The commercial value and risk aversion of the block chain
- 2018-03-26 11:45
- Block chain risk averse the commercial value of the Internet bitcoin economy
What is the most popular concept recently? There is no doubt that the "block chain". Eat a meal, and five tables with four tables are talking to you about the chaining.
However, most people on the block chain "curious, even envious, mostly in the stage of Meng read without thorough understanding.
Xiao Bian recently concentrated on the study, and also consulted a few circle of people, limited to personal understanding, to share the information with you.
An unanticipated revolution
In the beginning of 2018, the block chain has become the first "tuyere", of course, with a quotation mark.
"Twenty years later, people will talk about bitcoin like the Internet today, and 100% of the transactions will be done on the block chain."
Similar optimism is spread and popular in the investment world like a virus, creating an unanticipated carnival.
Even some people say, "block chain is the Ninth Wonder of the world". There is no technology like a block chain that will bring such a vast possibility to the changes of the future society.
The capital market is clearly unwilling to remain out of the limelight.
The U.S. stock market, Kodak many years before the film maker, before Kodak announced the release of currency, since 2018 rose 245.16%; shares thunder, ninth city, renren.com, net online also because it involves the block chain business and rose.
The Hong Kong stock market and even a dumbfounding news: a company named "Ping tea" the company announced renamed the blockchain group, A shares in the block chain concept speculation in the background, unexpectedly also rose 23%.
However, the Sturm und Drang capital feast, not Weakness lends wings to rumours.
According to the block chain utility road map issued by McKinsey, 2017-2020 years will be the forming stage of the block chain technology infrastructure. At present, the major investment banks and science and technology companies in the world have accelerated their distribution in the block chain.
The mainstream view is that the core of the block chain economy is not the technology, but the reconfiguration of the commercial logic.
Therefore, this is not only a technological revolution, but also a cognitive revolution.
Block chains are not new concepts
The concept of block chain (Blockchain) can be traced back to the end of 2008. A mysterious paper named "Zhong Ben cong" was published in the forum "bitcoin: a point to point e-cash system". For the first time, the concept of block chain was put forward.
In January 3, 2009, the first block of the block chain was born, which was called the "Founding block".
Almost with the birth of block chain technology, bitcoin became the first thing to play its role. After several years, bitcoin became popular all over the world. In 2017, its crazy market made the technology of block chain known to everyone.
The nature of the block chain: each person is a "database"
The block chain is essentially a distributed public account that connects each block into a chain.
We can define it as a system, it allows a group of interconnected computer security to jointly maintain a book, each computer is a database (server), without third party server.
Therefore, block chain is not a specific software, just like the meaning of the three words of database, it is a design idea of a specific technology.
Just like the relationship between TCP/IP protocol and ordinary people, ordinary people do not need to know what the TCP/IP protocol is at the bottom of the Internet, as long as they enjoy the services provided by the Internet.
The ordinary people and the block chain have little to do with it, unless they are ready to start a business in this area.
3 characteristics of block chain
Compared to the traditional centralization scheme, the block chain technology has the following three characteristics:
The core idea of # blockchain is to the center
In block chain system, the rights and obligations between any nodes are all equal. All nodes have the ability to vote with computing power, so that the result of recognition is recognized by over half of the nodes.
Even if subjected to serious hacker attacks, as long as the number of nodes controlled by hackers is less than half of the total number of global nodes, the system will still operate normally, and the data will not be tampered with.
The subversion of the # block chain is the largest credit establishment
In theory, the blockchain technology allows WeChat and Alipay are no longer the value of payment. The economist makes an image of the block chain: simply, it is "a machine for creating trust".
Block chains enable people to cooperate with each other without mutual trust and neutral central institutions. It is not necessary to combat counterfeit money and financial fraud in the future.
# blockchain group can reduce the cost of maintenance
In the central network system, the maintenance and operation of the system depends on the operation and operation of the data center and other platforms, and the cost can not be omitted.
Nodes of a block chain can be participated by anyone. Each node is involved in recording while validating the correctness of other nodes' record results, improving maintenance efficiency and reducing cost.
In a word, the block chain touches money, trust and power, the fundamental basis for which human beings depend on their survival.
Its development has gone through 3 stages
1. brewing period: 2009-2012 years, the economic form is dominated by bitcoin and its industrial ecology.
The 2. is budding: the period is 2012-2015 years. With the bitcoin entering the public view, the new wallet payment and remittance companies appear, and the block chain economy spreads to the financial field. The technology innovation of the block chain is continuous. Block chain technology is stripped from the bitcoin system.
