[p2p-hackers] P2P Micropayments

[Sam Joseph]

Hi Zooko,

Zooko O'Whielacronx wrote:

>>http://www-db.stanford.edu/~byang/pubs/ppay.pdf
>>    
>>
>I'm very interested in this research!  It includes the "bilateral accounting
>scheme" that Doug Barnes and Jim McCoy invented for Mojo Nation (called "soft
>credit windows" in this paper), plus a very good idea of how to safely off-load
>the token-verification work from a central server to peers.
>
Yes its interesting stuff - starts making me think if there couldn't 
even be simpler schemes that would allow a two-party interaction to not 
rely on a third party and avoid the layered coin inefficiencies.  Some 
way of allowing a broker to issue a coin to user U, and then making it 
so that anyone could re-assign it to another user, but would invalidate 
their own coin in the process.  Although maybe that's impossible.  I'd 
like to spend more time thinking about this, but there's so much else to do!

>>Particularly x-mojo-nation people who wanted to let the authors know 
>>about MNet
>>    
>>
>Actually, this has already happened!  The authors generously mention Mojo
>Nation in that paper even though there is no extant documentation describing
>the economic aspects of Mojo Nation.
>
Right - I wondered if they had talked to you, but what surprised me was 
that they didn't mention MNet by name, since I was assuming there would 
be existing MNet documentation they could reference ....

CHEERS> SAM