61 karma · joined February 4, 2014
1. Cheaper ebooks (many reasons vs pbooks) 2. No fracking DRM
This whole hachette vs amazon thing is bullshit with the consumers and authors being left on the side while these middlemen argue.
If this filecoin does take off and does what is being promised I will personally add hundreds of terrabytes of storage from our storage servers.
But seeing what Storj are doing I am extremely sceptical so please understand where I am coming from.
In this case and in storjcoin case the actors behind it all remain anonymous
I find it amusing that they are doing this in "the name of combating piracy" when right now a certain russian site is hosting 1.2 million (mostly western) pirated ebooks and 28 million pirated scientific articles
The level of tracking and privacy violations online is already disturbing and downright creepy
This would take it to a whole new level.
There are other bad things possible, for example, I can already see Media Industry lawyers rubbing their hands, tie National ID cards to ISP database and overnight suing people would become easier.
The cost .... $30 USD!
Then our bank charged about €24 to receive those 25 or so transactions, Bitpay pay the next business day to the bank account, its really really nice!!
Fraud rate? 0%
Chargeback rate? 0%
Not having to worry about all sorts of middlemen and fraudsters trying to rip me off and waste my time
PRICELESS!
Now if only my suppliers accepted bitcoin then wouldn't even have to withdraw some of the bitcoin back to fiat!
Anyway its a once off cost, that accountant can do all sorts of magic with this.
Ive been in business for 7 years and hope to remain around for as long.
Have already saved money as to compared to renting dedicated servers before. AWS etc were never an option the sums simply never work out.
AWS might be great at first when you are starting out, but the costs can cripple a business, especially if you dont have others peoples venture capital to burn.
edit: when bandwidth costs are factored in the difference is and order of magnitude between my current setup and amazon, at time of this post using 2200 mbit outgoing, 800 incoming
edit2: my only regrets is not collocating earlier, have spent well into upper 6 figures over all the years :( on renting, AWS etc werent around when was starting off either.
I collocate 5x 4u servers with 24 and 36 drive bays, 128GB ram, SSD drives squished in for OS, for a total (multiple raid 5 volumes for each 6 disks) usable space for my project of 375 TB
Power and 2-3gbit of bandwidth is included, as well as remote hands to check up on server (for example IPMI sometimes does not work) or replace drives (pay extra for enterprise grade drives would save you alot of hassle in long term!)
for .... €1500 / month
now go and calculate the cost of that on AWS
its interesting to see censorship at work here
Anyways the worlds largest pirate ebook site LIBGEN.ORG is being run out of Moscow apartment, so pot, kettle, black
http://api.rapidshare.com/cgi-bin/rsapi.cgi?sub=getaccountde....
accountid=46048788 firstname=mandeep lastname=sihag servertime=1397038309 addtime=1359871506 username=heavenlybeast directstart=1 country=IN mailflags=n language=en jsconfig= email=heavenlybeast@live.com curfiles=36 curspace=1213591844 rapids=0 billeduntil=0 nortuntil=0 maxspacegb=10 additionalspacegb=0 maxdaytrafficmb=100 additionaldaytrafficmb=0 traffictoday=20511350 accounttype=0 valid=1 payabo=0 promocode=0 promotype=0 promovaliduntil=0 maxfilesize=300000000
accountid=46048788 firstname=mandeep lastname=sihag servertime=1397038309 addtime=1359871506 username=heavenlybeast directstart=1 country=IN mailflags=n language=en jsconfig= email=heavenlybeast@live.com curfiles=36 curspace=1213591844 rapids=0 billeduntil=0 nortuntil=0 maxspacegb=10 additionalspacegb=0 maxdaytrafficmb=100 additionaldaytrafficmb=0 traffictoday=20511350 accounttype=0 valid=1 payabo=0 promocode=0 promotype=0 promovaliduntil=0 maxfilesize=300000000
fun fun fun
Now we know that the protocol itself is actually quite good (despite mtgox trying to blame it)
And the problem lies at the interface between bitcoin and the traditional payment systems (exchanges)
Its a pitty that Satoshi never solved the problem of distributed TRUSTLESS exchange, tho I suppose that is a problem that didnt exist until bitcoin became popular.
As a merchant when a customer chooses to pay with bitcoin I pass on the savings (that would instead go to middlemen like paypal and credit card companies) onto the customers, and they love it judging by feedback received.
Credit card companies and paypal etc are parasites who siphon billions from global commerce, their business models are based on old money transmission methods.
There used to be a time when people would ask as to why they would use credit card over cash, yet people moved on and accepted new concepts and technology