3. development period: in 2016, we began to explore the application of industry, and there were a large number of block chain start-ups. The heat of ICO in 2017 made the block chain receive unprecedented attention.
"Block chain 2 era" is coming
The application service layer is the driving force of the continuous development of block chain, which is divided into 1, 2, and 3 three stages.
# programmable currency: 1 application block chain
Programmable currency, a digital currency represented by bitcoin, is not a legal currency of any country or region, nor is it guaranteed by the government authorities.
# programmable block 2: financial chain application
The 2 Application of block chain adds the concept of "intelligent contract" (using program algorithm instead of human execution contract).
This makes block chain expand from the initial monetary system to the registration and transfer of equity, creditor's rights and property rights, transaction and execution of securities and financial contracts, even gambling and anti-counterfeiting.
# programmable Society: block chain 3 application
Block chain is the kernel of the value Internet, which can /confirm/i, measure and store the information and bytes that represent value in each Internet.
It is not only able to record transactions in the financial industry, but to record almost any valuable thing that can be expressed in the form of code. Its application can be extended to any area of demand, and then to the whole society.
At present, block chain applications have begun to surpass bitcoin (block chain 1), enter the block chain 1.5, and transition to the financial sector (block chain 2).
The next 3-5 years, the blockchain may be beyond the financial field, enter the field of social justice, intelligent (block chain 3), including identity authentication and notarization, arbitration, audit, domain name, logistics, medical, mail, visa, voting and other fields, to expand the scope of application to the whole society, the blockchain technology has the potential to become "one of the most bottom protocol of Internet of everything".
Inferiority of block chain
In fact, as a new technology, block chain is of course value, but it also shows some disadvantages.
One is the low efficiency of #
The data is written to the block chain, which takes at least ten minutes. All nodes are synchronized with the data, and more time is needed.
Nabite coins for example, the validity of the transaction the current generated by the network transmission effect, about 10 minutes of time do bitcoin transactions each time, 6 times an hour to confirm it. Therefore, the transaction data of the block chain is delayed.
In an exclusive interview at the beginning of 2016, Zhou Xiaochuan, the governor of the central bank, said that so far, there are too many resources in the block chain. Whether it is computing resources or storage resources, it cannot cope with the scale of transactions.
The second is the problem of energy consumption #
The generation of blocks requires innumerable nonsense calculations by miners, which is very energy consuming.
Forecast a British power information network POWER-COMPARE provided, in accordance with the current bitcoin mining and trading power consumption growth rate, to 2020 bitcoin consumption will be with the current global consumption level.
The third is # privacy protection
In the block chain public chain, each participant is able to get a complete data backup, and all transaction data are open and transparent.
If you want to know the accounts and trading information of some business organizations, you can know all of his wealth, such as important assets and business secrets, and so on, and it is difficult to guarantee privacy.
The fourth is # game problem
The central and autonomous characteristics of the block chain have desalinated the concept of state supervision.
In the case of regulatory failure, some market profit and other characteristics will lead to the application of block chain technology to the illegal area, providing a sanctuary for the black industry.
Five big pits in the investment block chain
The investment in the blockchain Road, you will meet five pit, stepped on every pit are likely to make you lose everything. Xiao Bian feels that it is necessary to reduce the temperature, and we encourage new things, but we also hope that we can treat them rationally.
# first pit: indiscriminately ICO
The bull market period, all the monsters and freaks of all descriptions you Changba me play. Everyone knows that the people who launch the ICO see the Quan (Qian) method.
Therefore, how the project progress is not important, whether the actual application value is not important, and marketing hype is the most important.
[guide to the pit]
1, do not speak, do not vote
For the two level market (exchange), the short line and the long line can be done. For the first level market (ICO), I insist on taking the long line. once you decide to hold for a long time, you will have different views on a project. If you can't understand this project and don't want to hold it for more than a year, don't take part in it.
2. Do not worry, the play is behind
Now the block chain investment market is very like the Internet bubble in 1999. Besides Amazon, Google, Facebook, domestic BAT and other excellent Internet companies, they only appeared after the bubble.
When the ICO bubble burst, a truly valuable block chain project will gradually emerge. In order to seize the future block chain, unicorn enterprises or organizations, we should save more bullets for ourselves.
# second: buy what money pit
As long as the currency rises, I will buy which, this is the mentality of the vast majority of participants in the block chain investment market.
