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A parimutuel is an ephemeral commercial determinant whose derivative stakes are mutual (peer-to-peer).

In this economy, funds are available at the cost-of-work. However, where each determinant is non-normal, cash becomes hypercurrency. Unspent funds (hypocurrency) are recycled back into the jukebox for redistribution once tokens expire, thus satisfying its feedback loop requirement. (Compare cybernetic governance)

Function map: developus --> parimutuel --> Double U economics

See also

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