Threefold AMA Recap

Threefold AMA Recap
Threefold AMA Recap
Myko (CryptoDiffer)
Hello, everyone!😁 We are glad to meet here: Weynand Kuijpers, co-founder, Benjelloun Oussama, lead blockchain ecosystem Maximilian Rang, Business Development
Hey everybody! happy to connect!
Benjelloun Oussama
Benjelloun Oussama
Hello everyone, happy to be here🙌
Maximilian Rang
Maximilian Rang
Helllo - hope you are all well 🚀
Weynand Kuijpers
Weynand Kuijpers
Threefold AMA Recap
Myko (CryptoDiffer)
Welcome Maximilian, Benjelloun and Weynand, thank you for taking your time today Our team has prepared 3 questions for you to start with
great, cant wait
Maximilian Rang
Maximilian Rang
Threefold AMA Recap
Myko (CryptoDiffer)
let's roll Let`s start with the introduction ! Q1: Can you introduce yourself to our community?
Absolutely! friends and family call me Benje, born and raised in morocco, and made in different parts of the world, and in terms of work if you're interested, I take care of the Blockchain ecosystem - Onboarding Blockchain protocols and dApps to use our decentralized cloud - really exciting stuff!
Benjelloun Oussama
Benjelloun Oussama
Sure - love to. Weynand, made in the Netherlands, trained rocket scientist ended up in building the first parts of the internet a long time ago. Now pushing to bring it back to be a peoples internet, and not a FAMGA governed internet. Looking forward to inspire you all!
Weynand Kuijpers
Weynand Kuijpers
I learned about BTC in 2011 and from there believed in the potential of decentralization. Background as Creative Director for major brands like Audi and Porsche, full time crypto since 2017. Proud to be a part of the ThreeFold movement, to bring us back ownership to our digital lives!
Maximilian Rang
Maximilian Rang
Threefold AMA Recap
Myko (CryptoDiffer)
Seems like you are seriously inspired Super, let's move on to the project itself Q2: Can you introduce Threefold to us?
The idea is to provide a decentralized foundation of the internet. Today, everything runs on huge, centralized providers like AWS. 1. Since Edward Snowden told the world, we know that these providers abuse their power to facilitate espionage and theft of data. 2. These providers have shown that they are ready to shut down and censor services, like in the cast of Parler. 3. Sometimes these datacenters face outages or burn down completely. This just happened a few months ago in France.
Maximilian Rang
Maximilian Rang
so in a nutshell! we built the largest decentralized cloud, comprised of decentralized storage, compute, and networking - a full blown cloud that is totally peer-to-peer, powered by people. we enable any web2 or web3 app ( Blockchain-base, such as DeFi, NFT apps etc..)literally any kind of linux app, ( or any containerized app) to utilize our decentralized cloud capacity and escape the monopolies of cloud providers
Benjelloun Oussama
Benjelloun Oussama
ThreeFold is a movement of people that want to bring the internet back to it's original purpose: by people for people. To make that work we have a stack of technology that allows you to create compute and storage generators (like solar panels) for compute. All of this is tied together where the capacity generators create tokens ("proof of capcity") and these token are the means to consume the capacity. We are 100% backwards compatible with all standard IT solution s and want to bring this forward to present decentralised capacity next to the centralised (and dominant clouds)
Weynand Kuijpers
Weynand Kuijpers
Threefold AMA Recap
Myko (CryptoDiffer)
Woah! that's a nice explanation, thanks! our last question before community part will be about goals Q3: Let`s now talk about the milestones you have achieved so far and about your upcoming plans?
We're very close to become a alternative platform for many layer-1 blockchain protocols - allowing them to escape the large datacenters and monopolists. From the technical perspective: approx 1000 nodes out there, 14k CPU cores, and 80PetaByte os storage capacity.
Weynand Kuijpers
Weynand Kuijpers
ThreeFold is a big project with 65 team members total, building over 4 years. Our founding team is building cloud since the 90s, coming from 5 exits. All that experience is going into the ThreeFold movement and the associated technology.
Maximilian Rang
Maximilian Rang
in terms of milestones from a partner perspective - we have built one of the largest blockchain protocol ecosystems in the space, from Blockchain protocols to dApps building ton top of them : to name a few of them, Casper Labs, ( we're very close with Medha the CTO) Polygon/matic, Digibyte ( we're very close with Rudy, the vicechairman), TomoChain, Neo, Dash, Presearch, Skale Labs, Harmony , and many more
Benjelloun Oussama
Benjelloun Oussama
We are inflight to have a couple of throusand modes more in the next weeks as some infuencers have started to post videos on how simple farming is (our mining) and that the token is undervalued.
