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Salon: The Mojo solution

Oct 09, 2000, 22:09 (0 Talkback[s])
(Other stories by Damien Cave)

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"Still, Mojo Nation looks more a like a libertarian dream come true than anything else that's out there. It is nothing short of the first-ever encryption-protected, user-run, open-source, file-sharing marketplace. It essentially takes the decentralized model of other Napster alternatives like Freenet and Gnutella and adds on a layer of laissez-faire experimentation."

"Home-brewed currency, or "Mojo," lies at the core of this new world. Users cannot simply take and give as they do with Napster and every other file-sharing service. Rather, those who download the free, open-source new release in November must use Mojo to buy and sell content for prices that they themselves determine."

"This is how it works: Download a free Mojo Nation "agent" and set it loose. The 2,000 users who are testing the beta version earn 1 million Mojo just for signing up, but new members can earn currency only by sharing what they already have -- unused computer power on their desktop. Mojo Nation will pay users Mojo for letting the network "rent" their computer's disk space, processing power or whatever else the system needs. The prices change according to the rules of supply and demand: The more people want of what you've got, the more you can expect to earn."

"The same goes for buying. Once you've earned enough Mojo, you can then use the agent to search the network and buy the files that you want, agreeing on prices -- for porn, MP3s or other files -- that are determined by market forces."

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