Topic: TorCoin (Read 5593 times)
Our team obtained many of the cryptocurrencies that were frozen on Cryptsy's servers when the exchange collapsed. The Torcoin wallet.dat was among those recovered.
We are now in the process of giving these wallet files back to their respective communities. The wallet has not been inspected and it's unknown if it contains any coins. If you are a developer of this coin, or a longstanding community member, you can file a request for the wallet in this thread: https://www.gldtalk.org/index.php?topic=3789.0
We are now in the process of giving these wallet files back to their respective communities. The wallet has not been inspected and it's unknown if it contains any coins. If you are a developer of this coin, or a longstanding community member, you can file a request for the wallet in this thread: https://www.gldtalk.org/index.php?topic=3789.0
I would like to get in touch with the developers of TorCoin ASAP and take over the project!
Would like to hear the opinion of the whitepaper authors:
Why do the relays have to mine a new coin?
Why not just have clients pay btc/ltc (any coin with an established value) to the relays on a per-use basis?
That would significantly simplify the protocol:
- you won't need the centralized Assignment Servers to assign the circuits because the client will select the circuit the usual Directory Servers way.
- there will be no incentive to create fake relays and pump fake traffic through them.
Why do the relays have to mine a new coin?
Why not just have clients pay btc/ltc (any coin with an established value) to the relays on a per-use basis?
That would significantly simplify the protocol:
- you won't need the centralized Assignment Servers to assign the circuits because the client will select the circuit the usual Directory Servers way.
- there will be no incentive to create fake relays and pump fake traffic through them.
It is kind of like some of the coins which pay people in coin to run humanitarian projects such as BOINC or F@H. People will be able to run TOR nodes and make some coin to cover costs and invest in the speed of TOR, hopefully this works out because it could take TOR to the mainstream just because of a large speed increase.
there is already TorCoin released and just waiting for smart devs to takeover the project. check it:https://bitcointalksearch.org/topic/--677434
It is kind of like some of the coins which pay people in coin to run humanitarian projects such as BOINC or F@H. People will be able to run TOR nodes and make some coin to cover costs and invest in the speed of TOR, hopefully this works out because it could take TOR to the mainstream just because of a large speed increase.
It doesn't sound like users of TOR will have to pay to use the network so I am wondering where will the value of the coin come from?
The users of the coin will give it value just like any currency. But am waiting to see how it will be implemented
But what will it be used for? If the TOR network remains free, meaning you don't need to use TORcoins to access it, then why would you buy them? It makes sense if you needed to use TORcoins to access the network and then the fees go to those running nodes.
Personally I feel that if TORcoins bring about a lot more nodes and hence much faster network speeds then it would be worth paying a small fee to access the TOR network.
Any news here? How is the progress?
nice concept and i guess worth a watch.
http://www.cryptocoinsnews.com/news/torcoin-making-anonymity-pay/2014/06/06
http://www.cryptocoinsnews.com/news/torcoin-making-anonymity-pay/2014/06/06
Is anyone working on implementing this?
It doesn't sound like users of TOR will have to pay to use the network so I am wondering where will the value of the coin come from?
The users of the coin will give it value just like any currency. But am waiting to see how it will be implemented
It doesn't sound like users of TOR will have to pay to use the network so I am wondering where will the value of the coin come from?
Strange Question. Where does the value of bitcoin come from?
It doesn't sound like users of TOR will have to pay to use the network so I am wondering where will the value of the coin come from?
Any info about launch of this coin?
Great idea, if I knew what I was doing I would have started coding this a while ago. Along with my other great idea, a decentralized replacement for this forum.
Too bad I'm just a lowly network admin and not a superstar developer.
Too bad I'm just a lowly network admin and not a superstar developer.
Torcoin & Torrentcoin, I heard these two names in the forums and already up for it. Bring it on!!
I think this is exactly what the Tor Network needs, a lot more nodes run by people interested in just making some coin instead of who knows what most node operators have as motivations. Tor would become rather fast if this was undertaken. I really hope this takes off, I will be right behind it.
Sounds a nice concept ...
Proof-of-Bandwidth Altcoins for Compensating Relays
Abstract. The Tor network relies on volunteer relay operators for relay bandwidth, which may limit its growth and scaling potential. Wepropose an incentive scheme for Tor relying on two novel concepts. We
introduce TorCoin, an \altcoin" that uses the Bitcoin protocol to reward relays for contributing bandwidth. Relays \mine" TorCoins, then sell them for cash on any existing altcoin exchange. To verify that a given TorCoin represents actual bandwidth transferred, we introduce TorPath, a decentralized protocol for forming Tor circuits such that each circuit is
privately-addressable but publicly veri able. Each circuit's participants may then collectively mine a limited number of TorCoins, in proportion to the end-to-end transmission goodput they measure on that circuit.
http://dedis.cs.yale.edu/dissent/papers/hotpets14-torpath.pdf
... your thoughts
Like all appcoins, their application would be better off by just using Bitcoin directly. Proof-of-Bandwidth Altcoins for Compensating Relays
Abstract. The Tor network relies on volunteer relay operators for relay bandwidth, which may limit its growth and scaling potential. Wepropose an incentive scheme for Tor relying on two novel concepts. We
introduce TorCoin, an \altcoin" that uses the Bitcoin protocol to reward relays for contributing bandwidth. Relays \mine" TorCoins, then sell them for cash on any existing altcoin exchange. To verify that a given TorCoin represents actual bandwidth transferred, we introduce TorPath, a decentralized protocol for forming Tor circuits such that each circuit is
privately-addressable but publicly veri able. Each circuit's participants may then collectively mine a limited number of TorCoins, in proportion to the end-to-end transmission goodput they measure on that circuit.
http://dedis.cs.yale.edu/dissent/papers/hotpets14-torpath.pdf
... your thoughts
MaidSafe also will have some proof-of-resource coin.
Still not convinced such an approach can be 100% secure.
Still not convinced such an approach can be 100% secure.
Bitcoins you pay are shared among nodes you use. Nodes trust each other to a certain degree.
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