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0 pointsrglullis5y ago0 comments

That is missing the point. No one doubts that it is possible to bring down the costs of storage and its infrastructure. The point is that no matter how low these costs are all nodes are driven to undercut each other until their profitability is zero.

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ric2b5y ago

There's a lot of spare capacity in personal devices, getting _anything_ out of that capacity is nice and means you'll have people gladly undercutting Amazon and friends. Maybe limited and not at the same level of availability but still competition.

rglullisOP5y ago

> getting _anything_ out of that capacity is nice

Ok, now go tell that to the ones that put 257 million USD on the Filecoin ICO and are expecting profits on a growing network!

> undercutting Amazon and friends.

That is so short-sighted. Amazon storage is not priced only due to the cost of storage. If it were, Wasabi would be stealing all of their customers given they charge "only" $6/TB-month, and I could go steal all of their customers because I have a cluster of Minio Servers that cost me $3.50/TB-month.

People are paying Amazon and the other major players a premium is not due to lack of competition or collusion between them or because they are price-sensitive. If they are (like I am), they would figure out how to setup Minio/Ceph and run their own servers.

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