You are viewing a single comment's thread from:

RE: Investigating NOIA: Blockchain's Network of Internet Acceleration

in #noia • 6 years ago

Amazing, I've read the post three times, but I'm still lost on some core concepts. The idea of decentralized internet isn't new of course... but while showing off all the technological benefits of NOIA I fail to see the financial ones. Basically I get paid NOIA tokens by offering some bandwidth and operating as a node offering content?

Nonetheless, I have yet to see a blockchain handle TRUE pressure, all I've seen everywhere are pitiable operations... can NOIA really handle several trillions of transactions per second worldwide? how many tokens need to be created and how can the mining support that? I'm no expert on cryptos, but so far the methods are far from optimal...
The other thing that like always come to mind every time I see a new crypto project is the fact that it's always a pyramid, for good reason, but talking about decentralization while being a pyramid isn't exactly fine on my book. I've seen people owning 90% of the coins and distributing the other 10% so that value adapts to that 10% and then they dump their 90% to cash in profit... who can assure me that won't be the case with NOIA?

Bad blood with cryptos aside I do find it a VERY interesting project that is more than capable of causing a worldwide revolution in how CDN is handled. Yet like with all the cryptos I fear that the cost far surpasses the benefits for the average person.

EDIT: The comment may seem a bit on the sad side or the depressive side or even a full critic... that's not exactly my intention, the post is awesome and the content is great. It's just that I have bad blood with cryptos because I see lots of potential in the technology, but only people wanting to profit abusing it.

6 years ago in #noia by
$0.06
  • Past Payouts $0.06, 0.00 TRX
  • - Author $0.05, 0.00 TRX
  • - Curators $0.01, 0.00 TRX
1 vote
Reply 1
Sort:  
  • Trending
    • [-]
     6 years ago 

    No worries about the criticism.

    Basically I get paid NOIA tokens by offering some bandwidth and operating as a node offering content?
    Yes.


    RE: Blockchain handling pressure - still a young technology that is making consistent advancements. All has not yet been solved. NOIA is a piece to the puzzle and its leadership recognizes that the blockchain industry is an open-ended innovation (see Roadmap).

    RE: Pyramiding - Cryptos (like the real world) are no where near perfect. As far as pyramid schemes, well, as Andreas Antonopoulos talks about, blockchain will be in a fight before the world has a dominant solution. Some of that 90% market dominance must be attributed to established organizations exerting pressure on the blockchain industry (ie. BTC vs BCH). He goes on to say that a true blockchain is decentralized and those blockchains that are centralized will fail because this is essential to the technology.

    • Looking beyond this opinion: consider any of the big tech companies (Amazon, FB, Alibaba, Google, etc.) [and their supporters]. They maintain control of a database. That database is primarily comprised of "unownable" aspects of human information. This is not an attack on capitalism, its just that the type of information that FB, for example, collects necessitate permissions from whom it is about. A big tech giant selling that info is the equivalent of character defamation (even when positive- because no permission was granted by the object of discussion). Imagine if FB needed to pay its users to vote before selling demographic data! Also, there is a pyramid on the U.S. Dollar, so this is nothing new.

    Decentralizing cloud networks would supersede the big tech databases. So YES, NOIA is about profiting from the capacity of our own devices. Working toward full decentralized content delivery networks puts people more in charge of their own information. They now have more options to sell that information themselves AND less digital intrusion from unwanted solicitation.

    RE: Speed - I can see how this might bring the biggest debate. But consider, America vs the old Soviet Union. We Americans have big cars. Part of the reason is that we have a lot of land, and the other is that we do not need papers to cross state borders. Our interstates highways run unobstructed from the Atlantic to the Pacific. I know, I played touch-and-go with both oceans over the course of three days.

    • NOIA will be small at first. From the whitepaper:
      More nodes mean shorter distances between source and users. Under this architecture, content is kept closer to users, hence latency and load times are decreased, while overall speed is increased.
      Underdeveloped countries will notice the most speed increases.

        • Thanks @ejgarcia for the comments (pos and neg:)

        $0.00
          Reply