Weynand Kuijpers
Weynand Kuijpers
We just received 6000 pre-orders for hardware over the course of the last week, the grid is growing rapidly in size
Maximilian Rang
Maximilian Rang
And some major Enterrprises are looiking at shitfing there workloads from the major cloud providers to inhouse and public TF capacity.
Weynand Kuijpers
Weynand Kuijpers
they all have on thing in common : they want to utilize our decentalized cloud capacity to enable their developer community to deploy their nodes in a few clicks and in a decentralized infrastructure, and to power their dApp developers with our cloud capacity, that is more autonomous, distirbuted, private and cost-effective that the likes of AWS, Azure, etc..
Benjelloun Oussama
Benjelloun Oussama
Threefold AMA Recap
Myko (CryptoDiffer)
thank you for such a detailed answer!
more info on our partners here: https://threefold.io/partners
Benjelloun Oussama
Benjelloun Oussama
more info on farming here: https://farming.threefold.io/
Maximilian Rang
Maximilian Rang
Threefold AMA Recap
Cryptodiffer Community
Back in May, I came across a write up that talks about the plan of Threefold collaborating with Digibite to bring about a real world application for the $TFT token. Could you please shed more light on this? Has the collaboration been made and what real world application should we be expecting from it?
Good question. We are viciously working on this behind the scenes. Anticipate something for q3 and stay posted on TF and DGB social channels https://twitter.com/threefold_io
Maximilian Rang
Maximilian Rang
Threefold AMA Recap
Cryptodiffer Community
@BenjeOuss @maximilianrang Why do you prefer to go by the name *THREEFOLD* 👉WHAT COMPETITIVE ADVANTAGES ARE USERS GETTING USING THIS PROJECT. HOW DO WE KNOW WE ARE SAFE AND SECURED. IS YOUR SMART CONTRACT AUDITED. ????
great question, the name ThreeFold was chosen by our founder as our infrastructure provides the three main layers of a full blown cloud, in terms of security: we have designed probably one of the most secured and private cloud infrastucure, and the magic comes from our in-house OS ( operating system) - the ZeroOS, that makes every piece of hardware totally stateless, wit focus on data and workload privacy . Our type of smart contract is different than the rest, as we built a smart-contract for IT that is native to our protocol make sure to follow us here for more info: https://twitter.com/threefold_io
Benjelloun Oussama
Benjelloun Oussama
Threefold AMA Recap
Cryptodiffer Community
The major problem preventing global internet acess is that no project wants to build data centers in remote locations probably due to security and lack of reliable sufficient power resources . How will ThreeFold be able to overcome these challenges and do you think the ThreeFold Grid will be able to provide internet capacity in remote locations?
Very true - none of the market leader have built datacenter in remote locations becasue it is difficult. We have taken the approaoch to built the technogy from the ground up - stepping over many of the problems in traditional stacks. For exmaple, no login possible to devices, the devices "learn" from a blockchain what they needs to be doing. The blockchain contains all information about all workloads for every device which means a 100% accurate history of what needs to run (or be stored) anywhere. No people are required to start, stop, maintain or do anything operationaly. That's how you can built an autonomous, secure and performing system. Last by no least - we do exist in DC's but prefer to exist in schools, universities, telephone masts, city halls, malls, everyhwere but a DC.
Weynand Kuijpers
Weynand Kuijpers
Threefold AMA Recap
Cryptodiffer Community
The fact that $TFT has a max supply of 4B worries me alot, in the event that the 4B max supply is reach, won't the token become useless or how do you intend to drive value to the TFT token so that investors don't just hold a worthless token in the long-term?
at the moment, there is only a supply of about 800m TFT, and only few of them are actually tradable. https://wiki.threefold.io/#/threefold__token_overview With increasing demand for deployments on the ThreeFold Grid, the demand for TFT will increase. A large part of the payments for this capacity will be burnt, and at a certain ratio of utilization, the overall supply will increase. So the situation for TFT will be deflational in the end.
