hi, fellow FIL miners~
This is the IPFS information express. Those who want to join the filecoin technical exchange group and communicate with the bigwigs in the circle to understand FIL (+V:FIL101). Today I will share with you the "truth behind the filecoin smash"
After three years of waiting, the investors of Filecoin finally did not wait for Huangpao to add their wealth. Instead, they waited for a sharp sickle. After putting in a lot of time, energy, financial resources, and patience, the investors of Filecoin gained a lot of chicken feathers. Who is brandishing the sickle and who is pulling the hair madly? Today, I will take everyone to reason about the fiecoin's all-around. Is this a loss of morality or a distortion of human nature?
Filecoin's 2 billion tokens are allocated to four sectors. The first part of miners mining 70% accounted for 1.4 billion. The second part of the filecoin foundation accounted for 100 million. The third part of the protocol laboratory 15% accounted for 300 million. Four parts of investors accounted for 200 million 10%.
Then we use the block explorer https://filfox.info/zh to check the flow of these tokens.
First, let's look at the 70% tokens that miners account for. About 150,000 tokens are mined every day on the main network, and there are more than 1.092 billion tokens left, which is normal!
Around 150,000 dug out every day
100 million of the filecoin foundation is being unlocked and released in 6 years
The 300 million tokens in the wallet account of Protocol Lab have not been moved so far
The first three parts have not been moved, then only the 10% part of the last ICO is possible. There are 200 million pieces in total. However, the project party emphasized it in 2017. These 200 million tokens and 150 million were sold to investors, and the longest time it was released in three years, there are still 50 million tokens. The project team will keep it for the market. Why do they keep such a hand? The project party said it was used to counter the exchange or big capitalist's manipulation of the currency price after the mainnet went live, so the official 1.5 million currency is very likely to come from this place.
If based on the above data, there is no problem with this project, but a big problem happened. After the mainnet went live on October 15th, the price of fil rose from 10u to 430u. At 11 o’clock in the evening, it was inexplicably smashed to 50u. Immediately after Huobi launched fil, leeks began to influx frantically and pushed the price to 220u. Normally speaking, fil tokens are extremely scarce at this time, and there is no large-scale quantity. For smashing, the price of the currency should gradually rise, but from the 15th to the 22nd today, the fil token dives down one step a day, and the current price has reached 26u.
Almost every day, the various voice windows are full of doubts about the project side. He even began to greet Juan’s family. At the same time, some miners joined forces with the project team to demonstrate or even strike. The gongs and drums were loud and the firecrackers rang, and the market that was just about to hibernate suddenly began to bustle again, in a mess. There is only one truth in China, is it really the project team doing evil?
So after seeing these news and remarks, we should think about a problem. If Juan’s target is Berners Lee, they have solved or are solving the major problems of an era at the technical level. But on the spiritual level, they are not far apart. Is it necessary for a person who already has a very high honor to do this kind of activity for the little profit in front of him? So the cost of doing evil is too high, the probability of generating this motive is extremely low, and it is logically difficult to make sense. Then who is releasing smoke bombs and who is profiting from chaos? Whoever is the biggest beneficiary is the most suspicious.
After analyzing all the stakeholders, I found that the biggest beneficiaries are not the big investors, the people who participated in the ICO, nor the mining machine manufacturers, but the interest groups who want Filecoin to fork. There are two groups of people who promote the fork. The first group is mining machine manufacturers. They are not satisfied with the current pledge mechanism, so they hope to unite several powerful manufacturers.
This way they have enough computing power to compete with the official, and then fork, they copied the project code, modified the token distribution mechanism, but this is undoubtedly a short-sighted approach, although this can be redesigned according to their own will rule. At the same time, the user’s anger towards himself can be thrown away to the project official, but who will be responsible for the subsequent technical updates and maintenance? Who will do the currency value management, and these miners are currently allied for the difficulties in front of them, who can convince whom after gaining interest! Then there will be new problems. Is it resolved by further forks? Retail investors are the last to pay.
The second wave of people are some big investors with strength and resources. They want to fork because these people have neither coins nor mining machines, and the ICO did not catch up, but now they want to divide the cake. It's easy to do! Integrate some mining machine manufacturers who are dissatisfied with the project party. As long as a certain amount of computing power is reached, the fork can be carried out. At that time, another fork coin will be issued and 10% will be left in your own hands. The remaining 90% will be split out for mining. Right! After the money is made, the miners' money will be returned in full, and the retail money will be divided into three to seven. Everyone ate the hot pot and chatted together, a piece of money from scattered households, and it was the retail investors who paid the bill in the end.
At present, I don’t want to go back and buy the tokens of filecoin. In a few minutes on the 15th, I made a wave of speculation. I bought 50u and sold 200u. Although it was quadrupled, I still made a false alarm. In time, I guess it will become a leek stuffing.
The current price of fil is around US$26. According to the total issuance of 2 billion, the current market value is US$52 billion, and the market value ranks fifth. If calculated according to the circulation of 15 million pieces, there are currently 450 million US dollars of fil circulating in the market, because its release speed is not slow, even if the price does not rise, its total ranking will soon reach the top 50 or even before 30. Investment risks are still not small. Therefore, it is recommended that all retail investors be cautious, observe patiently, and wait for the opportunity.
I devoted a lot of time to researching filecoin before I dared to buy it decisively at the price of 50 US dollars when I went on the exchange. I did not hesitate to sell when I was 200 US dollars. In fact, after making a profit, I have already planned to stop the loss at the cost price. It may seem easy to make money in this market, but in fact, it's not easy to talk about it if you didn't work hard before. When you have enough knowledge, you only need to wait patiently for an opportunity to profit from it.
The era significance and application prospects of ipfs are still vast, but the future of digital currency is by no means hype. The trading market is just a place for speculation and profit. Don't put all your funds in it at will. No digital currency on the current exchange can be used as a world currency. BTC can't, ETH can't, and filecoin is even more impossible. Their value lies in the underlying applications, and they can at most serve as value equity derived from the development of this project. The real global currency is universal and can be used by ordinary people, like the World Wide Web, which is freely dedicated to the world. Rather than buying today but not finding the same value tomorrow. Digital currency exchanges are more like casinos. Like Macau and Las Vegas, they can be legal in their special field. You only need to pay taxes in the area without damaging national security. I hope gamblers will come. Because any country will not encourage national currency speculation and stock gambling.
I hope everyone keeps a cool head in the currency circle and uses spare money to make a big gain without affecting your life. You can also feel the excitement of this world. Even many good projects do not necessarily require money. When you make up your mind to invest, give yourself a basis for investment, rather than speculation. The opportunity is always there to study and research with your heart. No matter how you enter this blockchain world, one day you will be grateful for this experience.
(This article represents personal views, not enough to be investment advice)