Is Filecoin a $257 million Ponzi scheme? [pdf] • Hacker News Board

Re: Is Filecoin a $257 million Ponzi scheme? [pdf]

#241

Post by notheguyouthink » Sun, Dec 03, 2017, 1:44 AM UTC

lgierth wrote: post #240

notheguyouthink wrote: post #229

Earlier quoted context omitted.

> No, it's more generally about hosting any content-addressed data. Back to my original points, I don't think it is about hosting the data. It's the location of the data. Eg, a room full of people downloading a large video don't need to leave the room for the majority of the data, they can share the data between each other - seamlessly. Leading to less clogging of the network of data when there's absolutely no need f…

> Back to my original points, I don't think it is about hosting the data. It's the location of the data. Eg, a room full of people downloading a large video don't need to leave the room for the majority of the data, they can share the data between each other - seamlessly. Leading to less clogging of the network of data when there's absolutely no need for us to be downloading from youtube/etc. You're absolutely right…

Didn't mean to imply you meant otherwise of course - nor was my intent to argue. I just thought it was an important point for anyone (you or otherwise) to read. I thought it came off a little ... wrong, so my apologies for that, if anything was perceived.

Re: Is Filecoin a $257 million Ponzi scheme? [pdf]

#242

Post by tfha » Sun, Dec 03, 2017, 2:16 AM UTC

fapjacks wrote: post #192

tfha wrote: post #113

Earlier quoted context omitted.

If you think doing traditional fundraising is bad, you should try doing an ICO. Easily 5x worse.

Can you shed some light on this? How are you involved with fundraising via ICO? And how is it so much worse? If anything, I would guess it would be loads easier than traditional fundraising, because so many people seem willing to park their cryptocurrency in various ICOs with pretty much zero due diligence or justification other than it exists.

The legal and PR hurdles you have to go through, but especially the legal hurdles, are a lot more substantial.

Re: Is Filecoin a $257 million Ponzi scheme? [pdf]

#243

Post by lgierth » Mon, Dec 04, 2017, 5:06 PM UTC

notheguyouthink wrote: post #241

lgierth wrote: post #240

Earlier quoted context omitted.

> Back to my original points, I don't think it is about hosting the data. It's the location of the data. Eg, a room full of people downloading a large video don't need to leave the room for the majority of the data, they can share the data between each other - seamlessly. Leading to less clogging of the network of data when there's absolutely no need for us to be downloading from youtube/etc. You're absolutely right…

Didn't mean to imply you meant otherwise of course - nor was my intent to argue. I just thought it was an important point for anyone (you or otherwise) to read. I thought it came off a little ... wrong, so my apologies for that, if anything was perceived.

Not at all :) There's multiple important points about IPFS and I always forget at least one, so thanks :)