As we explained in our blog post announcing the Bitseed Assembly community, Assembly is a collaboration platform for open source projects which tracks contributions using colored coins and proportionally rewards coin holders with revenues earned from products they have contributed to. This model gives us a unique opportunity to open our company to contributions from outsiders without too much legal or accounting work, while still allowing us to retain enough control so as not to lose sight of our vision and strategy of using free software and hardware components to build a personal cloud platform that can provide the world with more secure, more resilient Internet infrastructure. Assembly is pretty straight forward to use: complete an open bounty to earn the coins, or, if you have an idea that hasn’t been proposed yet, you can create a bounty. If the bounty is approved, you or someone else can then complete the bounty to earn coins. You can also earn coins just for participating in discussions and contributing to the completion of an open bounty by receiving tips from coin holders.
Let’s revisit the vision, as doing so will help you better understand what kind of bounties we’ll post and expect others to post. Bitseed the company sells a personal server, also called Bitseed, which is intended to be always-on and always-available for authorized devices to connect to. These devices can be laptops, desktops, smartphones, TVs, toasters, anything Internet enabled that needs to store or access data on the server. Bitseed is a personal cloud platform which is intended to replace the third party cloud services that people have grown accustomed to trusting for remote computation, application delivery, and data storage. There are several problems with this third party cloud services model that Bitseed is addressing:
- When the data of millions of people is centralized in one cloud service provider’s computer network, that network becomes an attractive target for hackers who can win a big payday if they are able to break in and steal the data. This happens all too often.
- The “third party doctrine” has eroded the security of data that’s stored in the cloud, opening it up to analysis and inspection by strangers without the data owner’s permission. Private data is no longer private, all but eliminating the ability for people to have privileged communications with friends, lovers, doctors, lawyers, accountants, business partners, and other trusted associates via email or video calls.
- It’s not uncommon for services to close down if they run out of money or are bought out by another company. This can lead to losses of valuable data, including years worth of memories in online connections, photos, videos, blog posts, and other digital mementos.
By giving people their own personal server that they can run their applications with and store their data on, Bitseed is providing a convenient alternative to the cloud (“the cloud” being just a clever marketing term for “someone else’s computer”). The first app we’re supporting and building with on our personal cloud platform is bitcoin, an innovative new technology that, for the first time ever, provides a native protocol for money on the Internet. In addition to storing and transferring value, bitcoin makes it possible to secure data in a way that is trustworthy, permanent, and undeniable, all great features for tracking the ownership of valuable assets such as digital identities, property, documents, art, and more. We want to build on this solid foundation to develop a wide range of new “decentralized” applications which take the power of bitcoin and use it to build a better Internet.
If you’re excited by this vision, we invite you to join our Assembly community and start a conversation with us. Head on over to the introduction thread and tell us what your skills are, and we will either point you to a relevant bounty that needs to be completed, or help you think of a bounty proposal that can help push a project forward.