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A comment on Is Filecoin a $257 million Ponzi scheme? [pdf]. Parent comment

Re:Is Filecoin a $257 million Ponzi scheme? [pdf] by rightos on Thursday November 30, 2017 @02:20PM (#15818653)
The reason you need to buy some Siacoin in order to become a host is simple - you need collateral in case you fail to fulfill your hosting contracts - collateral of more than the value of those hosting contacts themselves. Turn off or not, that seems to be the only reasonable way to achieve private hosting contracts to me
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Re:Is Filecoin a $257 million Ponzi scheme? [pdf] by hobofan on Thursday November 30, 2017 @03:26PM (#15819197)
Sure, I realize that it is for collateral. Nonetheless, that is why I spend my time doing stuff with IPFS rather than Siacoin.

I tried to answer your question about why people are hyped for IPFS/Filecoin (some only for one of the two) rather than the alternatives. It is not only because IPFS/Filecoin are "flashy", but because contrary to your claim developers _did_ have something working to play with from the same developers for quite some time which is also superior in some regards (public hosting).

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