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> Why is the payment method based on a crypto coin? A blockchain gives a way to make a payment and provide identity/ecrypt functions to keep the resource priva
by kordlessagain 6y ago
> Why is the payment method based on a crypto coin?
A blockchain gives a way to make a payment and provide identity/ecrypt functions to keep the resource private while it is active.
Yes, one could create a system that attaches other authentication (user/pass or oauth), but then one has to create/connect a payment system which then uses that login information in conjunction with credit card information. To sell a product online taking credit cards requires an excess of 10 pieces of information that must be provided by the user.
In the case of compute resources, I may want to deal with 100s of providers to host my resources (blog, images, video, code) and I'd need to use an intermediary if I wanted to be efficient about it.
With something like Lightning payments, a system like this can provide resources without the need for a "signup" process or intermediary.
> can I be sure that if I upload something today worth $2/month, in 2 years I will still be paying this much or less?
What does the future value of a fiat currency have to do with the current rate of storage on something like AWS? Would those prices not go up if the currency was undergoing deflation? Would you not have paid less integer values before the deflation? Would you not pay more integer values after? Where does something like AWS provide cost protection, other than spot instances?
If you create a crypto contract and put the funds in escrow, then there is ZERO ways for the cost to go up over the life of the contract. Other than a bad actor scenario, which is why having multiple providers is the way to go.
- viraptor 6y ago> I may want to deal with 100s of providers to host my resources (blog, images, video, code) and I'd need to use an intermediary if I wanted to be efficient about it Why multiple providers? With no-features data storage, S3 can easily provide that without an intermediary and in a pretty well automated way. > Would those prices not go up if the currency was undergoing deflation? Unless you're in a country with very unstable currency, the exchange rate change will be very slight. Sia changed ~60x over the last 2 years, which is significant. The price of course won't change during the contract, but what happens after is not trivial to plan for.