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    {
      "parent_author": "yinxuoge",
      "parent_permlink": "mol-moore-chain-academy-the-currency-circle-under-the-bear-market-is-becoming-a-paradise-for-crazy-gambling-and-fraud",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-yinxuoge-20190326t090117000z",
      "title": "",
      "body": "Congratulations @yinxuoge! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@yinxuoge/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@yinxuoge) and compare to others on the [Steem Ranking](http://steemitboard.com/ranking/index.php?name=yinxuoge)_</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/steem/@steemitboard/3-years-on-steem-happy-birthday-the-distribution-of-commemorative-badges-has-begun\"><img src=\"https://steemitimages.com/64x128/http://u.cubeupload.com/arcange/BG6u6k.png\"></a></td><td><a href=\"https://steemit.com/steem/@steemitboard/3-years-on-steem-happy-birthday-the-distribution-of-commemorative-badges-has-begun\">3 years on Steem - The distribution of commemorative badges has begun!</a></td></tr><tr><td><a href=\"https://steemit.com/steem/@steemitboard/happy-birthday-the-steem-blockchain-is-running-for-3-years\"><img src=\"https://steemitimages.com/64x128/http://u.cubeupload.com/arcange/BG6u6k.png\"></a></td><td><a href=\"https://steemit.com/steem/@steemitboard/happy-birthday-the-steem-blockchain-is-running-for-3-years\">Happy Birthday! The Steem blockchain is running for 3 years.</a></td></tr></table>\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}"
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      "parent_permlink": "mol-moore-chain-academy-the-currency-circle-under-the-bear-market-is-becoming-a-paradise-for-crazy-gambling-and-fraud",
      "author": "partiko",
      "permlink": "partiko-re-yinxuoge-mol-moore-chain-academy-the-currency-circle-under-the-bear-market-is-becoming-a-paradise-for-crazy-gambling-and-fraud-20190118t183042731z",
      "title": "",
      "body": "Thank you so much for sharing this amazing post with us!\n\nHave you heard about Partiko? It’s a really convenient mobile app for Steem! With Partiko, you can easily see what’s going on in the Steem community, make posts and comments (no beneficiary cut forever!), and always stayed connected with your followers via push notification!\n\nPartiko also rewards you with Partiko Points (3000 Partiko Point bonus when you first use it!), and Partiko Points can be converted into Steem tokens. You can earn Partiko Points easily by making posts and comments using Partiko.\n\nWe also noticed that your Steem Power is low. We will be very happy to delegate 15 Steem Power to you once you have made a post using Partiko! With more Steem Power, you can make more posts and comments, and earn more rewards!\n\nIf that all sounds interesting, you can: \n\n- Download Partiko Android at [Google Play](http://bit.ly/2SRFIta)\n- Or Download Partiko iOS on the [App Store](https://apple.co/2PcXkSd)\n\nThank you so much for reading this message!",
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{
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      "parent_permlink": "mol",
      "author": "yinxuoge",
      "permlink": "mol-moore-chain-academy-the-currency-circle-under-the-bear-market-is-becoming-a-paradise-for-crazy-gambling-and-fraud",
      "title": "MOL Moore Chain Academy - the currency circle under the bear market, is becoming a paradise for crazy gambling and fraud",
      "body": "MOL Moore Chain Academy: Today's cryptocurrency field is like the 17th century New York: the population is less than 1,000. The people on the street come from all directions, mixed with each other, and speak more than 18 languages. They only have one purpose here - to make money. It is wild, primitive, grassroots, and at the same time condenses all the greed and shrewdness of the world, and finally bred the financial market. However, the zero-sum game played in the financial market, the winner is always a minority.\n![mol3.jpg](https://cdn.steemitimages.com/DQmcpSKXL13ZVxoHRUHXz8WFCupaM8TVXXKB2HTCmCtckiB/mol3.jpg)\nWith the air bubble bursting in the second half of 2018, in order to survive the winter, the major currency exchanges have launched futures contracts and perpetual contracts, even hundreds of times. On the other hand, there are unwilling gamblers who fantasize that they are on the top of their lives, and the atmosphere of gambling and fraud in the entire currency has risen sharply.\n\nFor example, a \"world's leading Bitcoin, Litecoin, Ethereum trading platform\", the platform provides up to 100 times the perpetual contract leverage, as their agent, as long as it can bring a transaction, can return 77% of the position ( Guest damage), plus 70% of the handling fee. Another well-known exchange, the same on the non-small, top-ranked, daily trading volume of 500 million US dollars, \"the agent can return 75% of the customer damage, 75% of the handling fee.\"\n\nQian Haitao, founder of Moore Chain MOL, believes: \"Under the current bear market, these exchanges do so, making money, layout is simple, and easy to control. As long as the money is on the exchange, there are many ways to trade retail investors. There is no return to the blood. Explosion of the warehouse or restrictions on the withdrawal of coins is a common means, or directly to run the money. However, for these exchanges, the source of the user is a major problem, so there is an agent system, and even gave up Most of the profits are given to agents.\"\n\nQian Haitao said: \"This has nothing to do with the blockchain. It is nothing more than turning the chip into a digital currency. It includes a platform for illegal speculation in silver and foreign exchange. They can't control the price of international foreign exchange, but they can control the software. The price displayed. Moreover, there is no uniform price for encrypted digital currency. It is normal for each exchange to burst and explode, which is different from other market prices.\"\n\nAccording to public data, there are currently more than 10,000 encrypted digital currency exchanges in the world. With the price of the currency falling, the dreams of ten times, hundred times, and ten thousand times of all kinds of leeks are difficult to realize. The trading volume of the whole market is also sharply reduced, and major exchanges are in urgent need of products to go online. Futures contracts and perpetual contracts are becoming a new machine for collecting money on major exchanges, attracting the hearts of all kinds of leeks.\n![mol2.jpg](https://cdn.steemitimages.com/DQmeW9cmcGnuKbb51XRqPgCRFMrch2tUf8V3TjEMMKXF8vS/mol2.jpg)\nWhy are people so keen to use leverage in their lives, especially in economic activities?\n\nThe root of it is a word - fast. By adding leverage, you can artificially change the initial rules of many games. Things that would have taken ten years to complete, if you add extra leverage, hopefully it will be achieved in two years or even a year.\n\nAt the same time, the vast majority of people who have entered the currency circle can't wait for the bull market that is in the foreseeable future. Investors who are stuck in the high position urgently need an effective way to solve the problem as soon as possible.\n\nNot afraid of a small leverage, I am afraid that the leverage is not big enough.\n\nAccording to the definition of financial market, a futures contract is a target or subject matter of futures trading, which is uniformly formulated by the futures exchange, and specifies a standardized contract for the delivery of a certain quantity and quality of goods at a specific time and place. Futures prices are achieved through open auctions.\n\nThe reasonable way to open futures and options is to hold the spot for hedging, and any leveraged behavior means huge risks. Especially the volatility of such a highly volatile asset, in the eyes of many professional investors, the leverage is simply opium plus Shanghai Luo, after the addiction is home to death.\n\nLeverage multiple is the biggest feature, suitable for gamblers to lose the principal at the fastest speed. Four or two thousand futures contracts satisfy the gamblers' greatest desires.\n\nAt present, including the world's top exchanges, they are pushing futures contracts and perpetual contracts, and they have hundreds of times of leverage, draped in blockchain coats to attract investors who are eager for wealth and unclear truth. The entire currency circle is becoming a paradise for crazy gambling and fraud.\n![mol1.jpg](https://cdn.steemitimages.com/DQmSdLhj9DtN3FsevX8f6iwgvssmQ6wa5sQyBx38EVfYDg5/mol1.jpg)\nWhat exactly is the blockchain?\n\nIn 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.\"\n\nFinally, I shared a paragraph from the founder of the Moore Chain MOL, Qian Haitao: \"At present, the blockchain is still in the most wild and primitive stage, but I firmly believe that cryptocurrency will change the world, replace the stock market, most currencies, and Machine-to-machine payments, the Internet of Things, to streaming media, forecasting markets, governance systems, voting systems, and even everything on the Internet. Having said that, cryptocurrencies still have a long way to go. Most of them are still in a very early stage.\"",
      "json_metadata": "{\"tags\":[\"mol\"],\"image\":[\"https://cdn.steemitimages.com/DQmcpSKXL13ZVxoHRUHXz8WFCupaM8TVXXKB2HTCmCtckiB/mol3.jpg\",\"https://cdn.steemitimages.com/DQmeW9cmcGnuKbb51XRqPgCRFMrch2tUf8V3TjEMMKXF8vS/mol2.jpg\",\"https://cdn.steemitimages.com/DQmSdLhj9DtN3FsevX8f6iwgvssmQ6wa5sQyBx38EVfYDg5/mol1.jpg\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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      "parent_author": "",
      "parent_permlink": "mol",
      "author": "yinxuoge",
      "permlink": "what-is-really-lacking-in-the-blockchain-market-is-landing-and-application-not-the-so-called-concept-and-business-model",
      "title": "What is really lacking in the blockchain market is landing and application, not the so-called concept and business model.",
      "body": "MOL Moore Chain Academy: To this day, Bitcoin has been brought out of chaos in the light of the blockchain, and few people have mentioned the old past that was promoted by the Dark Net. However, it is undeniable that there are still a large number of MLM coins that are borrowed from the name of the blockchain.\n\nQian Haitao, the founder of Moore Chain MOL, believes: \"The blockchain shoulders the technical ideals of geeks and is also benefited by the benevolent fishermen.\"\n![mol3.jpg](https://cdn.steemitimages.com/DQmcpSKXL13ZVxoHRUHXz8WFCupaM8TVXXKB2HTCmCtckiB/mol3.jpg)\nAt present, in the early stage of the development of blockchain technology, a circle of idealists and deceived thieves has gradually formed, and speculators have expelled the strange circle of pragmatists. As the winter of the currency circle came, the project side fell, and the bad money drove the good money.\n\nAsia-European currency fraud 4 billion yuan, more than 70,000 people deceived; GCB glory coins involved in the case of hundreds of millions of dollars, sitting hundreds of thousands of registered members; EGD network gold involved in the case of 10.9 billion yuan, registered members as many as 500,000; Wanfu The amount involved is 2 billion yuan, and the registered members are 130,000; the amount of dark money involved is 1.5 billion yuan, and the number of registered members is more than 30,000; the amount of Vikkan involved is 600 million yuan, and the registered members are 1.8 million; , registered members 200,000 people...\n\nThe number of MLM coins currently on the market is far more than the number of exposures.\n\nThe nature of the MLM is not much different from the traditional MLM. The means of pulling people, developing the downline, and issuing physical goods as collateral have been ruined, but investors are still not resistant before such a familiar road.\n\nUnder the poverty and economic weakness, greed and hunger for nowhere to be the biggest hotbed of pyramid money. What about the MLM? In the face of desire, IQ is not needed.\n\nIn this market, in the face of endless temptations, most people do not have the ability to distinguish, this is a profitable investment, or a scam. Under the temptation of greed, MLM has already taken the train on the blockchain.\n\nThe advice of Qian Haitao, the founder of Moore Chain MOL: \"MLM has been like a tiger and a wolf since ancient times.\n\nAlmost everything in the business world needs constant verification to be finalized. The dazzling black technology, the dazzling concept, and the endless stream of business models are just representations. Only those technologies, concepts and business models that can truly reach the specific operational process are truly effective. The new things in the Internet era, such as shared bicycles and Internet finance, have experienced a crisis at the moment of capital ebb and market transformation. This is precisely the point.\n\nQian Haitao, founder of Moore Chain MOL, believes: \"Only those innovations that can really bring about tremendous changes in our lives are meaningful. If only the capital is supreme, we will welcome the joint venture and not think about the needs of users. In the end, all seemingly beautiful concepts will eventually fall into disarray.\"\n![mol2.jpg](https://cdn.steemitimages.com/DQmeW9cmcGnuKbb51XRqPgCRFMrch2tUf8V3TjEMMKXF8vS/mol2.jpg)\nThe same is true for blockchain technology.\n\nWhen blockchain technology was hailed by capital in a relatively private WeChat group, entrepreneurs who were capital-only in the Internet era seemed to see the possibility of taking the next gold mine. So they started to join in and started the sweetness of the blockchain technology.\n\nIndeed, the subversive and anti-internet nature of blockchain technology has opened the door to thinking about the new world, but only relying on the concept of blockchain, rather than exploring it on the ground. Blockchain technology is only Can be regarded as a concept, can not really land on the specific operation.\n\nQian Haitao believes: \"What is really lacking in the blockchain market is landing and application, not the so-called concept and business model.\"\n\n1. The charm of the blockchain comes from landing and application.\n\nThe reason why people realize that the huge development potential of blockchain technology itself is largely derived from digital currency. It is precisely because of the madness and independence of digital currency that we have seen that the blockchain is constructed under the current system into a seemingly independent and efficient system. As a result, people began to think about whether blockchain technology can be applied to other fields besides digital currency, so as to become a similar Internet technology.