Storj Founder Shawn Wilkinson wants to disrupt a $150bn market with peer-to-peer cloud storage
Storj's particular domain is the decentralization of cloud storage. Their applications allow users to store their files in a decentralized peer-to-peer network that promises to be more secure and effective. At the same time, it creates a market where people can earn money by renting out spare hard disk space. Storj Founder Shawn Wilkinson was recently on the Epicenter Bitcoin podcast to talk about his startup and how he plans to disrupt the $150bn market of cloud storage. Not to mention potentially threatening sites like YouTube and other centralised content platforms. We covered the following topics:
Why cloud storage lends itself to decentralization
How the efficiency of Storj compares to conventional providers like Dropbox
The architecture of Storj including the applications Driveminer and Metadisk
How Storj interacts with protocols such as Counterparty and Ethereum
The debate is not "SHOULD THE BLOCKSIZE BE 1MB VERSUS 1.7MB?". The debate is: "WHO SHOULD DECIDE THE BLOCKSIZE?" (1) Should an obsolete temporary anti-spam hack freeze blocks at 1MB? (2) Should a centralized dev team soft-fork the blocksize to 1.7MB? (3) OR SHOULD THE MARKET DECIDE THE BLOCKSIZE? (354 points, 116 comments)
"Notice how anyone who has even remotely supported on-chain scaling has been censored, hounded, DDoS'd, attacked, slandered & removed from any area of Core influence. Community, business, Hearn, Gavin, Jeff, XT, Classic, Coinbase, Unlimited, ViaBTC, Ver, Jihan, Bitcoin.com, btc" ~ u/randy-lawnmole (176 points, 114 comments)
"You have to understand that Core and their supporters eg Theymos WANT a hardfork to be as messy as possible. This entire time they've been doing their utmost to work AGAINST consensus, and it will continue until they are simply removed from the community like the cancer they are." ~ u/singularity87 (170 points, 28 comments)
3 excellent articles highlighting some of the major problems with SegWit: (1) "Core Segwit – Thinking of upgrading? You need to read this!" by WallStreetTechnologist (2) "SegWit is not great" by Deadalnix (3) "How Software Gets Bloated: From Telephony to Bitcoin" by Emin Gün Sirer (146 points, 59 comments)
Now that BU is overtaking SW, r\bitcoin is in meltdown. The 2nd top post over there (sorted by "worst first" ie "controversial") is full of the most ignorant, confused, brainwashed comments ever seen on r\bitcoin - starting with the erroneous title: "The problem with forking and creating two coins." (142 points, 57 comments)
enough with the blockstream core propaganda : changing the blocksize IS the MORE CAUTIOUS and SAFER approach . if it was done sooner , we would have avoived entirely these unprecedented clycles of network clogging that have caused much frustrations in a lot of actors (173 points, 15 comments)
Dear Theymos, you divided the Bitcoin community. Not Roger, not Gavin, not Mike. It was you. And dear Blockstream and Core team, you helped, not calling out the abhorrent censorship, the unforgivable manipulation, unbecoming of supposed cypherpunks. Or of any decent, civil persons. (566 points, 87 comments)
So, Alice is causing a problem. Alice is then trying to sell you a solution for that problem. Alice now tell that if you are not buying into her solution, you are the cause of the problem. Replace Alice with Greg & Adam.. (139 points, 28 comments)
SegWit+limited on-chain scaling: brought to you by the people that couldn't believe Bitcoin was actually a sound concept. (92 points, 47 comments)
Reality check: today's minor bug caused the bitcoin.com pool to miss out on a $12000 block reward, and was fixed within hours. Core's 1MB blocksize limit has cost the users of bitcoin >$100k per day for the past several months. (270 points, 173 comments)
Top post on /bitcoin about high transaction fees. 709 comments. Every time you click "load more comments," there is nothing there. How many posts are being censored? The manipulation of free discussion by /bitcoin moderators needs to end yesterday. (229 points, 91 comments)
Fantasy land: Thinking that a hard fork will be disastrous to the price, yet thinking that a future average fee of > $1 and average wait times of > 1 day won't be disastrous to the price. (209 points, 70 comments)
"Segwit is a permanent solution to refuse any blocksize increase in the future and move the txs and fees to the LN hubs. The chinese miners are not as stupid as the blockstream core devaluators want them to be." shock_the_stream (150 points, 83 comments)
In response to the "unbiased" ELI5 of Core vs BU and this gem: "Core values trustlessness and decentralization above all. Bitcoin Unlimited values low fees for on-chain transactions above all else." (130 points, 45 comments)
Core's own reasoning doesn't add up: If segwit requires 95% of last 2016 blocks to activate, and their fear of using a hardfork instead of a softfork is "splitting the network", then how does a hardfork with a 95% trigger even come close to potentially splitting the network? (96 points, 130 comments)
