SHIB infected with "rabies", fighting stupid or a victory for the common people? | Roast Boy Observation
May 8, 2021 is a special day. On this day, everyone collectively "eat shi" with great enthusiasm...
It's not a bad word. The "sudden emergence" of SHIB has had a huge impact on the entire industry order. From nonsense, to a strong "takeoff", when everyone thought that the FOMO sentiment had come to an end, it was still able to land on the exchange against the trend, and the concentrated and huge trading volume directly shut down several major trading platforms. To this day, Binance, one of the leading centralized exchanges, has finally bowed to this "young traffic".
Based on this alone, the strongest "traffic" SHIB is enough to pre-book a place in the "Top Ten Wonders of the Industry in 2021".
It seems that as long as there is good news as big as dust, it can take advantage of the momentum to rise. SHIB has subverted the cognition of many senior investors and has become the Bermuda of investment logic. Newton Einstein Hawking can't control the "absolute field".Today, Bazai will take you behind all this and discover the clues behind this carnival.One thing to say, when Bazai first saw SHIB's white paper, he still had some Respect for this project.The idea of establishing SHIB originated from the WSB retail investors' tough Wall Street event in early 2021. When retail investors were almost able to pick the fruits of victory, the "rules of the game" formulation party directly "unplugged the network cable" to stop, and retail investors could only accept this helpless result. The white paper of SHIB also expresses very directly, "This is the result of centralization."If there is no centralized team, no funds, and no direct leadership, where will the project established in this way go in the end?This is the original "system" of SHIB.The slogan of SHIB is "All From Zero". In other words, the team wants to go through the initial state of having nothing, and finally achieve the operational effect that the existing centralized operation team in the market can achieve.This is how the SHIB team was formed.Ryoshi, the founder of SHIB, is an old player in the industry. It is reported that he admires Ethereum very much and has always been keen to find a way to ensure that a project can start from scratch and grow in a purely decentralized way through technical means. Ryoshi has publicly stated that SHIB's team was not pre-organized, and that the various members of the team had never worked together. They were a new team that formed spontaneously from developers, designers, moderators, marketers, and financial tellers.In the original words of the SHIB white paper, they regard SHIB as "a social experiment", a "decentralized spontaneous community", everyone participating in SHIB is the same, all beings are equal, and everything starts from scratch. Look, is it a bit of a real blockchain?And why is "SHIB" a "Shiba Inu coin"? It's all just because SHIB's team members love Shiba Inu.SHIB is implementing the concept of "All From Zero" with this "willfulness".Let's talk about SHIB's economic model.The total amount of SHIB is 1000 trillion, and the starting price has countless 0s behind the decimal point. According to the vision of the SHIB community, it is hoped to "eat" these countless zeros one by one. So far, the results have been remarkable, from the initial 14 zeros after the decimal point, to now there are only 5 zeros left.It's hard to imagine, what does it mean when all 0s are really "eaten"? Does this represent the ultimate victory for the spirit of a fully decentralized blockchain?The token mechanism of SHIB is also very interesting.First, teams will not be assigned any tokens. Want tokens? No matter who you are, you have to go to the market to buy.Secondly, the 1000 trillion tokens are divided into two parts, and 500 trillion was sent to V God. At present, these SHIBs are worth 8 billion US dollars. Do you guys have "billion points" envy?(Shib team and God V are together)The other 500 trillion SHIBs and 10 ETHs form a transaction pool, and the private key of the transaction pool is destroyed. The team imagines that if one day SHIB cannot be circulated in the market, it can exchange the corresponding proportion of ETH in this trading pool according to the share of SHIB held.This is a back road left by the team, so that SHIB will not completely return to zero.
Of course, this is the beautiful vision of the SHIB team.Next, Bazai will take everyone to see SHIB's road to "Fengshen".Going back to March 2021, Musk has been calling for a single "dog", and "dog" obviously has his own ideas, and the increase has been limited for quite a while.Instead, Musk tweeted that "I want to buy Shiba", and SHIB rose accordingly.
This is probably the first time that SHIB broke into the public eye, and it was also the first time that SHIB was "summoned and pulled".
When SHIB connected with Musk, everything after that became logical. "Passive" was launched by more than a dozen centralized exchanges, which triggered large-scale exchange server maintenance. Binance issued a public document stating that it will arrange SHIB to be listed in the innovation zone today."Dog" and SHIB even gave birth to the "small animal plate", Akita Akita, PIG, Husky husky, puppy DOG, guide dog LBD...and the "small animals" are still very active. The price of Pig was only Around 0.00000006, today the highest reached 0.00000096 US dollars, an increase of more than 60% within 24 hours.So where did this collective reaction come from?Bazai randomly interviewed several SHIB holders and found that most of the participants have never considered the technical prospects and decentralization value of SHIB. The reason for their intervention is actually very simple and crude: cheap/I also buy when others buy/lose Don't feel sorry for winning several times.These reasons sound impulsive and hasty, but they represent the true mentality of many grassroots retail investors.What exactly do retail investors want? Just like the original intention of the SHIB team, it is also the original intention of WSB retail investors to resist Wall Street. They want to gain profits, voice and equal status in such a market environment. And these are currently in the hands of the elite.Bitcoin and Ethereum, once advertised as "anti-elite", are becoming more and more "elite" (and more expensive). Bitcoin has become a game between Wall Street and giant whales, while the Ethereum ecosystem has become a paradise for scientists. Retail investors who do not understand finance and code cannot integrate into the community at all.The emotions of the mass retail investors need an outlet. Therefore, Musk, who has always been known as "rebellious", raised his arms and became the spokesperson of "anti-elite" culture. He called out "Dog Dog", and "Dog Dog" rose like a rainbow. He called out SHIB, and SHIB became famous.
However, you can't blindly believe in Musk because of this. We'll also see his re-emergence for "Doggie" on "Saturday Night Live," but not as much as it should. Perhaps, the public's enthusiasm for "dogs" is fading.But "dogs" aren't going away, and neither will SHIB. They will exist as part of the multiculturalism of the encryption industry, because there is a considerable group that endorses them with an emotion.This world is not black and white, because of its diversity, it is unpredictable, so it is very exciting. 
