Web3 thinking: The essence of value is the flow of ownership

Preface: In the Web3 project, the essence of value formation is the flow of ownership, that is, the mutual flow of asset ownership, governance rights, and privacy rights between individuals. Value itself is “demand” and “supply”, and demand and supply are the various types of ownership of different individuals. The mutual flow of demand and supply forms “value”. The mutual flow of various types of ownership of individuals is the flow of assets, that is, the flow of ownership.The value of the Web3 project is not the user’s ownership (such as the user’s identity, assets, privacy, etc., which are only owned by individuals), but the flow formed by the flow of individual ownership, including asset liquidity, governance participation, and so on.

Human civilization is symbolic civilization

Human civilization is actually a symbolic civilization. It is a general trend from the realization of the unification of the written law system in a large area to the execution of the code algorithm writing machine to realize the unification of all mankind.

The greatest human being in the past 100 years: God V. I think he surpassed Satoshi Nakamoto, surpassed Einstein, and surpassed Newton.

Epoch-making genius: God V is comparable to Confucius in human history, and Newton is incomparable to the figure who created the foundation for the future of human decentralized civilization. Although he has influenced the development of mankind in modern times for several hundred years, the speed of human development far exceeds the last two thousand years, but in the longer term, several hundred years cannot be compared with two thousand years. Moreover, the structure of human society has not been stable in recent hundreds of years. It can be said that Newton’s science It was the beginning of the unification of mankind, and it is still on the way. The analogy is that Confucianism is the beginning of the unification of Asia.

God V, surpassed Satoshi Nakamoto, surpassed Einstein, surpassed Newton. It is estimated that I am the first person in the world to make such a point of view. This will take a long time to prove and let history do the talking. The space-time background of the future Metaverse. Bitcoin will never be able to keep up. Satoshi Nakamoto is like Lao Tzu in Chinese history. Although he had a great influence, Confucianism eventually ruled human society for thousands of years.

Because almost everyone who is educated, it is impossible to think that people who engage in blockchain will surpass Newton (someone mentioned that the sky does not give birth to Newton as long as the night, to correspond to Confucius). I think there is no essential difference between religion in ancient times and modern science. Thinkers, including religion and science, are in a macro sense. However, 99.99999% of them often regard the dominant cognition of their time as “truth” because of the limitations of their time. Science is also a cognitive paradigm, but it is more evolved, but the laws of science cannot exist without human beings, but 99.999999999999% of people believe that the laws of science exist independently of human beings.

It can be said that there is no difference between a scientist and an ancient wizard.

Whether it is Confucius theory or Newtonian mechanics, it is a consensus for the human community. Science transcends religious philosophy and becomes the “paradigm” that dominates human cognition, which in itself is a broader consensus.But science is still human cognition, no one exists, science does not exist, and the so-called laws of nature certainly do not exist. That is, the law of universal gravitation does not exist if there is no one.

After the smart contract is developed, it will default to a legally capable subject, which has the same political status and legal power as a real person.

It would be too short-sighted to treat cryptocurrency as a currency, or as a stock, as a speculation target, even if they have these characteristics. This is a new trend in the structuring of human society. Ownership returns to the individual. The structure of human society has become a “group of life” linked by algorithms, and the genes of similar organisms are linked to biological groups. Using symbols to surpass genes and algorithms to surpass genetic associations is the difference between humans and animals. The reason why human beings have civilization is that they invented the coincidence system, that is, since the appearance of words.

Looking back at 2021

Throughout 2021, there are many large and small projects, like the stars in the sky.

The most dazzling one is SHIB. It took only a few months from making most people despised to changing everyone’s opinion, until the peak market value exceeded 30 billion US dollars.

The other is that NFT really broke out in 2021, because many people have been optimistic about NFT, not to mention very early in 2017, but many people tried it last year, but it didn’t really break out on a large scale until this summer.

GameFi also predicted the category that is about to explode last year, and it really exploded this year.

The slogan of DAO will be replaced by the NFT at the end of the year, and the SOS that transformed the famous NFT trading market into a DAO is a miracle at the end of this year. More importantly, this is the well-known “domestic”, no plagiarism, the number of addresses in a few days from Zero is more than 200,000, which has never been done before.

In 2022, it should take over the momentum of this year. Just like last year’s prediction of GameFi and NFT, it will truly usher in a big explosion of DAO, and various types of DAO will emerge. There will even be a super historical torrent of rewriting the “corporate system” that has continued for hundreds of years. Of these newly born DAOs, very few of them will become “century-old stores” in the future, just like the century-old company we see now.

In the new year, the first quarter or the first half of the year may be the last climax of the bull market. During this period, the large-scale growth of L2 users may bring a climax to the overall encryption. Because everything this year has landed, the so-called dust has settled but everything is clear. After the peak, it will gradually become colder. As the global economy becomes colder, the encryption field has entered a truly long bear market. There will also be occasional ups and downs during this period. Innovation will happen after the second half of next year.

DAO is a re-evolution of traditional centralized social

Leading cognition will determine the strengths and weaknesses of different organizations (including decentralized organizations, DAOs, companies, and even countries). With the second transfer of the center of human civilization, the critical point that is about to occur (the center of human civilization will change from reality) The world transfers to the virtual world Metaverse, instead of a geographical transfer), this trend will become a real future, and the future will be very huge and extremely organized. It may be the decentralized organization DAO, which is like The Western powers invaded other countries hundreds of years ago, just as companies quickly squeezed other production models (such as the competition between the East India Company and the Eastern Agricultural Organization) hundreds of years ago. Only by facing this trend can we seize the opportunities brought about by the great historical turning point in the future.

