[ANN] DTC Promo Thread - Information is Money, Datacoin Implements These Words!

[maxsolnc]

Datacoin - launched November 17, 2013

Official website:

http://datacoin.info

Algorithm: CPU only! No GPU smelter etc.
Max Coins: 2,000,000,000 DTC
Block Time: 60 Seconds
Block Reward: 10-50 (See below)
Premine: None

Pools
1st Pool: http://dtc.gpool.net/
2nd Pool: http://dtc.xpool.xram.co/

Datacoin FAQ

1. What is Datacoin?
Datacoin is both a reliable and decentralized data storage service and a currency to pay for this service.

2. Where my files are actually stored in Datacoin network?
Files are stored on local HDDs of all users participating in the Datacoin network. Each user has it's own full local copy of all Datacoin files.

3. Are my files encrypted in Datacoin?
No. You are responsible to encrypt your files before sending.

4. Is there any way to delete my data from Datacoin blockchain?
No. Once data goes into Datacoin blockchain there is no way to delete this data.

5. Why Datacoin doesn't handle file names and any other details about my files?
Datacoin daemon works with blobs only. This is because it must be a reliable software. Any additional metadata must be strictly verified and this code can lead to bugs. Bugs are bad. But no special rules are required for blobs except of size verification.

There is a upper level protocol (Datacoin envelope) that handles file name, files bigger than 128Kb, file updates and compression. You can follow Datacoin envelope development here: https://github.com/foo1inge/datacoin-browser

Datacoin envelope doesn't need any modification in Datacoin daemon and Qt wallet - JSON RPC connection is enough.
 
6. How much disk space does it take?
1Mb (max block size) * 60 minutes * 24 hours * 365 days = no more than 513Gb per 1 year

7. Is this storage free for storing data?
No. Currently fee is 0.05 DTC per 1Kb of data. This standard fee can be changed in future without hardfork.

8. Sender pays fee and who gets this fee?
All fee goes to miners i.e. fee is distributed between nodes supporting Datacoin network proportionally to their mining power.

Fee from fully loaded block is about 50DTC (block reward now is ~11DTC and it decreases).

9. Does the whole concept mean that it is tough to go for Android or IPhone client?
Mobile clients need light wallets in order to see balance and send transactions. Light wallet will interact to some web service instead of storing full blockchain locally.

10. People really need to store more than 513Gb of data per year in decentralized storage. Do you have any plans to increase storage space?
Datacoin is a root storage engine in the decentralized storage service. This storage is both reliable and expensive. I'm now working on concept of personal chains. Personal chains will start from root Datacoin blockchain and will be replicated to nodes by subscription (nodes can choose chains they subscribe to). Datacoin blockchain will handle only identification and some metadata for all personal chains.

Important notes:
- This (personal chains) is only on conceptual level now and will be clarified and prototyped in few months.
- This doesn't mean Datacoin hardfork. Personal chains will be constructed on top of Datacoin network.

11. What is current state of Datacoin project?
Datacoin network [reliable and expensive blob storage in blockchain] - up and running
Datacoin envelope [file storage in blockchain] - under development (Perl prototyping)
Personal chains [more data outside of blockchain] - on conceptual level

12. Who is working on Datacoin project?
oocook5u working alone at network for now. He didn't accepted yet anybody into development team but he plans to do this in the future in order to make process more sustainable. There is unofficial Datacoin team listed here: https://bitcointalk.org/index.php?topic=349937.0
This team doesn't work with Datacoin network directly, but developing tools, application for the platform, supporting and promoting Datacoin.

13. What about coins per year, actual block reward and total number of coins?
Coins number is limited to 2 billions. Anyway, current block reward is near 10 DTC per block, what is equal to ~5M Datacoin per year, and this block reward is getting lower when difficulty increaseas. So this limit can be reached only after hundreds of years.


