safecoin
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Interesting, I was wondering where disk space allocation coin transaction “algorithm” would be used ie proof of resources. Seems a good distributed network idea.
https://maidsafe.net/safecoin.html
Farming: an incentive for a crowd sourced Internet.
Safecoins are given as an incentive to users for providing their resource to the network. This resource is their: storage space, CPU, bandwidth and online time that enable the encrypted chunks of network data to be stored and retrieved from their computer. The process of providing resource and receiving safecoin in return is called ‘Farming’. Each piece of encrypted network data is stored in a Farmer’s ‘Vault’, a data storage and management location on the Farmer’s computer which they cannot read, or access. The SAFE network is designed to self-manage these resources.
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Isnt there a few “proof of resources” coins now? https://storj.io/ is one I looked into before. I think its a pretty great idea really.
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Yes, seems like still waiting for a full open source / distributed solution
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I wonder where the economics behind it is.
I think they suffer the same problem as any other coin: What can I buy with my coins? -
I like the idea that allocating the disk space is used for distributed storage, you get paid for space, like proof of work, but proof you did your share.
It makes a useful job out of the proof. It also seems logical to keep the “credits” in a blockchain. Be interesting to see how far this leads, hopefull a full DAO / distributed / open source system.
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@Wellenreiter, Just a note / prediction, proof of disk space will be particularly useful for Peer to Peer storage or transport systems. People would pay for a high availability backup service and Proof of storage, would be ideal.
Also proof of storage could be used to sign or access open sensor data, or give availability to implement a process. Again, a currently paid for service that an “automatic”, or p2p system could provide, the block subsidies, are tokens for access to the systems service…
