I have to agree with Kebwesi although i really wish that tips price back to old time.
With some useful services I'm sure price can at least double.
Topic: [ANN] FedoraCoin (TiPS); New style, new services, same unique features - page 31. (Read 181070 times)
January 14, 2015, 10:23:01 AM
With some useful services I'm sure price can at least double.
January 14, 2015, 10:20:26 AM
I have to agree with Kebwesi although i really wish that tips price back to old time.
January 14, 2015, 08:41:19 AM
making remaining coins 1000x more valuable, I have nothing against.
Besides, coins are still being mined, and it would make it so much more profitable.
That's short term thinking, we looking to compete, and this looks like a very desperate move, if not an outright fishy move... Would Mercbay start off the project with the bitcoin blockchain? If they will, and it holds, we can then verify their authenticity. Otherwise, this more or less a predatory move.Besides, coins are still being mined, and it would make it so much more profitable.
Protip: if someone would want to really teach us a lesson, they would push huge amount of hashing power and derail whole blockchain, or
at least push it to astronomically high diff often enough to make us leave it.
at least push it to astronomically high diff often enough to make us leave it.
^ +1
January 14, 2015, 08:39:26 AM
If need be ftc has solutions to the diff issue and the XX% attack. ACP and eHRC.
ACP will be decentralised soon enough and eHRC got us through the fork from scrypt to neoscrypt.
ACP will be decentralised soon enough and eHRC got us through the fork from scrypt to neoscrypt.
January 14, 2015, 08:26:27 AM
they would just buy off the remaining coins and burn them
making remaining coins 1000x more valuable, I have nothing against.
Besides, coins are still being mined, and it would make it so much more profitable.
Protip: if someone would want to really teach us a lesson, they would push huge amount of hashing power and derail whole blockchain, or
at least push it to astronomically high diff often enough to make us leave it.
January 14, 2015, 07:21:41 AM
By law, if fedoracoin hosts the magnet links to illegal content, the fedoracoin blockchain would be "Aiding and abetting" the dissemination of the said illegal content. And if the "They" find it impossible to destroy the said blockchain, they would just buy off the remaining coins and burn them, wouldn't take a tenth the budget of a feature film to stymie it, thus block further/newer magnets from being posted. I'd repeat, the best solution to the torrent issue is a totally decentralized and distributed system. Either use the peer discovery system by bitmessage/openbazaar, or hop onto the maidsafe network. A blockchain is definately the last place you'd want to host links to illegal content, its a centralized entity, no matter the distribution, its still a single database.
January 14, 2015, 06:43:56 AM
http://mercbay.com/#faq
Quote
What is MercBay?
MercBay is a site, or as more join the revolution, a swarm of sites sharing the same database of information, utilizing "Blockchain-Link" which is an open source protocol for embedding data in the blockchain of CryptoCurrencies.
Why would you want to do that?
CryptoCurrencies like Bitcoin and Fedoracoin have a number of useful properties which Blockchain-Link exploits:
The blockchain is built on a peer-to-peer network which makes broadcasting of data far and wide easy to accomplish.
The blockchain is verified by all the participants in the network, meaning data embedded within it cannot become corrupted.
The blockchain is used as a record of account, so it already has existing utility, meaning it's less likely to be censored.
The act of embedding data in the blockchain via the Blockchain-Link protocol requires users to spend their coins, meaning there's a cost associated with publishing.
By building on these foundational properties, Blockchain-Link allows anyone to publish data in a way that is effectively anonymous, and will be very hard to censor, yet easy to find. The implementation on MercBay utilizing Fedoracoin as a cryptocurrency makes the process very inexpensive.
Does it destroy coins?
Yes. Every publish requires spending to addresses for which the private key isn't known. This causes further deflation of the currency, removing them from circulation ("burning"), making the existing coins more valuable.
But won't this bloat the blockchain?
While the blockchain will increase in size with every piece of data published, because the coins are being destroyed, they can never move again. This means they will never generate another transaction to increase the size of the blockchain. Any cost in size is paid once and never again, as opposed to when coins transfer ownership and will subsequently generate more transaction. If the blockchain was only used for this purpose, there would be an upper limit on the blockchain size, as opposed to the present assumption that it will grow forever. So while adding data to the blockchain will increase the size of it, it can't possibly increase it more than sending coins around.
