The goal of bearer tax money is to make it as liquid as necessary, using the escrow function. The escrow function is a verified, observable, finite trading sequence, ledger entries and trades recorded rather instantly inside of escrow.
Agents with government bonds can lend these bonds under contract, enforceable by today's law. That includes thumb printed digital PoW trading sequences under escrow management. So entry into the escrow network is a contract i which the agent praises the value of the held bonds under certain conditions, as spelled out in the trading sequence.
The escrow network has this known property, any party at risk can hire its own notary check on protocol transitions, and all protocol outcomes are known, finite and accepted in advance. The escrow network thus empowered to cash out the bond, as specified to clear contracts. The agent contributing the bond has exit clauses.
A simple open source format for dark pools
Dark pools currently work this way, these bonds are loaned out constantly to balance portfolios, (mach nominal 'time to completion; with discovered). The escrow net is a definition of that fintech layer, translatable into sandbox protocol language.
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