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Why did they create their own cryptocurrency with this? Why not just pay people for their storage space in bitcoin?
by placeybordeaux 12y ago
Why did they create their own cryptocurrency with this? Why not just pay people for their storage space in bitcoin?
- kolev 12y agoA nested bubble is a better bubble.
- Taek 12y agoThey need to store things in the blockchain, namely meta-data. I think there are also a few other changes that they made to the blockchain structure that would have made it very hard to simply use Bitcoin. I imagine that they'll at least merge-mine with Bitcoin.
- super3 12y agoThis exactly. We also wanted to separate the payment protocol from the data protocol. If sidechains or treechains become viable we plan to merge it back in to Bitcoin proper.
- leni536 12y agoThey don't want to host storage space. They want to bootstrap a cryptocurrency backed by storage space and availability as value. Eventually it would lead to a decentralized storage, and you would pay with the cryptocurrency for it.