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On 23 Mar 2002 at 9:26, Anonymous wrote:
> Not all of these are still going but it shows that there is a
> lot more in the P2P file sharing and publishing world than just
> a few moldering old cypherpunk projects from the 90s. P2P has
> really passed the cypherpunk world by.
>
> As far as the economics, one of the main lessons of the failure
> of Mojo Nation was that Mojo didn't work, or perhaps you might
> say it worked too well. It caused nothing but problems for the
> operators of the network. People tried to horde it, they got
> upset when they were losing Mojo, they would cheat and steal to
> get more.
First: Digital money needs to be money like, thus needs to be
convertible to other forms of money, especially e-gold which has
now become the defacto standard.
Secondly, if its function is merely to prevent denial of service,
rather than to actually make a living, then the fees should be so
low that they are clearly insignificant in normal usage, but a
significant burden to DOS attacker, and significant benefit to a
person subject to DOS attack, making it worth while to continue
doing whatever is provoking the DOS attack.
If mojo failed in the way, and for the reasons you describe, the
failure was not that it was money like, but that it was
insufficiently money like. Since the value of mojo was
indefinite, its value could never be well matched to its purpose.
--digsig
James A. Donald
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4d8wscIB8IgjR+w0GO2Dwcqh5H7FpW4uF/2F2g9HS
