When I was young and naive I started learning about "Crypto" through the "courses" provided by Coinbase where they basically market tokens and pay you in those tokens for watching an advertisement on different Crypto projects.
One of the projects that jumped out at me at the time was Filecoin. A "Decentralized Storage Network" where file storage was a marketplace and the currency used for the exchange of storage services was Filecoin.
In 2021, the project peaked to a market cap of over $12 Billion and currently resides still at around $3.3 Billion.
Filecoin has to worry about token governance and security. They need to worry about the SEC and if they'll be perceived as an "Unregistered Security" or if they'll be delisted on exchanges. Filecoin users need to worry about supply dilution, VC investor flight, company execution risk, and if the project will still be around in 10 years.
But hey, they have a pretty website.
Because nostr:nprofile1qythwumn8ghj76twvfhhstnp0faxzmt09ehx2ap0qy88wumn8ghj7mn0wvhxcmmv9uq3uamnwvaz7tmwdaehgu3dwp6kytnhv4kxcmmjv3jhytnwv46z7qg7waehxw309ahx7um5wghxkmmwd9hxwttyv4nhyctpvchxump0qyw8wumn8ghj7mn0wd68ytnsdae8getddahx2un09e3k7mf0qyghwumn8ghj7mn0wd68ytnhd9hx2tcprfmhxue69uhhq7tjv9kkjepwve5kzar2v9nzucm0d5hsz9thwden5te0wfjkccte9ejxzmt4wvhxjme0qqsxlvnxqykrqzps8e22u4g5pdrf2l5e0qycgqwa5d85mys6yadl3wcrp6mt9 and nostr:nprofile1qy88wumn8ghj7mn0wvhxcmmv9uq3qamnwvaz7tmwdaehgu3wd4hk6tcpz9mhxue69uhkummnw3ezuamfdejj7qgjwaehxw309ahx7um5wf6k2tnrdakj7qg6waehxw309ac8junpd45kgtnxd9shg6npvchxxmmd9uq32amnwvaz7tmjv4kxz7fwv3sk6atn9e5k7tcpr3mhxue69uhhxct5v4kxc6t5v5hxs7njvscngwfwvdhk6tcqyqnxs90qeyssm73jf3kt5dtnk997ujw6ggy6j3t0jjzw2yrv6sy22c807ey build on Nostr and Bitcoin, they don't have to worry about any of that. They can just keep building.
Video for those who may have trouble viewing it the quoted event:
https://video.nostr.build/0408997c6089ca2d957a38abbe24e515cf9b81542eea64c6526312e7dd5333bd.mp4
This was my motivation for creating blossom. Back in the day I started on coinbase and was looking for any crypto that seemed to have promise. I ended up on filecoin and by extension IPFS
But unfortunately IPFS was over engineered and failed, and what little did work was killed by filecoin. But at least it showed us the way not to go
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