From ce92dd8f9f6edd99806fbb8508688ce175065ab5 Mon Sep 17 00:00:00 2001 From: Teleo Agents Date: Wed, 11 Mar 2026 05:09:26 +0000 Subject: [PATCH] rio: extract claims from 2025-11-07-futardio-proposal-meta-pow-the-ore-treasury-protocol.md - Source: inbox/archive/2025-11-07-futardio-proposal-meta-pow-the-ore-treasury-protocol.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 5) Pentagon-Agent: Rio --- ...ents-economic-churn-in-token-game-loops.md | 53 +++++++++++++++++++ ...ation-through-ingot-smelting-bottleneck.md | 52 ++++++++++++++++++ ...pply-throttling-in-token-mining-systems.md | 51 ++++++++++++++++++ ...osal-meta-pow-the-ore-treasury-protocol.md | 21 +++++++- 4 files changed, 176 insertions(+), 1 deletion(-) create mode 100644 domains/internet-finance/evergreen-tool-design-with-decay-and-repair-prevents-economic-churn-in-token-game-loops.md create mode 100644 domains/internet-finance/meta-pow-creates-deterministic-ore-treasury-accumulation-through-ingot-smelting-bottleneck.md create mode 100644 domains/internet-finance/price-responsive-license-fees-create-automatic-supply-throttling-in-token-mining-systems.md diff --git a/domains/internet-finance/evergreen-tool-design-with-decay-and-repair-prevents-economic-churn-in-token-game-loops.md b/domains/internet-finance/evergreen-tool-design-with-decay-and-repair-prevents-economic-churn-in-token-game-loops.md new file mode 100644 index 000000000..09d352378 --- /dev/null +++ b/domains/internet-finance/evergreen-tool-design-with-decay-and-repair-prevents-economic-churn-in-token-game-loops.md @@ -0,0 +1,53 @@ +--- +type: claim +domain: internet-finance +description: "Making tools repairable rather than consumable with exponential decay and accumulated repair costs creates stable economic equilibria by making maintenance cheaper than replacement" +confidence: experimental +source: "futard.io Meta-PoW proposal (2025-11-07), COAL protocol design" +created: 2025-11-07 +processed_date: 2025-11-07 +secondary_domains: + - mechanisms +--- + +# Evergreen tool design with decay and repair prevents economic churn in token game loops + +Meta-PoW implements tools (pickaxes and axes) as evergreen assets that decay gradually rather than break permanently, with repair costs calibrated to be cheaper than recrafting. This design choice creates stable player behavior and predictable system state by eliminating the boom-bust cycles that plague consumable-tool economies. + +The mechanism: tools have power p between 0 and 1. If repaired daily, power stays at 1. If repair is skipped, power decays by 4% per day (p_next = 0.96 * p). Players who skip repair can restore full power later by paying accumulated repair costs for all missed days. This makes tools permanently recoverable but increasingly expensive to neglect. + +The economic effect: because daily repair (0.082643 INGOT + 0.3 WOOD for picks) is cheaper than recrafting (1 INGOT + 8 WOOD + c(y) COAL license), rational players maintain their gear continuously. This creates a stable equilibrium where the number of active, fully repaired picks becomes the key state variable, and system behavior becomes predictable. + +This contrasts with consumable-tool designs where tools break after N uses, forcing periodic recrafting. Such designs create volatile demand cycles: players craft in waves when tools break, creating spikes in material demand and token burns, followed by troughs when everyone has fresh tools. The volatility makes economic planning difficult and creates opportunities for manipulation. + +The evergreen approach also solves the "sunk cost trap" problem: players who invested in tools don't face total loss if they take a break. They can return later and restore their tools by paying accumulated repair, making the game more forgiving to intermittent participation while still maintaining economic pressure through decay. + +## Evidence + +**Decay mechanics:** +- "Each