[ANN][FAI]ΦFree Anonymous Internet --Decentralized Blog, Messenger,Market,Dapps - page 3.

fai

member

Activity: 84

Merit: 10

Quote from: worhiper_-_ on October 28, 2015, 02:18:01 AM

Quote from: knowone on October 28, 2015, 01:56:57 AM

As someone asked earlier, isn't the blockchain going to be enormous if FAI becomes popular? Is there at least some concept for how to deal with this, or is the price of posting going to rise enough to discourage casual use?

Depends on what you would consider a solution. A simple solution to make transacting FAI more accessible would be creating a client that would still have wallet functionality without having to be a full node. Having full access to FAI's features without having to store the blockchain would be more tricky though. Since FAI is something new, it's not like someone could just alter the code of a lightweight bitcoin wallet and create a "lihtweight" FAI client with all functionalities so simply.

Yes ,you are right.
Currently we are working on android version which is a light node version.

fai

member

Activity: 84

Merit: 10

Quote from: knowone on October 28, 2015, 01:56:57 AM

As someone asked earlier, isn't the blockchain going to be enormous if FAI becomes popular? Is there at least some concept for how to deal with this, or is the price of posting going to rise enough to discourage casual use?

Thanks for question.
1 max block size is 1.15M. 3min/block. So max content size is around 550M per day(this costs 550k Faicoins). Max content size per year is 200G. A 1T HD can store 5 years of full blockchain content. This is worthy because maybe this 1T includes the most important and interesting contents in the world.
2 We strictly control the number of Faicoins in circulation, to prevent spamming, and also to ensure the quality of contents.

worhiper_-_

hero member

Activity: 700

Merit: 500

Quote from: knowone on October 28, 2015, 01:56:57 AM

As someone asked earlier, isn't the blockchain going to be enormous if FAI becomes popular? Is there at least some concept for how to deal with this, or is the price of posting going to rise enough to discourage casual use?

Depends on what you would consider a solution. A simple solution to make transacting FAI more accessible would be creating a client that would still have wallet functionality without having to be a full node. Having full access to FAI's features without having to store the blockchain would be more tricky though. Since FAI is something new, it's not like someone could just alter the code of a lightweight bitcoin wallet and create a "lihtweight" FAI client with all functionalities so simply.

knowone

newbie

Activity: 6

Merit: 0

As someone asked earlier, isn't the blockchain going to be enormous if FAI becomes popular? Is there at least some concept for how to deal with this, or is the price of posting going to rise enough to discourage casual use?

fai

member

Activity: 84

Merit: 10

Guys, don't be so quiet...
Make promotion plans, we will support you with not only Faicoins, but also Bitcoins if needed.
FAI is a community, promoting itself is fun.
Or ,tell us advice for improvement, we will try our best to implement.

dawveed

newbie

Activity: 45

Merit: 0

Quote from: fai on October 26, 2015, 10:49:40 PM

github source code link:
https://github.com/fai03a6/freeanonymousinternet/tree/master

+1 for the developers for sharing the source code.

fai

member

Activity: 84

Merit: 10

Please vote for FAI in Cryptsy:
https://www.cryptsy.com/coinvotes/

fai

member

Activity: 84

Merit: 10

github source code link:
https://github.com/fai03a6/freeanonymousinternet/tree/master

fai

member

Activity: 84

Merit: 10

subreddit: https://www.reddit.com/r/f_a_i

fai

member

Activity: 84

Merit: 10

Quote from: pjcltd on October 26, 2015, 09:21:46 AM

FAI wallet is now stable on BTCPOOL.EXCHANGE

We just tested. It is working well.

pjcltd

legendary

Activity: 1778

Merit: 1003

NodeMasters

FAI wallet is now stable on BTCPOOL.EXCHANGE

fai

member

Activity: 84

Merit: 10

Quote from: worhiper_-_ on October 23, 2015, 12:30:55 PM

Quote from: fai on October 23, 2015, 11:52:24 AM

First FAI website: indeed.fai

perhaps there should be a turorian on how to setup one.

maybe there are several features that go unused because no one has showed people what fai is capable of. :p

tutorial: f-a-i.net/api
FAI is a platform.And it's evoluting. When you understand the principle, you can ask fai dev team to develop the functions you need.

worhiper_-_

hero member

Activity: 700

Merit: 500

Quote from: fai on October 23, 2015, 11:52:24 AM

First FAI website: indeed.fai

perhaps there should be a turorian on how to setup one.

