Earlier quoted context omitted.
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
There's nothing I love more than a chicken or egg argument. Nobody is doing B because there isn't a company that has a scalable B option yet. But hey, your argument is totally valid, which is why everyone is still programming in Cobalt!
Filecoin: A Decentralized Storage Network [pdf]
121–130 of 170 posts
Re: Filecoin: A Decentralized Storage Network [pdf]
#122Earlier quoted context omitted.
> If there was a benefit to breaking down a file rather than replicating it, AWS would be using this efficiency to provide a better service. Are you suggesting that AWS is doing every possible thing that would increase efficiency, or in other words, that AWS' services are optimally efficient? That seems very unlikely.
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. If FileCoin actually worked as a better technology, Google or some big name would say they will start using…
Of course. That's why when someone proposed a potential mechanism for increasing efficiency, it doesn't make sense to say "that couldn't possibly work, because if it could work then AWS would already be doing it."
Re: Filecoin: A Decentralized Storage Network [pdf]
#123Earlier quoted context omitted.
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
There's nothing I love more than a chicken or egg argument. Nobody is doing B because there isn't a company that has a scalable B option yet. But hey, your argument is totally valid, which is why everyone is still programming in Cobalt!
Re: Filecoin: A Decentralized Storage Network [pdf]
#124Unfortunately, one of the important citations ([5], "Proof of Replication") does not appear to be available. (Or, at least, Google cannot find it.)
Seems like important sections of this paper were not ready in time for them to perform their ICO.
Re: Filecoin: A Decentralized Storage Network [pdf]
#125Earlier quoted context omitted.
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?
Is there not room in the market for multiple solutions? Both Dropbox and a decentralized solution can co-exist.
I'm not saying it's not viable at all, but the distributed aspect alone requires a certain amount of popularity to sustain it.
Re: Filecoin: A Decentralized Storage Network [pdf]
#126How is this different from Siacoin?
FileCoin is using proof of storage of client data for blockchain ledger security. That's a very tricky thing to get right (I didn't think it was possible.) Search the white paper for "Sybil attack, outsourcing attacks, generation attacks", and see section 7.4 of the SiaCoin whitepaper for contrast: https://www.sia.tech/whitepaper.pdf
It is always trivial to simulate storing client data that you don't have. So you'd have to invent a system where simulating client data is equally expensive to storing real client data. But, simulating client data can always be done deterministically using a seed, which means you don't actually have to store the data.
So you have to prove that generating client data is equally expensive to storing it, if not more expensive. Given that legitimate client data can literally be all zeros, I don't see how you can achieve this without some overhead.
That overhead will make you less competitive than Sia, which doesn't have the overhead.
I haven't yet gotten to the point where I fully understand proof-of-spacetime, but that is hard when the paper is literally referencing unpublished work. But I'm skeptical they have solved the generation / simulation attack.
Re: Filecoin: A Decentralized Storage Network [pdf]
#127Earlier 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…
Amazon S3 also offers "glacier" for longterm storage with few accesses, which is $4 per TB.
Re: Filecoin: A Decentralized Storage Network [pdf]
#128I'm still confused why I would want my storage to be decentralized. No I don't want my files spread on thousands or millions of computers no matter how encrypted etc.
2. Price. There are many computers with a lot of free unused storage space and unlimited internet plans. Basically storage and transfer is 0-cost for them. So they'll compete creating very affordable pricing. AWS can't compete with that, because they have real operational costs.
Re: Filecoin: A Decentralized Storage Network [pdf]
#129I'm still confused why I would want my storage to be decentralized. No I don't want my files spread on thousands or millions of computers no matter how encrypted etc.
Re: Filecoin: A Decentralized Storage Network [pdf]
#130I'm still confused why I would want my storage to be decentralized. No I don't want my files spread on thousands or millions of computers no matter how encrypted etc.
Trustless, distributed, scalable, redundant, anonymous cloud storage with a market-driven pricing scheme? Why _wouldn't_ you want that? For me that's pretty much the ideal cloud storage system.