How Filecoin Could Kill Amazon (The FUTURE of Decentralized Storage)

Are NFTs a full-on scam? In 2022, thousands of NFTs for the Coachella music festival were frozen leaving users without any art in their NFTs. Why? The actual assets were held on servers that belonged to FTX. This is a problem with NFTs as a whole and not just ones connected to Solana and FTX. It’s a bug in the system while we bridge the gap between Web2 and Web3. Is there a solution? Or is this the achilles heel for NFTs? And I wonder if Filecoin has anything to say about it.

0:00 Intro
0:52 The Problem
1:38 Parler
2:32 Why Decentralized is Better
4:12 What is Filecoin?
5:14 Filecoin for Storage
6:11 IPFS
7:18 FVM
8:07 Conclusion

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All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person's opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice. Digital Assets are highly volatile and carry a considerable amount of risk. Only use exchanges for trading digital assets. Never keep your entire portfolio on an exchange.

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[Dns.inceptiowl]

Thanks for bringing this topic. Internet needs to be trustless and not rely on a single company's storage capacity. This is the point of making blockchain scalable, secure and decentralized.

[subscrypts]

Filecoin is Tier A project. Will take us to the moon. Literally.

[jessyray]

Hey, now that's fair. You were real modest about the price prediction. Good job on this one.

[Cryptorocker]

based on Fundamentals and past history.
I see Filecoin easily going to several hundred Dollars per. If not over a thousand dollars.

[paydayspayoff]

filecoin and chainlink the truth machine

[FatherSonUAP]

Ben, this could all be done with $hbar. There are many ways. One way, just secure/encrypt servers and use consensus mechanism to guarantee. All of these network build outs would be done with $hbar

[ffirstllast]

Filecoin is heavily centralized and majority Chinese owned.
You forgot to mention these things that are easily researchable.

[sbroccoli]

How great would that be if Amazon and google get smacked down by file coin

[Goodgirlboss]

Great video your one of the only YouTubers that know about Filecoin

[ToreAndre]

Wesendtit will be huge in the next couple years

[goldenchild]

ScPrime is another viable option for decentralized storage

[Rafi_crypto]

Filecoin needs to make its storage cheaper per gb

[ddetrick]

Which is exactly why all the institutional players worth trillions collectively are doing whatever they can to make sure filecoin fails. They obviously have a lot to lose if it succeeds

[kevinschmidt]

Ethereum has over 60% of their nodes on the big 3 clouds.

[thasuperstars]

Never liked Parlor but I defend its freedom of speech. Big Tech's reign is coming to an end!

[Po-man-]

Don't know if they do but ive stocked up on it

[samuelemem]

I noticed you discus topics similar to what Crust Network offers. I would personally prefer Crust Network to filecoin because of its decentralized storage, security, scalability. Would love to see you create a video about Crust Network/ $CRU. Your audience would greatly benefit from learning more about this innovative tech.

[abhishekvankar]

What will you choose filecoin or arweave?

[royth]

This is a great ALT to own for the next bull market in 2024/25. But Amazon has nothing to worry about lol

[LomaNavejas]

Thanks for sharing such valuable information! Could you help me with something unrelated: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). Could you explain how to move them to Binance?