Orchid: a new surveillance-free layer on top of the existing Internet

Re:Orchid: a new surveillance-free layer on top of the exist... by confounded on Saturday October 28, 2017 @08:27PM (#15577419)

Why were venture capitalists interested in funding this?

What do they get out of it?

How and when do you intend to ‘exit’?

(Apologies for the skeptical tone, I think this seems like a cool idea.)

[ Parent | on HN ]

Re:Orchid: a new surveillance-free layer on top of the exist... by g_simonsson on Saturday October 28, 2017 @11:17PM (#15577816)

Good question, especially since we made it clear to them that we have no business model and no plans to ever have one.

There is a fixed number of Orchid Tokens that are used for payments within the network of relayed traffic (source nodes pay relay and exit nodes).

The only way for anyone to gain financially is for these tokens to appreciate in value, which is tied to the utility of the network.

So there's no exit, rather it's a continuous token incentive for all stakeholders similar to the Ethereum network which was funded by selling the promise of future tokens.

[ Parent | on HN ]

Re:Orchid: a new surveillance-free layer on top of the exist... by QAPereo on Sunday October 29, 2017 @04:27PM (#15581231)

The only way for anyone to gain financially is for these tokens to appreciate in value...

Sounds like a security.

[ Parent | on HN ]

Re:Orchid: a new surveillance-free layer on top of the exist... by api on Sunday October 29, 2017 @12:23AM (#15577957)

Opening the Chinese market? As it stands the GFW implements a rather strong protectionist barrier. I've long suspected that to be it's main purpose.

[ Parent | on HN ]

Re:Orchid: a new surveillance-free layer on top of the exist... by colordrops on Saturday October 28, 2017 @10:08PM (#15577667)

Very good question that I'm curious about as well. The cynic inside me could think of some nefarious reasons, but I can also imagine some legitimate ones, such as taking a cut of the eth made in bandwidth transactions, and opening up markets for other services that were previously impenetrable, such as China.

[ Parent | on HN ]