cheng/wallet
0
0
Fork 1
Code Issues Pull Requests Actions Packages Projects Releases Wiki Activity

minor corrections and updates of

Browse Source 
docs/manifesto/social_networking.md
docs/manifesto/sox_accounting.md
docs/usury.md
This commit is contained in:
reaction.la 2023-12-17 07:20:46 +00:00
parent b87864d922
commit c93b6899d6
No known key found for this signature in database
GPG Key ID: 99914792148C8388
4 changed files with 35 additions and 12 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

17
docs/manifesto/social_networking.md
View File

@ -707,7 +707,9 @@ private room.
The infrastructure proposed in [Anonymous Multi-Hop Locks] for lightning
network transactions is also private room infrastructure, so we should
implement private rooms on that model.
implement private rooms on that model. Indeed we have to, in order to implement
a gateway between our crypto currency and bitcoin lightning, without which
we cannot have a liquidity event for our startup.
In order to do money over a private room, you need a `reliable broadcast channel`,
so that Bob cannot organize a private room with Ann and Carol,
@ -882,8 +884,8 @@ regularly sends them the latest keys.
# Blockchains
You need a cryptocurrency like Bitcoin, but Bitcoin is too readily traceable.
Wasabi wallet has a cure for bitcoin traceability, but it is not easy to use
that Wasabi capability, and most people will not, despite the very nice user
Sparrow wallet has a cure for bitcoin traceability, but it is not easy to use
that Sparrow capability, and most people will not, despite the very nice user
interface. The lightning network over bitcoin could fix those problems, and
also overcome Bitcoin’s scaling limit, but I don’t think much of the current
implementation of the lightning network. The latest bitcoin upgrade,
@ -1089,7 +1091,7 @@ pressure. We start by enabling discussion groups, which will be an
unprofitable exercise, but the big money is in enabling business.
Discussion groups are a necessary first step.
## Cold Start Problem and Metcalf's law.
## Cold Start Problem and Metcalf's law
Metcalf's law: The usefulness of a network to any one person
considering joining it depends on how many people have already joined.
@ -1139,10 +1141,11 @@ And the cold start problem means we cannot directly take over that niche either.
But our proposed privacy mechanism means we have a tech advantage over both
Bitcoin and Monero - better contract capability than Bitcoin or Ether, because
a snark can prove fulfillment of a contract that without burdening the network
a snark can prove fulfillment of a contract without burdening the network
with a costly proof of fulfillment, and without revealing everything to the
network, and without the rest of the network needing to know what that
contract is or be able to evaluate it. Because of its privacy mechanism,
network, and without the rest of the network needing to know what that there was
a contract, what that contract is nor to be able to evaluate it.
Because of its privacy mechanism,
Monero cannot do contracts, which prevents atomic exchange between Monero
and Bitcoin, and prevents Monero from doing a lightning network that would
enable fast atomic exchange between itself and Bitcoin lightning.

