Chinchilla TOC Blockchain Academy - Why Paypal, Amzon, Google, Microsoft do not directly make a coin to replace Bitcoin?

in paypal •  7 years ago 

Totoro TOC Blockchain Academy: Why Baidu Ali Tencent cannot do blockchain? Why can't a listed company make a blockchain?

  1. Why Baidu Ali Tencent cannot do blockchain?

Recently, Baidu has launched blockchain as a service (BAAS). Tencent has also launched blockchain technology services. The founders of small ants and quantum chains (Xu Yiji and Shuaichu) are the original ant financial blockchain team. , indicating that Ali has also been involved in the blockchain early. Why can't BAT do blockchain?

We think about it, virtual currency has been born for so many years, why PayPal, Amzon, Google, Microsoft do not directly make a coin to replace Bitcoin it?

Eric voskuil asked me this question today. Eric is a big technologist. He has developed several bitcoin open source software. People originally were American pilots and they traveled in 72 countries. The block chain of the ETP community is based on his code. The early summer tiger in the Yuan community once invited him to Shanghai to be responsible for R&D. However, he believes that independence is important and that foreigners have different outlooks on life.
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I thought for a moment and told him that he was surprised because of the government. In fact, this is also his answer.
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Everyone thinks, who's got the digital currency and who's got the job? In my previous articles, I said that the three big mountains on the Chinese people's heads are “monopoly finance, centralized internet and vulgar entertainment”.

Among them, finance is a matter of the government. The government collects taxes through the issuance of legal currency, and due to the existence of legal currency, you are forced to hand over the legal currency to the bank for custody. Basic interest is not given to the developer. The developer buys land from a bank loan and mortgages a loan to build a house. , and then sell it to you, you became a house slave and paid a down payment. Zhengf's banks and developers (capitalists, and all corporate organizations, Huawei, Foxconn, ...) have money, and you can't afford to make a loan. You go to the bank and nobody will care about you. You are not being exploited. Who is being exploited? Since we have virtual currency, we can keep our own assets. We no longer use the legal currency in certain situations, so it is lighter to exploit. This is why the virtual currency is so sought after!

Well! BAT can not get rid of government supervision? Of course not, so they can't make digital currency, and the blockchain they provide will not be used. Why, that network security, the above data are all supervised.

  1. Why can't a listed company make a blockchain?

You know that on the second day of Renren Square, I wrote an article called "blockchain + year of 2018". In that article, I explained that everyone had no eggs, and as a result they were interviewed soon and they returned coins! why? Because as a listed company, where he dared not listen to Zhengfu?
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Therefore, it is better to avoid those blockchain concept stocks on China A shares. They brag about it and they dare not to issue coins. The government refused to let anyone know what to do and who dared to use it? At least I dare not.

There are many blockchain ventures, but apart from the financial industry, blockchain is just an immature technology that can't handle the performance of more than one million transactions per second and it can't be used by civilians. So 99% of the projects on the market are air. As an open barzar for blockchain e-commerce, the United States has been out for several years and is still spinning in place! Some people in China have used similar concepts to circumscribe money and see how sad they are!

I also communicated with Eric voskuil about what our team is doing, Molecule blockchain 4.0, a blockchain on mobile, mobile internet blockchain. Now all the blockchains are still on the PC. For example, syncing one Ethereum's entire node requires 90G space. It takes a month in China because there is no peers and it takes eight hours overseas. This needs to be improved, the mobile phone is not on the chain, how to do P2P?
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Molecular chain of Molecule achieves App access blockchain on mobile phones through innovative introduction of S.Node, Mobile on blockchain (MOB) protocol, and molecule API.

Eric voskuil very much agrees with our direction. He believes that the future blockchain must have a node on the mobile phone. With node, we can only Validate small transactions.

Affirmation: This article is compiled and analyzed in the opinion of Mr. Qian Haitao, the founder of MOL chain MOL. It is a coincidence that there are similarities.

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