Sorry, liked the idea initially but the moderation feature makes this a non-starter for me. This proposal has vulnerability by design.

Quote from: oco101 on January 23, 2014, 12:59:00 PM

Quote from: fuznuts on January 17, 2014, 10:23:13 AM
Pretty sure they aren't.  If they were, he would have likely said it.  :/

Not that it matters.  Invictus is going to do well for all investors  who hold it...and that value of DACs like BitCloud and WeTube will likely float on the bitshares market.  Now if they are....it might be worth investing a few of my Protoshares for a favorable +% of initial money supply created in their DAC at launch (and possibly over time), but otherwise I'll probably watch it from afar (and check out their freenode).

Just MHO...

+1

If we are not Invitus, why would us want to use PTS?
If we have to premine something, it should be under our conditions, and we are going to be really open in this regard.
In fact, our mining procedure is quite different: we mine bandwidth, so it has no sense to use PTS.

Please,  have a look at the new updates:

Economic model:
https://github.com/wetube/bitcloud/blob/master/economic-model.org

Protocol:
https://github.com/wetube/bitcloud/blob/master/bitcloud.org

Proof of bandwidth:
https://github.com/wetube/bitcloud/blob/master/proof-of-bandwidth.org

And most importantly, please join our forum:
http://talk.bitcloudproject.org/

Quote from: fuznuts on January 17, 2014, 10:23:13 AM
Pretty sure they aren't.  If they were, he would have likely said it.  :/

Not that it matters.  Invictus is going to do well for all investors  who hold it...and that value of DACs like BitCloud and WeTube will likely float on the bitshares market.  Now if they are....it might be worth investing a few of my Protoshares for a favorable +% of initial money supply created in their DAC at launch (and possibly over time), but otherwise I'll probably watch it from afar (and check out their freenode).

Just MHO...

+1

Please, join us at the forum:

http://talk.bitcloudproject.org

There are some interesting conversations there I'm sure you'd love to read.

The proff of bandwidth solution is in a separate paper. Check it out:

https://github.com/wetube/bitcloud/blob/master/proof-of-bandwidth.org

I'm not impressed by their proof of bandwidth solution

Agreed

Sent from my Galaxy Nexus using Tapatalk

i know of bit cloud from BTT, but if it's not a DAC what's it doing in the DAC forum ? Should be in off topic..

Pretty sure they aren't.  If they were, he would have likely said it.  :/

Not that it matters.  Invictus is going to do well for all investors  who hold it...and that value of DACs like BitCloud and WeTube will likely float on the bitshares market.  Now if they are....it might be worth investing a few of my Protoshares for a favorable +% of initial money supply created in their DAC at launch (and possibly over time), but otherwise I'll probably watch it from afar (and check out their freenode).

Just MHO...

Sounds interesting, just one question, in what way are you going to honor the pts/ags holders at 10%.

Cool nice to see that it is out there. I just saw it in Hacker news. Still need to find the time to read the white paper tough !!!

Is the plan to offer to PTS/AGS holders?

Reddit announcement: http://www.reddit.com/r/Bitcoin/comments/1vd2r1/we_want_to_replace_youtube_dropbox_facebook/

We are in the early stages of developing the protocol that will change the world forever.
We are calling it Bitcloud, to separate it from Wetube, which is the interface. The main important features are:

• We are generating money from bandwidth sharing instead of mining!
• We introduce optional moderators to make the content of our net of very high quality (anyone can become a moderator).
• We optionally protect the IP and identity of the users and nodes that share delicate content
• And we have a blockchain too! But quiet different from actual ones.
• We don't initially own 100% of the coins like in Mastercoin or Next

YOU HAVE THE OPPORTUNITY TO WORK WITH US IN THIS VERY EARLY PROCESS AND BECOME PART OF THE  TEAM DOING THE MAIN DECISSIONS.

In contrast to what Invictus and Mastercoin is doing (centralizing development and investment), I want, as an experiment, to make this process REALLY open, allowing anyone who wants to participate to share his opinion.

We are contacting developers and thinkers only now, as we don't want this project to become mainstream until we have something to really work in and a good bunch of developers.
Please, spread the word between developers, marketers, thinkers, and similar people. There is no way that 1, 2 or 5 people can do this big project alone. We must go together.

We are in #wetube at freenode. You can also contact me by PM and/or mail.

THE EARLY STAGE OF THE PROTOCOL:
https://github.com/wetube/bitcloud/blob/master/bitcloud.org
(Please read the sections we already have. We are still deciding the blank ones.)

THE EARLY NON-TECHNICAL WHITE PAPER:
https://github.com/wetube/bitcloud/blob/master/Bitcloud%20Nontechnical%20White%20Paper.md

Join us!