Benet: Decentralized storage nodes will beat AWS on unit economics
Juan Benet · IPFS, CoinList, and the Filecoin ICO with Juan Benet and Dalton Caldwell · Y Combinator · Jul 1, 2017 · at 1:56:18
Juan Benet, founder of Protocol Labs, explains why decentralized Filecoin storage nodes can outcompete centralized cloud providers like Amazon on pricing and network positioning.
0:00 / 0:29exact quote · 29.4s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“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 between the backbone and like a whole bunch of consumers, and if they become Filecoin miners and storage nodes, they could actually be in a better optimization point than even something like Amazon. And so that's you know, that's a bet, and we think it's right”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Juan Benet
Benet: 2013-2014 blockchain thought in New York and Europe far surpassed Silicon Valley
“I think in 2013 and 14, a lot of the blockchain tech was being built in New York and Europe and far ahead of Silicon Valley. And I remember having a lot of conversations with people here in New York and Europe and just the level of thought outside of Silicon V…”
Benet: Blockchain apps will reach mainstream consumers within two years
“So I think it's gonna take about a year or two before you start seeing these things get mainstream consumer use.”
Benet: VC cannot fund deep tech needing over two years of development
“VC is not built for long-term investment in things that are
Extremely high risk and building some deep foundational technology.
VC is tuned for 10 year returns, which means that in two, three years you have to, like, show very strong you know, sign of, like, m…”
Benet: Modern private funding would fail to build an open internet today
“My claim is you couldn't build something as free and open, and that works as well as the internet today because no group would fund it.
and what you would end up with is a massively stunted version of something that is highly centralized and controlled by a c…”
Benet: Tesla and SpaceX would have failed without Elon Musk's personal wealth
“If Elon hadn't been personally wealthy, both projects would have probably failed.”
Benet: Ethereum could reach Google or Apple valuations in 5-10 years
“So if Ethereum continues to be useful five, 10 years from now, you're going to have, and continues to accrue continues to grow, right? So if Ethereum becomes more and more successful, continues to solve a whole bunch of problems, then an ether is going to be w…”