remember FileCoin? Always thought that had merit. Also there was another one that started with an 's'. i've been in this stuff for a long time now.
I think they made 2 critical and fundamental errors:
• There is zero need to create a token for storage. For the exact same way we don’t have “car tokens” to buy cars. It defeats the purpose of money if you need new money for every use case, money is the universal weighing system that only works because it’s used to weight everything in the economic network, if you have separate money for separate industries or products, it only means it doesn’t work as money. (Imagine we used kilograms for weighing trucks and pounds for weighing gas, but the pounds changed based on how much gas you produced today and the kilogram weight changes based on how many trucks are on the road. Now weigh a truck and subtract its kilograms to get how much gas it’s carrying, if you think that sounds like a ridiculous problem, using separate monies for every food is actually worse than that)
• File storage did not need global consensus. In fact we don’t *want* global consenus, we want segmentation, control, and privacy. That means a blockchain is antithetical to our purposes, not beneficial.
Put these two problems together and the outcome of Storj and Filecoin only had one logical path. And it seems to have played out as expected.
• There is zero need to create a token for storage. For the exact same way we don’t have “car tokens” to buy cars. It defeats the purpose of money if you need new money for every use case, money is the universal weighing system that only works because it’s used to weight everything in the economic network, if you have separate money for separate industries or products, it only means it doesn’t work as money. (Imagine we used kilograms for weighing trucks and pounds for weighing gas, but the pounds changed based on how much gas you produced today and the kilogram weight changes based on how many trucks are on the road. Now weigh a truck and subtract its kilograms to get how much gas it’s carrying, if you think that sounds like a ridiculous problem, using separate monies for every food is actually worse than that)
• File storage did not need global consensus. In fact we don’t *want* global consenus, we want segmentation, control, and privacy. That means a blockchain is antithetical to our purposes, not beneficial.
Put these two problems together and the outcome of Storj and Filecoin only had one logical path. And it seems to have played out as expected.
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