Paradox 1: The three major power institutions that are in charge of the destiny of the blockchain network-Bitmain, Jianan Zhizhi and Ebond Technology are about to land on the Hong Kong Stock Exchange. Listing, this is undoubtedly the biggest irony of the token economy. Those who advocate the token economy, mining machine manufacturers, exchanges, investment institutions, and project owners are all doing equity investments or IPOs. These power institutions that control the digital currency world are playing traditional financial games under the banner of the token economy. Don't want currency rights to equity, don't ICO or IPO, mocking them is classical financial thinking and classical Internet thinking, nothing more than "you stand on the bridge and look at the scenery and the people who look at the scenery are looking at you upstairs."
Paradox 2: Contempt for centralized organizations, but hope that authoritative institutions will recognize and supervise the rise of Bitcoin and Bitcoin ETF hype. A world that despises centralized organizations and challenges authority is looking forward to the approval of the US Congress, the US Securities and Exchange Commission, the Federal Reserve, the Chicago Mercantile Exchange and other authoritative institutions every day, and hopes to receive their effective supervision. The essence of this paradox is no different from money laundering. Those with vested interests have made money by robbing houses and set up a field, and then moved closer to authoritative institutions, hoping to be recognized by legal institutions, thereby realizing the legalization of wealth and status.
Paradox 3: It is difficult to say that financing is a reason for ICO, and in turn, set various thresholds for investors. Why do ICOs? Because IPOs are difficult, the authority controls the financing channels, and small businesses cannot get funds. Not being able to borrow money or financing is not a problem, let alone a reason for ICO. A poor and unknown person asked you to borrow money, would you lend it to him? What's interesting is that the term ICO is a copy of IPO. Nowadays, some institutions that have obtained money through ICO, in turn, put forward reasons for preventing and controlling risks and protecting investment, setting various thresholds for ICO and listing, and exchanges charge sky-high listing fees. Aren't IPOs and financial controls just guarding against risks?
Paradox 4: In a decentralized world, centralized exchanges and mining machine manufacturers are stuck in the throat. Blockchain people will tell you that this is a decentralized world. However, the reality is that the world is controlled by centralized exchanges and mining machine manufacturers. What's more terrible is that compared to the financial market being subject to various regulatory constraints, centralized exchanges and mining machine manufacturers control the power of life and death, get stuck in the throat, and can even instantly destroy the blockchain world. Centralized exchanges and mining machine manufacturers are themselves anti-blockchain. Anti-blockchain institutions set up decentralized game rules, do you believe it?
Paradox 5: Known as the safest and most private, hacker attacks often occur. Known as the safest and most private, even the network is controlled by others. How can it be safe? At present, the security of the trading system of most exchanges is far from that of stock exchanges, and the security of most coins and public chains is far from that of banking systems. Hacking and theft of coins happen almost every day. In the blockchain network, the most secure, reliable and trustworthy thing is that distributed ledgers are not easy to be tampered with. In fact, the Ethereum DAO incident tells us that even Ethereum can roll back and tamper with the ledgers.
Paradox 6: The "Utopia"-like community system and constitution are actually used for hundreds of years of agency system. The community system is about to replace centralized systems such as political systems and corporate systems, creating a system for everyone to vote and everyone Participate in the equality mechanism and formulate our own constitution. In fact, the super node used by EOS DPOS is a very mature agent system in the West. The so-called constitution is the western judicial system. EOS's DPOS and the POS that Ethereum wants to adopt are actually games for the rich. The POW itself is good, and now it has become a "warlord" game. Ironically, it is still difficult to learn from the mature political agent system and judicial system in the West. EOS also has the problem of excessive powers of law enforcement agencies to veto transactions, while BM easily abolished the draft constitution, and various election bribery problems appeared in the election of super nodes. . To put it bluntly, other people's mature games don't play well, and they talk about decentralization.
Paradox 7: Mining is originally an incentive method to achieve distributed accounting, but it has become a mechanism for the POW setting of the capital board game. It is hoped that through the method of rewarding bitcoins through digging, nodes will be rewarded for the right to keep accounts, and distributed Keep accounts so that this blockchain network can function. Then, all kinds of transaction mining, footwashing mining, running mining, reading mining, cycling mining, coin-holding mining, etc. have exploded. Mining has been reduced from means to purpose. Everyone jumped into the money game and forgot The original intention is actually anti-blockchain. Under the prevalence of the wool party, all kinds of funds and Ponzi scam games come in by mining methods, and the legal side knife falls at any time.
Paradox 8: Attacking the over-issued currency of central banks, the digital currency market is the real "water over the golden mountain". The fans of Bitcoin all hate the over-issued currency of central banks, causing inflation and asset bubbles. Bitcoin is a kind of deflation. Type of currency, quantitative issuance is clearly aimed at the central bank’s abuse of currency issuance power. In fact, the issuance mechanism of Bitcoin is out of the market and cannot be regarded as a real currency. It is not even qualified to cause inflation. On the other hand, look at the current digital currency market again. The degree of currency over-issuance is appalling. A large number of tokens are issued at random and indiscriminately. Project parties can set their own prices and quantify at will. The market can be described as "a golden mountain of water. If anyone who really understands finance knows, the Fed's currency issuance mechanism is 10,000 times stronger than the current Bitcoin, which is not a level at all.
Paradox 9: Tokens are financial innovations, but anti-blockchains, disguised securities, and Ponzi schemes all say that tokens are financial innovations, and smart contracts are blockchain 2.0. They say that currency rights are better than equity. where? Where is the innovation? The irony is that no one can make it clear today, what is a token? Not securities, not currency, what is that? One thing that you don't know who you are is financial innovation. In fact, the token itself is centralized, anti-blockchain, a tool for imitating IPOs to engage in ICO money, and issuing securities in disguise. Therefore, whether it is the United States, Japan, or China, the regulatory authorities classify it as securities or illegal securities, and there is even more suspicion of a Ponzi scheme. Centralized tokens are actually not blockchains, let alone financial innovations, and they cannot avoid anti-blockchains, disguised securities and Ponzi schemes.
Paradox 10: Holding high the belief in equality, freedom, democracy, openness, transparency, and trust, playing false transactions, scalping traffic, forging projects, worshiping power, internet celebrities, and money, Comrade Li Xiaolai told the truth about the industry. The currency circle holds high the banner of equality, freedom, democracy, openness, transparency, and trust. What is it doing? The exchanges have swiped the volume and created a large number of false transactions, which has been suspected of being illegal in the securities market, and it has also hit the face of the open and transparent blockchain. The media frantically reads, and the manufacturing industry is falsely prosperous. These are all pediatrics. The counterfeit project, a Taobao version of the white paper, says to change the world, redefine the future, and deceive everywhere. Many of the projects that have been on the market for a year or two have failed to commit to the target and the projects have made no progress. The craziest thing is that the industry creates Internet celebrity and celebrity effects, playing false games of power, celebrity, and money worship. As for which beliefs, if you take it seriously, you will lose, and you may lose your fortune if you lose.
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