Still talking about the grayscale, when this thing was two or three hundred, they said to buy grayscale, and now it's two or three bucks and they are still buying grayscale, it's just the coins they themselves allocated to grayscale.
Post
--
天寻
·
--
Bullish$FIL Grayscale's increased holdings of Filecoin, from being trapped at $90 to the story of aggressive buying 【Chapter Three】
So what exactly does Grayscale see in this “has-been internet celebrity”? Is it really just an abundance of money with no place to spend it? Of course not. Their calculations are sharper than anyone else’s.
First, there’s the super trend of the AI era. What are we using every day now, like ChatGPT and Midjourney? What lies behind these large AI models? It's astronomical levels of data. This data needs to be stored, and it must be done securely, reliably, and at a low cost. Centralized cloud services, like Amazon AWS, while useful, are expensive, and data sovereignty is a significant issue. In contrast, a decentralized distributed storage network like Filecoin is practically tailor-made for the future of AI. It utilizes idle hard disk space globally to form a massive storage network that is not only cost-effective but also prevents data from being controlled by a single company. Grayscale is betting that the explosive growth of AI will lead to an enormous demand for data storage, which will inevitably flood into Filecoin, this vast “data reservoir.”
Secondly, Filecoin is stepping up; it is no longer satisfied with just being a “network hard drive.” In 2023, the Filecoin Virtual Machine (FVM) officially launched, marking a milestone in the project’s development. To put it simply, the old Filecoin was like a single-function warehouse, only capable of storing items. With the advent of FVM, this warehouse has gained a brain and nervous system, enabling it to run smart contracts! What does this mean? It means developers can build a wide variety of decentralized applications (DApps) on Filecoin, such as decentralized social media, data DAOs, permanent online museums, and more. It has evolved from a mere storage tool into a foundational blockchain with limitless ecological possibilities. This opens up a whole new realm of imagination. Exciting, isn't it? 【Not done yet】
So what exactly does Grayscale see in this “has-been internet celebrity”? Is it really just an abundance of money with no place to spend it? Of course not. Their calculations are sharper than anyone else’s.
First, there’s the super trend of the AI era. What are we using every day now, like ChatGPT and Midjourney? What lies behind these large AI models? It's astronomical levels of data. This data needs to be stored, and it must be done securely, reliably, and at a low cost. Centralized cloud services, like Amazon AWS, while useful, are expensive, and data sovereignty is a significant issue. In contrast, a decentralized distributed storage network like Filecoin is practically tailor-made for the future of AI. It utilizes idle hard disk space globally to form a massive storage network that is not only cost-effective but also prevents data from being controlled by a single company. Grayscale is betting that the explosive growth of AI will lead to an enormous demand for data storage, which will inevitably flood into Filecoin, this vast “data reservoir.”
Secondly, Filecoin is stepping up; it is no longer satisfied with just being a “network hard drive.” In 2023, the Filecoin Virtual Machine (FVM) officially launched, marking a milestone in the project’s development. To put it simply, the old Filecoin was like a single-function warehouse, only capable of storing items. With the advent of FVM, this warehouse has gained a brain and nervous system, enabling it to run smart contracts! What does this mean? It means developers can build a wide variety of decentralized applications (DApps) on Filecoin, such as decentralized social media, data DAOs, permanent online museums, and more. It has evolved from a mere storage tool into a foundational blockchain with limitless ecological possibilities. This opens up a whole new realm of imagination. Exciting, isn't it? 【Not done yet】
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.