IPFS aims to be a distributed storage technology which will avoid storage on insecure centralized databases. XSL Labs introduces you to this revolutionary te...
they are offering it for free in order to incentivise more developers to adopt it, more people using it only means they need to pay more for hosting
plus, the value of ipfs is largely dependent on its flexibility, locking everyone to use filecoin would probably be not only technically impossible (many libraries are maintained by people other than protocol labs), but also weird from their side, as there is a multitude of applications for ipfs other than redundant bulk storage
obviously, there’s no way to know what’s going to happen, but in my opinion this is extremely unlikely: watching all the interviews with the people behind ipfs I get a strong feeling that these people are actually trying to do something good, and this is not simply a cash-grab operation
i don’t pretend to understand investing, but I think there’s no reason why people who bought filecoil would not be able to get a return on investment if the value of filecoin increases, after all, filecoin offers genuine utility and a very concrete service, and not some theoretical promise: trying to squeese some money out of it very fast would be a relatively small amount compared to what a potentially enormous data storage network be worth in the future
and in any case, do VCs who bought pre-sale tokens have any say in the way the company that develops it is run? they bought tokens, not company shares i think… like i literally don’t know, do they have any way to influence them?
for sure, I didn’t intend to convey that I’m not skeptical of filecoin in any way, there was a lot of questionable stuff along the way
but imo it’s still unlikely, but even if they somehow figure out a way to steer an organization that they in theory should not be able to influence into a decision only with short term profit in mind…
…you can just fork all their code, it’s all open source after all, plus, the idea and mechanism behind ipfs are as public as any information can be, and as it’s a pretty cool technology, even if all the progress is by some incredible concidence lost, it will be reimplemented from scratch by someone
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that’s just protocol labs offering their own hosting, there’s nothing preventing you from not using it, no?
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they are offering it for free in order to incentivise more developers to adopt it, more people using it only means they need to pay more for hosting
plus, the value of ipfs is largely dependent on its flexibility, locking everyone to use filecoin would probably be not only technically impossible (many libraries are maintained by people other than protocol labs), but also weird from their side, as there is a multitude of applications for ipfs other than redundant bulk storage
obviously, there’s no way to know what’s going to happen, but in my opinion this is extremely unlikely: watching all the interviews with the people behind ipfs I get a strong feeling that these people are actually trying to do something good, and this is not simply a cash-grab operation
deleted by creator
i don’t pretend to understand investing, but I think there’s no reason why people who bought filecoil would not be able to get a return on investment if the value of filecoin increases, after all, filecoin offers genuine utility and a very concrete service, and not some theoretical promise: trying to squeese some money out of it very fast would be a relatively small amount compared to what a potentially enormous data storage network be worth in the future
and in any case, do VCs who bought pre-sale tokens have any say in the way the company that develops it is run? they bought tokens, not company shares i think… like i literally don’t know, do they have any way to influence them?
deleted by creator
for sure, I didn’t intend to convey that I’m not skeptical of filecoin in any way, there was a lot of questionable stuff along the way
but imo it’s still unlikely, but even if they somehow figure out a way to steer an organization that they in theory should not be able to influence into a decision only with short term profit in mind…
…you can just fork all their code, it’s all open source after all, plus, the idea and mechanism behind ipfs are as public as any information can be, and as it’s a pretty cool technology, even if all the progress is by some incredible concidence lost, it will be reimplemented from scratch by someone
but I understand your concern now