The ascending chain condition for principal ideals does not hold in R.
Proof
Consider the chain of principal ideals
(x1)⊆(x2)⊆…⊆(xn)⊆….
The containment holds since xi=xi+12∈(xi+1). For containment to be proper, we need to verify that xi+1∈(xi).
Suppose, for the sake of contradiction, that xk+1∈(xk), and that k is the minimal index at which this happens.
Suppose k>1.
Let c∈R be such that cxk=xk+1. Then
xk=xk+12=c2xk2=c2xk−1.
So, xk∈(xk−1), which contradicts minimality. So we’re done.
Suppose instead that k=1. Consider the homomorphism τ:R→R given by τ(x1)=2 and τ(xn+1)=τ(xn).
Since x2∈(x1) there exists c∈R such that cx1=x2. In R this corresponds to 2τ(c)=2 and hence τ(c)=2/2.
Observe that τ(xn) is an algebraic integer, since it is a root of the polynomial x2n−2. Hence, the image of τ is a subring of the ring of algebraic integers.
Since (2/2)2=1/2, it cannot be an algebraic integer. Thus, there exists no such c for which τ(c)=2/2.
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NOTE
I rely on some basic properties of algebraic integers. This is a bit of a “cheat,” since Aluffi doesn’t cover them at this stage, but I was unable to solve this problem otherwise.