Interpretation of the misunderstanding of blockchain

The concept of blockchain is unusually hot in the financial sector. Today's startups related to blockchain technology are gradually emerging. Some people define the blockchain as the fourth industrial revolution, but it is still on the blockchain. The understanding has great misunderstandings.

There is no doubt that human beings are co-authoring a "public story." Machines and algorithms become the protagonists of the story; politicians hold high the banner of currency free migration; the ambitions advocate that ICO will subvert the traditional VC, benchmark IPO; forwards Klaus? At the Davos meeting, Schwab defined the blockchain as the fourth industrial revolution; regardless of race, no region, from individual to country, mankind built the "blockchain" of imperial myths with unprecedented fanaticism. Speculators, ambitions, capital, entrepreneurs, and the constant amaranth and aunt, gathered in the boundless virtual network of the territory, they acted resolutely, nocturnal, and divided under the ideal of "One World, One Dream" Be clear - even if it is cut, it must be geometric.

The famous historian and philosopher Umberto Aike once said: "The only truth is to learn to get rid of the irrational enthusiasm for the truth."

Interpretation of the misunderstanding of blockchain

Talk about the common misunderstanding of the blockchain.

1. The statement of the "fourth technological revolution."

This is purely nonsense. The blockchain itself is still part of the Internet and can only be seen as an iteration. Some of the so-called blockchain technologies are also a subset of Internet technology, and steam, electricity, and Internet How is the East of East China's productivity changes?

The literati in this world will really write a few computer programs, and they must not all become philosophers. It is terrible and tight, without such ignorance.

2. The statement of “decentralization”.

This is not accurate. I tend to use the word distributed. It is not a decentralized network, it is a distributed network; it is not a decentralized application, it is a distributed application.

WeChat claims to go to the center. Now many people understand that this is a lie. WeChat is going to a small center, but he is the center, a big center. If WeChat transplants itself to the blockchain infrastructure in the next step, it can be called a distributed IM application, and it still cannot be said to be decentralized and inaccurate.

Coase has a ceiling theory, which is about the upper limit of organizational efficiency to improve the efficiency of collaboration. However, there are still many people on the Kos floor who don’t know what it means. In fact, it means that many things are not worthy of setting up an organization because the cost is too high. The output is too low.

There is always a center between the Kos floor and the Coase ceiling to ensure efficiency and sustainability.

The distributed idea can raise the ceiling of Coase, involve more people and organizations, and the collaboration is still efficient. At the same time, it can also lower the Kos floor and use the temporary or flexible organization mode to efficiently accomplish things that could not be done in the past.

The center can't go away, there is no master, most of us will panic, maybe even the days will not pass.

3. The statement of “Token economy”.

This is not a problem, but it is easy to cause misunderstanding. Token is a good invention as a measure of the contribution of production factors to collaboration. It may be used mainly in the fields of identity confirmation, intelligent conversation and secure transaction between machines and machines, especially in the Internet of Things.

ICO has messed up people's minds, and all sorts of inexplicable utopia white papers claim to subvert entertainment, subvert socialism, subvert e-commerce, and subvert banks. I think they are mainly subverting PDF. Far away. Stop here.

Blockchain awareness

1. TCP/IP is a collection of protocols, and a blockchain is also a collection of protocols. TCP/IP has never been toc fired, and how the blockchain spread like a flu is really quirky.

2. The blockchain is undoubtedly significant and may be the most important underlying iteration of the Internet. Information online, value on the chain, the Internet to transmit information, blockchain to pass the value.

Human progress relies on the use of stories to form consensus, reduce the cost of trust, and improve transaction efficiency. These stories include religion, currency, country, company, and so on.

The blockchain is a new story. It suggests that humans should hand over consensus to machines and algorithms, build trust at a deeper and deeper level, trust-free, cross-institutional, cross-sovereign, cross-story to achieve value recognition and mobility.

3. Windows is an OS invented for non-networked PCs. Andriod is an OS invented for networked phones. The blockchain treats the entire Internet as a computer. The OS on this computer has many prototypes, BTC, ETH, and EOS. Early exploration, mainstream commercial OS has not been invented and competed.

4. The blockchain OS will not be one. For example, DAPP on mobile phone DAPP and IoT devices have different optimization directions for computing, storage and bandwidth. Encryption algorithms, consensus mechanisms and distributed storage also need to be oriented to scene optimization. But the mainstream public chain should still be needed.

