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You forgot that blockchain enables capitalism and free markets on decentralized applications. Voluntarist models such as BitTorrent don't quite work, as we know
by Geee 9y ago
You forgot that blockchain enables capitalism and free markets on decentralized applications. Voluntarist models such as BitTorrent don't quite work, as we know (BitTorrent only works for popular files).
This is a huge paradigm shift, and it will enable revival of all kinds of P2P applications, and actually make them viable and able to compete with centralized solutions. There's Sia for decentralized storage (StorJ is not decentralized) and Mysterium for decentrarized VPN, etc.
- hudon 9y agoSia is going to have a hard time defending the content that their system will end up hosting... But ethics aside, if the tech works, why can't the nodes be paid in Bitcoin? If payments are the only piece missing in making this work, as you say, why does their computation need to run on the blockchain?
- Geee 9y agoSia could probably run on Bitcoin or Ethereum, but that's not relevant to the question. Blockchain smart contracts enable file contracts and other features that make Sia work. The smart contracts determine how hosts are paid, what happens if they lose files etc. Everything just works without any central authority or payment processor because of the blockchain. https://support.sia.tech/knowledge_base/topics/why-do-you-have-your-own-coin-and-blockchain https://support.sia.tech/knowledge_base/topics/why-do-you-ha... To the first question: "Sia" doesn't have to defend anything, because Sia is software, and not a legal entity. The developers have no control, authority or ownership of the network, and thus are not legally responsible for the contents. Individual hosts are responsible for the content that they host, and will have to respond to legal queries and remove illegal content.