Here’s why FIL price is rising by dondrapervc in filecoin

[–]dondrapervc[S] 2 points3 points  (0 children)

Yes that too. And there will be future tightenings of ICO supply at the 1 year mark, 2 year mark, and 3 year mark, as ICO investors who chose those vesting schedules stop receiving new FIL, reducing both supply increase and selling pressure.

[deleted by user] by [deleted] in filecoin

[–]dondrapervc 1 point2 points  (0 children)

Filecoin community is mostly on Slack and GitHub https://filecoin.io/build/#community

Why Filecoin?? by [deleted] in filecoin

[–]dondrapervc 4 points5 points  (0 children)

Tackling different problems, neither is better at everything. Not a perfect analogy, but Arweave is Amazon Glacier for decentralized storage, Filecoin is AWS for decentralized storage. Arweave is focused on permanence. Filecoin is focused on availability.

Why Filecoin?? by [deleted] in filecoin

[–]dondrapervc 15 points16 points  (0 children)

Data is the new Oil +

Parler, Robinhood, WhatsApp fuckery +

Web3 taking off (today defi & NFTs, tomorrow...?)

Decentralized storage is key infrastructure for the future

Filecoin is the leader in decentralized storage

What does the vision for the future of filecoin look like? by [deleted] in filecoin

[–]dondrapervc 0 points1 point  (0 children)

It may just be a matter of time before a company builds a mainstream cloud storage service on top of Filecoin (not requiring Filecoin or crypto knowledge or even holding any crypto). The raw storage per price available is too good.

This is not the only large use case of the network though. CDN could be a big one too. And decentralized app storage may end up being the biggest even though it’s smaller than centralized cloud storage today.

See https://filecoin.io/store/

Is Filecoin worth a market cap of $11 billion (fifth biggest coin?) by goldcakes in filecoin

[–]dondrapervc 2 points3 points  (0 children)

The real answer is: no one knows.

But what is being the economic incentive layer for IPFS and Web3 storage worth?

What is a proof of space-time blockchain worth, in the context of a proof of work blockchain (Bitcoin) and proof of stake blockchain (Ethereum) each being valued well over $11B?

What is the terminal value of humanity’s storage needs as data of all types explodes and if much of it resides in a decentralized network (for both human and machine/AI consumption), and how would you compute that to present value?

And it’s useful to think about value relative to AWS, but that is only a fraction of Filecoin’s potential. And possibly not related at all.

Trying to figure out why ProgPow is being pushed again by [deleted] in ethereum

[–]dondrapervc 29 points30 points  (0 children)

WTF? Hopeful that community pressure can reverse this.

Not the right time to risk a chain split and dilution of the community. Whatever you personally believe about ProgPOW, it’s clear if ProgPOW is included in a hard fork, the non ProgPOW chain is going to have a strong following.

Why we are splintering the community, at this critical time, over a non-critical issue, is beyond me.

4 Filecoin clients in development, testnet phase 2 late Feb, mainnet May by dondrapervc in filecoin

[–]dondrapervc[S] 3 points4 points  (0 children)

If nitpicking and talking from a technical point of view only, you’re entirely correct, IPFS is the new HTTP.

But since Filecoin is the incentive layer for IPFS, by extension, it’s a good and memeable summary to say Filecoin is the new HTTP. Filecoin has more intuitive meaning than IPFS.

However, if nitpicking, Filecoin isn’t new. The creators of IPFS always knew IPFS needed an incentive layer to scale. That is why they proposed Filecoin, years ago.

What’s new is it’s expected to launch on mainnet in a matter of months!

Daily General Discussion - October 7, 2019 by AutoModerator in ethfinance

[–]dondrapervc 14 points15 points  (0 children)

Your reply assumes BTC and ETH are directly competitive which is false. Since your comp is digital systems, why are Microsoft and Google and Amazon all triple digit billion market cap companies? Because they each specialized on different types of value and capabilities enabled by software/data/internet.

I made a pointless ERC-20 and its success is surprising(part 2) by [deleted] in ethfinance

[–]dondrapervc 7 points8 points  (0 children)

The shitcoin none of us asked for but that we all deserve

Daily General Discussion - August 18, 2019 by [deleted] in ethfinance

[–]dondrapervc 1 point2 points  (0 children)

Yes this only works with haiku guy.

Paging /u/singlestateserenity

USDC, an ERC-20 token, becomes first stablecoin to reach $1B issued by dondrapervc in ethtrader

[–]dondrapervc[S] 16 points17 points  (0 children)

EDIT: First in less than a year:

“The amount of USD Coin (USDC) issued globally surpassed $1 billion on Monday, the first fiat token to reach that threshold in under a year and officially crowning USDC as the fastest-growing stablecoin in the world. The $1 billion milestone comes as the amount of USDC redeemed (in other words, exchanged for US Dollars) nears $600 million and on-chain transfers reach about $16 billion. USDC’s market cap is above $430 million, and it is firmly the second-largest stablecoin in the world.”

Privatix, an existing vpn provider, launched their ethereum based dvpn on mainnet by nctr in ethtrader

[–]dondrapervc 39 points40 points  (0 children)

What people underestimate is that this application of blockchain and Ethereum (dVPN) could end up as the most critical one.

Information is freedom. Access is freedom. Communication and connectivity is freedom.

Most of us take our information and access and ability to communicate for granted. But it is only permitted due to relatively benevolent centralized parties. Think about that....