Substratum Whitepaper (No. 192)

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White Paper Summary
Substratum Whitepaper

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Congratulations

We are proud to announce that the following document Substratum Whitepaper WP version 192 achieved the ChainBLX opinion based accreditation on 2019-03-12 17:10:40.

This accreditation testifies that it is our professional opinion as well as the opinion of our community that document Substratum Whitepaper is in compliance with the professional standard brought forward and regulated by chainblx.io.

A ChainBLX accreditation is very difficult to archive and in no way should any statistic be indicative of the quality of the document at hand. Neither should the achievement of accreditation in anyway imply that investors should not conduct their own diligence prior to any investment.

Document Substratum Whitepaper reached its accreditation with the following statistics.

Likes of forum members: 0

The discussion forum will remain open for future discussion, the remainder of the bounty will be reimbursed to the owner and no future claims can be filed.

In the name of the community and ChainBLX

We wish Substratum Whitepaper the best of success.

MX10178MX10178 Reputation: 75
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Automatic Claim Number - cla1552412007

Quote - To ensure the development fund is not subject to big market fluctuations, we're hedging it four ways. By doing this we ensure we have the capital needed to finish each phase of the project budgeted for in the Initial Coin Offering (ICO). Ethereum (25%) BitCoin (25%) USDT (25%) USD Fiat (25%)

Claim

According to this article, the CEO is now saying that there is XRP and LTC "in cold storage". Here is a link: https://reactcrypto.net/justin-tabb-clears-up-substratum-shortcomings/

This quote is contained in the answer to the very first question: "we still have roughly half the Ethereum that we raised during the ICO and nearly all of the Ripple and LiteCoin we raised are still stored in Cold Storage." – Justin Tabb

The whitepaper says the ICO funds will be hedged in Ethereum, BTC, USDT, USD Fiat... there is no mention of Ripple and Litecoin.cfcb26f811cedab4b6f09eee62ff6974
seedbountyhunter19seedbountyhunter19 Reputation: 51
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MathildeMMMathildeMM Reputation: 61
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Automatic Claim Number - cla1552581174

Quote - Drastically reducing hosting costs through peer-to-peer hosting that is billed per request through micro-transactions. This means that you will only be billed when people go to your site as opposed to per minute or hour like AWS and other cloud hosting platforms.

Claim

This statement is wrong as with AWS and with most cloud hosting platforms you are already only billed when someone go to your site and execute a request (see example WAS Lambda princing system https://aws.amazon.com/lambda/pricing/). Your billed is then calculated based both on data and time required to execute query.

Also some cloud hosting platforms already propose a per data usage billing (and not per minute), see Closte for example: https://closte.com/pricing0d6216ed9fae7cf5c463d78b04f3d900
MathildeMMMathildeMM Reputation: 61
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Great paper, super clear!

I would however maybe add a benchmark section and explaining how Substratum differs, as indeed such projects already exist(ed):

c13bc77d7177f09a26d1aec92b6009a5
onderI1sonderI1s Reputation: 54
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Automatic Claim Number - cla1553012516

Quote - he Substratum Network is made up of nodes—networks of peer-to-peer computers—who then can deliver secure content anywhere using industry-leading cryptography, effectively ending the need for VPNs and Tor.

Claim

Substratum network is made of nodes-networks of peer to peer computers which can deliver secure content anywhere using industry-leading cryptography. The statement is misleading because no information in peer to peer computers which cannot be hacked.Therefore, the substratum network is not secure as claimed by the statement.6f6731f85e988a689a86840a54582079
damexixdamexix Reputation: 50
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Quote - The primary issue with web hosting in its current form is that is incredibly expensive! It can cost upwards thousands of dollars per month, solely to host site files. This does not include any maintenance cost or additional security. It makes it incredibly difficult for small or medium sized businesses to have a strong web presence without incurring significant costs.

