So there's a metaverse game that's on one of the longest Bitcointalk.org forum altcoin creators and he created an interstellar game where each planet has a nation and that nation has a currency that either he created on a blockchain and moved off to Open-Transactions contracts then to STELLAR and Horizon (yes the NXT clone with HZ currency) as assets/tokens representing each of the nations blockchain born currencies. You'll find some you recognize and some if you weren't around in 2011 that you gotta do a little historical research on. But I was thinking about this meta game and its last 11.5 years. It even existed before Bitcoin blockchain currencies. Why DO we allow ourselves to have more than one national currency these days? That is fiat issued debt money by central banks? In the end its all about closed circuit systems, CB to Bank, Bank to CB. Customers withdrawing cash merely get IOUs from the Central Bank (in our case "Federal Reserve Notes" accepted everywhere by mandate and false trust in a system that burned us all at least once in our adult livelihood - as a millennial the 2008-today period has been a real kick in the sack.
I think the game teaches a lot though. Even though each nation or "civilisation" of planets has their own national blockchain currencies (7 were private made from early 2010 bitcoin client modifications to the conf file/testnets and the rest were publicly released outside this game here on this forum) - the treasuries work that every currency and every share of the corps within these planets in this game back each currency in the treasuries system. So everything that backs one particular coin in the treasury has a value for each coin per unit. To get the price per coin you take the treasuries value back each coin and divide it by the amount of blockchain coins minted per that unit. To do this he runs a script over and over looped until every value backing every chose coin in the system works in all directions. It's some pretty advanced computational cycled math. If there was a worldwide treasury backing a total of under say, 42 national currencies and it worked like that, that would make sense to me and also encourage everyone with a national currency to be as responsible and honest with its issuance/rates. In that system the only one who screws up their currency with everyone else backing it is the issuer imo.
Here's a bitcointalk post by 'markm' explaining the treasuries system from recently in early 2022:
https://bitcointalksearch.org/topic/m.59411967By GM he means the Galactic Milieu.
The Milieu uses "treasuries" for assets so that the game does not need to try to rely upon having enough players constantly actively "playing the markets", arbitraging between different "spot markets" and so on acting as a form of "price discovery" for the various currencies and assets used in the game in order to calculate relative values for those currencies and assets.
Such assets / currencies include, among many others, DeVCoin, IXCoin, I0Coin and so on.
DF refers to the Devcoin Foundation, which currently the game is not actually computing a per-share value for based upon an official "treasury" maintained for that purpose, but which nonetheless does in practice hold a treasury of assets.
The game does not currently need to include DF in its calculations, so it seems likely what was really intended to be referred to was DeVCoin's treasury from which a value per DeVCoin is calculated when the Latest Rates include-file is generated. (The rest of the tables and plots linked at
http://galaxies.mygamesonline.org/digitalisassets.html are all computed from the Latest Rates include-files, updated each time a new Latest Rates file is uploaded.)
IXCoin, I0Coin, TeneBriX, FairBrix, Gold Pressed Latinum Classic (GPL), Gold Pressed Latinum 2 (or 3.0 in actual code version I think: GPL2) and so on and so on each have a "treasury" from which the game calculates the value-per-coin by dividing the total value of the treasury by the number of coins minted.
Not everything in an asset's treasury is visible in the HORIZON account used as main treasury; there are some things that are not recorded in HORIZON such as Collateral Units and shares of General Hosting Corp. But all the HORIZON assets in the treasury are in the treasury account.
Things like IXCoin are relevant to DeVCoin and a whole bunch of other coins because IXCoin is considered a "reserve asset", that is, it is an asset that can be held in Treasuries that are used to calculate the value per coin or per share of other currencies, Corps etc.
IXCoin's own Treasury account on HORIZON is the account NHZ-5A29-DGYZ-W64Y-2DDEU
IXCoin's latest computed value based on its Treasury is, as shown in the current Latest Rates include-file, IXCrate=622.28180647 DeVCoins. (You can tell that copy of the Latest Rates file is denominated in DeVCoins from the fact that it shows DVCrate=1.00000000; whichever asset it is recomputed to be denominated in will show as 1.00000000. DeVCoin is the default simply because historically DeVCoin tended to have the smallest value-per-coin thus using it to denominate all the others provided the finest granularity of values.)
I see that IXCoin's treasury does not directly contain any DeVCoins per se right now, however it does contain shares of DeVCorp and of GFC (sDVCrate=1265699.22523802, sGFCrate=4948598.18878723) both of which are highly sensitive to the value of a DeVCoin, so it is in the interests of IXCoin to uphold the value of DeVCoin as well as those of the many other coins and assets that form its Treasury just as it is in the interests of all those that hold, or intend to hold, IXCoin in their own Treasuries to uphold the value of IXCoin.
The many coins and assets are thus very intertwined, with an interest in upholding the value of the whole Galactic Milieu family of currencies and assets.
You can review the various assets on the HORIZON platform and the Stellar platform at
http://makemoney.knotwork.com/-MarkM-
To me the game really is a big simulation on what a one world treasury might bring about in the end...
More info on the metaverse/metagame Galactic Milieu (economics):
https://www.devtome.com/galactic_milieuHere's a calculator with every treasuries currency from the game that can help you get values for any coin against another one of our Devcoin developers did to speed up rates based on the last time the currencies script was run (markm runs maybe 1-2 times a month based on his game):
https://latestrates.traxo.me/?from=DVC&to=USDHere's the best update he's given in 2022 as well with ELI5 type talk and how the in-game economics really do cross over to the real world since blockchain has made real money from what began as valueless or game currencies (remember Bitcoin was bootstrapped in a big way by VirWoX + Second Life. A writer who covered it in 2013 during Bitcoin's bull run mentioned he had L$ from simply logging into Second Life daily from an early time in the 2000's and used that money to buy a good amount of Bitcoin (BTC) off VirWoX!
2022 Update (Freeciv, Galactic Milieu treasuries):
http://forum.freeciv.org/f/viewtopic.php?f=16&t=92170&p=104907#p104907Sometimes the best way to create a working system in the real world is to test it with the world of real people connected to the internet inside of a simulation/game...