Maximilian Rang
Maximilian Rang
great question, so every TFT is backed by an actual cloud unit - all TFTs in circulation have been minted when cloud capacity has been added - we call it proof of capacity more info here https://threefold.io/token
Benjelloun Oussama
Benjelloun Oussama
Threefold AMA Recap
Cryptodiffer Community
☘️how can I get $TFT? can I Buy TFT using a VISA card? what should I hold this token? is there any benefit in long term?
you can easily get TFTs here: 🥞 TFT on PancakeSwap 🛒 Other Ways to Buy TFT
Benjelloun Oussama
Benjelloun Oussama
Threefold AMA Recap
Cryptodiffer Community
❇️ Could you explain what are the main use cases of $TFT token within the THREEFOLD ecosystem? Does it really have value from an investor's point of view? Do you have mechanisms to increase its demand?
Yes, TFT is used to pay for the utilization of capacity for the ThreeFold Grid. A large part of that payment gets burned, leading to increased scarcity of TFT over time.
Maximilian Rang
Maximilian Rang
Threefold AMA Recap
Cryptodiffer Community
✅ Why do you think Zero OS is really the right OS to build the internet accessible to all? Also it is not as well known as others, can't this be a major barrier to entry by not having enough developers?
Zero-OS is out take on building a secure OS. No logins, (physical and network) no way to enrter the OS - all activity is outboud (prvisioning watcher reading what it needs to do in an operational blockchain). The kernel itself is Linux, we use a Linux kernerl because it supports most hardware peripheals and runs almost any application. No need to reinvent that, it's just everything around the kernel which has been hardened.
Weynand Kuijpers
Weynand Kuijpers
Threefold AMA Recap
Cryptodiffer Community
Which one of these aspects important for you? 1-Increasing Token Price&Value 2-Empowering Platform Development 3-Building Community Trust 4-Expanding Partnership Globally In what order?
as of now, the most important thing for us is to grow the grid ( the cloud capacity) and empowering platform development that are building on top of us, Partnerships and token price generally follow along when good use cases are being built
Benjelloun Oussama
Benjelloun Oussama
Threefold AMA Recap
Cryptodiffer Community
✅Q) Binance smart Chain blockchain is having high transaction speed and cheap gas fees, Are you planning to launch in this your mainet or switch to other blockchains in the future?
TFT is already bridged to BSC. Please check the instructions and the correct smart contract here: https://wiki.threefold.io/#/threefold__tft_binance_defi
Maximilian Rang
Maximilian Rang
Threefold AMA Recap
Cryptodiffer Community
Who is already a ThreeFold customer? How do they rate ThreeFold ?
a lot of enterprises are utilizing the ThreeFold cloud, a lot of them you would know already, such as Polygon/Matic, digibyte, Harmomy, Casper Labs, TomoChain, Neo, Dash, and many many more
Benjelloun Oussama
Benjelloun Oussama
Threefold AMA Recap
Cryptodiffer Community
What is your plan for expansion of ThreeFold? Do you plan to expand to Southeast Asia?
definitely! we welcome all any individuals to our network: anyone can become a farmer ( providing capacity by plugging in hardware with our OS), and any kind of developers to build on top of us. SEA is definitely one region we would like to expand to, and we're looking into, if you're from there, join our community and we can chat
Benjelloun Oussama
Benjelloun Oussama
Threefold AMA Recap
Cryptodiffer Community
How easy is it to create a virtual data center on top of ThreeFold Grid? Would TFT be compulsory? If you don't mind walking us through the procedure or steps to follow?
Very easy. You can carve you own virtual private DC based in a private netwotk out of the mesh. We have a digital system administrator that is your single tenant provisioning platform (3bot) which has secure access (priv / pub key pair and 2FA authentication through phone app). from this secure launch platform you can "reserver" capacity on any of the 3nodes (boxes) out there and connect them together with private, encrypted secure networking IPv4/6. You can create ingress and egress points to your network where you want / open to the internet os secured by VPN
Weynand Kuijpers
Weynand Kuijpers
Threefold AMA Recap
Cryptodiffer Community
Security, scalability and data security are three very important aspects at the enterprise level, how does the Your project handle these issues?
The level of security and data security for deployments on the ThreeFold grid is much higher then on regular cloud capacity. Our operating system ZeroOS doesnt allow for mouse or keyboard input, so the host as no access to the data. Plus its stored only in fractions, so an attacker would need to be in multiple locations at once, with the decryption key and still have to find his way into the hardware. The ThreeFold Grid is built to scale into infinity, as long as there is enough demand.
