Let me define the economic bot. It is an independent, freely running process that validates and verifies transactions on ledgers selected by contracting parties.
Consider SWIFT, the fiat interbank exchange protocol. Every exchange is monitored by a process that checks accounts, and makes the interbank transfer and signals completion. Call it a notary bot.
Blockchain miners are bots. We have delivery bots that send us email updates on our deliveries. Swap nets have personal noraries which promise to almost always clear your trades accurately, and price the failures according to recall congestion fees. It is an 'almost always' promise, and trade groups use prequal to manage bad actors. Swapnets use the simplest of swap protocol, but they work universally.
Even direct control of the instruction cache is via notaries, external calls to verify. Using the bot concept is a great simplifier because we know where to look on a counterfeit, why didn't the bot in charge spot the problem? Legally iot is a great clarifier because each bot is attached to and controlled by one or more thumb print contracts, valid in both civil and counterfeit court. We have our pit and OTC trading bots, the pit boss a statistical bot, forcing the almost always condition.
And bots can understand trade variables and contract variables, enforcement is the same as stopping double spends. Thus, within the budget window, everyone is qualified for cash in advance, liquidity adjusted asynchronously everywhere.
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