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Author Topic: [IDEA] Responsive cloud computing infrastructure / App hosting marketplace  (Read 524 times)
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August 01, 2012, 10:57:29 AM

Forgive me if this idea has been discussed before!

The rough idea is to create a P2P overlay network to help establish an `Application/VM hosting marketplace`.

  • Anyone with spare storage/bandwidth/cpu cycles can become a host and earn bitcoin by entering into a time limited hosting contract with a customer.
  • Host publishes his price “I run virtual machines @5BTC per day on my kickass infrastructure” and his capabilities “Xeon 2.4 GHz 8gig ram with gigabit connection”

  • A customer wants his virtual machine to execute on a powerful server in some data centre, so he will upload his encrypted application package(or virtual machine) onto the P2P data store.
  • He then will browse the marketplace to find a host with decent reputation and price, and enter into a contract with him, paying in BTC (perhaps via some escrow) and giving decryption keys

[Benefits to customer]

  • Responsiveness. Contracts can be established in seconds and automated
    • If we are being DDOS’d (or sudden growth in demand) – quickly set up contracts with other hosts (and probably decide not to renew existing failing ones)
  • Diversity of infrastructure – no single point of failure
  • Censorship resistant. If one host is censored, simply start a contract with new host
  • Encourage new ways of financing infrastructure costs
    • The marketplace could allow for crowd-funding popular, but not-for-profit applications.
    • E.g. The running of Tor exit nodes could be incentivised in this way
  • Competition amongst hosting providers can help reduce costs and increase quality.
    • Reputation system for hosts can include quantitative performance metrics such as uptime, average response time, etc

[Benefits to hosts]

  • Barrier to entry is pretty much zero, anyone with bandwidth & cpu cycles to spare can become a host
    • Just run an open source P2P client on your machine and start accepting contracts to earn BTC
  • Reputation system for customers can help foster better business relationships
  • All the benefits of taking payments in BTC vs traditional means
  • They can quickly and easily terminate their relationship with client by stopping their application
    • In case of breach of terms/illegal activity etc
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