On 12 November 2012 13:43, Natanael Arndt <[email protected]> wrote: > Am 12.11.2012 13:29, schrieb Eugen Leitl: > > On Mon, Nov 12, 2012 at 01:15:53PM +0100, Natanael Arndt wrote: > > > >> I don't say it is impossible to run a BitCoin client on a FreedomBox but > >> I say the systembehind is not good, because it rewards people for > >> burning electricity to get the virtual currency, that's not better than > > At the current difficulty only FPGA and ASIC based systems might > > or might not be able to mint cost-effectively. You will not be > > able to mint with an embedded client. You don't need to be able > > to mint in order to use a currency. It is easy to buy BitCoin > > for fiat currency, and it is sufficiently frangible to provide > > sufficient liquidity even with very few coins. Transactions > > fees are completely optional. > > > >> mining gold by using bad chemicals to extract the gold. > > You're welcome to build an alternative system which doesn't > > have BitCoin's problems, and that people will adopt. It is > > a much harder problem than most people realize. > > > >>> You're trying to reinvent a square wheel. Just use BTC. > >> I think a project like FreedomBox should better motivate people to help > >> each other by sharing resources rather than supporting a system where > >> people are increasing there computing power to be the one who gets the > $. > > You're not well-informed about practical realities BitCoin in late 2012. > > The minting ship has sailed a long time ago. > > > >> An why is this weal square and which one is round? > >>>> By the whay: that is,what I first thought BitCoin would be when I > heard > >>>> of it ;-) > >>> If you're trying to maximize the utility of FBX, you need > >>> to put on it what people are actually using. Not what you > >>> think they *should* be using, and what doesn't even exist > >>> yet. > >> Are people using BitCoins? Are people using pear to pear communication? > > Of course people are using BitCoin (e.g. a friend paid > > me with BTC for a beer, transaction was instant on 3G from > > a mobile phone to a Nexus 7, tethered via 3G). > > BitCoin happens to be P2P. > > > >> We are trying to make something new and better! > > A laudable notion, but where is your system? And what are the > > incentives for people who already use BTC transactions to also > > adopt your system? You will need some significant advantages > > to overcome the network effect, which will only get stronger > > over time. > > I don't say I have a system in place but I think a system where you get > e.g. 1 FreedomCoin for letting somebody use 1 GB of your storage for 1 > hour of for letting somebody use your CPU for some amount of time would > reward people for helping others to do useful work. And then you could > use your FCs to use computing power when you need it or go to the bakery > and buy some bread while the baker can pay his web-page hosting with > those FCs. >
Applying currency in the wrong social situation is very problematic. For example if you were invited to a dinner party and left $10 on the table that would be considered crass. Rewards should be by default for the commons for people helping each other out and gaining good karma for it. But *in certain situations* under mutual agreement, it may be possible to negotiate pay for service (reciprocity), but that should never be the default. Getting the social protocols right, in a project like fbx, is more important than devising the technological ones. That said, there's no reason why a vibrant economy cannot exist that benefits everyone. Reference: http://www.youtube.com/watch?v=3-son3EJTrU > > Nate > > _______________________________________________ > Freedombox-discuss mailing list > [email protected] > http://lists.alioth.debian.org/cgi-bin/mailman/listinfo/freedombox-discuss >
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