Maximilian Rang
Maximilian Rang
you can join here: https://t.me/threefold
Benjelloun Oussama
Benjelloun Oussama
Threefold AMA Recap
Cryptodiffer Community
If I want to invest in project ThreeFold, how do I track that project on a daily or weekly basis, do you have a team in the same project that I plan to invest in?
make sure to follow our twitter https://twitter.com/threefold_io and join our telegram https://t.me/threefold For equity investments in TF tech, please reach out to me directly or one of the admins in our channel.
Maximilian Rang
Maximilian Rang
Threefold AMA Recap
Cryptodiffer Community
How is the maintenance of the ThreeFold Grid done and who is responsible for this? Since the grid has over 600 servers and over 16,000 CPU cores worldwide, how cost effective do you think it will be for the team to maintain the Threefold Grid?
Maintenance (hardware) is the onwers obligation. Owners might have as little as one node (any piece of hardware will do) which make mainteance the same as for you laptop. Other might have a bigger setup and they ususally know what do to (like DC's). For software - we have made it autonomous and stateless. None of the software (OS included) is installed on local disks - everything is loadred (in a smart and efficient) way at boot time (protected by has checking to make it safe to man in the middle attacks). So - as much as we can get it people maintenance free.
Weynand Kuijpers
Weynand Kuijpers
Threefold AMA Recap
Cryptodiffer Community
NFT is really trending topic now in the market. So, how do Your project plan to onboard the development of NFTs and how do Your project plan to combine it with DeFi?
great question, we're working with many NFT projects at the moment to help them store their NFTs, and most importantly, to enable their users to store their NFTs in a decentralized storage environment, very resilient to any kind of outages. Making it the perfect way to store NFTs. ( same thing with that IPFS is doing) but we do it in a better way for more info: 🌎 Website 🗞 Telegram News 💬 Telegram Chat 📹 Intro Video 🥞 TFT on PancakeSwap 🛒 Other Ways to Buy TFT
Benjelloun Oussama
Benjelloun Oussama
Threefold AMA Recap
Cryptodiffer Community
Does the #ThreeFold project have an ambassador vacancy program for each country to represent the #ThreeFold community and how can I register and what are the requirements?
of course, here are our current ambassadors: https://www.threefold.io/people/memberships/ambassadors/ reach out on our forum if you want to be a part. https://forum.threefold.io/
Maximilian Rang
Maximilian Rang
yes, we're very confident about that, as we have attracted many private investors that have chosen us to represent the future of cloud computing
Benjelloun Oussama
Benjelloun Oussama
Threefold AMA Recap
Cryptodiffer Community
Are you confident ThreeFold is the best defi platform? Which partners do you cooperate with for development?
so there is not going to be one platform, but multiple platforms all connected from different layers. ThreeFold is literally the lowest layer in the IT stack, anything can be built on top of us, and anything can be connected to our capacity. That is the beauty of our architecture
Benjelloun Oussama
Benjelloun Oussama
The problem with NFTs is that the digital asset (like image or video) that is the actual art or collectible is stored on regular capacity from big cloud providers. If it gets taken offline, the NFT is useless. That is not decentralized at all. If you store those digital assets on the ThreeFold Grid, they are decentralized, secure and no one can delete them!!!
Maximilian Rang
Maximilian Rang
check it out here more info for developers: cloud.threefold.io
Benjelloun Oussama
Benjelloun Oussama
Threefold AMA Recap
Cryptodiffer Community
On the topic of privacy, how does the platform protect teams/individuals from bad actors? For example, hackers looking to exploit algorithm design
The platform works with digital representation if you as an individual. For creating reservations and launching applications you have to find consensus with the "other" digital representars for the farmer (=miner of capacity) and the application creator. These avatars will agree and send money (TFT's) back and forth. After consensus the agreee setup is committed to a BC. Not done yest but coming is a reputation system where bad actions (called out by others) will damage you reputation of our avatar (as it does in real life) and this will keep most of the bad actors out. We cannot guarantee that there will be no bad actors on this grid - just like you will find importerers in the internet today. However we feel we can make it more transparant and a choice from individuals to do checks.
Weynand Kuijpers
Weynand Kuijpers
Threefold AMA Recap
Cryptodiffer Community
Which one of these aspects important for you? 1-Increasing Token Price&Value 2-Empowering Platform Development 3-Building Community Trust 4-Expanding Partnership Globally In what order?
