walden42 | 9 years ago | on: Twitch could be a $20B company within Amazon
walden42's comments
walden42 | 9 years ago | on: Uber to suspend operations in Hungary due to govt legislation
So they were forced to jump through ridiculous hoops, so should we force everyone to follow the same stupidity?
If anything, the solution is tear down these bureaucratic barriers and open up the competition for everyone. But you'll never see the taxis supporting this, because they know they'll lose, and would rather have their business propped up artificially using governmental force.
walden42 | 9 years ago | on: How to Email Early Stage Investors
That goes contrary to a lot of advice other VCs say, which is that getting introduced to a VC is the most common way to get funded. Supposedly most cold emails don't turn into VC funding. Is this no longer the case?
walden42 | 9 years ago | on: Amazon Elastic File System – Production-Ready in Three Regions
walden42 | 10 years ago | on: Sandstorm App Market
It's what you describe. They're working on it, hopefully to be released some time this year. You upload something, it gets distributed to random nodes on the SAFE network. Minimum of 4 live copies of your data, and if any of them get taken down, another copy is immediately created on another machine. This completely eliminates the need for hosted servers for most types of apps. You can upload any files, including javascript, which means you can essentially run entire SPA and other applications using this network.
walden42 | 11 years ago | on: A Novel Approach For Computer Worm Control Using Decentralized Data Structures
walden42 | 11 years ago | on: Bit451 – Decentralized, distributed anonymous P2P media network
On to your safecoin questions. They're inventing a new digital currency that aims to get rid of the problems that exist with bitcoin. Namely, scalability. If you're familiar with bitcoin, you'll know that every full node is aware of every transaction. The current limit is 7 transactions per second (though there are talks of lifting it, which has other implications, but that's another matter). Bitcoin also requires specialized hardware to mine and keep the network secure. Miners service no purpose except this end.
Safecoin has no blockchain, therefore not everyone is aware of all other transactions. Transaction are 100% free and unlimited, and the "miners" are nodes that provide storage and bandwidth on the network, thus adding actual value (and this is how the network AND safecoin is to be bootstrapped, answering your first question). Also, app-builders are also rewarded safecoins for people using their apps, adding further incentive to build on the network (yes, you can earn money just by building a useful app people love). Since all nodes don't need to know about every transaction, scalability is not an issue. DDOS protection is already built into the network.
I can go on, but in reality, if it works, it'll blow everything else out of the water and truly change the networking landscape. I'm actually planning to write a blog post explaining how it works since questions like yours come up all the time.
Edit: oh, and feel free to ask questions and browse posts on the forum at maidsafe.org.
walden42 | 11 years ago | on: Bit451 – Decentralized, distributed anonymous P2P media network
And besides the "altcoin" problem, MaidSafe does this. You pretty much provide a hash to the API, and it fetches your files using chunks from a decentralized system. It's genius. All the hard work they're doing is the "magic work behind the scenes" that implements that.
As for the altcoin, the word "altcoin" connotates a "copy" of bitcoin or something negative. It's not fair to call SafeCoin an "altcoin", since it has nothing whatsoever to do with any other coins. It's completely original (and does not use a blockchain), and it deserves a chance to prove itself. But I understand all the bitcoin evangelists don't even want to consider that another digital currency can make it to the top.
walden42 | 11 years ago | on: Accept donations on your site instantly
walden42 | 11 years ago | on: Mozilla accepting Bitcoin donations
walden42 | 11 years ago | on: Amazon Echo
walden42 | 11 years ago | on: Amazon Prime Members’ Newest Benefit Is Free, Unlimited Photo Storage
walden42 | 11 years ago | on: Dollar a Day
That's the big one, IMO. Would definitely like to see b) implemented. It would work similarly to Flattr, but specifically for curated lists of non-profits with good track records.
walden42 | 11 years ago | on: Reddit
The issue is the people, not with Reddit.
walden42 | 11 years ago | on: Circle opens doors to global audience
walden42 | 11 years ago | on: Introducing free voice calls from Hangouts
walden42 | 11 years ago | on: Introducing free voice calls from Hangouts
walden42 | 11 years ago | on: Making MySQL Better at GitHub
walden42 | 11 years ago | on: The Anti-Facebook
walden42 | 11 years ago | on: Ethereum, Maidsafe, Meshnets,??