still super disappointed that a project with so much emphasis on taking back power and decentralization requires a registration and accredited investor status in order to invest.
You are making a big mistake only allowing accredited investors to participate. Wide user base and network effects are crucial. This ship might never leave the harbour unfortunately
I wish we could accept everyone to our fundraising effort. We are bound by laws, unfortunately. Wide user base and network effects can also come with miners, who are getting the majority of the currency.
Really disappointing to have to wait for the announcement for such a long time only to find it is open only for the rich folks. So much for power to average people.
I like this project. It seems like the SIA community are having an ASIC debate. If I understand this project correctly, this will not be an issue with filecoin. Looking forward to seeing the network grow.
if it uses the same mining concept as Bitcoin that is if they use up the same amount of power (very large) it would ultimately lead to concentration of data that we have right now. On the upper level it would look like it's decentralised but I think it will ultimately be centralised.
"More dissemination => more value / More control => less dissemination => less value" These are the basics of success for any open source project. No exception known to date. Will Filecoin be the first project to infringe this law? Wish you the best ;-)
Kind of ironic that to include US investors in your ICO you have to alienate the rest of the world... Would have loved to support your project but I don't have a million dollar bank account. Good luck with the ICO.
So what if you're not an accredited investor? 70% of all Filecoin goes to the "miners"-the folks that provide storage to the network. 4 TB drives are under $100-seems like a great opportunity as far as I’m concerned.
Albert Willis it seems that too many people are desperate for a 'quick fix' to there problems. They cannot wait wait for it to filter through the free market... it may triumph, or it may fail. People need to look into diversifying their assets and skills as well as taking risks they can afford - although it seems that most people in this comment thread believe that they cannot manage. I'm not anywhere near being a millionaire, but I am hopeful that there we are only at the beginning of something great
F...coin is limited to accredited US investors. So like Firefox nowadays, some ICOs are becoming US-centric. It means also the quality of these projects is no longer there.
@@Kahoobb you must not understand networking infrastructure and ISP... The storage is not the issue of connectivity. If they really wanted to decentralize the internet they need to start way before the storage of data level. It's all about networking.
@@chadr8264 I misread it. Yes the government could shut off internet but that means banks won't work and debit credit cards won't work. I thought they said that the government could stop filecoin when they can't due to its decentralization nature
@@Kahoobb No worries. And I'm not trying to be combative here. But even that really isn't the case. EVERYTHING essentially is IP addresses and subnets. Everything. Governments and other "powers that be" can simply reroute traffic. It isn't that hard to keep infrastructure afloat while taking down other things. So i'm just simply saying storage isn't the reason Egypt went down. I wish this project luck, but I don't buy it.
@@chadr8264 You should research more about decentralization and TOR network. Because the only way bitcoin can be stopped is if the government turned off the whole internet for everyone.
So first you let the rich (and also the goverment it seems) buy in...? wow... Filecoin seemed so promising, already a dead project, to bad. Aah well, somebody will do it right eventually. I did liked your vision, sounded so great :(
how do you make sure, that those hard drives scattered all around the work wont fail or loose connection? Does it clone my data to multiple locations and how do you make sure its still efficient?
2 years later and I still think about this. 3 things have to be considered: 1. Control - is it fully decentralized? 2. Storage cost - if it is fully decentralized, how do you prevent huge storage costs, such that 1MB of data does not require a manyfold of disk space? What happens when a memeber of the network is not reachable anymore? How do you prevent data loss and strengthen data integrity? 3. Speed - if storage of the file is truly decentralized, how do you make sure that the requested data can be quickly accessed, also in a large scaled network?
Why are people saying you need to be an accredited investor? I just signed up and I got as far as it asking me to send my USD/btc/eth. DIdn't seem to need anything else?
I want a youtube alternative that honours free speech but still adheres to the laws of the land. One major stumbling block is in video storage and bandwidth consumption of those videos - it's damn expensive. I hope filecoin / IPFS can reduce the costs of that and disrupt the monopoly of the woke billionaires that are trying to silence humanity.
You are a very clever team, bravo. But this project is just bullcrypt. Feathercoin to litecoin is filecoin to sia. The only difference is that the feathercoin developers didn't milk the rich "accredited investors". That's why you are so clever. That's also why we cant have nice things.
Not if these companies value their data. People use AWS just as much for stability as they do for price and availability. Sorry but not putting my data on some random second hand server with old refurbished disks simply because it is "decentralized". Buzz word.
That's great and all, but what if I decide to unplug my hard drive and skip town or move, or I don't pay my elec bill? The files being stored are lost. Is there a solution for that?
Nobody is using FIlecoin for anything these days and the price is dropping rapidly. You can't be a storage host if you're not at a startup level; individual users can't really participate at all. This video is too much cringe.
