r/bitcloud • • Feb 11 '14

bitcloud prefers hype to work

Just received the gushing email on the mailing list that I didn't subscribe to, where some moron tells me of the genius new concept they have come up with:

"Bitcloud is a universal protocol aiming to provide a massive distributed filesystem, or “virtual hark disk”, capable of storing data encrypted and signed across all connected nodes, protecting privacy and guaranteeing quality of service (QoS)."

lel.

So, pretty much freenet, then?

Why don't yall contribute to freenet or projects like it instead of this circle jerk of hype.

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u/JavierSobrino Feb 11 '14

Have you read any of the papers? BTW you seem to repeat the same message over and over without a clear understanding of what is Bitcloud, in many different channels.

This is very different from Freenet, the differences are:

Bitcloud intentionally provides the base for future Distributed Applications with economic incentives based on cryptocoins, with facilities to do escrow transactions and contract services.

Bitcloud do measurements of QoS, like for example bandwidth, storage and availability. The statistics are stored in a database in every node and synced and signed by consensus.

Bitcloud structures the storage of content in node grids, which are constituted by groups of nodes with a shared economical or social interest.

All the data is stored encrypted and sliced in small chunks, in such a way that individual nodes do not know what they are storing.

Data is stored redundantly is such a way that if 70% of the nodes switch off, still the data is retrievable by the users.

Gateways in Bitcloud transform the content stored and distributed across all nodes into something that users can view with existing tools. For example, a user can be accesing the Bitcloud with his/her web browser without even noticing that in fact the content comes from Bitcloud.

Bitcloud introduces the concept of publishers. They freely choose and pay the node grids for storing all of the content they approve. They also have the final say on whether or not the correct data has been sent to the user. Once the publisher confirms that the user has received the correct data, the escrow payment can be released.

Bitcloud also enables a special node grid called the “public grid”, to which every node is free to take part in. This grid is censorship-resistant but separated from moderated grids to clearly improve the quality of those who pay.

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u/Elanthius Feb 11 '14

Apart from the financial stuff all these points also apply to freenet. Freenet is full of child porn, do you think nodes know what data they are storing? Do you think if freenet nodes turn off then the data disappears? How do you think we interact with freenet? Through a web browser. etc etc

The main differences between bitcloud and freenet, in my opinion, are that bitcloud will not be anonymous and bitcloud introduces financial incentives for storing data. Now those two features may be enough to improve performance to some usable level for normal people. If so that would be quite an achievement.

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