Banksy and Satoshi Nakamoto creating and disrupting value — storing bitcoin with Cryptoart
Looking at the Work of Banksy and Satoshi there are loads of similarities. Commodification is a tricky thing for human society — converting money into commodities (economic goods, capital assets and economic units). Intangible Assets like Art or Digital Protocols used as a Medium of Account and Exchange like in Bitcoin ( fungible Token) or Art as an Un-fungible Token changes the Game. Commodity Money is information and for the users and masses, not abused from an Elite. Everybody is Banksy and Satoshi !
Starting with a Punk attitude , where anarchy as ideology is the bases to develop new art forms and cultural systems. For Banksy it was Graffiti, Hip-Hop Music, New Age Travelers as an influence for his statements — i guess it must have been the same for Satoshi in his development progressing and creating a Masterpiece. Banksy had to hide his identity in order to survive the establishment . Their way of criminalize new Ways in Society helped to hide the identity of those two geniuses . Criminal information create Criminal Cases. Here we are talking information to create criminal cases and responsibility . The way froward is for them two change the paradigm , therefore the information and the meaning, bearing, consequence, denotation, sense and intent . Further more importance, significance, relevance, prominence, signification, weight of Information and Data. Attaching importance and Value and take stock to bear a meaning in Art and Transactions in the digital age was describing the new reality . the industrial Matter of be of consequence anymore is losing significance over time . Before now( like todays past) and in the future we are living in an ever changing time . We can see the effect on us in Computers, Handy,…over the last few years. Surveillance Capitalism and so much more, what the governing bodies see as legal needs to change and be of prime importance for the relationships we have to care for. If it is our family , nature or water risk needs to be implied, but that is another matter. …
BTC is a Beautycontest.
No competition. The more people find BTC beautiful, the more the price and the anonymity of the users increase.
I think it's nice that this free, decentralized, limitless, censorship-resistant, public account book (protocol) will change our lives from the ground up.
Bitcoin is a platform that guarantees certain trust functions carefree. We will therefore implement trust applications with benefits that would not have been possible in the copy network. BTC is the value internet on which the properties of gold and FIAT money come together to create the hard money so that digital trading can take place. Price signals will not be manipulated in the future because Bitcoin will be a fixed unit of measurement such as meters, kilograms, feet, liters, ...
Since it is limited to approx. 21 million, we will not see bank inflation in the BTC economic area, but rather price inflation. This idea is represented by the Austrian economists.
It is nice that the BTC has a time anchor. A new block, i.e. the clock of our life, which measures our life time, is displayed approximately every 10 minutes. This means that the most important unit of time is used to create order out of chaos. The ultimate currency lifetime is measured in the time chain and charged with energy.
Everything in the world needs energy. Energy is used to create benefits as well as related values. Bitcoin is like a battery that stores energy and expresses wealth in the price signal. POW creates a lottery (chaos) with a lot of energy. BTC is network centered and programmed for survival. Coarse Coefficient is BTC due to its simple agreement at the protocol level limitless and friction-free. There are no coins, outputs and inputs are logged mathematically. The protocol doesn't care who, where, how or what you are. You are out and in on a distributed account book. With Bitcoin, there will be no spam on these platforms, since you have to pay for the use, i.e. energy is used when computing power is used to legitimate transactions and during execution.
BTC has no external borders, only qualifications. With open source and the voluntary nature of the developers, new skills and solutions can be born. BTC protocol is language, a means of exchange and report / description and cannot be restricted. Censorship restricts how centrally controlled organizations change agreements and create power relations with the high-end slave architecture that we citizens no longer want.
With Bitcoin, we have an electoral system that will also bring about direct democracy. Your data, nation, health care, civil registry, land register, ... are to be managed independently.
Ownership is clear to you, so is the risk. No third party can be blamed for this because, among other things, they have no power and access to the values you control.
BTC as beauty choice no. 2
At the moment we are evaluating BTC. Therefore also this volatility = the fluctuation margin of an underlying asset/ standard deviation of the change. Since we don’t have any standard values for Bitcoin yet, there can be no measure of risk. A risk measure for a value that creates its own market and does not really compete with the old one. Then there is only information about the fluctuation range of an underlying asset; but no information about the distribution function of the price fluctuations — since, as mentioned above, has no underlying asset, I am left in the dark and amazed. Since we are talking about game theory, the distribution function is important. The distribution function is a real function of stochastics and central concept in the study of probability distribution on the real numbers. Stochastics is the art of conjecture or guessing and a branch of mathematics and combines probability theory and mathematical statics.
Stochastic are events and results which do not always, sometimes only sometimes occur when repeating the same finite process and whose occurrence cannot be predicted for the individual case. Game theory uses mathematics to analyze the systems of several actors (players, agents, participants). Thus, among other things, rational decision-making behaviour in social conflict situations is derived. As soon as the actors do not know the complete situation and have complete information, the game strategy is chosen based on their assumptions.
For example, the battle of the sexes is a coordination game with a conflict of distribution. 2 players want to spend the evening together, but forget to agree on the location. Possible is a soccer game or concert. Both players have to decide independently. Soccer for the man and concert for the woman is preferred. If the woman goes to a soccer game, that would be the best answer for the man to go there. The same applies the other way around. So we have a nash balance. So 2 Nash equilibria NGG = (soccer, soccer) (concert, concert). Because there is no dominant strategy we have a problem in this game. As soon as both choose the favourite alternative at the same time, there is no meeting. They would rather go to the place the other one prefers — the main thing is that they are together. But if both think like that and meet the other, they won’t meet again.
When balance in mixed strategies in finite games may have a Nash balance. The problem solution is randomization (dice, heads or tails,…) It is decided at random whether it goes to the football or concert.
Strategy is a complete plan of action before the game. The term mixed strategy is used in game theory as a generalization of the term (pure) strategy. In mixed strategy, the player does not make a direct decision, but chooses a random mechanism that determines a pure strategy. This decision is random for a concrete plan of action and is indirectly subject to strategic considerations as far as the player has taken them into account when choosing the random mechanism. Mathematically a mixed strategy is characterized by a probability distribution over the pure strategies.
The transition from a game in which only pure strategies are considered to a game in which mixed strategies are allowed is also called a mixed expansion. In some normal form games there is no Nash equilibrium in the area of pure strategies. This means that there is no strategy combination from which no single player can gain an advantage for shallowly by changing his strategy alone. However, every finite game has a Nash equilibrium in mixed strategies. A Nash equilibrium in mixed strategies therefore consists of a mixed strategy for each player, with the characteristic that the mixed strategy of each player is the best answer to the mixed strategies of the other players.
Nash equilibrium (NGG or NGGW) is a central concept in game theory. It describes a combination of strategies in non-cooperative games, where each player chooses exactly one strategy, from which it makes no sense for any player to be the only one to deviate from his chosen strategy. In a Nash equilibrium, each player agrees with his strategy choice afterwards, he will choose the same strategy again. The strategies of the players are therefore mutually best answers. The NGG is an elementary solution concept of game theory. Definition Proof of Existence of NGG are based on the 150 dissertation of the mathematician Jon Fo. The NGG is of central importance in economic fields such as microeconomics, in the division of goods and pricing.
It is based on the following idea of all possible combinations that contain a strategy for each player. Such strategy combinations are called NGG, if it can be assumed to have a certain stability, due to the fact that no single player has an incentive to deviate from his strategy. Formally, this means that the payout to the player who changes his strategy may not increase due to this change. In this case, it does not pay off for any player to change strategy. That is what this means: I’m doing the best I can, considering what you’re doing, you’re doing, considering what I’m doing, the best you can do. Dominant strategies — player does what is best for him. Pure strategies — Player makes a very specific decision. Mixed Strategies — Player makes a random choice between 2 or more possible actions (of the pure strategies), but with certain probabilities for the pure strategies.
The prediction is a measure of the uncertainty of future events and a measure of the degree of personal conviction (Bayesian concept of probability), thus ultimately an extension of the logic of the statement.
Since the dollar, euro is isolated from the rest of the world and the majority of people are without a bank. Therefore, disenfranchised and deprived of the right to vote, citizenship, voting rights, immunity, privilege and privacy. I ask myself the question which government and organization feels threatened by the idea that people have control and power over their own money. Government who feel threatened here, feel threatened by the rebirth of the Enlightenment, freedom of association, expression, language, trade and transport (commerce). Bitcoin, with its fundamental, evolutionary character of decentralization and free choice, allows new doctrines and anarchist habitats to grow. The benefit of guaranteeing trust functions and thus taking trust out of transactions allows to build various applications. Especially important is the trust application of privacy and freedom. The creation of a cyclical economic space without borders, which understands the BTC represents first-class real estate and gives optimized value storage.
Finally, the ShellingPoint (best known meeting point) where we meet is this one strategy — HODL. We meet at the Meme Bitcoin, the decision making is easy and is called buy and hold BTC. As soon as the critical mass is reached, the volatility will be stable, without hopefully being manipulated like the gold price with its certificates. …
Von Zentral zu mehr dezentralen Strukturen.
Zentrale Strukturen sind heute allgegenwärtig. Nahezu alle Systeme, in denen wir uns bewegen oder die uns umgeben, basieren auf zentralen Strukturen. Sei es im Finanzwesen, in der Informationskultur ( nachlassend), in den Medien oder in allen anderen Bereichen. Eine Aufzählung wäre unnötig, da fast unser gesamtes Leben, insbesondere unser Wirtschaftsorganismus, auf Zentralität angelegt ist.
Nun, natürlich lebt die Menschheit immer noch nicht in zentralen Strukturen, Ballungsräume und Metropolen sind eine moderne, seit vielen Jahren stetig fortschreitende Entwicklung. Nun scheint es, dass sich die komplexe Welt ständig in diese Richtung orientiert und dass wir uns zwangsläufig auch in diese Richtung entwickeln. Wir kommen jedoch aus einer Vergangenheit, in der das Leben dezentral organisiert war. Diese dezentralen Strukturen haben sich mit der Zeit verbunden und wurden schliesslich “von oben” zentralisiert. Könige, Regierungen,…Übrig geblieben sind Trennung von Familien. Die Famlienstrukturen wurden in kleine Schritten zersplittert.Einfluss des Staates und die Entmündigung des Einzelnen ist das Ziel . Altersheime und Kinderheimstätten — Reservate der Gesellschaft und Spezialiesierungen unserer Arbeit , Verkauf der Arbeitszeit und nicht des Nutzens haben Monokulturen geschaffen. …