Author Topic: Hard Problems in Cryptocurrency  (Read 2094 times)

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Offline luckybit

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Re: Hard Problems in Cryptocurrency
« Reply #15 on: July 28, 2014, 01:18:48 am »
I don't think youve solved scalability.  Running Bts X on a massive storj based ledger would be extremely slow not lending itself to trading.
That is debatable. There is already a project running Bitcoin nodes in the cloud and it doesn't seem extremely slow. http://www.blockcypher.com/

You could end up being right but shouldn't we let the tests determine?

It's up for debate though. I think with Storj because they aren't like SAFE Network the Storj software will probably choose the cloud which is fastest and cheapest. SAFE Network on the other hand can't connect to another cloud at the backend if it's slow.
« Last Edit: July 28, 2014, 01:20:19 am by luckybit »
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bitbro

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Re: Hard Problems in Cryptocurrency
« Reply #16 on: July 28, 2014, 01:20:23 am »

I don't think youve solved scalability.  Running Bts X on a massive storj based ledger would be extremely slow not lending itself to trading.
That is debatable. There is already a project running Bitcoin nodes in the cloud and it doesn't seem extremely slow. http://www.blockcypher.com/

You could end up being right but shouldn't we let the tests determine?

It's up for debate though.

Also, what would the shift to storj do for the economics? 

Offline luckybit

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Re: Hard Problems in Cryptocurrency
« Reply #17 on: July 28, 2014, 01:22:51 am »

I don't think youve solved scalability.  Running Bts X on a massive storj based ledger would be extremely slow not lending itself to trading.
That is debatable. There is already a project running Bitcoin nodes in the cloud and it doesn't seem extremely slow. http://www.blockcypher.com/

You could end up being right but shouldn't we let the tests determine?

It's up for debate though.

Also, what would the shift to storj do for the economics?

I would hope it would be symbiosis, mutually beneficial. I would think it would be one of the primary reasons for mass adoption of Storj because I know I don't want to have to store a 100 GB Bitcoin blockchain. It's growing way too fast now and it's reaching the point where it has to be stored in the cloud to make economic sense in any case.

So if it's a centralized cloud or decentralized cloud I would expect it to be in the cloud. I would prefer it be the decentralized cloud.
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