[ANN][Datacoin] Datacoin blockchain start announcement (Minor code upd + logo) - page 55.

maxsolnc

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Quote from: PGPpfKkx on December 25, 2013, 01:26:31 PM

if i have the file on my pc, i dont need datacoin to store it.

i mean about permanent storage without any responsibility from me, thats why i would pay in the first place.

All storage (and more - all electronic or financial) systems can be asked this question. What if Dropbox closes suddenly, and all your files stored in paid storage will no still been stored there? What if your bank becomes bankrupt? Really, how can you get _real_ guarantees from anyone in the Internet? If you write down all your data, put it into sealed chest and bury it... maybe you'll get your data in safe place (but what happens in case of earthquake?)

K1773R

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Quote from: PGPpfKkx on December 25, 2013, 01:26:31 PM

if i have the file on my pc, i dont need datacoin to store it.

i mean about permanent storage without any responsibility from me, thats why i would pay in the first place.

can you think of something which makes everyone drop datacoin? if not, this wont happen. the more leave this coin, the easier to mine which attracts new ppls

PGPpfKkx

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if i have the file on my pc, i dont need datacoin to store it.

i mean about permanent storage without any responsibility from me, thats why i would pay in the first place.

GreekBitcoin

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Quote from: PGPpfKkx on December 25, 2013, 01:07:18 PM

what will happen to the data if the coin is not successful but people have paid for their data to be in the cloud "forever"?

how can this coin provide some kind of guarantee that what is uploaded is not going to be deleted after n years?

as soon as the interested party keeps the blockchain he already has it stored in his PC.

PGPpfKkx

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what will happen to the data if the coin is not successful but people have paid for their data to be in the cloud "forever"?

how can this coin provide some kind of guarantee that what is uploaded is not going to be deleted after n years?

K1773R

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still looking for a trade @ forum

GreekBitcoin

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Quote from: sfireman on December 25, 2013, 08:43:26 AM

Meanwhile DTC/BTC is rapidly going down, hit 0.00066, from 0.001 a few weeks ago.
More miners -> less price, while stupid useless DOGE are on tons of exhanges and grows like crazy...
lol

bter volume is too low. price there hasnt really very big sense. People dont know it much too.

Btw i like that prices falls. Every time if falls really much i buy what of bitcoins i have in the moment in DTC. I dont have much but you know what i mean.

When DTC hits cryptsy it will be much better. No people afraid of BTER. It is a chinese based one...you know....

and maxsolnc i liked your parallelism with jazz Tongue

No really, DTC isnt and shoudnt be for the hype and the pumps and dumps. It should steadily rise to a stable price.

tobasco

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Quote from: sfireman on December 25, 2013, 09:40:16 AM

Yea, datacoin looks great. But it's not the first, you can do the same using BitCoin or almost any other BitCoin fork, they also allow to attach arbitrary data to transaction(comments).
Just one limitation, its way too expensive now, nobody use it for this cases. It's not designed to store binary data and there are no services that open this feature to wide masses.
IMO, one good thing datacoin does - it makes this side more wide-open to public and to potential investors and also to developers.

Would the selling point of be that with Bitcoin you're attaching data to a transaction (the transaction is the focus, and the data is secondary). But with Datacoin you're attaching a transaction to data? So the data is the focus and the transaction supports it?

Also, would it be possible to create a data explorer for a coin like BTC like krypte.net is doing for DTC? Or is that kind of unique to the way DTC has been set up?

sfireman

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Decentralized Ascending Auctions on Blockchain

Yea, datacoin looks great. But it's not the first, you can do the same using BitCoin or almost any other BitCoin fork, they also allow to attach arbitrary data to transaction(comments).
Just one limitation, its way too expensive now, nobody use it for this cases. It's not designed to store binary data and there are no services that open this feature to wide masses.
IMO, one good thing datacoin does - it makes this side more wide-open to public and to potential investors and also to developers.

tobasco

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Activity: 61

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I don't think the masses need to understand the technical workings of Datacoin as much as they need to be shown the awesome advantages.