Although it has been many years since DAO was proposed and born, it has not exploded on a large scale. 2022 will be a year of large-scale outbreak of DAO, and DAO with a market value of more than ten billion U.S. dollars will be born.

Dogecoin imitation SHIB goes from zero to tens of billions a year, and it is not surprising that DAO has a market value of tens of billions of dollars a year, and it is strange that it does not appear. In addition, these conditions are likely to be the peak of this bull market in the first half of next year. The highest state of blockchain 3.0 is the organizational form of decentralized applications.

Web3 thinking: The essence of value is the flow of ownership

The screenshot above is an article I wrote in July of the previous year. From DeFi to DAO, this is an evolutionary process. There are only enough infrastructure and seed evangelists, and the overall environment has reached a critical point, especially traditional social networking. The entry of giants can accumulate momentum and will naturally evolve to the moment when DAO bursts.

Although it has been many years since DAO was proposed and born, it did not explode on a large scale. Following the Twitter announcement, Meta (formerly Facebook) will now provide deep compatibility with blockchain technology, combining social systems with blockchain, encrypted currency and other Web 3.0 technologies. There will be more social giants accessing Ethereum in the future. The entire social world becomes SocialFi with Ethereum as the background.

With the entry of traditional social giants, matching basic tools, creating DAO becomes simple, because DAO itself is a part of social, and it can also be understood as “extension” of traditional social concepts. DAO itself is a re-evolution of centralized social networking.

Looking at the development of blockchain from a global perspective, blockchain 1.0 uses Bitcoin as the machine trust; 2.0 represented by Ethereum has smart contract functions, which is an innovation based on Bitcoin technology; 3.0 must be built on Based on the previous technology, it is like the evolutionary tree of life. Technologies such as Ethereum 2.0 and cross-chain cannot be called Blockchain 3.0. They are just an upgrade of Blockchain 2.0 itself.

Blockchain 3.0 should build applications, organizations, and ecology on the basis of previous technologies. Among them, representative rising stars must be born, just like Ethereum. Blockchain 3.0 should be a decentralized autonomous organization based on blockchain 2.0—DAOS.

If the beginning of DAO originates from the common people, it not only gathers popularity, but also gathers capital, then there is no need for VC at the beginning. This is a real community drive. This is the spirit of DAO. Later VCs want to enter only with ordinary people. It is enough for the public to enter equally. In line with the ideals of Twitter founder JACK. The prerequisite for the success of all popular models is that you must have the first awesome KOL push, plus you have a strong gene to poke pain points.

The creation and operation of DAO require a variety of decentralized applications, such as crowdfunding, voting, salary, and the appreciation of treasury assets, which are all part of SocialFi. SocialFi is a very broad concept. It does not necessarily have to be decentralized social + finance. It is more likely to occur in the combination of centralized social and blockchain. This is how DAO is created and operated.

Web3: Value is the flow of ownership

In the Web3 project, the essence of value formation is the flow of ownership, that is, the mutual flow of asset ownership, governance and privacy rights between individuals.

Value itself is “demand” and “supply”, and demand and supply are the various types of ownership of different individuals. The mutual flow of demand and supply forms “value”. The mutual flow of various types of ownership of individuals is the flow of assets, that is, the flow of ownership. The value of the Web3 project is not the user’s ownership (such as the user’s identity, assets, privacy, etc., which are only owned by individuals), but the flow formed by the flow of individual ownership, including asset liquidity, governance participation, and so on.

Value itself is “demand” and “supply”, and the interaction between the two forms “value”. This interaction is the flow of assets, that is, the flow of ownership. And liquidity is the storage of asset flow, the storage of “asset” flow, not the storage of assets. The value of the WEB3 project is not the user’s assets, but the asset flow and asset liquidity, because the ownership of WEB3 assets has only belonged to the user, not the project party. An image metaphor, the WEB2 traditional Internet project party is like a bank, and the total amount of user deposits represents the value of the project party.However, the WEB3 project party only provides users with “functional demand supply”. Only when the user uses it, does it generate value, that is, the asset flow, or the user provides liquidity, and this flow is stored in the asset flow memory manufactured by the project party. This kind of memory is very similar to the storage of electricity, and what it stores is “use itself”.

User data is on the chain. For WEB3, user data is not the project’s assets, but the user’s own assets, which is different from WEB2. For the WEB3 project party, the most important thing is the asset flow and liquidity, not the static user’s assets. Between the user and the project party, the user will only use it because the project itself has “value”. In this way, the real value meaning in WEB2 is refined. Value itself is “demand” and “supply”, and the interaction between the two forms “value”. This interaction is the flow of assets. And liquidity is the storage of asset flow, the storage of “asset” flow, not the storage of assets.

Many people don’t understand what fair issuance is, thinking that fairness means that everyone has the same amount of assets and dreaming about equality in nothingness. The law of nature tells us that the essence of fairness is the fairness and openness of rules, not an equal pot of food for everyone.

In October, the cryptocurrency analysis company Moonstream released data on the true state of the NFT market. The report stated that from April to the end of September, 16.71% of all NFT holders on Ethereum owned all 80.98% of NFTs.The company analyzed more than 700,000 addresses and more than 7 million tokens. Therefore, the sample size of this study is sufficient to understand the NFT market.

Now that more and more stablecoins are anchored to fiat currencies, there should be more and more anchored gold, real estate, oil, and US Treasury bonds, and the corresponding reserves are also hosted by professional trust institutions. In this way, mainstream assets in the real world can be digitized, which is a key link in the integration of future world assets and existing encryption. In particular, these digital assets that may appear in the future are not the digitization of stocks, but the mapping of real assets in the digital world, which is anchored and locked.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/web3-thinking-the-essence-of-value-is-the-flow-of-ownership/
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