On Sun, 4 Nov 2012 00:20:05 +0100 danimoth wrote: > Regarding my proposal, he has two options: > > *) Share some resources (hdd space and bandwith), and receive payments > for these > > *) Buy bitcoin from other people, exchanging other goods (dollars for > example)
This is what the Relative Theory of Money calls "temporal asymmetry" (or rather it would be if it got translated into English). In a monetary system with a fixed mass, the first users get money for "free", and those that come after have to "work" for them because they don't get any. That's part of what I meant when I said gold and Bitcoins aren't fair. The other part being "spatial asymmetry", meaning that when there is money creation it is not distributed equally either, because in Bitcoin we can't ID people so we can't give one equal share to every participant. A currency can't be both a long term reserve of value and a good medium of exchange, because the former encourages hoarding instead of trade. Since we're talking about file sharing and not life savings, there is no reason to choose a monetary system that allows long term hoarding. _______________________________________________ p2p-hackers mailing list [email protected] http://lists.zooko.com/mailman/listinfo/p2p-hackers
