Demand and intrinsic value

in intrinsic •  4 years ago 

In fact, this model is not a special product of the currency circle, and there are many examples in the traditional stock market. First, through a fraudulent listing, then find a market maker to increase the stock price, and then use the stock price to buy other mature assets, so as to successfully achieve the transformation.

However, in the stock market, such a company can last for three to five years at most, and then it will decline rapidly. The only ones that can really grow up in the industry are Gree Electric and Moutai, which focus on their main businesses, such as LeEco, which is keen on speculation. The final result of ecological integration and ecological integration is failure.

Even if we focus on the main business, there will be many problems. Any difficulty that cannot be overcome will lead to the risk of bankruptcy, not to mention casual acquisitions. This model has not been adopted in the stock market, nor can it be adopted in currencies. When you are on the road of shouting, you have made shouting the most important thing, and you cannot enter this project. This is a difference in value.

For example, BTC, Ethernet Plaza, EOS, etc. are all well-known and strong in development. Focusing on the blockchain project is still struggling, the killer application has not yet appeared, and the ecological construction has not been completed. How can other public chains bend and overtake? , Or through the form of "self-proving prophecy"?
In addition, although Bitcoin is a self-certified prophecy, its self-certification is based on intrinsic value rather than price.

Bitcoin did not have a price at first, but it has attracted many people's participation. Previous developers participated in the project through interest, love, and vision. Slowly, more and more people came to this project, and this project became more and more perfect. With the accumulation of the wisdom, ability, function and ecology of the project, more and more people come to the project site. The richer the accumulation of value, the more the value exceeds a certain threshold, the coin will have a price in this era.

At this time, the price is naturally generated, and is not forced by the secondary market exchanges. After the price is over, the incentive effect becomes more obvious, the value of the project is more and more condensed, and the development is more and more accelerating, thus forming such an organic cycle.

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