tag:blogger.com,1999:blog-4503292949532760618.post7661998272979427071..comments2024-03-16T18:42:21.178-07:00Comments on DSHR's Blog: Is Decentralized Storage Sustainable?David.http://www.blogger.com/profile/14498131502038331594noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-4503292949532760618.post-52025163694348281172018-01-12T15:56:41.763-08:002018-01-12T15:56:41.763-08:00"A distributed cloud storage project, Maidsaf..."A distributed cloud storage project, Maidsafe, recently announced it was pursuing alternative fundraising strategies after the value of their tokens dramatically fell, cutting their revenues from over $8 million to around $2 million." as reported in the MIT Media Lab's report <a href="http://dci.mit.edu/assets/papers/decentralized_web.pdf" rel="nofollow"><i>Defending Internet Freedom Through Decentralization</i></a>. The details are in this <a href="https://blog.maidsafe.net/2016/05/31/maidsafecoin-announcement/" rel="nofollow">post to MaidSafe's blog</a> from May 2016. Clearly, I should have been paying closer attention.David.https://www.blogger.com/profile/14498131502038331594noreply@blogger.comtag:blogger.com,1999:blog-4503292949532760618.post-27489834395979007152017-09-15T11:08:27.303-07:002017-09-15T11:08:27.303-07:00I read with interest your blog posts on distribute...I read with interest your blog posts on distributed storage systems. I may have stumbled onto a possible solution would love to get your input on it. I have created a new kind of general-purpose data management system that is essentially a highly efficient object store with a bunch of database capabilities.<br /><br />I can put over 200 million data objects in one of my containers; put a variety of meta-data tags on each one; and find everything of a certain type or with a certain kind of tag in just a couple of seconds. I designed it so that each of the containers could be a node on a network so that they could share data between them and give the user a unified view of all their data, not just the data on the device they were using at the time.<br /><br />What I am now thinking is that in addition to lots of independent 'data networks' where individuals or companies manage all their own data across multiple devices; this system could also be the basis for a world-wide data network where millions of nodes could interact with each other on a global scale.<br /><br />I would be interested in discussing different aspects of this architecture with anyone who has a lot of interest in this area. For more info see www.DidgetMaster.blogspot.comDidgetMasterhttps://www.blogger.com/profile/17264703189806219219noreply@blogger.comtag:blogger.com,1999:blog-4503292949532760618.post-33607176010048912272017-07-29T16:52:36.620-07:002017-07-29T16:52:36.620-07:00To understand the extent of the cost base and scal...To understand the extent of the cost base and scale advantages in China, see <a href="https://qz.com/1026605/photos-chinas-bitcoin-mines-and-miners/" rel="nofollow"><i>Photos: Life inside of China’s massive and remote bitcoin mines</i></a> by Johnny Simon and <a href="http://www.chinafile.com/multimedia/photo-gallery/inside-world-of-chinese-bitcoin-mining" rel="nofollow">photographer Liu Xingzhe</a>.David.https://www.blogger.com/profile/14498131502038331594noreply@blogger.comtag:blogger.com,1999:blog-4503292949532760618.post-33988913142050747542017-07-22T15:52:45.355-07:002017-07-22T15:52:45.355-07:00Jarechiga, you need to read the post, where I say:...Jarechiga, you need to read the post, where I say:<br /><br />"Users submit data to be stored to the network, not to individual peers. The network uses erasure coding to divide the data into shards and peers store shards."<br /><br />If the storage is truly decentralized, you don't know where the shards are stored. You can pay for more redundancy, but you don't get to decide the locations of the shards. The network does that. If you lock shards to peers, when that peer goes away so does your redundancy.<br /><br />Your model is more properly called distributed, not decentralized. And it is in effect little different from what you can buy from Amazon today, because you can specify the Amazon region(s). And it is definitely subject to increasing returns to scale, which is why Amazon dominates the market.David.https://www.blogger.com/profile/14498131502038331594noreply@blogger.comtag:blogger.com,1999:blog-4503292949532760618.post-81311874465680379002017-07-22T15:28:46.953-07:002017-07-22T15:28:46.953-07:00It could work if location is another one of the su...It could work if location is another one of the supply and demand factors.<br /><br />I may be willing to pay more for decentralized storage if it is backed up in four different regions.<br />If enough demand is built for markets outside of China, then it will drive the prices up for those locations making up for the economic difference and incentifying a multi region supply.<br /><br />As in real estate; "location, location, location"Jarechigahttps://www.blogger.com/profile/02682405512490842140noreply@blogger.comtag:blogger.com,1999:blog-4503292949532760618.post-18151096663940250272017-07-17T16:00:59.555-07:002017-07-17T16:00:59.555-07:00Paul Frazee has a thoughtful response to this post...Paul Frazee has a <a href="https://medium.com/blue-link-labs/in-response-to-is-decentralized-storage-sustainable-a5f797e7d1f0" rel="nofollow">thoughtful response</a> to this post. I'll work it into the post I mentioned above.David.https://www.blogger.com/profile/14498131502038331594noreply@blogger.comtag:blogger.com,1999:blog-4503292949532760618.post-72266975156487073202017-07-16T17:13:55.857-07:002017-07-16T17:13:55.857-07:00I'm working on a long-ish post which will take...I'm working on a long-ish post which will take some time based on two important recent essays by pioneers in the field; <a href="https://en.wikipedia.org/wiki/Nick_Szabo" rel="nofollow">Nick Szabo</a>'s <a href="http://unenumerated.blogspot.com/2017/02/money-blockchains-and-social-scalability.html" rel="nofollow"><i>Money, blockchains, and social scalability</i></a> and <a href="https://en.wikipedia.org/wiki/Vitalik_Buterin" rel="nofollow">Vitalik Buterin</a>'s <a href="https://medium.com/@VitalikButerin/the-meaning-of-decentralization-a0c92b76a274" rel="nofollow"><i>The Meaning of Decentralization</i></a>. Both are must-reads.David.https://www.blogger.com/profile/14498131502038331594noreply@blogger.comtag:blogger.com,1999:blog-4503292949532760618.post-31746985093383393992017-07-11T15:13:02.817-07:002017-07-11T15:13:02.817-07:00Abraham Othman's post Smart contracts will nee...Abraham Othman's post <a href="https://ftalphaville.ft.com/2017/07/11/2191240/guest-post-smart-contracts-will-need-human-juries/" rel="nofollow"><i>Smart contracts will need human juries</i></a> on the <a href="https://ftalphaville.ft.com/" rel="nofollow">FT's <i>Aplhaville</i> blog</a> is a very interesting take on Ethereum's "smart contracts" and on a technique for adjudicating disputes in this environment.David.https://www.blogger.com/profile/14498131502038331594noreply@blogger.com