Respond the following questions in 200-250 words:
- What is Filecoin’s business model?
- Who is Filecoin competing with?
- What are Filecoin’s competitive advantages over existing players?
- How different or similar is Filecoin compared to Bitcoin?
- What are the roles of various actors or stakeholders in the Filecoin network? Prospective actors are:
- CoinList
- Protocol Labs
- Filecoin Foundation
- ICO Investors
- Miners
- Partners
- Clients
- Regulator or government
Important Note: Use the case as your absolute main resource, along with supplemental materials if provided. Your answers should be primarily based on the case. Quote the case precisely to demonstrate thorough reading and analysis. Be specific by referencing the page and section. This ensures you read the case carefully rather than relying on external information. Do not list the case or the supplemental material itself as a reference, as it will trigger the plagiarism tool. You can use external resources and reference them at the end, but your arguments should not be structured around them to stay on subject.
Example of Proper Quoting: If answering question 1, you should reference specific sections of the case like this: “According to the section on Filecoin’s technology, the main friction addressed is [specific detail].”