From jamesd@echeque.com Fri Jul 6 02:41:07 2018 From: "James A. Donald" To: cypherpunks-legacy@lists.cpunks.org Subject: Re: [p2p-hackers] Bitcoin incentive on Kademlia networks Date: Fri, 06 Jul 2018 02:41:07 +0000 Message-ID: <172289278091.3881296.2110740056241479675.generated@mail.pglaf.org> MIME-Version: 1.0 Content-Type: multipart/mixed; boundary="===============5591276550039970608==" --===============5591276550039970608== Content-Type: text/plain; charset="utf-8" Content-Transfer-Encoding: 7bit On 2012-11-03 6:32 PM, ianG wrote: > > Beyond this simple statement, however, is a sea of ideas, in which one > can easily drown. E.g., you've identified a simple exchange process, > discovered a weakness, and then proposed a reputation system to cover > the weakness. Adding a reputation system to solve issues is like a > deux ex machina in systems; Rep systems are little understood and > generally or frequently crap, so chances are you'll end up building > something that won't work, and wasting a lot of time in doing it. Price discovery is hard, and reputation systems are hard. Nonetheless, we need price discovery, and we need reputation systems. I am not sure how to get there from here. But yes, there is no point in fixing a problem which is hard to solve, with a solution to a problem that no one has yet adequately solved. > > Mojo Nation tried to be an economically informed p2p system, but seemed > to run out of grunt as a project. It failed because it tried to solve > every problem, and drowned. Mojo failed to address the problem of price discovery, which was central. I would say Mojo drowned of insufficient ambition, rather than excessive ambition. Xanadu failed of excessive ambition _______________________________________________ p2p-hackers mailing list p2p-hackers(a)lists.zooko.com http://lists.zooko.com/mailman/listinfo/p2p-hackers ----- End forwarded message ----- -- Eugen* Leitl leitl http://leitl.org ______________________________________________________________ ICBM: 48.07100, 11.36820 http://www.ativel.com http://postbiota.org 8B29F6BE: 099D 78BA 2FD3 B014 B08A 7779 75B0 2443 8B29 F6BE --===============5591276550039970608==--