\n\nThe admiration of capital and the deep involvement of entrepreneurs have allowed blockchain technology, a technology that is not well known, to enter the room in a very short time and enter the vision of almost everyone. When the end of the Internet era was a foregone conclusion, the advent of the blockchain era filled this gap and began its own short and smashing rush.\n\nDespite the blockchain as the starting point, various types of blockchain projects are constantly appearing, but these blockchain projects do not really play out what really makes us look at the actual application. This shows that the subversive nature of the so-called blockchain is only the exaggerated propaganda that wants to use the so-called blockchain vents, and the main driving force that can really drive the blockchain landing is still derived from the blockchain. Technology itself.\n\nWhat is certain is that the future development of blockchain technology is still due to the continuous maturity and improvement of blockchain technology and the resulting changes in landing and application. Putting the blockchain technology to concrete, in fact, can not only change the outside world's understanding of the blockchain, but also find through the landing and application to find more channels of realization of the blockchain in addition to capital.\n![mol4.jpg](https://cdn.steemitimages.com/DQmSBgMe9padkDvS2tWiHG6gFWgj4ri9BoeiemebsBFvpHi/mol4.jpg)\n2. As a basic technology, blockchain is given too much meaning.\n\nAlthough the successful application of the blockchain in digital currency has shown us a great role in decentralization and improving the efficiency of the industry, blockchain technology is only a relatively basic technology, for a new born On the basis of a more basic basis, the most urgent task at the moment is to improve itself, rather than blindly proceed.\n\nThus, the originality of the blockchain technology itself and the capital and market have deviated from its focus. Capital and market pay more attention to the landing and application of blockchain technology. However, with the current status of blockchain technology, there are still many shortcomings in landing and application. At such a moment, our expectations for blockchain can only bring blockchain technology into a relatively narrow field. Let the blockchain technology truly return to the technology itself, in order to find more development possibilities for it in the future.\n\nFor the current blockchain market, the most urgent task is to truly return the blockchain technology to the identity setting of the underlying technology. By equating blockchain technology with new technologies such as big data, cloud computing, and AI, and by connecting them to external industries to find its future development possibilities. Letting the blockchain return from an industry to a technology is undoubtedly a return to the truth. Through this change in understanding, we are likely to find more development possibilities, rather than just let the blockchain technology stay in one On the shackles of the concept, it was unusually pale and powerless when it landed.\n\n3. When the capital is ebb and the industry is deserted, how should the blockchain move forward?\n\nIt is undeniable that the current blockchain technology is experiencing an unprecedented hardship and cold winter. The tide of capital, the stagnation of technology, and the challenges of the external environment are all bringing the blockchain technology to a very difficult situation. At this moment, finding a better development model suitable for blockchain technology becomes the future. The focus of development. So, what is the future of blockchain technology, and where is its development direction?\n![mol1.jpg](https://cdn.steemitimages.com/DQmSdLhj9DtN3FsevX8f6iwgvssmQ6wa5sQyBx38EVfYDg5/mol1.jpg)\nQian Haitao, founder of Moore Chain MOL, believes: \"Technology is paramount, and the blockchain will return to technology itself in the future. Although we know that blockchain is the medium through digital currency, the future blockchain really wants to achieve breakthrough development. Still returning to the technology itself, the blockchain technology is constantly advancing through the continuous evolution of technology. From the development of the current blockchain technology, we can express it with primitive, simple and traditional. Because now Many of the blockchain technologies are derived from digital currencies, and the blockchain technology itself does not have much development.\"\n\nWhen the capital winter is coming, perhaps the best wintering position is crouching. At the time of the crouching, perhaps it is the best time for us to think about the future direction of the blockchain. No matter how many shocking changes that blockchain technology can bring us, we can't forget that blockchain technology itself is a technology. Since technology requires constant iteration and innovation, we will continue to enrich and improve blockchain technology. Find more development possibilities.\n\nIn 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.\"\n\nFinally, 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.\"",
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      "author": "yinxuoge",
      "permlink": "mol-moore-chain-academy-is-the-stable-currency-really-stable-what-is-the-nature-of-the-usdt",
      "title": "MOL Moore Chain Academy - Is the stable currency really stable? What is the nature of the USDT?",
      "body": "MOL Moore Chain Academy: What is a stable currency? Is the stable currency really stable? What is the nature of the USDT? Today, Qian Haitao, the founder of Moore Chain MOL, gives an important analysis to everyone.\n![mol3.jpg](https://cdn.steemitimages.com/DQmcpSKXL13ZVxoHRUHXz8WFCupaM8TVXXKB2HTCmCtckiB/mol3.jpg)\nWhat is the nature of the USDT?\n\nThe USDT is a Tether USD based on the stable value currency US Dollar (USD), 1 USDT = 1 USD, and users can use the USDT and USD for 1:1 exchange at any time.\n\nThe USDT is a special product of a special period. Because of the strict regulatory attitude of the government on digital currencies around the world, legal tenders are no longer able to trade through the exchange's payment channels, so it is necessary to conduct cross-border transactions, offline transactions or find an intermediary to help complete the purchase task, which is very cumbersome. It also discourages a group of investors who want to speculate.\n\nIn order to solve this problem, Tether has adopted a very credible means to gain the trust of all investors, that is, every dollar issued is guaranteed to have one dollar in the bank.\n\nThe biggest purpose of the USDT is to provide a stable price, to provide an excellent intermediary for the \"coin\" transaction, and to implement some functions of the real currency in the world of digital currency.\n\nUnder the influence of the USDT, other fiercely fluctuating virtual coins became \"commodities\". Today's exchanges support the circulation of USDT. The use of USDT also “circumvents” the rules that the original digital currency cannot be directly exchanged with the legal currency, and truly combines the virtual currency with the real financial system.\n\nInterestingly, when the price of digital currency falls sharply, the people who are preparing to enter the market will buy USDT in large quantities, and the over-the-counter premium of USDT will rise.\n\nBut we can't help but ask: USDT price is stable, what is Tether's profit model? Tether promises that USDT holders can exchange the equivalent amount of US dollars after passing the company certification and paying a 5% fee.\n![mol2.jpg](https://cdn.steemitimages.com/DQmeW9cmcGnuKbb51XRqPgCRFMrch2tUf8V3TjEMMKXF8vS/mol2.jpg)\nHowever, the USDT is essentially a digital currency based on a decentralized blockchain issued by a centralized company. Therefore, in a market where decentralization is believed and the nodes are highly autonomous, there is always a different dispute in the centralized USDT. In fact, negative reports about the USDT have been constant.\n\nThe USDT is essentially a $2 billion USDT that supports the industry's $300 billion market capitalization. The leverage ratio is more than 100 times. The USDT's circulation rate is 10 times that of the French currency. This is a mine.\n\nInvestors buy real money, Tether gives virtual currency. In theory, Tether can issue endless USDT. There are currently USD 2 billion USDT on the market. Before the industry, there was a lot of doubts. “Tether really Is there a $2 billion deposit in the bank?” Tether’s official has always claimed that he’s sure to save, but he’s not giving enough evidence.\n\nIn fact, although the “USDT” made a “100% reserve” commitment, there was no substantial contract or document to prove that a USDT equivalent was exchanged for $1. At the same time, there is strong circumstantial evidence that Tether controls the bitcoin market price through over-issued USDT. There has always been a suspicion in the market that \"USDT\" is secretly over-delivering money, and this contradiction has become more intense with the occurrence of a \"theft\" incident.\n\nAlthough the USDT has always claimed to be safe on the technical level, on November 19, 2017, Tether official website announced that the USDT worth more than 30 million US dollars was stolen. But they have marked them all to prevent entry into the circulation market. After Tether was hacked, some users in foreign communities thought that this was just that Tether wanted to take the opportunity to destroy the tokens and erase the part of their private over-issue. Since then, the trust of USDT has been greatly reduced.\n\nAt the same time, some users have reported that it is very difficult to redeem the US dollar with UDST. It will last for a long time, and even after six months of unredeemed, this is a classic Ponzi time difference.\n\nOf course, some people think that all the current doubts are all confessed. There is no problem with the issuance of Tether and USDT. The market has been circulating and there is no systemic risk. At the same time, for Tether, 5% of the handling fee is already a big source of profit. Taking the risk of currency over-issuing is equivalent to moving your own feet. At present, all major exchanges are online USDT, and it is believed that they have undergone rigorous inspection and evaluation.\n![mol1.jpg](https://cdn.steemitimages.com/DQmSdLhj9DtN3FsevX8f6iwgvssmQ6wa5sQyBx38EVfYDg5/mol1.jpg)\nIn addition, according to CCN, Tether has released a “transparency update” indicating that its USDT-linked USDT is fully supported by physical dollars held in two independent banks. The report was published by Freeh, Sporkin & Sullivan LLP (FSS), which was founded by three former federal judges, including the former FBI director.\n\nAlthough not a formal audit, FSS said it has full access to Tether's bank accounts and bills online, and two unpublished employees with Tether Asset Bank can also access it. According to reports, one of the two banks is Noble Bank in Puerto Rico, although neither side has publicly confirmed this.\n\nThe blockchain has been sought after for its decentralization, but at present we are using tokens issued by centralized exchanges and centralized companies as the trading medium. USDT can be accepted by major exchanges and users. Most of the reason is due to regulation, so the current blockchain market is a special period, and USDT is a special product in this special period.\n\nAs blockchain development, regulation, etc. become more mature, we can't help but ask: How long can the tokens in the blockchain market survive as a token issued by a centralized company?\n\nIn 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.\"\n\nFinally, 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.\"",
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      "parent_permlink": "mol",
      "author": "yinxuoge",
      "permlink": "what-will-happen-to-the-blockchain-of-mol-moore-chain-academy-in-2019-understand-this-article-and-understand",
      "title": "What will happen to the blockchain of MOL Moore Chain Academy in 2019? Understand this article and understand",
      "body": "MOL Moore Chain Academy: It is undeniable that Mo Hailin, the founder of Moore Chain MOL, is a very good PR. He constantly promotes his knowledge sharing products in every speech: Moore Chain, Scythe APP. It is also undeniable that Qian Haitao is a very good evangelist who can clarify some blockchain nouns and slang terms with relatively common words and cases. Many people sneered at Qian Haitao's speech, but I think it is very valuable.\n![mol3.jpg](https://cdn.steemitimages.com/DQmcpSKXL13ZVxoHRUHXz8WFCupaM8TVXXKB2HTCmCtckiB/mol3.jpg)\nToday, I tried to use the \"small trend\" and \"non-consensus\" logic of Qian Haitao to talk about the blockchain industry.\n\nFirst, small trend\n\nFirst, it's small, so it's hard to detect. Second, it does not happen in the field I am familiar with. It is rolling through to me through a series of chain reactions.\n\nAs Qian Haitao mentioned, the dividends of the megatrends generally do not fall on the average person, and the investment institutions will take the lead in taking the core checkpoints of the megatrends and playing the game of winners. What is left to the amaranth is only the margins that these investment institutions are not paying attention to. However, these fringe areas are very important, I used to call him \"marginal opportunities.\"\n\nMarginal opportunities are easily overlooked and often exist in interactions with other industries, so to find “marginal opportunities” or “small trends”, cross-border thinking is very important.\n\nIn recent years, the entertainment star pop star \"cross-border\", there have also been many cross-border entertainment programs. Looking at these types of entertainment programs from a traditional point of view, it seems that they are not mainstream, but the truth is that they have produced enormous commercial value. Compared with some core value literature programs of CCTV, these “edge zones” programs seem to be incomprehensible, but their commercial value is often higher.\n\nBecause \"edge opportunities\" and \"small trends\" are too many and too frequent, many people mistakenly think that it is difficult to last long, and no authority has given positive comments at the beginning of it, and even more is doubt and ridicule. . Whether it is the entrepreneur himself or the investor, even if you sometimes catch some “marginal opportunities”, it will often be shaken by external reasons. Therefore, it is difficult to capture small trends, and it is even harder to insist on making small trends bigger. Many \"marginal opportunities\" or \"small trends\" will disappear under the ruthless blow of hats such as \"pseudo-demand\". And more people complain that \"change is too fast,\" or regretfully shouted: \"Oh, missed a big bonus.