> Decentralized P2P systems based on cryptography were not new in 2009 (you probably heard of Kazaa and Bittorrent prior). What these earlier decentralized systems lacked was economic incentives, and the lack of baked in economic incentives is arguably what stifled these early P2P systems from persisting and thriving over time.
Both Kazaa and Bittorrent worked because of economic incentives.
For example-- if you visited what.cd before it got shut down, you would find all these beefy seedboxes just sitting there waiting to shoot data at noobs to improve their ratios.
If there's a distinction to be made, it's that the P2P filesharing ratios aren't fungible.
Both Kazaa and Bittorrent worked because of economic incentives.
For example-- if you visited what.cd before it got shut down, you would find all these beefy seedboxes just sitting there waiting to shoot data at noobs to improve their ratios.
If there's a distinction to be made, it's that the P2P filesharing ratios aren't fungible.