Hi, I've never post any mail to this list as I've subscribe quite a long time ago just to follow what was going on there. Basically, I'm a PHP developer, with some strong interest in freedom. So, today I read some few notes by Richard Stallman and one of those gave me a idea I want to share with you. I'm certainly not the good guy to make it a reality, but, well, some of you may, or at least, this can inspire some of you. So now, the inspiring part of RMS's note (the complete text can be found here : http://stallman.org/archives/2013-mar-jun.html#26_May_2013_%28Some_web_sites_that_attract_users_by_not_tracking_them_sell_out%29) : "To end this problem, we need to shift the Internet from an advertising-and-surveillance model to a pay-for access model with an anonymous payment scheme. Perhaps one can be built on Bitcoin." For many reasons, Bitcoin is interesting, but the early adopters favouritism is something I dislike very much. I think there is a need to find an other mining algorithm to produce a p2p digital currency that avoids this bias. I am unlikely to code it myself, the math aspect is beyond my skills. So now, my main idea : if we can code this algorithm using JavaScript, then we should be able to place it in a web page. The result is that when some one use a JavaScript enabled browser to read a page with JSCoin enabled (you have guessed: this is the name I gave to this idea), his browser will mine for the writer or the publisher. Later, playing with this idea, I though that if we could you some sort of key to define the propriety of the mined JSCoin, we can put this key as metadata in some files, like mp3. So we could imagine that my mp3 player will mine for the artist I'm listening. This may be a path to explore to (partially?) solve the current digital rights issues. Sure, there is problems. What are they? Can they be solved? If, yes, how? Please, share your thoughts. Regards, Stephane Mourey
Regards, Stephane Mourey--
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Regards, Stephane Mourey
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bitcoin's main disadvantage imho is that it has no intrinsic value -
And also, it shows to me similar patterns of economic
understanding and wealth accumulation as traditional currency.
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Bitcoin has definitely shown that it is possible to successfully implement a decentralized form of currency in the digital era, and that is really good news! But apart from that, it is essentially a virtual copy of gold. Scarcity based currencies don't exactly derive value from their usage, but from the fact that they are scarce. That allows for favoritism on the first investors and the ones more capable of mining and doesn't deal with the huge problem of accumulation of wealth without real value. It favors the already rich and causes further competition on the poor. That doesn't really deal with the problems of the current financial system, it only shows that we can have decentralized currencies. It's definitely one step closer to sustainable solutions, but definitely not the ultimate solution.
Any ideas and suggestions on how a digital p2p currency would work based on real value instead of scarcity?
Any ideas and suggestions on how a digital p2p currency would work based on real value instead of scarcity?
I circulated this proposal to leading thinkers in energy backed currencies (Chris Cook, Shann Turnbull, nef's Josh Collins, and others), and they all seem to not favor that the currency be in fact redeemable to actual energy, but instead be used in reference to. I haven't fully understood the details of that though.
I am happy to provide the mentioned email exchange if there's interest.
I like your approach Patrick! Any ideas on how to connect the value with the only real scarcity (that of resources) and maybe even human rights? If the currency is connected itself you no longer need regulations upon regulations not capable of eliminating the motive..
How can you prove you made that energy, or somebody else is not
> I have been thinking of "mining" coins with every renewable kWh produced
lying about having it consumed?
I would rather see a spec, or (better) code.
>
> I am happy to provide the mentioned email exchange if there's interest.
> Keep in mind that I don't have a mature idea in mind,
> but the main motivation would be to somehow link crypto-currencies
> with energy generation.
It's a laudable goal. But unfortunately you cannot
reliably link information to particular electrons.
Yes, but we should link the currency to the Sources+Skills requiredfor that production instead of to the completed Objectives.
Even if a particular meter measures a given
amount of power at some time there's no way for
the network to verify that claim as true or
false, especially if there's an incentive to
manipulate the measurement for the sake of
increasing one's profit.
But it's current price is just a speculative bubble and it's inherent scarcity will likely encourage hoarding. I wouldn't call it 'worthless' but do completely agree that the bubble will pop (and very likely long before any significant amount of people are able to buy food, energy, housing or any other of life essentials with it).
But it's current price is just a speculative bubble and it's inherent scarcity will likely encourage hoarding. I wouldn't call it 'worthless' but do completely agree that the bubble will pop (and very likely long before any significant amount of people are able to buy food, energy, housing or any other of life essentials with it).
I presume it has no intrinsic value. Well, so is gold.
Or cowri shells. Or greenbacks.
It all boils down to the ability to make tamper-proof remote measurements.
The physics of this universe makes to seem it a very hard
proposition.
Does the NYSE have problems with counterfeit shares?
>Ok, so you want your value to be derived by a number
> I think those who buy/sell corporate shares do this already.
of gamblers in a market casino? Ok, this is pretty much
what's going on in a Bitcoin exchange, where buy and
sell orders are matched by the engine.
You're trying to set up a monetary system that is
better than Bitcoin. I'm afraid you haven't got any
story yet.
