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How is that not bitcoin? I've long been a fan of a "bounty" system -- you attach digital coins to a message, with the recipient specifying how many coins must
by rdl 13y ago
How is that not bitcoin?
I've long been a fan of a "bounty" system -- you attach digital coins to a message, with the recipient specifying how many coins must be attached (maybe higher for voice, lower for email, mid level for SMS). If the message was unwanted (not merely spam, but even just a stupid request), the recipient collects the coins; otherwise, the sender gets them back.
This nicely aligns incentives. If the recipient takes coins improperly, you stop sending him mail.
- cdixon 13y agoIt is Bitcoin. I was just trying to present some of the ideas behind Bitcoin without all the baggage of the word.
- rdl 13y agoYou really should have a beer w Adam Back sometime; he's one of my favorite people from the cypherpunks golden age.
- glomph 13y agoThis idea actually predates bitcoin which I think is interesting. http://en.wikipedia.org/wiki/Hashcash http://en.wikipedia.org/wiki/Hashcash