This is the ideal option for the development of events. But smart people have said - you hope for the best, but prepare for the worst.
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Well, we know what you want, you have made it clear time and time over, let’s wait and see where we are when we’re testing and adjusting the algos.
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Not trying to seem argumentative, but before you were stating low price would cause us problems and require intervention and us to need to supplement uploads.
Now your saying high price will cause us problems and require us to supplement uploads.
What is the happy medium I wonder, because it would seem to me, whatever the price, you will see problems requiring us to supplement uploads.
So the issue seems to be, you want us to supplement uploads irrelevant of price, so price is not the issue.
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I misspelled high price - I did not mean high price, but high speculation volume. Tokens that are in the exchange for speculation are not in the network to buy storage.
I thought you were saying high speculation would cause high price.
If it causes price to rise, after it rises ppl will sell, win win.
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This ratio is the important thing. We may have such a ratio, but unlike Filecoin, our network does not grow fast if there is little use.
This is why I think it’s crucial to start supporting third party dApp development as soon as possible. Regardless of SNT’s price, people won’t use Safe if they don’t readily realize value from doing so. It’s important for would-be users to see that there’s a thriving ecosystem that could provide them with value on/via Safe. Supporting third party devs building on the Network produces Safe’s equivalent of Ethereum’s ICOs and crypto kitties.
Providing that support to devs would of course require an increase in the price of MAID (or else significant donations from some benevolent soul). Either way, let’s hope the upcoming releases can catalyze accrual of the resources to support third party devs.
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Let me give you the following example.
The Safe network as far as I understand grows as follows: someone pays for 1 GB of network storage. The network sees that the free storage has been reduced by 1 GB and says I need another 1 GB of free storage to maintain the occupied / free storage ratio at the same level. Right?
This means that if we apply the numbers from Filecoin (95 days x 40 TB/day), the Safe network will have 7600 TB in 95 days (3800 TB occupied storage and 3800 free).
If a copy of Safe appears on day 60, which also grows by 40 TB per day naturally, but adds an extra 40 TB per day by redirecting part of its monetary inflation, then this copy will catch up with Safe in 45 days, if I calculate correctly…
No, not as I understand it.
If there was plenty of space before, and 1 gb gets used, nothing would change, storage cost, farming rate will stay much the same, if not exactly the same.
If there was already short supply, and 1gb gets used, the supply hasn’t changed much, so I still wouldn’t expect store cost to change by much if at all or farming rate to change by much, if at all.
Of course we can’t tell as the algos are not in place yet.
File coin is different to us , with i believe, could be wrong, a emission curve that is predictable.
Its apples and oranges.
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That is mad. It’s sounds like a huge misallocation of resources.
While I get that speculation is certainly at play, but supply vs demand is waaay out of whack there.
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Well… IPFS is no privacy and need full file copy. It has no advantages than AWS. Maybe low cost ? But it is not useful.
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Filecoin passed 3 EiB total storage today.
0-1 EiB after 87 days
1-2 EiB after 58 days
2-3 EiB after 45 days
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Hedera was recently bought to my attention so I had a look. File storage seems to be only a minor component of the network (I couldn’t find a simple intro for ‘do this to try downloading a file from hedera network’ so can’t comment if it’s good or not).
The network itself seems pretty uninteresting to me. But what leads me to write about it here is their node requirements.
Minimum Node Requirements
To ensure a common level of performance minimum hardware, connectivity and hosting requirements have been defined for the initial permissioned, Governing Council nodes.
Chassis (hardware nodes only)
Dual Power - 1600W minimum, 2000W recommendedNetwork Connectivity: Single 1-Gigabit / 10-Gigabit Ethernet (physical connectivity subject to network infrastructure)
2 x Intel® Xeon® Silver 4116 Processor 12-core 2.10GHz 16.50MB Cache (85W)
256 GB PC4-21300 2666MHz DDR4 ECC Registered DIMM
2 x 240GB SSD with RAID 1 for OS Storage
5TB SSD NVMe usable storageStorage performance specifications
- Sequential read: 6200 MB/s
- Random read: 1.08M IOPS
- Sequential write: 3000 MB/s
- Random write: 170K IOPS
Considerations for future expansion (hardware based deployments):
- Chassis must be Nvidia Tesla V100 PCIe certified
- 1x Nvidia Tesla V100 PCIe 16GB GPU
It keeps going but this is the guts of it.
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wow. They aren’t going to be growing very quickly with all of that … at least relative to SN.
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If that is the Hedra Hashgraph network then I believe it’s also permissioned (i.e. cannot run on a permissionless network and requires node operators are approved and register).
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Yeah it is, they say this on their guide docs:
The network is made up of permissioned nodes run by the the Hedera Governing Council, a group of term-limited enterprises that lead the network’s direction. Over time the network will move to a permissionless model.
Their testnet access page is also very permissioned
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It is much easier to find big money to spend than to convince small ones to spend. Filecoin grows from big money, Sia grows from small money. From which money will grow Safe?
Filecoin 0.5 Year after the start
Sia 4-5? Years after the start
By the way, to Storj things are much worse, I can’t find the topic in their forum, but people there asked exactly how many real customers use the service after 1 year and the company’s answer was that they don’t want to give data because it was very difficult to calculated and would take a long time, but I was left with the impression that they just hide the information because they accept payments in $ and know exactly how many people pay…
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Small money is what I want. But there will be a mix of both for SN … Filecoin’s growth is radically unsustainable - we don’t want that IMO, we want solid stable growth.
None of the other networks have anything close to what SN will have in terms of privacy, ease of use, and most importantly - the one thing that can’t be duplicated by anyone: The most honest and transparent development team. It’s the only reason that they’ve been able to push forward for so long and it’s the reason why nobody will be able to take the crown from them in the long run as well.
No one else in this space, or any other, has a David Irvine.
You may not see it as counting for much, but for me, it’s everything. If not for David, I would have dumped this project a long time ago and IMO it wouldn’t have ever gotten this far. Good investors understand the importance of an honest leader who perseveres.
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Bitcoin has been 500 million% up for 11 years. You can really print and grow. This is a fact. It happens with the crypto and the fiat. Everyone predicts the end, but the end is not yet coming. The question is when a person accepts that the world is as he sees, and not as he wants it to be …
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Bitcoin, Filecoin, and SN are all different animals. I think you could compare FC and SN in terms of storage and use to an extent, but BTC and FC are not comparable. FC isn’t gaining storage because people are seeking a safe-haven store-of value - it’s growing because people think they can strip value from it’s network by earning coin for storage - there is a disconnect between it’s value as a tradable coin and the value provided by the network itself - in time this will correct itself through coin inflation and selling pressure. That doesn’t mean the end for Filecoin or it’s network though, just a revaluing of it.
It will mean a lot of people will become disappointed in it.
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