maybe there are several features that go unused because no one has showed people what fai is capable of. :p

fai

member

Activity: 84

Merit: 10

First FAI website: indeed.fai

fai

member

Activity: 84

Merit: 10

Quote from: dawveed on October 22, 2015, 08:21:26 PM

Quote from: litecoin111 on October 22, 2015, 07:01:14 PM

Quote from: fai on October 20, 2015, 09:18:58 PM

Quote from: dawveed on October 20, 2015, 01:44:33 PM

The fact that the Dev premined 99% of the coins, automatically converts them into a kind of "centralized bank". In fact, they openly recognized that if the FAIcoins go up too much, they will sell, and if it drops down, they will buy. Isnt that what the Banks/Governments usually do?

Note this, if the FAI coins reach $1 USD per coin, they will be billionaires, and a few users will get a few thousand and the majority almost nothing. Same old story of concentrated wealth by bankers at the spend of other people...

What if Satoshi Nakamoto would have premined 99% of the Bitcoins?
Bitcoins would have been a joke by now.

read .257 please
read .257 please
read .257 please

What does that even mean

It means read post #257.
I did read it, but I don't think it offers a satisfactory explanation.
It would be a shame if this project go to waste since it's a great idea.

Additional 2 points:
1
What's premine? All the coins mined before a newcomer enters are premine to him--no matter who owns the coins, they are premined.
Is there a fair distribution method?Can a newcomer of bitcoin ask for compensation from premine?Of course not.
But, the answer is true for FAI
2
If as you wished , "no premine", then ,
Either total coins versus fee is too few, so fee will be very high, so there'll be few contents, so the project will fail;
Or total coins versus fee is too much, so the blockchain will be filled with spam contents, so the project will fail.
Conclusion: "no premine"=doomed to fail

dawveed

newbie

Activity: 45

Merit: 0

Quote from: litecoin111 on October 22, 2015, 07:01:14 PM

Quote from: fai on October 20, 2015, 09:18:58 PM

Quote from: dawveed on October 20, 2015, 01:44:33 PM

The fact that the Dev premined 99% of the coins, automatically converts them into a kind of "centralized bank". In fact, they openly recognized that if the FAIcoins go up too much, they will sell, and if it drops down, they will buy. Isnt that what the Banks/Governments usually do?

Note this, if the FAI coins reach $1 USD per coin, they will be billionaires, and a few users will get a few thousand and the majority almost nothing. Same old story of concentrated wealth by bankers at the spend of other people...

What if Satoshi Nakamoto would have premined 99% of the Bitcoins?
Bitcoins would have been a joke by now.

read .257 please
read .257 please
read .257 please

What does that even mean

It means read post #257.
I did read it, but I don't think it offers a satisfactory explanation.
It would be a shame if this project go to waste since it's a great idea.

litecoin111

full member

Activity: 205

Merit: 100

Quote from: fai on October 20, 2015, 09:18:58 PM

Quote from: dawveed on October 20, 2015, 01:44:33 PM

The fact that the Dev premined 99% of the coins, automatically converts them into a kind of "centralized bank". In fact, they openly recognized that if the FAIcoins go up too much, they will sell, and if it drops down, they will buy. Isnt that what the Banks/Governments usually do?

Note this, if the FAI coins reach $1 USD per coin, they will be billionaires, and a few users will get a few thousand and the majority almost nothing. Same old story of concentrated wealth by bankers at the spend of other people...

What if Satoshi Nakamoto would have premined 99% of the Bitcoins?
Bitcoins would have been a joke by now.

read .257 please
read .257 please
read .257 please

What does that even mean

fai

member

Activity: 84

Merit: 10

Tip:
In the very beginning, the credit of a seller can be judged by the amount of coins it has.
The more coins it holds compared to the product price, the less chance it cheats you.

Later on , credit can be built by comments and recommendation.

Also, it's possible to program a shop with escrow functions by JS only. We will give big bonus for this.

telematico

full member

Activity: 198

Merit: 100

This project has great potential, if you work in. Fresh air in the difficult world of currencies Wink

cyberspacemonkey

legendary

Activity: 1288

Merit: 1002

This project is looking very nice, looks similar to that R3D project some other people were attempting to launch.

Topic: [ANN][FAI]ΦFree Anonymous Internet --Decentralized Blog, Messenger,Market,Dapps - page 3. (Read 26080 times)