Imagination Théo Bondolfi, formalized with AI assistance.

Miles Market — Algorithmic Valuation of Miles Credits

Miles Market
Programme	#12 — Market 🔀 Content Versioning 🔍 Anonymous Editing Analysis
Currency	Miles Credits 🔗
Maturity	⭐☆☆☆☆ (concept)
Valuation	Algorithmic, supply/demand
Speculation?	❌ Non-speculative
Transparency	✅ Full, public
See also	Credits Explained
See also	Shared Resources

The Miles Market is WikiDeal's programme for the algorithmic valuation of Miles Credits 🔗. Unlike speculative markets, the Miles Market is based entirely on real supply and demand within the WikiDeal ecosystem — transparent, at-cost, and stimulating without being speculative.

What is a Miles Credit Worth?

A Miles Credit has no fixed exchange rate. Its value is determined by a double indicator:

Value of the service or good — what the service is actually worth in the real economy
Availability and frequency — how often the service is available on the platform

Miles Value = f(Service Quality × Availability)

Low availability × Low frequency → Lower Miles value
High demand × Scarce supply → Higher Miles value
Many providers × Few users → Miles value drops linearly

The Double Indicator in Practice

Example 1 — Low availability apartment 🏠

An apartment is available only Tuesday–Thursday, 2× per month. Very low availability → low Miles value. The provider gets few users, and the Miles they earn have less market weight. They should consider extending availability to increase Miles value.

Example 2 — Many massage therapists 💆

If 50 massage therapists are listed and only 10 users request massages per month, the Miles market is flooded. Miles value for massage drops linearly. Providers are incentivized to volunteer more (increasing their profile) or specialize to differentiate.

Example 3 — Few apartments, many seekers 🏘️

If housing is scarce but demand is high, apartment providers earn more Miles per Transaction. The algorithm rewards scarcity of supply appropriately — but always within transparent, community-auditable rules.

The Market Algorithm

The Miles Market runs on supply and demand — but unlike a financial market, all data is transparent and auditable by the community:

Too many providers + few users → Miles value drops linearly (linear depreciation, not cliff-crash)
Few providers + many users → Miles value rises proportionally
Equilibrium → Stable Miles value at 1:1 with the reference service basket

The algorithm is public, community-validated, and cannot be manipulated by any single provider or User Group. All valuations are logged in the WikiDeal public ledger.

The Contract Principle

"The more clients I have, the more I can charge in Miles.
The fewer clients I have, the more I volunteer — and build my reputation."

This principle means that the Miles Market creates natural incentives for both quality and community participation:

Providers with high demand earn more Miles and can charge more per Transaction
Providers with low demand are incentivized to volunteer (earn reputation + Miles) rather than sit idle
Users benefit from competitive pricing when supply is high
The community benefits from increased volunteering when supply exceeds demand

Connection to the Boost Mechanism

The Miles Market is directly connected to the Boost mechanism. When Miles Credits accumulate in User Group pools:

First: Miles pressure increases → more volunteering incentivized → service quality up
Then: Cash Credits (no guarantee*) 💰 increases → as services multiply, revenue grows → Cash becomes available
The Miles Market thus acts as a natural regulator between community activity and financial return

→ See Credits Explained for the Boost mechanism and bonding curve details.

Connection to Shared Resources

The Shared Resources programme is the primary consumer of Miles Credits. When housing, transport, food, and tools are shared within a Ring of Trust, the Miles Market determines fair exchange rates for these assets. A shared apartment earns more Miles than a shared bicycle — because its value and scarcity justify it.

Why Not Speculative?

The Miles Market differs from crypto or financial markets because:

All data is public — every Transaction, every valuation, every provider's availability
No hoarding incentive — Miles Credits are designed to be used, not held
Community governance — User Groups vote on market rules, not algorithms controlled by a private company
At-cost principle — WikiDeal takes no Commission on Miles exchanges beyond the standard platform fee
Real services — every Miles Credit represents an actual service offered by a real person

"Stimulating but not speculative at all — because everything is transparent."

* Cash Credits are subject to platform revenue availability. No financial return is guaranteed. See Terms & Conditions.