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brenzi edited this page May 2, 2023 · 1 revision

Welcome to the dex-research wiki!

DEX stakeholders

Stakeholders of a CC exchange market

Consumers (may have reputation or not)

  • person moving from community A to B who would like to exchange CC_A for CC_B

  • person from community A holding CC_A who wants to order/buy goods/services in community B

Workers

  • person accepting CC_A for labor but living (and consuming) in community B

Businesses (never have personhood reputation)

  • business A1 in community A who would like to order goods/services from biz B1 in community B (where B1 isn’t interested in any goods/services from community A, so CC_A has no value for B1 itself)

Arbitreurs (pro or private)

  • will seek and exploit mismatches of exchange rate on different markets, thereby narrowing the mismatch

  • may move funds from a community with high demurrage to a community with lower demurrage

Communities as a whole, macroeconomically

  • under perfect import/export balance: community A exports goods/services to community B and imports goods/services from community C. A DEX can facilitate trade which isn’t bilateral

  • under trade imbalance: exchanging CC requires an exchange rate to reflect trade imbalance, which can be obtained with a DEX

Metropolitan areas

  • If distances are too long for people to attend cycle gatherings in radomized locations, a metropolitan area may introduce clusters of individual currencies which are exchangeable at rate 1:1. (reminting approach)

Global Network

  • unique proof of personhood (uPoP) as a feature needs some kind of trust score for the unpermissioned set of communities because the security assumption is that the majority per community is honest
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