The real blockchain in my eyes: After reading this article, you can prevent flickering by luanlaib

View this thread on steempeak.com
· @luanlaib ·
$10.54
The real blockchain in my eyes: After reading this article, you can prevent flickering
1 The true value of blockchain

In fact, the blockchain itself has no value. Only when the upper-level application has value, the lower-level blockchain is valuable.

In the past, we also had decentralized P2P software. What kind of eMule, Bt download? Why did the concept of decentralization not become popular at that time, because eMule is only a P2P mechanism of "information transmission", not "value transmission".

The blockchain is a new mechanism of "value transfer". Where is the new?


To put it simply, in the Internet world, after "information transmission", the sender and receiver can have information at the same time. I will give you a picture, and I can keep this picture myself. We both have this picture.

However, the important function of "value transfer" is that only the transferee can have value, and the transferor no longer owns it. I will give you a sum of money, and the money on my side must disappear. If you pay an extra sum of money, this is "value transmission".

At present, the ownership record of this transfer process is realized through the registration and accounting of the central agency. The simplest example is to transfer money. An intermediary such as a bank must help us keep the books in order to ensure that there is a small amount of money in my account and an extra amount of money in your account.

Then, whether there is any mistake in the money in our two accounts, we need centralized systems like banks and clearing institutions to help us reconcile our accounts.

The emergence of the blockchain allows humans to provide reliable accounting functions through the network itself, so that the function of "value transfer" no longer depends on the central organization, and the point-to-point direct transfer of value can be realized.

In other words, I will send you a sum of bitcoins without going through the bank, because the blockchain system at the bottom of bitcoin automatically helps us record the ledger, and this ledger is used by all bitcoin users It can be seen that the algorithm guarantees that it cannot be wrong and does not need to be liquidated.

Therefore, the blockchain is essentially a peer-to-peer distributed ledger technology. In addition, security mechanisms such as consensus algorithms and cryptography ensure the security of transfers and the consistency of the ledger.

2 Appeal to domestic companies: Don’t use the word “blockchain” to fool people

In fact, what the people care about is only the application. I use Alipay. I don’t care about the underlying technology, because Alipay allows me not to bring cash or change change, which is very convenient. I just care about its application value and the benefits to me.

When Satoshi Nakamoto built Bitcoin, his paper was named "Bitcoin: A Peer-to-Peer Electronic Cash System". He did not put forward any concept of blockchain, but just explained the implementation of Bitcoin technically.

Later, more and more people used Bitcoin, and their influence grew. It was not that Satoshi Nakamoto held up a sign and said: "Look, this Bitcoin is good. It uses blockchain at the bottom. There are many Good! Come use it!"

People use Bitcoin because everyone sees this currency, and because of the algorithm's guarantee, no central institution can manipulate the currency issuance quota, so it is limited. Second, it is also very convenient to use. You can transfer money to anyone on the planet by scanning the code or using the public and private keys, without the need for cross-border remittance agencies. Third, because Bitcoin is decentralized and does not depend on any government, its stability surpasses the government. Any government in the world can collapse, but Bitcoin is still there. This preserves the value of people’s property Very beneficial, especially for people in war-torn areas.

Based on the above-mentioned advantages of Bitcoin, people (or some people) recognized Bitcoin and started to use Bitcoin, so it has real value. With value, miners have the motivation to mine , That is, to "maintain" this decentralized Bitcoin system, and it is not that some people hold up a sign to persuade them, "Blockchain is good, you have to use it".

They only see the benefits of mining in their eyes, and they voluntarily go mining. They don't care what technology you use at the bottom. "As long as you have money, I will go!" This is the truth that drives them.

From the above description, we abstractly summarize:

First, the blockchain itself is just a pure technology and has no natural value. It is the application of Bitcoin that has value;

Second, Bitcoin is valuable, so miners are willing to mine to maintain the Bitcoin blockchain, because they can obtain Bitcoin from it, that is, profit;

Third, both the users of Bitcoin and the maintainers (miners) of Bitcoin are only driven by interests, not morally high enough to use it to promote the development of the blockchain. It's just benefits!


3 Suggestions for domestic blockchain companies

In contrast, many domestic blockchain companies have not constructed truly valuable decentralized applications. They are purely "decentralized for decentralization" and "blockchain for the sake of blockchain". This is meaningless. .