\"\n\nThe dividends of the small trend are appearing every day. To capture the dividend of the small trend, there are only three things to do: cross-border observation, immediate start, and persistence.\n\nCombined with the blockchain industry, we will find that the blockchain is a big trend, but the real opportunity for ordinary people is the various \"marginal opportunities\" hidden under this megatrend.\n\nLast year, many friends who made media and exhibitions made a lot of money. The best among these companies are the masters of blockchain technology and traditional industries.\n\nSimilar to the currency circle, the currency circle is actually the cross-border of the chain and the capital circle. Whether it is universal, distributed capital or numerous TokenFund, we will eventually find that the winners are cross-border masters and do not understand the district. Investors in blockchain technology will lose very badly. They only understand the blockchain technology, and the refusal of capital operation has basically disappeared.\n\nThere is also a chain change. The successful chain reform must be blockchain technology and cross-border of an industry. If you are familiar with the industry but don't understand the blockchain technology, you can't play the chain. You are familiar with the blockchain technology but don't understand the industry. The plan can not be reached.\n\nEveryone knows that Bitcoin's transaction confirmation time is too long, for 1 hour. This long wait is anxious. Such a long time increases the uncertainty of the transaction; even in Ethereum, the transaction confirmation time needs 10 Minutes or so, compared to Bitcoin, it has been a leap forward. But it seems that this is not enough, everyone is still pursuing a faster way of trading.\n \nIf there is a new technology, the transaction confirmation time can be greatly shortened, the transaction time can be confirmed up to 50 milliseconds, and the transaction cost is also zero. Do you say that you will use it as a blockchain technology? The answer is no doubt.\n\nThe Moore Chain (MOL) is such a new technology.\n\nMoore (MOL) uses a subversive directed acyclic graph (DAG) and blockless design to confirm transactions in as little as 50 milliseconds; its highly scalable concurrent unlimited performance and transaction-free fees Moore (million processing speed per second) naturally becomes the first choice for distributed economy, such as micropayment, lightning payment, high frequency payment, games, and community.\n![mol1.jpg](https://cdn.steemitimages.com/DQmSdLhj9DtN3FsevX8f6iwgvssmQ6wa5sQyBx38EVfYDg5/mol1.jpg)\nSecond, the thinking of the person\n\nWe will find two kinds of people in real life:\n\nOne kind of person likes to talk about the big trend, and he has a big cult in the big trend, and they also like to point to the entrepreneurs who are struggling to explore the “marginal opportunities” or act as “ After the event, Zhuge Liang.\"\n\nThe other kind of person is immersed in the \"marginal opportunity\", trying to make the edge opportunity bigger, then getting the attention of the organization and giving it the mainstream resources, and finally making the edge opportunity into a big industry.\n\nFor the former kind of person, the most favorite thing to do is \"to all\" and \"predict\". For example, they often say that the situation in 2018 is too bad, and there is no hope in 2019. The latter person will say: 2018 is difficult? Which year is not difficult!\n\nFor the former kind of person, they often retreat when they encounter difficulties, and find a bad reason for the big form to make excuses for their weakness. The latter kind of people, they will think: Do you not work hard? will not. In the words of Roman Roland: \"There is only one true heroism in the world, that is, to recognize the truth of life and still love it.\"\n\nTherefore, I respect the people who still persist in the contrarian, no matter how he lives and does it, even if it is \"squatting\", it is also worthy of respect. This is a kind of adherence to faith, adherence to the initial heart, adherence to the small trend, and adherence to the edge opportunity, as long as it is adhered to, it will certainly gain something. This is an era when the left is king.\n\nIn the blockchain industry, there are also two people depicted above. There is one of the simplest ways to distinguish: by the end of 2019, people who are still in this industry, most of whom are people who do things.\n\nThird, rational optimism\n\n1. Qian Haitao compares the opportunity to a shuttle bus and says: The bad news is that each bus stops at a short time and looks like the last bus. The good news is that there is really no last bus, and the car is a little bit more and more dense. In the logic of the small trend, there is no last bus.\n\n2, \"Where you can't kill me, it makes me stronger.\", the attitude of the small trend believers: If I can't catch up, I will be prepared to wait for it in the future.\n\n3. Qian Haitao believes: \"In China, there are at least one hundred million people who don't know about things that are well known. Most of the time, there are ten billion people who don't know.\" This sentence means doing in China. Everything has enough market space for you to ride.\n\n4, Qian Haitao quoted Buffett's words: no one can rely on shorting their own country to succeed. Explain that it is not the right way to make money against the trend in the big environment. It is the right way to develop in sync with the big environment.\n\nQian Haitao believes that the smartest way is to be a rational optimist.\n![mol2.jpg](https://cdn.steemitimages.com/DQmeW9cmcGnuKbb51XRqPgCRFMrch2tUf8V3TjEMMKXF8vS/mol2.jpg)\nFourth, non-consensus\n\n“Non-consensus” refers to the process from being excluded to being recognized, from disengagement to rebuilding consensus.\n\nAt the moment when it was born, any innovation can easily be regarded as a \"heretical heresy\", then become a \"great revolution\" and finally revert to \"normality.\"\n\nIt is very appropriate to use this process to describe the development of bitcoin and blockchain. The birth of Bitcoin was first regarded as a \"heretical heresy\" and was banned by the mainstream countries in the world. Later, with the concept of blockchain, it was regarded as a \"great revolution\" between 2017 and the first half of 2018; The price of the currency plummeted, returned to rationality, and reverted to \"normality.\"\n\nThis process is the \"non-consensus\" process of blockchain technology. But this process is far from over. Because the concept of blockchain is to be established, it is a distributed consensus mechanism. This consensus mechanism will take a long time to be widely accepted.\n\nWithin the blockchain industry, there is also a broad “non-consensus”. For example, around 2014, the POW consensus mechanism was prevalent, and POS was regarded as a heresy. However, the value of POS was gradually accepted until it was regarded as a consensus to change the inefficiency and high energy consumption of POW, so that it became more radical. DPOS. Today, these consensus algorithms have become \"unusual\" things.\n\nWe are now guessing which technology or project will be ignited in the next round of bull market? Will there be another V god? In fact, it is enough to pay attention to the \"non-consensus\" within the industry.\n\nThe next key technological revolution will never appear in areas with broad consensus, she will only appear in a \"non-consensus\" way. She would be like a seed buried deep underground, struggling to penetrate thick soil and appear in front of people. Even if you are fortunate enough to be observed by some people, you will not be valued and will grow lonely. Then, with more and more attention, she began to incur all kinds of suspicions, discussions, and even as a heresy. Until that day, it suddenly became a towering tree, and it was so beautiful that it was worshipped, tribute, imitated, and deified by countless people.\n\nV. Long-termism\n\nQian Haitao mentioned: As long as you can be strong enough to jump out of the trap of time setting and keep the target for a long time, you can become a friend of time. This pattern of behavior is called \"long-termism.\" Only long-termists can become friends of time. Long-termism must not only insist on what you want to do, but also not interrupt what you are doing, but continue to be tempted. Once interrupted, the work is abandoned.\n\nQian Haitao repeatedly stressed that even if the signal of the small trend is weak, as long as it is recognized, long-termism can enlarge it.\n\nFinally, 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.\"",
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      "author": "yinxuoge",
      "permlink": "mol-moore-chain-academy-what-is-the-intrinsic-value-of-cryptocurrency-what-will-happen-to-2019",
      "title": "MOL Moore Chain Academy - What is the intrinsic value of cryptocurrency? What will happen to 2019?",
      "body": "MOL Moore Chain Academy: Moore Chain MOL founder Qian Haitao talked with reporters at coindesk about how the blockchain winter will be spent. At the beginning of 2019, we reviewed the previous one. Pile one piece and start thinking about whether the intrinsic value of the cryptocurrency has changed substantially for investors.\n![mol3.jpg](https://cdn.steemitimages.com/DQmcpSKXL13ZVxoHRUHXz8WFCupaM8TVXXKB2HTCmCtckiB/mol3.jpg)\nWhat is the intrinsic value of cryptocurrency?\n\nQian Haitao, the founder of Moore Chain MOL, believes: \"The blockchain should make the Internet a genius, an open network of merits. Based on the atomic physics world, the government maintains order, and rational humans have already prospered. Real estate, 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 like bit Both Coin and Moore are digital assets that focus exclusively on the blockchain technology most needed.\"\n\nIn addition, the application of blockchain technology in the financial field is also a hot spot of public concern. A year ago, I insisted that encryption technology would change finance. One year later, although the currency market has soared, my thoughts have not changed, but what needs to be added is that I think this change will not happen overnight. needs time.\n\nNow many people compare the bubble of Bitcoin with the bubble when the Internet was just emerging in the 1990s. However, we believe that the asset bubble of cryptocurrency will be much faster than the Internet bubble, which is due to the efficient dissemination of Internet information. Changes in speed and business models.\n\nPost-bubble era\n\nThe plunging of cryptocurrencies has made many people think that it is “not reliable,” but let's compare them horizontally with dot-com. We will find that Nasdaq also reached a peak in 2000, but then the market value evaporated 72. %; the leader in the technology industry - Cisco's market value has also evaporated more than 86%; and the largest online e-commerce company in the United States - Amazon, from the end of 1999 to the end of 2001, its market value evaporated 95%, It fell from $107 to $5.97.\n![mol2.jpg](https://cdn.steemitimages.com/DQmeW9cmcGnuKbb51XRqPgCRFMrch2tUf8V3TjEMMKXF8vS/mol2.jpg)\nTheir similarities not only evaporate most of the market value, but their development after the bubble burst.\n\nThese companies have returned to the peak after the plunge and even created more value. After analyzing the dot-com post, we came to the conclusion that a company must have practical value if it has sustainable value. Sex.\n\nWe need to see the intrinsic value of the encryption circle and the blockchain to create real use cases and value networks. As Qian Haitao, the founder of Moore Chain MOL, said: When we are in the cold winter, we must think about how to keep out the cold and how to live.\n\nAs I said before, I think that the intrinsic value of cryptocurrency has not changed. It is a new business model in which a fully or partially decentralized network can remove or partially remove intermediaries.\n\nOf course, this does not mean that the decentralized network and the centralized network model are mutually exclusive. We often ask: \"Who can laugh at the end?\" But here is a win-win process.\n\nJust as we don't want to see a company that is big and monopolizes the entire market, now we need a lot of flowers, the problem is not the only answer. Conversely, there are certain restrictions on decentralization that do not apply to all scenarios.\n![mol4.jpg](https://cdn.steemitimages.com/DQmSBgMe9padkDvS2tWiHG6gFWgj4ri9BoeiemebsBFvpHi/mol4.jpg)\n2019: What will happen in the future?\n\nWe look back at 2019 while reviewing 2018, and we look forward to seeing new developments in both areas.\n\nThe first is new retail, a new retail ecosystem based on blockchain technology that allows our institutional investors to participate in the cryptocurrency and blockchain revolution. An industry needs to work with other industry sectors to find new ones. Some of the methods, and better interaction with customers, make the flow of the retail chain smoother.\n\nIn the current consensus, it is believed that the blockchain has three relatively certain technical empowerments for new retail: optimized supply chain management, commodity traceability, and consumer identity confirmation.\n\nThrough the blockchain multi-party participation, jointly maintain the data source, and strive to participate as many commodity supply chain participants as possible, avoiding the problem of artificially doing evil or data accidental loss.\n\nAt present, the combination of blockchain and new retail is in progress, and infrastructure is being built.\n\nThe second is the blockchain protocol, which uses blockchain protocols to ensure transaction transparency and addressability. It is believed that in 2019, the widespread use of blockchain protocols will be seen.\n\nScientists around the world pay attention to \"blockchain\"\n\nYesterday, MOL Eco Sick APP issued the Ministry of Information: \"Nature\" released a report, the public has been the hottest word list of scientists in the world in the past year, the top three are \"cancer\", \"blockchain\" and \"Big Data\".\n\nIn the currency circle, speculation is a speculation. I am very pleased to see that scientists all over the world are so concerned about the \"blockchain\", because we have entered the trend of megatrends unconsciously, and then, at this moment, it is a big bear market.\n\nFor the convenience and resolution of the \"chain\" and \"technology\" of the blockchain, we can only admire scientists and technical geeks and technology R&D enthusiasts to create... because most of us Ordinary people can only participate in the currency (digital assets) in the blockchain.\n![mol1.jpg](https://cdn.steemitimages.com/DQmSdLhj9DtN3FsevX8f6iwgvssmQ6wa5sQyBx38EVfYDg5/mol1.jpg)\nWhy is it that the later the bull market comes, the better?\n\nFirst, because of the popularity of blockchains, there are still many fake projects and exchanges for the purpose of circled money. Only the bear market bears longer, it will be difficult to survive.\n\nSecond, in the bear market adversity, we can still hold our dreams, and the team that is practical and innovative in making products will be stronger and more resistant to risks. This is a lot of rational, and investors who value value investing are optimistic.\n\nThird, the longer the bear market is, the more time it takes for the average person to learn, in order to give everyone the opportunity to hoard high-quality potential currency.\n\nQian Haitao said that \"the accumulation of wealth in life depends on Kangbo.\" It means that the accumulation of wealth in life cannot depend solely on wage income, but on the correct investment in assets. Everyone's wealth accumulation must not be thought to be self-fulfilling. The essence of personal wealth accumulation is entirely derived from the opportunity given by the economic cycle movement.\n\nPeople who are active in the bear market earn money from people who are active in the bull market. Normally running projects will not develop because of the bear market, and long-term value will not be stagnant because of the bear market. The fluctuations in the market are not the value, the human heart, but the human nature. Keep your heart quiet and cross a few bulls and bears, everyone will grow and change.\n\nAt the moment, for ordinary people who want to counterattack, the bull market will come as soon as possible.\n\nFinally, 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.\"",
