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Wouldn't this penalize people who change their mind?
Changing your mind is fine. But you can never pretend you didn't change your mind. Someone who yo-yos around some
Y points are your personal value for data you've generated. No one earns from gossiping other people Y points, the person whose generated the data point is the one who always gets paid. If no one cares about the X then the Y has no real value. I may put Xs I don't want anyone to know at insanely high Y values.
I'm not sure what mechanism would causes a dictatorship, I'm interested in how you think it could be exploited.
I haven't given all the details. The idea is very complex compared to what we do today but at the same time. But the complexity is in the translation not the based mathematical concepts.
For example, you get no value from reselling my X, I get the Ys. What you can do is use many Xs to generate a new X1 you value at Y1. All those Xs are part of the new X1 and that's where lies get really expensive because I'll become financially responsible for healing those X1s you shared, if my real value causes X1 to change. These are a series of very basic math formulas that are itself not very complex. The complex is all the inputs and outputs. The system is only possible by using computers because these are massive but trivial given what these LLMs are doing.
I started these thoughts about two decades ago as part of a world building idea of a future where this is already in place. The technological development that has occurred since then makes me think the system could actually be built today via some combination of etherum like contracts and variants of LLMs.
The whole thing feeds right back into itself but it is just us and it is just an every expanding representation of society and our cumulative knowledge.
Every truth is traceable back to recorded physical data and every falsehood literally does not fit because the physical data does not exist.
The only reason it doesn't exist because it has no capitalist value. If someone is sitting in the middle collecting fractions of Ys for ever interaction, that is not this system. If someone is able to say, I own X because I discovered the mechanism first and no one else can sell X even if they collect all the data points need to make X, that is not the system.
Y must always be less than the cost of generating a new X because someone else will come and undercut you. The real value is in the human experience.