It's a worldwide store of data. If you want to secure some data and give it the best chance of being discovered 1,000 years from now, Datacoin could be the solution. The data is permanent, and it's stored on thousands of hard drives across the world. I think people would be interested in buying in to something like that.

I'm sure some cool applications for Datacoins will be unearthed. I love the concept and can't wait to see how it develops.

maxsolnc

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Activity: 350

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DTC unofficial team

Quote from: sfireman on December 25, 2013, 08:43:26 AM

Meanwhile DTC/BTC is rapidly going down, hit 0.00066, from 0.001 a few weeks ago.
More miners -> less price, while stupid useless DOGE are on tons of exhanges and grows like crazy...
lol

I noticed that and commented several times - Datacoin needs some thinking. I saw very many DOGEs miners in Ypool chat - most of them don't understand what they are doing, many of them never heard even about Bitcoin. They see 'funny picture' and several steps instruction, bah! they're mining, they're earning some quick buck! And Datacoin needs some reading to understand its concept - it's 'too difficult', especially for those who wants quick buck.

P. S. DOGE is like pop music: it's much easier to be understood by masses. Datacoin is like blues\jazz\art rock, for example. Grin

sfireman

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Decentralized Ascending Auctions on Blockchain

Meanwhile DTC/BTC is rapidly going down, hit 0.00066, from 0.001 a few weeks ago.
More miners -> less price, while stupid useless DOGE are on tons of exhanges and grows like crazy...
lol

GreekBitcoin

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Quote from: tobasco on December 24, 2013, 10:43:04 PM

Quote from: GreekBitcoin on December 24, 2013, 10:20:00 PM

Quote from: tobasco on December 24, 2013, 09:57:09 PM

I also notice that it's a CPU-only coin. Does that tie in with the goals of the coin somehow, or is there no specific reason to it?

Are there any notable advantages/disadvantages worth considering as far as how CPU might influence the adoption and usage of datacoin?

If it was sha2 those that had paid for Asic miners for bitcoins would have killed it since after 1 month they would have mine much of it living nothing for late adopters.

The same goes for scrypt. Those with good expensive graphics cards would have mined most of it.

Only cpu coins like Datacoin, Primecoin and Protoshare (not quark, molecule because those can be now mined with GPUs too) are being mined more slowly and this is good for most adopters if time has passed. For example my i3 laptop now mines 0.3DTC per day. And i am using my laptop 10 hours a day at least.

The problems though for cpu coins are the botnets. Someone with a botnet can easily make its slaves mine for him cpu coins. And this is actually happening with all CPU coins. But pools can easily find botnets and ban them.

Okay thank you, that answered my question well.

So basically, there's no major concern that this CPU method would have any possible negative effects when it comes to miners being able to work to keep the datacoin blockchain nice and secure if the coin becomes popular?

No, i dont think there is a problem. Now i would like to know if PoS can also be implemented and if this stupid idea or not.

tobasco

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Quote from: GreekBitcoin on December 24, 2013, 10:20:00 PM

Quote from: tobasco on December 24, 2013, 09:57:09 PM

I also notice that it's a CPU-only coin. Does that tie in with the goals of the coin somehow, or is there no specific reason to it?

Are there any notable advantages/disadvantages worth considering as far as how CPU might influence the adoption and usage of datacoin?

If it was sha2 those that had paid for Asic miners for bitcoins would have killed it since after 1 month they would have mine much of it living nothing for late adopters.

The same goes for scrypt. Those with good expensive graphics cards would have mined most of it.

Only cpu coins like Datacoin, Primecoin and Protoshare (not quark, molecule because those can be now mined with GPUs too) are being mined more slowly and this is good for most adopters if time has passed. For example my i3 laptop now mines 0.3DTC per day. And i am using my laptop 10 hours a day at least.

