The most exciting thing in the Filecoin community recently is the launch of a proposal. The full text is quite long, and the general content is as follows:

The FIL community initiated a proposal#774to reduce the Fil+ order computing power multiplier. The proposal believes that Fil+ has attracted a large number of verified customers and data to the network, but it has also brought problems such as consensus overload, complexity, and poor user experience. Based on this, two proposals are proposed: 1. Immediately stop the allocation of new DataCap and eliminate the 10x computing power multiplier in the network upgrade after the FIP is completed; 2. Gradually reduce the computing power multiplier of Fil+ orders from 10x to 1x within a pre-set period. The proposal is still under discussion.

The proposal describes many of the shortcomings and impacts of FIL+, which can be summarized in one sentence: FIL+ has a 10-fold computing power multiplier subsidy, which has led to unfair treatment for merchants who have not received DC quotas. In particular, the dilution rate of FIL+ on production has led to very low production for CC merchants. Now that the price of FIL is low, not only is everyone making no profit, they may even be losing money.

It is normal for the community to have complaints. The 10x computing power subsidy for DC has indeed brought unfairness. After the introduction of the 10x multiplier, the market has indeed seen the fact that "notaries cut DC, DC cut CC", and even caused a certain degree of damage to the healthy development of the network. What will happen in the future? Cai Shen Ye talks about his own views:

First of all, it is impossible to cancel the DC sector and return it to the CC sector. Although the current DC data is not real and valid data, it is at least better than the complete garbage data in the CC sector. According to Filecoin's own plan, it was originally a transition from CC garbage data to DC valid data, and then to data that can be used for commercial applications. It will not go the other way around.

Whether it is a community proposal or a contradiction, the core issue to be resolved is the "unfairness" problem. Originally, DC's ten-fold multiplier subsidy was intended to encourage everyone to introduce valid data, but it has now brought about unfair problems and even caused a certain degree of hindrance to the healthy development of the network.

Now the Filecoin network has a computing power of over 23EB, but the storage capacity is only about 11EB. It can be said that DC is already dominant, so there is no need to take extra care of the DC sector. The remaining question is whether to cancel the 10x multiplier of DC directly, or to reduce it from 10x to 1x step by step.

The God of Wealth thinks that there is no need to go through so much trouble and that it would be better to directly open the DC quota to all service providers, treating them all equally. There is no need to worry about the 10x multiplier issue.

The reason is simple. Now half of the computing power is brought by DC. If the 10x multiplier is cancelled, the demand for FIL's pledge will drop significantly, and the oversupply situation will be further aggravated. In more than a year, these sectors will expire one after another, and the selling pressure of FIL will surge, which will smash FIL to the floor again. Moreover, the overall pledge rate of the Filecoin network is relatively low in the entire public chain, so staking more FIL is not a big problem.

Moreover, the amount of pledged FIL is constantly changing, and the price can fluctuate dozens of times. Whether the 10x multiplier decreases or not is not the core issue.

If the multiplier is reduced in a step-by-step manner, wouldn’t that be “unfair”?

Directly allowing merchants in the CC sector to obtain DC quotas will increase the demand for FIL pledge, which will actually boost FIL.