5 ms·

Filecoin I suppose, in that it actually does something useful, and early adopters could have made a decent profit if they sold during the bubble.

vasco 4y ago
Selling high isn't "a profitable enterprise". I can buy any money losing penny stock and sell it higher than I bought it and I'll pocket some money, but in no way that means I was an investor of a profitable enterprise.
- sbierwagen 4y ago
  Tell that to, uh, every VC fund? That business model is to invest into an early stage business, (buying low) wait for them to develop a useful product, and then sell high.
wmf 4y ago
Even there the price is probably completely uncorrelated with any usage/profit metrics. If Filecoin never shipped anything, early adopters could have made a decent profit if they sold during the bubble.
- latchkey 4y ago
  I suspect that is a big reason why the price can't seem to move upwards these days as well. Chinese miners continuously dumping their early gains on the market after getting to the 180 day lockup period.
Animats 4y ago
If you go to the Filecoin site, and follow the links for buying storage, you end up here.[1] That's is an onboarding B2B page with no pricing. Enter your email and phone; maybe they'll call. They're not serious about the storage business. If they were, they'd have visible pricing and comparison tables with other cloud storage providers. [1] https://hub.filecoin.io/form-data-client-onboarding https://hub.filecoin.io/form-data-client-onboarding
- anonymoushn 4y ago
  Storj is a product in a similar niche that actually works.
- ohmu8 4y ago
  https://storage.market/ https://storage.market/ has some Filecoin price comparisons
- latchkey 4y ago
  In comparison, to be honest, the AWS pricing pages aren't much better when you really want to dig into how much things are going to cost. That's a big reason why companies like Wasabi have much simpler pricing models. Filecoin is a relatively new and complex beast that not many people understand today. It'll take time to settle into better pricing schemes. I can tell you, this is coming.

vasco 4y ago

Selling high isn't "a profitable enterprise". I can buy any money losing penny stock and sell it higher than I bought it and I'll pocket some money, but in no way that means I was an investor of a profitable enterprise.

sbierwagen 4y ago
Tell that to, uh, every VC fund? That business model is to invest into an early stage business, (buying low) wait for them to develop a useful product, and then sell high.

wmf 4y ago

Even there the price is probably completely uncorrelated with any usage/profit metrics. If Filecoin never shipped anything, early adopters could have made a decent profit if they sold during the bubble.

latchkey 4y ago
I suspect that is a big reason why the price can't seem to move upwards these days as well. Chinese miners continuously dumping their early gains on the market after getting to the 180 day lockup period.

Animats 4y ago

If you go to the Filecoin site, and follow the links for buying storage, you end up here.[1] That's is an onboarding B2B page with no pricing. Enter your email and phone; maybe they'll call. They're not serious about the storage business. If they were, they'd have visible pricing and comparison tables with other cloud storage providers. [1] https://hub.filecoin.io/form-data-client-onboarding https://hub.filecoin.io/form-data-client-onboarding

anonymoushn 4y ago
Storj is a product in a similar niche that actually works.
ohmu8 4y ago
https://storage.market/ https://storage.market/ has some Filecoin price comparisons
latchkey 4y ago
In comparison, to be honest, the AWS pricing pages aren't much better when you really want to dig into how much things are going to cost. That's a big reason why companies like Wasabi have much simpler pricing models. Filecoin is a relatively new and complex beast that not many people understand today. It'll take time to settle into better pricing schemes. I can tell you, this is coming.