Co-Founder of Port3 Network
Co-Founder of Port3 Network
Subscribe to Anthonyx
Subscribe to Anthonyx
Share Dialog
Share Dialog
<100 subscribers
<100 subscribers
What does blockchain actually mean?
Today, I was chatting with a friend about blockchain and AI. He thinks that AI is developing rapidly and that it may change everything in the future. Many applications may be worth rewriting with AI, and I agree with this view. As AGI becomes more powerful, people's interactions, work, and lifestyles will undergo significant changes.
However, he was pessimistic about blockchain and believed that progress had been slow and there was nothing good to say about it. He felt that this revolutionary technology was not worth mentioning because it did not improve efficiency. I disagree with his view and would like to illustrate that blockchain still has great potential, especially when combined with other disruptive emerging technologies. Since it is a technology related to rules, its ability to improve overall social efficiency is significant.
If AI is to the previous Internet technology what a car is to a horse-drawn carriage, there is no doubt that there will be great changes. The horse-drawn carriage will be eliminated, people's travel will become more convenient, cities will expand, and the economy will develop. However, blockchain is like traffic rules. No matter how efficient the means of transportation is, it needs traffic rules. Without traffic rules, people drive randomly on the road, greatly increasing the risk of collisions. Once an accident occurs, no one can get away. Even airplanes in the sky need traffic rules; otherwise, they cannot operate efficiently. Blockchain is similar to law and rules.
When we observe the history of blockchain, we often encounter major crises caused by things outside of blockchain technology, such as trusting human nature and a gray area of trust. For example, the ThreeArrow and FTX event showed that some institutions and companies with a bright appearance may conceal various risks behind them. Blindly trusting them can lead to the loss of wealth. Therefore, the trust under the technical guarantee brought by blockchain is precious.
Why are there so many problems in this world? It is because everything is not running according to the predetermined track. If everything runs according to the predetermined track, everything will be peaceful. Blockchain allows all behaviors to return to their origins, and things should be done according to the rules. The consensus embodied by blockchain is the cornerstone of human civilization's development to such prosperity today. Without rules, everything cannot be built.
In the real world, there are many such scenarios. In SoQuest(https://soquest.xyz), we also face the question of whether to take over the rewards to be distributed by the project party. To be honest, we initially did not want to take on this responsibility because we had to manage the details and make deductions for the assets entrusted by the project party. However, if we do not do it, the trust between the project and users will be unstable, just like completing a job but not getting paid. After weighing the pros and cons, we automated the distribution.
We used a clever method by putting everything on the contract, making asset management relatively easy. The amount deposited by the project party is all placed in the contract, and the corresponding balance is also recorded in the contract. When rewards should be distributed, they will be deducted from it. With just one contract, all token custody issues on this public chain can be solved, which is a relatively good result. This is the magic of blockchain.
Therefore, the value of blockchain has not disappeared. It still exists and has become more important. Blockchain means rules, contracts, and the foundation of the society we rely on for survival.
Port3 Network: https://port3.io
SoQuest: https://soquest.xyz
SoQuest Android: https://play.google.com/store/apps/details?id=io.port3.soquest
SoQuest iOS: https://apps.apple.com/us/app/soquest/id6446230192
What does blockchain actually mean?
Today, I was chatting with a friend about blockchain and AI. He thinks that AI is developing rapidly and that it may change everything in the future. Many applications may be worth rewriting with AI, and I agree with this view. As AGI becomes more powerful, people's interactions, work, and lifestyles will undergo significant changes.
However, he was pessimistic about blockchain and believed that progress had been slow and there was nothing good to say about it. He felt that this revolutionary technology was not worth mentioning because it did not improve efficiency. I disagree with his view and would like to illustrate that blockchain still has great potential, especially when combined with other disruptive emerging technologies. Since it is a technology related to rules, its ability to improve overall social efficiency is significant.
If AI is to the previous Internet technology what a car is to a horse-drawn carriage, there is no doubt that there will be great changes. The horse-drawn carriage will be eliminated, people's travel will become more convenient, cities will expand, and the economy will develop. However, blockchain is like traffic rules. No matter how efficient the means of transportation is, it needs traffic rules. Without traffic rules, people drive randomly on the road, greatly increasing the risk of collisions. Once an accident occurs, no one can get away. Even airplanes in the sky need traffic rules; otherwise, they cannot operate efficiently. Blockchain is similar to law and rules.
When we observe the history of blockchain, we often encounter major crises caused by things outside of blockchain technology, such as trusting human nature and a gray area of trust. For example, the ThreeArrow and FTX event showed that some institutions and companies with a bright appearance may conceal various risks behind them. Blindly trusting them can lead to the loss of wealth. Therefore, the trust under the technical guarantee brought by blockchain is precious.
Why are there so many problems in this world? It is because everything is not running according to the predetermined track. If everything runs according to the predetermined track, everything will be peaceful. Blockchain allows all behaviors to return to their origins, and things should be done according to the rules. The consensus embodied by blockchain is the cornerstone of human civilization's development to such prosperity today. Without rules, everything cannot be built.
In the real world, there are many such scenarios. In SoQuest(https://soquest.xyz), we also face the question of whether to take over the rewards to be distributed by the project party. To be honest, we initially did not want to take on this responsibility because we had to manage the details and make deductions for the assets entrusted by the project party. However, if we do not do it, the trust between the project and users will be unstable, just like completing a job but not getting paid. After weighing the pros and cons, we automated the distribution.
We used a clever method by putting everything on the contract, making asset management relatively easy. The amount deposited by the project party is all placed in the contract, and the corresponding balance is also recorded in the contract. When rewards should be distributed, they will be deducted from it. With just one contract, all token custody issues on this public chain can be solved, which is a relatively good result. This is the magic of blockchain.
Therefore, the value of blockchain has not disappeared. It still exists and has become more important. Blockchain means rules, contracts, and the foundation of the society we rely on for survival.
Port3 Network: https://port3.io
SoQuest: https://soquest.xyz
SoQuest Android: https://play.google.com/store/apps/details?id=io.port3.soquest
SoQuest iOS: https://apps.apple.com/us/app/soquest/id6446230192
No activity yet