Because, I am an IT practitioner, and the technical threshold for this currency is very high. It cannot be made by a team of three-legged cats, and the Grayscale team studied it for several months before deciding to buy it. There are many other beneficial details, etc., and they are not here to make money. I will keep it and look back on it in three years. Everyone will wait and see.

Cognitive aspects. It is impossible for people to make more money than they know. In other words, people who believe that FIL will rise do so because FIL has indeed risen, and they have indeed made money. It is as simple as that.

Because of faith. The IPFS project has great potential to truly change the status quo of Internet storage. Huawei, Google, Tencent, etc. are currently laying out this track.

Because of the times. When Bitcoin was worth one penny, they said it was a scam, and when it was worth 100,000, they said it would collapse soon. But now, Bitcoin is worth 400,000. This era belongs to the era of blockchain, and following the times is the most appropriate choice.

In addition, let me tell you about myself. When FIL coins were 380, I entered the market and bought 20W. I made a profit. I started mining when I was 800, and now I mine 4 coins a day. It allowed me to achieve a leap forward. Why am I not optimistic about it?

The Filecoin project will have its growth value in the future, and its currency price will rise based on several factors.

First, Filecoin is not just a digital currency, it also has specific application scenarios. Looking at it now, it mainly promotes application scenarios. In the future, when all developers and application scenarios explode, FIL demanders will buy FIL.

Second, the current value of FIL is underestimated. Judging from the market view, it is about 900 million US dollars. It is not even ranked among the top five digital currencies, and its value is underestimated. A year later, its liquidity reached about 100 million. Assume that one year later, FIL's market value will enter the top five, and the currency price will be around 50 US dollars. According to the current trend, it is still possible to reach this price in three to six months.

Conservative valuation of FIL (Filecoin)

According to the token distribution mechanism during Filecoin financing, the total circulation is 2 billion, of which 70% (1.4 billion) is reserved for miners. The mining rule is that the block reward is halved every 6 years. In the first year, 440,000 coins were released every day, with an average of 158.4 million coins released in a year.

Then a world-recognized project like this will at least enter the top 10 of the world's digital currencies in terms of market value. Currently, the 10th place is Stellar Lumens, with a market value of 10 billion yuan, and 158.4 million coins will be issued next year. Then One piece is about 63.13 yuan.

FIL (Filecoin)’s imaginative valuation, then we might as well make a bold estimate of this market.

The global storage market in 2018 was US$400 billion. If divided by the 158.4 million coins issued next year, it would reach US$2525.25 per coin. Of course, it is impossible for IPFS to overthrow the HTTP of the traditional Internet as soon as it goes online. If calculated based on a 10% market share, it would be US$252.525 per coin.

If we think further, not all FIL issued will be circulated on the market. After all, good coins will be hoarded by knowledgeable people, so the general circulation to the market is 20% (1.584 0.2 billion pieces), then it is 1265.8 US dollars per piece, which is equal to 8860.6 RMB.

We can further imagine that with the arrival of 5G, human data storage demand will double exponentially. By 2025, the global storage market value will reach 23 trillion US dollars. By then, HTTP will have been eliminated, 23 Trillions are all distributed storage world. By then, among the many distributed storage projects, IPFS has the best chance of taking the lead. If IPFS has a market value of US$2 billion, one of the 950.4 million FILs issued by then will be worth close to US$20,000!

There is another detail, FIL will be halved in 2026! Looking at the history of BTC, every halving is followed by a bull market. In the 2012 halving, the BTC price increased from US$2 to 1,200 US dollars in the 2013 bull market; in the 2016 halving, the BTC price increased from 650 US dollars in the 2017 bull market. grew to $19,000. If you miss Bitcoin, you might as well grab Filecoin.

In fact, those who firmly believe that FIL will soar are all speculators in the currency circle. Almost all of these speculators know little or nothing about blockchain technology. They only know that IPFS technology is awesome, so they think that FIL It will definitely rise.

IPFS (distributed storage) source code is open. This technology is indeed revolutionary and has been widely used. Some leading domestic companies are also introducing IPFS technology, including Huawei.

What is FIL? In fact, it is a virtual currency reward for the hard disk that provides storage resources. This kind of reward actually has no actual value. It is just regarded as a token by many currency speculators, who give it a hype value.

Judging from the recent plummeting market situation of digital currencies, many people have understood the truth: digital currency is just a sickle, and many currency speculators are like leeks, and they can always be left to their own devices. Slaughter!

A certain country is harvesting global wealth through digital currencies such as Bitcoin and Ethereum. I hope all friends in the currency circle should wake up. There are risks in the currency circle, so be brave and cherish it!

Please leave a like if you agree, thank you!

I just wrote fil yesterday, but I didn’t expect it to become popular today. . . What a psychedelic market

As the leader of blockchain storage, the value of fil is self-evident. Some netizens still sent me messages saying that they haven’t talked about fil much recently. Since there is no new breakthrough, let’s talk about what happened before. Let’s briefly talk about its advantages and disadvantages

First, review the relationship between ipfs and filecoin

I don’t know how many people have read my article before. Let’s briefly review two sentences. Many people should Not sure. The relationship between Ipfs and fil. iPfs is a network underlying protocol, or rules, that stipulate how you save files, how to retrieve files, and how to slice files. This is not a blockchain

but fil is an incentive mechanism. It is a blockchain, which can be understood as the information trading market on ifps. Its function is to blockchainize the information on IPFS, which means to prove that you have stored the information, get rewards by storing and retrieving information, and put your stored related records on the blockchain

To simply understand, each node on ps stores data, while the blockchain stores hash values ??and various encrypted records.