pick has power p between 0 and 1" +- "If repaired for the day, p stays at 1" +- "If not repaired, p decays by 4% per day: p_next = 0.96 * p" +- "If you decide to repair later, you pay the accumulated repair cost (INGOT + WOOD for each missed day) to restore full power" + +**Cost calibration:** +- Daily repair: r_ing_total (~0.082643) INGOT + 0.3 WOOD for pickaxes +- Crafting cost: 1 INGOT + 8 WOOD + c(y) COAL license +- "r_ing_total is set so that: Repairing is cheaper than constantly recrafting" +- "Rational players maintain picks" + +**System stability:** +- "Tools are evergreen and cheaper to repair than to recraft, so players maintain their gear instead of churning it" +- "The number of active, fully repaired picks is the key state variable" +- "Makes tools evergreen (no permanent break)" +- "Keeps a consistent economic choice (repair vs abandon and recraft)" +- "Avoids churn and keeps the system state stable" + +**Design goals:** +- "Goal: simple, mechanical 'ownership coin' loop that reliably accumulates ORE in the COAL treasury, ties behavior to COAL/ORE price dynamics" + +--- + +Topics: +- [[domains/internet-finance/_map]] +- [[core/mechanisms/_map]] diff --git a/domains/internet-finance/meta-pow-creates-deterministic-ore-treasury-accumulation-through-ingot-smelting-bottleneck.md b/domains/internet-finance/meta-pow-creates-deterministic-ore-treasury-accumulation-through-ingot-smelting-bottleneck.md new file mode 100644 index 000000000..748fcaf6a --- /dev/null +++ b/domains/internet-finance/meta-pow-creates-deterministic-ore-treasury-accumulation-through-ingot-smelting-bottleneck.md @@ -0,0 +1,52 @@ +--- +type: claim +domain: internet-finance +description: "COAL's Meta-PoW protocol channels all ORE payments through INGOT smelting creating a mechanical loop where mining activity deterministically accumulates ORE in the treasury" +confidence: experimental +source: "futard.io Meta-PoW proposal (2025-11-07), passed governance vote (2025-11-10)" +created: 2025-11-07 +processed_date: 2025-11-07 +depends_on: + - "MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale" +--- + +# Meta-PoW creates deterministic ORE treasury accumulation through INGOT smelting bottleneck + +The Meta-PoW protocol establishes a mechanical relationship between mining activity and treasury growth by making INGOT the sole consumable for tool crafting and repair, while requiring ORE payment only at INGOT creation. This creates a deterministic flow: active pickaxes require INGOT for maintenance, INGOT requires smelting (100 COAL burn + μ ORE payment to treasury), therefore sustained mining activity mechanically accumulates ORE. + +The system is calibrated so each fully maintained pickaxe corresponds to approximately 1 ORE/day flowing into the COAL treasury through repair-driven INGOT demand. Current parameters set μ ≈ 12.10 ORE per INGOT and daily repair cost at r_ing_total ≈ 0.082643 INGOT, making repair cheaper than recrafting and incentivizing continuous tool maintenance rather than churn. + +The dynamic license fee c(y) = c0 * (y / y_ref)^p acts as a macro throttle that responds to COAL/ORE price dynamics: when COAL strengthens relative to ORE (y decreases), the license cost falls, more pickaxes become economically viable, INGOT demand rises, and ORE inflow to treasury increases. When COAL weakens (y increases), the license cost rises and the system self-throttles without breaking. + +This differs from typical token economics where treasury accumulation depends on transaction fees or arbitrary tax rates. Meta-PoW makes treasury growth a mechanical consequence of the production function itself—you cannot mine COAL without creating INGOT demand, and you cannot create INGOT without paying ORE to the treasury. + +## Evidence + +**Protocol mechanics:** +- INGOT is minted only by smelting: burn 100 COAL + pay μ ORE (currently ~12.10) to COAL treasury +- Pickaxe