FAQs will be updated according to changes, and as new information is released by the team. If anything here is not accurate, please let us know in a respectful manner.
What is SubstratumNode and SubstratumHost? SubstratumHost is used by website owners to manage their domain, files, databases, users, pay hosting fees etc. This is what enables a site owner to run their website through the substratum network. SubstratumNode is what the average user will run to earn SUB and dedicate some of their computers' resources towards the network. This also gives the node operator access to any restricted sites which are not running on the network through their "vpn-less VPN" system. This will massively help with overall adoption.
What do I need to access sites on the network? Absolutely nothing. If a site owner decides to host their site through the network then you will be able to access that site without any additional software, just stick the URL into your favourite browser and the decentralised site will load. If you wish to access any website (region restricted or not) anonymously and it's not hosted through the substratum network then you will be required to run the substratumNode software. This routes all your web traffic through the network, allowing access to the restricted sites for free while paying you for routing traffic.
How do I store the SUB token? Due to SUB being an ERC20 token, it can be stored in any Ethereum address. In general, MyEtherWallet is recommended for storing SUB and other ERC20 tokens; just send the SUB to your ETH address then load the token on the right side of your MyEtherWallet wallet to view your SUB. This also means you can store SUB on a ledger/trezor hardware wallet.
Does the network run on the Ethereum blockchain? No. Only the SUB token used for payouts runs on the ETH blockchain, all details of what node contains specific site fragments and information on how sites should be loaded will be stored on a separate individual blockchain.
How do I mine/stake SUB tokens? You don't. There is no mining in the traditional sense; total supply isn't going to be increasing. You earn SUB by being a node and providing access to sites on the network. This SUB comes directly from the website owners who will purchase it and use it to pay for hosting on the network. Price will go up over time with supply/demand; more websites = more demand for the token. Should the market ever reach 90% saturation, the network will create 10% additional tokens and separate them into an account that is only used to fuel the network. These will not hit the exchanges and will only be available for transactions within the network.
What sort of computer will I need to run a node? No one knows the full answer to this till the beta is complete as that will help the team determine minimum system requirements for the network. What we do know is; Upload speed will be one of the most important factors. Apart from that, a mid-end CPU will likely be of use and a reasonable amount of RAM. Hosting a node will not be GPU intensive.
When is bitrex coming? The team is under NDA regarding this and we will likely not hear anything until it happens. One of bitrex's requirements is open source so we will not see it listed till that comes first.
Is there a coin burn coming? Yes, the team has already burned 120M tokens shortly after the ICO (into this address), there will be another token burn after the bitrex listing. We are not sure of the number of coins that will be burned yet, rumours are 60M-120M coins. This comes from the total supply, not circulating supply.
Whats with the project being closed source/can I see a github repo? Here you go!
What will be the price of SUB in x months/days/years 296 Gazillion Dollars.... seriously though, anyone giving a price is just purely guessing. Do your own research if you are looking at investing.
What's stopping an ISP from blocking Substratum hosted sites? Due to the distributed nature of Substratum, in order to block a site the ISP would have to blanket ban all internet users in an area and leave limited access to government facilities or public service locations that need internet access (..this is extreme and if it happens it's because your country is probably in a war; blanket internet bans basically stop a lot of local commerce from happening. People working at pc from work or home, internet phone lines, chain stores, anything that uses cloud computing, or server side computing that relays data remotely, including credit processors, with some exceptions; offline transactions are possible but have their own set of issues, would all be blocked.) This reason for such drastic measures being required to block a substratum hosted site is due to the fact that substratum traffic simply looks like standard http web traffic so the ISP has no clue if you are running a node or just uploading a file to a website. Ontop of this the nodes hosting a specific site are constantly changing and no single node contains a whole file for any site. And the icing on the cake, multiple nodes are required to serve a single request with no single node knowing the full route path. This means that if the ISP did block the first node in the path, there would still be multiple more nodes behind that still ready to serve the request.
Cant ISP's just block access to the site proving the node software? http://substratum.net will provide access to the node software, this site will also be hosted on the network meaning that, assuming everything works, ISP's cant block access to the site and therefore cant prevent people downloading the software.
Is my site data secure? Yes, no single node will contain a whole file for your website and all files are encrypted preventing tampering.
How will substratum ensure there are enough nodes for larger sites? As more sites, and larger sites, start to host on the substratum network, payouts will increase due to increased demand. This will naturally bring in more users hosting nodes to get a part of the profits thus making up for the increased demand and keeping the network stable.