Claim - The cost is not applicable to all range of businesses only few. Few that have scaled complex web applications with larger amount of users. It also does not take into consideration that organisations are also looking for cost cutting measures. Why should a small business use a dedicated server space to host a website, that does not have complex functionalities but serve as information page and not a shared space. Most SMEs I have worked with pay very less amount relatively hosting their website. Therefore no significant cost is incurred.
Secondly enterprise businesses who have on-premise servers may host their files on those servers, hence not making use of third party services. Those servers also serve other functionalities such as networking, hence the cost segment of web hosting amongst the use of these on-premise servers is minimal.

Effort should be made to be assertive about the specific business audience (those who incur significant cost) this technology applies to.

e799570fe6119b7d887f140466bb2a23
damexixdamexix Reputation: 50
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effort is made to have competitive advantage only on one type of hosting (VPS) and not cloud hosting. The paper speaks more of the disadvantages of VPS and provides solutions to these advantages. For example, the resolutions 3.1,3.2, 3.3 are only applicable to VPS and have been implemented by incumbent cloud hosting companies.

Quote : Drastically reducing hosting costs through peer-to-peer hosting that is billed per request through micro-transactions. This means that you will only be billed when people go to your site as opposed to per minute or hour like AWS and other cloud hosting platforms.

Claim: In cloud hosting you only pay for the resources you use, not by the traffic request see - (https://azure.microsoft.com/en-us/pricing/details/app-service/windows) . Moreover, the resolution does not provide a low cost in all cases. Consider a site that is using ads to draw traffic to the site. Hence, the more traffic drawn to the site, the higher the bill. Cloud hosting provides a better solution in this case.

Quote: In order to serve millions of sites, databases and applications, the Substratum Network uses advanced compression algorithms, geolocation and machine learning to direct the right combination of Substratum Network nodes to serve content to the intended user based on location. This will ensure the fastest load times with the lowest amount of latency/strain on the Substratum Network, the serving machine and the receiving machine.

Claim: cloud hosting companies have the capabilities and provide more sophisticated approach to serving millions of sites. For instance, the use of application gateways to route traffic to a specific endpoint, traffic managers to route traffic automatically to other available and closest endpoints.

Quote: Due to Substratum’s peer-to-peer network, websites will never experience downtime.

Claim: cloud hosting companies have data centres built around the world, therefore ensuring better uptimes experience

In summary the paper lack a full qualitative assessment of competitors and therefore the resolutions do not provide a competitive advantage

4d9cbd8dbbc5bcd552ee812c0c2c3adb
damexixdamexix Reputation: 50
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Automatic Claim Number - cla1553851021

Quote - t will allow anyone to become a web host and earn Substratum’s own cryptocurrency while the user is hosting.

Claim

A very impressive approach, disruptive and an alternative to cloud hosting data centres planted around the world. Not critical enough from the perspective of the user - most liabilities associated with hosting then lies primarily with the user, such as maintenance of hosting servers, ensuring no power failure. How will substratum ensure users fulfil their part? Is substratum indeed allowing anyone to be a web host or creating a selective measures to recruit users? This is crucial to the success of the idea otherwise the promise of no network downtime 3.3 will not be fulfilled.

Imagine a browser makes a request, the substratum network captures the request, geo-location and with Machine learning routes the request to the node nearest to the browser. The computer at he node presents the appropriate page to the browser but then an unforeseen circumstance happened - power outage on the computer, probably due to a kid playing tampering with electric circuits or a malicious software affects the computer. This inadvertently will cause a downtime. Is substratum providing ways to reroute a request to a new node in case of unforeseen circumstance like this?252eb056a5e96f48389a9fabfade87b1
damexixdamexix Reputation: 50
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Automatic Claim Number - cla1554452374

Quote - The primary issue with web hosting in its current form is that is incredibly expensive! It can cost upwards thousands of dollars per month solely to host the site files—this doesn’t include any maintenance costs or additional security. This makes it incredibly difficult for small or medium sized businesses to have a strong web presence without incurring significant costs.

Claim

The cost is not applicable to all range of businesses only few. Few that have scaled complex web applications with larger amount of users. It also does not take into consideration that organisations are also looking for cost cutting measures. Why should a small business use a dedicated server space to host a website, that does not have complex functionalities but serve as information page and not a shared space. Most SMEs I have worked with pay very less amount relatively hosting their website. Therefore no significant cost is incurred.
Secondly enterprise businesses who have on-premise servers may host their files on those servers, hence not making use of third party services. Those servers also serve other functionalities such as networking, hence the cost segment of web hosting amongst the use of these on-premise servers is minimal.

