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" Filecoin is a decentralized storage market - think of it like Airbnb for cloud storage - where anybody with extra hard drive space can sell it on the network. "
Juan Benet
Drive
Cloud
Space
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" The purpose of the Filecoin currency is to create a fungible token that can be spent to hire the miner network to store files. The first and foremost use of the currency is precisely this: locking it up as a reward to miners who successfully store data on the network. "
Juan Benet
Reward
Create
Currency
" We do expect there will be some big centralised miners that will have a lots of storage and economies of scale. But there will also be a large cloud of small miners all over the world. "
Juan Benet
Small
Will
World
" Just because you call something a blockchain or an ICO, that doesn't mean you aren't subject to normal laws. "
Juan Benet
Blockchain
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" Filecoin is a token with fundamental value. Filecoin is like Bitcoin, but miners amass hard drives instead of hashing computers. "
Juan Benet
Bitcoin
Like
Value