Filecoin testnet will be launched soon, beware of related scams 

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If you follow Filecoin, you may have heard of recent arrangements:

Reference URL: Filecoin 2019 Q2 & Q3 Update

Filecoin is really very unique in various projects in the currency circle. In addition to being an incentive project based on the well-known IPFS protocol, Filecoin's delays are also well-known. It has been dragged on repeatedly in mid-2018, and then dragged to 2019. The mainnet was launched, and it continued to be dragged. As shown in the figure above, the testnet was not launched until the end of 2019. The mainnet was launched in March 2020?

Will the mainnet be launched in March 2020? Do n’t hold too much hope. After all, the greater the disappointment, the greater the disappointment. According to the Filecoin team's style of work, the mainnet will be online in 2020.

Filecoin basics

To introduce Filecoin, I have to introduce IPFS. The full English name of IPFS is InterPlanetary File System. You can’t understand it, but you only need to understand that IPFS is similar to HTTP as a protocol layer concept, and It is a point-to-point distributed file system, and that's it. Of course, you also need to know that the IPFS protocol is to solve some problems of the HTTP protocol.

Therefore, IPFS is a protocol and has nothing to do with Token. Open source protocols can be used by everyone, but don't be fooled.

After talking about IPFS, we must look at this Filecoin. IPFS is a protocol layer thing, and Filecoin is an incentive layer thing.

The most important point here is that Filecoin and IPFS are not completely bound together. If you participate in the incentive of Filecoin, then you must use IPFS, but if you want to use IPFS alone , you can leave Filecoin alone .

So, if the simple summary is:

Filecoin aims to make more people use IPFS through an incentive system .

After all, although IPFS is a good thing, it is not difficult to promote it. If there is the promotion of Filecoin, because of the incentives for mining, more people will use IPFS to store files, provide storage space, and let more and more Many people understand the benefits of IPFS.

Has IPFS become one of the basic protocols of the Internet?

Past and Filecoin scams

There are really too many scams based on Filecoin and IPFS. Too many I now hear about Filecoin miners and do n’t think about responding to scams .

Some people think that Filecoin miners can earn a dividend like the big brothers who had deployed Bitcoin miners in the early years, but they do not know that Filecoin miners have no threshold at all , and they are not like Bitcoin ASIC miners. It can be improved to greatly improve mining efficiency. The key of the Filecoin miner turned out to be a hard disk. Due to the limitation of the material, the update iteration speed of the hard disk is very slow, so the hard disk is actually very valuable.

Then if you buy a Filecoin miner in advance, you still need to catch a fart bonus, which is just being cheated. In the end, a hard disk worth only 500 fast, as long as it is simply packaged into a Filecoin miner, it will sell you 5,000 yuan, really God Big scam.

In Filecoin or IPFS, there were several very large scams, such as:

The CAI, which claims to be the world's first storage-based public chain, is the most famous, and its marketing momentum is so astounding that it actually invited Hu Run to come to the platform for the launch event. According to media reports, in addition to the customers of CAI mining machine marketing and harvesting, including their own sales staff, they were encouraged to buy mining machines. In the end, most of them failed to escape the fate of being harvested when the project collapsed.

In addition to mining, there is also a scam that uses the concept of IPFS to make a nameless "Li Ghost" project. One of them is FileCash Coin (FCC) curated by the protagonist of the coin-spreading incident "Hong Kong's young master" Huang Huangjie. A public chain's name was promoted, and its token FCC launched two exchanges in the Mainland. The currency price had risen 48 times in 10 days, and it naturally left the market with a plunge.

This CAI and FCC are two relatively large scam projects.

Beware of the next scam, what should you do with Filecoin?

With the launch of the Filecoin testnet, you must be cautious of various scams. Any mining machine that uses Filecoin or IPFS mining is most likely a scam. How to identify if it is a scam?

It is necessary to carefully ask the hard disk condition in the IPFS mining machine, and then compare the prices on the market according to the hard disk condition. If the prices differ too much, it must be a scam. Secondly, some people use the name of IPFS miner to mine some altcoins, which is even more a scam.

So what do we ordinary people do?

Regarding the mining of Filecoin, there is no initial dividend, but everyone has the opportunity to mine . As long as you have a hard disk and wait patiently for the main line of Filecoin, it will be very easy to configure a Filecoin miner in the future through your home router. , You can dig some FIL every day.

Of course, the FIL of exchanges are all futures. I don't recommend anyone to play about futures. It is all a database number, and the exchange can operate the transactions inside it.

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Whenever there is a project about crypto usually they are followed by many scams and when you invest without research you can fall a victim

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