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What Sets Us Apart: Filecoin’s Proof System

filecoin.io

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Re: What Sets Us Apart: Filecoin’s Proof System

#51

Earlier quoted context omitted.

IPFS, a YC company, is trying to censor Open Source competitors? Interesting. What are you scared of?

I'm not trying to censor anything, lol. Just referencing many hilarious moments in your comment history where the HN mods tell you to quit spamming, and here we are again with more off topic mark spam ;)

Links?

Re: What Sets Us Apart: Filecoin’s Proof System

#52

Like so many cryptocurrency projects, Filecoin just seems like a solution in search of a problem more than anything else. What exact problem is Filecoin trying to solve that's not possible with current infrastructure? It seems like the decentralization adds a lot of overhead and complexity for no benefit. The main argument that I hear is that somehow Filecoin will be cheaper than centralized competitors. However, ser…

What sets us apart: Inefficiency and a higher cost basis than any cloud storage providers due to our devout adherence to blockchain.

Re: What Sets Us Apart: Filecoin’s Proof System

#53

Like so many cryptocurrency projects, Filecoin just seems like a solution in search of a problem more than anything else. What exact problem is Filecoin trying to solve that's not possible with current infrastructure? It seems like the decentralization adds a lot of overhead and complexity for no benefit. The main argument that I hear is that somehow Filecoin will be cheaper than centralized competitors. However, ser…

Storing and serving files a lot cheaper and more reliably than current cloud providers seems like something people actually want.

Right but you actually have to be able to do that, and introducing inefficiency in the form of blockchain doesn't seem like a way to make anything cheaper.

Re: What Sets Us Apart: Filecoin’s Proof System

#54

Filecoin's Proof of Replication sounds similar to Valueflo.ws and Holochain's asset backed currencies. Let's go full distributed computing and use mutual credit while we're at it. Otherwise we're just going to carry forward the broken dynamics and assumptions of the current economy.

What is "Mutual Credit"?

Mutual credit means everybody can extend credit to another peer, and there is no centralized issuance of credit. The agreements themselves are fully p2p without any 3rd party. Using mutual credit (which the Holochain pattern/framework is specifically designed to do) [1] also means the mutual credit protocol/agreement itself can evolve without being bottlenecked by the developments of said 3rd party.

"Check out, for example, mutual credit systems like Sardex, where small businesses get together to issue money as credit to each other. Everyone starts from zero in the system, and then goes into and out of short-term debt to one another by either receiving goods and services — which creates a future obligation owed — or by being prepared to offer goods and services to people on the system, which earns you positive claims on others—otherwise known as money." [2]

[1] https://medium.com/holochain/holochain-reinventing-applicati...

[2] https://howwegettonext.com/the-future-of-money-depends-on-bu...

Re: What Sets Us Apart: Filecoin’s Proof System

#55
post #8

Earlier quoted context omitted.

Exactly. IPFS has millions of end users and hundreds of apps storing data on the decentralized network, creating demand for decentralized persistence of that data. Current solution is to either run your own IPFS node or pay a pinning service to run a node persisting your IPFS data for you - but even better to have a highly resilient marketplace of storage nodes that can store redundant copies!

Where are you getting “millions of end users” from? A quick google search doesn’t return anything, and that seems a lot for a relatively unknown project

https://en.wikipedia.org/wiki/Everipedia alone is 3M monthly active users.

Re: What Sets Us Apart: Filecoin’s Proof System

#56
post #48

Like so many cryptocurrency projects, Filecoin just seems like a solution in search of a problem more than anything else. What exact problem is Filecoin trying to solve that's not possible with current infrastructure? It seems like the decentralization adds a lot of overhead and complexity for no benefit. The main argument that I hear is that somehow Filecoin will be cheaper than centralized competitors. However, ser…

Founder of another decentralized storage product here: Decentralized storage is going to replace the cloud. We have a working platform today with thousands (and growing) of users which is cheaper, faster, and more reliable than the centralized alternative. One of the major challenges of the cloud today is deplatforming and loss of ownership, two things that are squarely handled by decentralization. It opens the door…

>> Our platform uses dozens of hosts

>> We're currently at 1/10th of Amazon.

Curious, where is the "1/10th of Amazon" coming from?

Re: What Sets Us Apart: Filecoin’s Proof System

#57

Earlier quoted context omitted.

I think parent was saying the projects using IPFS are relatively unknown, so where are the millions come from? I have the same question. In contrast, GUN, has 20M+ downloads/month from known sources: Internet Archive, HackerNoon, etc. ( https://github.com/amark/gun see jsdelivr download stats).

Gun is currently a pile of shit. Anyone saying otherwise hasn't used it. The sole founder and developer is a very nice person, but it's the reality of Gun tech right now.

Thanks for the comment.

Could you expand further what didn't work? We have some pretty heavy load in-production systems running. Definitely some rough edges still, so I'd like to hear what problems you had, so I can focus on fixing them in the future.

Thanks again.

Re: What Sets Us Apart: Filecoin’s Proof System

#58

If the market trades Filecoins too high, won't it become a cost burden to those wanting the service? And so then I will leave Filecoin, and there won't much data to store. Until you fix price Filecoin, the technical market will be sullied by the financial markets. As an example, if my ec2 prices went up in line with Amazon stock, I would be paying 5x the cost compared to z few years ago - which means I would have lef…

Its not like 1 filecoin == 1 gigabyte of storage. Its a market, people pay what they want to pay. I think you have an incorrect picture of the system in your head and havent actually gone and done the research needed to back up your angry sounding claims.

They pay in Filecoin, which is a fluctuating asset based on financial market conditions which have nothing to do with actual cost of services. Do your research, else your just anther naive investor, or worse, con man. https://tokeneconomy.co/the-analysis-filecoin-doesnt-want-yo...

Re: What Sets Us Apart: Filecoin’s Proof System

#59
post #55

Earlier quoted context omitted.

Where are you getting “millions of end users” from? A quick google search doesn’t return anything, and that seems a lot for a relatively unknown project

https://en.wikipedia.org/wiki/Everipedia alone is 3M monthly active users.

How many of those users connect via IPFS protocol though? Because I bet overwhelming majority of them use https website, and do not interact with IPFS in any way.

Re: What Sets Us Apart: Filecoin’s Proof System

#60
post #48

Earlier quoted context omitted.

Founder of another decentralized storage product here: Decentralized storage is going to replace the cloud. We have a working platform today with thousands (and growing) of users which is cheaper, faster, and more reliable than the centralized alternative. One of the major challenges of the cloud today is deplatforming and loss of ownership, two things that are squarely handled by decentralization. It opens the door…

>> Our platform uses dozens of hosts >> We're currently at 1/10th of Amazon. Curious, where is the "1/10th of Amazon" coming from?

https://siastats.info/storage_pricing
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