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Storing the data on a decentralized storage layer seems to achieve all of it and the tech is here now.
by TekMol 5y ago
Storing the data on a decentralized storage layer seems to achieve all of it and the tech is here now.
- encryptluks2 5y agoIt really isn't. IPFS and the likes have to get pinned and pinning for federation still has issues. You'd need a descent amount of users and volunteers to keep something afloat.
- TekMol 5y agoArweave does not need pinning. You pay upfront for 200 years. 1GB is about $10. So storing a tweet is about $0.000001.
- encryptluks2 5y agoAnd what happens if they shut down? I might as well pay Google $10 for 2TB.
- TekMol 5y agoArweave has the same mechanics as Bitcoin: It is based on financial incentives. While Bitcoin miners calculate hashes to get transaction fees, Arweave miners store data to get those fees paid upfront for storage. So the question "what happens in they shut down" is similar to asking "what happens if Bitcoin shuts down?". It is not a single party the suddenly can decide to "shut down".
- encryptluks2 5y agoArweave is not Bitcoin. It isn't even close.