Adam Back <aba@dcs.ex.ac.uk> said:

Then I can have some net cash savings backed by the rights to 1Tb of bandwidth at 100 Mb/sec. 100 Mb/sec for 3 days.

A problem with this is that the market prices of the assets is continually dropping. How do I hedge against this. Can I buy futures? Sell 100 Mb/sec for 3 days now in exchange for 200 Mb/sec for 3 days in 1 years time at an predicted equivalent value?

I could imaging making a currency backed by "megabytes of data transfered" to and from my server here in Anguilla. This could be to run a web page, mailing list, or whatever. But you are right that it is an asset continually dropping in value, so it is an odd thing to back a currency with. Would only want to keep enough money in it to do what you currently wanted to do, not as a long term investment. I could imaging just gradually increasing it so that $0.25 for 1 megabyte today became $0.25 for 1.1 megabytes in 3 months, or something like that. Interesting idea... -- Vince