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      "parent_permlink": "mol",
      "author": "yinxuoge",
      "permlink": "the-fall-of-the-sleepless-community-at-3-o-clock-the-rise-of-the-practice-of-putting-the-blockchain-application-to-the-ground",
      "title": "The fall of the sleepless community at 3 o'clock, the rise of the practice of putting the blockchain application to the ground",
      "body": "MOL Moore Chain Academy: The \"3 o'clock\" fire at the beginning of 2018 ignited the curiosity of the blockchain. In the face of the violent currency market, there is a lack of people who understand the entrance and are eager to get close to the world. Turning to the blind worship and follow-up of the big stories in the 3 o'clock community, intentionally or unintentionally, caused a chaotic blockchain in the early stage.\n![mol3.jpg](https://cdn.steemitimages.com/DQmcpSKXL13ZVxoHRUHXz8WFCupaM8TVXXKB2HTCmCtckiB/mol3.jpg)\nThe \"3 o'clock sleepless blockchain group\" was originally founded by Yuhong, the main person in charge of 360 games. When initially established, the initial members of the group include not limited to Sequoia Capital Shen Nanpeng, angel investor Cai Wensheng, Xue Manzi, distributed capital partner Shen Bo, PreAngel founder Wang Lijie, etc., and even Gao Xiaosong, Yan Liya, Lin Yuner, Han Geng, Yu Zheng and other entertainment circles.\n\nThe follow-up frenzy of investors is about to start from Xu Xiaoping’s rumored blockchain revolution in the group. Especially in the 7-day holiday of the Spring Festival in 2018, a group of blockchain media adhered to the 3 o'clock sleepless group, and arranged every statement of the investment magistrate to make an article and publish it in real time.\n\nHowever, at the moment when the Spring Festival in 2019 is coming, the big men who have been in the past have not heard a long time. Perhaps the first sign of this may start with Xu Xiaoping.\n\nOne day in November 2018, some media found that Xu Xiaoping had cleared all the content of the blockchain in Weibo. At the beginning of the year, the Weibo that clarified the \"hug blockchain revolution\" did not know when it disappeared. Then three words of financial search for a number of mainstream active blockchain communities, found that Xu Xiao is not in the group. Ten months ago, Xu Xiaoping also called on CEOs to \"All in blockchain.\"\n\nAnother spiritual leader, Xue Manzi, who is known as the 3 o'clock sleepless group, also invested in 13 blockchain projects in only 8 days from the second half of 2017, and warned the entrepreneurs of the blockchain after the 90s. \"The blockchain entrepreneurship is not awkward, it is dry!\", has become the current light-out currency circle, and has been concentrating on the real estate investment business, presenting a quiet year.\n\nAs the managing director of Danhua Capital, Dovey Wan has been involved in the sharing of regulatory attitudes by financial institutions such as the SEC and CFTC when he joined the 3 o'clock sleepless group. Later, he became the object of interviews with various media. In September 2018, according to Mars Financial Report, it left Danhua Capital at the end of August and joined the blockchain business. This time, it became the last voice of Dovey Wan in the public eye.\n![mol2.jpg](https://cdn.steemitimages.com/DQmeW9cmcGnuKbb51XRqPgCRFMrch2tUf8V3TjEMMKXF8vS/mol2.jpg)\nCai Wensheng, the founder of Longling Capital and the chairman of Meitu Xiuxiu, is also a character who was “sounding” in the early days of the 3rd sleepless group. At the beginning, after recommending ZIP in the group, it once made the token of the project soar by 98%. In February 2018, the token BEC was suspected to be involved with Meitu, and the OKex on the line was more than 4,000%. However, this amnesty, which once expressed in the circle of friends that “the blockchain will change our business model, social structure, and even change the religious beliefs of the country's borders!”, immediately clarified the relationship after the BEC took the plunge. After careful review and search, it was found that Cai Wensheng has not had any relevant actions in the blockchain field for a long time.\n\nAnd the founder of Lebo Capital, Yang Ning, as a member of the three-point sleepless community who had been enthusiastically involved in the discussion, after relying on the fame and mad harvest, in November 2018, the consumer chain project of his platform was broke out. Later, he said to the media that \"repenting into the ticket circle\"... The \"face-face\" was performed in the first place, attracting countless accusations.\n\nTian Hongfei, the founding partner of Yuanwang Capital, told the chain of the chain. By the end of this year, a number of blockchain investment institutions, especially traditional VCs, have reduced or even stopped investing in the blockchain sector.\nHow quiet and shouting at the beginning, now how silent and silent.\n\nAt 3 o'clock, the retreat of these investors in the sleepless community was on the one hand the closing of the early stage of the harvest of leeks with the fame, on the one hand, the helpless choices made after the blockchain became rational, and others were After the collapse of the image, there is no possibility of \"splashing\", and it has to retire.\n\nQian Haitao, the founder of Moore Chain MOL, said in 2017: \"We believe that any exaggeration of the scope of technology available is a deception of consumers.\"\n\nThen the group of people who have experienced brain fever and investment losses will obviously have a clearer and healthier understanding of the blockchain. Under the practical \"practice\" of these emerging forces, and under the continuous improvement of the supervision environment led by the network office, the central bank and other relevant institutions, the blockchain will really go to the entry point of pseudo-seeking truth and empowering the real economy.\n\nAt 3 o'clock, the sleepless block chain group \"sleeps\", but on the block link, the rise of the practical application of the blockchain to the entity practitioners.\n![mol4.jpg](https://cdn.steemitimages.com/DQmSBgMe9padkDvS2tWiHG6gFWgj4ri9BoeiemebsBFvpHi/mol4.jpg)\nQian Haitao, the founder of Moore Chain MOL, said that a very real problem is when the blockchain that everyone has been waiting for will land. He believes that 2019 will not usher in a major breakthrough in blockchain technology, because these underlying roads are very imperfect and commercial applications can't run. He believes that at least three years later, blockchain technology will usher in spring. As a leading domestic public chain project sponsor, Qian Haitao’s remarks are still very practical. After all, the public chain is a big dream. I can only call it a dream at present. Because of the technical problems of reality, there are too many bottlenecks and obstacles waiting for them to break through.\n\nV God has also carried out the same reflection, the starting point is wrong at first, should not want to become Apple or Google, but focus on a specific module (such as the core blockchain) and carefully polish it, and then through the authorization mechanism ( Authorize the third party to complete the project) or work with other teams to complete the remaining modules. It was also the big chain that the public chain first claimed to be done, which created such a big bubble. The decline of this round of bubble public chain is no different from some altcoins.\n\nAfter all, the short-lived bubble burst, the utopia of the blockchain is still separated from the crowd by a hundred thousand miles. Last year, many pseudo-demands were raised, and they did not believe it for a long time. Even the public chain that everyone has high hopes has a long way to go, and the so-called DAPP built on these public chains is even a pseudo-concept. You don't have to look at the reported bells and whistles, everything is piled up. Puppet prosperity.\n\nQian Haitao, the founder of Moore Chain MOL, believes: \"There is no real application to the outside world.\"\n\nQian Haitao believes that whether it is the application of our currency or DAPP, the threshold is high now, and the private key is a hash function. The entry cost of outsiders is extremely high, and this is already anti-trend. How to represent the most advanced technology. Even the head practitioners are rethinking that they have gone the wrong way. If you are still falling or immersed in the dreams of others, it is wishful thinking. In the end, the tokens in your hands will be no stranger to others.\n\nSo, it seems that the blockchain is really so unbearable. We see that in addition to the so-called public chain and DAPP really encounter difficulties, it may take several years to break through, but bitcoin with strong financial attributes and tokens with economic system scenarios (such as Ethereum, Moore Chain), Constantly advancing the value of its application.\n![mol1.jpg](https://cdn.steemitimages.com/DQmSdLhj9DtN3FsevX8f6iwgvssmQ6wa5sQyBx38EVfYDg5/mol1.jpg)\nFirst of all, the value of storage need not be said. As more currencies are oversold, and more and more financial crises are staged, more people will lie in the ranks of bitcoin. Secondly, the scene of anonymous payment is still very big. After all, the world we live in, besides being clear and dark, even the FBI uses Bitcoin as a means of paying for hiding. Huawei Princess was arrested some time ago, and the US is claiming to investigate. To the accounting transactions with Iranian companies, even if this is true, if you switch to cryptocurrency, you will not finish it;\n\nOnce again, the value of Token's empowerment can't be underestimated. The Token project has been sent. If you can integrate its token into its application scenario, achieve good circulation, and solve the problem of good traffic, this superimposed power. Once the outbreak is fissile;\n\nFinally, the trend is there, the trend is coming, even if you don’t understand the rich, you don’t want to miss it. They allocate a part of their assets. It’s a lot of money for the currency circle. In the early days, Li Ka-shing did not, and now earns Filled with pots and increased the bet on the cryptocurrency market.\n\nTherefore, the next round of bull market is likely to be the BTC, ETH, MOL-based bottom-level application public chain, the tokens of its application scene can lead the way, those who have been born because of their dreams will be lost due to the destruction of their dreams. But the blockchain is, after all, a great revolution, and it is indispensable for the pioneers to follow the servants. Only in this way can decentralization be brought into thousands of households, not in the air.\n\nFinally, 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.\"",
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      "permlink": "mol-moore-chain-academy-why-are-the-top-tycoons-in-the-world-not-optimistic-about-bitcoin",
      "title": "MOL Moore Chain Academy - Why are the top tycoons in the world not optimistic about Bitcoin?",
