blah blah
let's see this working and then we'll compare it to "legacy" systems.
ahh those jealous guys.. you tried to design such a system and failed?
EDIT: i thought you talked about zennet rather ItsNotMe. apologies
haha no I just wanted that sterile discussion to end :-)
it was a good discussion until ItsNotMe got out of answers.. either he doesnt like decentralization, or crowd funding, or zennet, or myself.
PS i edited the comment for you above..
actually he may have a point there... a centralized service would solve many of your challenges, like trust/reputation (moderators could ban bad guys) and all the micropayment thing (buy prepaid credit in btc and then you can pay instantly).
See my previous comment. Let me just add that Zennet is suitable for centralized services as well: in pure theory, no reason AWS won't offer their servers also via Zennet, while publishing their Zennet address on their website, and everyone knows that they can trust this address as AWS. The same for the second end: processing power consumers such as universities, Google etc.
Anyway, this time my question specifically is, how do you solve the problem of requiring high speed tx processing? is it with a coin with fast confimation times? have you decided on pow/pos?
I'm interested but still have doubts.... also, can anyone enlighten me on why cpushares failed?
Good question. The original plan was to work with DPOS which is like Ripple but breaks some of the centralization with POS like. After discussions with HunterMinerCrafter we consider moving to plain POW. Please see above more about this subject.
As for cpushares, sorry, I know nothing about it.