These are chat archives for Sensorica/valuenetwork

30th
Jan 2016
Radu Seserman
@Radu62s
Jan 30 2016 00:00
@fosterlynn Thank you very much Lynn for your encouraging words. I'll take on your offer and I will contact you with any questions I will have, generally I have a lot.
I looking forward to my retirement to have more time to dedicate to activities I enjoy, as this project is.
Bob Haugen
@bhaugen
Jan 30 2016 00:00
@Radu62s we also look forward to your retirement.
I remember when I retired, and then when Lynn retired.
Great days! Now we can do some serious work!
Lynn Foster
@fosterlynn
Jan 30 2016 00:09
Retirement! Aaaahhh! Fabulous!
Chris Troutner
@christroutner
Jan 30 2016 00:14
Rah rah!
Radu Seserman
@Radu62s
Jan 30 2016 00:35
@bhaugen I will be studying the information you provided right now, thank you very much. As far as Ubuntu, I plan to install as a Virtual server on Windows7 because it seems the easiest way. I do not have much system experience (I love to program the business application) but I would consider buying a new desktop to install Linux or Ubuntu if you think it is worth it.
Bob Haugen
@bhaugen
Jan 30 2016 01:03
@christroutner got the NRP development environment installed on a Windows computer. I would follow his instructions, and of course he is here if you need more help.
Lynn and I are also basically business application programmers (and business analysts and designers, in Lynn's case). We also lack system admin skills. More's the pity.
But we do have deep business app knowledge, as I am sure you do too.
@Radu62s - so to be briefer, you should not need to get a new computer.
Bob Haugen
@bhaugen
Jan 30 2016 01:08
I think it's like the saying "beware of all enterprises that require new clothes".
Radu Seserman
@Radu62s
Jan 30 2016 01:42

@fosterlynn

If a project makes something, and it is sold, say by an exchange firm which is part of the Sensorica network, then the exchange firm runs a distribution where the first bucket on the value equation gives 5% to Sensorica, and the rest goes to the project that made the item sold.
Lynn it makes a lot of sense here but the previous example where the project is from outside of Sensorica I do not see that "cash for services" will represent well the transaction unless the Service is entered without UOM and price. If it would be a fixed fee as the rent (one time or recurring for a while) yes I would agree. I might be wrong but for 5% I expect the amount of income cannot be determined a priori, since there is no entry in Sensorica's accounting system for either the value of the work performed in the lab or for the sales of the third party. That income stream is aleatory (based on trust) as a donation is but with a completely different accounting requirements. To me it is more like a royalty - it may need its own exchange (if I understood correctly).

@bhaugen thank you Bob
Lynn Foster
@fosterlynn
Jan 30 2016 02:02

@Radu62s

where the project is from outside of Sensorica I do not see that "cash for services" will represent well the transaction unless the Service is entered without UOM and price. If it would be a fixed fee as the rent (one time or recurring for a while) yes I would agree. I might be wrong but for 5% I expect the amount of income cannot be determined a priori, since there is no entry in Sensorica's accounting system for either the value of the work performed in the lab or for the sales of the third party. That income stream is aleatory (based on trust) as a donation is but with a completely different accounting requirements. To me it is more like a royalty - it may need its own exchange (if I understood correctly).

Yes good point, you are right the price cannot be determined ahead of time. And maybe it doesn't need the recording of a delivery of a service at all? Makes sense it has its own type of exchange. I don't know how royalties work but maybe that is the right conceptualization, and an exchange type could be designed around it. This type of thing is the challenge of the network, to design these new economic concepts into being. And the challenge of the app, to allow for that, so all kinds of experimentation on new economic forms can be supported.

Radu, I gotta say, I love the way you are thinking about this stuff. You understand a ton! Obviously more than me on some of this... :) I believe you have read the doc and have also observed how Sensorica works.... and can apply your business-thinking and the creativity needed.... this is awesome!

Lynn Foster
@fosterlynn
Jan 30 2016 02:09
P.S. Since I can't remember if I said this clearly in this thread, the upgrade I am working on now is to allow the user to define the exchange types and configure their detail event types and their behavior. So you could create a royalty like exchange type specifically for this situation instead of having to pick from what is defined in the app, as discussed above. I think it will be a big improvement for cases like this.
Radu Seserman
@Radu62s
Jan 30 2016 15:56
@fosterlynn That you allow for user defined exchanges is awesome Lynn. It's more difficult to program but a better app overall.
Lynn Foster
@fosterlynn
Jan 30 2016 16:50
Well that is coming, right now it is in a branch on the upstream valnet repository with a lot of work left on it.