I can't stand watching these commercials, where they just briefly sweep over the general idea as if they are the only group working on this type of project. What makes you DIFFERENT?
united states isolating itself again...........i guess the ones that havent had their yachts reposessed yet will have the coin in their back pockets to invest within the us of a of course........... 20 tillion in debt not looking good really....but those deriveratives are looking hot lol......
still super disappointed that a project with so much emphasis on taking back power and decentralization requires a registration and accredited investor status in order to invest.
Government
There are competitors that don't exclude people.
Why not allow non US citizens to participate in the ICO, surely this only applies to those from USA?!
Dylan Wade they want only accredited investors. I am hoping the community boycott this coin so that very few miners mine it.
That is not their fault, that is US regulation.
You are making a big mistake only allowing accredited investors to participate. Wide user base and network effects are crucial. This ship might never leave the harbour unfortunately
I wish we could accept everyone to our fundraising effort. We are bound by laws, unfortunately. Wide user base and network effects can also come with miners, who are getting the majority of the currency.
Juan Benet you could move to another jurisdiction and go zero knowledge.
like eos starting somewhere
Yeah it left the harbour, turned out to be still shit and unusable, and now is going back ICO prices. The VC's and devs fleeced the public once again.
IPFS and File coin will be the first comfortable blockchain service and pure decentralized finance system that end users feel.
IPFS is amazing thing
Really disappointing to have to wait for the announcement for such a long time only to find it is open only for the rich folks. So much for power to average people.
It's open source so it can be forked. Or look into Siacoin instead.
I like this project. It seems like the SIA community are having an ASIC debate. If I understand this project correctly, this will not be an issue with filecoin. Looking forward to seeing the network grow.
if it uses the same mining concept as Bitcoin that is if they use up the same amount of power (very large) it would ultimately lead to concentration of data that we have right now. On the upper level it would look like it's decentralised but I think it will ultimately be centralised.
Did you ever buy in? Look at file coin now
"More dissemination => more value / More control => less dissemination => less value"
These are the basics of success for any open source project. No exception known to date.
Will Filecoin be the first project to infringe this law? Wish you the best ;-)
Kind of ironic that to include US investors in your ICO you have to alienate the rest of the world... Would have loved to support your project but I don't have a million dollar bank account. Good luck with the ICO.
So what if you're not an accredited investor? 70% of all Filecoin goes to the "miners"-the folks that provide storage to the network.
4 TB drives are under $100-seems like a great opportunity as far as I’m concerned.
Albert Willis it seems that too many people are desperate for a 'quick fix' to there problems. They cannot wait wait for it to filter through the free market... it may triumph, or it may fail.
People need to look into diversifying their assets and skills as well as taking risks they can afford - although it seems that most people in this comment thread believe that they cannot manage.
I'm not anywhere near being a millionaire, but I am hopeful that there we are only at the beginning of something great
This is serious stuff...
I am in!
F...coin is limited to accredited US investors. So like Firefox nowadays, some ICOs are becoming US-centric. It means also the quality of these projects is no longer there.
Holy shit! Filecoin is a thing! OMG!
0:44 You lost me here! Filecoin can't stop the government from shutting down the internet!
you must not understand decentralization lmao
@@Kahoobb you must not understand networking infrastructure and ISP... The storage is not the issue of connectivity. If they really wanted to decentralize the internet they need to start way before the storage of data level. It's all about networking.
@@chadr8264 I misread it. Yes the government could shut off internet but that means banks won't work and debit credit cards won't work. I thought they said that the government could stop filecoin when they can't due to its decentralization nature
@@Kahoobb No worries. And I'm not trying to be combative here. But even that really isn't the case. EVERYTHING essentially is IP addresses and subnets. Everything. Governments and other "powers that be" can simply reroute traffic. It isn't that hard to keep infrastructure afloat while taking down other things. So i'm just simply saying storage isn't the reason Egypt went down. I wish this project luck, but I don't buy it.
@@chadr8264 You should research more about decentralization and TOR network. Because the only way bitcoin can be stopped is if the government turned off the whole internet for everyone.
Hi. I wanna promote this system in korea. can you allow me to make subtitle?
Great Vid well produced but what's the difference between Sia, Storj and Filecoin??
So first you let the rich (and also the goverment it seems) buy in...? wow... Filecoin seemed so promising, already a dead project, to bad. Aah well, somebody will do it right eventually. I did liked your vision, sounded so great :(
Javier Catalan well said mate agree .....
Yeah, lol, we are the community, they can try to centralize the decentralization movement, but they won't win, and this is happening a lot
This project is just hype. How is it different from siacoin.
Siacoin has more experience and project development?
