Comments on: Bitcoin needs a quantum theory of money

By: Martin A. Hay

Martin A. Hay — Tue, 18 Aug 2015 06:50:21 +0000

I have invented such a system, called a chiralkine system. Prototype code is available for people to see. The system is the subject of an article in CryptoBiz Magazine. The system is controlled mathematically by unitary quaternions, which can represent entangled states and thus can retain a memory of relationships throughout cycles of exchange.

By: David Orrell

David Orrell — Mon, 17 Aug 2015 18:03:48 +0000

Main take-home message is that money is not an inert medium of exchange, it is an active substance whose behavior has profound effects on the economy. This means its dynamics have to be taken into account when you try to predict the economy. Most economic models, such as the DSGE models favored by policy makers and economists, have no banking or financial sector. As economists such as Steve Keen and Andrew Haldane have pointed out, this is a major reason why the financial crisis was not predicted (or avoided).

By: Claudio Migliore

Claudio Migliore — Mon, 17 Aug 2015 14:13:33 +0000

Interesting parallel. Quantum physics got us atomic energy and electronics. Maybe soon nanotech. It remains to be seen if the parallel can be taken beyond coffee talk and yield usable insights that generate wealth and welfare.
Reminds me of Hari Seldon, who out of analogy the with physics of gases, will get us Psychohistory… in at least twelve thousand years.