Filecoin Suspends ICO After Raising $186M in One Hour

Re:Filecoin Suspends ICO After Raising $186M in One Hour by stale2002 on Friday August 11, 2017 @02:07PM (#14992627)

Think about all the extra space on all the harddrives in the world that isn't being used.

For example, when you buy a new computer, with a 500 GB drive, 400GB of it isn't going to be used for a while.

Hard drives may be cheap, s3 may be cheap, but that extra 400 GB of hard disk space? That space is literally FREE.

Hard disk space is weird, because there is so much completely unused space out there, that would be literally free to use.

Filecoin will allow this free space to be put on the market.

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Re:Filecoin Suspends ICO After Raising $186M in One Hour by lordCarbonFiber on Friday August 11, 2017 @02:18PM (#14992725)

I think the OP's point is the cost of infrastructure means that this space on the market will never be less than the cost of S3 or local storage. So why buy the "free space", which leads to the bigger question. why sell it.

Because operating a node for File Coin is certainly not free in terms of network costs and requires the opportunity cost of giving up your local storage for the duration.

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Re:Filecoin Suspends ICO After Raising $186M in One Hour by okabat on Friday August 11, 2017 @02:38PM (#14992890)

You pay the operational burden of keeping your computer networked 24/7, and likely receive cents in exchange.

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Re:Filecoin Suspends ICO After Raising $186M in One Hour by int_19h on Friday August 11, 2017 @11:16PM (#14996249)

How many people already keep their computer on and working 24/7 (or close enough) in practice, though?

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