BCH shill thoughts about BSV: Is it just me or BSV guys in …
BCH shill thoughts about BSV:
Is it just me or BSV guys in general focus much more on "wow you can store this and this and this on blockchain" and not enough on just more... real world usage? Like I've been observing the BSV scene for a bit, [1/2]
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and I've noticed that there's always the talk of data on blockchain, when it's expensive as shit (if trying to upload a file onto bitcoinfiles.org and ending up with 400$+ per GB is a good indicator) while not enough on... real world usage. [2/3*]
Sure, IPFS isn't a blockchain, but it sure as hell is much more cheaper with services like pinata.cloud offering 1 GB for free and 0.15$/GB for anything more. So, I have to wonder, what's the point of storing entire "proper" files on BSV when IPFS exists?
if anyone that is much deeper into the BSV iceberg would like to actually reply and tell me why paying over 400$ for a gigabyte, when I can pay less than a % of that with IPFS, is a good idea, feel free to do so!
For large files, it makes more sense to store the file in cheap cloud storage like you mention. And just store the file hash on Bitcoin for verification.
Paying $400/gb of storage is awful, I agree. I think it's obvious that the ledger was designed as a timestamping service first, and not a storage medium. Services like twetch can of course serve transaction data, that's how we're talking now.
My point however is that while it is *possible* to store and serve data directly from the chain, I think it is more efficient to use the chain simply as a way to prove that a certain piece of data existed at a certain point in time.
For example, posting an image on twetch can cost anywhere between 5c to $1 or more. If you instead included only the hash of the image in the tx, you could still verify that that data was included in the block at that time, but only spending <1c.
At that point you can store the data in the traditional way on that site's server, or use a decentralized method such as torrents or IPFS.
I think this method scales better as you can pay the same small fee to upload and timestamp any arbitrary amount of data large or small, while still keeping the ability to verify that the data was included in a block.
People will use the ledger however they want obviously, but I think users will gravitate towards whatever is cheapest. And the cheapest method of putting "data on chain" would be posting hashes instead of the data itself. We'll have to see how it pans out.
there is 1000 fold varition in what people pay for data storage depending on its context and properties.
Your low end 'raw cost' assessment has no merit in evaluating potential economic value
You can find a better way to manage, transact, and deliver information to the customer that can enable you to raise your price 100 fold. i.e.What if you could hugely reduce their security costs.
Why wouldn’t you focus on how is value maximized?
when evaluating systems within the infrastructure, which systems and structures allow you to maximize value-creation and differentiation as a business?
Raw cost is only one basic element and far from being a determinant even today.
ex at the top of the value ladder,
Companies put information into saleforce.com
Say they have 200 users that put 2Tb of customer data in there , how much are they paying? Astronomical at raw cost.
“But that’s a SaaS app”
Exactly my point !
mean to type salesforce with an s, obviously