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>> Why blockchains are the future of cloud storage > Having briefly scanned the above company's reddits I get the feeling that the motive for participation is
by dozzie 10y ago
>> Why blockchains are the future of cloud storage
> Having briefly scanned the above company's reddits I get the feeling that the motive for participation is primarily people hoping for another altcoin unicorn.
I didn't even need to that to know that the company is being stupid with this
service. Blockchain is a document timestamping service, it doesn't fit
storage scenario in the slightest. It would be much, much better to use DHT
for storage, but DHT is not hype anymore.
- zherbert 10y agoBlockchains can be used to create a decentralized storage marketplace. Data is not actually "stored" on the blockchain – it is stored by distributed hosts – but the entire marketplace is managed by a blockchain.
- dozzie 10y agoAnd how does the timestamping that blockchain provides help in managing the storage? To me it still looks like a job for a DHT. The only thing I can think up is that the registry of files is replicated in the whole through the blockchain, but then it needs a ton of excessive work just to put a timestamp that will not be used, and the whole system would be better off with a gossip-based registry replication.