The Economics of Filecoin

Money, blockchains, and social scalability

Introduction Blockchains are all the rage. The oldest and biggest blockchain of them all is Bitcoin , which over its eight-year hist...

Filecoin | World's Largest Decentralized Storage Network for Humanity's Data

Preserve humanity's most important information on Filecoin, the decentralized storage network with verifiable integrity, global redundancy, and no centralized control. Build apps, store data securely, or become a storage provider today.

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Filecoin is a distributed storage network based on a blockchain mechanism. Filecoin miners can elect to provide storage capacity for the network, and thereby earn units of the Filecoin cryptocurrency (FIL) by periodically producing cryptographic proofs that certify that they are providing the capacity specified. In addition, Filecoin enables parties to exchange FIL currency through transactions recorded in a shared ledger on the Filecoin blockchain. Rather than using Nakamoto-style proof of work to maintain consensus on the chain, however, Filecoin uses proof of storage itself: a miner’s power in the consensus protocol is proportional to the amount of storage it provides.

Why is decentralized and distributed file storage critical for a better web?

The team behind IPFS and Filecoin explain how advances in distributed data storage and strong alignment of market incentives are combining to create a much more secure and efficient web.

ICO Ethics, Filecoin, Short-term Fear & Long-term Greed

This is a hybrid post about what I think we need to see in order to avoid a hard landing for the ICO ecosystem (once the market inevitably…

The Truth About Blockchain

Contracts, transactions, and records of them provide critical structure in our economic system, but they haven’t kept up with the world’s digital transformation. They’re like rush-hour gridlock trapping a Formula 1 race car. Blockchain promises to solve this problem. The technology behind bitcoin, blockchain is an open, distributed ledger that records transactions safely, permanently, and very efficiently. For instance, while the transfer of a share of stock can now take up to a week, with blockchain it could happen in seconds. Blockchain could slash the cost of transactions and eliminate intermediaries like lawyers and bankers, and that could transform the economy. But, like the adoption of more internet technologies, blockchain’s adoption will require broad coordination and will take years. In this article the authors describe the path that blockchain is likely to follow and explain how firms should think about investments in it.

Case for SectorCoins

Open blockchain projects are about decentralizing services. For example, Filecoin for storage, Golem for computation, Ethereum for smart…

Trust: the inside story of the rise and fall of Ethereum | Aeon Essays

Blockchain enthusiasts crave a world without bankers, lawyers or fat-cat executives. There’s just one problem: trust

Open Source Money will BUIDL the Open Source Ecosystem

The blockchain revolution is growing open source

Trust Revolution

Unfiltered conversations with builders, thinkers, and operators in Bitcoin and beyond. Exploring systems we trust, why they work (or don't), and what's next.

Cryptoeconomics: Paving the Future of Blockchain Technology | HackerNoon

Page through the articles on <a href="https://hackernoon.com/tagged/blockchain" target="_blank">blockchain</a> today and you will see healthy discussions over its applications and endless debates over the future price action of someone’s favorite cryptocurrency. Yet rarely among all these topics is any mention of the most fascinating notion at the heart of the movement — blockchain as a novel means<strong> to incentivize desired human behavior</strong>.

Bitcoin is fiat money, too

What Charles Kindleberger has to say about cryptocurrencies

I Was Wrong About Bitcoin. Here’s Why. (Published 2017)

Our columnist predicted in 2013 that Bitcoin, then a new digital currency, would soon die. He points to five assumptions he got wrong.

Metastablecoin Fragmentation (updated)

A fundamental problem for decentralized systems like permissionless blockchains is that their security depends upon the cost of an attack be...

The Quiet Rewiring of American Finance

Stablecoins, Treasury markets, and the most significant shift in financial infrastructure that almost nobody is discussing.