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A comment on Major crypto lender Celsius freezes withdrawals as markets tumble. Parent comment

Re:Major crypto lender Celsius freezes withdrawals as market... by capableweb on Monday June 13, 2022 @07:53AM (#31724155)
Not sure about others, but Filecoin uses cryptographic storage proofs to verify that data is stored correctly.

Otherwise I'd agree with you, if there is no guarantee that data is stored correctly, there is no point, might as well use S3.

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Re:Major crypto lender Celsius freezes withdrawals as market... by vesinisa on Monday June 13, 2022 @08:07AM (#31724298)
Indeed, here is an explanation of the proof protocol used: https://spec.filecoin.io/algorithms/pos/post/

I wonder if that has ever been tested by bad actors. For Bitcoin, the proof of how the network is resilient against sub-50% attacks is simple enough.

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