What is the value FileCoin is providing in this scenario though? I feel like there's a bait and switch here: proposition 1 is: FileCoin lubricates storage provider transactions by providing proof of storage, such that you can easily transact with a gigantic marketplace of vendors.
But then that's affected heavily by: to ensure storage is secure and redundant, you'll need to research extensively which providers you contract with based on reputation.
Which pretty much completely undermines proposition 1: I could just transact with providers who act as registered business entities in countries who's legal systems I trust, using regular currency directly. Because that stance in the marketplace is a shortcut for "is a geographically distributed operation that can be held legally accountable for their behavior", and have a history of success backed in the regular market place.
But then that's affected heavily by: to ensure storage is secure and redundant, you'll need to research extensively which providers you contract with based on reputation.
Which pretty much completely undermines proposition 1: I could just transact with providers who act as registered business entities in countries who's legal systems I trust, using regular currency directly. Because that stance in the marketplace is a shortcut for "is a geographically distributed operation that can be held legally accountable for their behavior", and have a history of success backed in the regular market place.