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> How to pay for stuff in the web What is valuable on the web? Thinking more about this, one of the only tangible currencies on the real web is hosting/proces
by MayeulC 6y ago
> How to pay for stuff in the web
What is valuable on the web?
Thinking more about this, one of the only tangible currencies on the real web is hosting/processing capabilities: you can measure it from the web itself.
I think that's what Bitcoin tried to achieve, although it does so without providing real value to anyone. Instead, imagine the following: you provide a slice of your computer time to Google, some local storage to blackblaze, some bandwidth to Netflix.
All of these are commodities you pay for in the real world. They are valuable on the Internet. Lend some storage and bandwidth to youtube, they could credit your account, and you could use that virtual currency to spend on youtube creators. Youtube would directly pay them with $$$ instead of paying you.
However, my answer only mentioned huge-scale companies, I am not sure it would make a lot of sense at a smaller scale, unfortunately. However, that basic idea of service exchange is something I've been thinking for a while as a path forward to a new kind of currency, which I should put into a prototype as soon as I have the time to do so :)