Filecoin Foundation Successfully Deploys IPFS in Space • Hacker News Board

Re: Filecoin Foundation Successfully Deploys IPFS in Space

#131

Post by rvz » Tue, Jan 16, 2024, 5:17 PM UTC

grumbel wrote: post #10

dannyw wrote: post #7

Filecoin is probably one of the few cryptocurrencies with intrinsic value, even if the amount is debatable. IPFS has stood the test of time and seems like a good protocol; and a cryptocurrency that can be used to pay for storage is not valueless.

Has it? I have never seen anybody using IPFS in the wild, even projects for which it should be well suited (archive.org, Linux package distribution, Git, Lemmy, Imgur, CivitAI), don't use it. Worse yet, IPFS still provides no real way to deal with private or local data, which drastically limits its use. I love the idea about data being addressable by hash, but I don't feel IPFS has actually delivered anything meaning…

> I have never seen anybody using IPFS in the wild, even projects for which it should be well suited (archive.org, Linux package distribution, Git, Lemmy, Imgur, CivitAI), don't use it.

Netflix uses IPFS. [0]

[0] https://blog.ipfs.tech/2020-02-14-improved-bitswap-for-conta...

Re: Filecoin Foundation Successfully Deploys IPFS in Space

#132

Post by Yizahi » Tue, Jan 16, 2024, 5:17 PM UTC

acejam wrote: post #126

Yizahi wrote: post #59

Earlier quoted context omitted.

Most likely and obfuscation technique, they (IPFS people) are afraid to admit that there is no guarantee about file preservation there at all (unless you pay to people hosting your files specifically) and cache eviction may happen to your file at any time, so they try to shout all across the internet how their tech is so reliable and great to drown any dissent. Scary and important looking headlines like "Something In…

Here's a secret: IPFS is not a data storage protocol. It's a data routing protocol. Start thinking that way and it will take you to a whole new universe.

So it is name of the protocol and not the name of the network system using this protocol, right?

Re: Filecoin Foundation Successfully Deploys IPFS in Space

#133

Post by orblivion » Tue, Jan 16, 2024, 5:19 PM UTC

grumbel wrote: post #10

dannyw wrote: post #7

Filecoin is probably one of the few cryptocurrencies with intrinsic value, even if the amount is debatable. IPFS has stood the test of time and seems like a good protocol; and a cryptocurrency that can be used to pay for storage is not valueless.

Has it? I have never seen anybody using IPFS in the wild, even projects for which it should be well suited (archive.org, Linux package distribution, Git, Lemmy, Imgur, CivitAI), don't use it. Worse yet, IPFS still provides no real way to deal with private or local data, which drastically limits its use. I love the idea about data being addressable by hash, but I don't feel IPFS has actually delivered anything meaning…

> Linux package distribution

FWIW it seems like NixOS at least tried or is trying: https://blog.ipfs.tech/2020-09-08-nix-ipfs-milestone-1/

Re: Filecoin Foundation Successfully Deploys IPFS in Space

#134

Post by hanniabu » Tue, Jan 16, 2024, 5:23 PM UTC

dannyw wrote: post #7

Filecoin is probably one of the few cryptocurrencies with intrinsic value, even if the amount is debatable. IPFS has stood the test of time and seems like a good protocol; and a cryptocurrency that can be used to pay for storage is not valueless.

You're almost there, soon you'll realize digital assets in general are important for aligning incentives.

Re: Filecoin Foundation Successfully Deploys IPFS in Space

#135

Post by mhluongo » Tue, Jan 16, 2024, 5:23 PM UTC

rglullis wrote: post #31

pclmulqdq wrote: post #29

Earlier quoted context omitted.

ACLs are fundamentally incompatible with blockchains. Your only solution is to encrypt those files, and have off-chain key management if you ever want to revoke access.

IPFS and distributed filesystems have nothing to do with blockchains.

Filecoin, the thing funding IPFS, certainly does :)

Re: Filecoin Foundation Successfully Deploys IPFS in Space

#136

Post by hanniabu » Tue, Jan 16, 2024, 5:27 PM UTC

rglullis wrote: post #87

iSnow wrote: post #56

Earlier quoted context omitted.

I guess if you are inside the crypto ecosystem, it's easier to pay nodes via tokens.

It's not. They pay out via zksync (layer 2 system) to avoid fees, but they only accept payment in the main chain. So if you want to cash out or use the tokens you receive, you need to eat the fees. It's ridiculous and a clear mechanism for them to restrict the circulating supply.

It's an evolving ecosystem. Rollups are fairly new so imagine fully migrating to L2 is a work in progress.

Re: Filecoin Foundation Successfully Deploys IPFS in Space

#137

Post by hanniabu » Tue, Jan 16, 2024, 5:29 PM UTC

colesantiago wrote: post #61

dannyw wrote: post #7

Filecoin is probably one of the few cryptocurrencies with intrinsic value, even if the amount is debatable. IPFS has stood the test of time and seems like a good protocol; and a cryptocurrency that can be used to pay for storage is not valueless.

> Filecoin is probably one of the few cryptocurrencies with intrinsic value, None of these coins have any intrinsic value. There are thousands of people who sat on bench and thought, "I want to create a ponzi coin" doesn't mean they create value. Crypto is a net negative phenomenon.

Have fun dying on that hill. 30 years ago you would have been saying the internet is worthless.

Re: Filecoin Foundation Successfully Deploys IPFS in Space

#138

Post by hanniabu » Tue, Jan 16, 2024, 5:31 PM UTC

josu wrote: post #27

dannyw wrote: post #7

Filecoin is probably one of the few cryptocurrencies with intrinsic value, even if the amount is debatable. IPFS has stood the test of time and seems like a good protocol; and a cryptocurrency that can be used to pay for storage is not valueless.

Just some perspective: Price (market cap): ~3B Annualized revenue based on the last 30 days: 3M. Intrinsic value based on perpetual DCF assuming 5% interest rate: 60M.

1. You're trying to assign utility value to it based on earnings which is flawed

2. You're valuing it like a company which is also flawed

Re: Filecoin Foundation Successfully Deploys IPFS in Space

#139

Post by troupo » Tue, Jan 16, 2024, 5:33 PM UTC

hanniabu wrote: post #137

colesantiago wrote: post #61

Earlier quoted context omitted.

> Filecoin is probably one of the few cryptocurrencies with intrinsic value, None of these coins have any intrinsic value. There are thousands of people who sat on bench and thought, "I want to create a ponzi coin" doesn't mean they create value. Crypto is a net negative phenomenon.

Have fun dying on that hill. 30 years ago you would have been saying the internet is worthless.

Crypto isn't internet. At best, crypto is Juicero

Re: Filecoin Foundation Successfully Deploys IPFS in Space

#140

Post by hanniabu » Tue, Jan 16, 2024, 5:34 PM UTC

colesantiago wrote: post #48

This doesn't really mean anything really. What is the use case of these crypto tokens other than speculation? Where is the market in space that is asking to use this?

The tokens are used for incentive alignment. Space is used for robustness.