Fearless of a sharp drop, going against the market, the super public chain will exceed the market value of 10 trillion US dollars
This article is about 2656 words, reading the full article takes about 4 minutes
Adhere to value investment, adhere to high-quality currencies, the sharp drop is actually not that uncomfortable, but it is a good thing.
Adhere to value investment, adhere to high-quality currencies, the sharp drop is actually not that uncomfortable, but it is a good thing.
The day before yesterday, a friend of Odaily made an investment by referring to Xiaojiali’s article. On the one hand, Xiaojiali was happy that the article was read; It's just a waste of money.
Pepper Blockchain (WeChat: XLJBC888) has no interest relationship with the enterprises and project parties mentioned in the article. Humans are a species that make mistakes. Pepper Blockchain cannot guarantee the authenticity of the quoted materials, accurate expression, and correct views. Therefore, please participate in the market according to your own rationality, ability circle, and economic conditions.You see, as soon as I finished speaking, everyone started to lose money.
In the past two days, the market has suddenly cooled down, and mainstream currencies have plummeted. Many friends have come to ask: "What is the reason for Fatty's sharp drop? How much will it fall? Which price is suitable for bottom hunting?"
Fatty also wants to know the answers to these questions, but who can be 100% on the rhythm, 100% accurate prediction?
I went through a lot of WeChat groups, and everyone discussed it very lively. Some brothers said that large institutions report data to customers every month, and funds need to be sorted out before the end of the month; I don't even believe that when the four-year bull market carnival will really start...
In fact, there is no need to be so restless, the blockchain is a great opportunity that has not been seen in a century. Adhere to value investment, adhere to high-quality currencies, the sharp drop is actually not that uncomfortable, but it is a good thing.
Warren Buffett said: "This period of time is an excellent period for investors, because the atmosphere of panic is their best friend... Major opportunities are rare. When you drop gold that day, you have to take a big bucket instead of a thimble. catch."
Having said that, even if it reappeared on March 12 last year, it still takes confidence to pick up the big bucket, and it needs a deep understanding of the blockchain, otherwise, ordinary people can't do it at all. For this reason, Fatty will share his bottom-level thinking about the blockchain with the old buddies today, and help the old buddies recharge their beliefsThe figure above shows that Bitcoin is currently very congested, with a large number of transactions waiting to be packaged into blocks; the congestion in Ethereum is a bit better, and the gas fee has also soared above 1000Gwei, daily.
In 2015, The Economist published an article stating that the blockchain is a machine of trust. Since then, the entire industry has developed over a period of 6 years, and trust machines have a richer explanation.
Fatty believes that the credit model built by the human system in traditional society has a problem of high marginal cost, but the emergence of the blockchain breaks this point, especially the blockchain smart contract platform reduces credit costs, making the construction of credit applications less difficult. No more trouble.
It can be seen from the hot DEFI last summer that a small team can release amazing productivity by reducing credit costs.
Some time ago, an article reported that 11 Uniswap employees had created a governance token market value of 5 billion US dollars. If you count the equity value of the company behind Uniswap, the value will be even greater. There is also MakerDAO, with a small amount of code, as of now, according to deBank data, it has locked up assets worth 6.6 billion US dollars.
To borrow the words of Mr. Deng: "A person who is called a fool has no education and no status. With his own ability, he can not only support himself, but also support ten or twenty hired workers. This is of great significance." It was different ten years ago. Today, those engaged in blockchain development are all high-level intellectuals.
According to the traditional trust paradigm, the above economic phenomenon is completely impossible. For example, the business model of MakerDao is very similar to that of pawnbrokers in financial services. Users use assets or valuables as credit guarantees and lend a certain amount of funds for use.However, traditional pawnshops only serve users in a limited area, and the establishment process is also very complicated. Moreover, users have to bear very high interest on loans. MakerDao has completely subverted the traditional model, with global users, no permission to enter, and low loan interest. The only disadvantage is that it is not yet able to provide a wealth of off-chain valuable "pawn" services like pawn shops.The picture above shows that as of February 23, 2021, the stability fees for mortgage loans on MakerDao are basically below 8%, and the annualized rate of ETH-A is only 4.5%.
At present, blockchain applications cannot achieve rich off-chain scenarios to reach on-chain. An important reason is the technical problems of the basic implementation of the public chain. Therefore, we see that various public chains emerge in the market and compete with each other.
In the past, Ethereum 2.0 and Polkadot Astro Boy web3.0 hit the road, and then there were Solana, Near Protocol, Kadena and other high-performance new stars in the middle road; after that, there were academic public chains Avalanche and Oasis in the bottom road, and NFT track public chains Chains Flow and Wax are wandering in the wild, and a series of domestic public chains such as TRON, QTUM, NEO, etc. are supporting, and then there are a number of exchange public chains such as BSC, Heco, OKchain, Gatechain, etc. The characters of big and small dragons are spitting out dragon flames, ready to overtake.However, will these public chains always exist? What will the market structure look like in the future?
The super public chain was born, with a market value of over 10 trillion US dollars
Ultimately, under the selection mechanism of market competition, users and applications will gradually become centralized and large-scale, and a few super public chain platforms will be born, and its market value will exceed 10 trillion US dollars.
Why do you judge like this?
Why do you judge like this?
First of all, the valuation of 10 trillion US dollars may be a conservative figure. Because traditional Internet giants serving limited regions of the world have a market value of more than 1 trillion US dollars, while the public chain serves global users and carries financial assets of higher value. A new technological paradigm does not even have a 10-fold increase, so it is not a new technological paradigm. Blockchain obviously is!
Secondly, the aggregation effect or composability of the public chain platform will attract various resources like a black hole and reduce the cost of economic transactions.
The best mode of traditional business is to open a store in a place with dense population, complete public facilities, complete laws, good law and order, and full of market vitality. This is how the bustling commercial cities of human beings are born-super-concentration, high-density population and business aggregation.The night view of the Guangdong-Hong Kong-Macao Greater Bay Area shows that the cities are mainly concentrated in the Pearl River Estuary
The same is true for blockchains. Building a blockchain application on the basis of sharing resources such as existing user groups, data, security, and codes will benefit a lot and reduce a lot of costs. This is very important, it allows developers to spend less resources to do more things, and then accelerate the speed of innovation and enhance its composition.
Fatty believes that if the basic construction of Ethereum layer 2 is completed in the next six months, and the problem of composability is also solved, there are really not many opportunities for new public chains in the market. In the era of cloud blockchain, the power of composable rows will be enhanced again without being limited by the size and communication complexity.
The result is that the strong player in the public chain market is Hengqiang, and the second- and third-tier public chains have no chance at all. So the question is, what kind of public chain will become a super platform?
Fatty believes that a public chain with the following four characteristics may win the competition:
1. Sufficient decentralization and security are conducive to the long-term construction of developers;2. Use without permission, inclusiveness, and no restrictions on race, country, region, culture, etc.;3. Scientific community governance, capable of efficiently coordinating various stakeholders and forming a rapid iteration of its own version;4. Applications and applications can be seamlessly connected to each other, and economic efficiency can be improved through composability.
Will it be Ethereum? uncertain. Fatty is also looking for it. Interested friends can join Knowledge Odaily. If there is new information, Fatty will share it in it as soon as possible.
Finally, the fat man would like to quote a sentence from Professor Zhu Jiaming as the end:Welcome to Join Odaily Official Community
