The Ledger
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Rampell: Tokens overcome cold-start network problems via financial utility incentives
“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 …”
Ehrsam: Crypto enables direct monetization of internet building blocks
“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…”
Rampell: Earlier attempts at Filecoin failed due to bootstrapping and centralization
“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.”
Dixon: NFT metadata storage on decentralized networks is a coordination challenge
“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…”
Carlson-Wee: Buying Filecoin tokens is the only direct exposure to the protocol
“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.”
Carlson-Wee: A decentralized Twitter requires Filecoin's storage infrastructure
“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.”
Benet: Currency Incentives Create Superior Peer-to-Peer Networks
“But I think today we can We can make a much more effective system by just using currency to mediate that exchange of value.”