The EOS founder, bytemaster, is a rare technical business genius, and if you have to be a more familiar entrepreneur, I think it's possible for Elon Musk.

This kind of person can do a lot of very influential things in his life, and every single thing can achieve the top level in the world.

Mr Musk, for example, has long been a co-founder of the international trade payment tool "PayPal", which is now worth nearly $100 billion. Tesla, the world's most famous electric car in the last two years, is also designed by Mr Musk himself, with a market capitalisation of nearly $50 billion. More cattle is yet to come, its creation to ferry company mainly firing rockets, February 7, the ferry company "falcon heavy" carrier rocket successfully launched for the first time at the Kennedy space center in the United States, and complete the two primary booster rocket full recovery, once a sensation all over the world.

In the chain of blocks and the world of digital currency, BM's fame is not less than musk in silicon valley, to do everything, because the chain of BM in block industry financing ability, may even stronger than musk in silicon valley's financing ability. SpaceX has yet to raise more than $1 billion in total financing, but the bm-dominated EOS block chain project has raised more than $3 billion so far.

Who is BM?

The man came into contact with bitcoin in 2009 and then joined the promotion of bitcoin, but that didn't become his profession, and he wanted to create a blockchain system that goes beyond bitcoin. In 2013, it began working on a block chain called Bitshare, which now has a market value of more than $700 million. Later, a content community Steemit was founded, which is still a symbolic product of the content realization under the incentive mechanism of the block chain.

With all that said, it doesn't seem to have much to do with the evaluation and analysis of EOS, but it's a little bit flattering to BM, right? !

Actually as ordinary citizens, the genius of some contribute to the society, you must be eating, especially their spirit of adventure, ideas and technology, as well as the line power and charisma, should be cheering for it.

But as investors, we need to be rational about every product and dare to question anything. There are many types of genius, and if you want to invest in them, or invest in their projects, you need to build a very systematic analysis system that can't be fooled by the aura of genius.

You might say, well, there's a lot of junk that you don't question, why do you question the EOS. I can only answer that people's time is limited, and the things that they are willing to spend their time studying, which are filtered and willing to question, will take more time to study. A lot of garbage projects, I don't see time to look, question what?

And I want to tell you that in Letv market value of more than 130 billion, the domestic field of TMT boost Jia Yueting everyday, I have questioned Letv, was among the first to put forward the valuation of a bubble analyst, the article starting in Beijing, after snowball sent hundreds of thousands of hits, very coincidentally, shortly after the article, Letv began to fall, no longer.

When it comes to the Internet, the mobile Internet, and the age of intelligence, there are at least three people I don't think I can get around. One is Bill Gates, one is Steve jobs, and the other is musk.

Bill Gates continues to provide a stable operating system with a market value of more than $700 billion, creating a huge monopoly profit. Mr. Jobs did just one thing: to make apple's products to perfection.

Mr Musk is different. The man is tough, but the uncertainty is that you don't know what he's going to do tomorrow, something new and challenging. Such a person, is not to see in the eye of investors, so whether tesla, or raise the rocket company, belong to the kind, as long as there is enough money, I can do things ChengXiang logic.

Since I am a genius, you have to give me money to achieve something greater. This process seems there is no mandatory, but it belongs to the rules of "mandatory", if capital chasing is the focal point, concepts, and more imagination space, then had to cast such a person, or Fried up value.

Back to the EOS founder BM, like Mr Musk, was a great inventor and entrepreneur, but again, I was fundamentally concerned about the sustainability of the project.

When it was founded, BM vowed to surpass bitcoin, but found that it was too difficult to surpass bitcoin, and it was abandoned when the r&d budget was not enough. When steemit was created, the slogan was to overthrow the traditional media, but finally chose to go away.

Therefore, at the time of creation of EOS, his aim is not to create a project, he is the most direct ideas, to use EOS, the project raise enough money, so that he will not because of lack of money and can't realize their future more cattle B.

Is EOS really his favorite project? Is it really something he deserves to do all his life? I think this question looks very simple, in fact, is that investors need to think seriously about things, because for such a genius, any moral kidnapping is futile, the future he can at any time to do other things, and there will be more followers at any time, there is nothing to restrain him.

Of course, EOS, if its own business model can be established, it seems that there will be no BM in the future. However, the original intention and idea of the founder is actually the ceiling of this business model. From the perspective of EOS itself, my definition is that EOS is not the 3.0 level of the block chain, but it pushes the coin to 3.0. So what is coinage 3.0? It actually starts with a fundamental question.

The most successful place for EOS is still the methodology for solving problems. BM is a problem solving genius. If I talk about creativity, I think he is not an order of magnitude. In the field of block chain, everybody is the most headaches is block chain after the decentralization, the problem of too slow, then BM with limited node 21 centralized server (EOS), solve the problem of speed. But can solve the problem of speed, everyone again questioned centralized problem, then BM with all sorts of rules, such as node knockout, DPOS, isolated validation, voting mechanism and so on, to convince you, EOS is the realization of the decentralized.

