Re: [ANN][Datacoin] Datacoin blockchain start announcement (Minor code upd + logo)
Hey guys. I wrote the nontechnical paper for Bitcloud. Just wanted to pop in to discuss the similarities with our projects because they are somewhat similar. As cryptrol pointed out, this is a brand new protocol that is based on proof of bandwidth, so it's not really an altcoin to Datacoin. The main ideas we've been thinking about when it comes to Bitcloud are a decentralized YouTube alternative and a way to monetize a meshnet in the distant future. Would projects like these be possible with Datacoin? Nodes are paid for sharing bandwidth in Bitcloud, so I am wondering if Datacoin would run into trouble when it came to apps that required large amounts of bandwidth. Let me know what you guys think. Thanks.
Hi!Datacoin can run into trouble if someone wants to store big files in it
Generally, I have such an idea. Datacoin stores only text info: html pages, css\js for them, small pictures (logos?), magnet links, etc. It also will store info that really needs redundancy. It will be fast storage with its own services. In that case Bitcloud can offer media storage for that - it won't need such redundancy, but it will work in pair with Datacoin. Just imagine: Namecoin as root DNS service, Datacoin as service for storing text info and security keys, for example, and your project as a media storage. It is really some kind of new, free Internet with economical/financial background.I'm familiar with the problems associated with storing larger files in Datacoin, but are personal chains a solution to that issue? I've been thinking that personal chains would be similar to our system of moderators. Nodes basically subscribe to a moderator, and then the moderator decides the kind of content that can be stored on the node. This means that all of the nodes aren't storing the same data, and they can make sure they are still following the laws in their local jurisdictions. It's an incredible idea from Liberman. Then again, it's hard to look at the similarities since both ideas are brand new. I agree that all of these projects are extremely exciting. Hopefully we will be able to create the new, meshed Internet with financial incentives for nodes in the future.