Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Storj - Decentralized Storage
by
agorism
on 06/04/2014, 16:48:58 UTC
The interface looks really nice. Purple is a good color.

You said: "No, neither are particularly useful on our case. Our prototype coins + a storage application will be launch very soon." in reference to proof-of-burn for initial distribution of coins, and slasher for ongoing coin distribution.

Do you care to elaborate at all?
How are you going to distribute the initial coins, if not by proof-of-burn?
Giving out free money to whoever happens to own the best hardware on your release date?

If you do POW like bitcoin, then your inflation rate will be around the same 15% that bitcoin is looking at.
If holding StorJcoins always has 15% inflation, then it wont be very popular as an investment vehicle.

What do you think of the concept of "bonds", like US financial bonds that the government sells?
Bonds help stabilize the value of the currency in a huge way.
Slasher-style POS would mimic bonds.

I can't think of a single benefit of POW over slasher...

If you do not implement these things, then I think I am more excited for alt-StorJcoins than I am for Storjcoins.
Any advice on how to fork your project? Should I wait longer for it to get more developed?