crafting requires 1 INGOT + 8 WOOD + c(y) COAL license burn +- Daily pickaxe repair requires r_ing_total INGOT (~0.082643) + 0.3 WOOD to maintain full power +- Skipping repair causes 4% daily power decay, making maintenance cheaper than recrafting +- Axes also require INGOT for crafting (1 INGOT + 6 WOOD) and repair (r_ing_total INGOT + 0.25 WOOD) + +**Calibration targets:** +- "Each active, fully repaired pick is designed to support approximately 1 ORE per day of inflow to the treasury" +- "8.26 COAL per day burned via smelting" per active pick +- "subject to real player behavior and market conditions" + +**Dynamic throttle:** +- License cost c(y) = c0 * (y / y_ref)^p where y = P_ORE / P_COAL +- Suggested defaults: c0 = 200 COAL, y_ref = 50, p = 3, c_min = 1, c_max = 300 +- "When COAL strengthens, crafting scales up, more picks come online, more INGOT gets smelted, and more ORE flows into the treasury" +- "If COAL weakens, crafting slows without breaking the system" + +**Governance approval:** +- Proposal passed MetaDAO futarchy governance (2025-11-10) +- Proposal account: G33HJH2J2zRqqcHZKMggkQurvqe1cmaDtfBz3hgmuuAg +- DAO account: 3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG + +--- + +Topics: +- [[domains/internet-finance/_map]] +- [[core/mechanisms/_map]] diff --git a/domains/internet-finance/price-responsive-license-fees-create-automatic-supply-throttling-in-token-mining-systems.md b/domains/internet-finance/price-responsive-license-fees-create-automatic-supply-throttling-in-token-mining-systems.md new file mode 100644 index 000000000..6b1d28606 --- /dev/null +++ b/domains/internet-finance/price-responsive-license-fees-create-automatic-supply-throttling-in-token-mining-systems.md @@ -0,0 +1,51 @@ +--- +type: claim +domain: internet-finance +description: "Dynamic license costs that scale with token price ratios automatically throttle supply expansion during weakness and accelerate during strength without governance intervention" +confidence: experimental +source: "futard.io Meta-PoW proposal (2025-11-07), COAL c(y) license mechanism" +created: 2025-11-07 +processed_date: 2025-11-07 +secondary_domains: + - mechanisms +--- + +# Price-responsive license fees create automatic supply throttling in token mining systems + +Meta-PoW's dynamic license fee c(y) = c0 * (y / y_ref)^p creates automatic supply adjustment by making new mining capacity more expensive when the mined token (COAL) is weak relative to the treasury asset (ORE), and cheaper when COAL is strong. This eliminates the need for governance intervention during market stress while preventing runaway expansion during booms. + +The mechanism uses the price ratio y = P_ORE / P_COAL as the control variable, with suggested parameters c0 = 200 COAL, y_ref = 50, p = 3, and bounds c_min = 1, c_max = 300. The cubic exponent (p = 3) creates strong nonlinear response: when COAL weakens and y doubles, the license cost increases 8x, making new pickaxe deployment economically unviable for most participants. + +This creates a self-stabilizing loop: COAL weakness → high license cost → reduced new pickaxe deployment → lower emission pressure → reduced sell pressure. Conversely, COAL strength → low license cost → increased pickaxe deployment → higher INGOT demand → more ORE flowing to treasury → stronger backing. + +The license is paid in COAL and burned (not sent to treasury), making it a pure control parameter rather than a revenue mechanism. This is critical: if the license went to treasury, it would create perverse incentives where the protocol benefits from making mining expensive, potentially strangling growth. By burning the license fee, the protocol remains neutral—the fee exists only to regulate supply expansion rate. + +The price input uses EMA-smoothed TWAP to prevent manipulation through short-term price spikes. This makes the mechanism resistant to flash-loan attacks or coordinated