Top of the Great Era

Chapter 1538 Blockchain

Things really aren't that simple with Bitcoin.

This kind of decentralized virtual digital currency is a very new concept. Even Xu Liangjie doesn't understand much. The whole model is basically followed by Satoshi Nakamoto, the founder of Bitcoin, on the Bitcoin forum bitcoin.org he founded. Some enthusiasts discussed and formulated it together.

Coincidentally, there is a moderator-level god of the Bitcoin forum in Ziwei International, who is Kevin Gay, the product team leader of the cloud computing business virtual machine team.In addition, Wyatt Miller, a senior engineer in the Neural Network Research Group of the Institute of Artificial Intelligence, is also an important member of the forum.

Boss Zhou wanted to make a fuss about Bitcoin, so Xu Liangjie invited these two people out.

The current Bitcoin is just a gadget in a niche circle, and it is really not worth mentioning.

For example, the website of the bitcoin forum created by Satoshi Nakamoto is bitcoin.org, and the English name for bitcoin is bitcoin. It stands to reason that the domain name bitcoin.com is better, and the suffix of .com is more recognized.

The reason is that the domain name bitcoin.com was registered by a Korean as early as 2000. If you want to buy this domain name, it may cost $400.

Satoshi seems to have little money, so he chose the .org suffix.

It is conceivable how difficult the initial stage of Bitcoin is.

We can only rely on some enthusiasts and sci-fi technology enthusiasts to do things with internal drive, to sort out the rules and logic of Bitcoin bit by bit, and publish them through the forum.

But now the situation has changed!
If a big company like Ziweixing International gets involved, "Bitcoin" can jump into the public's field of vision and instantly attract the attention of hundreds of thousands or millions of developers.

Then, this conceptual product of virtual currency might really become popular!

Kevin Gay and Wyatt Miller were both young men in their twenties, so they were very excited and talked about a lot of ideas about Bitcoin and blockchain technology.

Zhou Buqi heard that Bitcoin does not have an official website, only a simple and dilapidated forum, and the domain name is still a small suffix of . official website.

Kevin Gay shook his head and explained: "Bitcoin is decentralized and there is no official website."

Zhou Buqi said with a smile: "There is no nominal official website, but there is an actual official website. Whoever has the most traffic is the official website. Among the domain names related to Bitcoin, bitcoin.com is obviously the most in line with the psychological expectations of the public. This is enough."

Then, when it came to Bitpay’s financial products, there were disagreements again.

Kevin Gay believes that if it is a financial product for personal payment, it is a mass product, but Bitcoin is something that a group of people in a small circle seem to be doing by lunatics.

If Bitpay uses Bitcoin as an entry point, the impression given to the public will become that Bitpay is a product only played by lunatics and enthusiasts. Even if there are public functions, it will be difficult for the public to participate.

Xu Liangjie heard it, and even said it made sense, "Yes, when you told me some time ago, I felt that there were some problems. In terms of product design, this model does have problems."

Zhou Buqi nodded.

Virtual currency is indeed too risky, and the attribute of speculation is very high, which seriously deviates from traditional values, and it is difficult for the public to participate.

If a product uses Bitcoin as the entry point, it will scare away the vast majority of users early on.

However, Zhou Buqi did not give up, and suggested that Bitpay could be built into a trading platform with a comprehensive coverage around Bitcoin, which can be used for Bitcoin and cash transactions between people, or between people and merchants. The transaction of Bitcoin and commodities between merchants can also be the transaction of Bitcoin and industry resources between merchants.

Then, they appointed Kevin Gay as the product manager, Wyatt Miller as the technical director, and provided 7 additional staff positions and a product budget of 20 US dollars, allowing them to organize a small team of 9 people Get this thing done.

After the exchange, Xu Liangjie took Zhou Buqi and went to the office together.

Zhou Buqi laughed and said, "Aren't you very busy?"

Xu Liangjie said: "I'm very busy, but I think your side is more important."

"what happened?"

"Don't be too blind."

"What's wrong with me?" Zhou Buqi was a little surprised.

Xu Liangjie said: "I think you are too optimistic about Bitcoin, or I am worried that you have invested too much company resources in virtual currency, resulting in a strategic wrong direction."

Zhou Buqi smiled, "No, it's just a very small project. Even if they build the official website of Bitpay and bitcoin.com, it's just a small business. At most one M3 position will be given."

Xu Liangjie said in a deep voice: "In the past few days, I have carefully studied the concept of Bitcoin. This thing... this thing is too risky. It is decentralized in name, but in fact the nature of centralization is far stronger than that of traditional Bitcoin. The centralized industry is stronger.”

"What do you mean?"

"That's what you said, transaction! The total amount of bitcoins is only 2100 million, and only tens of thousands of them have been dug up now. With the ten high-performance computers in your home working, you can, in a short period of time, Be the God of Bitcoin, be the center of the center."

