Filecoin – Data storage network and crypto-currency based on Bitcoin

Re:Filecoin – Data storage network and crypto-currency based... by JeremyBanks on Friday July 18, 2014 @05:42PM (#8055772)

Very interesting. Are files expected to be stored forever, even if they're never requested?

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Re:Filecoin – Data storage network and crypto-currency based... by trevorcreech on Friday July 18, 2014 @06:03PM (#8055836)

Yes. Filecoin uses proof-of-retrievability i.e. you prove that you can access arbitrary parts of a file without needing to always provide the whole file.

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Re:Filecoin – Data storage network and crypto-currency based... by JeremyBanks on Friday July 18, 2014 @07:01PM (#8056030)

Hmm. Does this mean that the cost of storing new data over time will grow, to support the larger and larger amount of existing data that needs to be stored?

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