Re:The Edited Latecomer’s Guide to Crypto
by flaque on Monday March 28, 2022 @04:11PM
(#30834999)
> Thank you for replying :)
Of course! Feel free to send me an email if you'd like to grab virtual coffee and talk more. I'm evan [at] strangemood [dot] org.
> I'm a but confused here on the ownership - if its the purchaser or the seller who is in control. Filecoin isn't free so i assume one of these groups has to be footing the bill.
Ah! This is what DAOs are for.
A percentage of every sale goes to a community treasury (a wallet). That wallet is collectively controlled by a token. That token is minted to sellers upon purchase, so the sellers control the treasury.
The treasury acts as a "payer of last resort". It pays for Filecoin deals basically. It also can pay maintainers of open source tooling through decentralized Quadratic funding grants (see https://wtfisqf.com/).
Rebase (the company that makes Strangemood) peer's the store's small-file metadata (titles, descriptions, etc) as an additional backup. We don't have to do this, but it costs us about $0.15 per year to do so, and it makes the network faster and safer.
Realistically, DAOs might be a janky solution. I'd love to see payment of file store be included within the protocol itself.
But there's a few quirks of Solana that made this difficult. Specifically, you can't use more than 1024 bytes in a single instruction, which limits the scope of the program. This might be fixed in the future though.
Of course! Feel free to send me an email if you'd like to grab virtual coffee and talk more. I'm evan [at] strangemood [dot] org.
> I'm a but confused here on the ownership - if its the purchaser or the seller who is in control. Filecoin isn't free so i assume one of these groups has to be footing the bill.
Ah! This is what DAOs are for.
A percentage of every sale goes to a community treasury (a wallet). That wallet is collectively controlled by a token. That token is minted to sellers upon purchase, so the sellers control the treasury.
The treasury acts as a "payer of last resort". It pays for Filecoin deals basically. It also can pay maintainers of open source tooling through decentralized Quadratic funding grants (see https://wtfisqf.com/).
Rebase (the company that makes Strangemood) peer's the store's small-file metadata (titles, descriptions, etc) as an additional backup. We don't have to do this, but it costs us about $0.15 per year to do so, and it makes the network faster and safer.
Realistically, DAOs might be a janky solution. I'd love to see payment of file store be included within the protocol itself.
But there's a few quirks of Solana that made this difficult. Specifically, you can't use more than 1024 bytes in a single instruction, which limits the scope of the program. This might be fixed in the future though.