On Thursday 14 August 2003 23:27, [EMAIL PROTECTED] wrote: > I'm a little sleep-deprived now, but I think that what I had in mind was > actually something of a new model for currency, rather than just a new > measure/forum for it.
The problem is that for this to be really useful, it has to somehow be convertible into something that can buy you things in the real world. > I had in mind something that wouldn't need to start off with a way to > convert to hard currency. Rather than being able to be converted into hard > currency, it would have some sort of digital backing, ie. bandwidth, hard > drive space, etc. Bandwidth and disk space are cheap, and most people, especially those running Freenet nodes can afford enough of both for their needs. > The currency would then be self-regulating. It wouldn't be pegged to any > real-world currency, but rather its value would be set by supply vs. > demand. Inflation would be considerable. Bandwidth and disk space costs/value are constantly reducing at a drastic rate. > Also, it wouldn't be contained in any central bank/database. Instead, it > could be possessed by individuals. The problem is not in having central bank / database. This could be handled anonymously over Freenet with a bit of clever application level protocol engineering. The problem is in converting the virtual currency to and from a real currency. > Am I making any sense, or should I go to sleep? I'm leaning toward the > later now. Not sure. Tell us in the morning. :-) Gordan _______________________________________________ devl mailing list [EMAIL PROTECTED] http://hawk.freenetproject.org:8080/cgi-bin/mailman/listinfo/devl
