Do you think that a surge in FIL can solve the problem?

Seeing that the recent upward momentum of Filecoin has driven the FOMO sentiment of many users, some retail investors even have the feeling of breaking their thighs. As of the time of publication, the FIL of up to $216 has increased by 608% in this month, which has increased retail investors’ interest in Filecoin Confidence.

Those who are familiar with me know that I am opposed to the Filecoin project. The reason is simple. Filecoin must choose IPFS, and IPFS does not necessarily choose Filecoin. Although they all come from the protocol laboratory, one of them is a concept. , One is a project, not comparable.

The vision of IPFS is good, and a new solution is proposed for the existing storage system. Distributed storage can solve the problem of large-scale downtime that occurs when a server is abnormal. Even large manufacturers cannot avoid this problem. , I will list a few large-scale downtime events for you:

1. On June 2, 2019, a severe network interruption occurred on Google Cloud Platform, which affected the hosting services in the western United States, eastern United States, and central United States.

2. On July 4, 2019, users connected to Apple's website and some of its services (such as Apple Pay) experienced severe packet loss for more than 90 minutes. This problem caused many users to be unable to successfully connect to Apple.

3. On May 13, 2020, the Tesla mobile app was down, which caused the mobile phone to be unable to connect to the car, and the account could not be logged in.

There are many incidents of this kind, and we have deeply realized the necessity of multi-party coordination. Now that we are fully centralized and controlled, if we can multi-point management and control, we can resist many attacks and effectively solve the current waste of storage space.

IPFS technology is absolutely innovative to the world, but Filecoin is not. It is just a token. If an enterprise is using IPFS technology, it would also consider the price of FIL, which would be too absurd.

The Brave browser that I often use is one of the IPFS application scenarios. When entering IPFS in the address bar, Brave will issue a prompt asking if you are willing to use a public IPFS gateway to resolve, who to trust, and whether to run peer-to-peer software on the computer. It will be up to the user to decide whether to run his own node, or the integrity Authentication is delegated to a trusted gateway.

This is the real benefit brought by IPFS. It is not to buy a mining machine to mine every day. This is called IPFS. Tokens are just an incentive tool, which does not mean that it is inseparable from technology.

Let's start with Filecoin's economic model. Everyone knows that Filecoin mining requires pre-staking, but the amount released in the early stage is very small. How to get more FIL tokens to pledge? The answer is to buy mining machines for mining and continue to buy FIL in the secondary market. This is actually very interesting. Spending money on mining machines and FIL will eventually produce FIL, and it will be released linearly. What are the benefits?

The answer is that the price of FIL tokens has risen. As it is now, some retail investors are very happy to make money due to the rise in prices, but for those who participated in FIL in the early days, their mood will definitely not be like this.

The economic model is divided into two parts:

1. Miners. 75% of the block rewards earned by miners will be linearly unlocked within 180 days, and 25% of the rewards will be immediately provided to miners.
2. Early investors (SAFT). The FIL received by all SAFT holders is subject to the 6-month, 1-year, 2-year, and 3-year linear lock-in clauses, starting from the start of the network. Most purchased SAFT tokens will be unlocked linearly within 3 years.

April 15th is the first wave of unlocking, and at the same time the block output is halved. This is certainly not good for miners. It is important to know that any digital currency that needs to purchase mining machines is a long-term behavior, and when the interests of miners are damaged, short-term What is the use of rising currency prices?

How will these so-called "long-term believers" feel when the currency price drops or the market sells off in large quantities? And it's just a game hyped by Chinese people. Will companies that really use IPFS technology consider the incentive layer?

Therefore, IPFS is the development trend of the times, and Filecoin is just one of many incentive layers, and it is not necessary.