Promise theoretical analysis of
Money and the scaling of economic interactions

The purpose of this work is to provide a technical description of money as a network technology. This may help us to understand the role of monetary forms and currencies in the modern world, from microcurrencies to smart contracts, smart environments, and other collaborative networks.

When a business asks `how are we going to make money?' we perpetuate a mythology about money which is that money comes from work. Do athletes and sports celebrities, film stars, or entertainers make money, or make anything at all? Does your landlord make anything? Even a farmer who grows cabbages does not grow money---it has to come from somewhere. In fact, only banks make money (as we understand it) in the developed world---everyone else attracts (or fails to attract) money. So the right question to ask about an economy is: how does anyone get hold of money? Viewed from this perspective, the commercial landscape makes far more sense.

Commentary and essay overviews

Promise Technical Analysis

Trust and scaling

Related to this, we have made some notes about blockchains and cryptocurrencies and their limited views of money:

Instructional videos on PT

I am interested in connecting with technologists and economists in this area for discussion and collaboration, to learn and to develop this work further. Eventually, I hope to scale these observations to develop a modern probabilistic theory of economics, that addresses the deficiencies of the quasi-deterministic differential models currently used by mainstream economists.