[ANN+IPO]Storagecoin-A Nxt Parallel chain Based Proof-of-Storage Cryptocurrency

[RoyBtc]

HI  ,I send 0.09BTC to you ,but how can i get stc

[johnsans]

take a look at visacoin , poscoin , edgecoin ......that's terrible.......

no escrow , no ipo ,that's a rule .......

[seek4dream]

Just like most ppl here, I am very interested in this coin.
Once the dev proves he know what he is doing, a lot more investment will be raised.

[PaulWang]

Nxt Parallel Chain is a concept, not in production yet. How do you make sure that Nxt Parallel Chain will be implemented?

[Storagecoin]

Nxt Parallel Chain is a concept, not in production yet. How do you make sure that Nxt Parallel Chain will be implemented?

Nxt Parallel Chain is being implemented by Nxt lead team.

[Storagecoin]

HI  ,I send 0.09BTC to you ,but how can i get stc

Received ,you are on IPO list.
After STC released,all STC will be distributed to all investors proportionally.

[Storagecoin]

Nowadays, even some scammers do escrows.

Right,even with escrow,STC still may be "scam".

All you should learn to invest by yourself rather than depending on escrow or something other.

Another,IPO is just a method of distribution .

[Storagecoin]

Maybe, you can outline the following issues:

1) What is the purpose of the blockchain tree?

2) What is the root supposed to be?

3) Why focusing on the hosts for providing storage?

+1, would like to hear from Dev on this one.

1)distributed storage,eliminate waiting time for updated data and search.
2)master chain/parent node.
3)here,host=Acc/node.

Maybe, I expressed myself not well enough. Let me clarify.

1) I see, that trees could help here. Why exactly this type of tree? There are many other types of tree(-like) structure?

2.0) Node = Blockchain?
2.1) So, StorageCoin will not only use 1 parallel Nxt blockchain but many?
2.2) Each child node needs to implement the master/slave protocol?
2.3) How deep will that tree structure supposed to be? Will is build up dynamically?

3) Err, wait. Account != Node. Node = physical device; Account = virtual entity. What is a host? I cannot be both.

1)it's just a choice.
2.0) No.
2.1)many.
2.2)Yes.
2.3)depending on the storage volume dynamically.
3)"forging" account=node.

[Storagecoin]

2) Also, what is the advantage of this over Proof of Stake?  Does this still have the same 51% attack problem that POW does, except using storage space?  Seems to me like Proof of Stake might be more secure..

With Nxt transparent forge implemented,no 51%.

3) And again, will your share of the proof of storage be based upon the number of bytes you are storing or the number of bytes you can store?  Seems to me like the Reed-Solomon coding method can only detect how much storage is being used, not how much you are providing.. right?

Based on the number of bytes you are storing.

[Storagecoin]

If this project is real you'll probably want to speak with someone from Nxt core team: Cfb, Jean-Luk etc.

We are waiting for parallel chain from Nxt team,and we also implement parallel chain by ourselves.
Either first come will be implemented.

[Coloniser]

I read a bit about Nxt and your project and it looks promising, but I'm fairly new to this stuff and everybody just won't shut up about scammers so I'm kinda hesitating weather invest ot not. Are you sure you don't want to use an escrow?

[shanjun]

take a look at visacoin , poscoin , edgecoin ......that's terrible.......

no escrow , no ipo ,that's a rule .......

[Tobo]

We are waiting for parallel chain from Nxt team,and we also implement parallel chain by ourselves.
Either first come will be implemented.

What did you mean "By ourselves"? Does it mean you are creating a Nxt clone to implement your parallel chain or you will add your chains to Nxt without nxt's help like Mastercoin to Bitcoin?

[Storagecoin]

take a look at visacoin , poscoin , edgecoin ......that's terrible.......

no escrow , no ipo ,that's a rule .......

All these you mentioned used escrow,isn't it?

[Storagecoin]

We are waiting for parallel chain from Nxt team,and we also implement parallel chain by ourselves.
Either first come will be implemented.

What did you mean "By ourselves"? Does it mean you are creating a Nxt clone to implement your parallel chain or you will add your chains to Nxt without nxt's help like Mastercoin to Bitcoin?

Either first come will be implemented.

[crunchynut]

SCAM ALERT!

DO NOT SEND BTC!

SCAM SCAM SCAM

would you retire with a few 10k usd after seeing how easy it is to pull off a scam here?

[johnsans]

take a look at visacoin , poscoin , edgecoin ......that's terrible.......

no escrow , no ipo ,that's a rule .......

All these you mentioned used escrow,isn't it?

visacoin and poscoin , no escrow ,so all investor lost the btc
edgecoin used escrow , but most of guys invest directly ,all of them lost their money ,but some investor used escrow get theirs money back

so if no escrow , dangers close

[PaulWang]

Hi storagecoin,

I am curious, can you say whether or not the IPO will close before or after parallel chains are implemented? As an investor, I would like to make an informed decision (ie. how parallel chains will really work) rather than speculating.

Thanks,
Pandaisftw

IPO will be closed before Parallel Chain implemented.

Do you have an ETA for the implementation of Parallel Chain?

[Sarkan]

Well, he stated pretty clear that ho won't use an escrow, so 99% that it's a scam, 1% that it's not. So here's a math. I might want to risk 1/100 of my wealth. I've got a couple of btc, so I'll probably invest 0.02 btc for this 1%. I guess that's how it works. You lose 99 times of 100 but that 100th makes you rich.

[jztxeno]

Did you create Stackcoin & Edgecoin aswell? FUCK OFF DUDE EVERYONE WHO IS INVESTING DESERVES TO BE SCAMMED WTF