The investment logic of this article is different from that of most analysts in the current market, because the targets mentioned in this article hardly involve the in-depth study of economic models and the elaboration of technical strength, but from a political point of view, so it is called "Bit Politics" ".
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Blockchain information, which cannot be tampered with, is transparent, and secure, is more focused on "production relations." The main job of politics is to deal with relationships: the relationship between countries, the relationship between the people and the government, and the relationship between different teams and individuals within the government. It's all about the realm of "relationships," where powerful connections are bound to emerge at some point. However, the blockchain of government affairs is beyond the scope of this article.
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Bitcoin: a confrontation and fusion of hardware and finance
The computing power of Bitcoin is more in the hands of a large manufacturing country. It is hard to say whether the currency is also in the hands of a large manufacturing country. The general view is that more coins are in the hands of Americans. It is really hard to say who has more than whom, but a large manufacturing country must control more than 51% of the computing power, but not too high, for example, 80% or even 90% of the computing power is in one country. This will be too centralized. If it is too centralized in the early stage, there will be no way for this game to continue. This is the possible reason for the policy orientation, which is tight for a while and loose for a while-just like flying a kite, the string is released and taken up, and the string is not out of hand.
The United States regards Bitcoin more as a financial tool. There are many conjectures about the creation of this currency. Someone must know who Satoshi Nakamoto is, at least Satoshi Nakamoto himself (or they). It is the financial logic of the United States again, so the price of Bitcoin is getting higher and higher. Of course, the driving force behind it is not retail investors, but institutions. Large institutions have already entered the market (to check how long Bitcoin has not been moved), but it has only surfaced in the past year.
I have computing power, and I have the ability to launch a 51% computing power attack at any time to make your coins return to zero; I have coins, and I can smash you to zero at any time. You don't do it, I don't do it, a continuous game is going on, and then those who have coins will gradually have mining machines in their hands, and those who have mining machines will gradually have coins in their hands, reaching the point where there are me and me among you There is your balance in it. Politics is the art of balance.
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Public chain game
It seems that all the big public chain teams are based in the United States (Bitcoin is a special public chain, which is not included in this scope). However, if you check the public chains where the top 20 coins are located, you will know which ones are related to the Chinese or our country. You can check who is the early investor (institution) of the Ethereum public chain, who is the most important pusher, and what kind of different connections have appeared behind the pusher, and you will know that Ethereum, like Bitcoin, has risen as a whole It is not as simple as technology and community.
Why did I let everyone pay attention to Conflux in October last year? Now that the price has risen, one after another calls to say that they have made ten times the profit, or that they have not taken it. Among these people are experts who study economic models, experts who study technical strength, and experts who study community dynamics. However, in terms of the value analysis of leading domestic public chains, these model studies are prone to failure-the economic model can be changed, the technology can be changed, and the community? In the face of large organizations, the population of a place is not difficult to change. The essential reasons are none of these.
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Stable currency game
Why did I write an article explaining Curve's token governance design? Why is its platform data so detailed? Why is Curve's currency price increasing at a normal rate, and we just talk about it in detail without mentioning anything else? For example, since more than two months in 2021, many other currencies have increased by more than ten times, and this currency does not seem to be outstanding. Because currency price fluctuations are not a key factor for the medium and long-term layout.
Let me ask you a question, currently, in terms of the "currency" attribute, which currency is the most useful for encrypted assets? Bitcoin? Ethereum?
Because Bitcoin can buy Tesla, can buy Windows operating system, or go to the dark web to trade something? In terms of currency attributes, stable coins are important at present and in the future.
USDC, USDN, GUSD, PAX, DAI, USDT… Where is (one of) the largest trading venues? Curve. For now, Curve, as a large stablecoin exchange platform, has a relatively stable value.
Summarize
Summarize
This article explains another perspective of project analysis, and also shows that there is no real utopia in the encrypted world (or the whole world). Don't be superstitious about a certain analysis method, and don't think that decentralization is greater than centralization.
Things that last for a long time must have reached some kind of balance. All our attention, love, passion, frustration, anger, investment, hype, and other activities and emotions about new things (such as blockchain and encrypted assets) are due to the unfinished balance. After many years, the balance is slowly reached. Maybe only looking back on the past can there be throbbing when I was a teenager.