All. of them - maybe not the answer you are looking for but all of them are very relevant and dear to us.
Weynand Kuijpers
Weynand Kuijpers
Threefold AMA Recap
Cryptodiffer Community
Almost 80% investors have just focused on price of token in short term instead of understanding the real value of the project. Can you tell us on motivations and benefits for investors to hold your token in long term?
great question! we are product people more than just shillers we have spent years building and focusing on the core tech before trying to hype things out. We're doing very organically, we're positioned as the largest decentralized cloud in the world, literally, and investors can make their own mind if they want to join our mission. but most importantly, we're working on expanding our network to the edges, and powering as many apps/dApps as possible
Benjelloun Oussama
Benjelloun Oussama
Threefold AMA Recap
Cryptodiffer Community
In the context of the current bear market. What are the challenges you think You will face in 2021 and next year? Could you share with us about Your plan for 2021, such as BD, partnership, development and marketing?
Getting from beta to retail for our deployments is a big part of the current plan. We are also working on an exciting project together with Digitbyte, a real world application for blockchain and decentralized storage that is very needed. Also, stay tuned for announcements around our Blockchain Jukebox, that will enable easy deployments for nodes from our partner blockchains like Casper and MATIC. Follow us on twitter and 🗞 Telegram News 💬 Telegram Chat
Maximilian Rang
Maximilian Rang
Threefold AMA Recap
Cryptodiffer Community
Does the #ThreeFold project have an ambassador vacancy program for each country to represent the #ThreeFold community and how can I register and what are the requirements?
Yes, easiest answer is to send an email to info@threefold.io or visit http://forum.threefold.io
Weynand Kuijpers
Weynand Kuijpers
Threefold AMA Recap
Cryptodiffer Community
If I want to invest in project ThreeFold, how do I track that project on a daily or weekly basis, do you have a team in the same project that I plan to invest in?
make sure to follow us here 🌎 Website 🗞 Telegram News 💬 Telegram Chat 📹 Intro Video 🥞 TFT on PancakeSwap 🛒 Other Ways to Buy TFT
Benjelloun Oussama
Benjelloun Oussama
Threefold AMA Recap
Cryptodiffer Community
Who is eligible to become a miner in the ThreeFold Grid? What will these miners need for mining and how well secured is the ThreeFold Grid?
Some hardware and 45 minutes to get though the process of registering a farm, then download a bootloader and boot the hardware. Pretty easy. Please check the website (or DM me on telegram).
Weynand Kuijpers
Weynand Kuijpers
Threefold AMA Recap
Cryptodiffer Community
How is the situation of the COVID-19 epidemic where you work? How does it affect the course of the project?
as a remote first team and organization, the pandemic did not affect us at all,actually it did boost our expansion and the awareness around ThreeFold, as more businesses and apps are looking to leverage more secure and cost-effective cloud computing
Benjelloun Oussama
Benjelloun Oussama
Threefold AMA Recap
Cryptodiffer Community
Is there a guide or documentation that shows how I can set up a 3Node on ThreeFold? What do I need to do to have access to a 3Node and make an income money from it?
Threefold AMA Recap
Cryptodiffer Community
Are you currently on track to reach all of your 2021 roadmap milestones and which stage are you most excited about?
definitely! a lot of exciting things are happening! more partners are joining us, more investors are getting onboard, and the ThreeFold is growing exponentially, so we're pretty happy, but we still have a lot of work in the pipeline
Benjelloun Oussama
Benjelloun Oussama
Threefold AMA Recap
Cryptodiffer Community
I saw your tweet promoting volunteers teachers for schools in Kakuma Refugee camp ? Are you a donor to this endavours (project Kakuma) and aside this are you partaking in any other humanitarian endavours ? What is ThreeFold doing to promote quality of life for the people in distress ?
