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If you can't explain it simply, you don't understand it well enough.

-- Random people in the Internet misquoting Einstein, Richard Feynman,
and Lord Rutherford of Nelson.

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Fact #1

I can't explain it simply

(But I will try)

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Fact #2

These people are fucking geniuses

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Why
this
exists

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A file system?

Distributed?

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Immutable?

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Public?

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• Resistant to censorship
• Files are stored somewhere in the network
  • Everyone can participate
• You ask for what you want
  • and make it available for others

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Incentives?

Enter
Filecoin

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Market

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Automatic balancing

Mining

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Storage Miner

• Sells storage capacity
• Prove they're storing the files
• Prove they have allocated resources
• Deals in the blockchain

Retrieval Miner

• Work in progress
• Deals off the chain
• Retrieves files stored in the network

Repair Miner

• Future work
• ???

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Fact?

Tipset may be more than one block

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Proof-of-Storage

Miner has the space

Miner has the space
commits the space over time

Miner got the file

Miner got the file
has a replica of the file

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Proof-of-Replication

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Replication Game