, it could serve as a reliable medium for long-term agreements. “My point is simply that good reliability of the estimates of the future value of a currency, a ‘medium of exchange’, is favorable for the formation of contracts of a business-related variety.” John Nash discussed this concept during his lecture titled “Ideal Money and the Motivation of Savings and Thrift” at the 4th Lindau Meeting on Economic Sciences in 2011. "To have the better sort of a money in use (combined also, perhaps, with a good culture of procedures of law and justice...) will naturally tend to favor economic progress and, in the long run, higher living standards for the human population." John Nash’s presentation titled “Ideal Money and Asymptotically Ideal Money.” This presentation was part of the Campus for Finance conference held in 2010 “Reestablishing a gold standard is not feasible, said Nash. The reasons for this revolve around the negative psychology around the mining of gold, despite advancements with cyanide mining techniques. Another factor is the psychology that hoarding gold in one location – Fort Knox – is a waste of labor.” John Nash, “Nobel Laureate economist Nash addresses full house”, By Scott Eldridge II, Collegian Staff, October 25, 2002,
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Solstin 9 months ago
1971 Nixon closed the gold window. 2025 March 7 Trump created a Bitcoin window. 20?? When USD pegs to Sats, the Bitcoin window will open. The Bitcoin Equilibrium emerge. The velocity of value will accelerate to inconceivable movement. The commodity-based monetary system will incentivize unimaginable abundance.
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Solstin 10 months ago
Bitcoiners know it’s time to: Audit central banks. End KYC. Tax fiat, and Tax other centralized money 2%. Zero-tax Bitcoin.
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Solstin 10 months ago
If Satoshi Nakamoto were merely a cryptographer or programmer, why include poker-related mechanics? The fact that both Nash and the Bitcoin code reference poker in similar strategic contexts is not something that can be easily dismissed as coincidence. If Nash were involved in Bitcoin’s creation, this would be a signature fingerprint embedded in the system.
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Solstin 10 months ago
Another smoking gun. Nash references Merkel at 14:44. Merkle Trees in Bitcoin enables Efficient Transaction Verification. Instead of downloading an entire block, nodes can verify a specific transaction by checking only a small portion of the Merkle tree. image
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Solstin 11 months ago
A debt-based monetary system incentivize debt. A commodity-based monetary system incentivizes abundance.
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Solstin 11 months ago
John Nash’s groundbreaking, dissertation “NON-COOPERATVE GAMES” laid the foundation for what would later be known as the Nash Equilibrium, a cornerstone of modern game theory. This work earned Nash the Nobel Prize in Economic Sciences and provided a mathematical explanation for Adam Smith’s concept of the “invisible hand.” Nash’s seminal paper, Non-Cooperative Games, became increasingly influential—even during his 25-year struggle with paranoid schizophrenia. Remarkably, Nash recovered in 1983 and went on to contribute after his recovery. In 2002, he published Ideal Money, that assumed political cooperation, but lectured on a decentralized money concept he titled Asymptotically Ideal Money. Tragically, John Nash and his wife died in a taxi accident while returning home, after receiving the 2015 Abel Prize, awarded by the Norwegian Academy of Science and Letters. Coincidentally, Satoshi Nakamoto, the pseudonymous creator of Bitcoin, made his last public post in 2014. You’ll find another smoking gun in Nash’s NON-COOPERATIVE GAMES. Note the phrase, “a simplified three person poker game.” And in Nakamoto’s 2009 Bitcoin code, he remarked: // We need to write a new protocol for clients to notify about // transactions that won't fit in a block. This is useful for // things like poker where one party might want proof that // a transaction was sent before proceeding with the game. Read Nash’s 1951 NON-COOPERATVE GAMES. https://gwern.net/doc/statistics/decision/1951-nash.pdf
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Solstin 1 year ago
1974: Cerf and Kahn Describe an Internet Protocol #AES #Bitcoin §68 Their paper describes sharing resources using packet switching among network nodes. Later known as Transmission Control Protocol. TCP broke into a modular architecture consisting of the TCP and IP, or Internet Protocol. This later became known as TCP/IP and is attributed to accelerating the velocity of data more than one thousand times and the cost of delivery approaching near zero. Digital transformation has and will continue to deflate the costs for education, medicine, legal, and all human endeavors.
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Solstin 1 year ago
#AES #Bitcoin §65 1957 SEP 19: Eight Engineers Defected… From Fairchild Semiconductor, created their own startup, and pioneered integrated circuits. Simple at first, but the integrated circuits grew in complexity. In the fast-growing Silicon Valley, John Moore observed computing power doubling every eighteen to twenty-four months. The phenomenon later became known as Moore’s Law, and it is still happening. Knowledge is growing exponentially. We are approaching some kind of singularity.
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Solstin 1 year ago
DIGITAL TRANSFORMATION IS DEFLATIONARY AND ACCELERATING #AES #Bitcoin §64 A commodity-based monetary system would reflect commonwealth productivity gains. Wages would track productivity gains instead of fiat grifting productivity gains with inflation. With Booth-deflationary forces, including technology, microprocessors, digital transformation, robotics, and AI…the cost of living should be going down.
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Solstin 1 year ago
Circulation of Second-Layer, Asymptotically Ideal Money #AES #Bitcoin §63 The network effect is not limited to money. I agree with Jason Lowery’s generalization: “ALL bits of information.” The 2008 decentralizing innovation solved the digital double-spend problem without an intermediary. Not just high-velocity value. The peaceful revolution will also decentralize high-velocity data. Censorship-resistant value and censorship-resistant data will punch holes into the Great Firewall of China.
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Solstin 1 year ago
John Law vs. John Nash #AES #Bitcoin §62 John Law set up the first central bank in France. He claimed, “Trade depends on the circulation of credit.” It works, but expect a hangover.
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Solstin 1 year ago
Network Effect #AES #Bitcoin §61 It is a phenomenon and a wonder. Understanding network effects can be the difference between becoming a sovereign individual or remaining part of the herd. Your alignment with a network effect may provide exponential productivity.