In addition to capital, it is time for the blockchain to break the circle

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As the price of Bitcoin continues to rise, its ultimate destination becomes clearer. In the final analysis, it is just an application scenario of the blockchain, and blindly rising prices will only make it ungrounded. The key to ensuring its long-term development is to see more of the development direction of the blockchain from the rise of Bitcoin. A fact is happening, that is, the blockchain is beginning to be more separated from the digital currency to find more development possibilities.

However, in the window of capital, financing with the help of digital currency and continuing its own development is an unavoidable problem for almost every blockchain player. In the context of the issuance of coins or ICOs being regulated, it seems that this approach will not work. Therefore, the development of the blockchain industry seems to have fallen into a new vicious circle. When the relationship between blockchain and digital currency is clear, its development loses momentum; when the blockchain is deeply connected with digital currency, its development has fallen into an endless loop.

For the blockchain, finding the "third way" between the blockchain and digital currency is the key to ensuring its long-term development. Before, I once made a thesis that real blockchain players do not need financing, and only those players who have not explored the correct way and method of blockchain development need financing. For the current blockchain industry, finding the "third way" beyond capital is the key to truly ensuring its sustainable development.

Capital is not a panacea, blockchain needs to be transformed

Straightening out the relationship with capital is the key to ensuring the long-term development of the blockchain. When people have not found a new way of development other than capital, the so-called development is always unhealthy. Therefore, for the current blockchain industry, abandoning the fixed thinking of capital omnipotence and finding new development methods and methods is the key to ensuring the long-term development of the blockchain.

The ultimate purpose of digital currency is not to collect money. For many blockchain players, issuing coins or ICO is the key to breaking through the capital bottleneck. As a result, many people have begun to fall into a vicious circle when it comes to understanding digital currency, that is, they regard issuance or ICO as a way of financing to make up for the capital gap. As a result, they have fallen into a new vicious circle in regard to the issue of digital currency, that is, they just use digital currency as a tool for collecting money.

What is certain is that if blockchain players regard the ultimate goal of their projects as currency issuance or ICO, then Bitcoin is their model. However, Bitcoin is a globally recognized digital currency, which makes it possible to attract so many people to participate. For some little-known blockchain players, the digital currency they issued cannot be compared with Bitcoin in any case. Therefore, when they regard the currency as the ultimate destination, they have already fallen into it. In the dead end of development.

Therefore, the ultimate meaning of digital currency is not simply to collect money, but to make your own blockchain projects run more perfect. If a blockchain player regards digital currency as the ultimate pursuit, the so-called development has already deviated from the essential connotation and meaning of blockchain and digital currency. For them, failure may be sooner or later.

The relationship between capital and blockchain is fundamentally different from the relationship between capital and the Internet. If we equate the relationship between the blockchain and capital with the relationship between the Internet and capital, the development of the blockchain industry is still hovering under the Internet model. When looking at the issue of capital and blockchain, we should also look at it from a new perspective.

In the Internet era, when many investment institutions invest in Internet projects, they always pay attention to how much market share and how much traffic they can occupy in the future, but they do not pay attention to the transformation of the industry. How much, how much has changed the traditional model. Therefore, many investment institutions are eager for quick success in the investment process, usually looking at the investment projects in 3 years or even less. Obviously, this investment method cannot achieve long-term and sustainable development.

When the blockchain era comes, the role of capital does not lie in "breadth", but in "depth", that is, capital helps blockchain to pay more attention to the implementation and application of blockchain. How many industries have changed. If the relationship between capital and blockchain still stays on the "breadth" and ignores the "depth", the so-called development has actually fallen into a new vicious circle. In the era of blockchain, the different functions and roles of capital are also an important aspect worthy of attention.

Blockchain needs to jump out of the capital-driven development model. The capital-driven development model is short-term and unsustainable. This is the root cause of the rapid emergence and rapid exit of the Internet model. It is also the fundamental reason why the Internet model cannot fundamentally change the fundamental pain points and problems of traditional industries. Therefore, to bid farewell to the omnipotent development model of capital, one of the most important aspects is to jump out of the capital-driven development model.

In my opinion, when capital is driving the blockchain, it should pay more attention to the profound changes that blockchain technology has made to traditional industries and traditional production methods, rather than just blindly harvesting dividends. So, when we jump out of the capital-driven development model, what is the development model of the blockchain? In fact, the development model of the blockchain must be achieved and realized with profound changes in the industry.

