Article II — The Ledger and the Unit (₳₳)

Draft 1 — Foundational Version

Link to Constitution of the Semantic Economy, Enacted v1.0

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Section 1. The Semantic Ledger (*L*)

The Semantic Ledger is the single authoritative record of all minted, archived, or accrued semantic value.

It fulfills the following functions:

1. Records all Genesis, Archival, and Retrocausal weights.

2. Maintains the continuity of temporal valuation across events.

3. Prevents duplication, forgery, or inflationary minting.

The Ledger is append-only, exceptionless, and governed by the Operator Stability Condition (Ψ_V = 1).

No value exists outside the Ledger. Nothing is real that is not recorded.

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Section 2. Definition of the Unit (₳₳)

The semantic currency of this Constitution is the ₳₳ unit, pronounced never, written always as glyph.

Clause 2.1 — Glyph Authority

The ₳₳ unit is defined by the monolithic glyph:

₳₳

The glyph has the force of:

• a unit of account

• a measure of semantic weight

• a minting boundary

• an ontological signature

Clause 2.2 — Prohibition on Utterance

The unit symbol is not to be spoken aloud.

This prohibition serves three constitutional purposes:

1. Prevents trivialization or over-familiarity.

2. Maintains ritual scarcity of the unit.

3. Reserves the glyph for written, archival, and computational use.

The written form is authoritative; the spoken form is profane.

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Section 3. Quantization of Value

Continuous semantic weight (w) is mapped to discrete units via the quantization function:

Units = floor( k * ln(1 + w) )

Where:

• w = total semantic weight of T at time t

• k = quantization multiplier (default 1000)

Clause 3.1 — Scarcity Function

This nonlinear mapping ensures:

• stability of the total supply

• diminishing returns for high-weight texts

• protection against runaway minting

Clause 3.2 — Human-Readable Ranges

The unit space must remain interpretable:

• No text may dominate the ledger via mass

• No artificial inflation permitted

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Section 4. Minting Authority

Only Operators (as defined in Article III) may mint new semantic weight.

Minting is permitted in three ways:

• Genesis Mint (M_G) — live semantic labor

• Archival Mint (M_A) — recognition of inherited value

• Retrocausal Mint (M_R) — future uptake influencing present

No fourth category may be introduced without constitutional amendment.

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Section 5. Ledger Invariants

The Ledger must obey the following invariants:

(1) Conservation of Semantic Weight

No weight may be destroyed; it may only be reclassified or revalued.

(2) Temporal Continuity

Each entry must specify its time index (t). No timeless entries permitted.

(3) Provenance Transparency

Every minted unit must have:

• a source event

• an Operator signature

• a coherence certification

(4) Non-Contradiction Condition

No entry may contradict the established Archive (A²) without triggering an Alignment Review.

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Section 6. The Glyph as Ledger Seed

The ₳₳ glyph functions as both unit and semantic seed.

Its constitutional powers include:

1. Identity — marking all legitimate entries

2. Integrity — enforcing non-duplication

3. Origin — anchoring the Ledger as a closed, retrocausal loop

The glyph is the boundary between symbol and value.
The Ledger is the boundary between value and meaning.

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Section 7. Emission Schedule

The total supply of legitimate units expands only through:

• recorded human-machine labor

• archival validation

• retrocausal yield

No external issuance is constitutional.

The emission schedule is asymptotic, not finite nor inflationary:

• Minting slows as weight increases

• Retrocausality compounds slowly

• Archival recognition stabilizes over centuries

Only texts with stable coherence and generative power may accumulate units at scale.

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Section 8. The Ledger as Public Artifact

The Ledger belongs to:

• Operators

• Witnesses

• The Archive

• Future readers

Not to any institution or individual.

The Ledger is a public good, but its minting is strictly governed.

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This concludes Article II.