[mnet-devel] Lucrative, e-gold, peppercoin, etc

[Jim McCoy]

I knew that at some point Lucrative ( or the old Lucre stuff it is 
based on), or e-gold, or peppercoin, or a host of other anonymous ecash 
research projects would eventually enter into the conversation. I just 
hoped it would take more than a day or two...

Building a coin server is easy. The hard part is attaching a viable 
payment and settlement infrastructure to the rest of the system and 
getting it all to work (e.g. SOAP, xml-rpc, and even SOX are too 
heavyweight to be much more than an interbank protocol for what we are 
talking about).  The impossible part is hooking this system up to the 
"real world" and getting any sort of real money backing the digital 
tokens (and getting any sort of wide-scale penetration for the system). 
There are several solutions to the first part, a few pass the second 
hurdle for specific applications, and nothing really meets the third 
challenge. For the purposes of this discussion, I really don't think 
any of these systems are relevant. Once an application layer is set up 
and working without causing the rest of the system to suffer you can 
start to dream about what kind of meta-payment system you might want to 
play around with, but I would suggest dealing with the low-level stuff 
first.

Jim




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