@freakazoid I know cryptocurrencies are controversial nowadays, but micropayments were thought to be the only hope to create an Internet ecosystem supported by something other than ads.
And Bitcoin seem to be failing at its original promise, while everyone's so busy hoarding it and speculating on it.
@codewiz Actually, there is one approach that I think has the potential to avoid tax & regulation issues, and that's the original implementation of Ripple, the one that makes its name make sense. It was based entirely on mutual credit and didn't have its own unit of account. It was really just a way of tracking IOUs.
A system for tracking IOUs that also included a way for people to vouch for others can probably be made to work.
@codewiz The important thing that Ripple did on top of the IOU tracking was to find paths through the network to cancel out IOUs whenever possible. If you add a trust measure on top of that (which could even be defined as a credit limit), the system could replace debt from someone you trust less with debt from someone you trust more.
A social network for the 19A0s.