After three years, Filecoin mainnet is officially launched | Hot questions and answers of the week

Produced by Gyro Finance

At 10:44 pm on October 15, the Filecoin block height reached 148888, and the mainnet was officially launched. After three years, Filecoin, which was ridiculed as the "pigeon king", was finally launched. However, people who were immersed in the fantasy of "getting rich quickly" were hit hard every two days. On the evening of October 17, the five leading miners of the Xianhe system collectively stopped production for demonstration. On the other hand, Lai Chuhang, the initiator of the IPFS Chinese community and chairman of Spacetime Cloud Technology, posted a message on WeChat Moments complaining about the mortgage mechanism. For a time, the situation was tense. Fortunately, the official immediately stated that it would pass the FIP-0004 proposal to change the existing token release rules and reduce the initial investment in mining. The effect of the new proposal remains to be seen.

Last week, OKEx’s announcement of suspending withdrawals caused a stir in the industry, and withdrawals have not been resumed as of press time. In addition, Shenzhen distributed 10 million digital RMB red envelopes last week, which is a big benefit for Shenzhen people.

The above are the hot topics of last week’s Gyro Q&A. Please see below for more details.

Why did the authorities choose block 148888 as the symbol for the launch of the mainnet? (Tuogoi user @ ID 9527)

Big answerer: Scarlet

The reason why 148888 was chosen is said to be proposed by a member of the Filecoin economic model team, who is of Chinese descent and has a natural liking for the number 8, so he chose such an auspicious number. In addition, the IPFS project has attracted much attention, and the launch time this year has taken advantage of the right time, location and people.

How will FIL perform after the launch of the Filecoin mainnet? Is it optimistic in the long run? (Tuotuo user @放假optimistic)

Big answerer: Mr. Camel has something to say

This requires an official solution. Currently, there are many complaints and negativity in the community, such as issues related to pre-mortgage, private placement release of selling pressure, conflicts between mining machine investors and mining farms, etc. If these problems are not resolved, a project may fail.

OKEx stops withdrawing coins, how should we avoid such risks? (Tuogai user @群撞危机)

Big answerer: Mr. Camel has something to say

Diversify your assets and don’t put all your eggs in one basket. Regardless of whether it’s an exchange or a wallet, I contact each investor to allocate their funds in a diversified manner. This is how I do it. I use 4 wallets at the same time and 5 exchanges at the same time. If any one of them has a problem, it won’t be the end of the game.

Is CBDC not a cryptocurrency as understood by the industry? (Gyro user @监测着你)

Big answerer: zhuyp

CBDC is a digital legal tender, and my country's DCEP belongs to CBDC. However, CBDC is not a cryptocurrency as understood in the industry.

Many currencies plummeted by 90%. Is DeFi coming to an end or a new starting point? (Tuogai user @五吃不吃)

Big name answerer: Tong Chun from Blockchain Ventures

For those of us who have experienced the 2013 bear market, DeFi is just the beginning, not the end. Your question is like asking three years ago whether the 90% crash in 1CO was the end.

In fact, they are the end point of junk projects. Those who are doing it are still doing it, and they have survived for 3 years. Whether it is ICO or DeFi, these are new financing methods for the cryptocurrency circle, and they are beneficial and meaningful to the cryptocurrency circle.

There will be more innovative financing methods in the cryptocurrency circle in the future. We should look at them rationally and participate cautiously.

Will Bitcoin develop into an independent asset class different from digital currency in the future? (Tuogoi user @如雨7)

Big answerer: zhuyp

Bitcoin is a digital currency. Whether it is different from other digital currencies depends on the degree to which you look at the problem. In fact, any digital currency will be different from other digital currencies. Bitcoin may be different from other digital currencies in several ways:

1. Bitcoin is a new product with a flagship significance, and no other digital currency can replace it;

2. The number of bitcoins is fixed at 21 million, with no possibility of additional issuance. The price will continue to rise, and eventually no one will be willing to buy it. It will become a commemorative digital currency or currency anchor.

What opportunities and challenges will there be when Ethereum 2.0 migrates? (Tuotuo user @endd)

Big answerer: Mr. Camel has something to say

DeFi has died down, and investors are slowly becoming more rational; Polkadot is also not as popular as before; the current market lacks enthusiasm. Ethereum 2.0 can be considered a good hype point - having a hype point is an opportunity for the market. Challenges also exist. If there are problems with the migration and it fails to meet expectations, it will probably be a big blow to the community and investors, and the price of the currency will naturally fluctuate greatly.

Will there be a shortage of supply after Filecoin goes online? (Tuogai user @阿胶)

Big answerer: Skinny Goose.

This situation is unlikely to occur in the short term, and some people in the community even shouted "fork", and the consensus was scattered, which is also a problem that Filecoin has to face. Therefore, it is highly likely that the FIL price will rise and then fall quickly, followed by a long period of consolidation.

What positive impact does Shenzhen's digital RMB red envelope have on the entire blockchain field? (Tuotuo user @初见端辨)

Big answerer: zhuyp

It is good for boosting the blockchain boom; it is good for the public to understand the digital RMB DCEP; it is good for the application scenarios of sending red envelopes; it is good for accelerating the promotion of the digital RMB!