The problems though for cpu coins are the botnets. Someone with a botnet can easily make its slaves mine for him cpu coins. And this is actually happening with all CPU coins. But pools can easily find botnets and ban them.

Okay thank you, that answered my question well.

So basically, there's no major concern that this CPU method would have any possible negative effects when it comes to miners being able to work to keep the datacoin blockchain nice and secure if the coin becomes popular?

GreekBitcoin

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Activity: 1428

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Quote from: tobasco on December 24, 2013, 09:57:09 PM

I also notice that it's a CPU-only coin. Does that tie in with the goals of the coin somehow, or is there no specific reason to it?

Are there any notable advantages/disadvantages worth considering as far as how CPU might influence the adoption and usage of datacoin?

If it was sha2 those that had paid for Asic miners for bitcoins would have killed it since after 1 month they would have mine much of it living nothing for late adopters.

The same goes for scrypt. Those with good expensive graphics cards would have mined most of it.

Only cpu coins like Datacoin, Primecoin and Protoshare (not quark, molecule because those can be now mined with GPUs too) are being mined more slowly and this is good for most adopters if time has passed. For example my i3 laptop now mines 0.3DTC per day. And i am using my laptop 10 hours a day at least.

The problems though for cpu coins are the botnets. Someone with a botnet can easily make its slaves mine for him cpu coins. And this is actually happening with all CPU coins. But pools can easily find botnets and ban them.

tobasco

member

Activity: 61

Merit: 12

I also notice that it's a CPU-only coin. Does that tie in with the goals of the coin somehow, or is there no specific reason to it?

Are there any notable advantages/disadvantages worth considering as far as how CPU might influence the adoption and usage of datacoin?

tobasco

member

Activity: 61

Merit: 12

Would it be possible to use datacoin as some sort of web host to serve html pages? If so, it could be the Internet's first hosting service with 100% (not 99.5%) uptime?

That would be useful.

GreekBitcoin

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[/quote]

Do you know why did Sunny King disabled -paytxfee?
[/quote]

I would like to know why btw.

cryptrol

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Quote from: maxsolnc on December 24, 2013, 06:06:22 AM

BTW: oocook5u is updating repository just now, so maybe he'll appear here soon. Maybe he will answer this question. And what is optimal fee in your opinion?

Thanks for pointing it out, it seems that now we have the getadata method for the HP version of the wallet.
No other change that I see ATM.

The best fee ? I really don't know ... 0.01 to start ?

maxsolnc

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DTC unofficial team

Quote from: cryptrol on December 24, 2013, 05:55:23 AM

Quote from: maxsolnc on December 23, 2013, 03:18:00 AM

1. This fee is not hardcoded, 'dynamic fee' will be soon built into wallet - just like in Bitcoin wallet. But miners can set their own fees, so transactions with 0 fee can never reach destination. $1.00 per DTC - it was price when DTC costed 0.001 BTC, and Bitcoin price was $1.000. Now it's 0.5$. Anyway, $0.5 for MS Word document is not so much if you're not planning to store hundreds and thousands of documents.

Really ? Source ?

AFAIK the fees are hardcoded to 0.05 into Datacoin, you can easily change them to whatever you want using settxfee from the debug console or the rpc command but if you set them below 0.05 the transactions will not be accepted by the network (I have tried it).

The fees should get lower ASAP.

I am currently working in the envelope protocol described by oocooku I plan to deploy it soon on https://krypte.net

Sorry cryptrol, I meant that this fee is 'not unchangable', not just 'hardcoded'. Of course, it is hardcoded in common sense, but AFAIK it can be changed without hardfork. Anyway we need to clarify that with oocook5u.

BTW: oocook5u is updating repository just now, so maybe he'll appear here soon. Maybe he will answer this question. And what is optimal fee in your opinion?

Topic: [ANN][Datacoin] Datacoin blockchain start announcement (Minor code upd + logo) - page 55. (Read 171873 times)