Effort should be made to be assertive about the specific business audience (those who incur significant cost) this technology applies to.35ba316b3133d7c0a57ce5eb8dcdd0aa
damexixdamexix Reputation: 50
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Automatic Claim Number - cla1554453923

Quote - Substratum aims to resolve these common issues in the following ways: !6 1. Drastically reducing hosting costs through peer-to-peer hosting that is billed per request through micro-transactions. This means that you will only be billed when people go to your site as opposed to per minute or hour like AWS and other cloud hosting platforms.

Claim

Efforts are made to have competitive advantage only on one type of hosting (VPS) and not cloud hosting. The paper speaks more of the disadvantages of VPS and provides solutions to these advantages. For example, the resolutions 3.1,3.2, 3.3 are only applicable to VPS and have been implemented by incumbent cloud hosting companies.

3.1 In cloud hosting you only pay for the resources you use, not by the traffic request see - (https://azure.microsoft.com/en-us/pricing/details/app-service/windows) . Moreover, the resolution does not provide a low cost in all cases. Consider a site that is using ads to draw traffic to the site. Hence, the more traffic drawn to the site, the higher the bill. Cloud hosting provides a better solution in this case.

3.2 cloud hosting companies have the capabilities and provide more sophisticated approach to serving millions of sites. For instance, the use of application gateways to route traffic to a specific endpoint, traffic managers to route traffic automatically to other available and closest endpoints.

3.3 cloud hosting companies have data centres built around the world, therefore ensuring better uptimes experience

In summary, full qualitative assessment of competitors and therefore the resolutions do not provide a competitive advantage4a1a74f165f239067233ec510fd8929e
DNXDNX Reputation: 14
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Some might be skeptical about Substratum, but apparently not everyone. It is trading 37% higher than last week.

https://highlightpress.com/2019/04/09/substratum-trading-up-36-9-over-last-week-sub.html

13c103d27ed9ebe01ab560097cd14b17
JacklmmmerJacklmmmer Reputation: 1
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And SUB market cap has doubled in the last month. The coin took a big hit in February but seems to be coming back really strong.

6d6af75899a84d20be407674c743caac
THE JUDGE!!!!!!THE JUDGE!!!!!! Reputation: 0
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Opinion #53: An opinion has been issued in Automatic Claim Number - cla1552581174.

It was decided to release 9% of the funds. The jury voted in their opinion to release an average of 16% of the bounty and a median of 9% of the bounty.

Please see below for the opinion of the jury:
  • Opinion #1 - Claim accepted. The facts are incorrect.
  • Opinion #2 - the link to AWS lambda is only a small subset of AWS functionality, more of an exception than the rule
  • Opinion #3 - Agree with claim as explained by bounty hunter

Claim: This statement is wrong as with AWS and with most cloud hosting platforms you are already only billed when someone go to your site and execute a request (see example WAS Lambda princing system https://aws.amazon.com/lambda/pricing/). Your billed is then calculated based both on data and time required to execute query. Also some cloud hosting platforms already propose a per data usage billing (and not per minute), see Closte for example: https://closte.com/pricing

Highlight: Drastically reducing hosting costs through peer-to-peer hosting that is billed per request through micro-transactions. This means that you will only be billed when people go to your site as opposed to per minute or hour like AWS and other cloud hosting platforms.

103a5640e23175c7462b1b2fecb446fc
THE JUDGE!!!!!!THE JUDGE!!!!!! Reputation: 0
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Opinion #54: An opinion has been issued in Automatic Claim Number - cla1552412007.

It was decided to release 0% of the funds. The jury voted in their opinion to release an average of 0% of the bounty and a median of 0% of the bounty.

