IRYS surged today, but “verifiable data” should not be read as “verified content.” An old post on Irys’s official LinkedIn page once proposed making misinformation a thing of the past.
As of 11:07 a.m. Beijing time on October 22, the Binance IRYSUSDT perpetual contract was up about 79.8% over the past 24 hours.
Under the design described in the Irys white paper, before data is transferred to the permanent ledger, 10 miners must prove that they are storing it. Verifying that miners hold the data is not the same as checking whether the claims in a file are true. Even perfectly identical copies do not prove that the content reflects reality.
A fabricated performance report can also be preserved in its entirety. There is still a gap between “it wasn’t tampered with while being stored” and “it was true to begin with”—a gap that requires factual evidence.
My view: this kind of storage proof can help preserve evidence for accountability, but it cannot, by itself, deliver on the promise of eliminating misinformation.
$IRYS #DataStorage
As of 11:07 a.m. Beijing time on October 22, the Binance IRYSUSDT perpetual contract was up about 79.8% over the past 24 hours.
Under the design described in the Irys white paper, before data is transferred to the permanent ledger, 10 miners must prove that they are storing it. Verifying that miners hold the data is not the same as checking whether the claims in a file are true. Even perfectly identical copies do not prove that the content reflects reality.
A fabricated performance report can also be preserved in its entirety. There is still a gap between “it wasn’t tampered with while being stored” and “it was true to begin with”—a gap that requires factual evidence.
My view: this kind of storage proof can help preserve evidence for accountability, but it cannot, by itself, deliver on the promise of eliminating misinformation.
$IRYS #DataStorage