5, liuns invented linux is justified. One of the others in Finland is not the extreme or the night, writing the kernel, killing time, or it is excellent, otherwise people will commit suicide; the two of his father, Nils Torvalds, are a firm and active communist, and they are very stunned. I want to use the GPL concept to give liunx to the GNU project, so that global productivity can be profitable.

But from now on, the design concept of the blockchain OS is a few more advanced than the Linus classmates. It tries to improve productivity by transforming production relations, involved in enough organizations and individuals, and designs the people involved. Role and incentive mechanism, system autonomous operation.

6, OS-based token is difficult to run through, but based on the OS to achieve a public chain can issue their own token and is very likely to run through, this depends on the DAPP ecology on the public chain is doing well, good DAPP not only has a large number of users, but also the tokens issued by itself are extremely valuable.

7. The token value of the public chain and the token value of DAPP promote each other. The computing power, storage and bandwidth required by DAPP can be priced through the token of the public chain. The value of the DAPP token depends on whether the service provided by the developer is really valuable.

Q coins have been very valuable, QQ tokenize is relatively reliable, most of QQ services are based on traditional hosts and databases, but the value part can use blockchain infrastructure, such as value-added services, game props and copyright provided by Tencent. The content has value can tokenize, QQ users hang up, UGC, shared computing power, etc. also have value or tokenize.

Token can anchor the legal currency, but one thing, the token must not be freely convertible with the legal currency.

8, ETH skips the process of the public chain and DAPP's own value tokenize, relying on a white paper to directly engage in ICO, and also in the secondary market exchange to harvest the French currency of the leek, it is really a bad conscience, but also really let my brain open.

I used to say that technological advancement will only allow society to enter a high IQ and low moral channel. Sure enough, the high IQ and low moral society came, and it was a good idea to cut the leek.

9. Ask me what is the most to buy. As a common citizen, don't buy any tokens; as an elite with skills, it is good to try to squeeze into the core circle and rely on the currency to swindle money.

Where is the core circle so good, or if you are a local tyrant, countless money becomes a holder of the money holder, or if you have a triad resource that can intimidate the core circle, you have to pull you into the group. It is said that there are not only white papers on behalf of the service, money-based agency services, but even the agency services that have entered the core circle.

The “centralized” currency circle publicly defrauded the money with the guise of “decentralized” blockchain. Also drunk.

10. No one thinks that he will be the last leek of the drumming legend. This is sad. ETH's TPS means that the sandbox design and incentive mechanism are not perfect. At most, it is an early DOS. I am not optimistic that it will become the mainstream, so not only the tokens on the ETH will be zeroed, but the ETH master token may also be zero. .

Bitcoin is another matter. In the end, perhaps the only application running on the bitchain is bitcoin, and Bitcoin will become the world's recognized benchmark currency in the blockchain, and all public tokens, DAPP Tokens are freely convertible, but not Direct exchange with French currency.

11. Some people disagreed, and the students who said that the ICO money was allowed to give up the life described in the white paper, and the token was really worth the money. Nonsense, who dares to challenge humanity? Money is earned, and who else will work. In the world, only two items of truth and freedom can't be sold, think about it.

12. Someone asked me about the stock. The domestic blockchain concept stocks are all nonsense, don't buy. There is a thunder in the US stock market. Apart from the concept, there are still many practices that can be bought, but this company has no future and is not worth holding for a long time.

Unless Thunder immediately delists, treat yourself as a quiet startup, not subject to revenue interference, concentrate on starting from the OS, push up the valuation in the private equity market, invest 100% of the investment in research and development, and perhaps hopefully become BAT. Great company.

13. This reminds me of the speculators of the Internet bubble. I heard that the Internet is very great and I can’t get excited. However, I swept over and there was no decent standard on the stock market. I heard that yahoo not only has concepts but also works. Just buy Yahoo.

Today's Thunder is like the yahoo of the year. However, the future Thunder may not be as good as today's yahoo. The management team of this company is wrong, and the strategy and pattern are not right.

14, the story after yahoo everyone knows, the United States has FAANG, China has BAT, and recently TMD. The blockchain is also like this. The bubble era concentrates on making money and defrauding money. If you want to do something, you need to go in and go slowly.

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