Please explain how Bitcoin is a distributed autonomous corporation that pays people to leak/publish information and then generates income via demand for advertisements
because of how proof of storage is performed by a distributed network of computers. proof of storage by a decentralized network is really almost identical to proof of work. the stored data keeps getting encrypted to generate a random string, and then a computer has to find a challenge string that when hashed with the encrypted data file creates an output of a string of zeroes (for the proof). Essentially, storage is proved over a period of work rather than a period of time. The additional computational power for increased hashing rate doesn't mean the data was stored longer, only that the server storing the information had more processing power. If the function is being performed with storage in mind its better to use CPUs.
(1kb / 30 seconds) * (1 second / 10000 MH)
...filed stored for 30 seconds
(1kb / 30 seconds) * (1 second / 100 GH)
...filed still only stored for 30 seconds
the work performed is redundant in proof of storage
wrong. data witness?? what is good about that? Someone may want to submit content and generate an income off of the ad revenue from that content. Why should Google collect ad revenue for videos on youtube created by individuals? The person making the movie should get the ad revenue.
Bitcoin can do this?!! HAHA don't make me laugh. Proof of storage was not done academically until after the release of Bitcoin, which is probably why Bitcoin is not designed with mass data storage in mind.
Datacoin is not a currency, it is a crypto anarchist corporation. It is the first publicly traded company not traded on any centralized stock exchange.
this is likely under development and will be built on top of the original DTC block chain. See "personal chains" on the DTC website. It's hush hush right now because early adopters want the price to stay low so they can buy as many DTC as possible until this new development is released, when the price will skyrocket
botnets. The ad revenue of the information hosted by datacoin could be linked to demand for advertising. Then, if datacoin mining is outlawed, it will become more profitable the way drug dealing is more profitable because it is illegal. People wanting to make money will mine using VPN or by using botnets. Some CPUs will stop mining if it is outlawed, only making it more profitable for those who continue.
if you want to keep track of who submitted the content anonymously, a block chain is good for that.
imagine a corporation that starts paying employees of other corporations with datacoins to publish their employers secrets on the web, then datacoin profits off of ad revenue