To summarize briefly, ip fs is a distributed storage system. It is not a blockchain, fil is the incentive mechanism of ip fs, it is a blockchain.

Second, the advantages of fil

The advantages are obvious. There should be so many.

The first is scale. Currently, it is the leader in storage. And there are actually not many challengers.

For example, Brother Sun’s btt, as soon as I heard his name, I was a little scared. This man is too good and I don’t know about others. Anyway, I didn’t dare to do it.

Another example is bzz. In fact, this technology is quite good, and it solves the relationship between the amount of traffic and settlement on behalf of b. It could have created a new k-mining mechanism.

As a result, the economic model of the project was designed to be too rubbish and could not provide people with sustained income. There was no explosive block, only retrieval. It's like developing a taxi-hailing software, but it turns out there are no cars to take, no basic salary, and everyone just stares at it, leading to the current situation.

Another example is some storage on Polkadot. Let me just say, if I were asked to buy these, I would go to Polkadot or Casama. Or if you are more informed, you can quickly move in and out when he pledges.

In short, these things are not comparable to fil.

Second, there is a lot of technology integration.

Mr. Juan should specialize in storage. You see, they are the ones who made ipfs, directly upgrading the bit torrent protocol to the next era.

He also made a new breakthrough in fil's storage knowledge. For example, replication proof, space-time proof, a large number of parallel calculations, 11 layers of encryption and decryption, and data encapsulation at each stage. Storage ratio is used to replace computer computing power as a new knowledge mechanism. More environmentally friendly and friendly.

In terms of the bursting block mechanism, the random number algorithm is used for reference. Obtain a random number from the previous round of blocks, and determine a certain range of random numbers according to your proportion of computing power in the entire network. If the calculated random number is smaller than this range, you can get a reward, which is a bit similar to the POW calculation. Without knowing the details, you know that this method is to increase uncertainty. Because if everyone knows about the block-producing node, they will attack you

This approach originated from Algrand’s project, also called Aragon, algo, which makes the block-producing node more uncertainty, also called multiple rounds of secret elections. There are continuous block explosion rewards, and miners also have continuous income. This is where he is better than bzz.

Third, the economic model is relatively scientific.

What is an economic model? To put it bluntly, it means dividing money. The participants of a project include the project party, which is Big Beard himself, K workers, or storage servers, and investors, whether large Z funds or small retail investors, B holders.

Because filecoin has a grand vision. Therefore, he is very cautious about the incentive mechanism of tokens. This can be seen from the linear release, token distribution, key staking and destruction. A large number of tokens are locked in this network, greatly reducing the circulation. For details, please see my previous article.

The destruction mechanism is even more ruthless. Ethereum gave the money to the miners, and fil directly sent him to the irreversible address. Ethereum looked jealous, and later learned this trick, such as the London upgrade.

Third, Fil’s shortcomings.

First, there is too much reliance on blockchain performance.

I once said in my last article that the fil chain is very different from other chains. He has higher performance requirements for the blockchain, which is Tps, the number of transactions processed per second. Transactions per second.

The essence of fil is to convert the fragmented data on ipfs into a blockchain. Simply put, the data is stored on the node, and the hash value of the data is stored on the blockchain. Mentioned before.

The traditional blockchain only stores some transaction data, smart contract execution results, etc., while fil uses this chain to store the entire data on-chain tags.

In the process of continuously storing data, bandwidth and network resources will continue to be consumed. So the fil network was completely blocked a while ago. This is more troublesome, because this is only the first step in the chain. Later, it also has search functions and other functions.

I am thinking that if we encounter extreme situations, such as the network is too congested, it will be blocked directly. Will that directly punish you for pledge b? It’s really hard to say. The performance requirements for bandwidth and hardware are very high.

Fortunately, the project team has been doing something good. They have previously used multi-sector submission and bundling calculation results, which has alleviated network congestion to a certain extent, but it is not enough in the long run.

The second is that the vision is grand, but it is difficult to realize, and it will change over time, and it may become a wedding dress for others.

This is a double-edged sword, and fil is a long-term vision. It is a grand project, and many people simply understand it as storage on the Internet. It's not that simple.

Fil exists to bring ipfs to fruition and make more people willing to use ipfs. This is equivalent to completely changing the rules of the Internet. For example, the new Internet protocol you used to design in 2014 is a An open source project, the design goal is to achieve permanent storage of data, remove duplicate data on the network, and obtain the data address stored on nodes in the network.

It is an open source project. It is a hypermedia transmission protocol based on content addressing, versioning, and point-to-point. It allows participants in the network to store, request and transmit verifiable data to each other. A new generation communication protocol labeled Http.

Finally, let me say one more thing. The goal of IPFS is to create a more open, fast, and secure Internet. I personally think it has unlimited potential.

FIL was launched in October last year. Labs (Protocol Laboratory) was founded in May 2014. The Protocol Laboratory can be described as a gathering of elites. Currently, the core team consists of more than 76 talents. They come from world-renowned universities such as Stanford University, MIT, and Harvard, as well as from ZIZI Google, IBM , talents from global multinational technology giants such as Oracle.

IPFS investors can also be said to be particularly powerful, 1. Sequoia Capital 2. Winklevoss Brothers Fund 3. Funders Club, etc.

The relationship between IPFS and Filecoin

IPFS distributed storage underlying protocol

Filecoin is a decentralized storage system based on the IPFS network protocol

Filecoin adds a market mechanism to regulate the IPFS protocol. Storage book, while adding an incentive mechanism to ensure the stable operation of the system

How come so many devices can become multiple "mobile hard drives", just like Didi Taxi and Aiebnb, through the use of rewards, device* **Enjoy, bundled benefits, the more you contribute, the more rewards you will get!