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The effectiveness of distributed ledger technology to replicate the entropic behavior of nature
Evolutionary and Institutional Economics Review Pub Date : 2020-07-01 , DOI: 10.1007/s40844-020-00178-x
Federico José Camargo

The modern monetary systems encourage the competitive behavior which damages our environment. However, the Distributed Ledger Technology (DLT) has the potential to implement monetary systems with functionalities that encourage behaviors that benefit the environment. Therefore, the research question of this paper is: is the DLT the most efficient technology to implement a monetary rate based on entropy? Entropy is the most economical of all the physical laws of nature. Entropy reflects that energy and matter are degraded and dissipated, respectively, by their use and non-use due to the irreversible passage of time. An Entropic Monetary Rate could be considered like the Silvio Gesell´s Oxidation Rate, however, the first rate has a greater scope and a solid support based on the principles of physics. This theoretical research compares the scope of the implementation of an Entropy Monetary Rate through DLT, paper money and digital money. The main contribution of this work is to reflect the effectiveness of the DLT to apply an Entropic Monetary Rate with the purpose to replicate the natural functioning of the environment to the entire monetary system.

中文翻译:

分布式分类帐技术复制自然的熵行为的有效性

现代货币体系鼓励竞争行为破坏我们的环境。但是,分布式分类帐技术(DLT)有潜力实施具有鼓励行为的,有利于环境的功能的货币系统。因此,本文的研究问题是:DLT是实现基于熵的货币汇率的最有效技术吗?熵是所有自然物理定律中最经济的。熵反映出由于不可逆的时间流逝,能量和物质的使用和不使用分别使能量和物质降解和耗散。可以将熵货币速率视为Silvio Gesell的氧化速率,但是,基于物理原理,第一速率具有更大的范围和坚实的支持。这项理论研究比较了通过DLT,纸币和数字货币实现的熵值货币汇率的范围。这项工作的主要贡献是反映了DLT运用熵值货币利率的有效性,目的是将环境的自然功能复制到整个货币体系中。
更新日期:2020-07-01
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