Topic: [ANN] • Point Network (Read 431 times)

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 [email protected] or share here, thanks!

As promised, an update:

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

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

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.

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.

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.

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.

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.

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.

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

Good,
Thank u for the answer 

No, just that message We wanted to take the second message space before the 'Klingon translation reserved' spammers would. Now that we did that from the main account, that one's no longer needed.

What's this? U r going to delete this thread in 24h?

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.


Not really: https://time.com/4004192/google-data-lightning-belgium/ (from a quick search just now, there have probably been some more recent incidents)

Hopefully, they do some more redundancy now for everyone's data, but they still retain total control over it. In Point Network, your data is copied onto N storage providers throughout the world, where N = your preferred level of redundancy. The storage providers are incentivized not to lose it, because they would have lost the collateral locked up in the smart contract.

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.

Actually, just to make it clear, we do not charge anything.

We're going to create an automated market for decentralized cloud providers (storage providers) and the customers. You could easily be a storage provider too if you want, and they'll pay you. Since storage providers would compete for the clients, the market forces of supply and demand would determine the prices, which would stay competitive.

Our operations are to be supported by sources standard to most cryptocurrencies - donations and the issuance of a utility token, certainly not by providing centralized cloud services, as it would defeat the whole purpose.

On the main topic though, I assume you're still paying for your internet access to your internet provider? If you remember, at first we also used to pay them per kilobyte, then per megabyte, and now we have fixed cost plans. We expect some big storage providers to absorb risk the same way and offer similar plans in the future. It's a free market.


Indeed. Please also remember that "If you're not paying for a product, you are the product" (c)

seems that you have a lot to offer here especially for those internet junkies.
but hopefully the fees attached to your services should not be of hindrance later on in expanding your network.
because most people will stay away if they heard or learn or read that you are charging them for a fee for a certain service, even if its really cheap in exchange of their peace of mind. everyone wants free services. remember that!
 only those few who are  in vain with their security, or afraid that someone is watching them or has illicit activities to hide will surely pay for something to these services.
you should think of that way so you know how to entice regular users to use your services...

Boring technical details of the protocol specification.

Thanks aleix and CjMapope! We'll do our best.

2CjMapope: yes, it's more than IPFS.

---

They seem to be focused solely on IoT (internet of things). Which is fine. Other projects are focused on decentralized finance, others on decentralized exchanges, collectibles, games and so on.

Point Network is a lower-level protocol that would be able to provide a unified infrastructure for all such projects, should they wish to use it.

Think TCP/IP and HTTP, which enabled all kinds of normal websites and web 2.0 applications to exist on top of it.

I've seen a similar project https://wr.io/, it is aiming as well for web 3.0, I can't really tell that much if you're in the same direction we will let see more. But seeing their development I don't know where does their project really headed to as they are silent this year. So, if you can view their project what are your advantage/s over them?

I'll keep on view with the development of this project, hope to see more features and getting excited to see the prototype demo so soon.

This seems really interesting, gonna read the litepaper today
i already have an idea of how people COULD do this, as the idea has been floating in the space for years
will be interesting to read your paper and see what you guys have come up with.  If i had to guess its some form of the age old IPFS
well see tho.   Good Luck as you move forward! One to watch right here for sure

Your litepaper is already long. What are we going to expect on your whitepaper? Are there some features that you haven't tackled on your litepaper? Since you are already doing a tedious job just by creating your litepaper, why is it that you prefer to be anonymous?
Being online for most of the day, I am curious what would be the advantage of your network as compared to what google is already offering to the public?

ok, sure. I'll wait to read the whitepaper and see the demo.

You are ambitious and that's good 

Not Ethereum. Ethereum code.

Instead of reinventing the wheel, we plan to make good use of existing Ethereum code base, which supports smart contracts, has web3 tools such as truffle, known security parameters/libraries/best practices, extensive network of developers etc. And given that it's not based on the Ethereum chain, it will allow us to test and implement innovative ideas on top of that code.

Exactly what Aragon did, as they describe in the article you linked.

that was a nice idea until I read:

"That’s why we have chosen to build on top of Ethereum code"

Game over for me. You cannot build a serious project on top of Ethereum, sorry. That's a fact IMO.

example:

https://blog.aragon.one/aragon-chain

Glad you liked it masulum!


Thanks, can't say we were the first to come up with this specific idea though. Gotta credit Adam Back's hashcash paper for spam mitigation (http://www.hashcash.org/hashcash.pdf) and Earn.com (https://earn.com/blockchain-personalities/) for the part about public figures.

Our goal is to gather the best ideas in the space and infuse them into one solid platform.

If it was interesting to you so far, make sure to read the whole thing, decentralized end-to-end encrypted email is just one of the features.


All in due time, we're just getting started. Many more things are to be announced in the coming weeks, stay tuned!

Look like your project has many service that's very unique, I read about email service, in your email service need some money to attach file to prevent spam and user need additional money in his account to message public figure, this is really good solution. Your project goal very promising, but i need to know, do you have any plan to open your team identity?

Reserved for future announcements

Reserved for future announcements

Point Network



Blockchain-Powered Decentralized Internet

Point Network aspires to do for cryptocurrency space what Apple did for personal computing devices.

Tor, Bittorrent, Bitcoin, Ethereum - all these projects were stepping stones on the way to the Holy Grail — decentralized internet, also known as web 3.0. Open for everyone, censorship-resistant, permissionless, privacy-oriented internet with programmable money known as cryptocurrency as its built-in payment system.

Point Network is a proposed implementation of this vision. In addition to the set of protocols serving as its foundation, it aims to provide a harmonious ecosystem for decentralized applications (dApps) and a consistent and straight-forward User Interface experience to expedite global adoption.

Website: https://pointnetwork.io/
Litepaper: https://pointnetwork.io/docs/litepaper
Whitepaper: TBA
Source Code: https://github.com/pointnetwork
Prototype Demo #1: https://www.youtube.com/watch?v=5ElRI9wASVI
Contact Us: [email protected]

---

Hello world!

We are not yet announcing any ICO, airdrop or token sale, this thread is purely to inform the community of this new project and to keep the ball rolling.

Please let us know what you think of it, we read all your feedback and it is much appreciated.

Thanks!