So, which currency began to rise, and it rushed to buy it, which currency fell down, and quickly tossed up another rising currency. What's the use of these currencies? Who cares?
[guide to the pit]
1. Don't buy it if you don't understand it
What's behind the tokens? What is the problem that can be solved by the block chain for this project? What is the role of tokens in the block chain system... You need to look at a variety of factors to get a general understanding of the value of a token.
If you don't want to go deep into it before buying a token, your investment or speculation is purely dependent on luck. But who can always be lucky?
2. Buy only digital tokens with real block chain application support
Because of the characteristics of the block chain market, valuable digital tokens will also rise and fall. However, the value of the currency will fall back, the high quality project long line holds, and the value of the token will become more and more. And the vast majority of the garbage, only one high tide, then gradually return to zero.
# third pit: enter copycat exchange
For investors, the exchange risk is mainly in three aspects: the exchange of stolen coins (or embezzlement); the exchange volume of money exchange their Kongpan run away.
This is not to accuse any futures exchange of cheating, but to present a fact that they are not able to prove their fairness at present. Now there is a loophole in the futures exchange mechanism, that is, they have the opportunity to cheat without cost and trace.
[guide to the pit]
The centralization of the exchange, no matter how well done, can not be self proof.
For investors, we can only choose the first line exchanges that are reliable at the present stage. Although the BTS has been used in the centralization of exchanges, it feels a bit complicated to use. It is expected that there will be more reliable and centralization exchanges in the future.
# fourth pit: listen to the "brick house"
Most people have no self-study ability, there is always a large group of small sheep which are pointed out, the bull market is always rich in all kinds of brick home, the reason is this.
The investors who just entered the field were not allowed to get the IQ tax, and the loss of hundreds of circle fees was a trivial matter. After that, they were instilled in toxic ideas and then really missed the major events.
[guide to the pit]
1. Learning professional knowledge
Even if the current block chain investment market is mostly "scrambled air", you also have to exercise the ability to identify yourself in this chaotic market. only understanding the underlying expertise can enable you to identify valuable information, ideas, and projects.
2. Judge a person with a longer period of time
Why is the IQ tax so good? Because many people's beliefs come quickly. If you can take a person as a God in a week, think of yourself as a fool.
A long period of time to judge a person will save you a lot of IQ taxes.
3. Whenever you make a decision, make a decision
Other people's information and advice are only a reference. They can make decisions after their own discrimination and thinking. Always waiting for someone to tell you how to invest, which is different from the manipulated puppet.
Investors do not learn to think, and can only be reused.
# fifth pit: emotional control
1, chase sell
The investment is to buy low and sell high, but in reality, most people will only chase sell. At the moment you will always be set, the market control mood, once the mood is manipulated, you will be more tempted a stare, stare to frequent transactions, a transaction may have plummeted or ta.
2, complain every day
Many people believe that this is a casino, but do not want to admit defeat. The rise is a joy and a fall, and a complaint and a curse. In the face of market fluctuations, many people are reduced to emotional slaves.
[guide to the pit]
1. Regard investment as a practice
Don't be controlled by the mood. It's easy to say it is difficult to do. It's a long process of practice. Follow the footsteps of masters such as Charlie Munger, constantly learning and interdisciplinary knowledge, grasp the pluralistic thinking model, to enhance their mental capacity.
2. Focus on work or life
When you want to stare or complain, ask yourself: is the stare and complaints about the market? Will you double your earnings? Will your personal ability be enhanced? The answer is no, and in that case, a word from Al Pacino in the godfather tells himself that we don't do it without any use.
epilogue
Finally, there are some problems that must be made clear.
First, the blockchain is neither mysterious nor mysterious, now is still in the initial stage of the primary, the underlying technology important without breaking completely, there are still limitations very much. It is undeniable that, at this stage, the problem of block chain is more than the advantage.
Second, every rational person will remain pessimistic attitude of moderation, do not casually "jump off" in the future, so this article about the future inferences, please automatically add "if", "may", "hypothesis"... These words.
Overall, the current block chain technology is still in its infancy, many projects have not yet been born, like a baby, not unrealistic pursuit or Bangsha, was not all unconfirmed speculation and labeling.
only on the premise of respecting the law of growth, we can make it mature gradually by step by step cultivation.
Technology is neutral, but deciding the direction and outcome of technology is still human nature, and how the future development of block chain and digital currency depends on the value and civilization level of manipulators.
Source: digital energy chain