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2009
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Now What?
Here’s what I’ve got planned for AEIOU now:
OpenPGP Integration
An issuer in the AEIOU system is currently identified by their username and the domain name of their server. This is less than ideal. If a server has multiple domain names (perhaps it runs as both a Tor hidden service and an I2P eepsite simultaneously), users won’t [...]
Intermission
I was laid off from my job this past Tuesday. Since then, I’ve been even busier than usual, mostly working on my resume and website. If you’re looking to hire a programmer, or know someone who is, let me know.
I’ll be back to work on AEIOU stuff soon.
Changes Thus Far
There have been lots of small changes made since the first version of AEIOU was released. I’m just going to cover the more important changes here before moving on.
IOU Definitions
When I started working on AEIOU, I had planned to allow bearers to split a single IOU into multiple IOUs of lesser value, and to merge [...]
Initial Design
AEIOU is a “digital bearer certificate” system, though I wasn’t aware of that term or of other DBC systems I first started working on the project. The DBC concept is pretty simple. For each certificate there is an entry in a database on a server consisting of a unique ID, a password (sometimes the ID [...]
Unmet Needs
There are three categories of problems with existing currencies and payment systems that I’m looking to solve with AEIOU: micropayment issues, privacy issues, and trust issues.
Micropayment Issues
Micropayments are very small payments, denominated in units of one tenth of a cent or smaller. They were proposed as an alternative to the advertising-based business model used by [...]
How to Make Money
What exactly is money, and how does it get its value? The concept is simple enough, but there’s a lot of confusion surrounding it. Money is any good that is generally accepted as payment. Currency, by contrast, is a specific medium of exchange (US Dollars, Japanese Yen, Ithaca Hours, Beenz, etc.), created specifically for use [...]
Introduction
AEIOU is an open-source system for creating electronic commodity currencies. I’ve been working on it off and on (mostly off) since 2006. After yet another hiatus, I’ve decided to get back to work. However, I’d like to take a different approach this time.
Quite frankly, I’m a little bit embarrassed at the relatively meager progress I’ve [...]
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