>> one could just put a huge amount of data in there
That, ah, isn't how that works. You can't just dump terabytes into the blockchain for BTC, LTC, or really any blockchain I can think of that has any sort of adoption.
IPFS is not an automatically distributed file store. Just like torrents if someone wants to host a petabyte they can. That does not mean anyone else will be mirroring it.
That, ah, isn't how that works. You can't just dump terabytes into the blockchain for BTC, LTC, or really any blockchain I can think of that has any sort of adoption.