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This might mitigate some bandwidth problem, for sure, but how can this improve our privacy and the right to be forgotten? I think I'm missing something. Isn't this just a modern reimplementation of distributed hash tables that were researched circa 2005?

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It's more than that, take a look at the other comments in this thread, like https://news.ycombinator.com/item?id=10329236 and https://news.ycombinator.com/item?id=10329221

One interesting thing is you can have totally end-to-end encrypted applications, encrypt the application code and all the generated data.

Also, remember that the HTTP Web itself was a reimplementation of decades-old hypertext systems. Hypertext hails all the way back to Xanadu (60-80s!).

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