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RE: Steemit post damaged by removed google account again aka distributed youtube wanted!
The amount of data produced by the aggregate total of all images posted on steemit over time would require significant storage and would cause any blockchain technology to grind to a halt if it were stored within it intrinsically as opposed to URL references only.
Video is another matter completely completely.
Estimates (exact figures unknown AFAIK) for YouTube storage capacity run to into the exabyte range (10^18 bytes, or 1 billion gigabytes) and I'm sure it won't be too many years before it encroaches upon zettabytes and then yottabytes, even with advanced data deduplication methods like EMC.
Network traffic itself would be orders of magnitude larger than the storage (1+ view{s} equal to or greater than 1 file).
Yeah, I'm aware of that. It definitely cannot be replicated on all nodes like the text is. It should be stored similarly to how MaidSafe does it (I guess there are actually "just" 4 copies of same data in its network). Youtube had (already in 2012) about 80 petabytes of data. 5 years ago! No idea how it is now. Anyway once the technology is out, we will see real market working and really how expensive is to store 1 minute of HD video on such a network. Then demand and supply will fix the rest.
That's a big fix.
I'm currently involved in a network upgrade project and the installation alone of redundant core switches & associated routing equipment is $16,000 - not including the equipment; one (near) fully populated core switch is at least $12,000 by itself, then there's distribution switches and routers etc, plus racks/cabinets, redundant power supplies, SFP modules & fibre runs, the list goes on.
This is for a fairly limited scope network in a private local loop that's contained within a private infrastructure environment.
Storing 1min HD video every 1sec and serving thousands of mins HD video every 1sec in anything approaching user expectations requires significant provisions and maintenance, particularly when surge capacity, attack, and failure must all be accommodated.
I believe it could be done, but the capital outlay would require total monetisation of all steemit content, unless SBD is $3k, and vendors happily accept crypto as payment
:DWhen there is profitable business model set, millions from investors will come. Then it will be very tempting for big investors because it's well-known that internet-business can be very profitable. However to find proper monetization model is necessary. So far Steemit still doesn't have any.
Correct, for now ;)