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The reason you need to buy some Siacoin in order to become a host is simple - you need collateral in case you fail to fulfill your hosting contracts - collatera
by rightos 9y ago
The reason you need to buy some Siacoin in order to become a host is simple - you need collateral in case you fail to fulfill your hosting contracts - collateral of more than the value of those hosting contacts themselves. Turn off or not, that seems to be the only reasonable way to achieve private hosting contracts to me
- hobofan 9y agoSure, I realize that it is for collateral. Nonetheless, that is why I spend my time doing stuff with IPFS rather than Siacoin. I tried to answer your question about why people are hyped for IPFS/Filecoin (some only for one of the two) rather than the alternatives. It is not only because IPFS/Filecoin are "flashy", but because contrary to your claim developers _did_ have something working to play with from the same developers for quite some time which is also superior in some regards (public hosting).