      "body": "MOL Moore Chain Academy: From Buffett's shareholder meeting to public events attended by various rich people, people from time to time will ask people what they think about Bitcoin. Catch Gates asked Gates, caught Ma Yun and asked Ma Yun, and then every time he was fermented into big news. Up to now, at least 90 of the top 100 in the world's rich list have publicly expressed their views on Bitcoin. But these people are \"not waiting to see\" bitcoin without exception, and it seems that the more the top ranking, the more \"not waiting\". The least important thing to see in Bitcoin is Bill Gates and Warren Buffett, the two who have long dominated the top two Forbes rich list.\n![mol3.jpg](https://cdn.steemitimages.com/DQmcpSKXL13ZVxoHRUHXz8WFCupaM8TVXXKB2HTCmCtckiB/mol3.jpg)\nBill Gates once said, \"Bitcoin is purely speculative, who buys who is stupid.\" Even he said that if he can, he will short the bitcoin. The \"stock god\" Buffett's attitude toward Bitcoin is \"more extreme\". As soon as the bitcoin price just broke through $100, Buffett publicly stated that \"bitcoin is a rat poison, and must stay away from bitcoin.\" Even later, bitcoin prices soared to nearly $20,000, and Barr’s father never wavered.\n\nAt the Berkshire Hathaway shareholders meeting in May 2018, a reporter from FOX asked Buffett that the price of bitcoin had risen from $100 to more than 9,000 dollars at that time. His view on \"bitcoin is a rat poison\" Is it a change? Buffett replied, \"The current bitcoin should be the square of the rat drug.\"\n\nFirst of all, Buffett's answer is no problem, because the square of 100 is indeed equal to 10,000. But as the world's top investment guru, why is Buffett so \"not to be seen\" for Bitcoin.\n\nIn fact, our top domestic richest people have no good attitude towards Bitcoin. Whether it is the Jack Ma of Repentance Ali or Ma Huateng of the ordinary family, they have publicly stated that they are \"not interested in Bitcoin.\"\n\nAs we all know, today's Bitcoin is no longer an early \"technical circle game\", it has attracted more and more people to participate in it, there are technical geeks, there are financial elites, there are commercial big coffee, there are ordinary aunts. Even after the US Congress hearings on serious political issues were broadcast live, some people would hold a sign behind them and enter the picture, saying \"Buy Bitcoin.\"\n\nThese people have different identities, and in the case of \"impossible collusion\", \"bitcoin is constantly being promoted\" in various occasions. Intuitively, a thing that attracts so many different levels, different industries, and different identities to \"force\" is obviously not something \"bad things.\" But why are the top tycoons “not waiting to see” bitcoin? Today, the founder of the Moore Chain MOL, Qian Haitao, will discuss the \"secret\" behind this.\n![mol2.jpg](https://cdn.steemitimages.com/DQmeW9cmcGnuKbb51XRqPgCRFMrch2tUf8V3TjEMMKXF8vS/mol2.jpg)\nBitcoin code is very \"simplistic\" (not defamatory), but the gameplay is very colorful. Just like on social networks, if some forked coins are provoked by bitcoin, then basically there are 1000 kinds of black paragraphs and spoofs. Every day, there can be no heavy samples. It seems that there is a kind of decentralization. Horror, is there?\n\nMany people may not know what this \"decentralization\" means. Just think about it, a thing that even \"the founders are running\", but once you \"black\" it is likely to attract a variety of \"contempting eyes\", even a group of people's \"spoken words\", And there are a lot of people in this group who still have big faces and faces. What kind of \"magic power\" can dominate so many people to defend it.\n\nToday, I will tell you the answer. This kind of \"magic power\" is a straightforward statement, which is a kind of \"掀 table\" attribute, and Bitcoin has always retained this attribute.\n\nHuman society (because of the ghosts) has always been difficult to form effective consensus and action, and Bitcoin, as a social experiment, has made a major breakthrough in solving this problem. At two levels: at the code level, it enables participants to consistently book accounts; at the level of social operations, it can form socially concerted actions.\n\nAt Buffett and Gates's \"meal table\", if 51% of the people at the dinner table take concerted action, they can smash the table and then divide the wealth of others (choose not to slap the table); otherwise, if the table is not The wealth of these people on the table will be divided by others. Then, at this table, if you can rank on the rich list, you will not participate in the table (because the loss is big). Therefore, the results of the entire meal run, Buffett and Bill Gates must be more and more rich, which is in fact in line with the reality of our society.\n\nBut the discerning person should be able to see that on this table, as long as they are not the top ranked people, they have the original motivation to smash the table. When Bitcoin came out, it was mainly the technical geeks who were playing at the beginning, and then quickly became speculative. The key reason is here. Because everyone found out that it is more than just a technical game, but also comes with the \"掀 table\" attribute.\n\nFor the top tycoons, they won’t have much interest in betting on things with this attribute, but some sub-rich or sub-rich people may be involved because they are doing it for them. After ambushing, it seems that the table is not bad, and the two bets are precisely what these people are best at. It should be said that this is actually more rational, so the table is peaceful, no one is talking about the table, but someone under the table secretly bets and fired it.\n![mol4.jpg](https://cdn.steemitimages.com/DQmSBgMe9padkDvS2tWiHG6gFWgj4ri9BoeiemebsBFvpHi/mol4.jpg)\nThis explains why people like Ma Yun and Ma Huateng are “not waiting to see” bitcoin, while Xu Xiaoping, Cai Wensheng, Xue Manzi, Chen Weixing and others directly rushed up. In fact, looking at the big money in the entire currency circle, including the “three o'clock community”, which is known as the accumulated trillions of worth, is probably at such a level of “more motivation for the table”, because it seems that they are not doing this, they Those positions that are expected to be top-notch are really unmovable, and this has nothing to do with technology. The first is the need for such a \"squatting table\", and then what kind of thing with this attribute will attract them.\n\nOf course, as everyone knows, people with such needs, more people at lower levels (such as me), this is more sadly reminded, I am not willing to mention, but many have This \"lower level person\" who needs the table, often because of this demand, has been led astray and harvested many times.\n\nIn Buffett’s statement, it actually includes this meaning, that is, “If you see someone else making a fortune and then killing it, you want to make a fortune against something that has no value. The result is often not sorrowful.”\n\nBitcoin has been unswervingly taking the “decentralization” route and putting “decentralization” first, because this decentralized feature continues to convey the feeling of the table, that is Core competitiveness. I don’t know what to say, but the feeling itself is very important. So we can see that there is no unified command, but everyone has worked hard in the same direction, and has worked out such an effect. So the secondary and secondary rich have begun to bet, and some of them are more emotional. Actively jumped out and shouted.\n\nFor Buffett, he himself has always admitted that although he is working hard to get rich in a relatively fair environment, many people can only live a poor life in the third world because they do not have the same growth environment as him. So he also made a will and will donate 99% of the property behind him.\n\nOn the moral level, Buffett is of course in a relatively high position, and has always been an icon of many of us and an example of learning. He hopes that the whole society should work hard in the direction of \"creating value\". Individuals will change their destiny by their own efforts. The three views are very positive.\n\nBut the operation of society often does not shift with the subjective will of the individual. Probably speaking, there will always be a lot of young people, because they have to work hard (bad luck) but they don't get positive feedback, so they may gradually \"black\". If the society can't be very energetic and generates a large number of vertical mobility opportunities, then it will lead to the accumulation of \"prominent fierce redistribution of wealth\".\n![mol1.jpg](https://cdn.steemitimages.com/DQmSdLhj9DtN3FsevX8f6iwgvssmQ6wa5sQyBx38EVfYDg5/mol1.jpg)\nSo, Buffett, Bill Gates, Ma Yun, Ma Huateng are really \"not to see\" bitcoin? Or is the statement that \"bitcoin is a rat poison\" is really \"smearing\" bitcoin? No, they also said a lot of meaningful words, but many people don't care.\n\nWe have always turned a blind eye to the major changes that have taken place in many societies. When we have undergone earth-shaking changes, we have come back and found that we have no sense of participation. Therefore, I regret that I have missed the great opportunity.\n\nFor most people, insight and involvement in participating in social change is indeed an effective way to achieve class leap. But wanting to “see and invest” requires a macro view and micro-insight, as well as a reserve of expertise.\n\nIn fact, Zhao Changpeng, Guo Hongcai, Shuai Chu····················································································· Then, now I am buying the bitcoin that I once sold at a high price.\n\nWe feel that we are accustomed to all kinds of subtle changes. In fact, we are always revealing the signals of great social changes. These \"signals\" will trigger tremendous changes in the whole society, resulting in a series of chain reactions, and there are also various kinds of responses. Opportunities and risks.\n\nThe ancients, the people who do not seek the overall situation are not enough to seek a thing. It is a common lesson that we generally lack to have a clear insight into the overall changes and historical processes of society as a whole, and then to find out how to find a way to settle down. That is, Lei Jun said that busy work is nothing more than tactical hard work to cover up the strategic laziness.\n\nMany young people are often instilled with the idea of ​​“career planning”, but we often find that for mature professionals who have been working for 10 or 20 years, even after losing their jobs, they often don’t know why. This lack of strategy in life is comprehensive and universal, with no standard answers.\n\nWhen you often regret that you \"have not been able to seize a certain opportunity\", have you ever thought about how to make a breakthrough in the basic strategy of knowledge network and how to capture and capture such opportunities. Maybe hearsay, you can get together and have a good time, but if you know it, you will probably fall into the net designed by others and become a prey.\n\nThe blockchain is of course a great invention, and of course it offers great opportunities for people like me who want to \"squat the table\" or want to \"move the stool\", but can you see where the \"opportunity\" is? Can you clearly locate your location? If not, why talk about \"opportunities\"!\n\nFinally, 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.\"",
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      "title": "MOL Moore Chain Academy - What is the essential difference between centralization and decentralization?",
      "body": "MOL Moore Chain Academy: There is a saying in the currency circle: \"The primary market cuts the second level, the cornerstone cuts the level, the exchange is the god of heaven, and eats all.\" Since 2014, more than 10,000 centralized exchanges have been born. . Leverage, black money, money, money, money rollback, platform currency breaks... almost every day, we can see the negative news of the exchange.\n![mol3.jpg](https://cdn.steemitimages.com/DQmcpSKXL13ZVxoHRUHXz8WFCupaM8TVXXKB2HTCmCtckiB/mol3.jpg)\nToo many exchanges have experienced attacks, such as the famous MtGox, as well as Bitfinex, ShapeShift and Bithumb. The most ironic thing is that the centralized exchanges trade on decentralized tokens.\n\nCentralized exchanges are an industry that is farthest from blockchain technology, but it is extremely prosperous. Qian Haitao, founder of Moore Chain MOL, believes: \"The development and growth of this industry represents a market malformation.\"\n\nIn the world of exchanges, one side is the old-fashioned currency exchange, such as currency security, fire currency, OKEx, and the other is the decentralized exchanges such as BitShares, 0x, Cybex, and Kyber.\n\nIn the so young industry of blockchain, there has been a confrontation between old and new forces. Qian Haitao, the founder of Moore Chain MOL, explains the nature and difference between the centralized exchange and the decentralized exchange.\n\n1, the existence logic of centralized exchanges\n\nIn thousands of exchanges, the ability of exchanges to hold assets for users has become the biggest risk. Such as a sword of Damocles, there are occasional exchanges of money and money, so that the entire currency is always worried. But it is still the mainstream of the current exchange.\n\nIn Qian Haitao's view, this stems from two major functions of the central exchange: 1. Improving efficiency; 2. Serving as an intermediary.\n\nIn the Internet world and the classical financial world, the middleman is a necessary role in the market. A good middleman enterprise will naturally share a piece of profit distribution. The middleman defines the clear rules of the two sides' procedures, agreements, and expectations, and is more efficient than skipping the intermediary to cooperate and communicate.\n\nIn addition, two people can't trust each other, but they trust the middlemen, so they can rely on the middleman to conclude a deal or cooperation. The most typical middleman is the bank, as well as the Shanghai Stock Exchange.\n\nThe reason why we believe in the security of banks and SSEs is because the state's public power is endorsed. The incident of robbing the bank may not happen often, and it will be subject to legal sanctions and recovery of theft.\n\nCentralized exchanges are the \"intermediaries\" in the world of cryptocurrency. However, it only solves the efficiency problem, but it does not completely solve the trust problem. The current centralized exchange business model can be said to be \"golden eggs with cocks.\"\n\nCentralized exchanges usually also run e-wallets, allowing users to deposit money directly on the exchange. Compared with the fact that we have the RMB in the bank, even if there is WeChat or Alipay, the security is much worse.\n\nIn the world of cryptocurrencies where the law is not yet clear and the rights are not protected by public power, the losses are entirely the responsibility of individuals, and the risk of the exchanges running away from money is enormous.\n![mol2.jpg](https://cdn.steemitimages.com/DQmeW9cmcGnuKbb51XRqPgCRFMrch2tUf8V3TjEMMKXF8vS/mol2.jpg)\nSpecifically, there are two main risk risks for centralized exchanges:\n\nOne is the factor from people.\n\nLarge exchanges use the user's digital currency to make a sell-off to get a low-cost digital currency. Or, obstructing the user's process of withdrawing money to their digital wallet is an example of not fulfilling financial obligations.\n\nThe second is technical risk.\n\nFor example, in August 2016, Bitfinex was stolen due to security breaches on its website. On February 10, 2018, the Italian exchange BitGrail was hacked and lost 17 million NANO coins worth a total of about $170 million.\n\nRisks, the exchange as a middleman has not disappeared, indicating that almost all users are partially sacrificing trust for efficiency. But this is always the heart of the central exchange.\n\n2, eliminate the decentralized exchange of the middleman\n\nSafety is the biggest attraction of decentralized exchanges.\n\n\"You no longer have to worry about your private key being in the exchange.\" It completely eliminates the middleman and eliminates the trust crisis between the two parties. The global server keeps track of every transaction you make, and it can be said to be more reliable than the National Bank.