Why are so many people criticizing FIL? Is it really useless? Can it return to 200U?

FIL (Filecoin) is criticized mainly for the following reasons:

Market expectations not met

- When it was first launched, its distributed storage concept was hyped up, and expectations were high, leading people to believe it would revolutionize the traditional storage industry. However, in the actual implementation process, the expansion of application scenarios and ecological development did not progress as quickly, failing to meet the high returns and rapid development expected by some investors.

Mining mechanism is complex and cost issues

- FIL mining involves complex mechanisms such as proof of storage and proof of spacetime, and many people invested heavily in mining rigs and storage devices during the initial phase, incurring high costs. However, as market conditions change, mining yields decrease, and the initial investments become difficult to recover, these investors may express dissatisfaction.

FIL is not 'useless'; it still has certain potential:

- Technological advantages: Its distributed storage technology is inherently valuable, having long-term significance for building a decentralized, more secure, and efficient storage network. Fields that require high data privacy and security, 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 continually enhancing the ecosystem, encouraging more developers to build applications based on FIL, and as the ecosystem becomes richer, the value of FIL may gradually become apparent.

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 application scenario expansion, the situation of competitors, and policy factors. If FIL has significant breakthroughs in technological applications and ecological expansion, and market sentiment rises again, its price may increase, but accurately predicting a return to 200U is challenging. Moreover, the cryptocurrency market itself is highly risky and uncertain.