It's one of the project we are working very closely with to get the infromation revolution alo happening for the not so lucky ones: here's more infromation: https://www.consciousinternet.org/projects
Weynand Kuijpers
Weynand Kuijpers
Threefold AMA Recap
Cryptodiffer Community
Hello, 1) Do you plan to collabrate with NPOs & NGOs around the globe for increasing the awareness of 3Nodes and farming activities? 2) If yes, will there be any ambassadors for these partnerships?
yes - Solidaridad in the first NGO who we partnerd with 2 years ago, and here is more information: https://www.consciousinternet.org/projects
Weynand Kuijpers
Weynand Kuijpers
Threefold AMA Recap
Cryptodiffer Community
🌼 The truth is that the cost of the 3Node is not really affordable for everyone, especially for Latin American pauses, for this kind of users is there any other way to contribute with ThreeFold?
there is a DIY farming, you can use any hardware that has a CPU and memory on it, and you can connect it to our grid ( even a raspberry Pi can do it) any piece that is intel or AMD, old or new
Benjelloun Oussama
Benjelloun Oussama
Threefold AMA Recap
Cryptodiffer Community
🌻If an user have any questions or trouble with the platform. How is the support? are you avaliable 24/7? where should users go when they have any inconvenience?
yes, you can join our community and we're alwasy here to help https://twitter.com/threefold_io
Benjelloun Oussama
Benjelloun Oussama
Threefold AMA Recap
Cryptodiffer Community
What unique features does Project ThreeFold have that other competitors do not have? between partners and personnel, which is important to you?oject profit now? Does Covid currently affect your project development? That's what I care about ?
Our team is largely decentralized and so far, we only had a couple of cases of Covid. So very little impact. Regarding competition, the ThreeFold Grid is definitely bigger then Akash or Internet Computer when it comes to capacity. Also, the ThreeFold Grid enables deployments via Kubernetes and Docker, something that is not possible for comparable projects. 95% of the current internet is already built with Kubernetes, so migration is really easy. No need to learn and code in a new language from scratch.
Maximilian Rang
Maximilian Rang
Threefold AMA Recap
Cryptodiffer Community
Hi! Do you plan to offer services / products in the future that will help the community?
not sure what you mean here - tools as is user tools to make you digitial life easier - yes - long run we want to have everything you need available in a decentralised way to you: https://freeflownation.org/ If you mean developer tools, yes, we have an SDK (see our repo's and look for js-sdk) and we;re working on our own programming language to make this all possible (vlang, see v/vlang repo on github).
Weynand Kuijpers
Weynand Kuijpers
Threefold AMA Recap
Cryptodiffer Community
What will your project do to attract investors when the current market is unstable?
we keep building amazing products with great use cases - We are bear-proof
Benjelloun Oussama
Benjelloun Oussama
Threefold AMA Recap
Cryptodiffer Community
Is cross-chain in the roadmap? Would be great to split an ethereum nft and be able to commercialize the fractions in other environments
yes definitely! we have recently announced that we're going multi-chain, now on Stellar and BSC, and soon on ETH, and other chains as well
Benjelloun Oussama
Benjelloun Oussama
Threefold AMA Recap
Cryptodiffer Community
Community is the heart of every project. So, as a member of your platform how can I contribute my share to your success?
pleae become part of the telegram group, the forum, let us know wha tyo can do for us and we will find a spot for you. DM if you need more help with that.
Weynand Kuijpers
Weynand Kuijpers
Threefold AMA Recap
Cryptodiffer Community
The rate at which people's data is being exploited behind their back is becoming very alarming. We do not have control over our data again instead the so called centralized data providers are selling out our data to those who are using it to control us. How can Threefold help us to solve this problem so that people could have Control over their data again?
Thank you, amazing question. This is EXACTLY, what we are solving. Deployments on the ThreeFold Grid are fully private and secure. Check out https://mydigitaltwin.io/ for a complete solution for a personal datastorage running on ThreeFold, where we can own our data 100% again🤗
Maximilian Rang
Maximilian Rang
Threefold AMA Recap
Cryptodiffer Community
🐳How is Threefold the most advanced peer-to-peer network? can you tell us about the advantages of your project? what is the most iconic feature?
Efficient, sustainable, compatible with real world application, farming for usable capacity, for everyone, by anyone, any currenct (linix) based applicatiion worls, open source, do good......
Weynand Kuijpers
Weynand Kuijpers
Threefold AMA Recap
Cryptodiffer Community
Sir What is reason for choosing DIGIBYTE blockchain ? You chose name THREEFOLD that's interesting, any particular reason ? @weynandkuijpers @BenjeOuss @maximilianrang
DigiByte is a great partner to us and they advocate for the same values as we do. Great synergy
Benjelloun Oussama
Benjelloun Oussama
There is a cross chain roadmap. Currently we look at polkadot, Casper and Ethereum.
