Blockchainbased next internet service

Can Decentralized, Blockchain-based Internet Become A Reality?

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The token trades on exchanges since longer time and network is in early alpha for this moment. Current season of amazing show Sillicon Valley - a comedy about creating unicors in the hearts of VC world - is exactly about new idea of our heroes, the decentralized internet. I dont want to put spoilers here but if you never seen this show ASAP ride by seasons 01 and 02 to land on our beloved 03 where soon i feel we will meet blockchain. What if we use all those phones to build a massive network?

We use my compression algorithm to make everything small, efficient, move things around. And if we could do it, we could build a completely decentralized version of our current internet with no firewalls, no tolls, no government regulation, no spying. Information would be totally free in every sense of the word. Bitcoin has already been refered in previous episodes of this show ie two examples below. If you have ideas on how to decentralize the web, not necessarily full product or technology but good tech background, some MVP.

You can get this big prize from Mozilla right now. Blockstack is an addon for browsers that will allow you browse decentralized internet using blockchain technology. Its in the works since over 3 years and has some users already. Product is far from being finished of course. This is a torrent based browser made by Bittorrent crew. The main idea here is to be able to watch movies of listen to music live based on streaming from torrents instead of waiting for full files like its now.

The full plan is to make internet working in P2P system like torrents do using their distributed technology. It has entered even Beta but now all links disappeared and you can only download the torrent client. So with all things moving this way and big companies working on our security and privacy protection we can assume soon we shall see some decentralized versions of internet that will be blockchain based and fully encrypted.

Until then we have to just watch mentioned projects and have weekly fun with Sillicon Valley tv show. Feel free to leave other names that you know of in comments.

How could one talk about the decentralized internet and not mention Urbit or Ethereum? The most ambitious and most likely attempts at decentralizing the internet respectively. I think the the first building block of "internet of things" is "blockchain" Blockchain is going to be involved in every aspect of our lives. Im ready for blockchain to take over everything That is why we are lucky because we are one of the early ones in the platform.

Forget internet of things, the future is internet of everything! Security is going to be paramount, and if anything can secure the internet it is strong encryption and blockchain technology. People who believe in conspiracies or who obsess about the Bilderberg group are not work paying attention to. It's an unprofitable rabbit hole of poor critical thinking.

Read A Demon Haunted World by Carl Sagan to better understand critical thinking and how to avoid pseudoscience bullshit and conspiracy theory blabble. You know, you give me hope, but just look around you.

Why cant Vitalik Buterin answer a simple question? That question is soooo important. If you didnt catch it, watch it again. Also, why has Putin already started to itergrate ETH in their economy? What I think is that all this crypto is just a learning tool for the ones who got in early. This will allow them to each the others when they HAVE to integrate into this digital monetary system that is forming around us. Look what happened right after my post. A true Digital Panopticon.

Will any cryptos be safe from this all seeing digital economy? Are the likes of Monero and other 'anon' cryptos truly safe to use as an 'off-the-grid' user? Nothing is as it seems any more and the rabbit hole is deep and winding. You see what happened to ETH right after I posted this? People should have taken notice on several fronts: It is our enslavement. It is the "Internet of Things!

I have to say, many conspiracies are fact. Critical thinking usually leads to suspicion of what's presented. Testing it against other information is vital in coming to some sort of conclusion. In the case of Ethereum, there are many great things about it that I think will benefit society as we fight against and tear down the current fiat system. However, just because we tear down one system, doesn't mean the new one won't have the tentacles of the elite cabal all over it.

I outlined some things in a video in my second post ever on steemit which was todayand you actually commented on that post as well Most conspiracies are not fact. Conspiracies are incredibly difficult for human beings to pull off because human beings are weak and fallible and not omnipotent. It's really sad to see someone write: I've zero interest in"debating" you on this because if you think that, you're lost relative to anything I'd ever find interesting.

Your comment is unclear. Can you clarify it? What's the significance of highlighting my mention of Carl Sagan. Spend 5 minutes reading about his life and you'll figure out his goals were aligned with spreading scientific awareness Do you believe in any conspriacies? I mean history is one conspriacy after another why would the present be any different?

My mom was a history professor, I was a history major, and I have immersed myself in more history study and reading of all kinds than almost anyone I've ever met. I reject "history is one conspriacy after another" [sic] as very poorly informed. What a weird twisted way to conceive of history. Saying who's worth paying attention to is subjective, opinions are subjective I like rock music you don't who's wrong or right?

Your arguments are those that missed the age of enlightenment, which is what the US, modernity, and science are built on. Science is literally "knowing" and it's built on facts, on what's provable, importantly, on what's disprovable"and on doing the work.

The root of "science" is "Scire. Man's goal should be Scire, not giving up or being lazy and just focusing on Credo. Next time I will agree with your subjective views Anyhow congrats your steem power won this ego battle. Yes, you do have the power to decide what you think. I don't think science is a "subjective" view though -- I mean one can make that argument it is and you can deconstruct everything semiotician style and say that communication between two people is impossible, technically, and also nothing can ever be objective.

But that time of circlejerk conversation is pretty boring and it's more of a useless debating tactic than something that can allow some to live a more enlightened or more profitable life. I will say that looking into your profile, you're doing fascinating things. I hope you make on American Ninja Warrior, and when you're on it, I'll root for you.

