Economics

Receipt-gated minting, tax, and thickness

The economic mechanisms that are actually implemented.

Receipt-gated minting IMPLEMENTED

A node earns minted output only by relaying work between two independent peers — relaying is a three-party act (originator, carrier, receiver). The self-reported contribution path was removed (Phase 6). With fewer than three independent peers, the mint correctly produces nothing, because there is no third party whose traffic can be carried.

src/economics/mint.rs, README.md

Georgist resource accounting IMPLEMENTED

The economic engine applies a Georgist frame: resources are priced by use rather than hoarded, with a tax-and-redistribution cycle per epoch. Amounts are integer basis points — no floating point on the vouch path — so independent nodes reach byte-identical results.

src/economics/tax.rs, src/economics/mod.rs

Thickness — the provenance graph IMPLEMENTED

Thickness is the influence metric, and it is derived, not stored: each node computes it at read time from stored inputs (basis points). A chained clawback unwinds the downstream effect when a source contribution is revoked, so a liquidated source cannot leave ghost influence behind. Nonces are strictly sequential; gaps are filled by a fetch protocol.

src/ledger/thickness.rs, src/ledger/validation.rs

What economics does not grant

Contribution ≠ Standing ≠ Attention. A node's balance or thickness reflects demonstrated contribution only. It does not grant political standing, governance authority, or attention. Standing and Attention are CONCEPTUAL — specified constitutional principles (Institute protocol chapters 7 and 11), not yet instantiated in the engine.