An
auction is a
play-by-play
put request in an
open framework where a
swap💱 execution* (
bid/ask - up to the point where it becomes a
frictionless asset [spread = 0]) must take place within the allotted time initiated from some
token session [ie. structured
randomness].
** Expressions of fluctuation and fungibility.
Economically (
instances of
renormalization),
auctions control the
stream's tempo via
hyperlinking, and
determine taxation. (see
rotisserie,
QQ,
spread,
UUallet,
UUelcome,
u-u economics)
/// The swap💱 execution will 'auction' off fibril differentials ("differentials").