Someone submitted a magnet link that torrents my intellectual property. Remove it, please.
That's... that's not a question.
Well?
Okay, close enough. MercBay merely makes magnet link information widely available. If you represent the legal interests of various IP holders, you can naturally still track who is sharing and distributing data the same way you always have to this point.
Okay, some jackass just uploaded something that is illegal in my country. What can you do about it?
Hope and pray that some poor idiot doesn't participate in the dissemination of the material in said country? Seriously, MercBay doesn't do anything to BitTorrent traffic as it is right now. All it is is a magnet link repository, there is no content of any sort hosted on this site. In addition? There is no content of any sort in the individual blockchains. So it's the same as it was a week before MercBay launched and beyond for many years prior: if you host, seed and torrent illegal, exploitative content, you will be caught, full stop. If you would like to help law enforcement in the investigation of such ne'er do wells, copy the magnet link itself and send it to a law enforcement branch of your choosing. So that they will be best prepared to go after anyone seeding/hosting the content, taking it away from them. Remember, if there are no seeds, it renders that magnet link useless. So do your part and then let the legal system take it from there.
MercBay is a site, or as more join the revolution, a swarm of sites sharing the same database of information, utilizing "Blockchain-Link" which is an open source protocol for embedding data in the blockchain of CryptoCurrencies.
Why would you want to do that?
CryptoCurrencies like Bitcoin and Fedoracoin have a number of useful properties which Blockchain-Link exploits:
The blockchain is built on a peer-to-peer network which makes broadcasting of data far and wide easy to accomplish.
The blockchain is verified by all the participants in the network, meaning data embedded within it cannot become corrupted.
The blockchain is used as a record of account, so it already has existing utility, meaning it's less likely to be censored.
The act of embedding data in the blockchain via the Blockchain-Link protocol requires users to spend their coins, meaning there's a cost associated with publishing.
By building on these foundational properties, Blockchain-Link allows anyone to publish data in a way that is effectively anonymous, and will be very hard to censor, yet easy to find. The implementation on MercBay utilizing Fedoracoin as a cryptocurrency makes the process very inexpensive.
Does it destroy coins?
Yes. Every publish requires spending to addresses for which the private key isn't known. This causes further deflation of the currency, removing them from circulation ("burning"), making the existing coins more valuable.
But won't this bloat the blockchain?
While the blockchain will increase in size with every piece of data published, because the coins are being destroyed, they can never move again. This means they will never generate another transaction to increase the size of the blockchain. Any cost in size is paid once and never again, as opposed to when coins transfer ownership and will subsequently generate more transaction. If the blockchain was only used for this purpose, there would be an upper limit on the blockchain size, as opposed to the present assumption that it will grow forever. So while adding data to the blockchain will increase the size of it, it can't possibly increase it more than sending coins around.
Someone submitted a magnet link that torrents my intellectual property. Remove it, please.
That's... that's not a question.
Well?
Okay, close enough. MercBay merely makes magnet link information widely available. If you represent the legal interests of various IP holders, you can naturally still track who is sharing and distributing data the same way you always have to this point.
Okay, some jackass just uploaded something that is illegal in my country. What can you do about it?
Hope and pray that some poor idiot doesn't participate in the dissemination of the material in said country? Seriously, MercBay doesn't do anything to BitTorrent traffic as it is right now. All it is is a magnet link repository, there is no content of any sort hosted on this site. In addition? There is no content of any sort in the individual blockchains. So it's the same as it was a week before MercBay launched and beyond for many years prior: if you host, seed and torrent illegal, exploitative content, you will be caught, full stop. If you would like to help law enforcement in the investigation of such ne'er do wells, copy the magnet link itself and send it to a law enforcement branch of your choosing. So that they will be best prepared to go after anyone seeding/hosting the content, taking it away from them. Remember, if there are no seeds, it renders that magnet link useless. So do your part and then let the legal system take it from there.
January 14, 2015, 05:24:42 AM
Hope and I are extending an offer to the TiPS community. BitHub would be perfect for Fedora and vice verca.
I plan on having bitcoin, feathercoin and ufocoin in at the start.
Fedora could simply serve as a tipping coin on the platform as opposed to having it's BC been used for magnet link embedding if the community feels it's a concern.
