Another one that compares Safe to a blockchain storage provider. And the price of Storj is at 0.81
Just imagine when people know the solution and potential of Safe…
Can you elaborate? How is Safe better w.r.t. to file storage (ignoring the fact that it can do so much more)?
Maybe this helps a bit
The safe network secures the data itself and not only identifiers to check if the data is correct
Well this might not be relevant to MaidSafe, but this article explains the differences between Filecoin, Storj and PPIO(a relatively new project). It’s written by the CEO of PPIO so has the potential of bias, but still good to have some information.
I watched a video about Filecoin and there seemed to be lots of unresolved issues. Really complicated stuff. The presentation was from about 1 year ago but I wonder if they really have solved all those issues yet.
And as for “storecoins” in general, doesn’t that make PUTs really inefficient with a massive overhead of a coin transaction for every PUT?
That doesn’t happen.
Its a counter that get decremented by the put cost at the time. Only when that 64 bit counter reaches zero do you need to do a coin transaction. And the suggestion is that your account can have a safecoin address assigned where the system can automatically spend a coin from there when needed. So you only put as many coins as you want to be automatically spend for PUTs
Also you can get billions of PUTs per coin or maybe millions, but only when the system is critically loaded will that reduce to a small number of PUTs per coin. The person who only emails may get a year or more of emails for the one coin
But what prevents hackers from manipulating the 64 bit counter? And if manipulation is prevented, why the need for separate safecoins? Can’t the entire safecoin account balance then be represented by a single number like that?
Watch this space
The same mechanism that prevents hackers from hacking your account or hacking files and so on. When consensus finishes for doing a PUT one of the functions of doing that PUT is to decrement the counter.
That counter is not held on your computer but the section that looks after your account. It is a part of your account data held by the network.
Fraser has proposed a system to do that too.
But for sake of efficiency there will probably always be that PUT counter. The difference using Fraser’s division proposal is that the amount spent to add to that PUT counter might be a fraction of a coin and this allows someone to gift thousands of people from their one safecoin and those people get maybe a few thousand PUTs to create their account and start using PUTting on the network.