Icarus, Our Mascot For SORA

This afternoon, while I was taking a bath, I had the idea to use the character Icarus as our mascot for our proposed social resource allocation system (SORA)

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A drawing of Icarus from the internet

 

Icarus is the son of Daedalus who dies after flying too close to the sun using the wax wings which Daedalus invented. Smith uses the idea of those wings to represent paper money which is vulnerable to crashes:

The commerce and industry of the country, however, it must be acknowledged, though they may be somewhat augmented, cannot be altogether so secure, when they are thus, as it were, suspended upon the Daedalian wings of paper money, as when they travel about upon the solid ground of gold and silver

 

SORA is the Japanese word for sky. In this new system, the wings of paper money and cryptocurrency can fly in a regulated way, so that if it crashes, the fall will not be so painful and will be survivable. This is because the sky itself will be the regulating entity, unlike in current Economics where the ‘sky’ or the economy can be totally unregulated.

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