>Why a "Filecoin"? We already have a tested and working native internet currency: bitcoin. Maybe the "proof" section of the FAQ will explain the difference: h

>Why a "Filecoin"? We already have a tested and working native internet currency: bitcoin. Maybe the "proof" section of the FAQ will explain the difference: https://filecoin.io/faqs#what-s-the-difference-between-all-these-proofs https://filecoin.io/faqs#what-s-the-difference-between-all-t... If you've already read that FAQ and still disagree, are you saying you can embed the incentives to store terabytes of others' data and also the proof of that storage into existing Bitcoin blocks? (I'm not saying IPFS "proof-of-storage" scheme will work. I'm just saying Bitcoin's proof-of-(cpu)-work doesn't seem to easily map to verification that the peers' harddrives actually has the data they claim to have stored.)