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Ah, ok. I think Bitcoin would serve the purpose much better!
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This has been done before, several years before Bitcoin was ever invented. I can't for the life of me remember the name of the program but it was an open source P2P network with its own virtual currency. Obviously it never caught on.
Interesting... Do you think Bitcoin would help it, uh, catch on easier? |
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So, maybe something like Freenet's data storage scheme (maybe without the possibility of old data being removed), but with financial incentive to provide storage space and a free market system to ensure that using it stays cheap? Sounds like a great idea, and a great place to integrate bitcoin transactions. Right, exactly! |
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I agree with davout in that no one should be touting any online wallet as a zero-trust service, regardless of how the private keys are dealt with. But, I also agree with others that blockchain.info is one of the most secure and trustworthy platforms I've seen.
No one should be touting blockchain.info as a zero-trust site. But it needs a heck of a lot less trust than other online wallet sites.
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I was looking for online storage providers last night... they all charge an insane amount if you want to store large amounts of data (most were more than $100/month for 1TB of data... what??). So I got to thinking, what about integrating Bitcoin into a distributed file storage system?
I believe I have heard of torrent-like file storage systems, where pieces of people's personal files (encrypted, of course) are stored across other users hard drives. What about taking that sort of system a step further?
Files would be distributed across other users computers, but each user could be paid for volunteering their extra HDD space and bandwidth for the purpose. They could set their own price (in Bitcoins) per GB of storage and per GB of bandwidth, and anyone needing to store files would automatically be given the best price for storage. Sort of like a GPUMax for online storage.
Of course, you'd want each piece of the files to be backed up in more that one location, so that they are accessible regardless of whether some of the hosting computers are turned off or not. Maybe people could pay extra for extra backups too. 2x copies would be standard, 3x copies could be paid for with 50% more on the price, 4x copies 100% more, etc. And any host falling below a specified amount of uptime during a given time period would be booted from providing and/or not get paid.
The main reason for the project is this: I think individual users are able to, and much more willing to, sell online storage space for much less than a hosting company would. For example, I'd be willing to rent out 100GB of space with 500GB of bandwidth for $5/month. Dropbox will do the same for $20/month. Add another user like me, who is willing to rent out 100GB of space for $5/month, and you have your two copies, but it only costs the user $10/month instead of $20/month with dropbox.
Thoughts? Would this be doable/practical/feasible/useful?
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My arrived recently great magazine.
Thank you Sergio! Hope to see you ordering a subscription! The next issue will be increased page count, higher quality content, and faster deliver for most. http://subscribe.bitcoinmagazine.netWhen can people who only ordered a single order of the May issue be able to order a single order of the June issue? I assume the website will be updated in a couple weeks (after the May issue is not being popularly ordered anymore)? On that note, it'd be awesome if the ability to post-order an earlier issue was somehow kept, assuming stock of that issue is still available. |
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He said items the size of the picture in the OP would be $20-$40, and it's 16" x 18", roughly.
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I run an active forum with lithiumhosting.com and I receive no complaints from support. They reply to tickets usually in less then 30 minutes, I've been using them as my host for almost a year now. What forum software are you using, and how many posts do you have on it? MyBB ~2000 Posts ~275 Threads Using the $1/Month Service Might not be as big as your forum, but you get the point. Ok, thanks for the suggestion! |
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It seems Jody had the day off today.
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I don't think mining rewards are going to have much to do with it. I started an (informal) poll on the forum, and just about every miner said they keep their coins instead of selling them.
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Just FYI, I didn't get emailed my confirmation that my order shipped until 5/12, even though it actually shipped on 5/10. So you might not know that it shipped until a day before it is at your doorstep.
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I run an active forum with lithiumhosting.com and I receive no complaints from support. They reply to tickets usually in less then 30 minutes, I've been using them as my host for almost a year now. What forum software are you using, and how many posts do you have on it? |
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Wasn't Falkvinge the dude who tried to use his influence to profit from his followers?
Anyway. There was a post above, and I read it up to the word "manipulator". Would everyone finally give him a rest? The omnipotent manipulator explanation is so old, you can wrap a whale into its beard. And still, I don't remember any sensible explanation of market movement that came from it.
Well. Apart form the aforementioned Falkvinge case. That was proper manipulation.
I always viewed "the manipulator" as a collective of like-minded people who inadvertently make similar decisions. In other words, us. |
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No one can short BTC anymore. That is, without doubt, the biggest likely reason for a BTC rally.
Then any rally from here out is probably not going to end well once shorting is brought back. Exactly. As soon as people start shorting again, those extra (arguably artificial) sells are going to push the price down. But what do I know. Every time I sell coins, the market moves up. If shorting really does affect the price this way, then once it's back I don't think it's unreasonable to expect prices back down below $5. Certainly possible... |
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No one can short BTC anymore. That is, without doubt, the biggest likely reason for a BTC rally.
Then any rally from here out is probably not going to end well once shorting is brought back. Exactly. As soon as people start shorting again, those extra (arguably artificial) sells are going to push the price down. But what do I know. Every time I sell coins, the market moves up. |
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No one can short BTC anymore. That is, without doubt, the biggest likely reason for a BTC rally.
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One of the forums I run is hosted at bluehost.com, and experiencing significant slowdowns... They said they noticed high CPU usage, but couldn't really provide me a solution. Basically, I am maxing out their offerings.
So, I would like to look at moving hosts, and wanted some recommendations. I don't much like the idea of manually managing things at the VPS-level, I'd rather just have a nice cpanel ready to go when I sign up. But, it needs to have more oomph than what bluehost provides.
How about suggesting your budget, BTC or USD, and someone would be better informed about what you can afford. Hah, good point! I'd like to stay under $10/month, willing to go up to $15/month max. Willing to use BTC or USD, but I haven't been very impressed with the small-scale BTC operations around. |
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One of the forums I run is hosted at bluehost.com, and experiencing significant slowdowns... They said they noticed high CPU usage, but couldn't really provide me a solution. Basically, I am maxing out their offerings.
So, I would like to look at moving hosts, and wanted some recommendations. I don't much like the idea of manually managing things at the VPS-level, I'd rather just have a nice cpanel ready to go when I sign up. But, it needs to have more oomph than what bluehost provides.
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5.50  it soooooooooooooooooooooo wanted to break through $5.50!!!!!!!!! gogogogogo It did break $5.50. High:$5.50001 |
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