Protocols need to strike a balance between moving fast vs transparency & community input.
Filecoin is opening their project repos after the private sprint. Excited to catch up on progress.
I think using the word competition or competitor does not apply in such an early stage. Two projects are no more competitors than two fishing boats going fishing in an abundant sea. We are collaborators working on the same goal of empowerment and information freedom. This is why open source is so important, let's share ideas to get to where we want to go. There will be thousands of niche markets, performance profiles, application interfaces so we need to work together to make great products for people.
are you shitting me? lmao. It literally says on their github that it's NOT ready for use yet, and should run on *most* linux/macOS systems but nothing for windows yet. This project is literally infant codebase. Sia is quite literally orders of magnitude more mature then this.
I don't think they had any code to show.
They [raised a record-breaking $257M in their ICO](https://www.coindesk.com/257-million-filecoin-breaks-time-record-ico-funding), but that was just based on their series of whitepapers (helped in large part by the ICO-mania of late 2017).
If you look at their [main repo](https://github.com/filecoin-project/go-filecoin), [their first commit](https://github.com/filecoin-project/go-filecoin/commit/b459c34ee2542e9bf4ec9875185f16e2aec33611) was 2017-12-05 and they [didn't really get going until Feb. 2018](https://github.com/filecoin-project/go-filecoin/graphs/code-frequency).
It also raised a lot due to pure greed: https://tokeneconomy.co/the-analysis-filecoin-doesnt-want-you-to-read-e60d5243f17c
It was $205 million, $257 is the often misreported number because they did it in two stages. They way they reported it, the first stage brought the total to $52 million and the second stage brought the total to $205 million. But they weren't so clear with the language so a lot of people thought to add the numbers together.
I was reading their newsletter and the entire presentation laidout for me to read and explore was incredibly impressive. I have no idea what half of it meant but I feel that fc has their shit together and means business. It worries me a bit for my beloved Sia.
I gotta say that Filecoin does not have their shit together. At the decentralized web convention one of their members tried to showcase what they have done so far. And it was a simulation trying to run on command line, which didn't work and the presenter blamed it on that the rest of the team members weren't there. Also did you see the list of engineers they are trying to hire? It is huge! They obviously bit off more than they can chew with that hefty ICO they did, and now struggling to deliver.
Reminds me of justin sun and the whole tron shenanigans just throwing money left and right to try and make something. Turns out exorbitant amounts of money doesn't mean shit if you really didn't have a clear vision and a determined, well capable team at the helm.
The mainnet launch has been pushed to Q3/Q4 of 2019. https://filecoin.io/blog/update-2018-q3-q4/
With all the respect, but I highly doubt the #1751 ranked coin has any future, if we are going to compare it with Sia. Open their price data history on the chart, and think twice.
Sia has been around since 2015, never been overhyped or price engineered. There are only handful of projects with organic price growth, and a working product.
Filecoin has yet to solve most of the major issues that we pointed out in their whitepaper. For example, snarks that are fast enough to do practical storage. They don't have a secure solution to proof of replication yet either, they don't know how to deal with the SEALSTACK attack.
The material they put out has a lot of good spin on it, but from a research and theoretical perspective they still have a lot of difficult open questions, and their whole platform seems entirely dependent on getting those questions answered.
[This comment](https://old.reddit.com/r/filecoin/comments/ahn86p/how_to_use_filecoin_with_ipfs_is_it_mandatory_to/eeg4n3c/) appears to disagree with you.
> Filecoin (as described in its whitepaper), is the only proposed solution that solves all the major problems of trustless distributed file storage
That comment is incorrect. I'm not sure the commenter is aware of Sia, and I'm not sure they are aware of all the \[open problems\]([https://github.com/filecoin-project/research/blob/master/open-problems.md](https://github.com/filecoin-project/research/blob/master/open-problems.md)) that even Filecoin openly admits to having.
Thanks for the reply. I'm pleased to hear that you are still confident in Sia over FC from a technical/dev standpoint. Taking a step back on that update it does seem like an spew of information that means to look insanely impressive.
> Filecoin is a decentralized storage network that turns the world’s unused storage into an algorithmic market, creating a permanent, decentralized future for the web. Miners earn the native protocol token (also called “filecoin”) by providing data storage and/or retrieval. Clients pay miners to store or distribute data and to retrieve it.
Filecoin is a project of Protocol Labs which also created the DAG based hypermedia protocol IPFS.
This project (I mean IPFS) startet with a very interesting goal. Now it seems they have totally derailed and went the blockchain based virtual currency way. So sad. Instead they should have invested their energy into better integrating IPFS eg. into browsers.