Substratum Whitepaper (No. 192)

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White Paper Summary
Substratum Whitepaper

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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.

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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/pricing

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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):

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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.

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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.

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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

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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?

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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 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.

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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 advantage

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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

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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.

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