Quote from: agorism on April 06, 2014, 04:48:58 PM

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?

Just our basic template, there will be many more with different use cases as the project goes on.

To be clear we are only talking about the prototype coins for now. Distribution and algorithm for the Storjcoin will be decided in the future. The prototype coins will allow us to test our applications and algorithms on a live network. That way we can learn and arrive at Storjcoin will working solutions, and values based on on data rather than arbitrary numbers.

"How are you going to distribute the initial coins, if not by proof-of-burn?"
For protocoin(let's just call it that for now) standard genesis address funding, most likely using the Angelshares model. We would rather use the BTC to further development then destroy it. I'm thinking of a very interesting equity and mining distribution. I'll be combining all the models that have seemed to have worked over the few months, and adding some of my own.

"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."
I would counter this point, but I think http://coinmarketcap.com/ speaks for itself. Our prototype coin that we intend to release soon will be your typical altcoin with POW, with a few changes. We can use this immediately in our proof-of-concept decentralized storage web app. I think we will be the first to use blockchain as the basis for a full application. The blockchain will store file metadata, and allow all the web nodes to play nicely.

Keynesian inflation doesn't really apply that well here. While initially there will be a burst of created coins (as with any coin launch), but as the decentralized storage web app is used tx fees for storing metadata are returned to miners. So essentially your block reward could mostly consist of recycled coins through the app. Theoretically, you could destroy the tx fees, or replace the block reward with tx fees. Essentially you could enforce smooth and used defined deflation through use of the currency. Or perhaps the tx fees could be returned to the coin holders as dividends. Possibilities of cool economic models are endless.

I can't think of a single benefit of POW over slasher...
POW works, and can be deployed now. Last time I checked slasher only existed on paper.

If you do not implement these things, then I think I am more excited for alt-StorJcoins than I am for Storjcoins.
I've always thought that altcoins helped innovation(although most are copies). So we take the reverse approach. Alt-Storjcoins are built to get to Storjcoin proper, where we just standardize all the models that worked well.