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Looks like there are at least three semi serious storage related blockchains: sia, filecoin and storj. Are any of these reasonable to actually use at this poin

Looks like there are at least three semi serious storage related blockchains: sia, filecoin and storj. Are any of these reasonable to actually use at this point? It looks like siacoin doesn't actually allow for true backups yet. Filecoin hasn't launched. Haven't looked into storj much yet.

thewelder 9y ago
Once upon a time I stumbled upon vitalik's post 'Secret Sharing and Erasure Coding: A Guide for the Aspiring Dropbox Decentralizer'[1] and thought it was the coolest thing since sliced bread. I think storj is a working implementation of that (more or less). [1]https://blog.ethereum.org/2014/08/16/secret-sharing-erasure-coding-guide-aspiring-dropbox-decentralizer/ https://blog.ethereum.org/2014/08/16/secret-sharing-erasure-...
nemo1618 9y ago
None of them are ready to use in a serious capacity yet. However, Sia's network has been live for 2 years now, and people are forming smart contracts, getting paid to host data, and backing up real files on the network. The fundamentals are solid -- it's just Bitcoin with one extra transaction type -- but there's a lot of potential left to be explored. Based on the Filecoin announcement, they are building something very similar to Sia. It appears to depart from traditional Bitcoin proof-of-work consensus though. I'm looking forward to reading their whitepaper. Disclaimer: I'm one of the co-founders of Sia.
- dando 9y ago
  Sia to the moon?
- placeybordeaux 9y ago
  I was under the impression that you can't currently recover your files from a seed on sia. Is that correct? I was also wondering if siacoin is LN compatible. Can you speak to that? It looks like there is something similar up, but will I be able to pay for storage with any other LN compatible coin? I'd have loved to see the value of coins like these that are supposed to provide a specific economic utility have their value essentially determined by it. For instance you could simply mint new bitseconds * mining efficiency each time that someone issues a proof of storage over a given time period. This way the value of bitseconds shouldn't never go above the real price for storage over time. Obviously you'd need to set the mining efficiency below 1 to encourage people to actually store user files, or else it'd always be more profitable to just store for the mining rewards.

thewelder 9y ago

Once upon a time I stumbled upon vitalik's post 'Secret Sharing and Erasure Coding: A Guide for the Aspiring Dropbox Decentralizer'[1] and thought it was the coolest thing since sliced bread. I think storj is a working implementation of that (more or less). [1]https://blog.ethereum.org/2014/08/16/secret-sharing-erasure-coding-guide-aspiring-dropbox-decentralizer/ https://blog.ethereum.org/2014/08/16/secret-sharing-erasure-...

nemo1618 9y ago

None of them are ready to use in a serious capacity yet. However, Sia's network has been live for 2 years now, and people are forming smart contracts, getting paid to host data, and backing up real files on the network. The fundamentals are solid -- it's just Bitcoin with one extra transaction type -- but there's a lot of potential left to be explored. Based on the Filecoin announcement, they are building something very similar to Sia. It appears to depart from traditional Bitcoin proof-of-work consensus though. I'm looking forward to reading their whitepaper. Disclaimer: I'm one of the co-founders of Sia.

dando 9y ago
Sia to the moon?
placeybordeaux 9y ago
I was under the impression that you can't currently recover your files from a seed on sia. Is that correct? I was also wondering if siacoin is LN compatible. Can you speak to that? It looks like there is something similar up, but will I be able to pay for storage with any other LN compatible coin? I'd have loved to see the value of coins like these that are supposed to provide a specific economic utility have their value essentially determined by it. For instance you could simply mint new bitseconds * mining efficiency each time that someone issues a proof of storage over a given time period. This way the value of bitseconds shouldn't never go above the real price for storage over time. Obviously you'd need to set the mining efficiency below 1 to encourage people to actually store user files, or else it'd always be more profitable to just store for the mining rewards.