DAVS

Definition

DAVS stands for Dynamic and Adaptive Value Standard. DAVS is the contextually sensitive standard economic unit of account used for unitisation and exchange within an Open Value Network's Nondominium.

The DAVS is comprised of the collective set (power set) of categories + weights of value flows and combinations thereof that are outlined in the Value Recognition Framework within the Custodian Agreement.

The DAVS can be parsed out to units or classes of stock or currencies. Members can use these currencies to exchange between each other or utilize. Members have rights of use to these currencies which are held in the Flows Title Registry.

A DAVS is defined in the context of a Open Value Network which is using a Nondominium and custodian agreement, to create an agreed-upon dynamic and adaptive value standard.

Value, Currencies and DAVS

Some very rough theses on Value, Currencies and DAVS.

• A currency is that which we agree upon as "legal" tender.
• A currency is tied to a value standard.
• A value standard is based on what we find valuable.
• What we find valuable is contextually sensitive.
• Therefore, a value standard need be dynamic, adaptive and sensitive to the context in which it is used.
• Currencies tied to a dynamic adaptive value standard (DAVS), will also be dynamic and adaptive.
• A DAVS is comprised of the combined value flows within a value network.
• A value network is intersubjective - comprised of any number of subjective value systems.
• A subjective value system is contextually sensitive.
• Subjective value systems can be both implicit and explicit.
• If subjective value systems are partly implicit, they are partly ambiguous.
• Value networks comprised of Intersubjective value systems are partly ambiguous.
• Value networks therefore do not follow strict causality.
• A value standard does not follow strict causality.
• A currency sometimes need be explicit, but its value will inherently be based in some level of ambiguity.
• What makes it a currency is the value networks' explicit agreement to recognize it as "legal" tender of exchange.