Help me be wrong about Index Wallets

.22 ETH

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

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The only problem is externality pricing.

Building https://negationgame.com

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
- ...

Founder of NGMI Foundation, donating to the market since 2017

- which poses the same issue that prevents wider adoption of Bitcoin that vendors don’t want to accept something whose price they can’t rely on 
- …

- An index wallet sounds like you pay with a proportionate representation of your wallets’ portfolio, which aside from encouraging use of public goods tokens,

I can’t see why users would be motivated to prefer this apart from maintaining your wallet portfolio percentages and not having to choose a specific currency which could be maintained by other novel mechanisms
- …

- A bigger issue is deflation of the public goods’ token mitigated when it appears there is only an issuance mechanism and no burning mechanism.

- Price is determined by last successful transaction, which is dynamic and can occur outside of the exchanging for goods or services in your examples, such as direct trades of say USDC-EXAMPL 
- ...

But if the mechanism works on proportionality, and portion of infinity is infinity. Unless I misunderstand

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