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Accounts are free, but interaction is not. There's a stake to be lost in these transactions.
by tenaciousDaniel 9y ago
Accounts are free, but interaction is not. There's a stake to be lost in these transactions.
- goldenkey 9y agoOne thing that these networks don't seem to protect well against are fake peers that request data but dont provide it. These currencies and coins have been lucky in that regard and have prevented some of it by seeding their own trusted peers as the initial peer neighborhood. But is this true decentralization? Seems a bit obtuse. To add to the baffle, IPFS started using bitcoin and ethereum for storing the initial peer data for new clients to connect to. Its a web... maybe thats ok. Are things allowed to be this tangled? ;-)
- lgierth 9y ago> To add to the baffle, IPFS started using bitcoin and ethereum for storing the initial peer data for new clients to connect to. This is false. Where did you get that impression?
- goldenkey 9y agoYou are absolutely wrong. https://en.m.wikipedia.org/wiki/InterPlanetary_File_System https://en.m.wikipedia.org/wiki/InterPlanetary_File_System In 2014, the IPFS protocol took advantage of the Bitcoin blockchain protocol and network infrastructure in order to store unalterable data, remove duplicated files across the network, and obtain address information for accessing storage nodes to search for files in the network. https://cointelegraph.com/news/ipfs-protocol-selects-ethereum-over-bitcoin-prefers-ethereum-dev-community https://cointelegraph.com/news/ipfs-protocol-selects-ethereu... https://mobile.twitter.com/Alex_Amsel/status/778440701902139393 https://mobile.twitter.com/Alex_Amsel/status/778440701902139...
- lgierth 9y agoAh, thanks - you're half right :) The plan for Filecoin was initially (in 2014) to be based on Bitcoin, but since then this changed to its own Proof-of-Replication and Proof-of-Spacetime, reusing parts of Ethereum. IPFS itself has never had any cryptocurrency integration, although there are external services that store your data on their IPFS nodes in exchange for Bitcoin. (source: https://filecoin.io/blog/update-2017-q4/ https://filecoin.io/blog/update-2017-q4/ and I'm on the IPFS team)