Monday, June 15, 2020

Proposed Global Compact for Algorithmic Price Discovery (Supercomputer Agenda)

This document, the Global Compact for Algorithmic Price Discovery (GCAPD), establishes the constitutional framework for the deployment and governance of the Supercomputer infrastructure and enhanced algorithms necessary to host the World's Most Advanced Price Discovery Mechanism. Its core purpose is to ensure the integrity, transparency, and fairness of the dynamic price-setting process for the Primary (Mega) BP Money Index and its associated Secondary Sub-Indices, thereby underpinning the stability of the Full Employment Microeconomic Liberalisation's Free World Industrial Settlement (FWIS).

Article I: Establishment and Mandate


Section 1.01. The Supercomputer Network: A globally distributed network of High-Performance Computing (HPC) and, where applicable, Quantum-Centric Supercomputers (collectively, "The Network") shall be established and maintained under the oversight of the Global Economic Settlement Authority (GESA) to serve as the sole computational engine for the Price Discovery Mechanism.

Section 1.02. Price Discovery Mandate: The Network's primary, non-negotiable function concerning price shall be to:
  • Establish the Primary (Mega) BP Money Index Value: The foundational, dynamically computed value of the universal unit of account (BP Money), reflecting real-time global economic productivity, resource availability, and the aggregate value of the FWIS's industrial base.
  • Determine Secondary Sub-Indices: Set the dynamic prices for all major commodities, services, labor classifications, and industrial components indexed to the Primary Index, ensuring localized, equilibrium, and optimal pricing across the entire economic universe.

Article II: Algorithmic Governance and Integrity (The 'Black Box' Resolution)


Section 2.01. Algorithmic Veracity and Auditability:
  • Source Code and Logic: The Enhanced Dynamic Pricing Algorithms (EDPA), including all Machine Learning (ML) models and Reinforcement Learning (RL) agents, shall be developed using verifiable, open-source principles. The core computational logic must be capable of being reproduced and audited by independent, multi-jurisdictional GESA-certified computational auditors.
  • Real-Time Data Streams: All input data streams utilized for price calculation (e.g., real-time supply chains, inventory, demand indicators, energy consumption, and Multi-Roster labor inputs) must be cryptographically secured, timestamped, and their provenance verifiable to ensure the veracity and truthfulness of the inputs to the EDPA.
Section 2.02. Virtue and Integrity Constraints:
  • No Collusion: The EDPA is constitutionally prohibited from incorporating any logic or training data that facilitates, incentivizes, or results in tacit or explicit algorithmic collusion or anti-competitive price setting.
  • Non-Discriminatory Pricing: Price calculations for the Secondary Sub-Indices must be non-discriminatory based on geography, user identity, or other non-economic factors, reflecting only true supply/demand, logistical, and scarcity cost differentials.
  • Contestability and Redress: A mechanism for contestability must be hard-coded. Any market participant who can demonstrate, through auditable data, a sustained and material deviation from true equilibrium price can trigger an expedited algorithmic review and correction process overseen by GESA's Judicial Arm.

Article III: Global Deployment and Rationalization


Section 3.01. Global Distribution and Security:
  • Decentralized Deployment: The Network shall be physically distributed across a minimum number of sovereign jurisdictions to ensure geographic and political redundancy and prevent centralized control.
  • Security Protocol: The Network must adhere to the highest international standards for cybersecurity, utilizing quantum-resistant cryptography for all data and transaction security relating to the BP Money Index.
Section 3.02. Digital Transformation and Rationalization:
  • Mandatory Modernization: All national and industrial economic data capture systems interfacing with The Network are required to undergo a complete digital transformation and rationalization, adhering to uniform global data standards (interoperability protocols).
  • Elimination of Redundancy: The Compact serves as the catalyst for the cultural and normative shift away from redundant, localized, and opaque price-setting mechanisms (manual trading floors, closed-market systems) toward the new global orthodoxy of real-time, algorithmic equilibrium pricing.

Article IV: Value-Creation and Prosperity


Section 4.01. Economic Efficiency and Stability:

The deployment of the Price Discovery Mechanism via The Network is mandated to maximize value-creation through optimal resource allocation and price stability, thereby reducing economic volatility and uncertainty.

The EDPA shall prioritize the long-term social and economic prosperity of the FWIS by ensuring that prices accurately reflect sustainable and ethical production costs, rather than speculative or extractive interests.

Section 4.02. Computational Resource Allocation:

Computational power for the Price Discovery Mechanism must be provisioned and maintained with guaranteed priority, reflecting its status as a core component of the global financial infrastructure. No other function on the Supercomputer Network (e.g., Multi-Roster optimization) shall be permitted to compromise the real-time operation or security of the price-setting algorithms.

Article V: Amendment and Interpretation


Section 5.01. Amendment Process: This Compact may only be amended by a super-majority vote of the Global Economic Settlement Authority (GESA) and a concurrent review and validation by the Global Supercomputer Authority (GSA) to ensure all changes remain computationally feasible and maintain the integrity of the EDPA.

Section 5.02. Judicial Interpretation: The Judicial Arm of GESA shall be the final arbiter of all disputes arising under this Compact, with decisions guided by the core principles of veracity, integrity, non-discrimination, and maximal global utility.


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