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Hey, yeah. I found out about permacoin (which is great!) after designing this construction. Turns out that permacoin and filecoin are really compatible, and com
by _prometheus 12y ago
Hey, yeah. I found out about permacoin (which is great!) after designing this construction. Turns out that permacoin and filecoin are really compatible, and complementary. amiller and I will be talking about it in the near future. (btw, permacoin's non-outsourceability is a great contribution! it should also be added to regular bitcoin)
And, to answer your question, I didn't cite permacoin here because I would have to address a whole range of things like how they overlap/differ/which one is good for what parts. Perhaps I should've, but I think it's best left to a future paper (hinted at in the discussion). Stay tuned! :)
- leni536 12y agoI hope you can take more hints from permacoin. There is an important economical point in permacoin's whitepaper: "The expected reward per unit of work is approximately constant, even for very small investments of computational effort. This prevents large participants from monopolizing the system and driving out ordinary participants." Maybe I don't have a deep understanding how filecoin works, but as far as I know if you don't have the storage capacity which can even reach the current difficulty then you have an expected reward of 0. Maybe it's a non-issue and the difficulty will never reach let's say 10MB, but if it reaches 1TB then it will be really hard to hop in the mining business.