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Two important advantages Filecoin has over bunglemudgeons are: 1. Filecoin has a market with liquidity. Archive.org could sell their coins for roughly $9.7m.
by Jaxkr 6y ago
Two important advantages Filecoin has over bunglemudgeons are:
1. Filecoin has a market with liquidity. Archive.org could sell their coins for roughly $9.7m.
2. Filecoin can currently be used to purchase reliable cloud storage at a significantly lower cost than AWS or GCP.
I can definitely relate to cynicism towards crypto/blockchain, particularly in the defi sector, but Filecoin is doing good work.
- yabadubakta 6y agoThey should take the 9.7 million and manage the storage themselves. The thing is they could host filecoin rigs which also provide the storage so it’s a win win for Filecoin and also internet archive
- ac29 6y ago> Filecoin can currently be used to purchase reliable cloud storage at a significantly lower cost than AWS or GCP. I spent a little while looking at their site and docs, and I cant find any information on what storage actually costs. Where are you finding this information?
- jimpick 6y agoThere isn’t really a single price. Each miner sets their prices dynamically (off-chain). Some miners set ridiculous prices to scare off load and some even set their prices to zero to attract test deal traffic. Miners have different reliability and business strategies too. If you look at average prices for asks or deals, it can be very misleading.