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What is the difference between Filecoin and Siacoin? I thought Siacoin already proved renting out storage space was pointless?

thinkloop 9y ago
What do you mean by that, when did sia prove that
- acejam 9y ago
  Siacoin has had a working decentralized storage network for months. Filecoin is literally vaporware at this point.
  - detaro 9y ago
    And in what way have they proved that renting out storage is pointless? Is there no availability, are the prices to high, ...?
    - acejam 9y ago
      Sorry, didn't mean it's pointless, I meant to say they have proved that this concept/idea can work. Siacoin has been up and running for a while now and works very well given how young the concept is. They have a great dev team backing them too.
ericflo 9y ago
For what it's worth, I could not be more excited about Siacoin. I think both it and Filecoin are, along with the nascent self-sovereign identity providers, the most important projects in the tech industry right now.
- nickonline 9y ago
  Distributed storage is pretty neat definitely On your second point self-sovereign IDPs are not going to become a thing, it's a huge chicken and egg problem, consumers don't care because there's no merchants on board and as a result merchants don't care. The only real option is to extend out from something that already exists, has a large customer base, and that you true to be secure. That way you solve for the chicken and only need to make an egg. It could be social media (FB, LinkedIn, Insta, SNAP), private (teleco, bank, ISP) or gov but the point is ou already need that critical mass as identity is a secondary benefit to a consumer (at least right now).
  - ericflo 9y ago
    I think we’re about to see a whole new class of browsers and app platforms emerge in order to exchange small amounts of cryptocurrencies for incremental services on the internet. It will start with ideologues who believe in a distributed internet or whatever, but what will quickly happen is people will learn the value of their personal digital output and monetizing ones own data will become the driving incentive for adoption.

thinkloop 9y ago

What do you mean by that, when did sia prove that

acejam 9y ago
Siacoin has had a working decentralized storage network for months. Filecoin is literally vaporware at this point.
- detaro 9y ago
  And in what way have they proved that renting out storage is pointless? Is there no availability, are the prices to high, ...?
  - acejam 9y ago
    Sorry, didn't mean it's pointless, I meant to say they have proved that this concept/idea can work. Siacoin has been up and running for a while now and works very well given how young the concept is. They have a great dev team backing them too.

ericflo 9y ago

For what it's worth, I could not be more excited about Siacoin. I think both it and Filecoin are, along with the nascent self-sovereign identity providers, the most important projects in the tech industry right now.

nickonline 9y ago
Distributed storage is pretty neat definitely On your second point self-sovereign IDPs are not going to become a thing, it's a huge chicken and egg problem, consumers don't care because there's no merchants on board and as a result merchants don't care. The only real option is to extend out from something that already exists, has a large customer base, and that you true to be secure. That way you solve for the chicken and only need to make an egg. It could be social media (FB, LinkedIn, Insta, SNAP), private (teleco, bank, ISP) or gov but the point is ou already need that critical mass as identity is a secondary benefit to a consumer (at least right now).
- ericflo 9y ago
  I think we’re about to see a whole new class of browsers and app platforms emerge in order to exchange small amounts of cryptocurrencies for incremental services on the internet. It will start with ideologues who believe in a distributed internet or whatever, but what will quickly happen is people will learn the value of their personal digital output and monetizing ones own data will become the driving incentive for adoption.