Rohit (ropats16)

Apologies, I missed one cast from your thread regarding the demand for storage of old data. But to clarify this point, Arweave uses a mining mechanism where in order to store new data, a proof from some randomly selected historical data must be submitted. This incentivizes miner to continue storing old data.

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This blog outlines the process in more detail in case this piques your interest: https://www.communitylabs.com/blog/your-faq-guide-to-arweave-how-does-arweave-s-mining-mechanism-work

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So in this case Arweave has an endowment. Approximately 95% of user’s upfront fees go into this endowment. The purpose of this endowment is to release AR Tokens whenever a case may arise so that data storage continues to remain profitable for the miners. So far, however, there hasn’t been a need for this.

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Hey @clauswilke curious what you think are the potential failures of Arweave that concern you in this regard?

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