Please see below for the opinion of the jury:
  • Opinion #1 - At the time the whitepaper was written, there is no reason to believe that they did not intended to hedge as stated. It appears that they changed their hedging strategy after their ICO. Companies are entitled to change strategies as they encounter real-world conditions. There is no credible evidence to support the idea that the whitepaper was intentionally deceptive.
  • Opinion #2 - There is definitely a discrepancy in the amount of crypto currency they claim to have. However, the bounty hunter highlighted a quote that doesn't really have to do with the claim. Therefore, no bounty is awarded.
  • Opinion #3 - Although it is true that Ripple and Litecoin aren't mentioned, I do not see a correlation to the claim. Therefore, no bounty should be released

Claim: According to this article, the CEO is now saying that there is XRP and LTC "in cold storage". Here is a link: https://reactcrypto.net/justin-tabb-clears-up-substratum-shortcomings/ This quote is contained in the answer to the very first question: "we still have roughly half the Ethereum that we raised during the ICO and nearly all of the Ripple and LiteCoin we raised are still stored in Cold Storage." – Justin Tabb The whitepaper says the ICO funds will be hedged in Ethereum, BTC, USDT, USD Fiat... there is no mention of Ripple and Litecoin.

Highlight: To ensure the development fund is not subject to big market fluctuations, we're hedging it four ways. By doing this we ensure we have the capital needed to finish each phase of the project budgeted for in the Initial Coin Offering (ICO). Ethereum (25%) BitCoin (25%) USDT (25%) USD Fiat (25%)

9f27e0cf8bf0e9a8b23f5d0a7d905c86
THE JUDGE!!!!!!THE JUDGE!!!!!! Reputation: 0
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Opinion #55: An opinion has been issued in Automatic Claim Number - cla1553012516.

It was decided to release 0% of the funds. The jury voted in their opinion to release an average of 0% of the bounty and a median of 0% of the bounty.

Please see below for the opinion of the jury:
  • Opinion #1 - of course nothing is 100% secure, the statements are consistent with launching a new technology and do not read as misleading
  • Opinion #2 - It says secure based on cryptography. Not enough evidence is given to support bounty hunter claim
  • Opinion #3 - So they can deliver secure content but according to the claim, because there is a possibility of hacking, their statement of delivering secure content is not true? This is a claim which should have been worked on more, I do not see a reason as to why the claim can be true.

Claim: Substratum network is made of nodes-networks of peer to peer computers which can deliver secure content anywhere using industry-leading cryptography. The statement is misleading because no information in peer to peer computers which cannot be hacked.Therefore, the substratum network is not secure as claimed by the statement.

Highlight: he Substratum Network is made up of nodes—networks of peer-to-peer computers—who then can deliver secure content anywhere using industry-leading cryptography, effectively ending the need for VPNs and Tor.

709c8aa9696c0e4011e5505c843008f3
THE JUDGE!!!!!!THE JUDGE!!!!!! Reputation: 0
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Opinion #56: An opinion has been issued in Automatic Claim Number - cla1553851021.

It was decided to release 0% of the funds. The jury voted in their opinion to release an average of 1% of the bounty and a median of 0% of the bounty.

Please see below for the opinion of the jury:
  • Opinion #1 - This is not a claim, just questions.
  • Opinion #2 - all new businesses come with risk, the questions raised are indeed valid points but do not point to dishonesty or malfeasance.
  • Opinion #3 - This is a very good question for the discussion, but not a claim

Claim: A very impressive approach, disruptive and an alternative to cloud hosting data centres planted around the world. Not critical enough from the perspective of the user - most liabilities associated with hosting then lies primarily with the user, such as maintenance of hosting servers, ensuring no power failure. How will substratum ensure users fulfil their part? Is substratum indeed allowing anyone to be a web host or creating a selective measures to recruit users? This is crucial to the success of the idea otherwise the promise of no network downtime 3.3 will not be fulfilled. Imagine a browser makes a request, the substratum network captures the request, geo-location and with Machine learning routes the request to the node nearest to the browser. The computer at he node presents the appropriate page to the browser but then an unforeseen circumstance happened - power outage on the computer, probably due to a kid playing tampering with electric circuits or a malicious software affects the computer. This inadvertently will cause a downtime. Is substratum providing ways to reroute a request to a new node in case of unforeseen circumstance like this?

