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I'd love to get more clarity on this: are you saying that FileCoin's innovation of "proof-of-storage blockchain" is inherently useless (or useless in comparison

I'd love to get more clarity on this: are you saying that FileCoin's innovation of "proof-of-storage blockchain" is inherently useless (or useless in comparison to centralized alternatives, like AWS's S3), and therefore FileCoin is a money-grab? Or are you saying that the incentive structure employed was unfairly favorable to only some participants in the system? Or are you saying something else? I am trying to form informed opinions on this space, so I'd really appreciate an answer!

threeseed 4y ago
> or useless in comparison to centralized alternatives Filecoin may not be centralised the same as AWS but they are centralised in other ways. Any time you have a project like this with $250+ million in VC investment there is going to be an inherent conflict in their goals and motivations versus other contributors to the project. It's like Spark, MongoDB, Cassandra etc. Yes they are open-source. But the billion dollar companies that are behind them hold all the cards and will win against any attempt to take the project in a direction they don't like.
- davidatbu 4y ago
  In this case, I'm happy to use another adjective like "traditional cloud" or something. My inquiry is into why @sub7 thinks FileCoin is a money-grab.
sdfhdhjdw3 4y ago
Why exactly do you call S3 "centralized"? You can distribute it around the world if you choose to.
- davidatbu 4y ago
  In this case, I'm happy to use another adjective like "traditional cloud" or something. My inquiry is into why @sub7 thinks FileCoin is a money-grab.
  - sdfhdhjdw3 4y ago
    Almost all coins are money-grabs. At this stage I default to assuming a coin is a money grab, and expect them to convince me it's not. Maybe the person you were talking to is the same.
    - davidatbu 4y ago
      @sub7 specifically called out FileCoin as a money grab, I don't understand their reasoning (which might be because I'm a newbie to FileCoin/web3). And from @sub7's reply to @TheIronYuppie, it doesn't look like they are willing to explain further. If somebody else could perhaps speculate about the detailed reasoning behind @sub7's claims (or even their own reasoning as to why FileCoin is a money-grab), that would also be great.
- yellowapple 4y ago
  S3 is owned and operated by a single entity (Amazon), with all data stored on and served by that single entity's servers - i.e. it's centralized. Nowadays there are other companies offering S3-compatible file storage, so at best "S3-compatible" would be federated, but compared to something like IPFS that's much closer to the "centralized" end of the spectrum than to the "decentralized" end. That is: decentralization is a separate concern from geographic distribution; the former pertains to control/ownership over the data and the hardware storing it, and in S3's case that control/ownership is centralized into a single corporation.

threeseed 4y ago

> or useless in comparison to centralized alternatives Filecoin may not be centralised the same as AWS but they are centralised in other ways. Any time you have a project like this with $250+ million in VC investment there is going to be an inherent conflict in their goals and motivations versus other contributors to the project. It's like Spark, MongoDB, Cassandra etc. Yes they are open-source. But the billion dollar companies that are behind them hold all the cards and will win against any attempt to take the project in a direction they don't like.

davidatbu 4y ago
In this case, I'm happy to use another adjective like "traditional cloud" or something. My inquiry is into why @sub7 thinks FileCoin is a money-grab.

sdfhdhjdw3 4y ago

Why exactly do you call S3 "centralized"? You can distribute it around the world if you choose to.

davidatbu 4y ago
In this case, I'm happy to use another adjective like "traditional cloud" or something. My inquiry is into why @sub7 thinks FileCoin is a money-grab.
- sdfhdhjdw3 4y ago
  Almost all coins are money-grabs. At this stage I default to assuming a coin is a money grab, and expect them to convince me it's not. Maybe the person you were talking to is the same.
  - davidatbu 4y ago
    @sub7 specifically called out FileCoin as a money grab, I don't understand their reasoning (which might be because I'm a newbie to FileCoin/web3). And from @sub7's reply to @TheIronYuppie, it doesn't look like they are willing to explain further. If somebody else could perhaps speculate about the detailed reasoning behind @sub7's claims (or even their own reasoning as to why FileCoin is a money-grab), that would also be great.
yellowapple 4y ago
S3 is owned and operated by a single entity (Amazon), with all data stored on and served by that single entity's servers - i.e. it's centralized. Nowadays there are other companies offering S3-compatible file storage, so at best "S3-compatible" would be federated, but compared to something like IPFS that's much closer to the "centralized" end of the spectrum than to the "decentralized" end. That is: decentralization is a separate concern from geographic distribution; the former pertains to control/ownership over the data and the hardware storing it, and in S3's case that control/ownership is centralized into a single corporation.