somehow feel this ( below ) can be combined with 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 ?
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 ?
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.
by enabling an intentional choice for the circulation of IOU’s,
and routing along peers/participants/projects who already defined spending within intentional economic peers,
as to reduce hoarding, and increase circulation of currency which supports interdependent intentions.
further notes :
– Information about needs that are not addressed by the current peers forming the economic network can lead to new partnerships or new ventures for addressing such needs, via spending pledging from peers in the intentional network
– Legal frameworks for simplifying issues regarding tax payment,
enabling “re-investment” of capital ( as to reduce taxes ) within the cooperative/company/intentional economic network.
– Internal accounts system which does not require payment of interest
– Potential build up of guarantee funds in mainstream central bank currencies, as to enable purchase of not yet accessible resources from outside the intentional economic networks
– Potential spending of mainstream central bank currencies coming from selling ( only surplus ) resources outside of the intentional economic network into purchasing needed infrastructure or resources to support the intentional economic network
in other words, regarding “Re: empowering intentional economic networks ?”,
a “pledge the spending of your income forward”
having similarities with social insurance paid by taxes – see :
and some similarities also with
“air miles” and other “loyalty” programs ?
hence, no demurrage, as all iou’s are simply “routing” for peer trans-actions,
with the possibility of gifts, and “gift credits” – which can build up reputation too.
// it can include visualization of the interdependencies of pledges,
and also a visualization of the interdependencies of needs,
facilitating the choice for matching.
Pledges of spending income also enables every participant to choose where to pledge its income to, both in altruistic and enlightened altruistic modes ( through visualizing mutual support systems )
legal framework ?
I also imagine it could be a hybrid legal framework,
with local not for profits, individuals, small businesses, or even governmental entities who participate in the “pledge the spending of your income forward” as cooperative members,
and a limited liability corporation owned and managed by cooperative members.
examples of companies :
tags : hoarding , artificial scarcity , intentional , economic networks , routing , trade balance , legal frameworks , emergence , loyalty , pledge , interdependencies , transaction contracts , visualization
“The aliens tend to be wealthy upper class members of society, as well as politicians. When the aliens realize he can see them for what they truly are, the police suddenly arrive.” – http://en.wikipedia.org/wiki/They_Live
He starts seeing the world as it really is, after minute 2”
The world economy is doomed to spiral downwards until we do 2 things: outlaw government borrowing; 2. outlaw fractional reserve lending. Banks should only be allowed to lend out money they actually have and nations do not have to run up a “National Debt”. Remember: It’s not what backs the money, it’s who controls its quantity.
interesting perspective of potential further developments in current, “infinite demand”, artificial scarcity “mainstream economics” …
note : thankfully alternatives are emerging… ( such as open source peer production … http://p2pfoundation.net )
“The Money Masters” , Produced by Patrick SJ Carmack , Directed and Narrated by Bill Still
“The powers of financial capitalism had a far-reaching plan, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole…Their secret is that they have annexed from governments, monarchies, and republics the power to create the world’s money…”
” THE MONEY MASTERS is a 3 1/2 hour non-fiction, historical documentary that traces the origins of the political power structure that rules our nation and the world today. The modern political power structure has its roots in the hidden manipulation and accumulation of gold and other forms of money. The development of fractional reserve banking practices in the 17th century brought to a cunning sophistication the secret techniques initially used by goldsmiths fraudulently to accumulate wealth. With the formation of the privately-owned Bank of England in 1694, the yoke of economic slavery to a privately-owned “central” bank was first forced upon the backs of an entire nation, not removed but only made heavier with the passing of the three centuries to our day. Nation after nation, including America, has fallen prey to this cabal of international central bankers.
A documentary explaining mechanisms and effects of current monetary and financial architectures, …