I'm more concerned that bitcoin can't change than whether or not we scale in the near future by SF or HF (26 points, 9 comments)
"The best available research right now suggested an upper bound of 4MB. This figure was considering only a subset of concerns, in particular it ignored economic impacts, long term sustainability, and impacts on synchronization time.." nullc (20 points, 4 comments)
At any point in time mining pools could have increased the block reward through forking and yet they haven't. Why? Because it is obvious that the community wouldn't like that and correspondingly the price would plummet (14 points, 14 comments)
Dear Theymos, you divided the Bitcoin community. Not Roger, not Gavin, not Mike. It was you. And dear Blockstream and Core team, you helped, not calling out the abhorrent censorship, the unforgivable manipulation, unbecoming of supposed cypherpunks. Or of any decent, civil persons. by parban333 (566 points, 87 comments)
The debate is not "SHOULD THE BLOCKSIZE BE 1MB VERSUS 1.7MB?". The debate is: "WHO SHOULD DECIDE THE BLOCKSIZE?" (1) Should an obsolete temporary anti-spam hack freeze blocks at 1MB? (2) Should a centralized dev team soft-fork the blocksize to 1.7MB? (3) OR SHOULD THE MARKET DECIDE THE BLOCKSIZE? by ydtm (354 points, 116 comments)
151 points: nicebtc's comment in "One miner loses $12k from BU bug, some Core devs scream. Users pay millions in excessive tx fees over the last year "meh, not a priority"
123 points: 1DrK44np3gMKuvcGeFVv's comment in "One miner loses $12k from BU bug, some Core devs scream. Users pay millions in excessive tx fees over the last year "meh, not a priority"
117 points: cryptovessel's comment in nullc disputes that Satoshi Nakamoto left Gavin in control of Bitcoin, asks for citation, then disappears after such citation is clearly provided. greg maxwell is blatantly a toxic troll and an enemy of Satoshi's Bitcoin.
117 points: seweso's comment in Roger Ver banned for doxing after posting the same thread Prohashing was banned for.
113 points: BitcoinIsTehFuture's comment in Dear Theymos, you divided the Bitcoin community. Not Roger, not Gavin, not Mike. It was you. And dear Blockstream and Core team, you helped, not calling out the abhorrent censorship, the unforgivable manipulation, unbecoming of supposed cypherpunks. Or of any decent, civil persons.
106 points: MagmaHindenburg's comment in bitcoin.com loses 13.2BTC trying to fork the network: Untested and buggy BU creates an oversized block, Many BU node banned, the HF fails • /Bitcoin
98 points: lon102guy's comment in bitcoin.com loses 13.2BTC trying to fork the network: Untested and buggy BU creates an oversized block, Many BU node banned, the HF fails • /Bitcoin
Will Altcoins Undermine Bitcoin's Deflationary Characteristic?
When people talk of deflation and Bitcoin, they mean that you need to pay fewer and fewer bitcoins for the same things because the demand for bitcoin grows much quicker than the supply. We generally assume this will continue and when people talk of a price of $100k per bitcoin or similarly enormous sums, they implicitly assume that Bitcoin will be the only one. You arrive at these sums by taking all the use-cases, industries and functions that Bitcoin can do better than the current financial system, you calculate amount of money that will be needed as a consequence, take into account velocity, divide by the number of bitcoins and voila: We have a super-high price and we’re all rich:) But there is one thing that is generally ignored. The cryptocurrency infrastructure can handle any of the cryptocurrencies similarly well. For a provider like BitPay it would (presumably) be very easy to switch to Litecoin, Dogecoin and Whatevercoin with ease. Even more importantly, they could accept different cryptocurrency simultaneously. (As long as a liquid market exists for them.) In the future payment providers, wallets and other services will handle multiple currencies simultaneously. This could, for example, mean that you’ll need ‘a’ cryptocurrency to do remittances cheaply, but any number of them would do the job. It seems, this could destabilize the deflationary characteristic of Bitcoin. If cryptocurrencies can be substituted for each other, then we need to think of the money supply not in terms of Bitcoin but in terms of cryptocurrencies and obviously the supply is no longer limited. The key question this revolves around is how large are the network effects? How much more utility does one currency vs many currencies provide? Currently, you can’t do much with other cryptocurrencies so there are strong network effects. But if services make seamless, cheap and instantaneous exchange possible between currencies (and I think they will) these effects will decrease. Am I correct? I would love to hear some thoughts and scenarios about how this will play out. Note: - These concerns were mentioned by several people in the recent Goldman Sachs report on Bitcoin: http://www.scribd.com/doc/212058352/Bit-Coin. I highly recommend reading it. While it’s critical, it’s well-written and thoughtful. - We also discussed this question on our last podcast episode (Epicenter Bitcoin) with Sebastien Couture and Jonathan Levin of Coinometrics: https://soundcloud.com/epicenterbitcoin/eb-011 (The relevant discussion starts around 1h24m)
