eth settles micro-payment-transactions for using Mysterium dVPN services...either per kb or session duration....think .02 eth per 200 hours of usage or something.  eth needs to be fast yes, but only as fast as the quickest contract possible (maybe .001 eth per 1 MB received..happens in seconds)... eth's settlement speed, wont affect the actual network's wifi speed, but it will impact contract creation times/limits

sucks missing out on iota, i didnt 'get it'.. ......now bagholding this, but i see the vision in this project and id like to let you know why i still love this project and dont mind seeing where we are in 2019. i would like to open some more discussion on this dead thread here.

first, like 4 more devs   ..this is where we should have been after ICO but... ..whatever, were moving now.

the year...is 2049 / 2020.
net neutrality is decimated. TOR servers are tracked and destroyed. vpns are made illegal. the onyl channel is Fox News and Big Bang Theory on repeat.  there is little fiat. BTC market cap is 300T...governments have sent replicants to decimate all homegrown vpn cells...named 'Providers'. MYST is the currency and economy of providing access to uncensored information...it is .1 BTC...

ok...well..not exactly.

iota i see in smart cities, ripple i see as being huge because its fast as shit, bitcoin and eth are sweet because you can EARN them hence the incentive. all huge winners already.

only problem is you have to MINE for btc and eth (for now until Casper) which is expensive and honestly just wastes electricity...but MYST you can EARN just for having your computer ON and sharing a percentage of your bandwidth. like..no setup overhead involved. make money while you sleep.  its the lowest barrier to entry for ANYONE to be a part of it. is it easier than staking a wallet? maybe the same?

this network will grow. we have 8k twitter followers. it takes one price jump if Beta is cool...good news, some attention to get to 40k, then the other final jump to like 200k, and were BOOMING. 200k users would be sick, then who knows...this is all assuming the network is secure and fast...and how the market takes Orchid's product as well. i will probably get orchid tokens as well just because i support this dVPN idea so much.

and as for the tokens value, it has utility..if thats how we're pricing these things...its also definitely decentralized.


BTC (and decentralized systems) are apparently priced as such: square root of number of users * avg transaction value... it has nothing to do with supply or market cap


http://www.businessinsider.com/bitcoin-price-movement-explained-by-one-equation-fundstrat-tom-lee-metcalf-law-network-effect-2017-10

lets try and use that model to try and get a realistic expectation of MYST price relative to number of users and avg transactional value per node.

in my example say we get paid $5 a month of MYST for providing a monthlong Session, that is the avg $$ value of my node, and ALL nodes (perfect competition) per month...and well say network with 4000 participants....  = root(4000 users * $5) = $141.42  

.....200k users?...$1000 per MYST...just a comparison



..... the $5 is assuming people are using this constantly though


...if they only use it for say 1 day a month?
$5 a month /30(days) = .16 cent a day ( avg value transaction per account) * 4000 users = root(666 ) = $25 MYST...thats if only 4000 people only use it 1 day a month....

40k people using it only 1 day a month? = $80 MYST
40k people using it 4 days a month? = $163 MYST...which is my target we can hope right?
 

all depends on number of participants...and their participation.


its costs MYST to BE a node, AND to USE it. if you want free VPN, you just need to provide more bandwidth than you use on the network, since it should theoretically all cost the same. if you want free VPN constantly (the $5 a month constant usage scenario), you need to share bandwidth (while sleeping) to pay for what you use during the days  you could have free VPN for the whole month. you wont make anymore MYST than you use, unless you ONLY host sometimes and don't use the network...which should be an option.


i hope the costs of registering a node will financially deter a hacker from spinning up a bunch of bad nodes and slowly ruining all of their reputations from hacking. id like to discuss this more. and aspects of orchid if anyone would like.

anyway, this is some cool tech, circumvents firewalls, and you will get paid for it.

as always, hodl.

not on any big exchanges. they have no dVPN product code on github as of yet.

it depends how this VPN ban is implemented...right now, the firewall is simply a blacklist of IP addresses

heres how things are now.


The Chinese gov would have to blacklist the IP of every out-of-country Mysterium node, to effectively ban the service, and IPs change constantly, depending on what nodes are where...depends how many users we get. i guess we'll see.

i read it as, yes....what are you smoking, get out of here.

would also like to point out...if this net neutrality decimation passes...Mysterium is THE workaround...all users would have access to international ISPs through this...hope network speed is fast!

substratum is not a competitor. substratum is siacoin, but for browser-based web surfing/hosting, instead of file-based hosting...they need to disrupt AWS to be successful....thats all im going to waste my time saying.

This is a multi-year project and investment...like Ripple...Ethereum...Bitcoin...IOTA...like most projects with legitimate potential.

If there were weekly updates, you're expecting 100+ updates that really are all geared towards basically code development..which you can see on GitHub already without an official update.  More devs is really all we need to know until product beta launch. Even after launch, the only update Im expecting is either more devs or security audits...for another year at least. The only update anyone here seems to need is a price increase...takestimeman.

Despite the FUD about MitM attacks, nefarious nodes, this is a project with relatively painless massive adoption potential. A VPN protocol that any person can use and any developer can implement? Count me in.  Mysterium is a protocol, not just an app. That is my main interest.

Anyway, Robertas was walking with some bravado at DevCon like he's Mark Zuckerberg or something.  The team believes in this project more than the market right now. I'm into it. Also imagine a 1984 where American's can't access VPN providers...Mysterium could be that loophole, through Canadian's WiFI

During the icos most projects are willing to keep the community informed. But when they got the money, mostly it change.
[/quote]What do you mean by saying the team will start another token sale, does it mean a new project or second ico of MYST, i would like to hear some news about this
[/quote]

its a 2nd token sale for the remaining 11 Million Myst...hopefully there will be more demand for them by then...but regardless if there is, i would expect a possible 30% price dip leading up to the 2nd ICO

...being paid in MYST for providing your wi-fi.

I think there is some cultural business differences in their acumen, mindset, and presentation, but whatever. i would at least wait for beta before selling low. theres only 2500 hodlers, and only 250 people watching Git, which has been active since Oct 2016, so there has been significant thought going into this project. way before we all got our dicks wet in april during the boom and heard about it.  maybe someone can chime in on the code, but this network is going to be for real and a lot of us are going to stake our bandwidth for coins. (are coins staked too?) idk....i dont think ISPs would be able to disable this? regardless if the world goes down the wrong road, in 3+ years this network may become invaluable. we could debate the incentivization of tor-like networks, which i know nothing about, but overall, what we really need is a better community HERE to HELP CODE the platform..and spread the word to anyone who is a genius and likes chess apparently. this is such a cool idea, and a true representation of cryptos potential imo, other than btc's financial help for those in hyperinflated countries...anyway, cant to see how the project develops....they already hired 1 guy and said theyre hiring more so..im inclined to believe they are...hope everyone elses dogecoin does well.

this coin is just getting started and has incredible value.  wouldnt be surprised if it became illegal and then it gets sponsored by wikileaks.

how are tokens already on liqui? i invested at ico and havent received the email on how to claim my tokens.  ico price was 1 usd per myst.