The Utility Token Puzzle
I've written about IPFS twice: in 2017 and 2019. If I were sticking to a biyearly schedule, this would be my time to try it again. After all, one of the key pieces of Protocol Labs infrastructure, Filecoin, launched late last year. The tokens that run Filecoin are now worth billions of dollars.
I looked at the state of Filecoin from the perspective of using it, and I'm sure there's a funny post to be written about someone actually trying to do that - use it - maybe with a five-hour YouTube walkthrough. But I have a deeper question.
How is any of this supposed to work?
I imagine that Filecoin, and other "utility token" systems, work like this: