Let $f(x) = (x-1) \large\prod_\limits{n=1}^{\infty} \dfrac{2}{x^{2^{-n}} + 1} $
For real $x > 0$ it is easy to show that $f(x^2) = 2 f(x)$.
Let $a$ be a real number.
Question 1
Show that for real $x>0$ and real $a$ We have
$f(x^a) = a f(x)$
Question 2
Show that for positive real $x,y$
$f(x y) = f(x) + f(y)$
Question 3
Show that $f(x)$ is $C^{\infty}$ for positive real $x$.
Question 4
Show that $f(2)= \ln(2)$.
Let $z$ be a complex number.
Question 5
Where does $f(z)$ converge ?
And when it converges does it equal the Natural logarithm with the usual branches ?
It seems we have poles on the unit circle by the definition ( no analytic continuation ).
So it seems not to converge for $z$ with negative real part or close to the unit circle ??
I found this product at the tetration forum.
Edit : it might seem inevitable to some that a function satisfying $f(x^2) = 2 f(x) $ could not be the logarithm. But that is the case , hence these questions.
See for instance
For real $x > 0$ and $a\in \mathbb{R}$ the convention that $x^a$ denotes $\exp(a\log x)$, where $\log \colon (0,+\infty) \to \mathbb{R}$ is the inverse of the exponential function $\exp \colon \mathbb{R}\to \mathbb{R}$ is so strong that any other interpretation needs to be explicitly announced. Hence we can assume that without further ado.
Looking at the partial products
$$f_N(x) = (x-1)\prod_{n = 1}^N \frac{2}{x^{2^{-n}}+1},\tag{1}$$
we see that $f_N(1) = 0$ for all $N$, and therefore $f(1) = 0$. For $x\neq 1$, we multiply the partial product with a helpful representation of $1$, namely $1 = \dfrac{x^{2^{-N}}-1}{x^{2^{-N}}-1}$. Noting that
$$\bigl(x^{2^{-k}}-1\bigr) \bigl(x^{2^{-k}}+1\bigr) = x^{2^{-(k-1)}}-1$$
for all $k\in \mathbb{Z}$, we see that the partial product telescopes,
\begin{align} f_N(x) &= (x-1)\prod_{n = 1}^N \frac{2}{x^{2^{-n}}+1}\\ &= \bigl(x^{2^{-N}}-1\bigr)(x-1)\frac{1}{x^{2^{-N}}-1} \prod_{n = 1}^{N} \frac{2}{x^{2^{-n}}+1}\\ &= \bigl(x^{2^{-N}}-1\bigr)(x-1)\frac{1}{x^{2^{-N}}-1}\frac{2}{x^{2^{-N}}+1} \prod_{n = 1}^{N-1} \frac{2}{x^{2^{-n}}+1}\\ &= 2\bigl(x^{2^{-N}}-1\bigr)(x-1)\frac{1}{x^{2^{-(N-1)}}-1}\prod_{n = 1}^{N-1} \frac{2}{x^{2^{-n}}+1}\\ &= 2^2\bigl(x^{2^{-N}}-1\bigr)(x-1)\frac{1}{x^{2^{-(N-1)}}-1}\frac{1}{x^{2^{-(N-1)}}+1} \prod_{n = 1}^{N-2} \frac{2}{x^{2^{-n}}+1}\\ &= 2^2\bigl(x^{2^{-N}}-1\bigr)(x-1)\frac{1}{x^{2^{-(N-2)}}-1}\prod_{n = 1}^{N-2} \frac{2}{x^{2^{-n}}+1}\\ &= \dotsc\\ &= 2^k\bigl(x^{2^{-N}}-1\bigr)(x-1)\frac{1}{x^{2^{-(N-k)}}-1}\prod_{n = 1}^{N-k} \frac{2}{x^{2^{-n}}+1}\\ &= \dotsc\\ &= 2^N \bigl(x^{2^{-N}}-1\bigr)(x-1)\frac{1}{x^{2^{-(N-N)}}-1}\prod_{n = 1}^{N-N} \frac{2}{x^{2^{-n}}+1}\\ &= 2^N\bigl(x^{2^{-N}}-1\bigr)(x-1)\frac{1}{x-1}\\ &= 2^N\bigl(x^{2^{-N}}-1\bigr). \end{align}
Now writing $x^{2^{-N}} = \exp \bigl( 2^{-N}\log x\bigr)$ we find
$$\lim_{N\to \infty} f_N(x) = \log x$$
from familiar properties of the exponential function. Thus $f(x) = \log x$ for all $x \in (0,+\infty)$, and the answers to questions 1 to 4 are immediate from the known properties of the logarithm.
For complex arguments, not much changes, but we no longer have a canonical branch of the logarithm to interpret $x^a = \exp(a\log x)$, thus we must make a choice. If for $x \in \mathbb{C}\setminus \{0,1\}$ we always use the same logarithm of $x$ to compute $x^{2^{-n}}$, the same computation as above shows $f_N(x) \to \log x$ for the chosen logarithm of $x$, and hence every value of $\log x$ is a possible value of $f(x)$. If for different factors of the product we use different branches of the logarithm to compute $x^{2^{-n}}$, the product need not converge at all, or might converge to different values, not much can be said then. For $x = 1$, the factor $x-1$ ensures that $f_N(1) = 0$ for all $N$ and hence $f(1) = 0$, so there not all possible values of $\log 1$ can be obtained as the limit of the product, only the principal value. For $x = 0$, we can either refuse to accept $0^{2^{-n}}$ as a valid expression, or interpret it as $0$, in which case the product clearly diverges. In both cases, $f$ is not defined at $0$.
If, what is most reasonable, on a (sufficiently small) neighbourhood $U \subset \mathbb{C}\setminus \{0,1\}$ of $x_0$ we choose a continuous (and hence holomorphic) branch of the logarithm to compute $x^{2^{-n}}$ for all $x\in U$ (and all $n$), then we obtain that branch as $f = \lim f_N$ on $U$. For connected neighbourhoods of $1$, only choosing the principal branch of the logarithm yields a continuous limit function.