Road to Decacorn

"Each of the two protocols would be impossible to implement in the traditional finance world simply because there is no such thing as trustlessness there (you always need an intermediary). Even if that were possible, combining these two protocols would be as much of a challenge as it would be to integrate Fidelity Index Funds (Balancer) with Nasdaq (Gnosis) under one single platform." ~ Fernando Martinelli, CEO of Balancer Interoperability and composability means that protocols can benefit from one another without hostile takeovers. Why bother with takeovers when a friendly integration can accomplish the same effects?  Crypto is all about incentives — which means it's a problem that money can fix.  #MoneyLego https://cointelegraph.com/news/money-legos-keep-stacking-finance-redefined-4-21-4-28

Bitcoin The transition from the analog world to a digitally native society requires programmable money. Decentralized server architecture to establish the internet of value. Bitcoin mining is the backbone of this evolution.  Bitcoin has reached critical network effects and is the logical choice for a digitally native global reserve currency. The internet of value — where value is transmitted as efficiently, cheaply and reliably as data is now — is free from any individual government or entity’s control.  The decentralization of Bitcoin’s computing power will continue to improve as more energy producers recognize the benefits of converting excess energy into digital assets through Bitcoin mining.  Bitcoin mining is necessary to establish layer-one security for the decentralized economy, a function that central banks now provide for the fiat-centric global economy.  Bitcoin’s strength is that it has the world’s most powerful computing network with which to secure the d...

Credible Neutrality  - a basic effort to be fair As a neutral infrastructure, not as a biased platform.  The systems, protocols and incentives we create now can be less susceptible to censorship, government overreach and misinformation. Finality ... how Eth2 can continue producing blocks, even if there is a massive disruption that knocks a large number of validators offline, preventing the network from reaching finality. This robustness allows essential business functions to continue operating on Eth2, despite massive network disruptions. On Eth2, validators default to being anonymous with no delegation. When someone attempts to censor, they will have a difficult time coercing a sufficient number of globally distributed, and mostly anonymous, validators to execute their will over an extended period of time. Minimum Viable Issuance Users, enterprises and governments can feel confident working with Eth2 because its base unit issuance is only used for one specific purpose: securi...

“不太一樣，美金這種長期穩定的貨幣一旦貶值必然也是長期性的貶值，而且印鈔這種東西跟吸毒一樣只會越印越多，美金只會越來越貶值而已。 比特幣雖然波動大，但比特幣總量固定，只要過了這段價值填充的階段，將會趨向穩定，而且會比不斷印鈔的美金保值。所以這段價值填充的階段雖然價格不穩定，但是投資價值高，等到價格穩定了，投資價值就不高了，會變成避險價值高。”   According to Credit Suisse's "Global Wealth Report 2020", there are 51.9 million individuals with a net worth surpassing $1 million.  The index considers a person's net worth, along with their financial and real estate assets, while al deducting their debts and liabilities. According to Credit Suisse's individual wealth breakdown, 175,700 people were worth more than $50 million.  Of these, 55,800 were worth at least $100 million, and 4,410 had wealth over $500 million. Despite representing just 1% of the global population (excluding children), these millionaires own 43% of the world's wealth. Excluding the 1.9 million coins that haven't been touched for over a decade, there is a maximum limit of 19.2 million BTC available for the world's 51.9 million millionaires. Saving 0.01 Bitc...

 If blockchain is the foundation to a truly digital model, then governance is the key to linking together the on and off-chain worlds.  Governance itself encompasses and dictates the functionality of blockchain, from its organization structure to workflow execution, voting and incentives.  1. The digital world cannot be separated from reality. On-chain governance dictates the usage of external funds, energy and human resources. It is both a reflection of today’s paradigm and a looking glass into the future.  2. The on and off-chain worlds are merging as the boundaries between social and corporate governance become increasingly blurred.  Significantly bolstering the pressing need for next generation governance at the protocol level. 3. The market is currently dominated by stake-weighted voting, which gravitates towards greater centralization, dynamic adjustments and third-party proxy agents. On-chain governance depends heavily upon a network’s consensus mechanism...

