Thursday, November 3, 2016

Deposits and loans in the pit

How yhry atr hndled goes to yhe heart of measure theory, money measure the unexpected and makes it part of the typisl, tht id yh urrency banker function.

So, there is no such thing as interest rates set for some time in the future, hey are always set by what was discovered in the past.  Theraye per year is computed after the pit boss requants.

Member banker bots an take secure digits from the currency bot, run around the graph with them for a while, hen return hem.  If here was a re-quant in the meantime, he is tagged with cost, otherwise, no one is the wiser, he put the singleton back where he found it.  Bu, in doing so, yhe loan incurs an imbalance on the graph, makes the pit boss nervous.  All the member bots know this, its in heir contract.  But, it is their job, go discover reasons why the yree might need a  re-quant, then come back to the tree and place you bit error bets.

It is not that it changes the nature of S&L, the algorithm simply removes the baggage of computing the time scale, humans can sync the tree re-quant rate to their clock.

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