Filecoin

How long until HDD prices explode?
There will pop several services like this out in near future. Will you mine? Should we buy HDD's as long as they are affordable?

Sources:
filecoin.io/
storj.io/

Other urls found in this thread:

coindesk.com/information/what-can-you-buy-with-bitcoins/
online.net/en/dedicated-server/dedibox-sc
twitter.com/NSFWRedditGif

>all bandwidth is stolen by some pedophiles who use your hardware to safe porn on it and may get you arrested and jailed

No thx

>cryptomeme
All of them except bitcoin are memes. Bitcoin is too, but at least some people are using them (mostly pedos and drug dealers).

I think cloud services do a great job offering shitload of space for a small fee.

Its no fun if i upload 200TB and some neckbeard flips his power switch because mom said he has to sleep.

It will be encrypted

I really don't trust Filecoin. It's like instead of proof of work, let's provide cloud storage because we don't have enough of that for free yet.

Plus, I don't want to end up with somebody else's CP on any device I own.

>It will be encrypted
I don't think that really makes a difference in the eyes of the law. In fact it piss off the cops even more that you're unable to give them the encryption keys.

tough you can buy legal content for buttcoin like VPN, 4chanpass just see coindesk.com/information/what-can-you-buy-with-bitcoins/
jesus crist you can even buy a tesla from Bitcoin

there are tons of people with synchron gigabit internet posting here, which don't even know what to do with it. thus you can limit dl/ul speed ridiciously easily on linux.

Why not rent a root server and give 1/2 or 3/4 storage to filecoin?
online.net/en/dedicated-server/dedibox-sc
~750GB is a good place to start for 9€ and you could use the rest of 250GB for private usage.
If Filecoin is a failture you can still cancel your server suscription
They will have to implement a feature to take down CP, if they haven't already.

Nobody can do shit to you then. You're renting storage, not downloading cp yourself. Neither them or you can do shit about it and they can't do shit to you in court.
That's like being responsible for renting an apartment to a murderer without knowing he is one. You didn't know shit and cannot be charged.

this. you don't get sued for mining buttcoin, even if it's used for criminal activity

let's say I use this service for storing data, what if some fuck just shorts his HDD and my precious tranny porn is lost to the ether? what failsafes exist for hardware failure?

there is no single point of failture, it's decentralised, think of it like a torrent

I like the idea of FileCoin, but I'm straight pissed they walled out 99% of ICO investors by requiring proof of a million$+ bank account.

I totaly agree with you. but it's for limited time before launch (see counter)

Oh man I can't wait for these rich fucks to cabal together and price fix 80% of their stock that they had an entire month to accumulate.

Don't buy it out the gate. Wait a month, or until the chart flattens for a few days and the wallet distribution is smooth.

filecoin uses proof of spacetime (i.e. you stored x space over y time). Not being able to prove spacetime is a violation of the smart contract, i.e. you don't get payed. In addition, filecoin is decentralized and all your data is pre-encrypted. Better yet, it's built on top of IPFS which is in itself a marvel. That's something we don't have yet.

- Sir, is this your machine?
- Yes
- We found CP on it, please come with us.

Good luck explaining what distributed file system is to some old judge who can't turn on computer himself.

It's encrypted, idiot.

bump

How would they know what it is?
It might as well be random data in your computer.

>replying about a topic you don't even have a fundamental understanding of

It's like you don't even care about the quality of the content on this board.

