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@lists.zooko.com http://lists.zooko.com/mailman/listinfo/p2p-hackers ----- End forwarded message ----- -- Eugen* Leitl <a href="http://leitl.org">leitl</a> 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