Very simple, EOS, when you are hyping the block chain assets, worry a lot of problems, all resolved. For example, when many people talk about the disadvantages of bitcoin, they will talk about slow speed and high handling fee. EOS says that I am fast and there is no commission charge. For example, when it comes to the ether workshop and the speed and the fee for developers, EOS tells you that it is free to develop here.

More attract notes, gives those who hold the EOS, voting rights, let you feel oneself is a person who has the right to vote, can decide many internal very great things, bring you honor and presence and proud and proud, and will meet some people desire for power, that in itself has a strong ability of human nature inspired.
So here, you might not know what I mean. In fact, the more perfect design, the more need to return to the origin, use common sense to observe its rationality. This requires us to think about the ultimate question, the world of blockchain, in order to solve what problem?

Is very simple, block chain of the world, I think to solve the two major weaknesses, monetary disintermediated privatization and trade fields, and is not to make the world or interconnection becomes faster, or disintermediated, totally "free". Therefore, I think the "fast" and "free" requirements of EOS are false.

In history, because gold is very clumsy, not good, as a medium of exchange is very inconvenient, so boost notes, and then everyone began to note once as the symbol of the world trade efficiency, and shortly after the fed was founded in 1919, master of economics shouted out a slogan, Keynes said "gold is human barbarous relic", actually put the status of the bill to the climax. But a hundred years later, gold is still gold, and many of the bills have been wiped out. Even the dollar has lost more than 50 times its value. In financial markets, the cost of efficiency is to assume the credit risk brought by centralization and bear the cost of asset shrinkage. You can compare bitcoin to gold in the traditional world, compare EOS to paper money, and think about that logic.

A very simple example, there are a lot of exchanges now, free of charge, why don't you go to those exchanges and trade digital currencies? The reason is simple, because the exchanges lack credibility and traders are insecure. A few large exchanges, there are very high fees, but people are willing to go to these exchanges, why? Because these exchanges credit risk is relatively low, liquidity is good, even pay a few fees, also innocuous. In other words, the "free" business model does not have the absolute advantage.

The two major pain points, "speed" and "free", which EOS solves, are, in my view, the fake "pain points" of the market. What's more, it is likely that one day, BM will abandon this project and do other things.

My prediction is that the modifications in the future to give up the cause of the EOS project, it is not lack of money problems, is more likely, he designed a set of ecological system, there are more of the reality of the contradiction, and he cannot be in reality to face and solve the problem, and then choose to leave.

BM is a very rational person, but is also a very lack of leadership of the reality, so he hopes to create a procedural system, using a computer, a ecological organization, and then solve all problems. This is not possible, in the future if the reality of the problems, he will deal with very demanding, because he didn't want to solve the problem in the real world, all the logic to solve the problem, a coded in the program.

EOS is difficult to become a block chain infrastructure of the world, the government can provide public service system, because the government has the transfer payment and tax system, and even a few years like one day to the subway, bus, health, environmental protection, education and other infrastructure subsidies, the government also can let it go on forever. If the EOS ecosystem loses its ability to make money as a whole, all nodes will continue to live beyond their means. Who will provide the relevant services? Who can sustain this system? It is not the same as the currency, the currency is formed by the market competition of centralized, center can transfer at any time, so the market can repair and adjustment, and EOS is the political formation of the centralized, self-regulation and the ability to repair the extremely limited.

EOS risk point is not only that, in terms of value, is not a seriously undervalued mark, EOS private phase's valuation has been more than $1 billion (phase etheric lane private valuations of less than us $25 million). The future more chips will be concentrated in the hands of the whole ecological politics of cluster, turned into a system of profit distribution, and the outside world once cannot create value to supply the system running, too clear and concentration distribution of chips, will lead to the more concentrated the withdrawal of cash and retail.

For EOS, the only possibility is to belong to the etheric fang split some of stock market, such as with the whole block chain ecological growing again, the EOS have increased, and the notes 3.0 to a new climax. But please note that the EOS system logic self-consistent instead of prosperity and ecological risk is one of the biggest points, because this kind of political form design, like in the design of a system of planned economy, the more big, the more vulnerable.

But in the end I want to say is, before not deep thinking, the concept of EOS is indeed very good, suitable for transmission and response chain block most of the questions of the world, so is a very persuasive and transmitted investment targets, trading volume is big enough, suitable for wave band operation, the fluctuation is enough big, traders will like.

Another point, I on the analysis of the EOS, not for any person or organization, I will always stand in a point of view, is that investors pay close attention to what I will study what, whether the research results in the interests of the people, this is not I want to care about, I'm sure I won't say you want to hear, I will say only that you don't have heard of。

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