Sunday, December 31, 2017

The thing about escrow bots

First, the escrow function in the sand box becomes a standard monetary routing system. They will be everywhere, all of them linked to the verification system, thus being counterfeit proofed.

Second, it the exception that proves the rule about bots, if they own something, unattached to a human, then they have a timeout.  It is theoretically impossible for a bot to own an asset for an arbitrary time period, the timeout is needed in protocol theory to prevent lockup, from confused bots.

Oddly enough, the bot timeout is also the human insurance policy against Steve Hawkings fear of bots run amok. The system puts humans at the endpoints of protocol sequences,  bots in the middle. The bots always, everywhere needing a timeout, which is to say they cannot have indefinite loops in their protocol.

So, in the sandbox, just consider that any digital assets that need routing will be routed by the digital asset router.  The digital asset router (escrow bot) has a well known, and constant wallet address.

Pit bosses have the character of a timeout, they cannot accumulate coin in the bit error, indefinitely. But the pit boss maintains the generators which become probability protocols, and is simply the asynchronous version of the escrow bot, an escrow bot with approximate exchange prices.

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