You won't get encrypted file sharing because blockchain state is public, and there's no feasible way to establish a decentralized PKI without substantial human intervention. The same goes for encrypted message sending: without face-to-face interaction you're placing the same trust in some out-of-band communication to bind keys to identity to stop MITM impersonators.
As for file storage, one may consider something like IPFS or Dat that is far more robust and economical. Public data like forum posts may be stored more cheaply this way, but storage is already very cheap.
You also need to be aware of a 99% attack. Round Earthers have thousands of times more computing power.
An ERC-20 token at least wouldn't have that problem.
Any sort of Proof-Of-Work currency is going to be very hard to mine on a CPU because it inherently involves a lot of parallelizable things that could get run on a high end GPU, which has a reasonable ISA. So even if you make it memory hard, the RE people can execute it much faster than you.
Dig it man. Thanks for your insight. Very valuable and valid points.
An ERC-20 token is nothing but a ticket to sell. Most truly created from nothing, but sold for something..? Unless it offers a dividend..
it is a scam.
The F.E.N.D. acronym has more meaning and relevance to the project than just being a perfect acronym.
By using the proof of work algorithm, it will assist in fair distribution of Flat Earth Network Dollars for many years to come- (60+years, not just early adopters) this will allow Flat Earth community members a way to 'fend' for ourselves- creating value by helping secure a decentralized and private blockchain network, while being rewarded for it. Later using the Flat Earth Network Dollar as a form of transferring value across and outside the network in exchange for goods, services, etc.
51% attack on the network should be a massive undertaking once the network reaches a decent level of users. Even a fair amount of users. Cryptonight hashing algorithm is asic resistant and gpu limiting. It is designed to become inefficient in parallel ops and makes use of random access speeds instead. Boulderhash is a cool algo that fully reaches to new levels of memory hard hashing.. uses 13gb of ram to avoid the zombie farm botnet mining scenario. While not everyone has 13GB of ram laying around or installed... it would still be a very small investment in hardware to become a miner for the network. Though we are still speaking in theory, not practice. We all know such a Flat Earth network would be attacked at some point. We must learn to not only expect it... but welcome it. An additional meaning of the word FEND is actively protecting, not defending.
Encrypted p2p messaging is already active in-wallet features in quite a few blockchain networks..Digitalnote, espers, etc
As for file sharing, I do not disagree. But to think what is possible and available today will be the same tomorrow - is incredibly short sighted.
You seem to have a great mind for networking protocols. Im not proposing anything that has already been done. Theres an ERC20 token for that. Im here to assist in tearing the roof off this mother.
How much is a p2p blockchain's connections different from a p2p file sharing network's connections....? Not enough to be deterred. If nothing else a private connection to IPFS could suffice.
The internet has already changed, my friends. Only the reboot is yet to come.
-AV