Mediachain enivisions a blockchain-based tool for identifying artists’ work

Re:Mediachain enivisions a blockchain-based tool for identif... by kefka on Thursday June 02, 2016 @02:29PM (#11824897)

Right now, filecoin is only a whitepaper. There's no implementation yet. Possibly never.

Now, Filecoin seems to, from the whitepaper, gotten it right. We all know of the tragedy of the commons. Their solution was an elegant way around that, by granting filecoin to whom share their bandwidth and local storage. And then, others will take your coin for duplicating files you want copied.

But right now, it doesnt exist. And IPFS still works flawlessly.

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Re:Mediachain enivisions a blockchain-based tool for identif... by paavokoya on Thursday June 02, 2016 @02:52PM (#11825083)

> by granting filecoin to whom share their bandwidth and local storage

This is what every blockchain does.. (lottery mining)

>But right now, it doesnt exist. And IPFS still works flawlessly

Reading the IPFS website, I was under the impression IPFS nodes were utilizing filecoin. My bad.

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Re:Mediachain enivisions a blockchain-based tool for identif... by parkan on Thursday June 02, 2016 @04:46PM (#11825904)

Filecoin is one of several proposed approaches for encouraging seeding ("pinning") in the IPFS network. In our network (Mediachain), we will probably start out by using tit-for-tat pinning between peers for this purpose.

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