Help me be wrong about Index Wallets

.22 ETH

Everything you should need to know can be found here:
preprint.indexwallets.org

This bounty has various sub-bounties, when the money is used up it's gone. 

See next cast for sub-bounties

@bountybot

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The only problem is externality pricing.

Building https://negationgame.com

*index wallets can't be used to fund public goods*

Show that it's not actually feasible for index wallets to be used for funding public goods.

Assume that an economy has high adoption of index wallets and a public good some subgroup cares about, make an argument that that's insufficient for the good to be funded.

*index wallet don't have wealth equalizing dynamics*

In an economy with high adoption of index wallets and a steady creation of new public goods currencies, make an argument that this doesn't actually lead to wealth equalizing dynamics.

Wealth eq means the gap between rich and non-rich shrinks.

*there's a way to evade the voluntary taxation*

The assumption of index wallets is that they tax you using incentives based on your private belief of your wealth. Show that doesn't work there's a scheme for a player to evade voluntary taxation by moving money around.

*index wallet economies don't settle to a shared valuation at steady state*

It's thought to be likely, and maybe important, that index wallet economies tend to settle to a shared valuation for everyone in that community after the economy has run for long enough

A person is "in" an economy if they both buy and sell

*they don't favor local businesses*

Some of us believe that index wallets are likely to make local businesses more competitive than nonlocal businesses (multinationals or just from out of town). Earn .011 ETH to show this is not the case

If you have any questions about these or want to share a draft to get early feedback, please let me know

Bounties on .22 ETH:
30% - index wallet economies don't settle to a shared valuation at steady state
25% - index wallet don't have wealth equalizing dynamics
100% - index wallets can't be used to fund public goods
100% - there's a way to evade the voluntary taxation*
5% - they don't favor local businesses

Founder of NGMI Foundation, donating to the market since 2017

Yep that's correct. If you have a 0% endorsement and the only thing in their wallet is that currency it will be infinitely expensive to transact (i.e. it will fail).

But if that 0% endorsed currency is only one of many it will still be possible just expensive

Hey @nor, my understanding of Index Wallets highlights the following:
- 'value' appears to be a preference not price, what if my preference is 0% that token? Then the mechanism will charge you an infinite quantity of said token and the payment will still fail
- ...

Storytelling | Curating cool stuffs on Farcaster  👾

Web3 builder exploring Warpcast | Visual designer 

I didn't know the bounty had a deadline. Feel free to submit when you would like. End of this week would be good timing so I can review

Hey @vibrantty, did you manage to make progress on your submission?

Gm @nor I got stucked working on a prose for this project then I figured it out, I should turn in my submission soon but i would like to know when is the final deadline