Filecoin was created to incentivize the distribution of content within the IPFS network, addressing the market for storage where some people want to buy storage and others want to provide it.

Filecoin offers decentralized data storage, meaning that if a provider like Amazon decides to cut you off, your data remains accessible through the network.

Filecoin is not just a Dropbox replacement; it aims to replace cloud storage, allowing companies like Dropbox to consider using it instead of traditional managed infrastructure.

Filecoin should be viewed as a market layer across all providers, enabling those who currently do not sell their storage to enter the market and drive prices down.

The motivation for individuals to contribute storage to the Filecoin network will primarily be financial, as they can earn money by providing their resources.

In the Filecoin network, your influence over consensus is determined by the amount of storage you provide, rather than your CPU power, which is a shift from traditional blockchain models.

I wanted to build an organization that could facilitate projects like Filecoin, which could be seen as a way to build collaboratively rather than in isolation.

Tokens are essential for the functionality of certain networks, as they incentivize users to participate in the ecosystem, such as storing and sharing files.

CoinList was started as a collaboration between Protocol Labs and AngelList to run the token sale for Filecoin.