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> I don't think you need to incentivise people to host each other's data. Bitcoin is worth a trillion dollar. Meanwhile 20+ years of effort into creating P2P n

> I don't think you need to incentivise people to host each other's data. Bitcoin is worth a trillion dollar. Meanwhile 20+ years of effort into creating P2P networks has resulted in pretty much nothing. No Linux distributions are hosted on P2P. No source control is on P2P. No messaging. Nothing of significance. Just a few tech demos here and there. Proper incentives can make all the difference and given the utter failure of getting any non-incentivised P2P off the ground in the last two decades, I think it's safe to say, it will be necessary. I don't see much point in repeating what hasn't worked in the past. > and they may host others' data for free like in BitTorrent BitTorrent isn't free. All the fancy piracy sites have share ratios. The public stuff more often than not has 0 seeders, lots of leechers and is just a lot of dead torrents in general. You are better off just using a centralized share hoster. Even your average Linux distribution agrees. BitTorrent might still be offered for ISO downloads, but it's hardly ever the default anymore, it's all back to plain old HTTPS.

cowtools 4y ago
>Bitcoin is worth a trillion dollar. Bitcoin is """"worth"""" a trillion dollars. It's not a free money machine, It's is a shitty payment system, not a P2P network unless you are sharing your blog over OP_RETURN. >Meanwhile 20+ years of effort into creating P2P networks has resulted in pretty much nothing IDK bittorrrent and IPFS just work without inventing a free money machine. You can download linux install disks over BitTorrent. >No source control is on P2P With a system like Git there is no need for such a centralized system. Each user has their own copy of the tree. >BitTorrent isn't free Bullshit. It is free. Go on TPB, it's still up. I use it every day and it is leagues faster than any alternative.
- a3w 4y ago
  If someone sells 100 billion USD of bitcoins, the rest won't be worth 900 billion USD any more. A market price does not work that way. The rest would probably be worth another 100 billion or nothing at all. The price would drop even while selling off the first 10%, so even getting 10% of the nominal value out could be impossible when owning every last one at the start. Or to put it another way: No one, at any point, put that much money into the system. Also, it costs our environment a lot. Soon I would join the ranks of luddites, if science and anything digital was not that much more interesting to me than plainly surviving.

cowtools 4y ago

>Bitcoin is worth a trillion dollar. Bitcoin is """"worth"""" a trillion dollars. It's not a free money machine, It's is a shitty payment system, not a P2P network unless you are sharing your blog over OP_RETURN. >Meanwhile 20+ years of effort into creating P2P networks has resulted in pretty much nothing IDK bittorrrent and IPFS just work without inventing a free money machine. You can download linux install disks over BitTorrent. >No source control is on P2P With a system like Git there is no need for such a centralized system. Each user has their own copy of the tree. >BitTorrent isn't free Bullshit. It is free. Go on TPB, it's still up. I use it every day and it is leagues faster than any alternative.

a3w 4y ago
If someone sells 100 billion USD of bitcoins, the rest won't be worth 900 billion USD any more. A market price does not work that way. The rest would probably be worth another 100 billion or nothing at all. The price would drop even while selling off the first 10%, so even getting 10% of the nominal value out could be impossible when owning every last one at the start. Or to put it another way: No one, at any point, put that much money into the system. Also, it costs our environment a lot. Soon I would join the ranks of luddites, if science and anything digital was not that much more interesting to me than plainly surviving.