Phrase by 'Juan Benet'
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Filecoin is a token with fundamental value. Filecoin is like Bitcoin, but miners amass hard drives instead of hashing computers.
Author: Juan Benet - American BusinessmanValue , Like , Hard , Computers
The purpose of the Filecoin currency is to create a fungible token that can be spent to hire the miner network to store files. The first and foremost use of the currency is precisely this: locking it up as a reward to miners who successfully store data on the network.
Author: Juan Benet - American BusinessmanPurpose , Data , Reward , Create
We do expect there will be some big centralised miners that will have a lots of storage and economies of scale. But there will also be a large cloud of small miners all over the world.
Author: Juan Benet - American BusinessmanWorld , Will , Small , Cloud
Filecoin is a decentralized storage market - think of it like Airbnb for cloud storage - where anybody with extra hard drive space can sell it on the network.
Author: Juan Benet - American BusinessmanThink , Space , Drive , Cloud
Just because you call something a blockchain or an ICO, that doesn't mean you aren't subject to normal laws.
Author: Juan Benet - American BusinessmanYou , Something , Mean , Just Because
We use content-addressing so content can be decoupled from origin servers and, instead, can be stored permanently. This means content can be stored and served very close to the user, perhaps even from a computer in the same room.
Author: Juan Benet - American BusinessmanContent , Same , Room , Use
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One third of the economy goes through 'QuickBooks' in terms of businesses invoicing other businesses. Each invoice contains a connection between vendors, suppliers, and customers, and also the price of that connection. Representing the payment graph is huge opportunity and something no other company can do. (Aaron Patzer)Affiliated links: In case you want to support this project, you can do it by using these links. There will be no cost to you and they may be a little help to the creativity of this project.
