Re:Filecoin Foundation Grants 50k FIL to the Internet Archive
by djwhitt on Thursday April 01, 2021 @04:52PM
(#26665873)
People have to keep renewing the contract to pay for those copies though. Afaik there's nothing that guarantees people will maintain them indefinitely after the contract expires.
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Re:Filecoin Foundation Grants 50k FIL to the Internet Archive
by thebean11 on Thursday April 01, 2021 @04:54PM
(#26665890)
Yeah that's right, I'm not sure how you could possibly value or incentivize indefinite storage. All storage mediums are consumable and require upkeep, a "one time" pricing model doesn't really make sense.
Re:Filecoin Foundation Grants 50k FIL to the Internet Archive
by djwhitt on Thursday April 01, 2021 @04:56PM
(#26665908)
Arweave (https://www.arweave.org/) is attempting it. Of course, we'll have to wait and see if they're successful.
Re:Filecoin Foundation Grants 50k FIL to the Internet Archive
by thebean11 on Thursday April 01, 2021 @04:58PM
(#26665933)
I would assume that eventually the cost of "old storage" will be too much and new payments wouldn't be able to subsidize it anymore (sort of like a failing Ponzi scheme) but to be fair I haven't heard of this. Thanks for the link!
Re:Filecoin Foundation Grants 50k FIL to the Internet Archive
by djwhitt on Thursday April 01, 2021 @05:23PM
(#26666229)
You're welcome! I have some questions about how the network is going to play out over time wrt mining centralization and access incentivization, but their overall funding model seems sound to me. It's based an endowment that pays out over time to fund storage mining. Their yellow paper (https://www.arweave.org/yellow-paper.pdf) is worth a read if you want to learn about all the details.