Considering only supplies of positive value, since we can support arbitrarily small or large values, in any type currency, we are infinitely inclusive. Being infinitely inclusive also makes it most inclusive.
The fairest value is achieved in the most open market possible based on the assumption that adding an intelligence to a group of intelligences increases the accuracy of the joined valuation of anything. It is valuation based on maximal information.
Even an NFT could in this manner be broken into smaller pieces. Having art with higher fungability increases the size of the demand, however it also seems to decrease the perceived value by some.
Since the seller is using it's own subjective value function, there can be no apriori internal ordering. And since there is no point in cancelling bids by the seller, as a bid can simply reappear (unless the bidder is blocked), there is no need for any internal ordering. If the next bid is
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For practical reasons, such as real time FX changes, it can make sense to define the categories with a precision
Lurkers complete the picture of the demand. They allow the seller to realise the optimal minimum price. Traditional markets leave sellers blind to this entire bottom part of the demand.
These are not real 'assumptions'. These prerequisites that we are asking for are trivial and hence we are "assuming" them to be true already. Real 'assumptions' can be wrong.
Energy and information as defined by the Sciences, as two fundamental elements of nature.
Every seller has the right to define it's own minimum value for its supply.
I think this statement can be made formally thanks to us defining currency as generally as possible.
Serviced is used as meaning "traded".
Any finite supply requires ordering of demand. All selling of any supply is approximately sequential and most selling is sequential. Even selling digital copies of a product that seems unlimited, is in fact limited due to network bandwidth being limited and servers usually order demand on a "first-come, first-serve" basis. When supply is very large vs demand, then modeling a simultaneous trading sequentially, is not any loss at all, as the sequence can simply move very fast, giving the illution of simultaneouity.
This is a service guarantee for those bidding the minimum (chrony). A highroller is basically participating in an auction for a sooner service, which is only sooner iff $\mathcal{I}\text{CHR} < \mathcal{I}\text{HR}$. An subjective bid might never be serviced, as it depends on the seller's subjective value function. A lurker is by definition never serviced.
should be written up formally
Even better than transparency is privacy with auditibility. This allows entities to maintain private information whilst satisfying society that everything is legal.
Based on my own intensive research on highly noisy and highly dimensional optimisation, I have found a multi-start Nelder-Maed to provide the best result. Solutions that have many simulations ending in them are much more likely to contain true information, rather than noise, i.e. being less outlier prone.
about.2i2i.app is the v1 version with supply=time. A full v2 version for any supply and fully web3 will be built.
Any currency can be said to have objective value if there exists a liquid market to exchange at least the base unit of this currency into another objective value currency. We assume that a community can agree on at least one currency that is declared objective.
Every other currency is called subjective.
We define a currency as any bundle of energy and information that can be transmitted from one entity to another, incl. bundles containing no energy (only information) xor only energy (no information).
This provides the most generic definition possible.
Not formalized in this whitepaper.
Objective bids already have deterministic ordering. If subjective bids are presented in time order, we get a total ordering using the sellers subjective value function. The total ordering is known only to the seller.
means that the outputs will not change if the inputs do not change
One could even replace appointments with such a market for ones time. Whenever you choose to interact with a person, instead of consulting an appointment schedule, consult the market. Importance and urgency are all expressed via the energy and information contained in every bid.
Btw, time can e.g. easily be supplied via live media streams.
Humanity keeps its reliable knowledge in whitepapers. Besides having an certain look, the important aspects are structure and methodology. Such a paper adds to reliable knowledge if approved by scholars. Archived markdown seems more powerful than a pdf.
The information found in this white paper was created by 1m1 with the help of Solli Kim. Thank you Solli for sharing your mind.