Thursday, October 27, 2016

Transactions costs in the bot net

Define he term first.  In the aggregate, the total cost of running tyhe net is the heat radiaton generated as my 20 lines of code are executed in silicon in a million places at millions of times per second.  Lost money, the heat leaves the nest blocks, we gotta do a delete.

Otherwise, everything is double entry exchanges of secure digits, and the cost of the exchange is one bots travel price charged to another bot.  There is one exception, verification reports are free when trading contracts are authorized.  We have to trust the bots on this, they have to have built ins on bounding  the use of verification. Verifications are authorized by us, when we thumb print our smart cards,  releasing them for auto trade.

Scans, read only grabbing of finite precision block structure from the graphs? Cost you, a tiny but its gonna cost.

Then we have writeable trades, gonna cost.  The two costs are proportional to the graph size and published liquidity variance bounds on block structure.  Cycles on the graph are the double entry charges passed around between bots, that is how hey view their selves.

Nested block structure makes asset=liabilities within known precision.

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