Weynand Kuijpers
Weynand Kuijpers
Threefold AMA Recap
Cryptodiffer Community
TRUST and SECURITY is really important for a project . Tell us have you AUDITED your SMART CONTRACT.. Some projects SCAMs and RUGPULLs how do we trust you not to do so. ???????? As ThreeFold does not have a smart contract, there is no audit at this point. Our founder is coming from 5 exits and 25 years of experience in cloud. If we wanted to just make money, we would just provide another cloud solution instead of a complicated rug pull that would ruin our reputation. But we are not in for the money, we want to enable a new Internet where we all get our digital lives back and break free from data-driven restrictions and hypnosis. As ThreeFold does not have a smart contract, there is no audit at this point. Our founder is coming from 5 exits and 25 years of experience in cloud. If we wanted to just make money, we would just provide another cloud solution instead of a complicated rug pull that would ruin our reputation. But we are not in for the money, we want to enable a new Internet where we all get our digital lives back and break free from data-driven restrictions and hypnosis.
Also, please see our partners, investors, employees. There is a lot of people standing with their face and reputation for ThreeFold.
Maximilian Rang
Maximilian Rang
DigiByte chooses us to being technology to Enterprises. They wan tot have a platform to create services to enterprises on. ThreeFold - the three values we stand for: please see here: https://threefold.io/
Weynand Kuijpers
Weynand Kuijpers
Threefold AMA Recap
Cryptodiffer Community
What is your top 3 things for priorities in 2021? Could you share some plans for the upcoming year?
grow the grid,onboard more developers, power more applications
Benjelloun Oussama
Benjelloun Oussama
Threefold AMA Recap
Cryptodiffer Community
Does Threefold aim to create another version of Starlink? Are you rival to all internet companies which people subscribe monthly?
We not network. We are the other 50% of the internet. The compute and storage part. We are looking forward to have starlink as a partner.
Weynand Kuijpers
Weynand Kuijpers
Threefold AMA Recap
Cryptodiffer Community
🥇 In what way do you guarantee the good behavior of all the farmers? What if one of them decides to engage in shady practices? Do you have a way to detect and sanction him?
It is hard for a farmer to be a bad actor. The operating system on 3nodes, ZeroOS does not respond to mouse or keyboard. Even if he could get to the data and somehow could decrypt it, it would be unreadable without the other parts of the deployment that is in other locations. So all a farmer could do is take his 3node off the grid. That means he does not earn TFT anymore. The data will also reconstruct itself in other locations, so the impact for the user will be minimal.
Maximilian Rang
Maximilian Rang
Threefold AMA Recap
Cryptodiffer Community
What meaningful and optimistic experiences should the community prepare for as a result of this project proposal?
Blockchains applications, and any kind of applications being powered by the ThreeFold cloud, we want people to unleash their creativity and start building on top of us, for individuals, anyone can start his/her ThreeFold farm ( just like a bitcoin mine) but that is a lot more cost-effective, and sustainable, with a real utility
Benjelloun Oussama
Benjelloun Oussama
Threefold AMA Recap
Cryptodiffer Community
Currently, popular cloud storage solutions often need a large amount of resources to ensure storage as well as cooling. So is THE THREEFOLD GRID and really a safer and more economical cloud storage platform than the above solutions ?
Yes -we have a very clever (space born) storage algorithm that spreads data and stores data descriptions on storage nodes based on the users requirments. Sourvereign (within a city or country), secure. Reliability not by copying data but by describing it and storing fractions everywhere. No on single place wold give away any meaningfull information and no copying of data either.
Weynand Kuijpers
Weynand Kuijpers
Threefold AMA Recap
Cryptodiffer Community
🍎As I know your mission is to provide access to the internet economy through your platform. How do you plan to spread knowledge about ThreeFold in order to attract even non-crypto persons?