The only way they could find out that there is CP on your computer was if they busted a pedophile and saw that some of his files were located on your computer, but then the computer experts working on the CP case would probably have a high enough IQ to realize that you don't even know what the fuck you are hosting because it's an automated distributed service. And you most likely don't even have the decryption keys, if you had the keys, encrypting the files would be totally pointless in the first place.
So basically, you wouldn't go to prison if they busted some random pedo whose files happened to be hosted on your machine, nor would you go to prison if the police directly searched your computer for unrelated reasons, because they, like you, would have no way of decrypting the files, therefore they couldn't observe their content.

good thing I'm not the only one who doesn't think it's funny to just throw around with busswords, X btfo by Y what is the best [thing] and why is it [place product]

also "Sup Forums is NOT your personal tech support team or personal consumer review site." should be insisted on

>based on bitcoin
oh, do fuck off

I really wonder why the fuck we have a sticky anymore

so it's a bad time to get into ipfs now?

not a bad time, it's a completly new created file system which is going to change the Internet

For something that's supposed to change the internet, I sure don't see much discussion or talk outside of Sup Forums about it.(And barely on Sup Forums at that)

just wait™ you'll see

well i'll check it out then

I'm a bit surprised they decided to "launch" filecoin before having even a toy implementation of it and while IPFS still has some issues that won't make miners happy.

Because it's alpha software for nerds.

So it's like soulseek? Except you get paid? Will I be able to download ancient porn videos from others with a simple search?

Useless "make early investors rich" scheme. No one needs storage like that. End of story.

>filecoin
Are you niggers serious?

>all metadata can be spoofed to trick the smart contract, including the size of your HDD
>make thousands of fake virtual 5-10TB HDDs on an old 100GB HDD
>automatically delete actual files and replace them with spoofed

so what happens if i run this, save a few gigs of some dudes files and then decide fuck it i want my space back and delete his shit. what legal avenues does random guy have to fuck with me for deleting his shit?

Scared S3 shill.

There are techniques proposed in the whitepaper that prevent cheating.

Files are distributed to many nodes, if the guy wants data redundancy he'll pay more to get his stuff on a sufficient number of machines at all times. When the system detects that you have deleted his stuff, it will automatically be redistributed to other nodes. At least that's how I understand it.

>The only way they could find out that there is CP on your computer was if they busted a pedophile and saw that some of his files were located on your computer, but then the computer experts working on the CP case would probably have a high enough IQ to realize that you don't even know what the fuck you are hosting because it's an automated distributed service.
That really won't stop them from arresting you if they want to create a precedent against the aforementioned storage system.
Even if you won't go to jail (and you most likely won't, as you've described), spending time in bullpen will change your mind about using it.

>filecoin
why does every new tech comming out now days have to be propped up by the crypto coin meme?

doesn't everyone see it's just a scam. IPFS already does this shit and it doesn't cost a dime!

Fucking jews man. I swear.

>IPFS already does this shit
No it doesn't.

>Files are distributed to many nodes, if the guy wants data redundancy he'll pay more to get his stuff on a sufficient number of machines at all times.
So you just have to pay X times more and pray that redundancy is real, and your data isn't sent to different machines in same room in some Chinese datacenter, which burns down next day because of the fire on a bitcoin farm next to it?

Sounds reliable.

>Will you mine? Should we buy HDD's as long as they are affordable?

The point is to not buy what you already have, hard disk space laying around.
Also the more people know about this and mine, the less you'll make, so you might never attain ROI

Pedofilecoin, amirite

> Judge orders you to encrypt it
>You can't
> Finds you in contempt of court

Meme or not, it's very good investment if you have brain.
>buy cheap
>sell expensive

>The only way they could find out that there is CP on your computer was if they busted a pedophile and saw that some of his files were located on your computer

You still dont understand how sucdh networks work. This is similar to Freenet.
Each file is split to many pieces (think torrent) but in a way no host ever has more than small number of pieces Then network controls how many copies of this pieces should be in the network so if 1 or 2 hosts disconnect all pieces (and thus whole file) are still availible.
When you add file to the network you do not contol to which hosts it goes and how many copies of pieces there will be.
When you pull the file from network you also dont connect directly to the host that has pieces but you connect by other hosts and you dont know from where they get the pieces.

TLDR - think torrent with connecting to peers by TOR, where network controls number of peers and what pieces they have. There are no seeds, no one has the whole file (unless you pull it to your machine on request)

...

kys

>storing OTHER PEOPLE'S SHIT on your PC
>storing YOUR SHIT on OTHER PEOPLE'S PCs

I guess, but there are thousands of similar bubbles in the world.

