A process calculus with finitary comprehended terms

We introduce the notion of an ACP process algebra and the notion of a meadow enriched ACP process algebra. The former notion originates from the models of the axiom system ACP. The latter notion is a simple generalization of the former notion to processes in which data are involved, the mathematical structure of data being a meadow. Moreover, for all associative operators from the signature of meadow enriched ACP process algebras that are not of an auxiliary nature, we introduce variable-binding operators as generalizations. These variable-binding operators, which give rise to comprehended terms, have the property that they can always be eliminated. Thus, we obtain a process calculus whose terms can be interpreted in all meadow enriched ACP process algebras. Use of the variable-binding operators can have a major impact on the size of terms.Comment: 25 pages, combined with arXiv:0901.3012 [math.RA]; presentation improved, mistakes in Table 5 correcte

Division by zero in non-involutive meadows

Meadows have been proposed as alternatives for fields with a purely equational axiomatization. At the basis of meadows lies the decision to make the multiplicative inverse operation total by imposing that the multiplicative inverse of zero is zero. Thus, the multiplicative inverse operation of a meadow is an involution. In this paper, we study `non-involutive meadows', i.e.\ variants of meadows in which the multiplicative inverse of zero is not zero, and pay special attention to non-involutive meadows in which the multiplicative inverse of zero is one.Comment: 14 page

Bitcoin and Islamic Finance

It is argued that a Bitcoin-style money-like informational commodity may constitute an effective instrument for the further development of Islamic Finance. The argument involves the following elements: (i) an application of circulation theory to Bitcoin with the objective to establish the implausibility of interest payment in connection with Bitcoin, (ii) viewing a Bitcoin-like system as a money-like exclusively informational commodity with the implication that such a system need not support debt, (iii) the idea that Islamic Finance imposes different requirements compared to conventional financial policies on a money concerning its use as a tool for achieving social and economic objectives, and (iv) identification of two aspects of mining, gambling and lack of trust, that may both be considered problematic from the perspective of compliance with the rules of Islamic Finance and a corresponding proposal to modify the architecture of mining in order to improve compliance with these rules

A Process Calculus with Finitary Comprehended Terms

Abstract. Meadow enriched ACP process algebras are essentially enrichments of models of the axiom system ACP that concern processes in which data are involved, the mathematical structure of data being a meadow. For all associative operators from the signature of meadow enriched ACP process algebras, we introduce variable-binding operators as generalizations. These variable-binding operators, which give rise to comprehended terms, have the property that they can always be eliminated. Thus, we obtain a process calculus whose terms can be interpreted in all meadow enriched ACP process algebras. Use of the variable-binding operators that bind variables with a two-valued range can already have a major impact on the size of terms