Subject: Re: United Linux, virtual spot markets
From: "Karsten M. Self" <>
Date: Thu, 30 May 2002 01:45:49 -0700
Thu, 30 May 2002 01:45:49 -0700
on Thu, May 30, 2002, Tom Lord ( wrote:
> Is there a well developed theory of "contractless exchange"?
> In a   contracted   exchange, we form a contrct, at which point I
> become obligated to pay you money, and you become obligated to perform
> a service or deliver a product.
> In a   contractless   exchange, I advance you a little money.  You do
> some of the work.  I advance you more money.  You do more
> work. .... You finish the work.  I pay you a completion bonus.  Either
> of us can stop at any turn without incurring a civil penalty, but
> we're both long-term, repeat players in this market -- so our public
> reputations matter.

Cf:  option to renew.

Karsten M. Self <>
 What Part of "Gestalt" don't you understand?
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