Has Filecoin’s computing power been falling the whole time—does that mean it’s really getting worse?
Lately, I’ve been seeing a lot of people discussing this issue.
A decline in computing power certainly has an impact—things like staking and token liquidity must be accounted for as well.
But at this point, when looking at Filecoin, I think there’s another, more important balance sheet entry:
Is there really enough willingness from actual customers to pay for it?
In the early days, we competed on computing power—to first build this global storage network. Now that the network exists, the truly hard part is how to turn it into a business that people will pay for long-term.
That’s also why, after digging into the developer Slack for the past few months, I’ve adjusted my earlier expectations for on-chain cloud FOC over the next 3–5 years.
Before, I thought we might see results in 3–5 years. Now I feel that 3–5 years is more like a validation period.
That technology can run is one thing. Whether businesses are willing to use it—and whether they’re willing to keep paying long-term—that’s another matter.
I’ll talk more about this in the next video for now. #filecoin $FIL
Lately, I’ve been seeing a lot of people discussing this issue.
A decline in computing power certainly has an impact—things like staking and token liquidity must be accounted for as well.
But at this point, when looking at Filecoin, I think there’s another, more important balance sheet entry:
Is there really enough willingness from actual customers to pay for it?
In the early days, we competed on computing power—to first build this global storage network. Now that the network exists, the truly hard part is how to turn it into a business that people will pay for long-term.
That’s also why, after digging into the developer Slack for the past few months, I’ve adjusted my earlier expectations for on-chain cloud FOC over the next 3–5 years.
Before, I thought we might see results in 3–5 years. Now I feel that 3–5 years is more like a validation period.
That technology can run is one thing. Whether businesses are willing to use it—and whether they’re willing to keep paying long-term—that’s another matter.
I’ll talk more about this in the next video for now. #filecoin $FIL