(IJCH) Something To Ponder - Isn't It Ironic? (Cryptocurrency, Game Theory, and John F. Nash, Jr.)
(IJCH) Something To Ponder - Isn't It Ironic? (Cryptocurrency, Game Theory, and John F. Nash, Jr.)
IJCH - Inside JaiChai's Head (meaning: My warped, personal opinions and musings)
From the Author:
Salutations.
I am JaiChai.
And if I haven't had the pleasure of meeting you before, I'm delighted to make your acquaintance now.
If it wasn't for Game Theory, we wouldn't have Cryptocurrency!
All consensus mechanisms are governed by cryptographic algorithms that are based on Game Theory.
Game theory is "the study of mathematical models of conflict and cooperation between intelligent rational decision-makers".
Blockchain validation comes about from PoW (Proof of Work - Bitcoin), PoS (Proof of Stake - soon for Ethereum), DPos (Delegated Proof of Stake - EOS or Dynamic Proof of Stake -Cardano ) or DAGs (Direct Acyclic Graphs - Iota), but they all depend on cryptography - which is built with the mathematical models of game theory.
John Forbes Nash, Jr.
John F. Nash, Jr. (June 13, 1928 – May 23, 2015) was an American Mathematician who made huge contributions to game theory (the acclaimed Nash Equilibrium), differential geometry, and the study of partial differential equations.
In spite of battling paranoid schizophrenia and spending many years in and out of psychiatric hospitals, he became the only person to win the Nobel Memorial Prize in Economics AND the Abel Prize (a Norwegian prize awarded annually by the Government of Norway to one or more outstanding mathematicians).
His struggles with his illness and his recovery became the basis for Sylvia Nasar's biography, A Beautiful Mind, as well as a film of the same name starring Russell Crowe as Nash
Isn't It Ironic?
By JaiChai
(This: post contains excerpts from: https://steemit.com/cryptocurrency/@jaichai/ijch-the-russian-quantum-secure-protocol-innovative-yes-but-more-important-blockchain-issues-are-yet-to-be-solved)
Thanks for stopping by.
About the Author
Believing that school was too boring, he dropped out of High School early; only to earn an AA, BS and MBA in less than 4 years much later in life – while working full-time as a Navy/Marine Corps Medic.
In spite of a fear of heights and deep water, he performed high altitude, free-fall parachute jumps and hazardous diving ops in deep, open ocean water.
After 24 years of active duty, he retired in Asia.
Since then, he's been a full-time, single papa and actively pursuing his varied passions (Writing, Disruptive Technology, Computer Science and Cryptocurrency - plus more hobbies too boring or bizarre for most folk).
He lives on an island paradise with his teenage daughter, longtime girlfriend and three dogs.
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