\n\nIn fact, the advantages of decentralized exchanges are not limited to this. The most advantageous advantage of the centralized exchanges is the security at the policy level. At present, several major exchanges are “flowing” in various countries because of policy issues.\n\nAfter the \"March 4\", the currency has withdrawn from the Chinese market. Due to the supervision of the Japan Financial Services Agency, exchanges such as Firecoin, Coin and BigOne were expelled from Japan. OKEx prohibits the use of citizens of more than a dozen countries, such as the United States, South Korea, and Malaysia, to avoid legal risks.\n\nRecently, OKEx and Coin An settled in Malta, a small European country, and received approval from the government to be relieved.\n\nDecentralized exchanges are different.\n\nThe premise of judicial supervision is that there are regulatory objects, generally legal entities such as institutions and companies. The decentralized exchange is just a procedure, there is no national border, and it is deployed on the Internet. It is simply an ERC-20 token transaction through a smart contract between wallets. There is no license or policy issue at all.\n![mol4.jpg](https://cdn.steemitimages.com/DQmSBgMe9padkDvS2tWiHG6gFWgj4ri9BoeiemebsBFvpHi/mol4.jpg)\nIn this system, the \"on the currency fee\" chaos will naturally disappear.\n\nThe amount of the currency fee requested by the head exchange is usually terrible. A research institute in the United States has investigated that an ICO project entering the head exchange requires a $1 million in foreign currency fee, and a quick increase in token liquidity would require $3 million. In contrast, stocks on the Nasdaq only need $125,000 to $200,000.\n\nThe part cut off by the exchange can only be cut back from the investor.\n\nQian Haitao, the founder of Moore Chain MOL, pointed out that a good blockchain project could not pay millions and tens of millions of such unreasonable foreign currency fees, so it gradually formed a deformed market for bad money to drive out good money.\n\nCentralized exchanges have nothing to do with the blockchain except that the assets are blockchain. \"It is actually selling the software industry,\" Qian Haitao pointed out the current market morbidity.\n\n3, the imagination of the decentralized exchange\n\nDecentralized exchanges are still in their infancy on the road to replacing traditional exchanges, but they are starting. Exchanges such as 0x, Ethfinex, and Cybex have aroused strong interest.\n\nMo Hailin MOL founder Qian Haitao predicted that within one or two years, the decentralized exchange will become the mainstream: \"In the end, the Internet needs not a bank transfer, but online payment. This concept may not be so fast, but everyone will sooner or later. Recognize this.\"\n\nIn the future, decentralized application scenarios will be beyond imagination, \"issuing assets is like sending Weibo.\"\n\nEveryone can issue their own token.\n\nFor example, you want to open a chain fast food restaurant, but there is no money. At this time, you can issue a total of 10 billion yuan in MOL one-click assets (XX fast food or XX buns), and 5 billion as a private fund. Your chain store can start, and those who hold the pass can freely trade chips. It can also be directly used in chain stores with the pass, and converted at market price. This is the role of the certificate in the future of physical projects, a wallet can hold a variety of physical assets. As a new type of entity entrepreneur, the assets issued in MOL can play a role in financing, and can also lock in new consumer groups (shareholders), and can also realize the digitization of intangible assets (the remaining chips in the hands, that is, the numbers) assets).\n![ml6.jpg](https://cdn.steemitimages.com/DQmbkG8GLze2Mmzn5QUdJbTZa5aEJADnnjN5ZpEE8rtLNJm/ml6.jpg)\nAs a physical endorsement asset, it will definitely become the driving force for attracting other industries. If the dog does not care, Beijing Roast Duck, KFC, or XX food, or specialty chain stores .......... / have a certificate of their own in the MOL wallet, it is quite own to grasp the entity and A digital asset that has the intangible value of the brand. Therefore, entities in the most advanced digital asset field must have a very large strategic advantage.\n\nAs a MOL holder? (Wallet users) is first and foremost a Moore shareholder. If it is funded by an entity that uses MoL assets as a standard, it becomes a shareholder of the new entity, with MOL's one-click asset issue. As costs increase and the brand value of the entity increases, the MOL and entity pass in your hands will appreciate. As a future asset-type, semi-centralized asset issuance bank, although there is no centralization (bank office staff) agency costs, but there are nodes and safe maintenance costs, then as the market slowly expands, if the assets are issued, if used MOL pledge, then MoL in your hand is also very useful. If various MOL certificates and MOLs are exchanged, 0 commissions, the MOL public chain that arrives at the account will break the traditional concept of mining and directly enter the use stage of the pass.\n\nIn addition, with the progress of decentralized exchanges, cross-chain and cross-wallet transfer will be more convenient. The position of the Moore wallet will be higher and higher, because the coins that were previously placed on the exchange will exist in the private wallet.\n\nMo Hailin MOL founder Qian Haitao's advice: \"Don't believe that platform currency, as long as it is a currency exchange, there is a desire to make money, not simple. If the Chinese government opened an exchange, or the United States Nasdaq When I open an exchange, I will definitely buy it because the exchange will be fair.\"\n\nIn the past, fairness was an endorsement of public power. In the future, the absolute guarantee of procedural guarantees – the era of decentralized exchanges, or the future, the chaos of traditional exchanges will become a thing of the past.\n\n4, the dilemma of decentralized exchanges\n\nRegrettably, decentralized exchanges will not replace centralization in the short term, and it also faces serious problems. The core problem of decentralized exchanges is that TPS is not high enough to achieve real-time cross-chain trading, which is too slow.\n\nBut this problem is gradually solved, and the development of cross-chain technology can also increase TPS.\n![mol1.jpg](https://cdn.steemitimages.com/DQmSdLhj9DtN3FsevX8f6iwgvssmQ6wa5sQyBx38EVfYDg5/mol1.jpg)\nToken can circulate value between public chains, and cross-chain contracts can be processed faster than people. This will create a positive cycle, and more and more public chains will also support cross-chain, landing on the decentralized exchange.\n\nAnother problem with decentralized exchanges is that the user experience is not good enough.\n\nTo give you the simplest example: the user password is lost, the centralized exchange can help you find it, but no one can help you keep it on the central exchange. In addition, limited mobility and complex operations are also defects in the user experience.\n\nBut these problems are technical problems that can be solved in time, and the user education that follows will gradually spread.\n\nFrom the perspective of users' needs, whether the exchange is centralized or decentralized is not the core. The core is the trading experience and financial security.\n\nFirst of all, the speed is fast, don't wait too long; secondly, there is trading volume, you can quickly trade; once again, there is a suitable transaction price; finally, the funds are safe and trustworthy. Of course, these four are ranked differently in each person's mind.\n\n99% of the liquid assets of the currency circle are still in the hands of centralized exchanges. In the short term, the strong parties are still in the central exchanges such as currency security and fire coins, because they occupy resources such as technology, users and operational experience.\n\nBut since the decentralized exchange must be the future, the possibility of subverting the latter will still exist.\n\nFinally, 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.\"",
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      "parent_permlink": "mol",
      "author": "yinxuoge",
      "permlink": "mol-moore-chain-academy-what-is-the-nature-of-money-which-assets-are-suitable-for-the-chain",
      "title": "MOL Moore Chain Academy - What is the nature of money? Which assets are suitable for the chain?",
      "body": "MOL Moore Chain School: When you refer to the word asset chain, it generally refers to the physical assets of the public chain model to send TOKEN. Everyone's understanding is different, so the asset chain in each person's eyes is different.\n![mol3.jpg](https://cdn.steemitimages.com/DQmcpSKXL13ZVxoHRUHXz8WFCupaM8TVXXKB2HTCmCtckiB/mol3.jpg)\n1. Which assets are suitable for winding?\n\nTo ask which assets are most suitable for the chain, we have an opportunistic answer, because the Moore chain is the asset chain, so let's look at the assets defined by Moore's MOL founder Qian Haitao, including the following categories:\n\n1. Income-type assets: Income-type assets include income-of-rights assets in the form of crowdfunding such as movies and homestays, long-term income rights of fixed investment of local governments, and income rights of non-performing assets.\n\n2. Equity assets: Equity assets include equity of non-listed companies, equity of private equity investment, equity of non-public investment in the Internet, etc. The transfer of equity assets requires the completion of investor qualification.\n\n3. Securitized assets: Securitized assets include accounts receivable, auto loans, and other asset-backed securities that can generate foreseeable cash flows in the future, and are credit enhanced through structured design.\n\nOnly three of these are listed, because from the perspective of the physical assets issued by TOKEN, these three types of assets are best suited to use TOKEN for management, whether from a quantitative perspective or through deep management of smart contracts; From a technical point of view, or from a regulatory point of view, the difficulty of implementation is not large, and the market space of these three types of assets itself is also large enough.\n\nSecond, the asset chain in a broad sense\n\nIn fact, the assets that can be chained are far more than the above three.\n\nIn 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.\"\n![ml6.jpg](https://cdn.steemitimages.com/DQmbkG8GLze2Mmzn5QUdJbTZa5aEJADnnjN5ZpEE8rtLNJm/ml6.jpg)\nFor example, you want to open a chain fast food restaurant, but there is no money. At this time, you can issue a total of 10 billion yuan in MOL one-click assets (XX fast food or XX buns), and 5 billion as a private fund. Your chain store can start, and those who hold the pass can freely trade chips. It can also be directly used in chain stores with the pass, and converted at market price. This is the role of the certificate in the future of physical projects, a wallet can hold a variety of physical assets. As a new type of entity entrepreneur, the assets issued in MOL can play a role in financing, and can also lock in new consumer groups (shareholders), and can also realize the digitization of intangible assets (the remaining chips in the hands, that is, the numbers) assets).\n\nAs a physical endorsement asset, it will definitely become the driving force for attracting other industries. If the dog does not care, Beijing Roast Duck, KFC, or XX food, or specialty chain stores .......... / have a certificate of their own in the MOL wallet, it is quite own to grasp the entity and A digital asset that has the intangible value of the brand. Therefore, entities in the most advanced digital asset field must have a very large strategic advantage.\n\nAs a MOL holder? (Wallet users) is first and foremost a Moore shareholder. If it is funded by an entity that uses MoL assets as a standard, it becomes a shareholder of the new entity, with MOL's one-click asset issue. As costs increase and the brand value of the entity increases, the MOL and entity pass in your hands will appreciate. As a future asset-type, semi-centralized asset issuance bank, although there is no centralization (bank office staff) agency costs, but there are nodes and safe maintenance costs, then as the market slowly expands, if the assets are issued, if used MOL pledge, then MoL in your hand is also very useful. If various MOL certificates and MOLs are exchanged, 0 commissions, the MOL public chain that arrives at the account will break the traditional concept of mining and directly enter the use stage of the pass.\n\nThere is also an asset chain registration in the Internet-like mode. After the assets are registered on the chain, they are directly exposed to the whole society to enjoy the irreversible characteristics of the blockchain itself, which can avoid the negative impact of the third-party registration agencies. The kind of registration on the chain can be recognized by the judiciary and play the role of confirming the power.\n\nIf only from the perspective of asset registration, then a series of assets such as real estate licenses and patents will also be chained in the future.\n![mol5.jpg](https://cdn.steemitimages.com/DQmdAcXaapbH5iPvLQZJkr7F2kax9xMdLbXqq2LGjoUVFKV/mol5.jpg)\nThird, the long tail asset is on the chain\n\nIf all of the above are traditional commercial assets, then there are a large number of emerging assets that are more easily integrated with blockchains, such as cultural assets, copyrights, film and television, forest rights, electricity, wind, energy, celebrities. These emerging assets of the time category are more efficient and less resistant to blockchain integration.\n\nSome of these types of assets are not as large as the previous three categories, but there are many types of these assets, which are in line with the long tail theory, and the sum is not a small sum.\n\nThe time for different assets to be chained may be sooner or later, the order may be sequential, the winding method may be different, but eventually all assets will be in the chain. Use their statement: Human beings are in the process of moving from the physical world to the digital world!\n\n4. What is the nature of money?\n\nThe essence of money is not whether it is gold or silver. The most important thing is that all people agree to this thing and exchange value. It is money. So there is a very strange thing, that is, many people today criticize digital currency and digital assets.\n![mol1.jpg](https://cdn.steemitimages.com/DQmSdLhj9DtN3FsevX8f6iwgvssmQ6wa5sQyBx38EVfYDg5/mol1.jpg)\nCurrently, the application of blockchain is mainly in the field of digital currency. Bitcoin, Ethereum, and MOL are the underlying technologies in the practical application of blockchain. The Moore Chain is a public chain that focuses on the transformation of Internet digital assets into digital currency missions, including reviews, likes, videos, music, data, e-books, blogs, social, and knowledge.\n\nFinally, 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.\"",
