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Here I am thinking there's finally a working file storage coin for truly decentralized and anonymous file hosting and no... it's another proof-of-waste thing.

• ddtaylor 5y ago
  Sia kinda works. I have a few GBs of data on the network and it only costs me about $1/yr
  • abricot 5y ago
    That just means that it works for _you_ right _now_.
    • tnzm 5y ago
      What technology emerged fully formed, working for everyone all the time?
• ziml77 5y ago
  They have all this material saying how green it is, but it's a load of bullshit. Which isn't surprising when the early "farmers" have massive financial incentive to lie.
  • Salgat 5y ago
    Yep, all it does is incentivise wasteful manufacturing of storage drives that are then used for nothing actually productive. The chia creators are lying snakes trying to get rich off another premined scamcoin with a bullshit hook to draw in the suckers.
• VHRanger 5y ago
  What's even the point of "decentralized and anonymous file hosting"? There's a bajilion serious hosting providers that have proven their mettle. And when chips come down to it, crypto never is anonymous.
  • PurpleFoxy 5y ago
    The ultimate dream was being able to hook up a few spare hard drives and then earning enough tokens to host your backups for free. The problem is defending against malicious actors makes everything too complex.
    • tnzm 5y ago
      That's... a low bar for an "ultimate dream"? Other than the backups now being offsite, one gains pretty much nothing this way. And there is much to be gained. Any type of centralized service provider is a SPOF. Some companies have vastly better customer service track records than others, but their internal operations are fundamentally non-transparent, and driven by a particular implementation of the profit motive. Interacting with a centralized service provider requires you to expose yourself to poorly quantifiable risks - hacking, internal abuse, government interventions, datacenter fires - and in ways not strictly required by the task of data storage - such as a breach leaving your data untouched but stealing your CC number or other credentials. A better candidate for "the ultimate dream" would be cryptoprotocol-based participatory networks becoming more flexible, more efficient, more resilient, and more accessible than traditional institutions. That's still far away, it seems - and Goliath won't give up without a fight anyway.
  • tnzm 5y ago
    What's even the point of a moon landing?