>my plan is to use so elses storage (rootserver) to host my files and the files of filecoin's users

IPFS does not host your stroage it makes content universally addressable.

Yup, there is.
I like crypto tho because /biz/ is on it, and Sup Forums is best place to discuss shit for me.

So that's why every file hosting service on the Internet has been taken down!

Except not.

>IPFS already does this shit and it doesn't cost a dime!
I can't make money off IPFS either.

> There is CP on your servers
> Talk to our $1000/hr lawyers
> Check our ToS and infrastructure
> Here have information on the user who uploaded it

vs

> There is CP on your computer
> Oh it's not mine, I volunteered to store other people's shit
> Uh-huh
> You are now jail
> Here have a free lawyer
> user, plead guilty cause we cannot win
> Prison for 20 years

Do you actually read the thread fuckface

>There is CP on your computer
Encrypted
>I volunteered
You rented it

To begin with, how would they determine you have CP on your computer?

Everything is encrypted by the uploaders keys, which means if they seized your computer they would have to break multiple keys to decrypt everything.
If they seized the uploaders computer then they would have the keys, but you would be exonerated because they would know you have no knowledge of what the files contain, because they would have the software involved.

And, you probably have the logs of who is accessing your storage.

Reliability with file storage services is actually rather low. Internally, Amazon, Google, Microsoft, etc. all replicate data several times to ensure data isn't lost, but it still sometimes is! They generally give 99.999% storage reliability, which means roughly 10k per terabyte stored gets lost. That's significant. Don't rely solely on shit like Amazon s3 for truly critical data. Keep it local, put it on tape, etc.

quick Sup Forums ipfs vs nfsv4 on nas for linux only network

>inb4 samba/smb
i dont need the windows compat layer and also id rather not deal with exploits down the road ie wanacry

I get the "two is one", but filecoin storage isn't free

So on one hand you have some S3 that has actual 99% reliability backed by business grade infra vs. neckbeards with whiteboxes and dying hdds
So either filecoin storage has to be dirt cheap (e.g. terabyte under a dollar/month) or the protocol should be really good

>nobody actually reads threads anymore
congratulations you started the same topic over and over again 4 times on one thread you just proven yourselves going full retard by ignoring content, throwing buzzwords and just caring about (you)'s
that´s why all it's left of Sup Forums is a whole joke
SINCERELY FUCK YOU!!!

it appears your data is replicated to multiple places, so as long as those neckbeards dont all have to go to sleep at once, your all good.

It's going to be pretty cheap, I can tell you that. And most of the storage will end up in datacenters just like most of the etherium hashing is done by farms of thousands of cards on geothermal power.

Not plausibly deniable. You will be forced to decrypt or be held indefinitely. Possession is 10/10s of the law.

Yeah I didn't look into how it works, exactly, and their video didn't tell me much, so I just assumed a worst-case scenario for the argument's sake.

Isn't this just Freenet with extra steps?

This is a ripoff of storj and sia, they don't even have any working code and have the audacity to ask for millions of dollars? Sia and storj are actually working now and have a massive head start and didn't pull of any shady ICO

>You will be forced to decrypt or be held indefinitely.
You can't decrypt. It's literally not your data and you have no keys.

>Possession is 10/10s of the law.
Then every file hosting service would be shut down.

If someone were to make hidden encrypted volumes of CP on flash drives and scatter them around, all the people who picked them up would not suddenly become criminals.

This is even better. You don't even have all of the data. You have even greater deniability because the data is distributed and you will have logs to show it is put there by someone else and accessed by someone else.

>0.05GB per GB downloaded
Fuck off
Least Authority offers unlimited storage and bandwidth only for 25$

It doesn't work that way. You can't perform a magic trick to decrypt it. Nor do you know what's encrypted. It's not IN YOUR possession. The only thing you can do is hand over the encrypted files. You're not in the wrong there and nobody sane would do anything to you unless you're in north korea.

Is this a ripoff of Burstcoin?