Didn't Enron have this idea before the shit hit the fan?
lol thats the first thing I was going to say when I saw this! Bravo
Internet bandwidth will make a terrible currency because historically the price of bandwidth decreases every year.
A much better currency would be energy, water, or refined energy.
You can have all the bandwidth in the world but if my P2P's algorithm allows you to download based on your upload then its good. In other words don't confuse the pipe for the water.
The pipe is useless without the water. The water is useless without the pipe. So perhaps if energy or water were made into a currency, it would need to include delivery or pickup at certain defined locations.
Then the currency is data ('upload', water), not the bandwidth (pipe), right?