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From YouTube: Introducing Filecoin, a decentralized storage network
Description
Announcement: https://protocol.ai/blog/ann-filecoin-token-sale-and-new-paper/
Coinlist: https://coinlist.co/
Filecoin Paper: https://filecoin.io/filecoin.pdf
B
A
Have
this
exponential
growth
in
the
amount
of
data
generated
and
in
that
data
that
means
to
store
and
safeguard
the
way
the
Internet
has
evolved.
There
are
single
points
of
failure
everywhere
we
saw
this
play
out
in
Egypt
where
suddenly
one
morning,
people
woke
up
to
the
internet
just
completely
shut
down,
they
can
reach
each
other.
They
couldn't
talk
to
each
other.
A
We
believe
is
incredibly
important
to
improve
the
properties
of
the
internet,
with
the
ideas
of
decentralization
and
peer-to-peer
knowledge.
So
that's
what
we're
working
on?
We
built
ipfs
a
protocol
to
remove
those
central
points
of
failure
to
improve
the
resilience
of
the
internet
and
the
web
and
to
give
information
a
stronger
sense
of
permanence.
A.
A
C
A
The
first
phase
of
our
work
decentralizing
the
web,
was
to
build
ipfs.
The
next
phase.
Improving
on
this
foundation
is
a
new
protocol
bachlin
with
the
rise
of
protocols
like
Bitcoin
and
aetherium.
We've
seen
massive
decentralized
networks
form
where
anyone
can
dedicate
their
computer
to
run
the
network
and
earn
crypto
tokens
for
doing
so.
Mining
for
tokens
is
so
profitable
that
these
networks
have
spreaded
globally
and
created
the
world's
most
powerful
computing
systems.
We
realized
that
we
could
use
the
same
kind
of
incentive
structures
of
Bitcoin
to
create
a
decentralized
storage
network.
A
There
is
a
massive
amount
of
unused
latent
storage
out
there.
The
vision
for
file
claim
is
to
create
a
decentralized
storage
market
and
networks
kind
of
like
Airbnb,
where
all
that
unused
storage
can
be
sold
on
the
market.
So,
with
this
vast
amount
of
supply
joining
the
network
that
is
not
currently
connected,
we
can
optimize
our
resources
and
drop
the
cost
of
storage.
D
One
of
the
powerful
things
about
file
coin
is
that
it
allows
individuals
to
be
incentivized
to
act
as
parts
of
a
network.
Each
individual
will
contribute
their
part
and
get
paid
for
it.
But
then
the
sum
of
all
the
individuals
will
create
a
network
that
it's
much
more
powerful
than
the
systems
that
we
have
today.
E
Anybody
who
uses
the
technology
can
become
an
investor
in
the
technology
they
can
buy
tokens
that
file
coin
is
successful.
They
can
share
in
that
financial
success.
It's
kind
of
like
anybody
in
the
world
being
able
to
get
a
seed
investment
in
a
Google
or
a
Facebook
or
an
Amazon,
or
something
like
that.
Falcone.
A
Is
going
to
completely
reimagine
the
way
data
is
stored
and
delivered,
especially
in
the
places
where
internet
service
is
most
fragile.
Just
like
people
mined
Bitcoin
all
over
the
world,
local
entrepreneurs
will
realize
they
can
mine
pal
coin
by
plugging
together
as
many
card
drives,
as
they
can
get.
Not
only
can
they
earn
significant
amounts
of
money,
but
they
can
also
provide
a
valuable
service
to
their
local
community.