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RE: Securely Storing Data Backups on the STEEM Blockchain
Many things can be done to abuse the system, for sure. It's designed to enforce bandwidth restrictions so only those who have paid (invested in Steem Power) can use bandwidth and storage appropriately. Some thing to consider is that the STEEM blockchain is not Steemit. That's something many people get confused on. If I just wanted to backup files, I could create a separate account on the STEEM blockchain for that purpose and not use it for social activity at all.
Well I guess we all have a stake into it. To each his own, After a certain amount of time can you delete the file or change it? Or is it frozen forever?
Blockchain data is forever. It's immutable. That's why this approach is only really useful for point-in-time backups.