From: Russell Wallace (email@example.com)
Date: Mon Jan 08 2007 - 18:02:52 MST
On 1/9/07, Philip Goetz <firstname.lastname@example.org> wrote:
> On 1/7/07, Russell Wallace <email@example.com> wrote:
> > A good currency needs to be storable, transportable, canonical and
> > verifiable. Energy, information and computation fail all these
> How is information not storable, transportable, or verifiable? (Are
> you sneaking over into my house to read the emails I send you?)
Information isn't storable in the currency sense: it loses value over time.
It is transportable, granted. It's not verifiable: if I give you a kilogram
of gold, you can check it's a kilogram of gold; if I give you a hot stock
market tip, you can't check until too late whether it's for real.
Computation is storable - you store a credit saying someone owes you
> computation in the future.
Credits are storable, computation isn't. Compare that to gold, where you
have the option of storing the actual gold rather than just a credit saying
"I promise to pay the bearer...".
What does "canonical" mean here?
Having a single form so that you can be sure 100 units of X = 100 units of
X. (I don't know whether there's a standard term in economics for this, if
there is please insert that instead.) Computation for example fails that
requirement: the actual performance of a petaflop system on a particular
problem can easily vary by an order of magnitude depending on the details of
its architecture and configuration (software as well as hardware).
This archive was generated by hypermail 2.1.5 : Wed Jul 17 2013 - 04:00:57 MDT