On Thu, Jun 13, 2013 at 03:35:39PM +0200, Stéphane Mourey wrote:In France... Seems difficult to organise something AFK. And for me too, the technical side is problematic, particulary the crypto stuff. But, what do you mean by doing "e-currency in a p2p fashion as I imagine it should be done" ?Sorry, that window has closed a couple years ago. Next window will be briefly open when/if Bitcoin fails.
On 13 June 2013 15:43, Eugen Leitl <eu...@leitl.org> wrote:
On Thu, Jun 13, 2013 at 03:35:39PM +0200, Stéphane Mourey wrote:Sorry, that window has closed a couple years ago.
> In France... Seems difficult to organise something AFK.
>
> And for me too, the technical side is problematic, particulary the
> crypto stuff.
>
> But, what do you mean by doing "e-currency in a p2p fashion as I
> imagine it should be done" ?
Next window will be briefly open when/if Bitcoin fails.
Bitcoin is too strong to fail, imho.
There are many copy cat currencies, also known as, alt coins. They all trade reasonably well. There's another kind of coin called ripples (XRP) which allows IOUs and trading, that has taken off too.
To create a viable currency you need three things:
Liquidity
Utility
Trust
Bitcoin and Ripples being the first of their kind, are leading in these areas. A "me too" effort seems unlikely to be disruptive.
Crypto coins for social good is a relatively unexplored area, at this point. If anyone has ideas (even to brainstorm) I think I have a good technical overview, and would be happy to help.
Basic Tech Overview of Crypto Currencies
================================
Crypograhic "key pairs" (public/private) make up entries in a ledger, each key pair can hold some coins.
One key pair can send coins to another by making a transaction and signing it.
The transactions are stored in a database called the ledger. In some cases it's a central database, in bitcoin's case it's a distributed shared public database.
That's about all there is to it.
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Any ideas and suggestions on how a digital p2p currency would work based on real value instead of scarcity?
Some people (including me) are thinking of linking currency to (renewable) energy production and using kWh as unit of account. This would be truly abundant as currency supply would grow with the available energy.
I have been thinking of "mining" coins with every renewable kWh produced with a system of certificates. Apart from the probably incomplete design of this, I circulated this proposal to leading thinkers in energy backed currencies (Chris Cook, Shann Turnbull, nef's Josh Collins, and others), and they all seem to not favor that the currency be in fact redeemable to actual energy, but instead be used in reference to. I haven't fully understood the details of that though.
I am happy to provide the mentioned email exchange if there's interest.
I think as a proof-of-concept, this should be done for Bitcoin. It is
well known and even if we cannot all agree on its properties, it would
be a good first step. Just imagine a Wordpress plugin which would add
JavaScript code to mine Bitcoins. Later on people will maybe find
better currencies.
Hi! On Mon, Jul 8, 2013 at 8:22 AM, Stéphane Mourey <stephan...@impossible-exil.info> wrote:And, yes, it is a very good point for my proposal that it work without the user attention. The suggestion you made to allow users to provide their own bitcoins instead of mining does not work that way and redundant with Flattr.No, it is different. You don't give bitcoins on per-content basis, but in the case of browser extension or browser integration of this system, you could fill up your browser with bitcoins, which would then be used to augment the bitcoins mined automatically. Like for each bitcoin mined, x5 is added from your wallet. Or something. So there is no additional attention required, except that the user him or herself will have to opt-in into the system as well. Which is in my opinion already required at some point because it is a bit intrusive.
Install an adblock, and suddenly the web is much less noisy, much more content oriented: a better place.The whole concept of adblock could be argued against, as well. Because it is clearly against the wishes/terms of the content provider. You might not agree with the terms under which it provides the content, but then don't consume that content. Analogy could be that if you don't agree that you have to pay in the bar, you install payblock, don't pay, but still drink bear. Bars will become then much more bear oriented, a better place? ;-)
So the fact that you don't agree with some terms does not mean you have the right to breach them. Maybe as a statement of protest. But it is a thin line.
(Here, I am just being the devil's advocate, just to show you that while we might don't like ads, they do and are today a primary force behind content creation and facilitation on the web and we should not just so easily ignore that fact.)
In the actual system, the content provider cannot expected any financial reward for free content without ads,But content provider does not see it as a free content. It see it as attention-paid content (or service). Only consumers often want to believe it is free content. (The other one is privacy-paid content or service. This are two ways we pay on the Internet already. The question is if this is really something so problematic based on what we gain from it. But I agree it would be interesting to have another payment system.)Online ad business certainly have other beautiful years to come. But, at least, adblockers and M4U together constitute a way for users and content providers to escape from its dictatorship, build another economy and spread culture.You mean, constitute a way to steal? ;-)
Yes, this dictatorship of banks that they keep all the money. We have to escape from this dictatorship! Dictatorship in itself is not necessary something bad. You have enlightened dictators as well.
Stéphane MoureyMitar