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Computer scientists are using a novel peer-to-peer video sharing application to explore a next-generation model for safe and legal electronic commerce that uses Internet bandwidth as a global currency. The application (available for free download) is an enhanced version of a program called Tribler.read more | digg storyI like the way social networking has taken off on the internet. For any social networking site, the revenue generated has mostly been due to advertisements based on traffic, or payment for services rendered. [Buying things on the internet.] Most of us have used peer-to-peer generally for downloading movies, songs, files, etc. [No, I am not broaching any kind of legalities here..] Sometimes they are slow, and sometimes fast. If you pay and opt-in into the system, you have better storage capacities, and participation. Most ISPs charge you on the data traffic that you have used. Here are the folks at Harvard, taking a new look at the way we do business. The way I see it, the implications are huge, and powerful. As in any business strategy, the early birds get the worm. Here's my breakdown of whats going on... [geeks and gearheads, please ...