5 Cryptocurrencies Redditors Will Never Buy Again

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1. Filecoin USD (CCC:FIL-USD)

Market Capitalization: $2.539 billion

Filecoin USD (CCC:FIL-USD) is the native coin on the open source storage Filecoin network that allows users to rent unused hard drive space.

The Reddit community has highlighted the lack of user and developer friendliness on the platform. Users think that numerous projects present on the Filecoin blockchain are not ready for adoption on the mainstream level. Developers that have gone through the command lines of these deployments do not see the end user utilizing the products on the platform. Investors are also concerned about whether the decentralized aspect will be completely implemented or not, as numerous nodes are being hosted from China. The hosting of nodes from China could be challenging due to strong content laws in the country. Redditors are concerned about the legality of storing US legal content on Chinese nodes without facing severe penalties. Although there is no information about censorship or penalties on public forums, it is a significant overhang on Filecoin USD (CCC:FIL-USD).

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