Filecoin is a token with fundamental value. Filecoin is like Bitcoin, but miners amass hard drives instead of hashing computers.

The purpose of the Filecoin currency is to create a fungible token that can be spent to hire the miner network to store files. The first and foremost use of the currency is precisely this: locking it up as a reward to miners who successfully store data on the network.

Filecoin is a decentralized storage market - think of it like Airbnb for cloud storage - where anybody with extra hard drive space can sell it on the network.

I favor pocket-sized hard drives that travel between home and office, syncing with computers on both ends.

Don't try to be like Jackie. There is only one Jackie. Study computers instead.

This had never been done before. He had no precedence. He was working with hard rock miners.