Is this summary correct?
My take on possible consequences: no one likes excessive centralization in a crypto commodity. This hurts the adoption and value of Filecoin. Filecoin miners and investors may also dump Filecoin holdings.
Or is this something nobody anticipated would be an issue?
Genuinely not sure why people keep falling for this though.
I'm very surprised about the 128 gigs of ram requirement, guess this network isn't that decentralized as promised. Anyway, from the beginning it easy to see that competing against something like AWS S3 would be super super hard if not impossible.
With a low token price, electricity costs, hardware costs and your ISP asking about your absurd bandwidth use, I would be shocked if anyone can actually make a profit on this.
https://docs.filecoin.io/mine/hardware-requirements/#specifi...
This note hasn’t aged well...
> Filecoin allows to launch a small cloud storage business for a few thousand dollars directly from home, where it would cost millions in infrastructure and logistics to get off the ground in the current data hosting model.
Why is Filecoin so complex? If they require coins to be staked in order to offer storage to the network anyways.
