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)
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.
Icarus represents everything that can be bought and sold by money — goods, services, and even information — which is delivered by the economic system (composed of the commercial system, legal system, moral system, and political system) from suppliers or producers to their proper customers or buyers.
Daedalus‘ wings represent the financial system (for money) and the cryptocurrency system (for bitcoin, ethereum, etc). Daedalus himself represents the people who create and run the banking and financial system.
Athena is the goddess-trainer of Daedalus. She represents the artificial intelligence which takes care of Icarus or the things in the economy, and regulates Daedalus or the people running the financial system.