“Act-Coin” / Memorable Fancies #756

["…behavior swaps and dumps.” – Ben Marcus]      Behaviors are now treated as assets. They’re priced and traded. Financial touts admonish investors on their relative merits, like horses at the track. Value is created by act-miners who behave in certain ways; their actions are captured and recorded, deposited in the Act Bank. Bundles of acts are created and collateralized.      After a few months there is a panic on the exchanges, rumors of defaults and SEC investigations. Despairing … [Read more...]