09:04 * nsh waves to * 09:04 < nsh> so 09:05 < nsh> LETS for information manipulation 09:05 < nsh> (local exchange trading schemes) 09:05 < nsh> schemes or systems, i forget 09:06 < nsh> so, the real currency is no longer particularly physical, monitary or laborial capital, as traditionally envisioned 09:06 < nsh> nor specifically information-as-data 09:07 < nsh> but rather the interface of intelligent agent and information 09:07 < nsh> intelligent tranformation of information as the tradeable commodity 09:10 < nsh> what would be nice, in terms of increasing the self-organisational competancy of the microeconomy(ies), would be if the (movement, exchange, flow) of currency itself would be a substrate for computation 09:11 < nsh> an economy is a decentralised, autopoietic (self-maintaining) processing system that projects externalities (information not explicit in the economic data) onto the exchange of monitary and other financial instruments 09:13 < nsh> in-so-much-as the decision-making which informed the flow of currency around the economic network is informed by intelligent, conscious (and to a certain extent, rational) agents, the system acts as a hypercomputer on the explicit economic data 09:13 < nsh> the agents playing the role of 'oracles' 09:19 < nsh> so, the degree to which this decentralised, highly-parallel and oracular computational architecture is efficiently employed depends on the level of accessible complexity in the exchanged values within the economy 09:20 < nsh> as analogy: physically-speaking, there is the same degree of complexity involved in the physics of your computer whether it's on or off, "nature" doesn't suddenly need to devote more of its "computational resources" to the system just because you're using it productively 09:21 < nsh> but when the computer is on, there is 'simply' a massively higher degree of accessibility to the complex physical operations that would be taking place anyway within the molecules of the computer's components 09:22 < nsh> correlations are formed between the internal informational processes of the system (electron/hole dynamics, etc.) and meaningful externalities 09:22 < nsh> (words you're typing or reading, data on the internet, etc.) 09:23 < nsh> in the same way, one could theoretically 'harness' the computational complexity of the information processing inherent to an economic system such that its dynamics were correlated to meaningful, humanly-accessible data 09:25 < nsh> now, in a sense, this already occurs, as any economy is, at heart, a (relatively) robust and resiliant decentralised risk-processing computer 09:26 < nsh> however, as is demonstrated currently by world economic events, the self-organisational competancy, as demonstrated by the resistance to cascade of small-scale instabilities toward large-scale instabilities, of the macroeconomy, well, leaves much to be desired 09:27 < nsh> and, i would suggest it might well be argued, the degree to which the computational processing inherent to the system is productively employed is almost minimal 09:27 < nsh> perhaps vanishingly so: like using a laptop as a paper-weight, you might say 09:29 -!- marcel_inuse [n=egal@p5DD6E48C.dip.t-dialin.net] has joined #hplusroadmap 09:29 < nsh> my thesis is that this inefficiency of utilitisation is a consequence of the triviality of information exchange internalised to the system 09:29 < nsh> to wit: money-as-(essentially integer)-number 09:31 < nsh> another possibly apt analogy here would be towards Wolfram's demonstration of a 'complexity threshold' below which only trivial ('random' or highly repetative) computations can be performed by an iterative system (cellular automatic, recursive functions, yadda-yadda) 09:32 < nsh> or the results of the Santa Fe group on the types of complex system, and the optimal zone between predictable and chaotic behavior (class III systems, iirc) 09:35 < nsh> so, the theory is that if, within some (ecology of) Local Exchange Trading Schemes, which -- rather than dealing with essentially trivial 'flat', monotonically-increasing, quantities (ie, any analogue of money) -- process information via the exchange of complex and semantically-meaningful data structures, themselves highly-correlated to each other and/or externalities of the system, 09:37 < nsh> it would be possible to create a form of economic 'super-organism' of intelligent agent-based information transformation, manipulation, and utilisation 09:37 < nsh> (analogy here is to bee and the superorganism of the hive) 09:37 < nsh> *bees 09:39 < nsh> instead of pheremones and physical motility, the communicative substrate would be the internet-facilitated exchange of data-structures representing the commoditised trading of information-manipulation for useful gain 09:40 < nsh> the complexity (and hence self-organisation competancy) would result from the interaction of the agents and the nontrivial information exchanged, and emergent patterns derived from these interactions 09:41 -!- Phreedom_ [n=freedom@ip-194-50-167-184.mir.dn.ua] has joined #hplusroadmap 09:42 < nsh> coupling to real external interests, in the form of necessities, gain of utility, as well as the darwinian competition inherent to any relatively-deregulated market-based economy, would drive the evolution of the system to greater degrees of functionality 09:44 < nsh> the low latency of internet-enabled communications and the high level of (almost) ubiquitous data-processing capabilities would allow for greater integration of the exchanged commodities (information of value) in the form of long-range correlations 09:45 < nsh> such as are inherent in any physical system which falls under the general banner of superconductivity (macroscopically-quantum dynamics) 09:46 < nsh> such systems being characterised by high levels of efficiency (low resistance, wasted energy) and co-operativity 09:46 < nsh> (low degree of internal antagonism of dynamics) 09:47 < nsh> ------------thought-dump complete-------------- 09:54 < ybit> related to LETS: http://openmoney.info/ 09:54 -!- p1tbull [n=freedom@ip-194-50-167-184.mir.dn.ua] has quit [Read error: 110 (Connection timed out)] 09:55 < nsh> yeah, there are some neat ideas floating about 09:56 < nsh> but they all seem to be struck on the idea of wealth or money as something you measure on a flat line 09:56 < nsh> and move about in simple quantities