Bitcoin Marketing: Build the Marketing into your Products and Other Lessons from BTC2B
Hello, Sébastien Couture here, co-host of the Epicenter Bitcoin podcast. I was recently invited to speak on a Bitcoin marketing panel at the BTC2B conference in Brussels. The panel was moderated by Handshake and btcReport Founder Richard Caetano. The panelists were Jeremy Gardner, Executive Director of the College Cryptocurrency Network, and myself. This panel was part of a 1-hour session which began with a short but impactful presentation by Richard on the topic of product marketing strategy. You can listen to the full session on episode 48 of Epicenter Bitcoin. I've written a blog post which summarizes the lessons to be learned from this session, which I hope you will find insightful. My personal takeaway is that we still have a long way to go in terms of creating meaningful experiences for consumers. Rather than focusing on the long-term goal of mass adoption, perhaps we should first focus on building great experiences for smaller niche markets. Link to full blog post: http://sebastiencouture.com/post/101165329241/btc2b-bitcoin-marketing-session
EB57 – Allen Scott & Ian DeMartino: CoinTelegraph and The Rise of Crypto-Powered Independent Media
EB57 – Allen Scott & Ian DeMartino: CoinTelegraph and The Rise of Crypto-Powered Independent Media CoinTelegraph Chief Editor, Allen Scott, and writer, Ian DeMartino join Sebastien (Brian is away) for a conversation about the independent Bitcoin media. Cryptocurrencies enable new business models and monetization opportunities for content producers, which CT is fully utilizing. Allen and Ian explain their innovative system whereby content creators are paid according to the success of their articles, which it determines by measuring the number of shares on social media. CoinTelegraph is an independent news site that specializes in Bitcoin and digital currencies. Freelance writers, who all get paid in Bitcoin, produce the vast majority of their content. CT's long-term ambition is to grow along with Bitcoin and become a front runner in the cryptocurrency news space. Epicenter Bitcoin is hosted by Brian Fabian Crain & Sébastien Couture and is available on iTunes, SoundCloud, Mixcloud, Stitcher and other podcast aggregators. Website: http://epicenterbitcoin.com Subscribe: http://feed.epicenterbitcoin.com Subscribe to our Friday newsletter: https://epicenterbitcoin.com/newsletter Twitter: https://twitter.com/epicenterbtc
Epicenter is a podcast about the technologies, projects & people driving decentralization and the global blockchain revolution. Every week, hosts Brian Fabian Crain, Sebastien Couture and Meher Roy find the most interesting people in the industry for in-depth discussions about their projects, ideas and stories. Epicenter is part of the Let's Talk Bitcoin Network. Epicenter Bitcoin is on Mixcloud. Listen for free to their radio shows, DJ mix sets and Podcasts Epicenter is a podcast about the technologies, projects & people driving decentralization and the global blockchain revolution. Epicenter is hosted by Brian Fabian Crain, Sebastien Couture and Meher . 386 Tracks. 2789 Followers. Stream Tracks and Playlists from Epicenter on your desktop or mobile device. Welcome to SoundCloud's Help Community, where you'll find quick solutions to your SoundCloud questions. Help Center Help Community Status Blog. Help Center Status Blog. Create topic; Sign in; E Epicenter Bitcoin Booker* Topics 0 ... Stream EB98 – Robin Hanson: Futarchy, Prediction Markets And The Challenge Of Disruptive Technology by Epicenter from desktop or your mobile device
EB108 – Brian, Meher & Sebastien: The Big Chain Powwow
But others believe that Bitcoin is unsuited for a lof of 'Bitcoin 2.0' applications and that permissioned ledgers have wide-reaching potential to increase efficiency and transparency. Tim Swanson ... Mix Play all Mix - Epicenter Podcast YouTube Emin Gün Sirer on the State of Cryptocurrency, Securities Tokens, and more at EDCon 2018 - Duration: 19:59. Polymath 971 views Donate BTC: 19LsH8NPDu5ozG9byojL8CqqWTUHTSb8VG Donate Doge, XDP, or assets to: DHLTxVS1XZ3KeVhLocRWYd9E9WAmosUsrb Donate Viacoin, XCP, or assets to: VoYVELff... Christian Decker is a PhD student at ETH Zurich, where he is currently finishing up the world's first PhD thesis entirely about Bitcoin. The computer scientist has been part of the Bitcoin ... Support the show, consider donating: 18SrPUgVAEMRL171T2VQPyzNJ34xkDdoQU (http://bit.ly/1l5m5wl) The Bitcoin and blockchain industry has been through a lot th...