• The Story of Filecoin and a Community Driving Change

  • Oct 15 2024
  • Length: 47 mins
  • Podcast

The Story of Filecoin and a Community Driving Change

  • Summary

  • Introduction:Lukas is a leader in the builders program for IPFS and Filecoin.Learn about Protocol, Filecoin, and IPFS, and how they contribute to Web3 technologies.Lukas's Background:Lukas briefly shares his current role leading the builders program for IPFS and Filecoin.Highlights the open-source nature of IPFS and Filecoin, both initially developed by Protocol Labs.Mention of Lukas's conventional business career at the Boston Consulting Group (BCG) and BCG Digital Ventures.Insight into Lukas's previous work incubating businesses for corporations and his toolkit for building businesses.Transition to Web3:Lukas explains his transition from Web2 to Web3, fueled by a desire for innovative business models beyond traditional ones.Discussion on the limitations of Web2 data models and the need for collective ownership and monetization in Web3.Lukas's interest in data ownership and the potential of Web3 to enable collective monetization of datasets.Antimicrobial Resistance Project:Lukas shares his experience working on a project addressing antimicrobial resistance, emphasizing the challenges of monetizing such data.The role of Web3 in solving collective data ownership and monetization challenges.Lukas reflects on his entry into the crypto space, initially driven by curiosity and later inspired by the potential of Web3.BCG's Exploration of Blockchain:Discussion on Lukas's experience at BCG, where blockchain was explored as a buzzword, but with varying success.Lukas's observation that BCG did not deeply dive into Web3 at the time due to the novelty and challenges of shifting business models.Protocol Labs and Filecoin Journey:Overview of Protocol Labs as an open-source research and development lab dedicated to improving the internet.Introduction to Filecoin as the world's largest decentralized storage network, with 18 million terabytes of capacity.Lukas outlines Filecoin's mainnet launch in October 2020 and its ongoing development, with more than 4,000 storage providers.Filecoin Initiatives:Lukas mentions upcoming Filecoin initiatives, including the development of Filecoin Virtual Machine, retrieval markets, and Filecoin Green.Emphasis on Filecoin Green's goal to provide verifiable proof of sustainable energy usage in storage.IPFS:Explanation of IPFS as a P2P version of HTTP, addressing content by what it is rather than where it is.Analogy of referencing a book by its title instead of specifying its location.Discussion on IPFS providing an immutable and eternal reference to a piece of content.Combining IPFS and Filecoin:Explanation of how IPFS and Filecoin work together, with IPFS providing an eternal reference and Filecoin ensuring verifiable storage.Lukas highlights the flexibility of using IPFS with various decentralized storage solutions and the modularity it offers.Encouragement for NFT owners to use IPFS to address content and consider spreading storage across multiple solutions.Founders and Innovation Process:IPFS (InterPlanetary File System) was founded in 2014 by Juan Benet, a computer scientist with an interest in securing academic papers and ensuring their immutability.The initial motivation for IPFS was to address the problem of securing academic papers, preventing tampering with results, and ensuring the integrity of research.The innovation process involved a small team at the beginning, with a focus on first principles and addressing fundamental flaws in the centralized internet model.The team at Protocol Labs, where IPFS was developed, engaged in extensive research and development to solve complex problems in cryptography and distributed systems.Over time, the project evolved into Web3, challenging the traditional internet model by adopting a content-addressed approach instead of location-based addressing.Evolution and Community Involvement:The IPFS community has grown significantly, with thousands of contributors collectively maintaining and developing the project.The beauty of open source is highlighted, emphasizing the collaborative efforts of a diverse community rather than relying on a small group of individuals.The decentralized nature of the community aligns with the principles of Web3, promoting trustless interactions and knowledge distribution across the network.Role of IPFS in Web3:IPFS is characterized as a Web3 technology that breaks free from a centralized internet model, promoting decentralization and trustless interactions.The shift from location-based addressing to content addressing is identified as a fundamental change that addresses issues related to data gatekeeping and monetization.The development of Filecoin (FCO network) is explained as an extension of IPFS, addressing challenges related to pinning and trustlessness.Community Building and Education:The interviewee's role is to build a community and onboard developers for IPFS-related products.The challenge lies in making complex technologies accessible and exciting for a broader audience.The strategy involves finding use ...
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