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Filecoin ICO raises $200M in 60 minutes
- Canada 9y agoHow will these storage coins stop cheaters? Why can't I claim that I will store your data and just not do it?
- pfista 9y agoCheck out their whitepaper https://filecoin.io/filecoin.pdf https://filecoin.io/filecoin.pdf It includes two proofs, proof-of-replication and proof-of-spacetime which help prove someone is storing the file multiple times in independent locations.
- Canada 9y agoIt looks like some kind of zero knowledge proof. Why I can't just generate that and then discard your data?
- deleted 9y ago[deleted]
- lgierth 9y agoBecause you need to keep proving over time
- Canada 9y agoReading the paper I get the idea. Although it's possible to cheat, nodes have to put filecoins at risk of loss if they get caught.
- lgierth 9y agoSorry I forgot, here's another paper laying out the Proof-of-Replication and Proof-of-Spacetime: https://filecoin.io/proof-of-replication.pdf https://filecoin.io/proof-of-replication.pdf
- badestrand 9y agoAmazing, although I am not sure I understand their business model correctly. So they are a middle man for digital storage rental and those transactions are done in Filecoins that only they can mine and distribute? So that company has >$200M in cash now or who gets that money? And the investors are in because they saw the surge of Bitcoin (and now of Filecoin)?
- thebiglebrewski 9y agoWho is putting up this kind of cash?!
- wslh 9y agoAccredited investors ;-) Didn't notice the difference with non accredited ones.