Links:
Initial thread (updated after wallet updates): https://bitcointalk.org/index.php?topic=325735.0
Official site: http://datacoin.info
Temporary Forum: http://dtc.ryblog.com/
Block explorer: http://chainbrowser.com/
Applications inside the blockchain: https://bitcointalk.org/index.php?topic=405992.0
Pools: http://dtc.gpool.net/ , http://dtc.xpool.xram.co/ (second one is in testing just now)
Giveaway for sharing ideas: https://bitcointalk.org/index.php?topic=347482
Online wallet with 'store\get data' feature. Big files storage implemented!: https://krypte.net
Vote to add DTC to cruptorush! https://www.cryptorush.in/index.php?p=vote
Faucet: http://faucet.datacoin.info
Profit calculator: http://anty.info/datacoin-calculator/
Windows wallet: http://sourceforge.net/projects/datacoin/files/
Official Datacoin-hp: recommended for mining: https://github.com/foo1inge/datacoin-hp
Datacoin-hp12 wallet: http://github.com/g1g0/datacoin-hp
Unofficial miner: https://bitcointalk.org/index.php?topic=347296.40
Scripts for blockchain managing (only for developers): https://github.com/foo1inge/datacoin-browser
Linux Build instructions: http://datacoin.info/index.php?id=datacoind-build-instructions-linux
Addnodes: http://datacoin.info/addnodes
Current money supply: http://datacoin.info/supply
Store Your Files Forever Project: http://datacoin.info/index.php?id=donations
File Hosting project: https://bitcointalk.org/index.php?topic=355973
Exchanges: https://bter.com/trade/dtc_btc , https://www.coins-e.com/exchange/DTC_BTC/ , https://www.btc-8.com/?DTC_CNY , https://openex.pw/index.php?page=trade&market=19
Vote for us on Cryptsy: https://bitcointalk.org/index.php?topic=349239.0
Twitter: https://twitter.com/Datacoininfo
Reddit:http://www.reddit.com/r/CryptoMarkets/comments/1s7huh/thoughts_on_datacoin/
External miner: https://bitcointalk.org/index.php?topic=364205.msg3906618#msg3906618
First document uploaded to DTC blockchain: https://bitcointalk.org/index.php?topic=370922.0
Vote for 'coin of future': https://bitcointalk.org/index.php?topic=359521.0
Datacoin group on nobs.is : https://nobs.is/socialnetwork/mygroups/viewgroup/34-datacoin

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[maxsolnc]

Promo banner:


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Unified design:

[bidji29]

Really innovative coin for once.
It's not trying to do what hundred of altcoin are already doing.
It go in another direction and that's good.

[Sharky444]

Yes, there are about 100 coins based on bitcoin, but Datacoin is the first one that does something interesting instead of just wasting energy and creating a pyramid scheme.

[mstfck]

It is a new Datacoin get/send command helper!
http://krypte.net

I myself, will release a new file hosting (full management, list of files etc.), but it is of course not top priority.

On to other plans,
i am still trying to make a pool software, i am actually not very good with that stuff but i will try.
An online wallet and blockchain explorer will be released soon

[maxsolnc]

It is a new Datacoin get/send command helper!
http://krypte.net

I myself, will release a new file hosting (full management, list of files etc.), but it is of course not top priority.

On to other plans,
i am still trying to make a pool software, i am actually not very good with that stuff but i will try.
An online wallet and blockchain explorer will be released soon

Yes, krypte.net developer promised to create an announcement thread when he fixes some issues and adds some features to his project. Anyway, it's really great that different Datacoin tools are being released and created!

[maxsolnc]

Datacoin is featured on Cryptocoinnews!
http://www.cryptocoinsnews.com/2013/12/05/datacoin-reliable-censorship-free-data-storage-currency/

[Sharky444]

Although Datacoin (DTC) can be traded at bter.com, trade at cryptsy.com and other exchanges is necessary for wider adoption.

Please use these threads to vote for DTC:

CipherTrade:

https://bitcointalk.org/index.php?topic=353594.80

Cryptsy:

https://cryptsy.freshdesk.com/support/discussions/topics/41704
https://bitcointalk.org/index.php?topic=309704.200

[CheatBean]

Awesome post maxsolnc! Thank you for taking the time to outline it all.
I admire the level that you've stepped up to the DTC project.

[maxsolnc]

Awesome post maxsolnc! Thank you for taking the time to outline it all.
I admire the level that you've stepped up to the DTC project.

Thanks
I'll update OP with few more links soon.

[Sharky444]

Maybe add also some color to the text, to point out new sections/important things.

[maxsolnc]

Updated links and text, some small changes will come soon.

[maxsolnc]

Added twitter and reddit - follow us, comment, ask questions!
http://www.reddit.com/r/CryptoMarkets/comments/1s7huh/thoughts_on_datacoin/
https://twitter.com/Datacoininfo

[maxsolnc]

I'm working at Chinese version of the official site. It will be released less than in 24 hours, stay tuned!

[eiswuerfel]

A bad question, but what happens when someone uploads childporn to the chain?
Any Datacoin user will have CP on his Computer?

[maxsolnc]

A bad question, but what happens when someone uploads childporn to the chain?
Any Datacoin user will have CP on his Computer?

I answered this questions at least 10 times see here as example
https://bitcointalk.org/index.php?topic=325735.msg3620452#msg3620452

[Sparky_eMunie]

Why is there no mining pool for DTC?

[maxsolnc]

Why is there no mining pool for DTC?

DTC has XPM algo, all XPM mining pools (ypool and beeeer) don't release their sources. So we need to create pool from scratch - it's not so fast process. Remember first weeks of XPM - the same situation, there were no pools.

[Sparky_eMunie]

Have you talked to ypool to include DTC?

[maxsolnc]

Have you talked to ypool to include DTC?

Yes. Neither ypool nor beeeeer don't want to add DTC: ypool - for unknown reasons (jh00, its admin, just sait 'no'), and beeeer admin (xolokram) said that he has no time now for supporting one more coin.
But it's not a huge problem, we're working at that - not very quick, but moving in right direction.