Re:Is Filecoin a $257 million Ponzi scheme? [pdf]
by rightos on Thursday November 30, 2017 @02:20PM
(#15818653)
The reason you need to buy some Siacoin in order to become a host is simple - you need collateral in case you fail to fulfill your hosting contracts - collateral of more than the value of those hosting contacts themselves. Turn off or not, that seems to be the only reasonable way to achieve private hosting contracts to me
Re:Is Filecoin a $257 million Ponzi scheme? [pdf]
by hobofan on Thursday November 30, 2017 @03:26PM
(#15819197)
Sure, I realize that it is for collateral. Nonetheless, that is why I spend my time doing stuff with IPFS rather than Siacoin.
I tried to answer your question about why people are hyped for IPFS/Filecoin (some only for one of the two) rather than the alternatives. It is not only because IPFS/Filecoin are "flashy", but because contrary to your claim developers _did_ have something working to play with from the same developers for quite some time which is also superior in some regards (public hosting).
Re:Is Filecoin a $257 million Ponzi scheme? [pdf]
by XR0CSWV3h3kZWg on Thursday November 30, 2017 @02:19PM
(#15818641)
If you just want enough siacoin to become a host I can probably send some over. I already have some and haven't gotten around to hosting yet.
Re:Is Filecoin a $257 million Ponzi scheme? [pdf]
by hobofan on Thursday November 30, 2017 @03:58PM
(#15819468)
Thanks for the offer, but from what I've read over the last hours I'm not really too eager to try it out anymore.
Re:Is Filecoin a $257 million Ponzi scheme? [pdf]
by XR0CSWV3h3kZWg on Thursday November 30, 2017 @04:17PM
(#15819624)
Fair enough, I'd like to hear what you think/read if you'd like to share.
And is intended to run on an IPFS network. After reading the replies to this comment, I started looking into Sia, and wanted to try it out, but it seems that I first have to buy some Sia before even being able to become a host (!), which is an instant turnoff.
At the same time, I am already able to try out IPFS and have been able to develop apps using it for quite some time. I am not sure what the plans are with Filecoin, but IPFS also has a default-public (hosting) use case, while as of now Siacoin has private-only.