Abstract
Accounting with antirival tokens, i.e., accounting based on shareable units that gain value with increased use, enables efficient and effective collective action. However, most currencies are rival tokens which can naturally represent — and be exchanged to — rival goods, such as a cup of coffee. Antirival systems of account would be a natural fit for the economy of antirival goods because the logic of value creation and accounting would be compatible. It is challenging to find an allocatively efficient price for antirival goods, such as data, measured in rival units of account. We present an antirival accounting system based on Distributed Ledger Technology (DLT), where the fundamental operation is sharing instead of exchanging and study it with system dynamics models and simulations. We illustrate our arguments by presenting a system known as Streamr Awards that defines three tokens of a fundamentally novel type, shareable non-fungible token (sNFT). We present the functioning of one of these in the work allocation of a self-directed online community.
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Notes
- 1.
ERC-5023: https://eips.ethereum.org/EIPS/eip-5023.
- 2.
A more detailed description in the Streamr blog: https://blog.streamr.network/streamr-awards-are-here-contribute-and-earn-unique-snfts/.
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Acknowledgements
ATARCA received funding from the EU Horizon 2020 agreement No 964678. The authors thank Prof Pekka Nikander for constitutional entrepreneurship, and Prof Juuso Töyli, Prof Len Malczynski, Dr. Sampsa Ruutu, Prof Heikki Hämmäinen, Prof Raimo Kantola, and Prof Petri Mähönen.
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Elo, T.M., Marttila, J., Cutillas, S., Hakanen, E. (2023). Elements of Antirival Accounting with sNFT. In: Mikyška, J., de Mulatier, C., Paszynski, M., Krzhizhanovskaya, V.V., Dongarra, J.J., Sloot, P.M. (eds) Computational Science – ICCS 2023. ICCS 2023. Lecture Notes in Computer Science, vol 14074. Springer, Cham. https://doi.org/10.1007/978-3-031-36021-3_25
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