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> Why a "Filecoin"? We already have a tested and working native internet currency: bitcoin. Because it’s a lot easier to raise $300 million on a bit of hype se

> Why a "Filecoin"? We already have a tested and working native internet currency: bitcoin. Because it’s a lot easier to raise $300 million on a bit of hype selling your own coin. (Also Bitcoin micropayments aren’t quite there yet, but I’m not sure any other truly decentralized cryptocurrency really is either)

dpacmittal 7y ago
I feel Nano is doing an outstanding job. It's what bitcoin was supposed to be.
- ahelwer 7y ago
  The funny thing about every comment which positively mentions Nano is the writer invariably has zero idea what tradeoffs are made in the consensus protocol to make it faster. There are no free lunches in distributed systems which must contend with byzantine failures.
  - StavrosK 7y ago
    Pray enlighten us.
  - magnamerc 7y ago
    You've succinctly captured exactly how I feel when I hear people mention nano, so thank you for that.
sharperguy 7y ago
The problem with any alternative token transfer systems is that they either introduce additional points of centralization (hence attack vectors) or end up being significantly inferior to bitcoin in terms of scalability, reliability, testing and user base.
ukd1 7y ago
Also, why filecoin -at all- when siacoin exists and works already. Filecoin is vaporware.