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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

#61

Post by ajhurliman »

johnmarcus wrote: post #41
ajhurliman wrote: post #31

Earlier quoted context omitted.

That's the other way you get paid in Filecoin, payment channels for retrieving files. Although it's not technically "mining" it's easier to think about Filecoin having two types of miners: Storage and retrieval. Since it's incentivized there's a good chance you'll get your files back quickly if you're willing to pay more or if it's a common file.

As long as Filecoins is traded on a market, and not tied to actual cpu/bandwidth/storage costs, then if will ALWAYS be more expensive then AWS (and alternatives).

If I go out and spend $20,000 on a a 480TB file server and I were charging AWS prices ($0.023/GB), I could get $11,040/ month. After two months my investment would have paid for itself. I'm not sure why you think markets are inefficient and somehow AWS is superior, but folks could be getting paid 10x less than AWS and still making money on their investments.

Inversely, people could be storing their files for 10x cheaper than on AWS.

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

#62

Post by johnmarcus »

ajhurliman wrote: post #61
johnmarcus wrote: post #41

Earlier quoted context omitted.

As long as Filecoins is traded on a market, and not tied to actual cpu/bandwidth/storage costs, then if will ALWAYS be more expensive then AWS (and alternatives).

If I go out and spend $20,000 on a a 480TB file server and I were charging AWS prices ($0.023/GB), I could get $11,040/ month. After two months my investment would have paid for itself. I'm not sure why you think markets are inefficient and somehow AWS is superior, but folks could be getting paid 10x less than AWS and still making money on their investments. Inversely, people could be storing their files for 10x chea…

Because Filecoin being a tradable asset as well as a utility confuses how it's valued. If it rises quickly, it's better to sell then spend. If it drops, it's bad for those running servers. Both ups and downs are being driven by forces which have nothing to do with cost of services, that's the problem. Unless they fix the price of Filecoin against the USD to make it a real utility, it's a get rich quick scheme.

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

#64

Post by capnwally14 »

johnmarcus wrote: post #58
whyrusleeping wrote: post #47

Earlier quoted context omitted.

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...

Lol, whyrusleeping is one of the core contributors to Filecoin.

Also if the price externally is changing, you could just... reduce the amount of FIL you pay per GB.

So if in t=0, the price of FIL is $1, and I choose to pay 1 FIL for 1 GB, and in t=1 the price of FIL goes to $2, I could just pay 0.5 FIL. Sounds like a miner (whose cost basis denominated in fiat) would be happy to accept either deal if its net profitable.

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

#65

Post by johnmarcus »

marknadal wrote: post #57
johnmarcus wrote: post #39

Earlier quoted context omitted.

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.

It was a month ago I checked it out and it just wasn't usable - i do not remember the details but even basic things did not work. I had a json dataset i just wanted in a local db, and that was proving challenging for simple operations is what I remember, didn't even get into the p2p side yet. If I remember correctly, it wasn't returning accurate results when queried.

try creating a youtube video of getting it to work from scratch, reading and writing data and i think you will see the problems. Or maybe ask a friend that is less familiar than yourself to try it, the problems seemed rather obvious as it just didn't work for a basic use case.

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

#66

Post by marknadal »

johnmarcus wrote: post #65
marknadal wrote: post #57

Earlier quoted context omitted.

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.

It was a month ago I checked it out and it just wasn't usable - i do not remember the details but even basic things did not work. I had a json dataset i just wanted in a local db, and that was proving challenging for simple operations is what I remember, didn't even get into the p2p side yet. If I remember correctly, it wasn't returning accurate results when queried. try creating a youtube video of getting it to work…

Thanks for the reply.

If you ever have time, it'd be great to snag whatever code or data you had, to create a replicable test case for us to make a fix against. Sorry about the wasted time you experienced, I hate that.

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