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Comment by swiley | Hacker News Reader

You would think HN would like FIL since it's one of the more environmentally friendly coins. Maybe the BTC hate really is everyone feeling butthurt about not buying it on #bitcoin-otc in 2011.

EDIT: NVM the whole thing is a mess

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As usual, HN is not one person. Also, I think most people are pretty skeptical of anything -coin / -blockchain - like AI and Cyber it sounds like a lot of the money is spent on marketing and there's a good chance the whole thing is just a cash grab or a pump and dump.

This is not against Filecoin specifically - I don't know it -, but if you tried to sell me "AI generated code enhancements", I'm going to be skeptical based on that name alone, as well.

I like the concept of incentivizing storage through a self-governing decentralized system. I don't like that it's named "-coin" and that its website clearly trying to ride the wave of blockchain hype without explaining the basic economics of the system.

> it's one of the more environmentally friendly coins

I'm not convinced that's even true. It's still a proof-of-work coin; the only real difference is that the work is storage-intensive.

There's a huge difference between proof of useless work and getting paid for storing real data.

The storage is incidental. Filecoin "storage miners" are required to perform work to prove that they're still storing the data. This work serves no purpose beyond acting as a proof of storage, and performing this work has nontrivial costs.

Nocoiners have already lost all hope. They're not even trying to FUD anymore.

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