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The Semantic Retreat from Bitcoin Agency

Jon Gulson
Jun 17 · 5 min read

Syntax and Semantics

Modern logic is a dichotomy, with the syntactical aspect formally aloof in providing rules, proofs, quantifiers, variables, recursions, constants etc — such that reality doesn’t care to how this logic is applied.

The Prudential Reasoning

Nietzsche believed the diachronic identity to be logical, but like objects, a fabrication also, since he observed objects as convenient fictions constructed out of properties put together to satisfy a perspective.

Francis Fukuyama — The End of History and the Last Man (1992), drew on Nietzsche in predicting Trump: God may be dead, but we’ve not replaced Him yet - becoming prone to rakish political rhetoric instead.

Good and Bad Money

To a general audience, the bivalence of a good and bad money would lay in the purchasing power of each, which in all likelihood translates to mean how susceptible that money is to inflation.

Influences on Bitcoin

Nick Szabo’s bit gold, an unimplemented forerunner of Bitcoin, and John Nash’s theoretical Ideal Money, claim regard in holding similarities to [Bitcoin].

Bundle Theory and the Electronic Peer to Peer Cash System

This subtle shift in “ideal” moves toward inter-relational stability, but indeed this is not ultra “modern” in itself: Keynes worked toward such notions, even if the current method of internal balance targeting (inflation) is vogue and exchange rates float freely against each other.

The Semantic Limitations on “Scaling”

This expression [of market value] is where the semantic retreat finds context: Bitcoin is generally seen as a stand alone system by both advocates and detractors:

Agency in Settlement

The complete social contract would be free of translation, interpretation and enforcement problems — resolving on the macro level hold up arising from currencies competing on a non-cooperative basis:

Coinmonks

Coinmonks is a technology-focused publication embracing decentralize technologies. We are Non-profit and education is our core value. Learn, Build and thrive. Our other project— https://coinmonks.com, https://cryptofi.co, https://coincodecap.com

Jon Gulson

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Contributions in game theory, money quality, and trust.

Coinmonks

Coinmonks

Coinmonks is a technology-focused publication embracing decentralize technologies. We are Non-profit and education is our core value. Learn, Build and thrive. Our other project— https://coinmonks.com, https://cryptofi.co, https://coincodecap.com