Re:Bitcoin is a Cult
by Taek on Sunday June 24, 2018 @02:13AM
(#17385222)
well, you may not call Sia successful (a cloud storage network with 200 TB of data being actively stored on it), but it uses blockchain to achieve something that it could not achieve without.
[ Parent
| on HN ]
That‘s very little data. And besides it could, of course, be done completely without blockchain even if the data is stored decentralised.
Sia works without any centralized orchestration, enabling you to safely use financially incentivized hosts without needing to know who they are, and allowing you to know that that only get paid if they store your data as promised. The hosts also can be guaranteed that they get paid even if the renter disappears, and you can't achieve those things without a blockchain.