[ANN] All Developers Please Make This Happen!!!

[jasonslow]

I got a coin idea. Looking for developer right now that will do it for free. This coin uses useful proof of work that can benefit us all. That can revolutionize the internet.

Benefits of this coin.
No domain can be seized anymore
No hosting can be shutdown.
DDOS will be expensive and would not be practical
All information transmitted across the web would be highly secure.
No more domain registrar
No more web hosting companies.
Everyone using the internet is anonymous.
Anyone who has pc can buy domains and hosting without using fiat money.
And more benefits.

If you are interested to code this project please pm me.

This is not about pump and dump. This is the future of Internet. Free Internet control by the People for the People

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[scintill]

Some of this sounds like Namecoin; have you looked at that?

[jasonslow]

Some of this sounds like Namecoin; have you looked at that?

This will not involve mining hashes. This will use a different proof of work.

[Micromancer]

I got a coin idea. Looking for developer right now that will do it for free. This coin uses useful proof of work that can benefit us all. That can revolutionize the internet.

Benefits of this coin.
No domain can be seized anymore
No hosting can be shutdown.
DDOS will be expensive and would not be practical
All information transmitted across the web would be highly secure.
No more domain registrar
No more web hosting companies.
Everyone using the internet is anonymous.
Anyone who has pc can buy domains and hosting without using fiat money.
And more benefits.

If you are interested to code this project please pm me.

This is not about pump and dump. This is the future of Internet. Free Internet control by the People for the People

this sounds awesome =D

[jasonslow]

The proof of work is to store and perform calculations. The more space you allocate in your hd and calculations perform by your pc the more you earn. Every bit of data is encrypted and stored on pc's across on the network. The client will serve as the browser. You can the buy the domains and hosting using the coins you earn directly to the network.

[Sukrim]

You would need a working and audited http://en.wikipedia.org/wiki/Homomorphic_encryption scheme.
These are in the works (and very recently: https://github.com/shaih/HElib has been published) but probably still some time away.

[jasonslow]

You would need a working and audited http://en.wikipedia.org/wiki/Homomorphic_encryption scheme.
These are in the works (and very recently: https://github.com/shaih/HElib has been published) but probably still some time away.

I will look into this. Thanks for the info.

[Sukrim]

Reason for this:
Either I can (in front of a court, because apparently my PC was used to create thumb nails for Silk Road posts) give proof that I can NOT under any circumstances know or influence what kind of calculations were going on on my hardware - OR I need to make sure only legal stuff is happening there, either by offloading this to a trusted 3rd party (e.g. I trust that Apple only lets lawful content happen on their Appstore) or by auditing the available source code of the stuff that is supposed to run.

Anyways, your idea with distributed hosting sound a lot like Freenet, maybe take a look there too and also into the issues they have - and then think if adding money to the mix changes anything.

[jasonslow]

A single file is divided into small bits and encrypts them using the highest possible encryption available and distribute it on the network. Even if they cracked the encryption the data they will get holds no value.

About performing calculations, the task is divided and shared by many computers.

I just know about freenet project now, There must be a rewards system that will make the system sustainable and practical. That were the coins come into play.

[Sukrim]

A single file is divided into small bits and encrypts them using the highest possible encryption available and distribute it on the network. Even if they cracked the encryption the data they will get holds no value.

This doesn't matter: If a piece of a bomb building instruction booklet is coming from your IP, you're the main suspect. The issue is that at some point the file will need to be decrypted and if you want to publish a file on the net, there is no way that you can control only people who are not working in law enforcement are allowed to download it...

Also please elaborate on how I can prove that I actually store + host 10 TB of data while having these 10 TB attached to a Raspberry Pi on a 56k modem.