The main criticisms of FIL (Filecoin) are as follows:
Market expectations were not met
- When it was first launched, its distributed storage concept was hyped, and expectations were very high, as people thought it would disrupt the traditional storage industry. However, in the actual implementation process, the expansion of application scenarios and ecological development did not progress as quickly as expected, and it did not achieve the high returns and rapid development anticipated by some investors.
The mining mechanism is complex and there are cost issues
- FIL mining involves complex mechanisms such as storage proof and time-space proof, and many participants in the early stages invested heavily in purchasing mining machines and storage devices. However, as the market changes, mining returns decrease, making it difficult for these investors to recover their initial costs, leading to complaints.
FIL has not 'failed'; it still has certain potential:
- Technological advantages: Its distributed storage technology itself is valuable and has long-term significance for building a decentralized, more secure, and efficient storage network. Areas with high data privacy and security requirements, such as medical data storage and sensitive corporate data storage, may gradually adopt FIL's technology.
- The ecosystem is gradually improving: the project team is continuously enhancing the ecosystem, encouraging more developers to build applications based on FIL. As the ecosystem becomes richer, the value of FIL may gradually be realized.
It is difficult to predict whether it can return to 200U. Its price is influenced by many factors, including the overall environment of the global cryptocurrency market, the speed of the expansion of application scenarios, the status of competitors, and policy factors. If FIL has significant breakthroughs in technical applications and ecological expansion, and market sentiment rises again, its price may increase, but accurately predicting a return to 200U is very challenging. Moreover, the cryptocurrency market itself is highly risky and uncertain.