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Anybody with a better understanding of filecoin - can you explain how the protocol can tell the difference between a legitimate hardware failure and a storage m
by solatic 9y ago
Anybody with a better understanding of filecoin - can you explain how the protocol can tell the difference between a legitimate hardware failure and a storage miner who stores the uploaded file, signs proof of replication to the blockchain, then immediately deletes the file so that he can "store" more files, collecting more payment, and then refuse delivery upon download request, claiming hardware failure?
Does the blockchain have some way to prevent miners from double-spending their storage space? Is payment only collected upon retrieval, allowing Filecoin to be abused for storing backups that are rarely retrieved?
- stebalien 9y ago> can you explain how the protocol can tell the difference between a legitimate hardware From the perspective of the network, there is no difference. When you agree to dedicate some storage to the network, you post a collateral in FIlecoin. If you lose something you've agreed to store (fail to prove that you're storing it when asked to do so by the network), you pay a penalty out of your collateral. > Is payment only collected upon retrieval No. Storage miners continuously prove (probabilistically) to the network that they're storing the files they've agreed to store.