<div dir="ltr"><div>No proposed implementation but here's some fun ideas:</div><div><br></div><a href="http://digitalinterface.blogspot.com/2014/03/strangecoin-proposal-for-nonlinear.html">http://digitalinterface.blogspot.com/2014/03/strangecoin-proposal-for-nonlinear.html</a><br clear="all">
<div><br></div><div>"""</div><div><div style="font-family:arial,sans-serif;font-size:13px"><span style="line-height:18px;font-family:Arial,Tahoma,Helvetica,FreeSans,sans-serif">What's unique about Strangecoin?</span><br style="line-height:18px;font-family:Arial,Tahoma,Helvetica,FreeSans,sans-serif">
<ul style="line-height:18px;font-family:Arial,Tahoma,Helvetica,FreeSans,sans-serif;margin:0.5em 0px;padding:0px 2.5em"><li style="margin:0px 0px 0.25em;padding:0px">Strangecoin transactions can be�<i>nonzero sum</i>. A Strangecoin transaction might result in�<i>both</i>�parties having more Strangecoin.�</li>
<li style="margin:0px 0px 0.25em;padding:0px">Strangecoin transactions can be�<i>one-sided</i>�and can be conducted entirely by only one party to the transaction.�</li><li style="margin:0px 0px 0.25em;padding:0px">The rate of change of one's Strangecoin balance is a more important indicator of economic influence than the balance itself.</li>
<li style="margin:0px 0px 0.25em;padding:0px">Optimal investment strategy in Strangecoin aims to�<i>stabilize</i>�one's balance of Strangecoin.�</li><li style="margin:0px 0px 0.25em;padding:0px">A universal account provides all users a basic Strangecoin income, effectively unlimited wealth, and direct feedback on the overall prosperity of the network.</li>
</ul><div><font color="#000000" face="Arial, Tahoma, Helvetica, FreeSans, sans-serif"><span style="line-height:18px">....</span></font></div></div><div style="font-family:arial,sans-serif;font-size:13px"><font color="#000000" face="Arial, Tahoma, Helvetica, FreeSans, sans-serif"><span style="line-height:18px"><br>
</span></font></div><div style="font-family:arial,sans-serif;font-size:13px"><span style="line-height:18px;font-family:Arial,Tahoma,Helvetica,FreeSans,sans-serif">As the example suggests, the dynamics of Strangecoin might be usefully thought of in terms of a "reputation system" rather than a strictly financial tool, even though the basic mechanics involve the regular method of exchanging currency for goods perceived by both parties to be of equal value. Because of the nonlinear relationships among Strangecoin users, each user effectively draws on a network of support in each economic transaction, coupling its activity to the successes (and failures) of the that network of activity. The result is a model of the complex interdependencies within a community of economic agents, and the dynamics by which those networks develop and decay. For this reason, Strangecoin might have implications for quantifying the role of individual choices and responsibility in the context of corporate action, and for resolving other difficult issues in the management and ethics of collective economic action.</span></div>
</div><div>"""</div><div><br></div><div><div class="gmail_extra" style="font-family:arial,sans-serif;font-size:13px"><a href="https://news.ycombinator.com/item?id=7494709" target="_blank">https://news.ycombinator.com/item?id=7494709</a></div>
<div class="gmail_extra" style="font-family:arial,sans-serif;font-size:13px"><br></div><div class="gmail_extra" style="font-family:arial,sans-serif;font-size:13px">"""</div><div class="gmail_extra" style="font-family:arial,sans-serif;font-size:13px">
<div class="gmail_extra">Other comments suggest that this can be implemented with existing tools, which I take as a virtue of the proposal.</div><div class="gmail_extra"><br></div><div class="gmail_extra">In any case, John von Neumann proved a long time ago that any nonzero sum game with n players can be modeled as a zero sum game with n+1 players, where the n+1 player represents the global state. TUA is simply an implementation of this proof.</div>
<div class="gmail_extra"><br></div><div class="gmail_extra"><a href="http://en.wikipedia.org/wiki/Zero-sum_game#Extensions" target="_blank">http://en.wikipedia.org/wiki/Zero-sum_game#Extensions</a></div><div class="gmail_extra">
<br></div><div class="gmail_extra">I tried to explain inhibition in another comment in this thread.�<a href="https://news.ycombinator.com/item?id=7496858" target="_blank">https://news.ycombinator.com/item?id=7496858</a></div>
<div class="gmail_extra"><br></div><div class="gmail_extra">I give an an analogy in the proposal of the popularity of a celebrity couple being a nonlinear relationship to the popularity of each celebrity individually. I think our intuitive understanding of our social relationships is nonlinear in this way generally, and I think Strangecoin can model those nonlinear relationships well.</div>
<div class="gmail_extra"><br></div><div class="gmail_extra">So, for instance, I'm imagining a family, spouses, close friends, and so on entering into extended coupling transactions, so that as a community their prosperity rises and falls together. I might also enter into such transactions with certain business with whom I want to couple my activities, and these coupling transactions might serve in lieu of direct billing or payment. A coupling relationship with a business is effectively a contract, but with traditional currency you need the whole legal framework of contracts to support the transaction, and with Strangecoin the transaction is built directly into the currency, and the interface looks almost exactly like a point-of-sale cash transaction.</div>
<div class="gmail_extra"><br></div><div class="gmail_extra">And I can enter into less serious relationships of varying degrees with other parties. The effect is a way of managing not just financial transactions, but also reputation, investment, and other dynamics social constraints on the economy via the currency itself. Money is memory (<a href="http://www.minneapolisfed.org/research/sr/sr218.pdf" target="_blank">http://www.minneapolisfed.org/research/sr/sr218.pdf</a>), but our existing currencies only represent some aspects of our economic activity, and therefore put limits on the memory stored in the economy. A nonlinear coin like Strangecoin can embed that social knowledge in the currency itself, providing a more robust memory framework on which we can conduct our economic transactions.</div>
<div class="gmail_extra"><br></div><div class="gmail_extra">I only hint at this in the proposal, but I suspect a system like this is required to resolve the twisted legal artifice the corporate veil, because it quantifies explicitly the role individuals have in collective economic activity, and thereby gives a method for explicitly holding persons proportionally responsible (in both credit and blame) for their contributions to that activity.</div>
<div class="gmail_extra"><br></div><div class="gmail_extra">But I think that's a much more radical proposal than the one I've offered for Strangecoin, and I should probably only be defending that here. =)<img class="" src="https://mail.google.com/mail/u/0/images/cleardot.gif"></div>
</div><div class="im" style="font-family:arial,sans-serif;font-size:13px"><div class="gmail_extra">"""</div></div></div><div><br></div>- Bryan<br><a href="http://heybryan.org/">http://heybryan.org/</a><br>1 512 203 0507
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