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People have to keep renewing the contract to pay for those copies though. Afaik there's nothing that guarantees people will maintain them indefinitely after the
by djwhitt 6y ago
People have to keep renewing the contract to pay for those copies though. Afaik there's nothing that guarantees people will maintain them indefinitely after the contract expires.
- thebean11 6y agoYeah that's right, I'm not sure how you could possibly value or incentivize indefinite storage. All storage mediums are consumable and require upkeep, a "one time" pricing model doesn't really make sense.
- djwhitt 6y agoArweave (https://www.arweave.org/ https://www.arweave.org/) is attempting it. Of course, we'll have to wait and see if they're successful.
- thebean11 6y agoI would assume that eventually the cost of "old storage" will be too much and new payments wouldn't be able to subsidize it anymore (sort of like a failing Ponzi scheme) but to be fair I haven't heard of this. Thanks for the link!
- djwhitt 6y agoYou're welcome! I have some questions about how the network is going to play out over time wrt mining centralization and access incentivization, but their overall funding model seems sound to me. It's based an endowment that pays out over time to fund storage mining. Their yellow paper (https://www.arweave.org/yellow-paper.pdf https://www.arweave.org/yellow-paper.pdf) is worth a read if you want to learn about all the details.