knightcoin (OP)
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Activity: 238
Merit: 100
Stand on the shoulders of giants
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June 10, 2014, 09:03:33 AM |
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Sounds a nice concept ... Proof-of-Bandwidth Altcoins for Compensating Relays Abstract. The Tor network relies on volunteer relay operators for relay bandwidth, which may limit its growth and scaling potential. Wepropose an incentive scheme for Tor relying on two novel concepts. We introduce TorCoin, an \altcoin" that uses the Bitcoin protocol to reward relays for contributing bandwidth. Relays \mine" TorCoins, then sell them for cash on any existing altcoin exchange. To verify that a given TorCoin represents actual bandwidth transferred, we introduce TorPath, a decentralized protocol for forming Tor circuits such that each circuit is privately-addressable but publicly veri able. Each circuit's participants may then collectively mine a limited number of TorCoins, in proportion to the end-to-end transmission goodput they measure on that circuit. http://dedis.cs.yale.edu/dissent/papers/hotpets14-torpath.pdf... your thoughts  |
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knightcoin (OP)
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Activity: 238
Merit: 100
Stand on the shoulders of giants
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June 10, 2014, 09:06:47 AM |
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sorry my mistake, I should post it on altcoins subforum
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Justin00
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Activity: 910
Merit: 1000
★YoBit.Net★ 350+ Coins Exchange & Dice
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June 10, 2014, 09:25:53 AM |
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You had me at Torcoin. sounds like a good idea. And I rekon very popular, even if its just a clone but called Torcoin lol. hope to see this in prod soon  probably should delete thread, some degenerate will probs steal the idea to be honest  |
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fryarminer
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June 10, 2014, 09:32:04 AM |
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This is awesome!! Will it be SHA? Or Script or neither? So hashing power doesn't make any difference?
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erono
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June 10, 2014, 10:30:47 AM |
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Bitcoins you pay are shared among nodes you use. Nodes trust each other to a certain degree.
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herzmeister
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Activity: 1764
Merit: 1007
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June 10, 2014, 10:35:48 AM |
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MaidSafe also will have some proof-of-resource coin.
Still not convinced such an approach can be 100% secure.
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justusranvier
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Activity: 1400
Merit: 1009
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June 10, 2014, 10:50:24 AM |
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Sounds a nice concept ... Proof-of-Bandwidth Altcoins for Compensating Relays Abstract. The Tor network relies on volunteer relay operators for relay bandwidth, which may limit its growth and scaling potential. Wepropose an incentive scheme for Tor relying on two novel concepts. We introduce TorCoin, an \altcoin" that uses the Bitcoin protocol to reward relays for contributing bandwidth. Relays \mine" TorCoins, then sell them for cash on any existing altcoin exchange. To verify that a given TorCoin represents actual bandwidth transferred, we introduce TorPath, a decentralized protocol for forming Tor circuits such that each circuit is privately-addressable but publicly veri able. Each circuit's participants may then collectively mine a limited number of TorCoins, in proportion to the end-to-end transmission goodput they measure on that circuit. http://dedis.cs.yale.edu/dissent/papers/hotpets14-torpath.pdf... your thoughts Like all appcoins, their application would be better off by just using Bitcoin directly. |
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cookiemonster7
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Activity: 107
Merit: 10
Cookie...Cookie.
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June 10, 2014, 11:01:06 AM |
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I think this is exactly what the Tor Network needs, a lot more nodes run by people interested in just making some coin instead of who knows what most node operators have as motivations. Tor would become rather fast if this was undertaken. I really hope this takes off, I will be right behind it.
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- “Genius is fine for the ignition spark, but to get there someone has to see that the radiator doesn't leak and no tire is flat.”
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chanz
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June 10, 2014, 12:01:14 PM |
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Torcoin & Torrentcoin, I heard these two names in the forums and already up for it. Bring it on!!
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My BTC address : 1KfS1c14Tg2hgQEVz2bCJeFox6FpyYFvM6
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MisO69
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Activity: 1946
Merit: 1005
My mule don't like people laughing
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June 10, 2014, 12:31:57 PM |
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Great idea, if I knew what I was doing I would have started coding this a while ago. Along with my other great idea, a decentralized replacement for this forum.
Too bad I'm just a lowly network admin and not a superstar developer.
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pabloangello
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Activity: 1344
Merit: 1001
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June 11, 2014, 10:01:23 AM |
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Any info about launch of this coin?
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cryptnutter
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Activity: 70
Merit: 10
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June 11, 2014, 10:32:37 AM |
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It doesn't sound like users of TOR will have to pay to use the network so I am wondering where will the value of the coin come from?
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JohnD
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June 14, 2014, 11:20:56 AM |
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It doesn't sound like users of TOR will have to pay to use the network so I am wondering where will the value of the coin come from?
Strange Question. Where does the value of bitcoin come from? |
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validium
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Activity: 350
Merit: 250
Decentralized thinking
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June 14, 2014, 02:00:53 PM |
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It doesn't sound like users of TOR will have to pay to use the network so I am wondering where will the value of the coin come from?
The users of the coin will give it value just like any currency. But am waiting to see how it will be implemented |
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neptop
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June 22, 2014, 09:06:20 AM |
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Is anyone working on implementing this?
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BitCoin address: 1E25UJEbifEejpYh117APmjYSXdLiJUCAZ
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LiteCoinGuy
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Activity: 1148
Merit: 1011
In Satoshi I Trust
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June 22, 2014, 12:11:19 PM |
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pabloangello
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Activity: 1344
Merit: 1001
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June 27, 2014, 08:25:07 PM |
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Any news here? How is the progress?
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C64_4EVA
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Activity: 68
Merit: 10
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June 27, 2014, 09:02:45 PM |
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It doesn't sound like users of TOR will have to pay to use the network so I am wondering where will the value of the coin come from?
The users of the coin will give it value just like any currency. But am waiting to see how it will be implemented But what will it be used for? If the TOR network remains free, meaning you don't need to use TORcoins to access it, then why would you buy them? It makes sense if you needed to use TORcoins to access the network and then the fees go to those running nodes. Personally I feel that if TORcoins bring about a lot more nodes and hence much faster network speeds then it would be worth paying a small fee to access the TOR network. |
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cookiemonster7
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Activity: 107
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Cookie...Cookie.
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June 27, 2014, 10:07:07 PM |
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It is kind of like some of the coins which pay people in coin to run humanitarian projects such as BOINC or F@H. People will be able to run TOR nodes and make some coin to cover costs and invest in the speed of TOR, hopefully this works out because it could take TOR to the mainstream just because of a large speed increase.
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- “Genius is fine for the ignition spark, but to get there someone has to see that the radiator doesn't leak and no tire is flat.”
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trader19
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Activity: 1232
Merit: 1001
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August 09, 2014, 07:57:18 PM |
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It is kind of like some of the coins which pay people in coin to run humanitarian projects such as BOINC or F@H. People will be able to run TOR nodes and make some coin to cover costs and invest in the speed of TOR, hopefully this works out because it could take TOR to the mainstream just because of a large speed increase.
there is already TorCoin released and just waiting for smart devs to takeover the project. check it: https://bitcointalk.org/index.php?topic=677434.0 |
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