Original title: Digital currency is ups and downs Blockchain technology is being played badly
“Before the technology matures and is recognized, the hype is against the laws of people using new technologies. When people open their mouths and block the blockchain technology, they rarely understand the technology and have the motivation to improve the technology.”
In contrast to the previous surge, digital currencies have recently entered a bear market. On the day of August 14 alone, the mainstream digital currency, the price of Ethereum, plummeted by 20%, hitting a record low this year. Compared with the highest historical price of $19,783 at the end of last year, the price of Bitcoin has fallen by as much as 70%. However, the discussion on the digital currency in the public opinion field has not stalled, and there are still people who are eager to move and wait for the opportunity to enter the market.
Digital currency is the digital form of money, which is created on the premise of the application of blockchain technology. However, compared to the crazy currency circle, there are far fewer people who can tell what the blockchain technology is.
Simply put, the blockchain technology is characterized by decentralization, openness, and transparency, so that everyone can participate in database records. Some people have placed deep expectations on the invention of digital currency, and believe that it is safe and convenient, and it is the trend of future economic development. However, at this stage, digital currency is still unable to replace the physical currency issued by countries, and it is difficult to maintain a relatively stable value. Moreover, digital currency can only be reflected in its value by redeeming it into a physical currency, and there are very few merchants directly accepting digital currency transactions. For this reason, the voice of questioning that digital currency is a bubble, a circle of money, and cutting a leek has never stopped.
Of course, only after a period of time can we really determine the value of a new technology. It is too early to pessimistically identify that the digital currency is nothing, or optimistically assert that it dominates the future.
The problem is that before the technology matures and is recognized, the hype is against the laws of people using new technologies. When people open their mouths and block the blockchain technology, they rarely understand the technology and have the motivation to improve the technology. The Wall Street Journal analyzed 1,450 digital currency issuance projects, of which 111 were white papers with duplicate content, 124 project team information frauds, and even some projects did not even have websites. Obviously, the people who initiated these projects did not think about promoting technological change, but only the abacus of financing money.
More followers are fooled by the concept of digital currency. Some organizations and individuals who hide all kinds of interests appeal the benefits of digital currency. In the field of public opinion, some individuals and self-media also follow the trend, as if who is a big voice, whoever speaks the value of the digital currency is the biggest.
Even the blockchain technology is almost being played, and all kinds of products with the blockchain flag, but the products that have nothing to do with the blockchain come into play. In the Spring Festival this year, a health care product introduced the “blockchain” application in the promotion, claiming that through the “decentralized” Internet tools, more people are encouraged to participate in the “block” that gives parents filial piety. irony.
Using the public's belief in science and exaggerating the influence of technology that is still in the exploration period is the old routine of the bluff. A lot of digital currencies are traps crafted by scammers. In the real world, there are many such lessons. For example, the once-famous “Ba-Tie” project was accused of illegally raising more than 4 billion yuan. The police filed for investigation according to law... Paying for the development of technology, even paying the price of failure, can be forgiven, but knowing the technical prospects. In the case of uncertainty, the malicious person lures ordinary people to the hook, and how can they escape the suspicion of "cutting the leek".
Digital currency has risen and fallen, and it has its own market rules. Some people who illegally finance and engage in the issuance of tokens will eventually be subject to moral condemnation and legal sanctions. In this process, the most innocent thing is the blockchain technology. The technique seems to be a little girl dressed up, and it will be blown into the sky for a while, and then it will be hit into the dust, but it will not see how much substantial development it has gained. Profit-seeking capital and people who lack a clear understanding of the laws governing the development of technology should fully reflect on it.