Filecoin: A Decentralized Storage Network [pdf]

Post by klodolph » Thu, Jul 20, 2017, 2:35 AM UTC

hudon wrote: post #107

JauntyHatAngle wrote: post #105

Earlier quoted context omitted.

"Yes. This is how capitalism works. If there is an inefficiency in the market, there is an opportunity for a competitor to beat you on price or quality. If AWS is not incorporating these efficiencies into their tech, then Microsoft Azure will and beat them by providing either a cheaper or higher quality service." Not that I'm saying Filecoin or a decentralised storage coin is in any way the way forward or even a comp…

It is not just AWS. The data storage market is saturated with competitors fighting hard to come out on top. Amazon, Apple, Box, Dropbox, Google, Microsoft are all in this and some of these companies have massive R&D budgets, have a history of delivering cutting edge tech and have strategies to overcome the Innovator's Dilemma (which is the problem you're describing). It is precisely because these companies are not en…

Post by colordrops » Thu, Jul 20, 2017, 2:48 AM UTC

Zahlmeister wrote: post #82

colordrops wrote: post #63

Earlier quoted context omitted.

Because once they do get it right, it's open source and no one can take it away. A centralized system can and most likely will eventually degrade and disappear. Also, privacy.

I believe the market right now tells you that people value neither redundancy (creating business for file recovery services) nor privacy all that much. They do value simplicity of use above all and they do trust large companies (for better or worse). What makes this system better than the other systems that fulfill essentially the same purpose? What does "getting it right" mean? Are they getting it right and how so?

Post by guy_c » Thu, Jul 20, 2017, 2:55 AM UTC

guy_c wrote: post #110

Ajedi32 wrote: post #72

Earlier quoted context omitted.

What makes you think AWS would be necessarily be faster or more reliable? If done correctly, think a decentralized system could be significantly faster and more reliable than even the best centralized storage solution. For example, with a decentralized system files could be broken up into shards and distributed across multiple nodes, so unless a significant percentage of computers on the planet all melt down at once…

I had been recently looking at Siacoin, but still a lot of work is needed before it can displace something like AWS. Took nearly a day with lots of stalls just to sync the blockchain. Also I am not sure about how price competitive it will ultimately be. Amazon has huge buying power which I am sure means they pay less per TB then consumers. Also other economies of scale. I bet the cost of labour to bring online each 1…

Post by jhall1468 » Thu, Jul 20, 2017, 3:18 AM UTC

guy_c wrote: post #113

guy_c wrote: post #110

Earlier quoted context omitted.

I had been recently looking at Siacoin, but still a lot of work is needed before it can displace something like AWS. Took nearly a day with lots of stalls just to sync the blockchain. Also I am not sure about how price competitive it will ultimately be. Amazon has huge buying power which I am sure means they pay less per TB then consumers. Also other economies of scale. I bet the cost of labour to bring online each 1…

Siacoins calculator at http://sia.tech/ is claiming a price of $2/TB/month vs $23/TB/month for Amazon S3. However it neglects to include Backblaze's B2 storage which is only $5/TB/month - https://www.backblaze.com/b2/cloud-storage-pricing.html That is maybe a not a big enough price saving to convince conservative corporations to switch. Imagine going to your accounts department to request they purchase a cryptocurren…

Post by jhall1468 » Thu, Jul 20, 2017, 3:21 AM UTC

hudon wrote: post #104

xtracto wrote: post #103

Earlier quoted context omitted.

Ooohh we thought that as well, until the latest S3 outage.

Ask the CTO of any Fortune 100 company what they're doing to mitigate such an outage. What do you think they will answer? Option A: cross-region replication, regular backups, and secondary service provider failover plan Option B: decentralize everything on people's laptops