RE: Ohhh Filecoin... The billion dollar white paper...

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Ohhh Filecoin... The billion dollar white paper...

in filecoin •  7 years ago  (edited)

Sounds like a great project. Too bad its just for the rich. Projects that's selling to everyone have much better network effects and tend to be more successful even with having to use VPN. The valuation seems too high and I read where their File Coin buddies got in real cheap. This kinda thing is exactly what crypto is cutting out "the fat middle man". It going to turn out like BATS where only an elite few bought and hardly anyone supports nor talks about now since well no one was able to get in but the rich.

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No different than any corporation that sells stocks privately before an IPO. Crypto ICOs at least give the little guy a chance to get in.

Very unfortunate about BAT. I would guess that if they had known it would have sold out with just a few whales that quick, they would have done something different. I love BAT's idea and think if they can create a network, (sorta shot themselves in the foot with their ICO) interesting things could happen. Brendan Eich gave the world Java Script, he seems to feel like it is the backbone behind the monopolized ad industry and wants to redeem himself. Brave is pretty awesome, you can go on Youtube with absolutely no ads! The tough part will be the transition, but part of me feels like people are getting fed up with the current ad situation. I'm definitely going to look more in to BAT because I think it's a real interesting concept that's a solid win or fail.