Why doesn't bitcoin have a "web5.storage", yet?
0 sats \ 3 comments \ @moel 6 Jul 2022 bitcoin
There are multiple "storage" shitcoins out there (see #41992 as one example).
But why are there no serious endeavors to earn a few extra bitcoin sats by offering to seed a torrent, host a file or provide a proxy service?
Has this ever been tried by anyone in a functioning product?
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0 sats \ 0 replies \ @TheBTCManual 6 Jul 2022
Why do you want to store your files on another person's device when you can do self-storage? If you do want to use a distributed storage for some reason there is IPFS
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0 sats \ 0 replies \ @nerd2ninja 6 Jul 2022
I'm not sure if its even a good idea.
I suppose you could seed a AES-256 wrapped in RSA encryption torrent (combining symmetric and asymettric encryption is an industry standard because of the trade offs of each encryption type) and then advertise that you'll pay a set number of seeders given a set uptime an amount of satoshis and then monitor their uptime to ensure they're paid on merits
Combine this with a marketplace maybe a website that can be web crawled with .json so people can make bots to seed the most profitable torrents and you effectively have a much more sensible version of what storage shitcoins do.
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0 sats \ 0 replies \ @editnym 6 Jul 2022 freebie
There are projects but they are almost impossible to find and still in very early non production stages. One is called BitSwarm
https://github.com/SuRGeoNix/BitSwarm