Jorge Lopez (Chief Architect, ECSA):
“We see profit-making as an index. Profit making would be a goal that each agent would try to maximise. It influences the decision making process by which /offers/ are made and accepted.
Instead of having an algorithm that is constantly maximising that spread, as to maximise profit, what ECSA is proposing is the introduction of another index, and maximising within another metric format. The (singular) profit maximisation takes a secondary place. While this logic ensures that you don’t go out of self-sustainability, you no longer try to play that game of maximising the spread. The information system is enough for you to assess what would happen if you were to enter this trade as a calculation of maximization for an increase or decrease of a particular index. By pursuing the increase of another index, different economic decisions, different trades, and offers are made at the effect that therefore the economic agent pursues something else.
(…) Therefore, it is an explicite, deliberate change of the goal of the game.”