Highlight: t will allow anyone to become a web host and earn Substratum’s own cryptocurrency while the user is hosting.

d9e2e8b5f4b4bbbad9db1f34cd457a6d
THE JUDGE!!!!!!THE JUDGE!!!!!! Reputation: 0
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Opinion #57: An opinion has been issued in Automatic Claim Number - cla1554452374.

It was decided to release 2% of the funds. The jury voted in their opinion to release an average of 14% of the bounty and a median of 2% of the bounty.

Please see below for the opinion of the jury:
  • Opinion #1 - its a bit of hyperbole that web hosting is so expense for small companies, i agree that a small bounty should be given and clarity be given
  • Opinion #2 - This is a good comment, which should be posted on this whitepapers page as a comment so that others could discuss. It is clearly not a claim.
  • Opinion #3 - It seems very much as an exaggeration. Most business don't pay large amounts. Hence I agree with claim

Claim: The cost is not applicable to all range of businesses only few. Few that have scaled complex web applications with larger amount of users. It also does not take into consideration that organisations are also looking for cost cutting measures. Why should a small business use a dedicated server space to host a website, that does not have complex functionalities but serve as information page and not a shared space. Most SMEs I have worked with pay very less amount relatively hosting their website. Therefore no significant cost is incurred. Secondly enterprise businesses who have on-premise servers may host their files on those servers, hence not making use of third party services. Those servers also serve other functionalities such as networking, hence the cost segment of web hosting amongst the use of these on-premise servers is minimal. Effort should be made to be assertive about the specific business audience (those who incur significant cost) this technology applies to.

Highlight: The primary issue with web hosting in its current form is that is incredibly expensive! It can cost upwards thousands of dollars per month solely to host the site files—this doesn’t include any maintenance costs or additional security. This makes it incredibly difficult for small or medium sized businesses to have a strong web presence without incurring significant costs.

98f72cc1725c3c5efb507e738ec6c19d
THE JUDGE!!!!!!THE JUDGE!!!!!! Reputation: 0
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Send Message
Opinion #58: An opinion has been issued in Automatic Claim Number - cla1554453923.

It was decided to release 0% of the funds. The jury voted in their opinion to release an average of 0% of the bounty and a median of 0% of the bounty.

Please see below for the opinion of the jury:
  • Opinion #1 - The claim is a knowledgeable and very well thought out, but it can best be described as an evalution of the quality of Substratum's product. There is no evidence or compelling argument made presented that demonstrates that the whitepaper is deceptive or misleading with intent.
  • Opinion #2 - these are valid reasons not to use this service but not misleading parts of a business plan
  • Opinion #3 - reading through the claim, I determined that it isn't one. its just a statement

Claim: Efforts are made to have competitive advantage only on one type of hosting (VPS) and not cloud hosting. The paper speaks more of the disadvantages of VPS and provides solutions to these advantages. For example, the resolutions 3.1,3.2, 3.3 are only applicable to VPS and have been implemented by incumbent cloud hosting companies. 3.1 In cloud hosting you only pay for the resources you use, not by the traffic request see - (https://azure.microsoft.com/en-us/pricing/details/app-service/windows) . Moreover, the resolution does not provide a low cost in all cases. Consider a site that is using ads to draw traffic to the site. Hence, the more traffic drawn to the site, the higher the bill. Cloud hosting provides a better solution in this case. 3.2 cloud hosting companies have the capabilities and provide more sophisticated approach to serving millions of sites. For instance, the use of application gateways to route traffic to a specific endpoint, traffic managers to route traffic automatically to other available and closest endpoints. 3.3 cloud hosting companies have data centres built around the world, therefore ensuring better uptimes experience In summary, full qualitative assessment of competitors and therefore the resolutions do not provide a competitive advantage

Highlight: Substratum aims to resolve these common issues in the following ways: !6 1. Drastically reducing hosting costs through peer-to-peer hosting that is billed per request through micro-transactions. This means that you will only be billed when people go to your site as opposed to per minute or hour like AWS and other cloud hosting platforms.

9bd3b51d47ae5c4ce62b0b9bff79d585

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