It appears that Matthew Petach via NANOG <[email protected]> said:
>> https://www.wisdom.weizmann.ac.il/~naor/PAPERS/pvp.pdf

>OK, I read the paper through, and they put considerably more thought into
>the calculation side;
>however, this paper explicitly calls for a centralized Pricing Authority,
>which is exactly what I'm
>advocating *against*.

There's been lots of other work like their Penny Black, and Hashcash,
that let recipients decide how much work they want to see.  Dwork
worked for Microsoft and for a while MS tried a version of it in
their mail systems.  

They all failed for a variety of reasons, one of the most intractable
being that criminals with botnets have a lot more CPU power available
than legitimate senders. Tahe usual botnet blacklist techniques don't
work since the botted machines talk to the senders, not the
recipients.

Wikipedia has a summary of these WKBIs:

https://en.wikipedia.org/wiki/Cost-based_anti-spam_systems

R's,
John
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