Re:Bitcoin, Ethereum, Blockchain, Tokens, ICOs: Why Should A...
by hudon on Wednesday July 05, 2017 @08:32PM
(#14707321)
Sia is going to have a hard time defending the content that their system will end up hosting... But ethics aside, if the tech works, why can't the nodes be paid in Bitcoin? If payments are the only piece missing in making this work, as you say, why does their computation need to run on the blockchain?
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Re:Bitcoin, Ethereum, Blockchain, Tokens, ICOs: Why Should A...
by Geee on Wednesday July 05, 2017 @09:46PM
(#14707610)
Sia could probably run on Bitcoin or Ethereum, but that's not relevant to the question. Blockchain smart contracts enable file contracts and other features that make Sia work. The smart contracts determine how hosts are paid, what happens if they lose files etc. Everything just works without any central authority or payment processor because of the blockchain.
https://support.sia.tech/knowledge_base/topics/why-do-you-ha...
To the first question: "Sia" doesn't have to defend anything, because Sia is software, and not a legal entity. The developers have no control, authority or ownership of the network, and thus are not legally responsible for the contents. Individual hosts are responsible for the content that they host, and will have to respond to legal queries and remove illegal content.