RE: Investigating NOIA: Blockchain's Network of Internet Acceleration
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.
No worries about the criticism.
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.
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.
Thanks @ejgarcia for the comments (pos and neg:)