Over the last few months, I have gone back down the rabbit hole to try and fully comprehend what Juan and the team told me. This has helped me understand what Filecoin is and what the team are trying to do. My hopes and fears are much clearer now. I wanted to write this post to help me think them through. I wanted to share this information publicly because I believe everyone who is investing in Filecoin deserves to have the same information as me. This is not investment advice, this is my mental thought process for assessing Filecoin as an investment. These are my hopes and my fears.

I hope that Filecoin will decentralise the internet.

I fear that the centralised token sale will demotivate the community.

I hope that lots of people will mine Filecoin.

I fear that they will work for a protocol that accepts their capital.

I hope that Filecoin will be loved by developers.

I fear that developers who cannot invest will seek revenge.

I hope that Filecoin will set the standard for regulated tokens.

I fear it will pay a price for excluding the unaccredited.

I hope that Filecoin can raise all the capital it needs.

I fear that the “one round” model is wrong.

I wish that Protocol Labs could issue more Filecoin in the future.

I hope that this one round will be enough to compete with Jeff Bezos.

I fear that he will use his resources to destroy them.

I hope I am wrong about the one round model.

I fear that VCs invest in rounds of equity for a reason.

I hope that Filecoin will appreciate 1,000x in value.

I fear it will be hard if it is valued at $1bn+ on day one.