The author believes that the model that drives the development of the blockchain industry should be industry-driven, not capital-driven. When we change the industry itself, when the traditional industry operation logic has undergone essential changes, the development of the so-called blockchain industry can truly break out of the original development circle and truly enter a new era.

The main sign that the development of the blockchain industry has entered a new stage of development is that it has straightened out the relationship with capital. In this process, we just want to abandon the view that capital is omnipotent, and we cannot blindly regard capital as the supremacy, and we cannot blindly regard the blockchain as an existence similar to the Internet. Only by truly straightening out the relationship between capital and breaking out of the Internet-style vicious circle can the blockchain be truly transformed and usher in new development.

Apart from capital, how does the blockchain break the circle?

Breaking the circle is a hot spot in the industry. Whether it is the Internet industry or traditional industries, almost all are looking for ways and methods to break the circle. For the blockchain, it also needs to break the circle, through breaking the circle to find its own correct development model. For the blockchain, finding new ways to break the circle beyond capital is the key to ensuring its long-term development.

Correcting the status of digital currency is the key. It can be said that the relationship between digital currency and blockchain has always been ambiguous. The long-term existence of this phenomenon has finally caused the development of the blockchain industry to remain in a state of lingering development. When we are looking for a new model of blockchain development other than capital, correcting the position of digital currency is the key.

In many cases, digital currency is actually indispensable. What we need to really straighten out is the correct way and method for the legitimacy of digital currency, not just treating digital currency as an existence independent of the current legal system. Therefore, to correct the position of digital currency, no longer regard digital currency as an existence that evades supervision, but as an existence that embraces supervision, and the so-called blockchain industry can take the first step towards breaking the circle.

In the future, digital currency is the existence of perfect blockchain ecology, but digital currency must find a way to shake hands with the mainstream currency system. When the digital currency really has the mainstream currency system as a footnote and promotes the operational efficiency of the blockchain industry, the development of the blockchain industry can be regarded as a real breakthrough.

Expand the profit channels of blockchain. Although the blockchain industry has been developing for many years, it still hasn't found the right way to make money. The author understands that many blockchain players have not even found the correct profit methods and methods. Therefore, expanding the profit channels of the blockchain is the key to ensuring that the development of the blockchain industry enters a new stage.

Expanding the profit channels of the blockchain, not just seeing the blockchain as a tool for collecting money, is the key to ensuring that the blockchain can break the circle smoothly. The author always believes that the profitability of blockchain should be more for the B-side, rather than for the C-side. Unfortunately, many players now only regard the blockchain as a tool for harvesting C-end traffic. Therefore, the development of the blockchain is still trapped under the Internet model.

But all the blockchain players who are able to achieve rapid development now have almost found ways and methods that belong to the correct profit channel of the blockchain. When the blockchain is no longer trapped in the Internet model and no longer only capital first, the development of the blockchain industry can truly break the circle and truly break through the existing development bottleneck.

Break through the bottleneck of blockchain technology. As a new technology, if the blockchain wants to break the circle, the first thing to do is to break the circle at the technical level. Since Satoshi Nakamoto proposed the concept of blockchain, although more and more players have shifted their development focus to technology, the blockchain technology has not really achieved a breakthrough. Therefore, if the blockchain wants to break the circle, the first thing to do is to break the circle technically.

Whether it is encryption technology or data transmission technology, blockchain players must achieve breakthroughs and improvements. When the blockchain technology has achieved breakthroughs and improvements, its development can truly enter a new stage of development. Therefore, technology has always been the foundation of the blockchain, and it is also the key to the sustainable development of the blockchain.

After we complete the improvement and improvement of the blockchain technology, the development of the so-called blockchain industry can get rid of the current predicament and truly enter a new stage of development. In my opinion, the current blockchain technology is not too advanced, but too backward. Its development has fallen far behind its application scenarios. Therefore, if we want to break the blockchain circle, the first thing we need to do is to break the blockchain technology.

When the price of digital currency continues to rise, what we need to think about is how to break the blockchain circle. In the process of breaking the circle of the blockchain, getting rid of capital control and weakening the dependence on capital is the key to ensuring the long-term development of the blockchain industry. When we find a new way of development beyond capital, the development of the block industry can truly break the circle.