No discussion of Filecoin is complete without talking about how much miners got paid per gb per hour for the past few years (hint: they covered the cost of their SSD in < 1 hour at one point)
It's a great story filled with 80+% APR loans clamoring for unvested FIL balances, all kinds of middle men taking cuts, and of course putting max risk on retail when the ship eventually sinks
I really hope their $300m or whatever will build something useful, but I would be shocked if this tech ends anywhere because the whole project was/is a simple money grab and the grabbings been done already
It's a great story filled with 80+% APR loans clamoring for unvested FIL balances, all kinds of middle men taking cuts, and of course putting max risk on retail when the ship eventually sinks
I really hope their $300m or whatever will build something useful, but I would be shocked if this tech ends anywhere because the whole project was/is a simple money grab and the grabbings been done already