Post
Topic
Board Altcoin Discussion
Re: MAIDSafe coin to launch in this month!
by
TPTB_need_war
on 08/02/2016, 19:41:45 UTC

I read the white paper last week.

1) Sybil - Bonds and unique pieces

There is no way to do proof-of-storage that is robust. The only way is to make some assumptions about latency of propagation to a centralized copy of all files, but that can be gamed. Propagation is not proof.

2) Illegal content - Greylists

The Storj FAQ confirms these are opt-in, and not forced. Thus I maintain my point that the Storj protocol can become banned (refused) by Hosts (and even ISPs). We are moving into totalitarianism and increased government control over the internet.

This direction of enabling theft of copyrights is begging for your project to be attacked and fail.

3) Bandwidth vs storage - pay for both

Pay how? Micropayments for each access to bandwidth?

How to pay for storage when it is decentralized with unbounded replications and can be Sybil attacked.

Sorry these decentralized systems are doomed. The concept can't work.