 Bitcoin’s time has come: TIME magazine to hold BTC on balance sheet MicroStrategy announces Bitcoin bonuses for board of directors instead of cash 5 largest regulated US digital asset managers hold over $46B of crypto https://cointelegraph.com/news/bitcoin-s-time-has-come-time-magazine-to-hold-btc-on-balance-sheet https://cointelegraph.com/news/microstrategy-announces-bitcoin-bonuses-for-board-of-directors-instead-of-cash https://cointelegraph.com/news/5-largest-regulated-us-digital-asset-managers-hold-over-46b-of-crypto

 ease of use and user control over funds transaction finality network reliability (trade-offs) We need a simple, social way for people to pay, leveraging human-readable usernames and contact lists. more user-friendly solutions underscore the unfortunate direction toward centralization, as easy-to-use solutions are hard to make decentralized. The danger that end-users will simply trust bank-like companies The real risk isn’t that cryptocurrency ease-of-use solutions will struggle or fail to take hold.  The greater risk is that fully custodial solutions will simply win out, returning us to the same old financial system we sought to escape from, only (allegedly) backed by crypto. If we’re not careful, in the future we could be spending our cryptocurrency through the exact same companies and services we used for our fiat currency, still at the mercy of the same players we sought freedom from in the first place. We’re at a crossroads: Create ease of use in a decentralized way or le...

Web 1.0 - Disseminating information Web 2.0 - Connecting people  - social, mobile, cloud Web 3.0 - Safeguard value (information, truth, digital assets) - edge computing, decentralized data networks, artificial intelligence How NFTs, DeFi and Web 3.0 are intertwined, Nitin Gaur https://cointelegraph.com/news/how-nfts-defi-and-web-3-0-are-intertwined

 Asset tokenization is essential to not only powering the next-generation digital economy, but also to paving the way for new business models built upon the “instance economy.”  This spectrum of technology-driven platform and the use cases that exploit them rely on some of the manifestation of value.  This digitization, be it systemically generated in the form of a transaction utility coin or a layer-two token that relies on the underlying coin for its valuation, is nothing but a digitized notation of an instrument that has a real or perceived value. technology-based systemic governance comprising incentives and mechanisms of coordination.  digital interactions and value-exchange mechanisms. blockchain itself provides the technology constructs to facilitate exchange, ownership, and trust in the network, it is in the digitization of value elements where asset tokenization is essential. 1) Digitization is the first step in many enterprise and permissionless blockchain ...

 互联网大数据时代，数据可以产生信用了。 阿里自认为它代表新的时代，数据和信息也能产生信用了。 注意，这确实是 人类财富历史的一个新纪元的开始 。 以前都是有实物的，黄金、白银，看得见摸得着的，谁能相信数字能够产生财富啊？ 以前不可能有这个概念的，数字随便在纸上写写，你能说它是财富吗？不可能。 必须是大数据时代才能产生这种现象。 为什么我们进入大数据时代就有实质性的不同呢？ 主笔后面要谈到量子力学给我们带来的世界观，本体论。 以量子本体论来说，这个世界是按所谓去中心化计算思维去演化的，并且所有复杂系统都是分布式计算的结果。亚当斯密的所谓自由市场体系，也是典型的去中心化的计算系统；因为它执行的基本协议非常简单，就是 互通有无、等价交换 ，计算的结果就是人类社会分工的不断精细。 开始超越了银行在最贵的地方盖最贵的大楼这种高成本的生产信用模式 ，这样一种信用产生的逻辑，他们开始发现大数据也可以产生人的信用，其实这并不特别怪异。 未来大数据是可以产生财富共识的，而且成本要比现在银行低很多。 未来人类开始走向数据产生信用，产生财富的时代。 Facebook每年拿大家20多亿用户的数据，能收入400亿美金，挣的几乎跟标致汽车公司一个数量级的利润，你说这得创造多少财富？ 发挥数据产生财富的潜能 中本聪最伟大的创造是什么？ 私钥签名解决了数据所有权的问题， 数据第一次能属于谁了。 为什么叫加密数字资产？ 跟中国开始发房产证搞住房私有化一个道理。 紧接着以太坊搞一个不可停止的智能合约， 都是为这个服务的。 未来区块链时代最伟大之处，是能够让我们在互联网上的 大数据确权 到每个人，让每个人的数据能成就为我们每个人的财富共识。 人类社会进步为什么需要财富？最根本的原因是人类文明的自由市场架构需要交易。 但是在交易过程中，为了提高交易效率，尤其是陌生人之间能够大规模的交易完成，需要认知革命，从而抽象创造出信用、信用资源或者信用等价物等共识。通俗的说就是“钱”，这类的东西慢慢就抽象出财富的概念。 所有这些万变不离其宗，只要能增加交易中的信任、信用资源，能帮助市场中的交易更好的大规模的完成，它们的就有机会形成财富全球信用共识； 这是《人类简史》里说的人类的认知革命的一部分： 价值的认知抽象。 就是当初智人HomoSapiens战胜了所有其他种群的原始人类的制胜法宝，是伟大的人类进化最绚...

