Editing Permissioned resource coins (section)

=== Or “why not just use [buzzword]” edition? ===

'''IPFS''' - Not actually a decentralized storage system and cannot store content. People only think it can because the IPFS team run caching servers to improve accessibility, but old content is still deleted from those servers when they run out of space or if the devs ever feel like it.

'''Factom''' - Not a decentralized storage system either. It only does data integrity checks / blockchain timestamping of documents.

'''Filecoin, Storj, Sia, Swarm, Bluezelle, etc''' - Have no way to maintain a stable value for payments made for storage space using their coin. Without a stable coin value versus available resources within the system - it will be unprofitable to contribute resources to the network and thus unreliable to use as a decentralized storage system.

'''IOTA''' - Uses an immutable ledger which isn’t needed for the vast majority of small readings made from sensors. IOTA creates additional problems for IoT too because it requires PoW to be done on every individual transaction and in IoT systems an edge gateway is often required which could become a bottleneck when dealing with many small transactions.

'''DHTs''' - Cannot guarantee data availability for unpopular content and without incentives it would be unreliable to use at scale. DHTs also suffer from multiple attacks that are easy to do with only minor resources.

'''Tahoe-LAFS''' - Given that incentives in Storj, Filecoin, etc are broken Tahoe-LAFS and Storj are functionally equivalent since resources in the network end up being maintained more by community spirit than by any solid economic reasons. Needless to say, this won’t scale to any sizeable volume as infrastructure costs money in the real world to maintain.

'''Bittorrent''' - Distributes data to peers in chunks and maintains a list of nodes for content. Anyone who has ever tried to download a torrent without seeders will already know Bittorrent doesn’t work as a reliable, decentralized data storage system.

'''JoyStream''' - Uses a pricing function to reward hosts for maintaining content based on its rareness in the system. My approach is about maintaining storage resources in a network and is not content-specific.

'''Freenet, Tor, etc''' - Freenet provides storage while Tor only offers anonymous routing. Like Bittorrent, the public nature of these networks has lead to a very poor user experience (slow speeds, unreachable servers) and thus perfectly demonstrates the role of economics in network maintenance.

'''Maidsafe''' - Comes the closet to describing this system. Like Storj, Maidsafe ranks farmers based on their performance against a set of criteria like availability, latency, capacity, and reliability, and distributes coins in response to demand for resources. But the difference here is subtle - the coin is randomly rewarded even for valid service which needlessly wastes resources, and doesn’t offer any way to maintain stable pricing.

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