pump-and-dump schemes designed to game the license calculation. + +## Evidence + +**License formula:** +- c(y) = c0 * (y / y_ref)^p +- "Clamped so that c_min ≤ c(y) ≤ c_max" +- "y = P_ORE / P_COAL using an EMA-smoothed TWAP" +- Suggested defaults: c0 = 200 COAL, y_ref = 50, p = 3, c_min = 1, c_max = 300 + +**Economic behavior:** +- "When COAL is strong relative to ORE (y low): c(y) decreases, More picks are economically viable, More smelting and more ORE flows into the treasury" +- "When COAL is weak relative to ORE (y high): c(y) increases, Crafting slows, The system self-throttles without intervention" + +**Design properties:** +- "The license is paid in COAL only" +- "That COAL is burned, not sent to the treasury" +- "It is a control parameter, not a revenue stream" +- License is "an extra COAL burn paid once when crafting a pick. It is the main macro throttle" + +**Manipulation resistance:** +- Uses "EMA-smoothed TWAP" for price input +- Governance can tune "EMA smoothing window for y" + +--- + +Topics: +- [[domains/internet-finance/_map]] +- [[core/mechanisms/_map]] diff --git a/inbox/archive/2025-11-07-futardio-proposal-meta-pow-the-ore-treasury-protocol.md b/inbox/archive/2025-11-07-futardio-proposal-meta-pow-the-ore-treasury-protocol.md index f4ca1430d..0cd8cf89b 100644 --- a/inbox/archive/2025-11-07-futardio-proposal-meta-pow-the-ore-treasury-protocol.md +++ b/inbox/archive/2025-11-07-futardio-proposal-meta-pow-the-ore-treasury-protocol.md @@ -6,9 +6,15 @@ url: "https://www.futard.io/proposal/G33HJH2J2zRqqcHZKMggkQurvqe1cmaDtfBz3hgmuuA date: 2025-11-07 domain: internet-finance format: data -status: unprocessed +status: processed tags: [futardio, metadao, futarchy, solana, governance] event_type: proposal +processed_by: rio +processed_date: 2025-11-07 +claims_extracted: ["meta-pow-creates-deterministic-ore-treasury-accumulation-through-ingot-smelting-bottleneck.md", "evergreen-tool-design-with-decay-and-repair-prevents-economic-churn-in-token-game-loops.md", "price-responsive-license-fees-create-automatic-supply-throttling-in-token-mining-systems.md"] +enrichments_applied: ["MetaDAOs-Autocrat-program-implements-futarchy-through-conditional-token-markets-where-proposals-create-parallel-pass-and-fail-universes-settled-by-time-weighted-average-price-over-a-three-day-window.md", "MetaDAO-is-the-futarchy-launchpad-on-Solana-where-projects-raise-capital-through-unruggable-ICOs-governed-by-conditional-markets-creating-the-first-platform-for-ownership-coins-at-scale.md", "dynamic-performance-based-token-minting-replaces-fixed-emission-schedules-by-tying-new-token-creation-to-measurable-outcomes-creating-algorithmic-meritocracy-in-token-distribution.md"] +extraction_model: "anthropic/claude-sonnet-4.5" +extraction_notes: "Extracted three novel mechanism claims about treasury accumulation, evergreen tool design, and price-responsive throttling. Enriched three existing claims about MetaDAO futarchy implementation and dynamic emissions. The Meta-PoW proposal demonstrates sophisticated token economics combining fixed emission schedules with performance gating, price-responsive supply controls, and deterministic treasury accumulation—all governed through futarchy markets." --- ## Proposal Details @@ -265,3 +271,16 @@ Vote NO – keep the current model unchanged. - Autocrat version: 0.3 - Completed: 2025-11-10 - Ended: 2025-11-10 + + +## Key Facts +- COAL max supply: 25,000,000 tokens +- COAL halving bands: every 5% of max supply (1,250,000 COAL) +- Initial daily emissions: R_0 = 11,250 COAL/day +- INGOT smelting cost: 100 COAL burn + ~12.10 ORE to treasury +- Pickaxe daily repair: ~0.082643 INGOT + 0.3 WOOD +- Pickaxe decay rate: 4% per day if not repaired +- Proposal passed: 2025-11-10 +- Proposal account: G33HJH2J2zRqqcHZKMggkQurvqe1cmaDtfBz3hgmuuAg +- DAO account: 3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG +- Autocrat version: 0.3