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Filecoin Foundation Successfully Deploys IPFS in Space

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Re: Filecoin Foundation Successfully Deploys IPFS in Space

#161

Post by fulladder »

bitzun wrote: post #142
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.

It has the same intrinsic value as the other cryptocurrencies: Illegal activity (in this case, piracy).

I don't agree that Filecoin does anything to enable piracy. If your goal is to pirate software and movies, your needs were already (and still are) adequately met with BitTorrent and there's no need for a blockchain token. Tokens would just be an expensive distraction to someone like that.

Re: Filecoin Foundation Successfully Deploys IPFS in Space

#162

Post by Dylan16807 »

robertlagrant wrote: post #88
buildbuildbuild wrote: post #34

Earlier quoted context omitted.

I’ve earned Storj for years by renting excess hard drive space to store other people’s files. Having a native currency lets you innovate in some unique ways. Microtransactions are not practical with credit cards and other traditional settlement methods. The reasons not to use something like DAI are fundraising (unfortunately - crypto VCs really like seeing a token), network bloat/decentralization, and leadership risk…

> I’ve earned Storj for years That makes sense, but then what can you do with Storj?

You can turn it back into storage, and you can sell it to people that want storage. I feel like that's good enough to establish value.

Re: Filecoin Foundation Successfully Deploys IPFS in Space

#163

Post by numbsafari »

diggan wrote: post #113
numbsafari wrote: post #108

Earlier quoted context omitted.

> Being able to arbitrary place caches anywhere and let anyone serve the data This is the grift. The "libertarians" want to be able to host their CSAM, sorry, their "freedom materials" on everyone's servers in such a way that nobody can ever "silence their freedom" because it would mean silencing the cat gifs, too. Want to be "on the net"? Well, you absolutely have to agree to host anyone else's content without quest…

Like many others, you seem to not really grasp how IPFS works. Nothing gets distributed automatically. Besides, how on earth is your argument even relevant when we're talking about content-addressing as a whole, without involving IPFS at all?

I get how IPFS works. I think the problem you have is that you can't distinguish between IPFS and CAS.

Lots of things use CAS, not just IPFS.

The specific case you outline can be served by existing technology, without having to introduce magic coins, beans, or other distractions.

I was pretty interested in IPFS prior to it being overtaken by web3 grifters.

Re: Filecoin Foundation Successfully Deploys IPFS in Space

#164

Post by Dylan16807 »

rglullis wrote: post #84
buildbuildbuild wrote: post #34

Earlier quoted context omitted.

I’ve earned Storj for years by renting excess hard drive space to store other people’s files. Having a native currency lets you innovate in some unique ways. Microtransactions are not practical with credit cards and other traditional settlement methods. The reasons not to use something like DAI are fundraising (unfortunately - crypto VCs really like seeing a token), network bloat/decentralization, and leadership risk…

I also run my own Storj node. It took at least one year to pay back the hard drive. Now that they are cutting down the payout for hosting, I am receiving barely enough to justify the power bill. No one cares about microtransactions, and I'm yet to see a customer who likes a product or service but refuses to make a pre-payment of $10. None of the reasons you mentioned for a token are beneficial to the end user.

How much is the power bill, and how many watts are you using?

Barely paying for power does sound like too little, but enough money to pay back hardware cost in a year is definitely overkill.

Re: Filecoin Foundation Successfully Deploys IPFS in Space

#165

Post by LanternLight83 »

orblivion wrote: post #133
grumbel wrote: post #10

Earlier quoted context omitted.

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/

Guix has had some developments in this direction too.

https://libreplanet.org/wiki/Group:Guix/GSoC-2023

https://issues.guix.gnu.org/52555

Re: Filecoin Foundation Successfully Deploys IPFS in Space

#166

Post by RF_Savage »

zoklet-enjoyer wrote: post #75
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, Akash, DVPN, Jackal, Helium are all cryptocurrency projects with real products/use cases outside of the circular defi economy/number go up technology.

There is also Althea for network infrastructure/connectivity.

Re: Filecoin Foundation Successfully Deploys IPFS in Space

#167

Post by Dylan16807 »

zoklet-enjoyer wrote: post #128
Nursie wrote: post #125

Earlier quoted context omitted.

Helium? The company that lied about partnerships, structured itself as a way for insiders to cash out on tokens early, then failed to attract any business so pivoted to a new tech and a new token to do it all again? Helium is a failure and a joke. https://www.forbes.com/sites/sarahemerson/2022/09/23/helium-...

I don't know anything about their business model, but I do know that they have a real product

They sent out real boxes. The full package being sold to box-buyers, the reason they bought the boxes in the first place, did not exist.

Re: Filecoin Foundation Successfully Deploys IPFS in Space

#168

Post by josu »

hanniabu wrote: post #138
josu wrote: post #27

Earlier quoted context omitted.

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

100% agree. But you are shooting the messenger, I just translated OPs message. Applying "intrinsic value" to cryptocurrencies is flawed.

Re: Filecoin Foundation Successfully Deploys IPFS in Space

#169

Post by rglullis »

Dylan16807 wrote: post #164
rglullis wrote: post #84

Earlier quoted context omitted.

I also run my own Storj node. It took at least one year to pay back the hard drive. Now that they are cutting down the payout for hosting, I am receiving barely enough to justify the power bill. No one cares about microtransactions, and I'm yet to see a customer who likes a product or service but refuses to make a pre-payment of $10. None of the reasons you mentioned for a token are beneficial to the end user.

How much is the power bill, and how many watts are you using? Barely paying for power does sound like too little, but enough money to pay back hardware cost in a year is definitely overkill.

I went to look, and I was wrong on both extremes. I've allocated 2TB. It actually took me two years to get make ~$125, when I bought disks at ~$60/TB.

For the past 6 months, I've received an average of 5.8 STORJ per month, which on today's rate amount to $4/month, but if I look at the price at the time I received them it would be more like $2.2/month.

I don't know the exact wattage, but given that is a oldish celeron and that I'm based in Germany, I'm guessing that running that server + disks takes ~25W, which means ~18kWh per month and given how energy prices have gone up last year (close to 0.30€ per kWh), I am actually losing money by keeping this server on.

Re: Filecoin Foundation Successfully Deploys IPFS in Space

#170

Post by Dylan16807 »

rglullis wrote: post #169
Dylan16807 wrote: post #164

Earlier quoted context omitted.

How much is the power bill, and how many watts are you using? Barely paying for power does sound like too little, but enough money to pay back hardware cost in a year is definitely overkill.

I went to look, and I was wrong on both extremes. I've allocated 2TB. It actually took me two years to get make ~$125, when I bought disks at ~$60/TB. For the past 6 months, I've received an average of 5.8 STORJ per month, which on today's rate amount to $4/month, but if I look at the price at the time I received them it would be more like $2.2/month. I don't know the exact wattage, but given that is a oldish celeron…

Okay, so you're in an especially bad situation for terabytes per watt.

If I was buying hard drives right now, I'd expect 2x14TB for about $500 including tax. If that pulled in anything close to $2/TB/month then $6 of electricity would not be a big deal.

Hmm, I just built a NAS, maybe I should rent out some of that space.

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