On 3/26/2012 5:57 AM, Tony Arcieri wrote:
One thing I'd like to avoid is having the IOU system turn into any sort of generalized currency (*cough*Mojo*cough*).
Mojo was a failure, but why was Mojo a failure?
It should be an obligation one peer owes another as part of a direct relationship. I would like to support a sort of triangle-trade operation that people were describing earlier (although perhaps not anonymized), but that would be it: maximum one degree of separation from someone you trust directly.
If A trusts B, and B trusts C, and C trusts D, and D trusts E, and any errors hurt primarily the person who trusted unwisely, where is the problem?
Observe that Linux rests on very long chains of trust: Linus, unelected president for life of linux, trusts several people to give him good code, each of them trusts several other people, and each of those people .... Works OK.
Seems to work pretty well. _______________________________________________ p2p-hackers mailing list [email protected] http://lists.zooko.com/mailman/listinfo/p2p-hackers
