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Author Topic: [ANN] • Point Network  (Read 337 times)
TimeTeller
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November 14, 2019, 11:26:20 PM
 #21

But now, my main concern is the stability of your network. What I'm saying here is, how can you assure users that you will be up and running all the time? What if one day, your site is down or nowhere to be found because the dev team got tired of this project and have no more motivation to push it? At least with google, we know that if they will be down, it will be more of minor glitches, and they will always come back no matter what.

Miners in Proof-of-Work are incentivized by block rewards and transaction fees not to leave the system. Stakers in Proof-of-Stake (which we prefer) are incentivized by the same, as long as there's demand. That's how the network stays up.

The code would be Open Source. If the developers, like you say, "get tired", or get served with a cease-and-desist by governments, we implore the community to take over, fork the code and pick up from where we stopped.

Similar to any other crypto project.



If anything goes wrong, you can't expect the community to take over.
It depends on circumstances and how things turned out to be.
If in case, those scenarios will happen in the future, developers "get tired", want to move on with their lives, or get served with a cease-and-desist or any other worst case scenario, what will happen to the accounts created on your network?
How can you assure that those storage providers will keep their word? What if they don't care anymore about their collateral. Because the data alone will give them huge returns.
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mandor
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November 15, 2019, 01:39:46 AM
 #22

I like your project idea, but why don't you show the project team? I hope in the future you will display it, as well as social media accounts and telegram channels for discussion
there are no clearer details of this project and without a team working behind it while there is no social media account for discussion with the team. although they have a good idea but that's is still has not shown success, we just wait whether this project will further develop in the future or not. I hope the OP can provide an update as soon as possible.

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Point Network
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November 15, 2019, 01:49:19 AM
Last edit: November 15, 2019, 01:03:11 PM by Point Network
 #23

I like your project idea, but why don't you show the project team? I hope in the future you will display it, as well as social media accounts and telegram channels for discussion
This is not a normal innocuous project like Cryptokitties. If the developers decide to come forward and accept the associated personal risks, they will, but otherwise, hopefully, the work will speak for itself, similar to how we don't have to have Satoshi's CV or know who they were in order to use the published protocol.

Yes, social media accounts and telegram channels are in our todo lists. We're just getting started.

If in case, those scenarios will happen in the future, developers "get tired", want to move on with their lives, or get served with a cease-and-desist or any other worst case scenario, what will happen to the accounts created on your network?
Nothing, this is the beauty of decentralized systems. If all Bitcoin developers suddenly abandon the project or disappear, what would happen to your bitcoin? Would the blocks stop getting mined? Would the system stop working? Only a centralized system would.

If anything goes wrong, you can't expect the community to take over. It depends on circumstances and how things turned out to be.
In the situation when all Bitcoin developers suddenly abandon the project, what would the community do? It would be a no-brainer to fork the repository and host it somewhere else. Once the decentralized system is out there, developers have very little power, only insomuch that the community gives them, assessing whether their interests are aligned.

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What if they don't care anymore about their collateral. Because the data alone will give them huge returns.
Cryptocurrency works in adversarial environments because of financial incentives. We employ the same game theory principles to ensure the collateral is enough that they continue to care about it. It will become clear from the formal protocol specification in the whitepaper.

• Point Network — Blockchain-Powered Decentralized Internet • Website: https://pointnetwork.io • BitcoinTalk ANN: https://pointnetwork.io/link/bitcointalk • Contact: info@pointnetwork.io
Point Network
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November 20, 2019, 04:46:31 PM
 #24

As promised, an update:

Prototype source code uploaded: https://github.com/pointnetwork

Demo #1: https://www.youtube.com/watch?v=5ElRI9wASVI

• Point Network — Blockchain-Powered Decentralized Internet • Website: https://pointnetwork.io • BitcoinTalk ANN: https://pointnetwork.io/link/bitcointalk • Contact: info@pointnetwork.io
Serge Uvarov
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December 08, 2019, 09:00:17 PM
 #25

Hey folks,

I just published the second prototype demo: https://www.youtube.com/watch?v=csaHZe_rw_k

Seriously, this showcases the capabilities of Point Network better than the litepaper, in 'a-picture-worth-a-thousand-words' way.

If you have any feedback, please send to serge@pointnetwork.io or share here, thanks!
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