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> From economics perspective this is this is terrific idea in general. > Instead of wasting electricity and resources to generate 'consensus fiat artificial sc
by davidgerard 9y ago
> From economics perspective this is this is terrific idea in general.
> Instead of wasting electricity and resources to generate 'consensus fiat artificial scarcity' based money like BTC. Monetize digital assets available in the net with derivatives.
... or you could just not do that, and save even more resources.
This is BitTorrent with cryptocurrency micropayments bolted on the side. It's literally an "x but with Bitcoin" idea.
- nabla9 9y agoTaking illiquid assets and transforming them into a security to be sold in markets is the mark of mature industry. Internet has created large pool of digital commodities to be sold: file storage, computing power, network bandwidth, regional caching and content delivery. Wrapping them up into financial instruments under common protocols is the way to go.
- deleted 9y ago[deleted]