Filecoin officially defends the launch date to the death. What else can we do but wait?
What were the two hottest things in the Filecoin community over the past week?
1、 The Gemini exchange announced support for Filecoin hosting.（又一个知名交易所公开支持Filecoin）
2、 Filecoin founder Juan appeared in the miners’ community AMA to answer.（胡安请回答 | 灵魂拷问80题）
First, the second thing.
Although hundreds of questions were discussed in the March 6 community q&a, the biggest concern for the entire Filecoin community was “mainline time.”Although the official answer is still “very official”, it still instills a strong sense of confidence in the community:
Q: the launch date of Filecoin has been pushed back again and again. The latest plan is to launch in July. Will this be on time?
A: as you can see, we recently published our latest plan, which is our best estimate based on the current situation.
We are confident of the implementation of this plan and do not feel the need for further delay at this time.Now the team is working intensively according to the schedule, the goal is to launch the main network on schedule.Before the main network, is the second phase of testing, we are more confident about this, and has begun the main network online countdown.
We want to launch the Filecoin network more than anyone, and the delay will disappoint everyone, including ourselves.However, the most important indicator for the main network to come online is that it is functional and safe.
Everyone hopes for that.We will not let you down on this.
Even so, on the afternoon of Monday 9th, perhaps because of the jitters, someone left a message on Slack:
Can the main network really be launched in July?
Three minutes later, the response from Filecoin’s official technical director, Why, captured the day’s laughs:
As long as I don’t die from the coronavirus.
This answer is also very straight, very humorous.
More importantly, it reflects the determination and confidence of the Filecoin team for the launch of the main network in July. It also brings the inner peace and joy to the Filecoin Chinese community members in an instant:
“That’s the least official answer, haha.”
“That’s the hardest thing I’ve ever heard from an official.”
“Why is the hope of the whole village?”
“Wish Why good health”
“Come on, guys, pass out the masks, protect the Why, I would like to donate masks and antibacterial fluid to him, let him until the main line.”
I have to say, the friends in the Chinese community are also kind and lovely.The relationship between people and the authorities has also become strong and powerful as the code has been tested and tested.
The “love” between the sea, sea can be flat, we each other refueling, static waiting for the official launch of the main network.
一
What else can ordinary people do but follow the official test web with patience and rhythm or pay attention to its progress?
That seems to be the answer to another big event of the week, the Gemini support for Filecoin hosting: the exchange structure.
Exchanges, as the top-level design of digital assets and even the whole blockchain field, are topics we can never and should never get around.As one of the hubs where users participate in transactions in the cryptocurrency market, it has been an important indicator for the development of the blockchain industry.
At the current stage, while focusing on mining, we can also properly understand the current situation of the trading platform.
In the exchange battlefield, the smoke never dispersed, want to fully understand the current exchange arena, might as well try to see from the following aspects:
一、 the Matthew effect of the head exchange
二、 the vicious circle of small exchanges
三、The cloud of the exchange
四、flat Taiwan dollars
五、The rise of derivatives and the bull market
六、Vi. Entry and opportunities of new users
七、the central exchange gravedigger — DEX
1
Head exchange of Matthew effect
Exchanges are free to compete in the market, there must be a Matthew effect, that is, the strong are always strong.
In the eyes of users, the bigger the exchange is, the safer it is, the deeper it is, the more guaranteed the service is…As a result, resources will be more concentrated towards the large site, and users of the small site will gradually be lost, and some will inevitably be eliminated.
After “94” of 17 years, the strength of first-tier head exchange is increasing day by day, countless second-tier to 18-tier exchanges die in the bear market.
Coin security lost 7000 BTC, the founder himself can make up;
FCoin lost 7000 pieces of BTC, the founder ran away directly!
The head trades all more capital and manpower to go layout ecology (common chain, DEX, mine pool, cloud etc.), as its ecology is perfected day by day, the gap will widen further, Matthew effect is more intense.
2
A vicious circle of small exchanges
As a small exchange, because of a lack of flow and sediment, so the fee of each month may have just covers the cost of the server, now the project party knows little exchange to provide liquidity, so the currency fee less poor, unable to cover personnel and place for the cost, to function properly, you must use some abnormal means, which in turn allows the user to further erosion.
To attract traffic, small exchanges must have a get-rich-quick effect, letting users know that the operation will make money.Through IEO or discount subscription, in the short term can attract a lot of traffic and money, but finally can precipitate down very few.
These users are not value users, more like locusts, where there is profit to go, only sensitive to profit, after you go, there is no loyalty to the platform.
The threshold of the exchange is getting lower and lower, people are coming, you have to believe: the exchange wants to cut you, it has a hundred positions!
3
Exchange cloud
The head exchange has its own cloud products, which is a sure bet for the head exchange.
Pledge nt $, fee sharing and other benefits do not need to say more.
Because the head exchange has the Matthew effect, it will gradually attract and rob the traffic of the sub-exchange.The child will gradually find that they are not only in the mother to work, but also for the mother to develop the market, the contribution of flow and capital.
A similar product is offered on the market by an exchange system provider (ChainUP, coincore, etc.), which lacks the aura of a home office, but buyers are trapped in a vicious circle of small exchanges.
4
Flat coin
The nt dollar is one of the clearest indicators of cash flow and business model among all cryptographic assets.
