Quote from: Taek on May 01, 2014, 04:24:13 AM

Quote from: northranger79510 on April 15, 2014, 04:13:36 PM

Quote from: seek4dream on April 15, 2014, 04:07:21 PM

Can someone comment on the technical aspect of this coin?
Any innovations?

Yea. Plenty if its real. It is similar to Datacoin and Skycoin to put in simple comparison. Except for it is a scam and nothing but a scam and only a fool would invest in here. Any poster that tells you to invest are either part of his crew and most likely a newbie status. DO NOT TRUST!

Well, StorageCoin is a scam. Siacoin is not. Wish I had seen this back in February when he made the first post. The technology is real (only starting to be implemented).

Quote from: ownerbest on April 16, 2014, 08:17:28 AM

Just at today, the Poscoin ran away, took all the investor's BTC away.
I just want to say, be careful with IPO, though I really like STC's idea.

Thanks! I've worked hard on it.

Quote from: ChuckOne on April 16, 2014, 06:52:48 PM

Are you sure Nxt parallel chains will work the way you described it? https://nxtforum.org/parallel-blockchains/what-the-status-of-parallel-blockchain-for-nxt/

Quote from: Storagecoin on April 15, 2014, 02:29:17 PM

The Storagecoin Parallel Chain
Each node in the Nxt Parallel Chain is a blockchain. Each blockchain tracks a random subset of the wallets on the network, and each wallet belongs to only a single blockchain. Each parent node has aggregate information about its children, as in the following example:

In the diagram you can see that blockchain 1.1 tracks wallets 1.1.w1 and 1.1.w2. The combined balances of all the wallets in 1.1 is 4, so 1.1 reports its aggregate balance as 4. Similarly, blockchain 1 tracks the two blockchains 1.1 and 1.2, which have a combined balance of 14. Blockchain 1 then reports its aggregate balance as 14.

When sending a transaction, transactions travel through the Parallel Chain:

Here we have two example transactions. The first is from 2.w1 to 2.w2. Blockchain 2 confirms that 2.w1 has sufficient balance, and then confirms the transaction. In this case, only a portion of the network knows about the transaction, as the aggregate balance of blockchain 2 did not change.
In the second example, 1.w1 sends money to 2.w2. First blockchain 1 confirms that 1.w1 has sufficient balance. Then, the root blockchain confirms that blockchain 1 has enough aggregate coins to send the transaction to 2.w2. The root blockchain does not know about wallet 1.w1, it only knows that blockchain 1 has a large enough aggregate balance to send money to 2.w2. Finally, blockchain 2 receives the transaction and allocates the coin to wallet 2.w2.

Uhh, we don't rest on top of Nxt. I'm not sure why the guy added that in, maybe to sound more credible? Regardless Nxt is an entirely separate project and we don't rely on it in any way.

Quote from: ChuckOne on April 16, 2014, 07:30:15 PM

Maybe, you can outline the following issues:

1) What is the purpose of the blockchain tree?

2) What is the root supposed to be?

3) Why focusing on the hosts for providing storage?
In the Nxt realm, we focus on accounts as the primary subject. They might have several hosts associated with them but that is all. In case of StorageCoin, the hosts attribute of a Nxt account would be available for the network to send requests directly to specific hosts (to query data or store data).

1. The purpose of the tree is to spread out the load. Sia hopes to house billions or more files. If you have 1 billion hashes on your machine... that's a lot of overhead data. We needed a way to spread things out and a tree seemed like a reasonable approach.

2. Not sure how to answer this, because I'm not sure what you are asking. The root is the highest level of the tree and it manages the most aggregate info. It also makes the decisions like the price of storage.

3. The focus is hosts because we're trying to store files at extreme efficiency. I believe that Sia can be hyper-competive with S3, being cheaper than Amazon Glacier, more secure (colocated), faster, and equally low-latency as S3. I'm somewhat ashamed to admit it, but I don't really know much about Nxt. There's a lot of noise in the bitcoin world and it's hard to tell what's legitimately innovative.

let's see the feedback from the dev of stc...lol...