On Mon, Nov 5, 2012 at 1:26 PM, ianG <[email protected]> wrote: > My two points here being perhaps: > * you need both a payments system and a trade system > * the payments system should be entirely independent of the trade system > (which doesn't imply the converse).
This is really interesting to me because it's exactly what I want to do in the Cryptosphere. I'd love to do two things: 1) Let the system operate completely independently in a trade-based mode (in this case trading equal parts storage space/bandwidth for each other) 2) Let multiple third parties create BitCoin exchange-like sites where people can purchase storage/bandwidth "commodities" at prices determined by market forces I really like this approach because it lets the Cryptosphere completely punt on the problems of having to commoditize the traded good, itself a hard problem. It also outsources the problem of integrating a payment system. And finally, by letting several people work on the problem of commoditizing and selling storage space, you can tap into the power of the free market to drive down prices, and also keep the price of "unit storage/bandwidth space" floating in response to market forces. -- Tony Arcieri
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