As the face of an exchange, the rise and fall of the Taiwan dollar affects not only the judgment of external users on the exchange, but also the faith of loyal holders.When users from outside the circle come to the trading platform, the exchange also brings their money into Taiwan dollars.
If the exchange is compared to a casino, the casino is never short of fancy play, IEO, lock-up, buyback…To put it bluntly, listen to the exchange’s story.
5
The rise of derivatives and the bull market
The immediate cause of the recent derivatives fire is a flood of capital inflows, which are due to the iron law of the coinage: the get-rich-quick effect.
In the last bull market, due to the lack of derivatives on exchanges, new users came into the market, saw that the mainstream currency had risen so high that they were unwilling to take the offer, and were induced by KOL and project parties to invest their money in the cheaper counterfeit currency, which led to the sudden wealth effect of the counterfeit currency.Now, trading all the rich derivatives has the same sudden wealth effect, with kols and exchanges actively inducing new users to play derivatives.
New users think, I can play derivatives to make a lot of money, why buy counterfeit currency?So, money will flow directly into the leveraged market, the new bull market is a leveraged bull.
However, if there is a fall, under the action of the leverage, there is bound to be a stampede, a river of blood, brutal.
Derivatives have become a new battleground for exchanges, with a wide range of products designed to meet the diverse needs of users, which in turn bring more revenue to exchanges.
With the development of derivatives, the market will become more professional, and the demands on players will become higher and higher, and it will be difficult for ordinary users to make money.
6
New user entry and exchange opportunities
Every bull market produces an epoch-making product, a 13-year-old bitcoin world currency and a 17-year ethereum 1CO.
What is the product that will bring in a lot of new users in the next bull market?
Products that are strongly relevant to ordinary people?
Through the entity enterprise transformation into the market?
Filecoin, a decentralised data store tightly integrated with the real economy?
All of them, and in either case, are linked to exchanges and to us as ecological players.
Can Filecoin witness the rise of a small exchange that OTC platforms can use to overtake?All worth looking forward to.
7
Central exchange gravedigger — DEX
We’re playing decentralized tokens on a centralized exchange, which is a strange thing in itself;
Centralised exchanges have an urge to print more money because they are opaque;
Limited by the current performance of the public chain and operating threshold, decentralized trading all a lot of hard, really can be used on a large scale, it will take a long time;
Think about the medium term exchange structure: several centralized oligopolistic exchanges, supplemented by decentralized exchanges, centralized exchanges also have some advantages, more efficient, more convenient;In the long run it may be all about decentralisation.
二
Talk specifically about the Coinbase Mafia, which evolved from Coinbase, an American exchange, and the relationships between Filecoin and the Coinbase Mafia.
Speaking of the Coinbase gang, I have to mention the PayPal gang, which is a constant topic in silicon valley venture capital circles.The term “PayPal Mafia” first appeared in the us fortune magazine, which described the position of early PayPal employees in the us Internet industry.
Since PayPal was acquired by eBay in 2002, important early employees of PayPal all chose to start their own businesses. They maintained very close ties with each other, invested in and supported each other, and controlled the entire American technology industry just like the Mafia.
The Coinbase gang is the PayPal gang of the cryptocurrency industry.
Coinbase, based in San Francisco, is one of the most important players in the cryptocurrency industry and has a huge presence.The company recently disclosed a valuation of $8bn, though the staff derived from Coinbase are as impressive as its valuation.
With PayPal, Coinbase early employees many choose to housekeep in block chain business in the world, and they introduced encryption monetary investment fund, all kinds of the underlying protocol, decentralized applications, active in the block every niche of chain industry, and they look after each other, mutual investment, has been a mainstay of the industry.
Take a look at Filcoin’s network with the Coinbase mob.
Digging deep into the relationship between Filcoin and the Coinbase Mafia can help us understand two things more deeply:
1. Explore high-quality projects according to Coinbase’s network and influence.
Coinbase has proven to be one of the most successful companies in the cryptocurrency industry. Its early teams are more experienced, Coinbase’s former employee teams are better at identifying quality projects, and its network gathers quality resources.
Therefore, the Coinbase project itself is more likely to be a high-quality project, and the Coinbase startup company has a higher probability of success in the future.PayPal Mafia startups have proven this in the Internet industry.
2. Based on the degree of relationship with Coinbase system, it is speculated that cryptocurrency may be listed in Coinbase platform in the future.
The Coinbase effect is already a well-known secret of the cryptocurrency market.The Coinbase effect is the temporary rise in the price of a cryptocurrency once Coinbase announces that it will be traded on coinbas-related platforms.
This, of course, has to do with Coinbase’s stringent criteria for shelving digital assets, as well as Coinbase’s liquidity advantages.There has been no shortage of rumors about who will be Coinbase’s next token.
Coinbase, as an industry portal exchange, is cautious to enter the currency, and there is a certain probability of entering the project under investigation, which will bring a lot of liquidity to the project.
I hope you can use these methods to capture some valuable clues by observing the strategic direction of the trading platform, the background of the founding team, the quality of service, the market sensitivity, the currency plan and so on.
If you have more ideas, please feel free to contact us.
-完-
Past highlights:
原创：郑海滨&X-Order&链闻，有删减改动
公众号：一个区块链从业者的日常、链闻
仅代表作者个人意见，不构成任何投资指向
编辑：星际视界格格