And the videos confirmed my research that indeed BitShares could really workso thanks again! Urbit is not - will read on it now, thanks! Urbit is the real deal. They are building everything from zero. The design seems absolutely great, but it also requires a lot of work and that's why they have very little to show even after years of development.

The next crowdsale will be in the near future, if anybody happens to be interested in it. Subscribe to the mailing list to get notified: Blockchain and decentralized internet represents a new way of tackling problems. When a decentralized internet brings value to people in any capacity, then things will continue to take off. I think we are moving closer to a more sharing economy versus a more consumption based society, a block chain based, decentralized internet can help enable this. EOS won't even launch for a year and is designed to put as much money in the hands of Dan Larimer and his investors as possible with no responsibility for delivering anything.

Promise everything, deliver nothing, uncap it and let people pour in their own imagination, FOMO and dollars. I see no reason to bother at all. If one plans to bother, tactically I would wait 6 months and then start dollar cost averaging in. A constant dribble of supply will wear on the market and is a technical overhang on the EOS price. But by the time it launches EOS will have a dozen or more more seasoned, more tested, more ingrained competitors including Steem itself.

These are possibilities but from what I know about Dan I see him as being honest and having bigger and praiseworthy goals than making money for the sake of making money. I'd really love to see a confirmation either way. Thank you for your input though I think some of your reflections on the current markets outlook might make me more cautious about investing in EOS early.

Honestly, I don't think an honest person would design a crowdsale structure like Dan has, which is uncapped, easily manipulated by EOS itself and I expect it will be by buying into certain periods themselves, buying in supply, jawboning the priceand runs for a year. I believe at some point the in the future most companies will clone pre-existing technologies such as Ethereum and render the current ones obsolete.

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Blockchain technology is quickly expanding beyond bitcoin. While many proponents of bitcoin see the blockchain as no more than competition for existing payment methods or gold, I believe blockchain technology is the harbinger of things the world has never before seen. In a world with many blockchains and hundreds of tradable tokens built on top of them, entire industries are automated through software, venture capital and stock markets are circumvented, entrepreneurship is streamlined and networks gain sovereignty through their own digital currency.

This is the next phase of the internet. Yet Ethereum, a blockchain protocol that allows arbitrarily complex financial transactions to be encoded by anyone and executed in a provably accurate manner by a distributed network, has seen a de minimis amount of VC investment.

So why is less VC money flowing into Ethereum? Perhaps it is more risky, and perhaps investments in failed bitcoin companies has lowered interest. But importantly, entrepreneurs now have an alternate route for funding their projects. We are seeing entrepreneurs issuing their own blockchain-based tokens to raise money for their networks, sidestepping the traditional, exclusive world of venture capital altogether. The importance of this cannot be overstated — in this new world there are no companies, just protocols.

Using this new model, entrepreneurs create blockchain-based tokens that represent ownership in the network they are building, and also act as fuel for their network. For an investor, there are not shares of a company available, only the blockchain-based token. As the blockchain space expands, disproportionate returns will go to holders of the actual tokens, not traditional venture investors betting on a shares of a company. These tokens are application specific — they are not meant to be general-purpose units of value like bitcoin.

For example, tokens built on Ethereum like REP and GNT power a decentralized prediction market and a peer-to-peer market for renting computation, respectively. These application-specific tokens, or app-tokens, are built on top of existing general-purpose blockchains like Bitcoin and Ethereum.

For the first time, open-source project creators can directly monetize their open-source network. Historically, successful open-source projects like the torrent protocol or the Tor network were not directly monetized at the protocol level. Now, the founder of a decentralized file storage network can issue blockchain-based tokens that represent ownership in the network.

However, these tokens are not like stock certificates, which represent ownership but have no real use. App-tokens are actually used in the network to participate. In the file-storage market example, they are used to prove file ownership and buy and sell storage space.

The founder of the network keeps roughly 10 percent of the tokens for themselves and their founding team, and if their network becomes popular, the demand for tokens rises, and because the supply of the token is fixed, the price increases. This means that founders can monetize their networks directly by simply holding their tokens and making the network useful. If they need liquidity to continue funding the project, they can simply sell the tokens on the open market.

In addition to rewarding founders, these app-tokens allow participants in networks to actually own a piece of the network. This network equity ownership is unprecedented. In this new blockchain-based model, that value is actually given back to the users of the network, proportional to their contribution.

What this means is that what ultimately disrupts many of the major web services created in the last decade could be peer-to-peer protocols, not companies.

This would be similar to the effect that the torrent protocol had on media companies, but on a much larger scale. The result would be twitter the protocol without Twitter the company, facebook without Facebook, uber without Uber. And as an investor, for the first time, it is possible to buy a portion of these networks, which will power the future infrastructure of the internet.

To be sure, the blockchain space is still mostly in a phase of experimentation, but the first breakout apps will be explosive because they financially incentivize users to participate in the network.

Imagine being able to actually make money when you contribute on social media. The future internet will be decentralized. Olaf Carlson-Wee is the founder of Polychain Capital , which manages a hedge fund that invests exclusively in blockchain-based assets.

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