 财富再往前发展，需要更精确地价值度量，需要更高的流动性。 货币显然属于财富认知共识的范畴，它是帮助亚当斯密自由市场系统交易的信用资源。更具体的说，它是财富共识的度量，它还要为财富提供更好的流动性。 你要按现在金融服务标准来说，每次百分之十左右的 *信用流通成本* 确实太高了。 当自由市场繁荣到一定程度的需要，传统的锚定金银，靠物的稀缺性产生信用共识已经不能为全球的贸易提供足够的信用资源性支持。银行业实际上在为整个自由市场生产新的信用资源。 银行通过信誉借贷（常常伴随质押）为市场产生财富共识的原理基础。 从历史上看，一种新型信用的产生模式，开始阶段往往大起大落，确实让很多人局部受损失，所以这是很容易被骂为骗子。银行业从板凳开始发展到在最贵的地方盖最贵的大楼，也是长达几百年的过程。其实在人类历史上，为人类创造财富的这些人，创造信用共识的这些人，很多都是顶着命去干的。 没有足够多的产业利润为这些信用做支撑，经常流动性不够，所以很容易造成风险事件。 #信用资源 历史的发展就是说，从长远的时间轴看过来，基本上都是这么风雨如磐走过来的。都是一部血泪史，多少人为人类创造财富赴汤蹈火，付出了生命代价？ 但是你正确的看待整个人类历史的发展才会明白，这些人为人类创造了财富，创造了信用共识和价值，推动了全球市场协同和分工，为人类的文明、繁荣发展做出了贡献。 它是整个人类进化认知革命的一部分，是通过亚当斯密这种自由市场，成为人类现代文明的建设者，我们现在应该比较理性的认识 从纸币到数字货币／移动支付：数据作为信用资源。

人类一定要能创造抽象概念，就是创造不是直接肉眼所及的概念，能抽象出来，能让大家都相信它，能达到共识。这样一来，人类的协同范围就突破了150人的上限。 因为我们都信黄金。也就是说，我们俩不用认识，但是我们对黄金有共识，我们把黄金抽象出来，认为它是财富，我们共同相信它。需要注意的是，这是抽象的财富概念和共识。 黄金作为人类共同的信用资源，作为了财富的象征，并不是因为它本身有很大的使用价值，而是亿万人达成了某种抽象的认知共识。当然，也可以反过来推演，因为人类利用黄金的稀缺达成了全球信用的共识，它作为财富的共识价值远远超出了它在其他应用场景的使用价值，因此就更加阻止了其在工业和其他行业的应用。 错误的财富观让一些人抱定财富就是有使用价值的物，认为占有越来越多的生产资料、产品和资源，就等于占有财富，这种财富观和行为不仅对于自由市场交易没有帮助，历史上还多次引发经济衰退甚至农民革命，尤其是很多王朝末期，因为这样做通常的后果就是市场上信用资源枯竭，经济萎缩同时让中央政府税收系统的崩塌。 仅仅占有实物和资源不等于拥有财富，创造了自由市场的信用，并进行了一场认知革命才开始拥有财富。 为什么后来说数字货币、比特币能成为财富？后面主笔要深入地讲，那是上万年认知革命的延续，是人类文明进化的延续。 从这样一个视角我们就很好理解：人类创造财富的抽象是人类文明所必需，是人类整个自由市场建立所必须，大量的高效率交易进行所必需，只有足够多的财富，才能保证全人类大规模的产业协同能够完成。 https://www.jinse.com/blockchain/1053914.html