I talked about the no arbitrage bot that runs bets on the NowCast output. It pays off by most probable relative to the actual NowCast, pasys out all the dollars and earns ad space revenue.
But if the players are on line anyway, they can choose to take either dollar or NowCast coins off the table. They become zero bets with zero probability, banker bot is still no arbitrage.
Why would players take NowCast coins off the table? To buy NowCast products, sold by vendors in NowCast points. If this was RetailCast, betting the accumulation of retail growth and decay? Then all retail vendors could immediately quote in retail points, gain all the money transaction costs.
Banker Bot always runs double entry accounts, cash in advance on one and cash on pay-off for the other, enough to generate fermion and boson transactions, and make the most likelihood betting graph. So NowCast coins would rapidly become the dominant unit of account. They become the Fed target.
No comments:
Post a Comment