Infinity Ledger and Value Accounting in Open Source
Tue Apr 21, 2020
Infinity Ledger by Mindey - https://www.youtube.com/watch?v=GLdPmZAYiXM&feature=youtu.be
MJ Sez - While I like to log effort (see top of MJ Log), I am skeptical of time-accounting-for-value-determination schemes in general for 3 reasons:
- Gaming the system - this is a parasitic loss. How do you address this in Infinity Ledger? Unless time logging is decoupled from monetary returns, lime logging will have a tendency for gaming via extrinsic motivation. The only feasible solutions to this are abundance and full human integration - we are not there yet in 2020.
- Strategic component - some work may produce $1 per hour revenue, other work may produce $1000/hr revenue, depending on how strategic or monetary-value-generating a specific activity is. How is this addressed in your system?
- You cannot tell how strategic any work is because, fundamentally, we can't predict the future. Leading to unfair distribution of value. How is this addressed in Infinity Ledger?
I think logging is great for quantification, except for quantification of monetary value. Is Infinity Ledger aimed at determining monetary gains of participants? What is your proposed process for implementation?
Possible Solutions to Gaming
- Make the reward less tangible (ie fake), such as via implementing a cryptocurrency. This provides at least partial decoupling of logging from financial incentive. Complex topic.
