231–240 of 382 posts
I don't get it. Competing with Amazon S3 seems like a very unpromising business idea, blockchain or not.
Plus, getting average people to switch from services like S3 "because blockchain" is even less likely than getting average people to switch from WhatsApp/Telegram/whatever to Signal "because privacy". It's just not going to happen.
Can anyone tell me how they arrived at the $186m figure? Are they just multiplying the last traded price by total supply, and forgetting about market depth/slippage? I mean, if I sell a plastic cup to someone for 10 cents, and then go produce 100 million of these plastic cups, do I have $10m in plastic cups? Or could it be that I’m unable to find 100 million buyers each willing to pay 10 cents for a cup, even though…
They literally sold 186m worth. As in, Filecoin literally has 186 million in the bank. Its insanity
So are the developers of Filecoin just going to retire in Hawaii now after becoming rich?
I assume that the VC investors actually bought a stake in the company? It's misleading to lump them together with the ICO investors, who are buying nothing more than a vague, non-enforceable promise (see any ICO terms & conditions, you have absolutely no rights or ownership as a coin holder)
What is the difference compared to storj?
$186M ... that's crazy. And here I've been sitting wondering if anyone would bother investing in my idea for a Bitcoin mining co-op. I want to create a U.S. based mining farm that allows anyone to buy-in and have access to a portion of the hashrate. The idea being that, today, the average Bitcoin user has no way to reasonably voice their opinion through the hashrate because they can't compete with the efficiency of t…
Earlier quoted context omitted.
Not really wasting in this case. There is at least that.
true, at least it's just storage space instead of spinning thousands of servers at 100% all the time and wasting huge amounts of electricity. At least, assuming that people don't start creating miner farms with huge amounts of space like they do with GPUs at the moment. I don't know how filecoin ties to the storage requirements of the customers though so that might be handled by market forces.
Earlier quoted context omitted.
Filecoin is being built on top of IPFS (ipfs.io) which, in principle, could be used as a really robust network for sharing pirated content. However, the IPFS team is aware of this problem, and is building in measures to allow nodes to opt out of storing globally available blacklists of known bad objects (i.e. pirated content or illegal content) In practice, this is definitely a really hard problem to solve, and very…
If you're hosting something such as a movie, and it's blacklisted, couldn't you just add a small amount of noise to the video file to make it unblacklistable?
I listened to this YC podcast[1] twice with Juan Benet. Listening to Juan talk about a lot of historical information and the correlations he drew was fascinating. When he tried to explain the need for Filecoin to Dalton, I just didn't hear it. Dalton kept asking him over and over what the point was and he kept giving non-answers (at least in my opinion which doesn't mean much to be honest). I understand the goal of t…
> When he tried to explain the need for Filecoin to Dalton, I just didn't hear it. Dalton kept asking him over and over what the point was and he kept giving non-answers His favorite response was "...and a whole bunch of other things". On a more serious note, it's very early days for the filecoin and related group of projects that they intend to fund, so the answer to Dalton's question is : "we don't have the answers…
I listened to this YC podcast[1] twice with Juan Benet. Listening to Juan talk about a lot of historical information and the correlations he drew was fascinating. When he tried to explain the need for Filecoin to Dalton, I just didn't hear it. Dalton kept asking him over and over what the point was and he kept giving non-answers (at least in my opinion which doesn't mean much to be honest). I understand the goal of t…
> When he tried to explain the need for Filecoin to Dalton, I just didn't hear it. Dalton kept asking him over and over what the point was and he kept giving non-answers His favorite response was "...and a whole bunch of other things". On a more serious note, it's very early days for the filecoin and related group of projects that they intend to fund, so the answer to Dalton's question is : "we don't have the answers…