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Benjamin Lyons's avatar

Very cool, will have to read the paper and comment further. Your point about symbols starting as pictographs and then becoming more abstract is true in math as well as normal language, for example the equal sign starting as parallel line sand then becoming a more abstract, general symbol.

Benjamin Lyons's avatar

I wonder if an analogous model can be used to simulate the emergence of prices. Maybe prices start as pictographs in the sense of being very particular exchange ratios—my two fish for your one coconut—and then become more general, more usable and abstract over time.

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