Hacker News new | ask | show | jobs
by miguelmota 2683 days ago
A brief for anyone wondering what Filecoin is:

> Filecoin is a decentralized storage network that turns the world’s unused storage into an algorithmic market, creating a permanent, decentralized future for the web. Miners earn the native protocol token (also called “filecoin”) by providing data storage and/or retrieval. Clients pay miners to store or distribute data and to retrieve it.

Filecoin is a project of Protocol Labs which also created the DAG based hypermedia protocol IPFS.

2 comments

If you add compression, it is pied piper.
Except FileCoin is Hooli and Sia(Coin) is Pied Piper. They're essentially reinventing Sia with money. https://sia.tech/
how so? Sia has it's own token aswell
Protocol Labs wont integrate filecoin use into IPFS?
See the Filecoin FAQs (https://filecoin.io/faqs/#what-is-the-connection-between-ipf...) for more information on how IPFS and Filecoin interoperate.
Filecoin is essentially IPFS with incentives for data retention and distribution.
Given that so many people do it all for free with very good uptime and connectivity, do you think Filecoin will be something consumers want?