I plan on having bitcoin, feathercoin and ufocoin in at the start.
Fedora could simply serve as a tipping coin on the platform as opposed to having it's BC been used for magnet link embedding if the community feels it's a concern.
nice I think it's innovative, I wouldn't mind using the blockchain of tips either but since there are concerns it needs more discussion to make sure it will have positive consequences!
January 13, 2015, 11:06:10 PM
Hope and I are extending an offer to the TiPS community. BitHub would be perfect for Fedora and vice verca.
I plan on having bitcoin, feathercoin and ufocoin in at the start.
Fedora could simply serve as a tipping coin on the platform as opposed to having it's BC been used for magnet link embedding if the community feels it's a concern.
I plan on having bitcoin, feathercoin and ufocoin in at the start.
Fedora could simply serve as a tipping coin on the platform as opposed to having it's BC been used for magnet link embedding if the community feels it's a concern.
January 13, 2015, 10:52:46 PM
If there was a Tips 2.0, would it be possible to be more focused on the actual tipping part? I remember this was discussed 6-12 months ago cant remember, but a lot of people wanted the fedora/atheist references to be dropped in favor of a coin with a focus on tipping due to the ticker. Maybe a whole new redesign, where the coin could be used for tipping youtube, twitch, twitter, fb and other social medias?
January 13, 2015, 03:05:34 PM
just awesome stuff I wished to repost 
Also talk of TiPS 2.0 seems to be trending again, let's finally do that!
(if it's of help you can use the gdrive to organize the process ie layout etc)
I believe the primary concerns here are:
i) Stability
Fedoracoin should be resilient against all the common and known issues surrounding the bitcoin technology, we may not lead the way, but we should be innovative enough to carve a lucrative niche. For Instance, the blocks should have a stable and reliable timetable, the faster -the better, whether we go POS, POW, POI or a hybrid of all those, the endgame is to provide a consistent user experience.
ii) Development
I am working towards putting together a competent team. The team is in place, the competence is being worked on as we speak. We are noobs to say the least, but we have the heart for it, the willingness to learn and the humility to be corrected whenever we err. We would also be willing to partner and learn from whomever is able to advance our common interests. Who is the lead developer? None, we play as a team. In that spirit, we humbly request Invisibel, icanprogram, MystPhysX and all the great guys that lead in the past to allow us work with them in advancing this coin to the benefit of all.
We will not need payment for our services, since the coin is rather cheap as is, and thus we come in as investors.
BTW: Fedoracoin is #42 at https://www.coingecko.com/en/coins/fedoracoin... we got potential!
i) Stability
Fedoracoin should be resilient against all the common and known issues surrounding the bitcoin technology, we may not lead the way, but we should be innovative enough to carve a lucrative niche. For Instance, the blocks should have a stable and reliable timetable, the faster -the better, whether we go POS, POW, POI or a hybrid of all those, the endgame is to provide a consistent user experience.
ii) Development
I am working towards putting together a competent team. The team is in place, the competence is being worked on as we speak. We are noobs to say the least, but we have the heart for it, the willingness to learn and the humility to be corrected whenever we err. We would also be willing to partner and learn from whomever is able to advance our common interests. Who is the lead developer? None, we play as a team. In that spirit, we humbly request Invisibel, icanprogram, MystPhysX and all the great guys that lead in the past to allow us work with them in advancing this coin to the benefit of all.
We will not need payment for our services, since the coin is rather cheap as is, and thus we come in as investors.
BTW: Fedoracoin is #42 at https://www.coingecko.com/en/coins/fedoracoin... we got potential!
Also talk of TiPS 2.0 seems to be trending again, let's finally do that!
(if it's of help you can use the gdrive to organize the process ie layout etc)
January 13, 2015, 01:49:23 PM
Who is "They"? The assumption is that this space is composed of everyone else apart from "Them"? That truly is the worst angle to tackle the issue at hand. An assumption that could turn very costly.
What, law enforcement, corporations issuing DMCA notices? People running nodes aren't going to be getting those things, I am. Anyone with a site up will.
And I'll continually reinforce that there is no content on the site. No content even, in the blockchain.
They'll have to go about stopping it the same way they do now: and that's sit and watch the trackers that a magnet link links to and follow those IPs in order to do their enforcement.
