from Hacker News

Filecoin ICO raises $200M in 60 minutes

by pfista on 8/10/17, 9:09 PM with 9 comments

  • by badestrand on 8/10/17, 10:12 PM

    Amazing, although I am not sure I understand their business model correctly. So they are a middle man for digital storage rental and those transactions are done in Filecoins that only they can mine and distribute? So that company has >$200M in cash now or who gets that money? And the investors are in because they saw the surge of Bitcoin (and now of Filecoin)?
  • by Canada on 8/10/17, 10:09 PM

    How will these storage coins stop cheaters? Why can't I claim that I will store your data and just not do it?
  • by thebiglebrewski on 8/10/17, 11:11 PM

    Who is putting up this kind of cash?!