Memo is essentially an Internet project that applies some blockchain technology, or it can be called an Internet project wrapped in a layer of blockchain skin.
At first, we benchmarked against Filcoin, but later found that Filcoin also had problems. The distributed storage solution was not perfect, or the R&D capabilities of our team could not compete with the IPFS team, so we gave up the pure blockchain route and changed to off-chain (Internet) Data storage + index storage on the chain (blockchain) are mixed into a so-called decentralized storage system. I believe that the Memo project itself does not have the confidence to call itself Web3, so its official version is launched Megrez, known as version 2.5 , which also corresponds to the project team’s true judgment of its own project.
Objectively speaking, Memo is a Web 2.5 project. There is no right or wrong solution, nor is it good or bad. The key is whether the user approves it or not, and whether he or she pays for it.
But Web3 fans can't hide their disappointment. The Internet project means that Memo's genes are centralized. The project side can regulate some parameters or even change functions to achieve its own goals. The entire system lacks a natural trust mechanism. Blockchain thinking Yes, automatic, self-consistent, and self-organized intelligence cannot be carried out in the Memo system. Marketing requires huge marketing costs. The logic of mining (the underlying logic of an intelligent society) does not work in the Memo product because of its underlying Logic is Internet thinking. The marketing of Internet projects requires money.
In fact, the first batch of communities that rushed into Memo were heading for the Chinese version of IPFS. They firmly believed that MEMO is a pure blockchain Web3 thinking. Many people who have been preaching and working for three years cannot accept a decentralized Memo. I don’t know when it will happen in the future. The project party committed moral hazard. It's like the sword of Damocles doesn't know when it will fall, and I feel uneasy inside. This means that the rapid development of the project is restricted.
Web3 fans are not willing to come in, but as a project with Internet characteristics, it is okay to use it for free (gathering wool), and the pure Web3 world does not look down on MEMO, you have not evolved into an adult yet! This is also the fundamental reason why the Memo Chinese community has been unable to push Memo into the mainstream world of Web3 no matter how hard it works in recent years.
As a Web2 project, the Memo project team lacks basic capital operation capabilities, which is a shortcoming.
It is understood that the Memo project team still hopes to rely on Web3, but the Web3 world does not believe in human nature and only believes in smart contracts. This is the reason why it is difficult for the Memo project team to gain market trust. The Memo team has not yet dared to publish the detailed rules of its token economics. It only talks about Proof of Storage in general. The reason is probably because it has no confidence in market testing.
There are two paths to Memo's success. One is to link resources for storage layer service support, and the other is to use information gaps to create consensus through smart tax collection.
A third way without Web3 consensus!
Behind many unreasonable appearances, there must be a reasonable explanation! The current situation of Memo is due to the above.