This really looks like a solution in search of a problem. The cloud storage market is already pretty efficient and we are expected to believe that adding a bunch of inefficiency and complexity will result in a better product?
The problem is, people have been trying to build this sort of system for many years, so any proposed system is likely to fail when put into operation & therefore has an enormous burden to prove they've overcome the many fatal flaws that existed in previous systems.
Be that running an obscure website that gets flash traffic, or pushing out backups you hope you never need, until you need them all at once.
So the question is does your cloud provider end up charging you for your average traffic per year or your peak traffic, and that depends on base rates and overage rates. Even if protocols like this just exert downward pressure on those rate tables, we all win.
Unfortunately for the dream, centralisation offers efficiencies and reliability that are hard or impossible to match.
It may help drive their prices down though.
The block chain world is absolutely overrun with over-funded over-specced over-engineered boil the ocean projects that will never ship anything usable, solutions in search of problems, stuff that just plain doesn't work for fundamental math/algorithmic reasons, and of course a ton of outright scams. All of these are loud and lean heavy on the hype because they have nothing else. Just keep working and you will emerge once the dust settles. Not saying forget about marketing, but focus more on product.
It’s contrary to parliamentary procedure and rules of debate to make a statement in order to back up your own point and not admit counterexamples and discussion of said statement and it’s implications as well as it’s intent and factual basis in the current reality we all share, regardless of which parts of it are presently up for debate.
You would have us not be informed about relevant contextual information regarding a point you yourself brought up, just so we don’t derail a discussion you yourself are replying to? We’re all valid commenters with valid comments provided we have something relevant to say.
* private encrypted backups
* public distributed files
* public encrypted distributed files
The issue you're forgetting to mention is the fact that physical DVD drives won't be around for more than a few more years, you then need to make sure you have one in working order on a system that can use it
If it costs me $1 to store my stuff per month on S3, and you reduce that... so what? It's so cheap it's not going to help my wallet much. This isn't like going from $100 to $2- or even $50 to $20. It's going from like $10/year to... I dunno, $4. I might as well stay on AWS.
That leaves the enterprise market, which, naturally, loves S3 100x more than the random individual, because S3 is a solid enterprise choice, and will always have the enterprise advantage, by a crushing margin.
AWS is itself hard to compete with, but of all the services you could compete with on AWS, S3 is probably the worst. So you're going up against the worst of the worst, here. I can't say it's impossible, but it's like an extra double hard market to compete in, in an already tough market.
I recently had a RAID array rebuild fail and had to restore 10 TB from cloud backups. That would've cost me $900 on S3.
Arweave has developed a new type of blockchain based on Moore’s Law of the declining cost of data storage. Users pay upfront (one time payment) for a hundred years of storage at less than a cent per megabyte, and the interest that accrues will cover the dwindling storage cost forever. More than one million pieces of data are now stored on the permaweb...
Source: https://techcrunch.com/2020/03/05/coronavirus-censorship-arw...