Quote
Clearly, your plans for this blockchain run contrary to the plans we have for the same. But since all we have is experimental software, you could do this your way, or let the community have its say. As for us, we are totally against the "pirating" of fedoracoin.
'k.
I haven't formed an opinion about this since I'm not clear on the consequences, but at least this seems to be of importance that the community should discuss it further and have consensus about it if there is a possibility it could compromise the entire enterprise
. to me it sounds like a really cool thing but Kebwesi makes valid points I think. I hope you can discuss it rationally and come to a conclusion, I think it shouldn't be hard to have clear conclusions on the points made and weigh the pros against the cons? we are one community guys and our strength is only in working together as a team!edit: is the MercBay project in coordination with calem's BitHub or was that a coincidence?
January 12, 2015, 06:20:37 PM
Also, Mercbay etc would be a temporary measure.. This is what BitHub is for.
Ultimately though, nearly anycoin is compatible to host magnet links.. "Link" Is coin agnostic.
Don't think Fed is been targeted or favored. None of us are special.
Ultimately though, nearly anycoin is compatible to host magnet links.. "Link" Is coin agnostic.
Don't think Fed is been targeted or favored. None of us are special.
January 12, 2015, 06:19:31 PM
The platform will be a marrying of the torrents network and crypto currency networks, so content creators can distribute their work and connect with their fanbase with no middlemen..
Picture an advanced GUI for torrent publishing, searching and downloading. You can also find "Hubs" for original content creators of games, music, software, movies, novels, animation, blogs, vlogs, reviews and funny cat photo's.
Data is stored on the torrents network and indexed within the blockchain of any crypto currency via the embedding of metadata.
Users will have the option to create their own "hub" which showcases content they have uploaded. Hubs can visually take on any form and is how content creators connect with their followers.
The code, images and text that make up the content creators' hub is stored locally on the computer but also optionally, supporters can download the hub to help seed it across the network. Once a hub is well seeded enough, streaming capabilities may be possible.
Intergrated into BitHub, will be an advanced tipping platform. As with indexing, tipping is coin agnostic. Content creators can choose to auto tip those who seed their content. Many options will be available for both creators and consumers to show support for each others time and bandwidth.
As mentioned, BitHub will be coin agnostic. This will allow the integration of any wallet already stored on the computer to give the user full functionality within the BitHub GUI.
BitHub will be a full stack solution for free open source p2p technologies. For example, the likes of Bitmessage and ultimately OpenBazaar will be integrated along with any new novel tool that may arise...
Picture an advanced GUI for torrent publishing, searching and downloading. You can also find "Hubs" for original content creators of games, music, software, movies, novels, animation, blogs, vlogs, reviews and funny cat photo's.
Data is stored on the torrents network and indexed within the blockchain of any crypto currency via the embedding of metadata.
Users will have the option to create their own "hub" which showcases content they have uploaded. Hubs can visually take on any form and is how content creators connect with their followers.
The code, images and text that make up the content creators' hub is stored locally on the computer but also optionally, supporters can download the hub to help seed it across the network. Once a hub is well seeded enough, streaming capabilities may be possible.
Intergrated into BitHub, will be an advanced tipping platform. As with indexing, tipping is coin agnostic. Content creators can choose to auto tip those who seed their content. Many options will be available for both creators and consumers to show support for each others time and bandwidth.
As mentioned, BitHub will be coin agnostic. This will allow the integration of any wallet already stored on the computer to give the user full functionality within the BitHub GUI.
BitHub will be a full stack solution for free open source p2p technologies. For example, the likes of Bitmessage and ultimately OpenBazaar will be integrated along with any new novel tool that may arise...
January 12, 2015, 06:18:11 PM
Did anyone stop and think that, for the first time, we have an opportunity to legitimise the torrents network?
Everyone keeps saying "oh but this is just to make it easier for pirates"..
I present.
"BiTHuB" Or BitHub whichever you think is the least already taken name..
Everyone keeps saying "oh but this is just to make it easier for pirates"..
I present.
"BiTHuB" Or BitHub whichever you think is the least already taken name..
January 12, 2015, 03:04:59 PM
Who is "They"? The assumption is that this space is composed of everyone else apart from "Them"? That truly is the worst angle to tackle the issue at hand. An assumption that could turn very costly.
