Filecoin, created by Protocol Labs, exemplifies a decentralized solution for file storage, incentivizing users to provide storage space through a token model.

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.

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

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.

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.

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.

Protocol Labs is a research, development, and deployment lab that I started to build the InterPlanetary File System (IPFS) project and Filecoin, aiming to create a space for innovative projects.

I wanted to contribute to Bitcoin because I know how to build and scale software companies and corral capital to address succinct problems.

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