Why does Bitcoin go to the center, because it is decentralized to not be controlled by the authority, otherwise how to control the amount of currency issued? The central organization is greedy and over-issued so much currency, which has caused inflation and the people are dissatisfied, so it must be decentralized.

Why does Bitcoin use a public chain? Because the public chain is not controlled by any authority, anyone can maintain it. Otherwise, what is decentralization?

Decentralization, public chain, Bitcoin adopts these mechanisms are justified!


4 Please think carefully before making the application of blockchain!

Before asking each blockchain company to make "decentralized" applications, think about the following three questions carefully:

First, this application is based on whether the existing centralized system can be done, and if it can be done, use a decentralized way to do it. Compared with the advantages of centralization, don’t do it if there is no significant advantage.

(Please always use Bitcoin as a comparison. Bitcoin's decentralization is to prevent inflation from being controlled by a central organization, so decentralization is "needed". This is superior to centralized fiat currencies)


Second, after this application is made, why do people or companies use it, and what benefits can they get from it? If there is no benefit and others will not use it, then don't do it.

(Please always use Bitcoin as a comparison. People use Bitcoin. One is to fight against inflation, and the other is to send money across countries at low cost. Moreover, Bitcoin is more stable than the government).

Third, if it meets the above one and two points, this application is very suitable for decentralization, and there will be significant advantages after it is done, and the people can really solve their problems with it, then it can be done. Then the most important point comes, whether to use a public chain, a consortium chain, or a private chain. My personal opinion is of course the public chain. Only the public chain can motivate the people to voluntarily maintain this decentralized application and make this Application will last forever. Otherwise, the consortium chain and the private chain still have to rely on a certain organization to maintain this chain. What if this organization fails? It is better to do it directly with a centralized system. What kind of blockchain do I use?


5 Talk about why decentralized applications must issue coins

As mentioned at the beginning of the article, in fact, we have had many decentralized P2P applications in the past, such as eDonkey. Why is its maintenance so poor? Because of the "lack of incentives"!


The sixth section of Chapter 6 in the book "Bitcoin: An Illusive and Real Financial World" mentions:

"P2P services such as Tor and eDonkey have a fatal flaw-they are systems that rely on modest gentlemen and moral models. The moral and self-consciousness requirements of users are too high, and the built-in incentive mechanism is not strong. Some people open the client when they use it, and leave when they use it up. On the other hand, Bitcoin miners, no one calls them to buy hardware, consume power, or even tolerate the loud noise of the cooling fan, but they still actively do these things. The reason is that there is a huge material stimulus.

If the above-mentioned services can graft the idea of ​​“mining” of Bitcoin to themselves, these services will have drastic changes. Some people will hang Tor for a long time because they can earn Tor coins, and some will buy hard disk arrays for seeding or Doing eMule sharing can earn donkey coins and BT coins. Of course, in the end, they may find that directly using Bitcoin's technical framework to implement these functions is the simplest and the most liquid.

By extension, this kind of decentralized P2P service that introduces an incentive mechanism will sweep all third-party service industries that do not require human participation. "

A particularly good point in this passage is that to maintain a decentralized application, you need incentives. What is the best incentive is to issue coins!
![image.png](https://cdn.steemitimages.com/DQmURwW7m25wPjP2ckv3wPEhBgeA5hJRqPb8Lki8xYgsE84/image.png)
👍  , , , , ,
👎  ,
properties (23)
post_id89,155,329
authorluanlaib
permlinkthe-real-blockchain-in-my-eyes-after-reading-this-article-you-can-prevent-flickering
categoryblockchain
json_metadata{"tags":["blockchain"],"image":["https:\/\/cdn.steemitimages.com\/DQmURwW7m25wPjP2ckv3wPEhBgeA5hJRqPb8Lki8xYgsE84\/image.png"],"app":"steemit\/0.2","format":"markdown"}
created2021-01-19 09:14:57
last_update2021-01-19 09:14:57
depth0
children0
net_rshares44,164,635,599,219
last_payout2021-01-26 09:14:57
cashout_time1969-12-31 23:59:59
total_payout_value8.956 SBD
curator_payout_value1.585 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length9,494
author_reputation27,331,701,354,422
root_title"The real blockchain in my eyes: After reading this article, you can prevent flickering"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (8)