Mxfactorial

<p align="center"><a href="https://mxfactorial.video/" target="_blank"><img width="646" alt="systemaccounting" src="https://user-images.githubusercontent.com/12200465/127420506-ca214ea5-a05b-43a3-b23d-36297ac2adca.png"></p>

a payment application intended for deployment by the united states treasury that eliminates monetary inflation, systemic default risk and the uncompetitive access to capital

systemaccounting optimizes the flow of capital by expediting the discovery of economic opportunity through physics and data science. dashboarding real-time business performance within an equally-accessible space spanned by a metric not only maximizes capital's throughput between investors and entrepreneurs, it also transparently benchmarks lending rates between borrowers and lenders. in addition to eliminating interest rate manipulation by central commitees, systemaccounting solves monetary inflation and systemic default risk through its practice of cross-user, double-entry accounting. by recording transactions as conserved quantites, user equity remains separate and protected from the liability produced by government-chartered lending firms

content

economic policy as code video series

learn with ai

upload this readme to an ai with the prompt:

i will ask you about specific sections in this document

for each question:

1. quote the relevant section
2. explain what the data structure or math literally expresses
3. trace through the transaction examples step-by-step

START by explaining: value independently measured by seller - value independently measured by buyer = 0. how does the transaction JSON enforce this? why does this eliminate systemic default risk? why does this prevent monetary inflation? work through the bank operation example

then ask:

are central committees necessary when conserved inputs automate bibo stability and dynamic equilibrium naturally regulates prices?

faqs

q. is this a "cryptocurrency"?
a. no, and please use the word encryption

q. is this a "blockchain"?
a. no, and please use the word replication

q. i dont find any words used by mass & social media here. what is this?
a. encryption solves access risk. replication solves single point of failure and inconsistency risk. neither of these solutions are relevant to modeling currency as an electric current. this payment application solves contemporary economic issues by replacing "monetary" policy with a natural physical law

first, currency is modeled as a lightweight, dual positive-negative structured time-series between creditors and debitors respectively:

{
  "item": "bottled water",
  "price": "1.000",
  "quantity": "1",
  "creditor": "GroceryStore", // positive value (+)
  "debitor": "JacobWebb", // negative value (-)
  "creditor_approval_time": "2023-03-20T04:58:27.771Z",
  "debitor_approval_time": "2023-03-20T04:58:32.001Z"
}

not until transactions are typed as conserved is applying encryption and replication relevant

q. where will i bank?
a. you dont need a bank. you need accounting. if you still wish to lend your money after receiving the service of accounting, please judge the risk of the loan you intend to offer the recipient by first exploiting your access to their accounting, then assume no one except you will own that risk after you consume it

q. what is money?
a. money is accounting. when someone has a 5 in their pocket, it's because they had a credit of 5 and someone else had a debit of 5

q. what does physics have to do with accounting?
a. recording transactions between users as debit-credit pairs enforces a conservation law on value. locking down the 'how to define and optimize the flow of goods and services?' answer in a language that merges mathematical physics with computer science separates away the social from the science and the political from the economy—where high risk academia can no longer serve as a source of confusion, instability and justification for government failure. with macroaccounting requiring economic resources to be described as conserved—and not just "scarce"—individuals stay clear of the many schools of thought indulged by the convenient handwaving of macroeconomics

q. what is the equation?
a. u = transactions per second, w_i = value conserved per transaction, Mx! = value visible in a combinatorial game

q. how to explain the equation to a non engineer?
a. just say "add all the transactions conserving value every second":

q. how does standardizing financial value as a conserved quantity protect individuals?
a. applying a conservation law to financial value protects producers and consumers from an abuse of government authority. consumer wealth increases when producers increase the purchasing power of money by shipping useful r&d. but government printing money and government-chartered "bankers" expecting money are not the same types of events as producers shipping useful r&d. theyre not even the same types of events as producers shipping common goods and services since they unfairly depend on transferring their expense to everyone else. so when government authority is used to violate conservation by defining money as something you can just print and mix with failing "bank" notes, the loss of information in money from these physically negative events steals away the purchasing power created by producers, the wealth it creates for consumers and the measured value of all property

government is not above failure, nor is it entitled to steal from the private sector to conceal its failure. improving government depends on failure predicting the individuals and laws that must be replaced. flying a flag and demanding loyalty before this step is just misdirection

q. what is a bank?
a. a lending business that receives government privilege in 12 U.S.C. § 1841(c) to subsidize its cost of raising capital by anticompetitively bundling the services of 1) storing and 2) moving money with 3) offering loans:

(c) Bank Defined.-For purposes of this chapter-
   (1) In general.-Except as provided in paragraph (2), the term "bank" means any of the following:
      (A) An insured bank as defined in section 3(h) of the Federal Deposit Insurance Act [12 U.S.C. 1813(h)].
      (B) An institution organized under the laws of the United States, any State of the United States, the District of Columbia, any territory of the United States, Puerto Rico, Guam, American Samoa, or the Virgin Islands which both-
          (i) accepts demand <ins>deposits</ins> or deposits that the depositor may withdraw by check or similar means for <ins>payment</ins> to third parties or others; and
          (ii) is engaged in the business of making commercial <ins>loans</ins>.

q. how would a bank hypothetically operate in systemaccounting?
a.

[
    // Starting with a zero balance, Jane receives 1000 from her employer
    {
        "item": "weekly salary",
        "price": 1000,
        "quantity": 1,
        "creditor": "Jane", // balance increases by 1000
        "debtitor": "Jane's Employer", // balance decreases by 1000
        "debitor_approval_time": "2021-01-01T12:00:00Z",
        "creditor_approval_time": "2021-01-01T12:05:00Z"
    },
    // Jane deposits 1000 in the bank and can withdraw it whenever she wants
    {
        "item": "bank deposit",
        "price": 1000,
        "quantity": 1,
        "creditor": "Bank Of America", // balance increases by 1000
        "debtitor": "Jane", // balance decreases by 1000
        "debitor_approval_time": "2021-01-01T12:10:00Z",
        "creditor_approval_time": "2021-01-01T12:11:00Z"
    },
    // but then Bank Of America decides to lend 1000 to John the Borrower
    {
        "item": "10% promissory note of 1000",
        "price": 1000,
        "quantity": 1,
        "creditor": "John the Borrower", // balance increases by 1000
        "debitor": "Bank Of America", // balance decreases by 1000
        "debitor_approval_time": "2021-01-01T12:15:00Z",
        "creditor_approval_time": "2021-01-01T12:16:00Z" 
    },
    // Jane can't withdraw 1000 until John the Borrower redeems the promissory note from Bank Of America
    {
        "item": "redeem 10% promissory note of 1000",
        "price": 1010,
        "quantity": 1,
        "creditor": "Bank Of America", // balance increases by 1010
        "debtitor": "John the Borrower", // balance decreases by 1010
        "debitor_approval_time": "2022-01-01T12:00:00Z",
        "cred