"Oh, the dealer in the trading market!"

Zhou Buqi understood what he meant.

Xu Liangjie said: "If you buy a lot, the price of bitcoin can rise rapidly in a short period of time. If you sell a lot of money, the price of bitcoin will plummet in a short period of time. There is no reason to say, In this virtual world, there are no market rules at all, and the banker is God, which is ten thousand times more terrifying than the stock market!"

In the stock market, there are also market makers.

Usually, one institution or several institutions join forces to buy a large number of stocks in a short period of time, and the stock price will rise.After the stock price rises and retail investors enter the market, they begin to sell a large number of stocks and the retail investors take over.

In the end, the banker made a fortune and left the market, and the retail investors took over the order at a high position and vomited blood at a loss.

But there is a bottom line for trading in the stock market.

Behind the stocks are real companies with real market value.That is to say, no matter how low the price of a stock is, it cannot be too low; no matter how high the price is, it cannot be too exaggeratedly high.This is supported by the company's true value and performance, and the dealer can only operate in a limited and moderate manner.

However, virtual currencies are different.

There is no support behind this thing!

If you want to increase the price, you can increase it without any upper limit.If you want to suppress the price, you can suppress without any lower limit.

It all depends on the dealer's mind.

The dealer is God.

After hundreds of years of development, the stock market already has a very sound and perfect management system.In a healthy stock market, retail investors almost do not exist anymore, and they are all institutions operating among each other, mainly relying on the company's basic performance to reflect the level of stock prices.

The currency market is different, it is a new thing, there are a lot of retail investors, and it is easy to be bloodbathed by the dealer after entering the market.Many timid retail investors are fine. They don’t add leverage, and they just pretend to be dead after they get locked in. When the price has risen sharply, they will sell it.But many daring retail investors are increasing their leverage in pursuit of opportunities to get rich, which will be miserable and they can go bankrupt in an instant.

From the perspective of traditional economics, the gameplay of virtual currency is indeed very similar to the Ponzi scheme model.

Zhou Buqi is not interested in exploring the various economic logics involved and the industrial changes brought about by the technological revolution, and it is impossible for him to explain them thoroughly with his shallow economics level.

He focused on another direction.

Zhou Buqi said with a smile: "You are right, so what the company needs to do is to build a trading platform for virtual currency instead of investing in digital currency. Investing in Bitcoin is my personal behavior."

Xu Liangjie said: "But you are too focused on this direction. This has been going on for more than half a month. You didn't go anywhere, but stayed in Silicon Valley to study virtual currency."

Zhou Buqi nodded, "I'm not researching virtual currency."

"what is that?"

"Blockchain!"

"Ok?"

Xu Liangjie frowned slightly.

Blockchain is a new concept proposed by Satoshi Nakamoto around Bitcoin, and it is highly sought after in small circles. Xu Liangjie obviously does not have a deep understanding of it.

Zhou Buqi said: "Didn't Kevin just say that blockchain technology is decentralized and has a series of irreplaceable technical advantages of the centralized model, such as openness, transparency, and individual autonomy. Especially The most important point is that the non-tamperable nature of information can bring about fundamental changes to some current industries with many disadvantages.”

"How many examples?"

Xu Liangjie took a deep breath, and looked at Boss Zhou with extremely complicated eyes.He asked himself that he is a technical expert, and his understanding of technology is much better than that of the big boss who is a technical novice.

At this moment, there are mixed feelings in my heart.

No way?
Even if you don't understand the technical concept of blockchain thoroughly, you can directly transfer from the technical layer to the application layer?You have too many genius attributes, right? !
Zhou Buqi said: "For example, the financial field is not only a decentralized virtual currency, but also a centralized digital currency issued by the central bank. All transactions are recorded throughout the process and cannot be modified, which solves the money laundering of cash currency once and for all. The status quo of black money."

Xu Liangjie took a deep breath, "Yes."

Zhou Buqi went on to say: “For another example in the judicial field, using blockchain technology to display the information of some cases can enhance the tamper-resistance of judicial information and the transparency and supervision of judicial procedures, which will help promote judicial progress. public trust."

"Another example is the protection of intellectual property rights. For example, if I take a photo, I can use blockchain technology to confirm the uniqueness of the copyright. Any person or organization in the world who wants to use my photo needs to go to this blockchain platform Go up and pay to download, and leave a digital record. This means that all users of external photos that do not have records are pirated, and there will be legal disputes.”

"I understand……"

Xu Liangjie was greatly shocked in his heart.

He got it.

It turned out that Boss Zhou was not interested in Bitcoin, but wanted to lead Ziwei Star to explore in the field of blockchain technology starting with Bitcoin.

This is a truly convincing strategic direction to change the attributes of the world with technology.

(End of this chapter)