Jerome Powell 21iQ 40TPW's avatar
Jerome Powell 21iQ 40TPW 3 months ago
1) 50 years is not infinite years. 2) 0.1sat/vB is about $0.0011/B or 1/10th of that cost. 3) AWS and other cloud computing services charge ingress and egress fees in addition to storage fees. 4) They can change the prices at any time. 5) How can you make data on AWS immutable? 6) They have ToS that must be followed, including what types of content can be hosted. These policies can change at any time. 7) Examples where cloud computing services wouldn't work but Bitcoin would: malware, c2, breach data, classified or copyrighted data, CSAM, anything else that's illegal in any of the jurisdictions where nodes are running or clients are retrieving data from nodes. 8) If there's better places to store all this garbage, GREAT! Either way, let's make Bitcoin's timechain a place that doesn't allow arbitrary data storage again. It was designed for financial transactions, maybe some small smart contract scripts. Now, close to 60% of the timechain is non-financial garbage data. Bitcoin is a "Peer-to-Peer Electronic Cash System" NOT Electronic Trash System
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ihsotas 3 months ago
I provided pricing on one of the more expensive options out there. You can get hosting for much cheaper. Also you are comparing bitcoin costs when it is at the historic minimum. If you want to store a lot data on bitcoin the prices go up rapidly. To buy a whole block, a scant 4mb you are looking at 6k at the low and 30k+ at the high. All the things you discussed as being only suitable for Bitcoin are currently distributed using traditional methods. Bitcoin is a poor use case for data storage. As for immutability you could run for very cheap a small network of ipfs nodes or sia or another storage scheme that allows for sharding of data so that no single node hosts the whole file but the file is retrievable by anyone with the keys. No single node is liable for anything because a shard of data is meaningless. A Bitcoin node operator can’t know what is in a node without running separate software or building custom scripts to extract the embedded data and then more software to interpret the data as an image. They are a network relay and the person responsible for the content is the one who embedded it just as the person responsible for sending csam over the internet is the sender not the network operator.
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