Hacker News Reader

What I'm getting with Web3 is essentially FileCoin or Sia is like an API layer where Companies (DApps?) can build on top of.

It looks like this may be an existential threat to the current Tech Giants since their data is centralized whereas these new DApps are not.

Looks like they use FileCoin and Storj

View on HN

Yep, but the important part is that

1. Users pay for their own storage, as directly as possible, otherwise they are not in control.

2. Any centralized APIs are fully interchangeable, ideally you can literally select a different gateway in the app, and keep working all within 5 seconds.

Reply on news.ycombinator.com