at least we now understand who influences who, and that the user may change his numbers at any time with or without looking at the market. hence no contradiction or something like that. you may argue about terminology.
Another response that didn't match the statement. How is the system not doing the pricing? If you think the market is doing the pricing, this would imply that the pricing only occurs at the fiat denomination. I don't think this is a notion that would be well accepted. If you think the user is doing the pricing, why? How does the user setting the relation between the procfs token and the coin token say anything abut the valuation of the actual computation, which is denominated in that procfs token? I would hope you do understand the difference between valuation and denomination.
draw me a detailed scenario for a publisher hiring say 10K nodes and lets see where it fails
I've already detailed where it can fail. This is all I've been doing for hours now.
in theory. in practice, power can shut down and so on.
Eh, I'm going to avoid getting back into this discussion for the hundredth-or-so time. The whole model of bitcoin *doesn't* actually fall over when the EMPs go off. The theory remains just as sound. The protocol can still be enacted, and work, albeit probably with adjusted parameters that account for the (massively) increased network latency caused by lack of electronic communication.
Bitcoin would've literally solved the actual Byzantine Generals' problem, even at the time!
probability for a computer to give you a correct answer is never really 1.
It is when the process the computer employs to derive that answer is proof carrying! Either you get out the correct answer or you get no output at all.
how much uptime AWS guarantee? i think 99.999%
How much uptime does bitcoin guarantee? 100%. Anti-fragile and all that jazz. It really is deterministic "immortal" modulo the 51% attack or some hypothetical eventual exhaustion of the hash space.
Six sigma has it all wrong. We should be building systems that are "forever." (Particularly being "Bitcoiners.")
since after the convergence of the network toward more-or-less stable market, spammers and scammers will earn so little.
Again, why do we think this model will converge in such a direction? What makes them actually "earn so little?" What is going to prompt the network participants to behave altruistically when they have both incentive and opportunity not to?
People *will* do these things at any given opportunity, and people will use any *other* vulnerability of the system to carry out these practices.
i totally agree. i do not agree that the network is not able to mitigate them and converge to reasonable values.
I never said that I don't think it could. In fact I explicitly stated the opposite several times. What I'm saying here is that your network, as described so far, doesn't even seem to mitigate correctly.
since the costs are so lower than big cloud firm operational costs, we have a large margin to allow some considerable financial risk.
Eh? How can we know the relative cost a priori? Why shouldn't we believe the cost of this service will actually average higher, given the need for excess redundancy etc. We've already brought into the discussion the notion that people might even just re-sell AWS, and they certainly wouldn't do so at a loss.
I don't think you've made a safe assumption on this.
How exactly is this not just like CPUShare again, and why exactly shouldn't we expect it to fail for the exact same reasons, again?
let me mention that i know nothing about cpushare so i can't refer this question
I'll rephrase. How exactly is this not reiterative of any other attempts at a p2p resource market, which have all failed?
They've all failed for the same reasons I'm assuming your model fails, btw. No authentication over quote or work. Inadequately constrained execution context. Disassociated cost models. Providers absconding mid-computation. Providers attacking each-other and the network for any possible advantage. Providers burning through identities to perpetuate their unfair trades. Requirement for substantial overheads in any attempts at "mitigation" of these problems.
Those who do not learn from history, they say, are doomed.