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      "permlink": "mol-moore-chain-academy-blockchain-core-technology-has-a-breakthrough-blockchain-is-gradually-returning-to-rational",
      "title": "MOL Moore Chain Academy - blockchain core technology has a breakthrough, blockchain is gradually returning to rational",
      "body": "MOL Moore Chain School: The past 2018 is a year of rapid rise in the blockchain industry. The influx of capital from all walks of life continues, and various blueprints can not be depicted. As well as various dreams are raging... In 2018, the blockchain industry fluctuated drastically, and bitcoin prices fell sharply. From an international perspective, the valuation of blockchain projects continued to decline, and some new changes were made in the industry.\n![mol3.jpg](https://cdn.steemitimages.com/DQmcpSKXL13ZVxoHRUHXz8WFCupaM8TVXXKB2HTCmCtckiB/mol3.jpg)\nBitcoin prices have fallen by nearly 80%, and mining costs have continued to fall.\n\nThe news of the decline in bitcoin prices has accompanied us through the entire 2018. Coinbase data shows that on January 1, 2019, the closing price of Bitcoin was $3,804, down 74.6% from a year ago. The highest price for Bitcoin in 2018 was $16,666 and the lowest price was $3,179. On December 17, 2017, Bitcoin hit an all-time high of $19,666. However, a year later, bitcoin prices have fallen by more than 80%. Since mid-November 2018, Bitcoin has repeatedly refreshed its minimum level, falling more than 30% in half a month, and driving the cryptocurrency to collectively fall. As more and more people enter the industry as the price of the currency soars, they face competition and risks. At the same time, other virtual currencies have a hard time to live. In 2018, there were more than 800 types of cryptocurrencies in the world.\n\nFive departments jointly prevent illegal fundraising in the name of “virtual currency” and “blockchain”\n\nAs early as the end of 2017, Mo Hailin MOL founder Qian Haitao said: \"Any exaggeration of the range of available blockchain technology is a deceptive consumer behavior.\"\n\nIn August 2018, the China Insurance Regulatory Commission, the Central Network Information Office, the Ministry of Public Security, the People's Bank of China, and the General Administration of Market Supervision jointly issued the “Prompt Tips for Preventing Illegal Fund Raising in the Name of “Virtual Currency” and “Blockchain”, which states that Some lawless elements use the banner of “financial innovation” and “blockchain” to absorb funds through the issuance of so-called “virtual currency”, “virtual assets” and “digital assets”, infringing on the legitimate rights and interests of the public. Such activities are not really based on blockchain technology, but rather the practice of speculating blockchain concepts for illegal fundraising, pyramid schemes, and fraud. The main features are as follows:\n\nFirst, network and cross-borderization are obvious.\nSecond, deceptive, seductive, and concealed.\n![mol2.jpg](https://cdn.steemitimages.com/DQmeW9cmcGnuKbb51XRqPgCRFMrch2tUf8V3TjEMMKXF8vS/mol2.jpg)\nUsing the concept of hotspots to speculate, to create a wide variety of \"high on the\" theory, and some also use the celebrity V \"platform\" propaganda, airdrop \"candy\" and other temptations, declared that \"the value of the currency only rises and falls\" \"the investment cycle is short, High returns and low risk, with strong deception. In practice, the criminals illegally profited from the so-called virtual currency price movements, setting profit and cash withdrawal thresholds. In addition, some lawless elements also issue tokens in the name of ICO, IFO, IEO, etc., or use the IMO method to carry out virtual currency speculation under the banner of the sharing economy, which is highly concealed and deceptive.\n\nThird, there are a variety of illegal risks.\n\nSuch activities take \"financial innovation\" as the gimmick. In essence, the Ponzi scheme is \"borrowing new and old\", and the operation of funds is difficult to maintain for a long time. The general public should be rational about the blockchain, do not blindly believe in the promise of smallpox, establish a correct monetary concept and investment philosophy, and effectively raise the awareness of risk; and actively report the violations of the law to the relevant departments.\n\nSince 2018, from the central government to the local authorities, the regulatory authorities have cracked down on the ICO, prompting risks, regulating market order, and making unprecedented efforts.\n\nSince last year, the regulatory authorities have made a heavy blow to regulate the behavior of the “frozen chain” in the capital market, severely punish the ICO, and crack down on the blockchain of disguised coins from the media. From the central to the local, we set off a climax to prevent illegal fund-raising in the name of “blockchain” and continue to “detoxify and deplete” the blockchain.\n\nThe blockchain after slimming is gradually returning to rationality. The currency circle is sluggish, and the market begins to re-examine the value and significance of the encrypted digital currency represented by Bitcoin. More and more companies are turning to the heart. Technology application development; talent costs also squeeze out the \"bubble\" and return to the normal level of the same industry.\n![mol4.jpg](https://cdn.steemitimages.com/DQmSBgMe9padkDvS2tWiHG6gFWgj4ri9BoeiemebsBFvpHi/mol4.jpg)\nThe key technology of the blockchain core has a breakthrough\n\n“Technology is still immature, and the TPS in the actual operating environment is too low!” We often hear about the evaluation of blockchain technology. What progress has been made in the resolution of key technologies in 2018?\n\nQian Haitao, founder of Moore Chain MOL, proposed the evolution path from blockchain to distributed accounting technology and the connotation and relationship of related concepts. Combined with the domestic and international standardization results, based on the development and evolution characteristics of the blockchain system architecture, the key technologies of other blockchain cores such as cross-chain and fragmentation technology, security and privacy protection have made great progress.\n\nWASM: WASM is widely supported to perform efficient compilation of targets. The public chain represented by MOL began to support the WASM contract. Therefore, a variety of excellent languages ​​can be used to write contracts.\n\nPrivacy protection calculation: In order to achieve data security sharing, complex cryptography techniques such as verifiable computing (VC), multi-party secure computing (MPC), and homomorphic encryption (HE) are strongly promoted and implemented.\n\nConsensus: DAG Consensus Innovation, Moore (MOL) uses subversive directed acyclic graph (DAG) and blockless (Blockless) design to confirm transactions as fast as 50 milliseconds; its highly scalable concurrency is unlimited (unlimited) The performance and transaction-free processing fees make Moore (million processing speed per second) naturally become the first choice for distributed economy, such as micropayment, lightning payment, high-frequency payment, games, and community.\n![mol1.jpg](https://cdn.steemitimages.com/DQmSdLhj9DtN3FsevX8f6iwgvssmQ6wa5sQyBx38EVfYDg5/mol1.jpg)\nMOL: The Moore team's expansion plan has a relatively certain design and has begun to be implemented.\n\nMoore cross-chain: Cross-chain implementation is nearing completion and is expected to be launched in 2019.\n\nIn 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.\"\n\nFinally, 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.\"",
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      "permlink": "mol-moore-chain-academy-what-are-the-problems-facing-blockchain-development-where-is-the-breakthrough",
      "title": "MOL Moore Chain Academy - What are the problems facing blockchain development? Where is the breakthrough?",
      "body": "MOL Moore Chain School: 2018 hastily passed, looking forward to the problems facing the development of the 2019 blockchain, where is the breakthrough? For example, the blockchain security problem has become increasingly prominent, and the key technologies of the blockchain need to be broken. The blockchain needs to be deeply integrated with the physical industry, and the blockchain talent gap is large.\n![mol3.jpg](https://cdn.steemitimages.com/DQmcpSKXL13ZVxoHRUHXz8WFCupaM8TVXXKB2HTCmCtckiB/mol3.jpg)\nFirst, blockchain technology innovation continues to emerge\n\nQian Haitao, founder of Moore Chain MOL, believes that the current blockchain technology is still immature and still in the early stages of development. Technological innovations in blockchain performance, privacy security, and scalability are emerging. For the problem of blockchain performance, the following types of innovative solutions emerged.\n\n1, parallel way. For example, Ethereum segmentation technology, Moco MOAC sub-chain technology, Fabric multi-channel technology;\n\n2, DAG (directed acyclic graph) mode.\n\nMoore (MOL) uses a subversive directed acyclic graph (DAG) and blockless design to confirm transactions in as little as 50 milliseconds; its highly scalable concurrent unlimited performance and transaction-free fees Moore (million processing speed per second) naturally becomes the first choice for distributed economy, such as micropayment, lightning payment, high frequency payment, games, and community.\n\n3. The way to optimize the consensus algorithm.\n\nFor example, the PoS consensus algorithm achieves performance improvement by maintaining a multi-centered approach to reduce the number of nodes participating in the consensus.\n\n4, the chain expansion method.\n\nIn response to the privacy protection problem in blockchain technology, the industry has proposed innovative technical solutions such as mixed currency, ring signature, homomorphic encryption, zero-knowledge proof, and multi-party secure computing. For the problem of blockchain scalability and interconnection, Moore Chain proposes a cross-chain solution. The mainstream cross-chain technology has three methods: side chain/relay, notary mechanism and hash lock. The representative projects are MOL, Ripple and Lightning network. As the academic circles and the industry continue to deepen the research on blockchain, the results of blockchain technology innovation will continue to fall.\n\nIn 2019, technological innovations around blockchain performance, privacy security, and scalability will continue to emerge, and new technologies, new products, and new applications will gradually enter the field of vision.\n![mol2.jpg](https://cdn.steemitimages.com/DQmeW9cmcGnuKbb51XRqPgCRFMrch2tUf8V3TjEMMKXF8vS/mol2.jpg)\nSecond, the competition for the bottom platform of the blockchain is becoming increasingly fierce\n\nBefore the standard of the blockchain underlying architecture has not yet reached a consensus, the competition between blockchain platform technology and applications is becoming increasingly fierce. In terms of the public chain, the blockchain platform represented by Ethereum and MOL has a strong influence on the global scale, and its technology and application ecology are recognized by the market. Domestic NEO, Gongxinbao, Xingyun chain and other public chain projects have proposed their own infrastructure design concepts and realized, while actively promoting the construction of open source communities and the application of ecological perfection.\n\nDomestic Internet giants have strategic layouts. In April 2017, Tencent released a blockchain white paper and launched Trust SQL blockchain Trust; in March 2018, JD.com launched the application exploration and R&D practice of blockchain technology in business scenarios; August 2018, Alibaba Cloud announced the release of the enterprise-class BaaS platform, enabling one-click rapid deployment of blockchain environments to enable blockchain applications across enterprises and regions. According to incomplete statistics, as of November 2018, nine large Internet companies have released BaaS platforms.\n\nIn 2019, the development of the bottom layer of the blockchain was flourishing, and the competition for R&D, application promotion and ecological cultivation of the blockchain bottom platform became more and more fierce.\n![mol4.jpg](https://cdn.steemitimages.com/DQmSBgMe9padkDvS2tWiHG6gFWgj4ri9BoeiemebsBFvpHi/mol4.jpg)\nThird, the application effect of blockchain gradually emerges\n\nWith the continuous development of blockchain technology, the industry chain has been continuously improved, social cognition has been gradually improved, scenes have become increasingly rich, and the application effect of blockchain has gradually emerged, which is mainly reflected in two aspects.\n\nFirst, blockchain is the first to be used in natural digital scenes such as cross-border payments, digital content copyrights, and electronic deposit certificates. In terms of cross-border payment, Alipay launched the first cross-border remittance service based on blockchain; in terms of digital content copyright, Baidu and 360 respectively launched the original image authentication platform based on blockchain technology—totem and engraving; A professional full-type copyright depositing platform; Tencent is based on blockchain technology to realize the virtual digital asset identification and protection of game props. In terms of electronic deposit certificate, Hangzhou launched the first electronic evidence platform and judicial blockchain in the country to solve the problem of electronic evidence access certificate; Beijing Internet Court used the blockchain forensic deposit technology in the case of accepting copyright ownership and infringement disputes. .\n\nSecond, the blockchain is used in traditional multi-party collaboration scenarios. Blockchain technology realizes data disclosure, transparency, non-tampering and traceability, reduces the trust cost of participants, improves collaboration efficiency, and enables in-depth application in business areas where supply chain finance, traceability, etc. require multiple participants to collaborate. For example, Tencent has launched a blockchain + supply chain financial solution, and has already had multiple projects. Jingdong “Running Chicken” project uses the blockchain and other technologies to trace the whole process of running chicken breeding, slaughtering, inspection and quarantine, warehousing and transportation, and can make a full-process traceability information data loop through APP inquiry.