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Even with a “new type of blockchain” (whatever that means), “permanent” isn’t something I’d trust a startup with. Even “lifetime” deals from profitable establis
by adzicg 7y ago
Even with a “new type of blockchain” (whatever that means), “permanent” isn’t something I’d trust a startup with. Even “lifetime” deals from profitable established companies tend to run into horrible problems a few decades later [1], when unexpected trends appear. Average company lifespan is now in a low number of decades [2], and startups tend to be at the lower end of that curve just by the nature of being more experimental.
1 - https://thehustle.co/aairpass-american-airlines-250k-lifetime-ticket/ https://thehustle.co/aairpass-american-airlines-250k-lifetim...
2 - https://www.cnbc.com/2017/08/24/technology-killing-off-corporations-average-lifespan-of-company-under-20-years.html https://www.cnbc.com/2017/08/24/technology-killing-off-corpo...
- deweller 7y agoThis is less about trusting the company and more about trusting the viability of the blockchain should the company go away. If the blockchain continues to exist and it is economically viable, then the content will remain. What I don't understand is how users are economically incentivized to store old content when no one is paying for it any more. I haven't read the yellow paper yet, but I assume that new users end up paying for the costs of hosting the legacy content.
- samwilliams 7y agoHey dweller! That isn't the mechanism. What happens instead is akin to an endowment for payment of storage. An outline is found here: https://www.arweave.org/faqs.html#what-is-a-storage-endowment https://www.arweave.org/faqs.html#what-is-a-storage-endowmen... And the paper has the full details: https://www.arweave.org/files/arweave-yellowpaper.pdf https://www.arweave.org/files/arweave-yellowpaper.pdf