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Record W2971458430 · doi:10.69554/odmk9746

Who will make money? Tokens and the ‘5Cs’ of future currency

2018· article· en· W2971458430 on OpenAlexaff
David G. Birch

Bibliographic record

VenueJournal of payments strategy & systems · 2018
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicEuropean Monetary and Fiscal Policies
Canadian institutionsHyperion Technologies (Canada)
Fundersnot available
KeywordsCurrencyMonetary economicsEconomicsBusiness

Abstract

fetched live from OpenAlex

The technologies that have changed the payments industry have, because of their distributed and decentralising nature, the potential to change money itself. The change to smart money — money with a memory, interfaces and the ability to make decisions — has wide-ranging implications, starting with the disruption of the post-1971 world of purely fiat currencies. Given that these technologies mean that literally anyone can create smart money, who will? Is the future Bitcoins or Britcoins? This paper explores the new technology of cryptocurrency ‘tokens’ before going on to explore five potential issuers of token-based smart money: central banks, commercial banks, cryptography, companies and communities. Looking at each of these in some detail, it concludes that the apparently radical scenario of multiple currencies more closely linked to communities is both plausible and, for a number of reasons, desirable.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Observational · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.712
Threshold uncertainty score0.371

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0010.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0010.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.000
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.024
GPT teacher head0.224
Teacher spread0.200 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designObservational
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations2
Published2018
Admission routes1
Has abstractyes

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