The highest-level report in the blockchain industry, a big advertisement for Bitcoin

1. The Politburo collectively learns blockchain technology

On the afternoon of October 24, the Political Bureau of the Central Committee of the Communist Party of China conducted the eighteenth collective study on the development status and trends of blockchain technology. When presiding over the study, Xi Jinping emphasized that the integrated application of blockchain technology plays an important role in new technological innovation and industrial transformation.

We must take the blockchain as an important breakthrough for independent innovation of core technologies, clarify the main direction of attack, increase investment, focus on overcoming a number of key core technologies, and accelerate the development of blockchain technology and industrial innovation. It was reported in detail on the news broadcast that night.

2. The great significance of learning from the Politburo

General Secretary Xi Jinping seldom elaborates on a specific technology. In the past, he specifically elaborated on specific technologies and studied collectively in the Political Bureau of the Central Committee of the Internet and artificial intelligence. This collective learning of the blockchain means that the blockchain has at least been raised to the same level as the Internet and artificial intelligence.

This is a decisive turning point in the development of China's blockchain industry. And this day will be the starting point of a series of great changes in the future.

Starting from this day, since 2017, the haze and confusion that have been shrouded in the development of China's blockchain industry will also be cleared away.

3. Content covered by the general secretary's speech

General Secretary Xi Jinping's speech covers a wide range of information, generally speaking, there are four main aspects:

One is to emphasize that my country has a good foundation in the blockchain field, and it is necessary to accelerate industrial innovation and development and actively promote the integration and development of technology and economy and society.

The second is to emphasize the need to strengthen scientific and technological research, improve innovation capabilities, and use blockchain as an important breakthrough for independent innovation of core technologies.

The third is to emphasize that blockchain technology should be integrated with other information industries to improve people's livelihood and empower entities.

The fourth is to emphasize the importance of supervision and establish a safety guarantee mechanism.

4. Advantages for ordinary investors

The general secretary's speech gave a comprehensive guidance and development direction for this industry. Some of these are formulated for government policies, and some are directly beneficial to information industry giants (for example, industry giants that have accumulated and followed up on blockchain technology such as Ali, Tencent, and Huawei, etc.), and some are directly beneficial Our ordinary investors.

I have excerpted from General Secretary Xi Jinping’s speech the information most closely related to our ordinary investors to share with you:

1) "my country has a good foundation in the field of blockchain, and it is necessary to accelerate the development of blockchain technology and industrial innovation, and actively promote the integration of blockchain and economic and social development."

In my opinion, the saying "our country has a good foundation in the blockchain field" is not only an understanding of my country's advantages in the information industry foundation and talent foundation, but more importantly, it is an acknowledgment that my country has already established a solid foundation in the blockchain industry. Some good foundations and important advantages.

So what are the good foundations and important advantages that our country has in the blockchain industry? Almost everyone in the circle knows that it is in three aspects: one is the digital currency exchange, the other is the production and research and development of bitcoin mining machines, and the third is bitcoin mining.

Among the digital currency exchanges, Binance is one of the world's leading exchanges. In the field of Bitcoin mining machines, my country's three major mining machine manufacturers Bitmain, Canaan and Ebang International monopolize 90% of the world's mining machines. In bitcoin mining, 70% of the world's bitcoin mining is in our country.

But in these three fields, especially mining machines and mining farms, they have actually brought quite a lot of positive effects to my country's industrial chain and local economies.

The research and development, production and sales of Bitcoin mining machines have a complete upstream and downstream industrial chain in my country, and many companies are deeply involved in it.

Most of the Bitcoin mines are located in remote areas, where the local industry is backward but the power resources are abundant, so mining actually contributes a lot to local taxation.

I believe

I believeAfter that, the development of these three areas will undergo dramatic changes. Among them, mining machines and mining farms will usher in great changes the soonest due to their close connection with many enterprises and local economies. The attitudes and policies of governments in these two areas will gradually change from semi-suppression and restrictions to positive support.

As for exchanges, I think the policy will gradually shift. In his speech, the general secretary mentioned that "the application of blockchain technology has been extended to many fields such as digital finance, Internet of Things, intelligent manufacturing, supply chain management, and digital asset transactions."

This shows that officials have recognized the existence of digital asset transactions and compared this field with officially recognized digital finance, Internet of Things and other fields. Therefore, the opening and "recruitment" of the exchange is a matter of time, and it will not be too long.

2) "Xi Jinping emphasized that it is necessary to strengthen basic research, enhance original innovation capabilities, and strive to make my country at the forefront of theory in the emerging field of blockchain, occupy the commanding heights of innovation, and gain new advantages in the industry."

my country's current technology in the field of blockchain in the world is the mining machine chip technology, and chip research and development itself is an area of ​​key support in my country, so I believe that my country's development in the field of mining machine production will further consolidate its position and even be possible New startups appear.

There is another field in our country that few people are aware of, but it also has great potential and may occupy a global advantage in the future, that is, IPFS/Filecoin mining.

According to Filecoin's development network data, the nodes participating in mining in my country account for more than 50% of the global nodes, and in the multiple rounds of tests on the development network, Chinese companies have always occupied the leading position. Although the Filecoin mainnet has not yet been launched, I am optimistic that Chinese companies will still take the lead in this field after the mainnet is launched, and may even be far ahead.

Once Chinese enterprises establish a head advantage in this field, it is very likely that they will also receive national policy support and support in the future.

So how will these two points benefit us ordinary investors? I think there are the following aspects:

1）The further development of mining machines and mines will make the computing power of Bitcoin grow more rapidly, and the cost of miners will further increase. The bottom support of BTC will inevitably further increase the price of the currency, which will undoubtedly benefit the currency price in the long run.

What's interesting is that in the article I analyzed the plunge two days ago, I believed that if there is no major event to reverse the atmosphere of the entire market in the short term, the sluggish market will continue to maintain.

However, as soon as the news came out, digital currencies rose across the board. As of writing, the price of BTC has risen to $9,500, a full increase of nearly 30% from $7,500 in the previous two days.

2）It will be a matter of time before the exchange is gradually loosened. Once the trading of digital currency is gradually liberalized, new business opportunities and derivative opportunities will be created around digital currency trading in China. At the same time, it will also drive more OTC funds to enter the market, helping The development of the market will undoubtedly be of great benefit to both entrepreneurs and investors.

3）IPFS+Filecoin will be launched soon, and this will also be a new field where ordinary investors have the opportunity to participate. Stimulated by this news, more investors will pay attention to this field, but it should be noted that there are opportunities in this field, and at the same time, risks must be identified.

In short, this day will be recorded in the annals of history and will open a new chapter in the development of the blockchain industry in my country!