Glossary
Definitions are not totalistic and solely express the Ruled Power's view.
It simplifies economics by targeting a singular issue underpinning others.
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Allocation: valued prioritization by price systems among agents.
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Consensus is an active aggregation of one-to-one agreements.
They commit bilateral changes departing from the majority opinion.
A consensus disagrees on the current state but agrees on the direction. -
Doer is the executive governance of the Ruled Power.
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DLT: Decentralized Ledger Technology, most often a blockchain.
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economy: generic definition, with lowercase initial;
ruled power concerned with the allocation of resources. -
Economy: with uppercase initial;
economies where the rules of trade are centralized. -
Ecosystem is a superset of systems which can sway a common utility.
A system of subsystems is an ecosystem. -
Institution is a product engineered to govern with protocols.
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Law Programming Interface: see LPI acronym below.
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LPI: Application Programming Interface (API) for smart contracts.
It is a specialized API provided by Doer where Maker rules governance. -
Maker is the legislative governance of the Ruled Power.
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Organization is an agency of actors.
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Power is the ability to act on an intent via rights or resources.
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Price System is an exchange protocol.
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Protocol is a system of rules.
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Resources are means of a utility.
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Rule of Law is the User power in a judiciary or trading system.
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Ruled Power is a ruling and regulated power;
a tripartite ecosystem of checks and balances between Doer, Maker & User. -
Rules regulate a utility.
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Smart contract is a self-executing rule integrating governance.
It is defined by Maker through Doer's Law Programming Interface. -
Token is the protocol share of a jurisdiction.
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Tokenomy: economies where the rules of trade are decentralized.
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tokenomy: same as Tokenomy.
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Tripartite: ensemble of knowledge, governance & regulation systems.
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Trust is an implicit peer-to-peer contract.
It asks for undetermined and deferred exchange against a resource grant;
which gives rise to a shared and synergized power. -
User power is the regulated power of the Ruled Power.
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Utility is the value of a resource designed for use.
Evolutive concepts are explored throughout this manifesto on Tokenomics.
They are best understood with different perspectives, including your own.