17
docs/manifesto/sox_accounting.md
View File

@ -118,11 +118,17 @@ was an earthly reflection of the divine scales of justice and the symmetry of Go
When the dust settled over the Great Minority Mortgage Meltdown it became apparent that
the books of the financial entities involved had little connection to God's creation.
When the books are lie imposed on you by hostile outsiders. you lose cohesion around profit,
The state has been attacking the cohesion of the corporation just as it has been attacking
the cohesion of the family. Modern corporate capitalism is incompatible with SoX,
because if your books are detached from reality,
lies that hostile outsiders demand that you believe,
the corporation has lost that which makes it one person.
When the books are lie imposed on you by hostile outsiders you lose cohesion around profit,
making things, buying, selling, and satisfying the customer,
and instead substitute cohesion around gay sex, minority representation, and abortion rights.
Notice Musk's tactic of making each of his enterprises a moral crusade,
and also of giving them a legal form that evades SoX accounting.
and also of giving them a legal form that evades SoX accounting. Which legal form does
not permit their shares to be publicly traded.
To believe the corporation is real, for the many people of the corporation to believe the
corporation is one person, the books have to reflect reality,
@ -131,7 +137,7 @@ The Christian doctrine of the Logos gives reality moral authority,
since reality is a manifestation of will of God.
In the Enron scandal, the books were misleading to the tune of about seventy billion dollars,
in that they creatively moved their debts from buying things on credit off the books,
in that they creatively moved their debts incurred by buying things on credit off the books,
and that was the justification for SoX accounting.
Which is very effective in preventing people from moving debts off the books.
@ -139,7 +145,7 @@ In the Great Minority Mortgage Meltdown, the SoX books were misleading to the tu
of about seven *trillion* dollars, about one hundred times as much money as the Enron scandal,
largely due to the fact that the people responsible for paying the mortgages could not be found or identified,
and many of them probably did not exist, and many of the properties were not only grossly overvalued,
but pledged to multiple mortgages, were frequently impossible to identify,
but pledged to multiple mortgages, or were impossible to identify,
and some of them may not have existed either. It usually said that the losses in the
Great Minority Mortgage Meltdown were the result of housing prices being unrealistically inflated,
but they were unrealistically inflated because people who, if they existed at all,
@ -159,7 +165,8 @@ the papers in big financial centres far from the alleged location of the alleged
The mortgagees did not demand id, because id racist. Much as demanding id is racist when
you want to ask voters for id, but not when you want entry to a Democratic party gathering.
Enron's books implied that non-existent entities were responsible for paying the debt that they had incurred
Enron's books implied that non-existent entities were responsible for
paying the debts that they had incurred
through buying stuff on credit, thus moving the debt off the books. In the Great Minority Mortgage Meltdown,
the banks claimed that people who, if they existed at all, could not possibly pay,
owed them enormous amounts of money.

0
docs/proof_of_stake.md → docs/proof_of_share.md
View File

13
docs/usury.md
View File

@ -2,6 +2,9 @@
title:
The Usury problem
...
# Usury in Christianity
The Christian concept of usury presupposes that capitalism was divinely
ordained in the fall, and that we are commanded to use capital productively
and wisely.
@ -41,6 +44,8 @@ production.
And if things don’t work out, he is free and clear if he returns the cattle or
the house.
# Usury in Islam
The Islamic ban on usury is similar to the Christian ban, but their frame is
rather that the lender shares the risk, rather than that the lender is charging
rental on a productive property. The dark enlightenment frame is game
@ -59,6 +64,8 @@ collect interest on the mortgage, but then there is a housing slump, the
mortgagor returns the house in good order and condition, but in the middle of
housing slump, the mortgagee is sol under the old Christian laws, and the mortgagor, though now houseless, is free and clear of debt.
# How everything went to hell
Well, lenders did not like that. They wanted their money even if things did
not work out, and they wanted to be able to lend money to someone to throw a
big party, someone who probably did not understand the concept of compound
@ -68,6 +75,8 @@ And the Jews of course operated by different rules, and Kings would borrow
from the Jews, and then give the Jews exemption from the Christian laws, so
that they could lend money against the person to Christians.
## Term Transformation
And then, things got messier with fractional reserve banking.
People want to lend short and borrow long, borrow money with fixed schedule
@ -94,6 +103,8 @@ start using banknotes as money, bits of paper backed by claims against real
property, if the lending is more or less Christian, and claims against real
people, if it is not all that Christian.
## Leading to fiat money
And then, one day it rains on everyone, and everyone hits up the bank at
the same time for the money they had stashed away for a rainy day, and
you have a financial crisis.
@ -108,6 +119,8 @@ government notes backed by claims against taxpayers.
And here we are. Jewish rules, fiat money.
# Cryptocurrency and Usury
Well, how does cryptocurrency address this? It is backed by absolutely
nothing at all.