Thoughts at Random

The main idea: two joint cryptocurrencies are programmed such that one can be exchanged for the other as long as their product remains constant, thus tracking the minimal necessary volume of circulation required by a growing economy in a decentralized fashion.  0. Posts on this blog are ranked in decreasing order of likeability to myself. This entry was originally posted on 30.09.2021, and the current version may have been updated several times from its original form. 1 The issue 1.1 The only credible challenger to the current system of a centralised issuer of currency would be a decentralised system under the auspices of cryptocurrency. Alas, most of the time, the designers of these ingenious tools just went with “fixed supply is good enough” and left it at that, making cryptocurrency a great store of value, but a shonky unit of account. And how much worse this issue becomes when the user base is growing faster than the global economy (which of course it does)! 1.2 I’ve earlier e...

The main idea: Fred Gohlke’s idea of iteratively setting up groups of 3 people who vote on each-other’s progression to ever-higher tiers presents the only credible alternative to liberal democracy. 0. Posts on this blog are ranked in decreasing order of likeability to myself. This entry was originally posted on 22.11.2021, and the current version may have been updated several times from its original form. 0.1 The Tryptic Model of elections featured in part 2 of this post is not mine at all, but was devised by Fred Gohlke as practical democracy , to which system I'm making relatively minor changes mechanics-wise and explaining in my own words below. Still, though the system is almost unchanged, the context to which I apply Gohlke's idea couldn't be more different, the original tweak to empower real democracy here made into a full alternative to liberal democracy. Thus, all resulting errors, departures from the original design or broader implications readers may choose to dr...

The main idea: the concept of the efficient frontier can be generalized such as to allow the rank-ordering of extremely complex datasets based on a large set of mutually contradicting criteria. 0. Posts on this blog are ranked in decreasing order of likeability to myself. This entry was originally posted on 24.01.2022, and the current version may have been updated several times from its original form.   1.1 Say you have a list of things you’d like to compare with regards to a number of criteria. Obviously, if all things are such as to be ranked in the same order across all of these criteria, comparisons are easy. What to do when entities are ranked differently with regards to different criteria though? 1.2 To make this less esoteric, let’s take a simple example: I wish to purchase a used vehicle, and the only relevant considerations are its price (the lower the better), its production year (the more recent the better) and its mileage (the lower the better). I have this narro...

The main idea: either only allow nodes to transact if storing the same chain, or include all conflicting transactions in a block to achieve 51% attack resistance and near immediate transactions finality  0. Posts on this blog are ranked in decreasing order of likeability to myself. The second design was originally posted as a standalone on 03.02.2025, and the first added afterward on 27.10.2025, and the current version of either may have been updated several times from its original form.  1 Design one 1.1 Rule one, every node must publish the hash of the chain its storing at any time. 1.2 Rule two, two nodes can only transact if they share the exact same such hash.  1.3 Rule three, any node can adopt any chain it wishes, there is no requirement to uniformly adopt the longest chain, and no other requirement is enforced.  1.4 Rule four, a miner can only include a transaction in the block if that transaction's common hash is the same as, or strictly antecedent to the h...

The main idea: iteratively replacing the highest deviating cell in a reserving triangle with the expected result for that cell removes without ignoring abnormally large claims.  0. Posts on this blog are ranked in decreasing order of likeability to myself. This entry was originally posted on 27.10.2021, and the current version may have been updated several times from its original form.   1.1 In a previous post I discussed a general method for removing outliers from a dataset given that one has a model. Let's try now to apply this to non-life claims reserving by triangles. 1.2 The cumulated triangle below includes one obvious outlier incurred in 2018, and emerging one year after. 1.3 Having a model of the data arranged in triangle form means breaking down the triangle into a vertical (exposure) and horizontal (pattern) component. These two are dependent on the choice of reserving method, with the additive method being an obvious example of splitting the triangle into two dim...

The main idea: adopt a self-splitting token to mostly counter excessive appreciation or depreciation against the Dollar.  0. Posts on this blog are ranked in decreasing order of likeability to myself. This entry was originally posted on 06.11.2025, and the current version may have been updated several times from its original form. 1.1 So it’s not easy to come up with Tier 3 currency designs , but do these have to be as complicated as this one ? 1.2 Well yes, if you want a fully self-contained and indefinitely sustainable system. But can we cut a few corners to gain simplicity and legibility? 1.3 You create a given quantity of your token, and no more can ever be created after this point. You pool it all in an (ideally native) Automated Market Maker with a quantity of some reliable stablecoin (assume USD links). This is our price oracle. 1.4 The token reads its price against USD continuously, averaging on a running week basis, and comparing against the same running week average four...