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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 vesinisa on Monday June 13, 2022 @08:15AM (#31724380)
Yeah, I wonder how their pricing compares to e.g. S3. The Filecoin website claims "hypercompetitive pricing" but does not actuall dress that to numbers: https://filecoin.io/store/#decentralize

It sure is a neat hack if they have changed to PoW to Proof-of-Storage, but whether is it actually usable for real-world applications of storing data at scale?

[ Parent | on HN ]
Re:Major crypto lender Celsius freezes withdrawals as market... by archi42 on Tuesday June 14, 2022 @06:06AM (#31736775)
I think the point of a lot of blockchain tech is not to actually solve a real-world problem. For most of these problems you don't need blockchain or there is little extra value to be derived from blockchain. Most of the time, the real-world problem solved by selling "something something blockchain" is that the person selling it needs to earn money somehow.

Honestly, if you pay me money for, I'd sell you "something something blockchain" if that's what you want me to do. Though shutting up about telling you my opinion ("fuck blockchain") will cost extra.

[ Parent | on HN ]