Moore Academy - cryptocurrency is irreversible, BTC will not disappear, but there is still a long way to go
MOL Moore Chain Academy: Some people say that the blockchain is actually a subversion of the Internet. We know that the Internet is a kind of World Wide Web. It is a subversion of the traditional economy. The Internet tide from 2000 to the present has changed all aspects of social life. Now all our wealth and all social relationships are stored on mobile phones. .
What is the change in the blockchain? The first is the consensus of wealth. The public's perception of wealth is not just the currency issued by the government. It is wealth. The daily work of each of us, the accumulated credit is wealth. Everyone said that the United States is a credit society. This is the truth.
Regarding digital currency, most people are currently in the stage of Bitcoin and Nakamoto. There are many opinions that “bitcoin is a typical use of blockchain”, and confusing digital currency with blockchain makes it even more misleading. The learning and thinking of the person does not know how to establish the basic logic of faith.
Qian Haitao, the founder of Moore Chain MOL, briefly explained the origin of digital currency and helped fans understand why digital currency is generated, what changes have occurred in digital currency, where it will go in the future, and some exploration and thinking of blockchain.
The birth of digital currency is not an independent event. The origin is that the US dollar has left the gold standard. In 1971, when the US President Nixon era abandoned the gold standard, the US dollar completed the evolution from the Bretton system to the gold standard system to the US dollar. In fact, to some extent, BTC is like a modified version of the decentralized US dollar. This change has triggered the uneasiness of global economists, which means that money can freely levy and plunder wealth. Today, this fact is proved to be correct, and the US dollar has indeed plundered global wealth.
In 1976, the Austrian scientist Hayek proposed the theory of "free market economics" and proposed the concept of private banks issuing competable currencies. This is the prototype of "free currency" including bitcoin! Also in 1976, Whitfield Diffie (formerly chief security officer at Sun) and Martin Hellman (professor at Stanford University), the Diffie-Hellman algorithm they invented was a secret key exchange method, and other algorithms were needed to exchange the keys. Encrypt and decrypt. This algorithm is the foundation of today's Internet security. Their achievement is to tell the world that asymmetric encryption and public key encryption are feasible. The two independent things that took place in 1976 were the most important cornerstone for the development of digital currency.
In the period from 1976 to 2018, there have been many important innovations to promote the development of digital currency. The technical inventions and creations are not listed one by one, and the key points can help to understand.
Key point 1: The originator of the cryptocurrency is not Satoshi Nakamoto, but David Johm. In 1982, according to him, he invented the untrackable cryptography network payment system, and this is the bitcoin today. Old ancestors.
Key point 2: The first cryptocurrency is not the BTC, but the Ecash invented by David Jom in 1992. Of course, Satoshi Nakamoto dismissed Ecash and believed that it relied on centralized credit support.
Focus 4: The distributed system supporting BTC was created by Leslie Lambert in 1985, extending the Byzantine general problem to the computing field and trying to build a fault-tolerant distributed system.
Focus 4: Nakamoto's most successful invention POW workload proves not original, but refers to Huck Finney's 2005 Reusable Proofs of Work (RPOW) as the female parent.
Key Five: It is not today's currency circle and chain circle that promotes the research and development of digital currency. Instead, in 1992, Timothy Mei established "password punk", and Nakamoto was only a member of the password punk mailing list.
Due to space limitations, there is no longer too much splicing of the historical context. After that, the BTCs are all in the encyclopedia. The key point is the summary of the key points: not the currency is called digital currency. At present, only BTC, ETH, MOL, etc. are based on the actual application of the blockchain. That's it.
Digital currency has two distinctive features, against hegemony and free currency, all technologies are protected from the rights of value holders are not forcibly violated! BTC is a master of these technologies, and Bitcoin technology has inspired today's blockchain technology wave.
In the words of Qian Haitao, the founder of Moore Chain MOL, “The blockchain should make the Internet a genius, an open network of merits. Based on the atomic physics world, the government maintains order, and reasonable humans have proliferated. Living infrastructure, 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 Bitcoin and Moore are all focused on digital assets that most require blockchain technology."
Digital currency is not an accidental invention of the development of IT technology, but a great innovation based on the economics of hegemonism, or the exploration of human higher civilization, because human civilization has developed to today, from tribes, clans, countries. International... Whether it is global economic integration or the concept of global villages, we are moving towards Xi’s “community of human destiny”, which means that the global highly coordinated development has become a general trend, and the currency itself is also to strengthen the free circulation of the market, but After the Second World War, the US-led hegemonic interest group used the US dollar to plunder and control the global economic development. Even the centralized organization that promoted universality and freedom in the United States was not reliable. Distributed synergy became the new organizational relationship for the realization of the global village. From Hayek's free market economics to today's BTC, ETH, MOL, etc., it is widely recognized, and it also illustrates the inevitable choice of trends.
The digital currency is irreversible, and the BTC will not disappear. As the mother of the digital currency that has done the best in "control against hegemony and guarantee free circulation", the global consensus is wide enough, which is the future of the human destiny community and the global economic integration. The important foundation! And the value of BTC mapping, from a global perspective, not only has no bubble, but the proportion is still very small! As for the efficiency issue, it is based on the foundation of finance, the altcoin and TOKEN are concerned about! There is also the security problem of quantum computing attacks. Since ancient spears and shields are alternate games, don't worry!
Recently, many people are expecting the arrival of the bull market in 19 years, and a wave of 2020. People in the whole industry understand that as long as they are in the past, they are "the winner is the king." Qian Haitao personally believes that if this bear market is going to be 2022? Maybe not two years, maybe four years? How have you lived in these four years? Qian Haitao believes that entrepreneurs engaged in blockchain business must have clear judgment, although this is the worst time and the best time. However, it is necessary to prepare for a protracted war. It is not easy to fight in a protracted war. More than 95% of enterprises in the industry will die. All walks of life are facing a large number of user losses, declining daily life, reduced orders and a sharp drop in trading volume. In the coming years, it is very difficult to be embarrassed. How to live, how to live, how to combine their own advantages, how to open up new markets, how to make yourself "winner is king" is the time to truly test the entrepreneur's ability.
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."