Yes - big time - please read here: https://freeflownation.org/
Weynand Kuijpers
Weynand Kuijpers
Threefold AMA Recap
Cryptodiffer Community
What plans has #ThreeFold made to educate the community which would in turn raise awareness, adoption and make more people understand about TFT easily?
we are trying our best to educate people about our complex system but our goals are quite simple, even though they are big, join our community to discuss with us and learn more about us: 🌎 Website
Benjelloun Oussama
Benjelloun Oussama
Threefold AMA Recap
Cryptodiffer Community
I read that ThreeFold is building Web 4.0 – decentralised cloud capacity grid, where IT is more like electricity and everyone can have full ownership of their data and apps are centered around users, not users around apps. Can you tell us the reason why you chose to make apps centered around users?
the future of the internet resides on a network where apps, and data are owned by their own users - and that is the world we're building, and enabling
Benjelloun Oussama
Benjelloun Oussama
Very good question, thank you. technical explanation here: https://wiki.threefold.io/#/quantumsafestorage__qss_description
Weynand Kuijpers
Weynand Kuijpers
Threefold AMA Recap
Cryptodiffer Community
To participate in ThreeFold's P2P network, what conditions do users need to meet? When moving all personal data to TF Cloud, will your security system work well to protect against attacks from hackers?
anyone can participate in the ThreeFold community, you can easily start your own ThreeFold farm and be part of the network ( and start minting TFT) or if you're a developer, you can start building any kind of apps of top of our cloud \
Benjelloun Oussama
Benjelloun Oussama
Hi - the smart contract is something else than you think. Please read here - it's far from a predetermined execution of a standard contract / process. It's very dynamic and consensum driven and needs signing from all participating parties: https://wiki.threefold.io/#/internet4__smartcontract_it?id=smart-contract-for-it
Weynand Kuijpers
Weynand Kuijpers
Benjelloun Oussama
Benjelloun Oussama
Threefold AMA Recap
Cryptodiffer Community
What innovations does Three Fold offer in DeFi and how Do Water Three Fold changing the new DeFi ecosystem and what are the plans for the next few years?
we enable DeFi apps to utilize totally decentralized cloud computing for their workloads, whether they want to store their Data/front end in distributed hardware, or be powered by our compute, and enable them to escape AWS and other centralized cloud providers. DeFi apps are not decentralized if they end up using them - this is one of the problems we're solving
Benjelloun Oussama
Benjelloun Oussama
Threefold AMA Recap
Cryptodiffer Community
While reviewing your project, he wrote in a blog post, "With 3Bot, you will no longer need so many applications on your device." your statement caught my attention. Can you tell us how we can use 3Bot, will I uninstall all the applications on my phone and use only the 3Bot application?
Not today, but in the not so distant future. So think of it as follow: once you have established an online representation of yorself, and many others have as well, then sending messages from one such online presence to another (email or whatsapp / telegram) is not so difficult. Same for building a social network or video conference. So your online avatar will connect to others and there will be no 3rd party in the middle anymore. Not us, not anyone else. Hence the statement one app (browser) to the avatar will do it all.
Weynand Kuijpers
Weynand Kuijpers
Threefold AMA Recap
Cryptodiffer Community
So what plans does Threefold have on privacy-based connection ? Any possible integration with dVPN-based blockchain initiatives in the ecosystem?
great question, all workloads are end-to-end encrypted on the ThreeFold network
Benjelloun Oussama
Benjelloun Oussama
Yes - you can today connect to online VM's or containers with a wireguard connection and if you want to install you own VPN in the VM you can.
Weynand Kuijpers
Weynand Kuijpers
Threefold AMA Recap
Cryptodiffer Community
How will ThreeFold bring the internet back to its original purpose and how will it go back to the old days?
With the growth of ThreeFold, the internet becomes a free place again. Its not possible to shut off projects or websites, to censor or to spy our data anymore. This is how it was in the 80s and 90s and this is how the Internet was intended to be.
Maximilian Rang
Maximilian Rang
also, check out our marketplace: https://threefold.io/marketplace
Benjelloun Oussama
Benjelloun Oussama
Threefold AMA Recap
Cryptodiffer Community
How expensive is the internet that ThreeFold is building with respect to current internet networks? Have they done calculations of this data? How much energy could be saved?
As we have less layers (efficieent) no commercials licensing and no needs for people to maintain the costs will be less than a third of what Amazon / Google charges. But, bear in mind this is not the play we want to to. There will be a race to the bottom and the big guys can afford a lot. It's more about being in charge of you own data and not relying on those giants.
Weynand Kuijpers
Weynand Kuijpers
Threefold AMA Recap
Myko (CryptoDiffer)
Thank you for all the answers! It is rare to see all the AMA questions answered!
trying to do our best to answer every question, they all deserve to be answered
Benjelloun Oussama
Benjelloun Oussama
Threefold AMA Recap
Myko (CryptoDiffer)
Thank you to everyone who took part!