Decentralized protocol market mechanisms people experimented with: • Targeted game theory (http://bittorrent.org/bittorrentecon.pdf …) • In kind resource accounting (tracking just upload vs. download) • In-network token you can't cash out • Generalized and liquidatable tokens
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MojoNation tried building IPFS+BitTorrent w/ a token in 2000. Quote from thread w/
@NickSzabo4 and@zooko: > The smartest thing [@bramcohen] did when stripping down MojoNation to create BitTorrent was conforming the digital resource mechanism to the actual behavior of the users1 reply 6 retweets 33 likesShow this thread -
Quote is from MojoNation founder Jim McCoy by the way. Source: https://unenumerated.blogspot.com/2007/06/nanobarter.html?showComment=1181708460000#c2518193502558600657 …
@NickSzabo4 later jokes about the commenter being "anonymous" while using "we" to refer to MojoNation team. Later identifies as Jim McCoy.
Whole thread is a valuable read2 replies 2 retweets 17 likesShow this thread -
MojoNation was a visionary project. In
@zooko's post mortem, he mentions some assumptions about usage that didn't pan out, causing problems. IMO, Jim's comment doesn't reject tokens. Instead, he is acknowledging that the token added too much complexity to an already grand visionpic.twitter.com/NAltFWWXjQ
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Takeaway: Tokenize after you figured out user behavior. MojoNation incorrectly assumed users would leave their PC connected to network all day. People critique some decentralized projects as bolting a token on to an otherwise understood product. This is an interesting reframing
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The teams behind successful decentralized file sharing protocols also created the first client. Tons of people end up competing to be the best app on top of a protocol, but the protocol creators need to lead the way for others. Gnutella was a very important flash in the pan.pic.twitter.com/z5Y8wG3Uxj
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Imagine tokenized BitTorrent where clients negotiate token/GB rate for a transfer • Seeding after dl can buy faster future downloads • Incentive to seed long term and contribute bandwidth • Token bounties for desirable content would incentivize sharing content people want
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Replying to @backus
This happened and worked tremendously with centralized private trackers such as http://what.cd . Huge libraries with rare items. Long-term availability and speed. If this would reemerge with a decentralized approach
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Replying to @stp_ip
John Backus Retweeted John Backus
Agree! I loved http://what.cd I joined shortly after it was created. I have a whole thread on how decentralization could create a public version of private tracker ratios if you’re curious:https://twitter.com/backus/status/1013951702477574144 …
John Backus added,
John Backus @backus
Tokens are always presented alongside speculative decentralized tech. How can we understand tokens if we don't get the product?
Let's talk about tokenizing a protocol you know: BitTorrent
Getting tokenization right could create an efficient market for content.
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Replying to @backus
Yeah really unfortunate that the collection is sort of gone. It was insane.
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Yeah. AFAIK, http://waffles.ch is still decent but http://what.cd rebuilt everything on Gazelle and was impeccably organized. Hard to compete with that
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