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RE: Blockchain Technology Potential (Series 1) – A Review of a Recent PAYPAL CryptoCurrency Patent Filing and What It Means for the Future of the Technology
I see you have really valuable information. So we need to make sure this information gets to the people our there.
I have no stake in manipulating markets. I have no position long or short in cryptocurrency. My educational claim can be partially verified by noting that I use a University of Chicago email address on IDEAFARM.COM. (You can also pay UChicago to verify that I was awarded an A.M. degree in 1981.) I am just beginning to get my feet wet with both Steemit and cryptocurrency, having bought a hardware wallet a month or so ago. My dissertation was a mathematical study of a world that contained one producible capital asset (plant and equipment) and one nonproducible capital asset. At the time, this was innovative; I have no idea whether anyone else has done it. In my work, I interpreted the nonproducible asset as alternatively oil, dollars, and long term government debt. If written today, I wouild add cryptocurrency as the fourth interpretation. My life got busy and I never made time to publish the work or to do the next project, which was to generalize the model to allow for multiple nonproducible capital assets. So, you see, I've been thinking mathematically about what determines the price of a cryptocurrency asset since March of 1980, and for all of the years since then I've wanted to look at a market with multiple such assets but have never had the time to do the math to study it rigorously. That is exactly the analytical problem that today's crypocurrency emergence presents. I haven't done the math, but I've been thinking about this problem longer than anyone else on the planet, AFAIK.
I will do what I can to explain these ideas here and to present my credentials so that they can be verified. Perhaps, in the next few days or weeks, I can make time to do some rigorous mathematical analysis and present it here. What you can do to help is contact practicing economists, such as your old professor, and ask them to take a look at what I will post here on steemit and then post their opinions regarding merits.
I just came to steemit a few days ago and really don't understand how all of this works yet, so I suppose I'm not even a "minnow" yet in that I don't know even the basics of how to attract followers here.