Filecoin

“And beyond that, even decentralized infrastructure. You have things like IPFS, Interplanetary File System, which is incentivized with Filecoin, or RWE, which is a permanent data store. And these things work. You can actually store data on them. Depending on wh…”

“Filecoin, which was the biggest token sale of that era and was like the first one Coinless did, had, I want to say two to 3000 investors and everything was public, right? From like the technology to the token economics to like the valuation.”

“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…”

“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.”

“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…”

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

“We focus on our thesis, so we believe that we're at a stage now where infrastructure is particularly important because there's a lot of building blocks for Crypto applications that don't exist yet, and so things like file storage and networking and things like…”

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

“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”

“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 …”

“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.”

“I don't believe in that binary nature. I think that the ICO slash irrevocable token transfer vehicle that we're witnessing right now has applicability in lots of areas... If they aren't successful, I don't believe that will pull down. I mean, it may have a fin…”

“If you want to participate in the Filecoin consensus and maintain the Filecoin blockchain what, what's counted is not your CPU raw power as your influence over the consensus, but rather the amount of storage you are providing to the rest of the network.”

“Like, there's exabytes of storage that are not in use right now, and that if you were to add them to the market, you would drive the price down significantly.”

“Filecoin is not to be seen as a Dropbox replacement, although there will be Dropbox-like things that build on top of Filecoin. I think you should think about Filecoin as replacing cloud storage. So it's something that Dropbox would use.”

“Our bet there is that yes, that there's a whole bunch of places and cases where Certain individuals or groups in the world have access to either really cheap storage or storage that's positioned well in the network that is kind of like, you know, somewhere bet…”

“I actually bet a lot of people will be mining on both networks, or like all, all, all of the networks, and we'll see how that actually plays out and then we'll see, kind of like right now, there's a lot of drivers driving for either Uber or Lyft”