Blockchain: The bubble is fierce but not hard, where is the road?

Many people say that 2017 is the first year of blockchain and encrypted digital currency, because for them, for the first time in 2017, they participated in the new game of encrypted digital currency. Although the Chinese government severely cracked down on illegal use of ICO in September, despite a large-scale fall in the entire market before Christmas, 2017 is a return for most people who "go to the sea" during the year. A good year: the entire encrypted digital currency market has soared from about $10 billion to around $500 billion. Bitcoin prices have more than 13 times, and Ethereum prices have risen more than 60 times. Hundreds of times or even thousands of times of "cottage coins", all kinds of stories of overnight riches, various companies and projects with blockchain flags, various legends and paragraphs related to encrypted digital currency, become this "district" The shining foot of the "chain year".

At the beginning of 2018, among the active technology entrepreneurs, the "wonderful situation" of everyone talks about the chain and the family's coins has been formed. However, as long as there is still a bit of calm in our minds, it should be noted that all the enthusiasm in the market is concentrated on the hype of encrypted digital currency, and the industrial application of blockchain can be said to be lacking, even embarrassing. Common sense tells us that the current price of cryptocurrency and the hot market are extremely weak, which is like the first .COM bubble 2000 years ago.

So, what kind of curve will the blockchain and encrypted digital currency draw in 2018? Will there be a global bubble burst? Where is the real application scenario of the blockchain? What kind of blockchain project can finally be completed? Where is the correct route to the blockchain? All of these issues require us to have a clear understanding of the blockchain 2017.

The bubble is fierce but not hard

In 2016, we generally believe that the application of the blockchain will make substantial progress in 2017. On this basis, those cryptographic numerical currencies with practical value will be recognized by the market, and the price will be able to achieve considerable growth.

But the crazy rise in the crypto-valued currency market in 2017 is beyond all of our previous wild ideas. Through the pre-enrichment myth, attracting a large number of new players into the market. Through the rapid development of speculation, trading and ICO industry chain, it has brought a high liquidity premium, the entry of institutional investors and mainstream financial institutions, and the “money” image of encrypted numerical currency brings new value-added models such as bifurcation. , achieved a crazy rise in the encrypted numerical currency market.

In 2017, the development of the entire blockchain application was slow, even before the market broke out. Most of the encrypted digital currency (including Bitcoin) was of low value, and the use value and price deviation often appeared in the market. . The technology and business talents of the blockchain are extremely scarce, and they cannot support so many projects. Most of the projects are not supported by industry resources. Many projects are in a gray area. Most participants have no ability to understand the blockchain and their investment. s project.

No one knew that it was a bubble before the bubble burst, or everyone was reluctant to admit it. The real interest in attracting blockchain to more people is the skyrocketing bitcoin at the end of the year. When the bubble develops fast enough, it will attract the attention of the whole society and promote the development of an industry. Many people think that the bubble doesn't matter. It's not too late to make money after making money. This is not unreasonable in the Internet era. However, from the perspective of the overall market, we believe that the bubble is relatively large. There are too many people to issue ICO. From an empirical point of view, most projects are of little value. At present, the situation of "hundreds of hundred coins" is definitely a big bubble.

The real danger of the bubble can only be manifested when it is shattered. The big baptism of the blockchain is brewing. The technological wave after the bubble will truly exert the great power of the blockchain. The short-selling strengths and weaknesses in the encrypted digital currency market are very obvious. We believe that a fierce bubble burst is necessary for the healthy development of the blockchain. The biggest significance is to eliminate a batch of unqualified practitioners and make the blockchain. Go back to the application-oriented road. But before the bubble bursts, prices may rise to a stunned height.

Where is the block link?

In contrast to purely encrypted digital currency speculators (coin circles), the paintings of the chain are fast. Although the numerical currency market is now encrypted with “hundreds of coins”, historical experience shows that this basic technology of blockchain will eventually form a convergence trend. Most of the chains may not exist in the next few years, but there may be several chains that will survive like today's Windows, Linux, and TCP/IP. The final pattern must be like this.

I don't know why, now everyone is doing blockchain application and forgetting it. I think the blockchain can do anything. Just like when the .COM came out, the website was able to do it, the website was also able to do it, and finally found that only the social network, e-commerce, and the only remaining forms survived. The application of the blockchain core is the value network, which is the value of the flow, rather than other Internet information networks, which is completely different from the traditional Internet information flow mode. It will not kill the current Internet and become a new Internet, just like .COM.

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