I don't see how this can possibly work.

First, why would you want permanent storage? See the image below. You cannot delete files, but your files can be censored with a ANS-106 standard, which tells miners not to store the data. Who decides if the ANS-106 request is legit? Once uploaded, files cannot be deleted and everything counts towards your storage allowance. So you're going to have a storage vault that only gets bigger.

Apparently applications cannot be edited either. They have to be launched under a new version, and again, you have to store all of the previous versions.

Next, where are these files being stored? If you cannot delete files, then the blockchain is presumably going to get gigantic. They talk about an "endowment" that's going to take care of all the files forever, but what if that endowment fails?

If people only have to pay for storage once, how does that continue to pay for hosting of all the data? Does the endowment have unlimited money?

None of this adds up. Show Less

 1
2024 Cyrator - Crypto Research Community

Disclaimer: The content presented on this website, including any analyses, reviews, and ratings, is provided for informational purposes only and should not be considered financial advice. Cyrator does not endorse or recommend any financial transactions or investments based on the information available on this platform. Visitors to this site should perform their own due diligence and consult with a professional financial advisor before making any investment decisions. Cyrator is not liable for any actions taken, financial or otherwise, based on information or links from this website.