Topic: Nemesis Distributed Autonomous Corporation - Innovative Business Model (Read 2000 times)

So you just have an idea?

I suggest you learn C++ and that you start to program.  Nobody is going to pay any attention to you if you cannot code.

its up to the citizens of the internet to make.  I cannot program because I have severe shoulder problems.  I would recommend that the developer stay anonymous. 

Where is the coin?

this is an important innovation.  A few months ago it was easy to keep this idea at the top of the forum board. Since then all these trash meme based alts have showed up.  Its weird that the only real purpose for these trash coins is to take attention away from important innovations.  Please bump if you believe this concept needs more attention. 

Proof of Storage Protocol Outline:
-proving storage of message M over a period of work W

M is encrypted to make cipher1 (this is to create a random string)
computer generates a random string S1 and concatenates it with C1 to make C1 + S1
computer hashes C1 + S1
storage is proved when hash of (C1 + S1) is a string of zeroes of desired length
computer broadcasts (C1 , S1) to the network as proof and collects mining reward

- this solves the problem of having a network store and host content as the file must be both stored over a period of work (which can be related to time in terms of hashes/second) and must broadcast the stored file with the correct challenge

The biggest difference between a DAC and a Wal-Street Corporation is the ability to not meet regulations.  This allows a DAC to employ an incentive system to effectively pay for new information.  I am referring to a decentralized intellectual property system (previously titled 'Nemesis') and will outline it in this thread.  A system of currencies is utilized to maintain an array data structure.  It is both a self standing IP system and an exploit of government based IP systems such as the USPTO.  The system retains value for original content submitters, replacing the social function of a government IP system.  

Legal Tool                  Exploit
copyright                                    censorship preventing coin/network
contract, Non Disclosure Agreement      anonymizing software


The system consists of two types of currency:

Type I
-based on proof of work
-prevents double spending
-stock in the entire system as a whole
-only one of these currencies

Type II
-based on proof of storage
-prevents censorship by distributing storage and hosting of content
-stock in specific content
-one of these currencies is generated for each content submission

How to make Type II currencies retain value for original content submissions
-content submitter gets 50% of type II currency for submitting content
-submitter's coins in type II currency are paid out at the same rate as to mining
-this prevents a person from profiting from copying and resubmitting previously submitted content
   -based on game theory analysis of incentive for miners
   -a miner cannot gain more than 50% of a currency
   -rather than mining the currency for a duplicate submission a person would rather duplicate again and resubmit the content to get 50% of the currency
   -lack of incentive to mine duplicate submissions means duplicate submissions have no value


define "terminal address" - an address that cannot send coins; it can only receive coins
-there is one terminal address associated with Type I currency
-there is one terminal address associated with each Type II currency

Advertising System
-There is an advertising slot associated with the Type I currency and an advertising slot associated with each content submission and Type II currency
-advertising bids are made by sending a bid to a terminal address with the associated currency type
-ads are stored and hosted along with the content
-demand for advertising creates demand for currencies
-permanent removal of coins from circulation through advertising causes the number of outstanding coins to decrease

this system will have a larger market cap than Google but the value will be spread out because large amounts of it will go to the people who submit the content