\n\nIn 2019, with the gradual maturity of blockchain technology and the gradual improvement of the underlying platform, blockchain applications will land in more industry scenarios.\n![mol1.jpg](https://cdn.steemitimages.com/DQmSdLhj9DtN3FsevX8f6iwgvssmQ6wa5sQyBx38EVfYDg5/mol1.jpg)\nFourth, the key technology of blockchain needs to break through\n\nChina's blockchain enterprises mainly absorb the blockchain research results of foreign open source communities, and there are not many blockchain platforms independently researched and developed. Only a few domestic enterprises independently develop MOL, Bubichain, BROP, BCOS, ChainSQL and other platforms. Most enterprises Developed and improved based on foreign open source blockchain products such as Bitcoin, Ethereum, and Superbook. Although the 2018 China blockchain patent ranks first in the world, the overall value is not high. Most enterprises carry out research and development work around the application layer of encrypted digital currency, wallet, and traceability source, and less on the key technologies of the blockchain.\n\nIn fact, the problem of insufficient performance of the blockchain platform, insufficient security, and difficulty in interconnection and intercommunication raises higher requirements for key technology breakthroughs such as consensus algorithms, cryptography, and cross-chain. From the current Moore chain's latest technical concepts and solutions Technical solutions such as PoS, DPoS consensus algorithm, fragmentation, zero-knowledge proof, DAG, sidechain, lightning network, etc., need to continuously break through the key technologies of the blockchain, and then promote the blockchain technology in a larger business scenario. Landed in the middle.\n\nFifth, the blockchain needs to be deeply integrated with the physical industry.\n\nFirst, the blockchain infrastructure has not yet been perfected, and killer applications such as WeChat and Alipay have not yet been born. The public's perception of blockchain only stays at the level of encrypted digital currency such as Bitcoin, and it has less contact with actual production and life, resulting in a lower impact of blockchain on people's production and lifestyle.\n\nSecond, it failed to truly exploit the innovative advantages of the blockchain in terms of technology, ideas and models. At present, most blockchain applications mainly make a fuss about the characteristics that blockchain data cannot be falsified, and explore innovative aspects of blockchain de-intermediation, traceability, trust, cooperation, incentive mechanism, etc. Blockchain + other emerging technologies\" research on the convergence of application development is far from enough. In fact, the research and exploration of the above key points will help blockchain technology find new logic, new methods and new models that are deeply integrated with the real industry, and solve the pain points of the physical industry.\n\nThird, it is limited to the development, promotion and deployment of blockchain systems. The cost of relevant safety assessment and testing is imperfect. There are certain security risks. The blockchain can only be applied on a small scale in some industries. Application trends.\n\nIn 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.\"\n\nFinally, 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.\"",
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      "parent_permlink": "mol",
      "author": "yinxuoge",
      "permlink": "moore-academy-cryptocurrency-is-irreversible-btc-will-not-disappear-but-there-is-still-a-long-way-to-go",
      "title": "Moore Academy - cryptocurrency is irreversible, BTC will not disappear, but there is still a long way to go",
      "body": "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. .\n![mol3.jpg](https://cdn.steemitimages.com/DQmcpSKXL13ZVxoHRUHXz8WFCupaM8TVXXKB2HTCmCtckiB/mol3.jpg)\nWhat 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.\n\nRegarding 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.\n\nQian 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.\n\nThe 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.\n\nIn 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.\n![mol2.jpg](https://cdn.steemitimages.com/DQmeW9cmcGnuKbb51XRqPgCRFMrch2tUf8V3TjEMMKXF8vS/mol2.jpg)\nIn 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.\n\nKey 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.\n\nKey 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.\n\nFocus 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.\n\nFocus 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.\n\nKey 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.\n\nDue 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.\n![mol4.jpg](https://cdn.steemitimages.com/DQmSBgMe9padkDvS2tWiHG6gFWgj4ri9BoeiemebsBFvpHi/mol4.jpg)\nDigital 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.\n\nIn 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.\"\n\nDigital 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.\n![mol1.jpg](https://cdn.steemitimages.com/DQmSdLhj9DtN3FsevX8f6iwgvssmQ6wa5sQyBx38EVfYDg5/mol1.jpg)\nThe 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!\n\nRecently, 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.\n\nFinally, 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.\"",
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      "permlink": "mol-moore-chain-school-bear-market-is-a-disaster-of-the-currency-circle-but-it-is-the-gospel-of-the-blockchain",
      "title": "MOL Moore Chain School - Bear market is a disaster of the currency circle, but it is the gospel of the blockchain",
      "body": "MOL Moore Chain School: The blockchain in 2018 is advancing in the rugged, from the ICO outbreak to the rapid fall to the rise of STO, from the battle of the public chain to the Dapp battle, from the red bull market to the winter bear market, from regulatory ambiguity to related supervision The regulations came out, from the three-point sleepless carnival last year to the fall of 700 people in the Bitian continent... This road does not look good, but despite this, the blockchain is in the cattle chain in 2018. In the middle, it is still moving towards the goal that we need to go to – creating real industrial value.\n![mol3.jpg](https://cdn.steemitimages.com/DQmcpSKXL13ZVxoHRUHXz8WFCupaM8TVXXKB2HTCmCtckiB/mol3.jpg)\nThe core of the blockchain is distributed rather than decentralized. The distributed system \"has no mandatory central control\", and the meaning here is clearly that the distributed system weakens the central control, rather than eliminating the central control. Blockchains are weakly centralized and sub-centralized. Going to the center is a process rather than a result. A new and new thing with higher efficiency and lower cost will definitely replace the old and rigid old center! This is the right way in the eyes of evolutionists!\n\nQian Haitao, founder of Moore Chain MOL, believes: \"The revolutionary significance of blockchain technology is unquestionable, but any attempt by anarchists in human society for thousands of years has ended in failure. Any innovation that breaks away from the real economy will surely In failure, the economic transformation is the inevitable result of social development, but no matter how big the virtual economy is inseparable from the support of the real economy. The virtual economy is born of the real economy and serves the real economy.\"\n\n1. Supervision is an aid to the development of blockchain, not an obstacle.\n\nIn 2018, global blockchain regulation has been tightened, and of course more stringent regulatory policies are aimed at virtual currency. Most notably, the supervision of ICO projects, in general, there are not many countries that have clear regulations on ICO, but more and more countries are strengthening and planning to regulate ICO policies.\n\nIn the long run, stricter regulation may limit the prosperity of digital currency, but it will never be a roadblock for the development of blockchain.\n\nThe decentralized nature of the blockchain and its anonymous confidentiality determine that it has a high probability that it will be illegal by criminals. In particular, virtual currency involves money and is not regulated. It is likely to become a large crime scene. The cold has also said that unregulated financial activities are the beginning of nightmares. If Nakamoto does not have anti-social personality, then I think he should not want the blockchain to become a human nightmare.\n\nTherefore, the most important significance of supervision is to lead the blockchain to the right path and the right direction, so that there is so-called sustainable development.\n\nQian Haitao, founder of Moore Chain MOL, believes that all effective supervision has a basic feature, that is, it cannot violate the direction of technological development, nor can it eliminate an existing technology. Once technology appears, it cannot be eliminated.\n![mol2.jpg](https://cdn.steemitimages.com/DQmeW9cmcGnuKbb51XRqPgCRFMrch2tUf8V3TjEMMKXF8vS/mol2.jpg)\nSupervision is an aid to the development of blockchain. It can't be hindered (and it can't be hindered). It's really a hindrance. It is only a part of the company that is not in the rules, not the whole industry. The landing, refinement and tightening of supervision are conducive to the standardization and transparency of the entire industry, stifling the bad signs of speculators leaving money, and encouraging down-to-earth officers to lead the blockchain to the application.\n\nIn 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.\"\n\n2, the bear market: the disaster of the currency circle, the gospel of the chain\n\nQian Haitao, the founder of Moore Chain MOL, believes: \"The bear market is a disaster in the currency circle, but it has become a gospel in the chain.\"\n\nFirst of all, the project sparse situation is no longer, and good projects get more attention. Despite the difficulty in financing the blockchain project under the bear market, the arrival of the bear market has optimized the structure of the entire project market to some extent: the project has fled and the project has stayed behind. So to a certain extent, let the good projects left behind get more attention from investors.\n\nSecondly, it stabilized the heart of the chain. In fact, the currency circle and the chain circle are not opposite, and they are not clearly defined. However, the excessive prosperity of the currency circle has indeed had a bad influence on the chain circle, that is, people are encouraged to raise money and flicker financing without the need for a good officer. Thoughts. You should know that when air coins can be used to make money, more people are unwilling to do practical things. Humanity cannot stand the test. But when the currency is not good, this temptation is gone.\n![mol4.jpg](https://cdn.steemitimages.com/DQmSBgMe9padkDvS2tWiHG6gFWgj4ri9BoeiemebsBFvpHi/mol4.jpg)\nFor investors, the most important thing is the income.\n\nTherefore, when the coin market is bullish, there is a joke that says: investing in the blockchain chain project, blind investment can make money. Although it is a joke, there is a real component. For most investors, it is not important that a blockchain project can create real value. They don't care. If they have money, they are willing to vote. Therefore, the result of the bull market in the currency circle is that most of the funds flowed to the virtual currency trading market, and idling on it became a group of people's gambling carnival. Finally, only a small amount of funds were left to the chain of projects.\n\nWhen the bear market came, let investors understand that the currency circle could not make money, they began to consider retreating (or being cut), so the currency bubble was squeezed out a considerable part. Of course, some of them will no longer consider investing in blockchains, so the bear market has damaged the entire blockchain industry to a certain extent, but believes that investors in the blockchain are becoming more and more patient in making money, and they will also focus on The bear market is doing real things, and no longer pays attention to the fluctuation of the currency price. This is a good thing for the chain people, after all, it takes time to polish a good project.\n\nQian Haitao, founder of Moore Chain MOL, believes: \"The virtual currency market cannot be regarded as a pure blockchain industry segment, because many of the virtual currencies do not necessarily have actual development projects under support, and they are not necessarily true. Blockchain technology, so the prosperity of the virtual currency market in the first half of 2018 does not accurately explain the prosperity of the blockchain industry. This is a false prosperity of the blockchain, and when the virtual currency market is no longer prosperous, we can See a more realistic blockchain industry.\"\n![mol1.jpg](https://cdn.steemitimages.com/DQmSdLhj9DtN3FsevX8f6iwgvssmQ6wa5sQyBx38EVfYDg5/mol1.jpg)\n\n3, blockchain practitioners go out, all are true love\n\nThey came because of money, and because of money, the desire for money has always been there, and the belief in the blockchain is vulnerable. There is no right or wrong, just a personal choice. But for the entire blockchain industry, it is not a good thing that the practitioners have gone out.\n\nTalents have always been the core competitiveness of enterprises and the main fuel for promoting the development of the industry. Only those who really love the blockchain believe that blockchain technology can create value. In the development of blockchain twists and turns, it is often more fearless and difficult to run in a bear market, and better to find hope in disappointment. More firmly contribute to the industry.\n\nAnd back to the blockchain talents, in fact, the high-end talents in the blockchain, especially the technical aspects, are still very scarce, but this year there is a good signal: the world's major universities have opened blockchains. Courses to train quality blockchain talents. This will lay a certain foundation for the future development of blockchain.\n\n2018 can be said to be a part of the blockchain bubble period, but it is also a starting point for the deep-growing blockchain technology enterprises to carry on the past, to build up, and to make great achievements. The blockchain industry is the target of 2018 and will be the theme of 2019.\n\nFinally, 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.\"",
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