On Sunday, November 04, 2012 kerry wrote: > Hosting servers is a nice form of real work, where CPU, storage and > bandwidth are quite tangible, and more useful than mere 'proof of > work'.
Hmm, in retrospect it does sound obvious, but still the idea seems very nice. Personally, I would be much more willing to trust the P2P storage systems if I could pay for them, knowing that I'm not relying on the charity of strangers to store my data (which could disappear when they get tired and move on to the new toy), but rather on the cash that is used as an incentive for them to perform the service. I wonder if some of this cash could be even funneled to the content owners? That could sure solve quite a lot of issues. Best wishes - S.Osokine. 4 Nov 2012. -----Original Message----- From: [email protected] [mailto:[email protected]]On Behalf Of kerry Sent: Sunday, November 04, 2012 10:14 AM To: [email protected] Subject: Re: [p2p-hackers] Bitcoin incentive on Kademlia networks FWIW - we haven't released it yet (hoping for end of year), but I'm a 20+ year AAA game developer now indie, working on a MMO over P2P platform (build over an embedded PKI). One of our 'please run one or more server nodes when you're not playing' incentives is Bitcoin payment. Hosting servers is a nice form of real work, where CPU, storage and bandwidth are quite tangible, and more useful than mere 'proof of work'. (back to lurking... :) Kerry On 11/4/2012 11:05 AM, Zooko Wilcox-O'Hearn wrote: > On Sat, Nov 3, 2012 at 3:09 PM, Changaco <[email protected]> wrote: >> I agree with that. What I meant by "money has to be based on something" is >> that money creation has to be based on something you can't fake. Otherwise >> one can create as much money as one wants, and it's worth nothing. > I see. I agree with you, then. > >> Money creation is an important part of a monetary system, because when money >> is created it devalues the one previously created. > Certainly. > >> Unless I'm mistaken, the Bitcoin creation process is based on proof-of-work. >> The more processing power one has, the bigger the share of the monetary >> creation one gets. But the Bitcoin monetary mass is limited, just like the >> quantity of gold on Earth, so mining gets harder and harder until there is >> nothing left to extract. > You understand correctly. > >> Before being able to send Bitcoins one must receive some. How would a new >> user get Bitcoins ? > The way almost all Bitcoin users get their Bitcoin today is by > exchanging some other money for Bitcoin. They give some $, €, £, ¥, > etc. to someone in return for which that person gives them ⓑ. > > The idea that we're bandying about here would introduce another way > that they could acquire Bitcoin: by offering p2p services on their > computers! It is an intriguing possibility. > > Regards, > > Zooko > _______________________________________________ > p2p-hackers mailing list > [email protected] > http://lists.zooko.com/mailman/listinfo/p2p-hackers _______________________________________________ p2p-hackers mailing list [email protected] http://lists.zooko.com/mailman/listinfo/p2p-hackers _______________________________________________ p2p-hackers mailing list [email protected] http://lists.zooko.com/mailman/listinfo/p2p-hackers
