The Spekboom
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The Spekboom

Token Exchange Games

What is an abstract ledger?

Here is the (short) synopsis of the research

Here is what I think the research implies

(1) Crypto-token and crypto-currency systems are examples of token exchange games and they can be modelled accordingly within this framework.

(2) Complex economies can be understood within the ‘price is information’ paradigm as mechanisms for allocating and distributing tokens. Economic rules that act iteratively such as tax and transaction costs can be incorportated directly. Inflation, savings rates and the velocity of money are more complex, but they can be constructed as metrics using the connection between linear algebra and networks.

(3) Monetary systems evolve as a direct consequence of no-arbitrage arguments.

(4) Metcalfe’s law has a very logical explanation within this framework.

Here is is a powerful argument that supports the research

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