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> by granting filecoin to whom share their bandwidth and local storage

This is what every blockchain does.. (lottery mining)

>But right now, it doesnt exist. And IPFS still works flawlessly

Reading the IPFS website, I was under the impression IPFS nodes were utilizing filecoin. My bad.

Filecoin is one of several proposed approaches for encouraging seeding ("pinning") in the IPFS network. In our network (Mediachain), we will probably start out by using tit-for-tat pinning between peers for this purpose.

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