lemon on Nostr: When I was young and naive I started learning about "Crypto" through the "courses" ...
When I was young and naive I started learning about "Crypto" through the "courses" provided by Coinbase where they basically market tokens and pay you in those tokens for watching an advertisement on different Crypto projects.
One of the projects that jumped out at me at the time was Filecoin. A "Decentralized Storage Network" where file storage was a marketplace and the currency used for the exchange of storage services was Filecoin.
In 2021, the project peaked to a market cap of over $12 Billion and currently resides still at around $3.3 Billion.
Filecoin has to worry about token governance and security. They need to worry about the SEC and if they'll be perceived as an "Unregistered Security" or if they'll be delisted on exchanges. Filecoin users need to worry about supply dilution, VC investor flight, company execution risk, and if the project will still be around in 10 years.
But hey, they have a pretty website.
Because Leito (nprofile…6mt9) and hzrd149 (nprofile…07ey) build on Nostr and Bitcoin, they don't have to worry about any of that. They can just keep building.
Video for those who may have trouble viewing it the quoted event:
One of the projects that jumped out at me at the time was Filecoin. A "Decentralized Storage Network" where file storage was a marketplace and the currency used for the exchange of storage services was Filecoin.
In 2021, the project peaked to a market cap of over $12 Billion and currently resides still at around $3.3 Billion.
Filecoin has to worry about token governance and security. They need to worry about the SEC and if they'll be perceived as an "Unregistered Security" or if they'll be delisted on exchanges. Filecoin users need to worry about supply dilution, VC investor flight, company execution risk, and if the project will still be around in 10 years.
But hey, they have a pretty website.
Because Leito (nprofile…6mt9) and hzrd149 (nprofile…07ey) build on Nostr and Bitcoin, they don't have to worry about any of that. They can just keep building.
Video for those who may have trouble viewing it the quoted event:
quoting nevent1q…36h9A new Sovereign Engineering (npub1s0v…rmq5) child is born.
Now with Paid-blossom (Ratasker) you can charge for upload and download of files using blossoms and cashu. This will give incentives to people to save information and easily charge for it when people want it. This of torrents and the Internet Archive combined. File distribution with solid economic incentives.
Thank you hzrd149 (npub1ye5…knpr) for all the help with this.
Demo of upload and download. See how cool it is that the file shows up almost intermediately on the downloader client:
nevent1q…k2q6