From V-God’s optimistic estimate: the crypto economy’s progression and the traditional world’s offense and defense

This means that most of us still hovering on the edge of the blockchain have a limited window of time left to respond to the traditional tech and financial giants and the monetary policy choices of sovereign governments.

Yesterday (May 7), at the “Ether Global Virtual Summit”, V God said that the Ether 2.0 upgrade will be completed by the end of this year. Of course, he cautiously added later that this is an “optimistic estimate”.

But no matter what, the long-awaited Ether 2.0 era is not far away, and a crypto-economic ecology with commercial applications such as DeFi and NFT will be presented in front of us, which means that most of us are still lingering on the edge of blockchain, and there is limited time window left for traditional technology and financial giants to respond and sovereign governments to choose their monetary policies.

Starting with the layout of traditional technology giants, IBM’s billion dollar investment hit a dud, Baidu and Tencent’s white paper is still a white paper, Alibaba’s ant chain can support the NFT protocol, Facebook’s “Libra coin” (Libra) is in trouble after morphing into a digital currency Diem will be tried out this year at ……

What is the logic behind this information? 1. If the direction of blockchain application is defined as serving the information level in the Internet era, the direction is off; 2. The operation of traditional Internet giants in compliance into the crypto economy is well documented.

Although IBM public relations responded to the report of the failure of blockchain strategy by saying that “the blockchain business is doing well and we have restructured some of our leaders and business units to continue to drive growth,” in fact, the blockchain product and engineering teams are only partially left to support the “hybrid cloud The “hybrid cloud” business was reorganized.

Have to admit, IBM for the Hyperledger series of blockchain is an important contributor to the launch of a farm-to-supermarket tracking system supported by Wal-Mart, a shipping container logistics blockchain supported by Maersk ……

However, blockchain technology for information level services could have been available before the birth of Bitcoin, but it is not the theme of our current Bitcoin-driven crypto economy era. Including the layout of China’s traditional Internet giants BAT, except for Antchain, which has a little geek gene, can still find a balance between regulatory compliance and crypto economy, and the blockchain layout of Baidu and Tencent is also framed outside the mainstream crypto economy.

Speaking of which, we have to mention the issue of compliance again. The crypto economy ecology built up by commercial applications in the era of Ether 2.0 is no longer just a circle of geeks in the era of BTC community. The crypto economy built with commercial applications will move from anonymity to KYC (with the non-homogeneous pass-through feature of NFT), building the foundation for the integration of cryptocurrencies into the digital economy of the sovereign world.

From V-God's optimistic estimate: the crypto economy's progression and the traditional world's offense and defense
  1. NFTized KYC, if not well understood, can be seen as the concept of blockchain account, which is the infrastructure of the digital economy era built up by the network native resident users for the ecology, and it has the function of being able to deploy smart contracts, and it can come with all the functions of transaction records.

2, Token, in the last cryptocurrency era was translated by everyone as tokens, speculation, speculation, harvesting, pick up …… if now still so aware of this concept, is indeed out. Token and NFTized KYC echo, Tongzhengpai will translate it as pass, not only carry information, but also carry value.

  1. On the basis of these two, the pass-through of financial assets in the traditional world will bring a trillion-dollar market capacity based on the commercial application ecology of the crypto economy – the total amount of crypto assets is still at the trillion dollar level, while the real-world assets are about two or three hundred trillion dollars. Traditional US financial giants are also boldly moving forward, with US banking giant JPMorgan Chase Bank announcing it will use its blockchain platform Quorum to “Tokenize” gold bullion; asset management giant VanEck filed an application with the SEC a few days ago to launch an ethereum called the “VanEck Ethereum Trust ETF ……

Other countries are also actively embracing the cryptocurrency era, with Singapore issuing S$100 million (about $74 million) in Tokenized bonds; Canadian regulators approved several Bitcoin and Ether ETFs ……

  1. Then, we have to face up to the issue of cryptocurrency payments, and cross-border payments in the crypto economy. Many expect DCEP to be ahead of the curve, after all, the U.S. has abandoned even its plans to digitize the U.S. dollar. DCEP’s adversary may not be digital glorification, but a cryptocurrency system that the U.S. government is actively dealing with – a stable coin anchored to the U.S. dollar, a decentralized digital currency accepted by government regulation, and a a compliant trading system.

This is competition that is rooted in the entire crypto-economy ecosystem. As mentioned earlier, we have a limited window of time.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/from-v-gods-optimistic-estimate-the-crypto-economys-progression-and-the-traditional-worlds-offense-and-defense/
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