diff --git a/2024/05/23/notes-jmd.org b/2024/05/23/notes-jmd.org
index 98d35aa1..b20c901a 100644
--- a/2024/05/23/notes-jmd.org
+++ b/2024/05/23/notes-jmd.org
@@ -5,3 +5,21 @@ has important implications for narratives and metanarratives
 as to if an statement is resolvable or if it needs input.
 When the system has itself or previous execution as an input
 it creates a self referential loop.
+
+* circulation
+
+loops are like a circulation.
+we can imagine a popular currency or coin being accepted
+everywhere.
+providing goods and services.
+
+we can think of a portfolio of software also also include
+forks and pull requests and feature requests,
+those come from outside. Right now we use commercial vendors for this.
+
+we can think of them as oracles or filling out surveys.
+confirmations double check values.
+cheaters can be suspended.
+mining involves collection of information about each branch or change or work item.
+
+swappping of coins to create portfolios.