Sunday, January 21, 2018

Consider the set of markets that claim infinite consistency

Religious philosophers and central banks.

Now consider the class of consistency protocols for multi-access, and blockchain extended indefinitely comes to mind. There is only one application for blockchain coin out to infinity, hedging central banks.  This is equivalent to their being a necessity of infinite window size for FX transfers without sphere packing. We get the definition of bitcoin, the indefinite consistency check on central banks.

Otherwise, all the real coins will be bet into issuance.  And, in the long run, this applies to central banking. We conserve coin, but the finite residuals sit around as bearer cash, it is the marginal gas for the economy.

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