MOL Moore Chain Academy - What is the intrinsic value of cryptocurrency? What will happen to 2019?

MOL Moore Chain Academy: Moore Chain MOL founder Qian Haitao talked with reporters at coindesk about how the blockchain winter will be spent. At the beginning of 2019, we reviewed the previous one. Pile one piece and start thinking about whether the intrinsic value of the cryptocurrency has changed substantially for investors.

What is the intrinsic value of cryptocurrency?

Qian Haitao, the founder of Moore Chain MOL, believes: "The blockchain should make the Internet a genius, an open network of merits. Based on the atomic physics world, the government maintains order, and rational humans have already prospered. Real estate, real estate, automobiles and other real estate and the real economy have their own laws, and it is not necessarily necessary to monetize their numbers. We believe that any exaggeration of the scope of technology available is a deceptive behavior, so like bit Both Coin and Moore are digital assets that focus exclusively on the blockchain technology most needed."

In addition, the application of blockchain technology in the financial field is also a hot spot of public concern. A year ago, I insisted that encryption technology would change finance. One year later, although the currency market has soared, my thoughts have not changed, but what needs to be added is that I think this change will not happen overnight. needs time.

Now many people compare the bubble of Bitcoin with the bubble when the Internet was just emerging in the 1990s. However, we believe that the asset bubble of cryptocurrency will be much faster than the Internet bubble, which is due to the efficient dissemination of Internet information. Changes in speed and business models.

Post-bubble era

The plunging of cryptocurrencies has made many people think that it is “not reliable,” but let's compare them horizontally with dot-com. We will find that Nasdaq also reached a peak in 2000, but then the market value evaporated 72. %; the leader in the technology industry - Cisco's market value has also evaporated more than 86%; and the largest online e-commerce company in the United States - Amazon, from the end of 1999 to the end of 2001, its market value evaporated 95%, It fell from $107 to $5.97.

Their similarities not only evaporate most of the market value, but their development after the bubble burst.

These companies have returned to the peak after the plunge and even created more value. After analyzing the dot-com post, we came to the conclusion that a company must have practical value if it has sustainable value. Sex.

We need to see the intrinsic value of the encryption circle and the blockchain to create real use cases and value networks. As Qian Haitao, the founder of Moore Chain MOL, said: When we are in the cold winter, we must think about how to keep out the cold and how to live.

As I said before, I think that the intrinsic value of cryptocurrency has not changed. It is a new business model in which a fully or partially decentralized network can remove or partially remove intermediaries.

Of course, this does not mean that the decentralized network and the centralized network model are mutually exclusive. We often ask: "Who can laugh at the end?" But here is a win-win process.

Just as we don't want to see a company that is big and monopolizes the entire market, now we need a lot of flowers, the problem is not the only answer. Conversely, there are certain restrictions on decentralization that do not apply to all scenarios.

2019: What will happen in the future?

We look back at 2019 while reviewing 2018, and we look forward to seeing new developments in both areas.

The first is new retail, a new retail ecosystem based on blockchain technology that allows our institutional investors to participate in the cryptocurrency and blockchain revolution. An industry needs to work with other industry sectors to find new ones. Some of the methods, and better interaction with customers, make the flow of the retail chain smoother.

In the current consensus, it is believed that the blockchain has three relatively certain technical empowerments for new retail: optimized supply chain management, commodity traceability, and consumer identity confirmation.

Through the blockchain multi-party participation, jointly maintain the data source, and strive to participate as many commodity supply chain participants as possible, avoiding the problem of artificially doing evil or data accidental loss.

At present, the combination of blockchain and new retail is in progress, and infrastructure is being built.

The second is the blockchain protocol, which uses blockchain protocols to ensure transaction transparency and addressability. It is believed that in 2019, the widespread use of blockchain protocols will be seen.

Scientists around the world pay attention to "blockchain"

Yesterday, MOL Eco Sick APP issued the Ministry of Information: "Nature" released a report, the public has been the hottest word list of scientists in the world in the past year, the top three are "cancer", "blockchain" and "Big Data".

In the currency circle, speculation is a speculation. I am very pleased to see that scientists all over the world are so concerned about the "blockchain", because we have entered the trend of megatrends unconsciously, and then, at this moment, it is a big bear market.

For the convenience and resolution of the "chain" and "technology" of the blockchain, we can only admire scientists and technical geeks and technology R&D enthusiasts to create... because most of us Ordinary people can only participate in the currency (digital assets) in the blockchain.

Why is it that the later the bull market comes, the better?

First, because of the popularity of blockchains, there are still many fake projects and exchanges for the purpose of circled money. Only the bear market bears longer, it will be difficult to survive.

Second, in the bear market adversity, we can still hold our dreams, and the team that is practical and innovative in making products will be stronger and more resistant to risks. This is a lot of rational, and investors who value value investing are optimistic.

Third, the longer the bear market is, the more time it takes for the average person to learn, in order to give everyone the opportunity to hoard high-quality potential currency.

Qian Haitao said that "the accumulation of wealth in life depends on Kangbo." It means that the accumulation of wealth in life cannot depend solely on wage income, but on the correct investment in assets. Everyone's wealth accumulation must not be thought to be self-fulfilling. The essence of personal wealth accumulation is entirely derived from the opportunity given by the economic cycle movement.

People who are active in the bear market earn money from people who are active in the bull market. Normally running projects will not develop because of the bear market, and long-term value will not be stagnant because of the bear market. The fluctuations in the market are not the value, the human heart, but the human nature. Keep your heart quiet and cross a few bulls and bears, everyone will grow and change.

At the moment, for ordinary people who want to counterattack, the bull market will come as soon as possible.

Finally, I shared a paragraph from Mo Hailin’s founder, Qian Haitao: “I firmly believe that cryptocurrencies will change the world, replace the stock market, most currencies, and pay for machine-to-machine, Internet of Things, streaming media, and forecasting the market. Power, governance systems, voting systems, and even everything on the Internet. Having said that, cryptocurrencies still have a long way to go, and most of these areas are still at a very early stage."