Beyond Consumer Protection: Standardized Stablecoins Disclosure as Information Infrastructure

This article argues for standardized disclosure for stablecoins regulation. Information disclosure has long been considered a primary tool for consumer protection. Stablecoin issuers should disclose honestly and responsibly about the qualification of themselves, as well as the value, quantity, and operational mechanism of their stablecoins. Such disclosure can prevent issuers from taking advantage of information asymmetries for consumer exploitation or fraud. It is then up to the consumers to make informed investment or consumption decisions. More importantly, this paper argues that the fundamental role of information disclosure is to form a knowledge base for financial regulation and policymaking. The importance of information lies not only in the information itself, but also in the knowledge that is generated from a large amount of information, such as systemic risk assessment and proportionate regulatory response. Monetary and financial theories can refute some of the obvious fraud or scams in the market, but the shape of regulatory expertise for proportionate response needs more empirical evidence. Regulators must acknowledge that they do not always fully understand the status quo and risks of stablecoins to formulate proportionate regulatory rules. This is why, recently, experimental regulations (such as regulatory sandboxes) are being promoted in many countries. Regulators should not passively wait until the market situation becomes clear, which may be the turning point between a boom and bust that is too late to stop the crisis. Instead, regulators should actively collect information from the market. Such information gathering will serve as the information infrastructure for longer-term and larger scale regulation and governance. Finally, this article proposes a framework for stablecoins disclosure. This includes the purpose of the stablecoin and technologies used for operation; the price stabilization mechanism including exchange rate, reserve assets or algorithmic design; issuance quantity of the stablecoin; risk factors that affect price stability, distribution channels, and transaction rules. This information should be standardized and published on a centralized platform, with structural language for easier comparison and risk assessment

Decoding the `Nature Encoded' Messages for Distributed Energy Generation Control in Microgrid

The communication for the control of distributed energy generation (DEG) in microgrid is discussed. Due to the requirement of realtime transmission, weak or no explicit channel coding is used for the message of system state. To protect the reliability of the uncoded or weakly encoded messages, the system dynamics are considered as a `nature encoding' similar to convolution code, due to its redundancy in time. For systems with or without explicit channel coding, two decoding procedures based on Kalman filtering and Pearl's Belief Propagation, in a similar manner to Turbo processing in traditional data communication systems, are proposed. Numerical simulations have demonstrated the validity of the schemes, using a linear model of electric generator dynamic system.Comment: It has been submitted to IEEE International Conference on Communications (ICC

Modeling and Analysis of New Products Diffusion on Heterogeneous Networks

We present a heterogeneous networks model with the awareness stage and the decision-making stage to explain the process of new products diffusion. If mass media is neglected in the decision-making stage, there is a threshold whether the innovation diffusion is successful or not, or else it is proved that the network model has at least one positive equilibrium. For networks with the power-law degree distribution, numerical simulations confirm analytical results, and also at the same time, by numerical analysis of the influence of the network structure and persuasive advertisements on the density of adopters, we give two different products propagation strategies for two classes of nodes in scale-free networks

SYMMETRY IN FLUTTER KICKING IN SWIMMING

The most efficient swimming' comes when an athlete's stroke is symmetrical. However, research on symmetry in swimming kicking is lacking. The way of optimising performance for young learners is to develop and establish appropriate movement patterns. This process should begin from early in the development of the skill because inappropriate movement patterns may be difficult to change once they have become established by the individual as a preferred movement pattern (Sanders and Myers, 2005). The purpose of this study was to investigate symmetry of flutter kicking in swimming

THE PROPERTIES OF GROUND REACTION FORCE IN STANDING HOP, RUNNING THREE STEPS HOP AND HURDLE HOP

INTRODUCTION: Both theoretical and experimental research has shown that the effect of the jump was highly related to the vertical reaction force of foot in contact. Current research has focused on the jump as it occurs in specific sporting activities. There is an apparent lack of research on basic jumps therefore the purpose of this study was to explore the characteristic of jump performance. Through measurement and analysis of dynamic properties of some common hops used in jump training, a significant contribution will be made to the knowledge base of this subject that will benefit athletes and coaches in many different sports

THE SPEED DISTRIBUTION OF HORSE RACING IN 1200 METERS

The purpose of this study is to investigate the speed distribution models of horse speed racing in 1200 meters. 900 horses in 1200m speed racing were investigated. When divided the 1200m equally into three 400m sections, it showed there are two models were employed by most winners: slow-medium-fast and medium-slow-fast. The relative lager variation of the velocity coefficients in the third section indicated that the coordination of horse and jockey in the spring stage should be improved.purpose of this study was to identify the causes of rejection of papers from conference

SOME MECHANICAL PROPERTIES OF THE FIN SWIMMING FIN

The fin is a powerful propelling tool in fin swimming. The purpose of this study was to explore ways of quantifying the mechanical characteristics of fins so that future work can establish the relationships between these characteristics and performance. Measurement of natural frequency, deflection, and transfiguration under water might provide some valuable reference parameters for developing a more efficient fin