4 ms·
Clearly the Bitcoin skeptics had the better of the debate ;) You must also think "scale" and "market pressures" keep down the price of Windows. Hint: AWS has
by brutaltruth 5y ago
Clearly the Bitcoin skeptics had the better of the debate ;)
You must also think "scale" and "market pressures" keep down the price of Windows.
Hint: AWS has wonderful margins because everything is tied together, and bandwidth charges to get data out are huge. S3 is a great solution for data used on AWS, but costs more than 30x Storj on bandwidth alone ($90/TB for outside access, plus the cost of doing cross-region replication).
If you're going to work from "first principles" it always helps to have the first hint about how markets actually work--and that different products make different trade-offs (local transfer speed and latency vs. cheap global redundancy)
- shuckles 5y agoI’m not sure I follow. By what metrics were the skeptics wrong about Bitcoin as a viable and cheap transaction platform?
- Proven 5y ago> but costs more than 30x Storj on bandwidth alone ($90/TB for outside access, plus the cost of doing cross-region replication). Yeah but if use AWS S3 for off site backups, those huge charges cost me exactly $0/TB. I agree with others - Filecoin and Storj have no meaningful commercial use cases. Who wants to understand how those things work, let alone use it for anything that involves commercial use cases? AWS S3: put, get, delete, pay. Done.