Like so many cryptocurrency projects, Filecoin just seems like a solution in search of a problem more than anything else. What exact problem is Filecoin trying to solve that's not possible with current infrastructure? It seems like the decentralization adds a lot of overhead and complexity for no benefit.
The main argument that I hear is that somehow Filecoin will be cheaper than centralized competitors. However, services such as Backblaze are already quite efficient. Why exactly would costs be cheaper and why can't Backblaze do those same things and overtake Filecoin?
The main argument that I hear is that somehow Filecoin will be cheaper than centralized competitors. However, services such as Backblaze are already quite efficient. Why exactly would costs be cheaper and why can't Backblaze do those same things and overtake Filecoin?