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> Arweave has developed a system for data storage which makes it economically sustainable and feasible to store data for centuries I see no evidence that this
by solidasparagus 6y ago
> Arweave has developed a system for data storage which makes it economically sustainable and feasible to store data for centuries
I see no evidence that this is true. Look at their economic analysis[1]. It uses an extremely idealized view of the cost of storing data - they assume that cost of permanent storage is solely a product of the cost of a hard drive and the rate at which hard drives fail. They ignore so many real world costs - internet costs, electricity costs, paying for space to store the hard drive, maintenance cost, opportunity cost, transition costs (i.e. when the hard drive changes hands, the effort to ensure there is a new maintainer).
[1] arweave.org/yellow-paper.pdf (section 3.2.2)