Introduction: Daddy Ma, I still want to continue talking to you about Ethereum.
 
Ethereum was developed by Vitalik, a 19-year-old boy who dropped out of high school. He solved the problem of corporate finance while allowing users to enjoy digital assets created by users.
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Ethereum referred to as ETH, Ethereum. Vitalik is commonly known as V-God

(a) Taobao
In my opinion, there are two biggest assets of Taobao, one is the details page of the product, and the other is the comment on Taobao. Product details page is 10 million Taobao merchants, night out to optimize the product description, video. If not, what is Taobao? The comments on Taobao are the same as the value of the brand, because they both increase the efficiency of the users' decisions and the value of the brand. The value of the Coca-Cola brand is 100 billion US dollars. These reviews were written by billions of Taobao users. Taobao's assets are created jointly by Taobao sellers and users, but users and shopkeepers have not been assigned 1 cents worth of Taobao's trillion worth of money. Daddy Ma, you also took Ali to the US for listing. Even the chance to become an Ali stockholder is gone. Is this fair?
 
(B) Baidu
I also want to talk about Baidu, Baidu crawled the content of the site and we have user generated content on various websites, so Baidu's value is also generated by the user of the content, and the site created, but when you want your users When you find it, you need to buy Baidu's keyword ads, and Baidu has a variety of Putian ads, spam ads, and inducement ads that you can use to realize cash. Of course, Baidu is also listed in the United States. Is this fair?
 
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(III) WeChat
Tencent also micro-credited all people's social relationships and user-generated content, gossip, Tucao, likes, small videos, and photos. However, WeChat's trillion market value is not related to 1 billion users. If trillion market capitalization is allocated to 1 billion users, each user can also share 1,000 yuan, of course, some users can have more points because of the content created!
 
(D) Digital Assets
How big is digital assets? Let's give an example!
 
Let's assume that Xiao B pays 10,000 yuan a month, works 20 days a month, and every day for 10 hours, the hourly wage is 50 yuan. One day, Xiao B wrote an article in Zhihui that took 2 hours. The value of knowing this site is a collection of these articles, with a market value of one billion US dollars. How much money did the small B write? He could have gone to work to create a value of 2*50=100 yuan. This article may be between 0-100 yuan, and it may be more than 100 yuan. In short, it is valuable. In economics, opportunity cost is the reason. From this logic would like to open, if the world's 3 billion people spend 10 hours a day on mobile phones, computers, the Internet to create a variety of digital assets, these are not the world's largest assets?
 
These digital assets now have nothing to do with the creation of users. It is as if the New Year peasants did not know that the land had value. As a result, the land was taken away by the landlords, and the peasants became the servant farmers to work for the landlords. Until one person said "playing tyrants, divide the fields." Isn’t this the state of digital assets today?
 
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Today, the issue of ownership of digital assets is actually a matter of production relations. The current problems of digital assets are similar to those before the household contract responsibility system for joint production and before the reform and opening up. Before the household contract responsibility system for joint production, land is not owned by individuals. Before the reform and opening up, As a productive person, there is no way to access capital, technology, and market as factors of production. It is now a productive person who cannot own digital assets.
 
Ethereum
 
Ethereum is the first attempt to resolve this relationship of production. The token economy and smart contracts make it possible for blockchain internet to distribute user-created assets to users and become non-profit organizations themselves.
The
Tianya Diamond on the Tianya Forum and Black Diamond on the Netease planet are all good attempts. This process will not happen overnight. It will be a process of decades, infiltration, extrusion, and then become the mainstream.
 
As Xiaoza of Facebook said, he uses encryption to make Facebook more fair. Daddy Ma, if he does not revolution, he will be killed by others.

Blockchain Technology and Digital Currency
 
Ma Dad, blockchain is not a very complicated technology. It is actually a multi-active distributed ledger technology. Take Ali's database as an example.
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If there is only one database in Hangzhou, a fire breaks out, and all the data is lost. It is troublesome. Therefore, you need to back up, and put a secondary database in Beijing and Nanjing. The primary database in Hangzhou gives two data updates from the data. This is the distribution. Database.

There are tens of thousands of node databases for blockchain networks, and each miner (database) node is likely to become the master node, because after becoming a master node, there will be 12.5 bitcoin rewards, and also Can earn 10 minutes of the entire network transaction fee. So the blockchain is a distributed, multi-active database, and the dazzling consensus algorithm is to decide that a certain node becomes the primary database at a certain moment.
 
Therefore, the blockchain technology cannot be compared with the steam engine. On the contrary, the change in the production relationship brought about by digital currency and blockchain is a great revolution. Its role is as important as the household contract responsibility system and reform and opening up. Bitcoin is not a small application of a blockchain, but a great application. Just talking about blockchain and not talking about digital currency is like letting a train run without refueling.
 
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Digital currency is the ownership and use right of digital assets and digital services. It is not a currency. The definition of digital currency is the same as G20. Digital currency is a digital asset. Digital assets can be traded, used to pay, and used to invest only. That's it.

I support Bitcoin for the name of Bitcoin
 
I also recently understood the "development concept." The development perspective is to look at the problem, "open the window, and the sand will come in." Do you not open the window because of the fear of sediment coming in?