What, law enforcement, corporations issuing DMCA notices? People running nodes aren't going to be getting those things, I am. Anyone with a site up will.
And I'll continually reinforce that there is no content on the site. No content even, in the blockchain.
They'll have to go about stopping it the same way they do now: and that's sit and watch the trackers that a magnet link links to and follow those IPs in order to do their enforcement.
Quote
Clearly, your plans for this blockchain run contrary to the plans we have for the same. But since all we have is experimental software, you could do this your way, or let the community have its say. As for us, we are totally against the "pirating" of fedoracoin.
'k.
January 12, 2015, 01:34:40 PM
Quote
An absurdity that'll bring about real change in the concept of what constitutes a crime or intent in regards to data.
They'll come after the site first to ask questions. It's how they're trained.
They'll come after the site first to ask questions. It's how they're trained.
Who is "They"? The assumption is that this space is composed of everyone else apart from "Them"? That truly is the worst angle to tackle the issue at hand. An assumption that could turn very costly.
Clearly, your plans for this blockchain run contrary to the plans we have for the same. But since all we have is experimental software, you could do this your way, or let the community have its say. As for us, we are totally against the "pirating" of fedoracoin.
January 12, 2015, 01:02:57 PM
Unlike Bitcoin, and if thepiratebay is anything to go by, a blockchain hosting links to torrent files will definitely be a target, it may even be the first "blockchain arrest". Node's have specific IP addresses that can be tracked and brought down.
An absurdity that'll bring about real change in the concept of what constitutes a crime or intent in regards to data.
They'll come after the site first to ask questions. It's how they're trained.
Quote
A userspace solution is needed in such a situation, if the bitmessage system does not quite cut it, why not then use the openbazaar system?
OpenBazaar system wouldn't address the issue you're talking about with node seizures. They've pretty much said the only chance at anonymity would be running it through Tor, something we can already do with Fedoracoin nodes.
Quote
Meanwhile, what happened to Leadcoin? Why didn't it take off?
It was meant to be a crypto ammo/currency for building a first person shooter but without that utility, and the team regularly meeting to actually build said game, use I didn't feel the need in actually making the coin, I didn't want to be part of the problem of putting more quick to abandon alts out there, so I never followed through on making it a thing. Then some one else apparently took the name (under "lead-coin" on github) so I just shrugged off and just use it as my git to track projects that catch my eye.
January 12, 2015, 11:09:41 AM
Unlike Bitcoin, and if thepiratebay is anything to go by, a blockchain hosting links to torrent files will definitely be a target, it may even be the first "blockchain arrest". Node's have specific IP addresses that can be tracked and brought down. A userspace solution is needed in such a situation, if the bitmessage system does not quite cut it, why not then use the openbazaar system?
Meanwhile, what happened to Leadcoin? Why didn't it take off?
Meanwhile, what happened to Leadcoin? Why didn't it take off?
January 12, 2015, 02:31:06 AM
"There's no bloat because of the burn cost."
Please explain the entire plan/proposal so that we can contribute fully.
Please explain the entire plan/proposal so that we can contribute fully.
A white paper on it might get it across better:
https://github.com/leadcoin/Link/blob/master/README.md
Point is, after the payment is made, the coins are distributed into addresses that no one has the private key to, and those coins cannot be moved further and generate further transaction data, growing the blockchain. They're stagnant, the data having been generated providing the utility rather than further coin use being the utility.
The long game of this is that it pulls coins out of circulation, and if less are floating around, their individual value could increase, with that increase could mean less coins moved per transaction as their value for the previous equivalent that someone would've paid for something or tipped something, and with less movement that, too, means less or more efficient tx data is generated. But that's not even an "aha!" thought for a couple more years yet.
Quote
While the blockchain may be distributed, its still a single entity. One way to attack it would be to bloat it, thus reduce the number of players willing to store the entire block, then take them out. What torrents need is a totally decentralized solution, no single point of failure.
Well, considering Bitcoin hasn't even suffered this fate yet, even with all it's trouble of fewer people running full nodes (but still plenty of them running occasionally while, say, just checking the balances of their Qt wallet) and the centralization worries of mining, they're still considered decentralized and not susceptible to bad actors. I'm not yet worried.I AM worried about any sort of 51% attack that may come about from renewed attention, but that very well could've came at any moment up until now anyway.
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