Wednesday, October 21, 2020

Inverting the miner's net

 That last post showed how stable coins can partition the BTC block chain into entropy maximizing banking. It embeds credit price in the miners fee, they become distributed pit bosses in an over the counter S/L. A very neat concept.

Invert this. If miners met in one place and just exchanged their account queues?  Buying and selling fee based request for BTC account exchange. So every vendor exchange became an S/L transaction. Since the master bock chin now hosts partitions, then at least have the partitions meet in one spot.

They are the equivalent, it is turning the over the counter network into a trading pit node. The trick is useful in bounding the traveling salesman route, if this connects properly.  The name of this inversion is duality, I think.

What does this inversion say about value chains?

There will be a relationship between money turn over and value chain depth for any given currency. Not necessarily over all, currency systems compete. There is a relationship between value chain depth and partitions at maximum entropy. And the congestion pricing system connects it all.

No comments: