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Loom Electronic Accounting SystemSubmitted by Bill St. Clair on Mon, 2007-12-31 04:53.
Loom.cc is Patrick Chkoreff's general-purpose digital accounting system. It enables creation of asset types, and accounts in each type. It is basically a huge, sparsely-populated spreadsheet, with 2^128 rows and 2^128 columns. Each column is an asset type. Each row is a "folder". Each "location" (spreadsheet cell) holds a single 128-bit number. The "issuer" location for each column contains a negative number, initial -1, and the other locations hold positive numbers. The sum of all the locations in a column is always -1. Units of each asset are created by decrementing the issuer location and incrementing another location. Your folder is a location for each asset that you hold. You buy a location by exchanging "usage tokens", asset number 0, with the loom system. You must be given the location of some usage tokens to buy your folder and exchange locations. You trade with another user by one of you purchasing an exchange location, then moving funds from your personal folder to that location, and telling the other person the exchange location. You can then release the exchange location, and get back the usage tokens you used to purchase it, or continue to use it for exchanges with the other party. The system allows you to assign names to locations, so that you can easily recognize them. It also provides transaction history, if you enable it. Security is through secrecy of the locations. Given how hard it is to guess a 128-bit number, that's pretty good security. There's even an on-screen keyboard for typing location numbers, to make it harder for keystroke loggers. You're still trusting the security of https encryption, and, most of all, you're trusting the security and integrity of loom.cc. Caveat emptor. I have not yet discovered any way to get an "invitation" location, containing usage tokens required to create your initial folder, though the e-gold vendors who use loom.cc will likely provide that. Some of the articles about the Loom system say that it's open source, but I haven't found any links to the source. The grid itself could be implemented as a B-Tree, living in a single file, but Patrick Chkoreff likely used a commercial database. Interesting links: loom.cc news dgcblog video tutorial DGC Blog Loom articles CyberspaceATM, another Loom implementation add new comment | quote | 621 reads
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BlogrollLewRockwell.comQuotesEvery man, woman, and responsible child has an unalienable individual, civil, Constitutional, and human right to obtain, own, and carry, openly or concealed, any weapon -- rifle, shotgun, handgun, machinegun, anything -- any time, any place, without asking anyone's permission. -- L. Neil Smith Reread that pesky first clause of the Second Amendment. It doesn't say what any of us thought it said. What it says is that infringing the right of the people to keep and bear arms is treason. What else do you call an act that endangers "the security of a free state"? And if it's treason, then it's punishable by death. I suggest due process, speedy trials, and public hangings. -- L. Neil Smith Based on 253 journal articles, 99 books, 43 government publications, and some of its own empirical work, the panel couldn't identify a single gun control regulation that reduced violent crime, suicide or accidents. -- John Lott, commenting on the National Academy of Sciences report (PDF) on gun control laws Zero Aggression Principle ("Zap") "A libertarian is a person who believes that no one has the right, under any circumstances, to initiate force against another human being, or to advocate or delegate its initiation. Those who act consistently with this principle are libertarians, whether they realize it or not. Those who fail to act consistently with it are not libertarians, regardless of what they may claim." -- L. Neil Smith Formerly called the "Non-Aggression Principle", or "NAP" Why Did It Have to be... Guns? Make no mistake: all politicians -- even those ostensibly on the side of guns and gun ownership -- hate the issue and anyone, like me, who insists on bringing it up. They hate it because it's an X-ray machine. It's a Vulcan mind-meld. It's the ultimate test to which any politician -- or political philosophy -- can be put. If a politician isn't perfectly comfortable with the idea of his average constituent, any man, woman, or responsible child, walking into a hardware store and paying cash -- for any rifle, shotgun, handgun, machinegun, anything -- without producing ID or signing one scrap of paper, he isn't your friend no matter what he tells you. If he isn't genuinely enthusiastic about his average constituent stuffing that weapon into a purse or pocket or tucking it under a coat and walking home without asking anybody's permission, he's a four-flusher, no matter what he claims. What his attitude -- toward your ownership and use of weapons -- conveys is his real attitude about you. And if he doesn't trust you, then why in the name of John Moses Browning should you trust him? -- L. Neil Smith "Tell me," I was once asked, "What do you think about gun control? Give me the short answer." To which I replied, "If you try to take our firearms we will kill you." -- Mike Vanderboegh The state can only survive as long as a majority is programmed to believe that theft isn't wrong if it's called taxation or asset forfeiture or eminent domain, that assault and kidnapping isn't wrong if it's called arrest, that mass murder isn't wrong if it's called war. -- Bill St. Clair TTLB |
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