Category: Money

somehow feel this ( below ) can be combined with netention…

http://blog.automenta.com/2011/01/netention-semantic-narrative-authoring.html

http://www.automenta.com/netention

It does not necessarily require specific semantic graphs or Artificial Intelligence at first, as long as “agents” do the queries themselves as to have a list of routing paths to whom they want to “pledge” the spending of the IOU’s that get routed or spent via their own credit or transaction accounts.

The Ripple protocol http://ripple-project.org/
or perhaps also certain Mesh routing protocols such as “batman” http://en.wikipedia.org/wiki/B.A.T.M.A.N. seem to be a conceptual framework on which to imagine such potential routing.

Yet in both protocols, I ask myself if the current “best route” definitions suit what I would like to see :

What I want to achieve, is the maximization of the usage of IOU’s before they get dissolved, or before they exit the system, hence this may require a change in protocol settings as for “best route” options ?

I see netention as a tool for visualizing ( in a “zoom out” way ) choices agents may act upon, regarding their “pledge” determining the routing of the IOU’s pledged to them.

Hence it can have a strong emergent political impact, by choosing the intentional interdependencies enabled.

Combined with reputation systems, and with metadata, I imagine some optimized protocol could calculate “intentional routing” based on individual agents preferences.

———- Forwarded message ———-
From: Dante-Gabryell Monson
Date: Mon, Apr 18, 2011 at 12:49 PM
Subject: Using Ripple Protocol for Routing IOU Payments via Pledges of Spending ?
To: rippleusers@googlegroups.com
Cc: opencc@googlegroups.com

As I understand it, Ripple offers clearing by distributed routing via trusted peer to peer credit lines.
With the potential to use various IOU denominations. ( mutual credit IOU’s, fiat central bank IOU’s, fiat state IOU’s, freigeld, … )

I asked myself, if there an interest ( attention ) in combining this with “pledges”.

Hence potential routing not only via p2p credit lines,
but also via “pledges of spending”, so that I can choose to spend my IOU’s to people or businesses that already pledged to instantly spend these IOU’s into another transaction ( each transaction potentially enabling a service, product, charity, … )

So in a sense, this may not been a radical revolution compared to the ripple protocol, but rather serves as a “transactional” routing ( as opposed to a credit line routing ),
and be combined with each other to maximize routing opportunities.

Possibly more complex to implement, requiring additional information regarding the “contracts”, relating pledges of spending with the transactions ? As for now, I see the credit line between trusted peers as the current contracts via ripplepay.

Has this been tried ?
Thanks

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For example, lets say the state of California, which currently creates billions of dollar worth state IOU’s ( which can be used to pay state taxes ),
wants to maximize the potential of each IOU it creates, by maximizing their circulation in the economy before they get destroyed ( via repayment by taxes ),

I imagine it can choose to “spend” its IOU’s via “chains of pledged spending” which correspond to its intentional / political preferences,
or simply that maximize the circulation of its IOU’s.

I imagine this can be done also within freigeld communities or mutual credit communities ( including the WIR bank ) by offering members to have access to a certain clientele who wants to maximize the speed and amount of transactions possible, even with a limited amount of initially created IOU’s.