Are any of these projects ready for personal backup use, or still experimental?
> "Obviously it could fail and become worthless. But if it works it could be huge, like Google-scale huge, which is why this became so contentious," a different investor explains.
That anybody put money into such a bleak concept is still beyond me.
(I don't own Filecoin tokens and have nothing to gain by the project being successful, I'm just a fan of that team.)
> The chance of "filecoin" or whatever else existing 12 months into the future is astonishingly low.
I actually think the chance of Filecoin existing in a year is close to 1. It's not due to a prediction of a wildly successful corporate structure. It's mainly about the tech.
I also suggest you check out the latest Arweave x Gitcoin Open Web Incubator Demo Day from last week to see the latest stuff being built. Looking forward to ArDrive, Verto, WeaveID and more.
https://www.youtube.com/watch?v=Slzyw1w5Ric&feature=youtu.be
One further advantage of decentralized UI hosting on Arweave is simply resilience to website outages: https://twitter.com/rleshner/status/1278444807011139585
For the right use cases, that's a bargain.
While it may look good now, there is a non-zero chance it will disappear within 5 years for some reason or other.
So if your data is really important, better make a backup copy of it somewhere safe, like in B2.