What about illegal content being hosted on the network? The network will have some sort of user governance system letting users vote to get highly illegal content removed if the majority agree. We do not have a whole lot of detail on the workings of this system as of yet.
What is CryptoPay? Cryptopay is a decentralized application being developed by the Substratum team which will run on top of the Substratum Network. This is a payment gateway which website owners will add to their site in order to accept payments through any publically traded cryptocurrency. The site owner can choose to be paid in USD/EURO etc and cryptopay will automatically convert any crypto into their desired currency using SUB as a middleman currency. More detail can be found here.
If you don't like reading and videos are your thing:
Thank you /u/Mike54637 for helping out with this list! It is much appreciated!
Usually a lurker on this Sub, i have a decent investment in Sub. Quite happy with the projects progress thus far.
We have multiple projects that are working towards similar goals as Sub. Keyword similar.
Skycoin will not kill Sub, its a different project with different goals. Sub is working to make the current infrastructure more secure for end users and to attempt to decrease and remove censorship where possible. Its working within an existing environment that will not be replaced by a decentralized internet anytime soon. That is a massive plus for Substratum.
Skycoin looks to create a decentralized internet, So does Tronix. Will Skycoin kill Tronix?, no as the projects goals are still different. Maidsafe also have unique goals are are different to Sub, Trx, Sky. They overlap in vision but not execution.
What will damage Substratum?, we will. Because instead of focusing on the progress of the project and the future development we are now lending credence to the claims of people that are posting here purely to shake you down.
And they picked the ideal time to do this. We are riding the trend line on the 1D chart. If people take them at face value, dump or change ship we will break that trend-line support. It will take some time for the value to recover from such an event.
User sentiment is important from an investors point of view, the sub is still small at 13,000 but if people come here to research and see posts stating X coin is going to kill us. They will shy away.
But Substatum will continue to make progress and long term we will be sitting happy with a solid product and Sub will be worth a nice chunk of change, its early days and development is strong.
We need the mods to remove posts blatantly shilling other projects on the sub for a start. There is a difference between a post comparing projects to better understand the difference, debating its functionality. To post purely shilling and undermining Substratum purely to incite FUD.
I am not suggesting complete censorship, if there was a post stating the pro's and con's of both projects and where the similarities overlap i would not have an issue with it. Posts stating Sub is about to be killed etc with four lines citing doom and gloom need to be moderated.
Anyhow, rant over.
SubstratumNetwork is a strong project. Our community needs to be resilient to outside influence and manipulation.
Moderators need to step it up a notch. Remove unproductive targeted FUD posts.
We need to moderate our own responses to these posts. Don't pour gasoline on the fire. In other words do not give them what they want.
Do not blindly follow fud like this. This happens to all projects when they start to make waves and other communities start to feel threatened.
Best Regards Joe
I really think it would be helpful if the Sub team released see rough numbers for the earning equation.
I am moving soon and I have the opportunity to get 25 Mbps upload speed (not a lot but better then cable , or cable internet and I need to decide if the extra upload speed is worth sacrificing on download .
Also I need to know what kind of holding numbers can make a decent amount of money , how much sub do I need ?
Great time to accumulate , just wondering where I stand .
I don’t get it, pretty big volume dip and dropping in market rank each day. Why though? These are one of those tokens where even if good news happens it barely does anything at all. Why should I hold it if it performs poorly?
For folks that don't have Twitter, here are some 0.4.0 and 0.5.0 updates from Dan and BJ. Don't be afraid to tweet them either. This dev team seems to LOVE interacting with the community throughout the week (such as FOUR live Q&As per week)
Jon and I are getting started on a series of cards that will give us a dynamic, virtual multi-Node environment for manual and automated integration testing. Decentralization, we're comin' for ya!
There was a question about staking SUB: The dev team has started technical conversations for the monetization work on the horizon (beyond decentralization happening now). I think we need a combination of proof of stake (to consume) and a proof of work (to earn). More to come!
We will have much more clarity on our monetization approach from the analysis work performed prior to performing the work post decentralization and neighborhood establishment. We will keep you all in the loop!
A lot of great stuff on the horizon!
Is this not a problem ? I think substratum should join forces with Remme which is working on a passwordless autentication. Would be awesome to se them work together
An essential question has been on my mind for a while. I'm aware that the primary goal of Substratum is to facilitate sharing of files as well as website hosting, which is of course the most important functionality we currently require. However I would like to know how well it can handle other uses of data hosting and alternative forms of transmission. The ones I'm explicitly curious about are the following:
The Substratum Network fully decentralizes the web, allowing anyone with its Open Source software to be paid to host websites and serve requests.