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For me, one of the most exciting things about Bitcoin is that it can be used to solve incentivisation problems in decentralized/p2p applications like this, with
by tlrobinson 13y ago
For me, one of the most exciting things about Bitcoin is that it can be used to solve incentivisation problems in decentralized/p2p applications like this, without relying on a centralized 3rd party.
BitTorrent has done well essentially using bandwidth as a currency, but it still relies on some users giving away more bandwidth than they consume, which doesn't necessarily work with other applications.
- abdullahkhalids 13y agoI will argue against this. Having a currency that can be bought or sold is also an incentive for big central service providers to crop up. For instance, bitcoin is not as decentralized as it should have been with only a few large mining pools.
- lvs 13y agojust to be clear, the "bitcoin" in this proposal is a token of network traffic, more like your example of bittorrent than bitcoin really, with the caveat that it's built using an architecture more like bitcoin's. the incentives are simply based on a mutual desire to exchange traffic, like bittorrent. there's no monetary incentive, and i shudder to think what the consequences would be of thinking about network traffic as a traded commodity on some kind of market or exchange. (oh god that's almost the status quo!)