It's not about first mover advantage, but last mover advantage. The best wins.
How will this help the people in Egypt if they don't have access to the internet? You still need an internet connection
ezrtgrtg yeah that line was a logical jump aka bull
local net work still gonna work even you cut off to the centraized backbones.
www.gotenna.com/pages/about
If everybody dislikes this video, maybe they will allow us to invest.
So Emma Watson can save her youth permanently
Greed killed the golden goose.
The current price of $FIC is stable above $0.25 I think this area is in accumulation phase good to stack more $FIC this might reach $0.50 soon!
how do you make sure, that those hard drives scattered all around the work wont fail or loose connection? Does it clone my data to multiple locations and how do you make sure its still efficient?
This is a problem being worked on by many companies and "coins." This ad makes it look like they are the only game in town.
2 years later and I still think about this. 3 things have to be considered:
1. Control - is it fully decentralized?
2. Storage cost - if it is fully decentralized, how do you prevent huge storage costs, such that 1MB of data does not require a manyfold of disk space? What happens when a memeber of the network is not reachable anymore? How do you prevent data loss and strengthen data integrity?
3. Speed - if storage of the file is truly decentralized, how do you make sure that the requested data can be quickly accessed, also in a large scaled network?
If you don't wear pink khaki shorts with loafers don't keep watching this video!!!!
Good
music track?
Why are people saying you need to be an accredited investor? I just signed up and I got as far as it asking me to send my USD/btc/eth. DIdn't seem to need anything else?
Thats why I sold my FIL to Sharder
Nice project ever
Looks like you need to have an accreditation. Any one have any idea when it will be available on exchanges ?
Did you ever buy in? Look at file coin now
I want a youtube alternative that honours free speech but still adheres to the laws of the land. One major stumbling block is in video storage and bandwidth consumption of those videos - it's damn expensive. I hope filecoin / IPFS can reduce the costs of that and disrupt the monopoly of the woke billionaires that are trying to silence humanity.
Huh. You just gave me a real use case for this.... Bravo!
i saw that in the HBO silicon valley SERIES... COOL
What stops me from converting my filecoins into cash. Then just deleting all the files on my hard drives?
Go ahead and destroy your coins
You are a very clever team, bravo. But this project is just bullcrypt. Feathercoin to litecoin is filecoin to sia. The only difference is that the feathercoin developers didn't milk the rich "accredited investors". That's why you are so clever. That's also why we cant have nice things.
Siacoin FTW
Do Enterprise Companies will use this instead of Amazon Web Services? When do we see companies using this?
Not if these companies value their data. People use AWS just as much for stability as they do for price and availability. Sorry but not putting my data on some random second hand server with old refurbished disks simply because it is "decentralized". Buzz word.
On Lbank, file coin is fil6 and fil12 and fil36. I'm confused.
any idea who made this video for them? looking to hire
Send us an email at video@protocol.ai, I'd be happy to introduce them
Oops... all my HDDs are full :-)
Can anybody tell which company made the video for filecoin
That's great and all, but what if I decide to unplug my hard drive and skip town or move, or I don't pay my elec bill? The files being stored are lost. Is there a solution for that?
That's what I was wondering!
They store multiple backups of each file over the network. Therefore it becomes highly unlikely that a file becomes lost.
Ooh. Wuala 2.0!
Siacoin, Burstcoin and now Filecoin same ?
230$ today :)
Now 70$ ：（
just explain what IPFS it is vs putting out some emotional bs that u could use to explain a cow u fell in love with.
Is there a tutorial on how to use this filecoin?
empolgante
Amazing FIL!!!!!
So this is like BURST 2.0. We all know how that played out.
1:36, there are quite a few weebs and frogposters in there, nice!
Nobody is using FIlecoin for anything these days and the price is dropping rapidly. You can't be a storage host if you're not at a startup level; individual users can't really participate at all. This video is too much cringe.
I can't stand watching these commercials, where they just briefly sweep over the general idea as if they are the only group working on this type of project.
What makes you DIFFERENT?
united states isolating itself again...........i guess the ones that havent had their yachts reposessed yet will have the coin in their back pockets to invest within the us of a of course........... 20 tillion in debt not looking good really....but those deriveratives are looking hot lol......
太超前了。。。震撼
When will this be avaliable on exchanges?
It seems greed and US capitalism has already made that project obsolete. Sad.
storj killer
Sia will destroy this garbage
Really? Fast forward three years later and Sia is at 0.025 and filcoin is at $198.00 what do you have to say about that?
How sad was ready to invest....Sorry I'm not Hillary or Trump...
haha, iwtoken man august 31 - 1:00pm!
bye bye, cheap second hand terabite hard drives
Nice moneygrab for the wealthy. lol
Good another ICO scam