Filecoin has set off a fork trend, and the fork project will be launched as early as September 19

On the afternoon of the 18th, at the World Mining Conference-Xiamen hosted by Lianwen and Winkrypto, Han Weiping, chairman of MIX Group, said that Filecoin would be forked. At noon on the 18th, Han Weiping also confirmed the news to Wu Blockchain. On the morning of the 18th, an anonymous team also announced the fork. Multiple mining machine manufacturers confirmed that more teams will announce the fork in the future. Du Jun, founder of Node Capital, a major supporter of Filecoin, said he would support the fork. The official attitude on this is still unclear.

Han Weiping said that we are the most important fork team. In 2015, Wu Jihan talked to me about forking BTC, but at that time I felt that the reasons for the fork were not sufficient. However, now the reasons for forking Filecoin are very sufficient.

Han Weiping said that first, a large number of Intel machines cannot enter the Filecoin system, but in fact it is easy to improve; second, the sealing process is very complicated; third, the TPS efficiency is relatively low; fourth, the pre-mortgage is too high, which is beneficial to early investors and not conducive to miners; fifth, only the official can define valid data; sixth, Filecoin developers do not pay attention to the voice of the community, and miners’ tens of billions of assets have nowhere to go; seventh, only 70% of the coins are generated by mining, and the early advantages are too obvious.

To solve this problem, Han Weiping proposed to unite the community's strength and finally realize the IPFS ideal to solve the above problems. The public beta will start on the 19th, which is tomorrow, and mining will be possible. The main network will be launched in October.

At the World Mining Conference-Xiamen, Andy, the co-founder of 1475, said that 5-6 fork teams have contacted them. He said he looked forward to it and hoped to use it to put pressure on Filecoin officials to change the model. However, Fan Yifan, CMO of Crypto Matrix, disagreed. He said it would be best to gather on one chain without destroying consensus and making a network strong. Most of the previous forked coins were also poorly done.

Han Weiping is an early investor in the cryptocurrency circle, and has invested in many fields, including mining, OTC, wallets, IPFS, DeFi, etc.

The reason for the Filecoin fork is similar to the BCH fork, that is, the miners are very dissatisfied with the developers. The Filecoin economic model is extremely unreasonable in the eyes of miners, especially for large miners. The signal released seems to be that "miners should take over the private placement of that year."

According to the most stringent mining model released by Filecoin, 80% of mining machine manufacturers may be eliminated. What should we do if we buy cloud computing power? (POC Series 5), the official white paper released in early September proposed an extremely stringent economic model for miners. Wu said that the blockchain once pointed out that the extremely low mining release volume, the extremely high pre-staking, and the extremely stringent technical error penalty are all fatal blows to a large number of mining machine manufacturers at the tail of the industry. 80% of them will face concentrated thunderstorms after the main network is launched.

Since miners were too dissatisfied, the official seemed to have done some appeasement: Interpretation of Filecoin's new rules: The official bowed and small and medium-sized miners got a glimmer of hope (POC Series 6). On September 8, the official announced an update to the economic model, proposing to remove the 20-day delay in unlocking block rewards, and start unlocking as soon as mining; reduce sector fault detection fees and sector termination fees to reduce miners' operation and maintenance risks; and reduce the minimum storage order pledge.

For some miners, forking has become an inevitable choice. But some miners and retail investors do not seem to support it. Wu said that a vote was held in the blockchain Filecoin community, and there were very few supporters. For a complex system like Filecoin, the official still has a large number of bugs and an undetermined economic model. It is still questionable whether the forkers have enough technical strength to promote it.

According to BB News, Sun Ming, partner of Distributed Capital, mentioned in an interview that miners who have invested a lot of hardware resources are pushing for the fork of Filecoin. The mining output is too small, making it difficult for early miners to obtain enough mining income to maintain operations. The potential reasons for the fork are, on the one hand, the protests of miners against Protocol Labs (demanding it to modify the economic model), and on the other hand, the desperate struggle of miners out of helplessness. "Finally, FILPool mining pool operating partner and Spacetime Cloud Technology COO Hu Feng told BB News: "At present, the big miners have ideas, but it will only be possible after the mainnet is launched."

On the morning of the 18th, the first anonymous forked project, Filecoin Vision, published an article, "Filecoin Vision Manifesto" through GitHub. The manifesto elaborated on the problems existing in Filecoin. These include:

1. The mineable share dropped from 70% to around 30% in the early days of the mainnet.

2. Pre-mortgage and post-block rewards are released linearly.

3. Window PoSt fails within half an hour, resulting in token penalties, and must be repaired the next day.

4. The committed data verified by the validator has 10 times the storage capacity.

5. Protocol Labs tends to use ethics to constrain the behavior of miners rather than on-chain rules.

6. Protocol Labs owns 15% of the tokens and the Foundation owns 5% of the tokens

In response, Filecoin Vision announced that it will implement many improvements, including:

1. The mineable share increased to 99%.

2. Reduce the pre-mortgage amount so that every miner can easily participate in mining.

3. Window PoSt allows for tolerant retry of submissions.

4. If the Garbage sector is lost or disconnected, there will be no penalty for the mortgage coins.

5. Leniency in punishment: punishment must be based on the determination of malicious behavior and must never be excessive.

6. Malicious behavior that cannot be well identified by on-chain rules will never be punished.

7. Punishments will be predetermined but deferred to avoid a domino effect.

8. No validator, no verified commitment data.

9. Promote morality, but tend to rationalize on-chain rules without rejecting human selfishness.