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I've been building in, and watching, this space for 5+ years. It's incredibly difficult for several reasons: 1. Business model - people won't want to pay more
by elamje 3y ago
I've been building in, and watching, this space for 5+ years. It's incredibly difficult for several reasons:
1. Business model - people won't want to pay more than a few bucks a month (think Dropbox/G Drive) for this service. But unlike those, this service is much smaller TAM and much more litigious
2. Company structure - How can you ensure people's belongings will be in good hands forever, or at least a really long time. C Corp? Non-profit? What happens if your company dies?
3. Technical decisions - How can you ensure you've picked a provider that will last as long as your company?
This was one of the few interesting use cases of crypto, since it partially fixes each of these problems, but then you are back at square 1 when you realize mass market doesn't want to rely on crypto backed tech or business model.
TBD on how this problem will be solved, but I'm highly interested in it and quit my job years ago to pursue a version of digital time-capsules. It's just not a straightforward SaaS once you get into the weeds.