Filecoin

“People have tried doing things like Filecoin or Orchid before. They didn't work because of the bootstrapping problem and because they were done in a centralized way.”

“What a token can do, Is that when the network utility, or rather the application utility is low so there are no hard drives to go store things on, on Filecoin, so why would I want to use Filecoin instead of Amazon S III? Well, I now see that Filecoin is worth …”

“When Filecoin started, this is actually what an ICO is, an initial coin offering, they raised about two hundred and fifty seven million dollars, which sounds crazy”

“Filecoin raised two hundred and fifty seven million dollars through private and public sales.”

“But I think today we can We can make a much more effective system by just using currency to mediate that exchange of value.”

“You could pay for literal goods and services on the internet, but the building blocks of the internet themselves were not precisely programmed and parceled out into little units that you could pay for directly through the protocol. And that's sort of what we'r…”

“So if you want to invest in the Filecoin protocol, the only way to invest in that is to buy Filecoins. There's no company you can really back, per se, to get exposure directly to that protocol.”

“Until you have IPFS and an incentive system using something like Filecoin, on top of that, you can't really have reliable peer-to-peer file storage. So you can't really build Twitter the protocol until Filecoin is deployed and robust and easy to use.”

“So the metadata can be stored. I think ideally it was stored on a decentralized storage platform which are essentially blockchains that are optimized for that use case. And that could be Filecoin or Arweave or a bunch of others. Those blockchains exist. They'r…”