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        <title>CHch</title>
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        <description>A practitioner in the crypto industry</description>
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            <title><![CDATA[The era of Web3 is the era of applications​]]></title>
            <link>https://paragraph.com/@chch/the-era-of-web3-is-the-era-of-applications</link>
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            <pubDate>Thu, 19 May 2022 10:08:51 GMT</pubDate>
            <description><![CDATA[Now is the era of Web 2.0, and everyone has the opportunity to speak up. If it is Web 1.0, all information can only be passively accepted. Web3, on the other hand, can not only make a sound, but also all the rights of each person are in the hands of the individual, and the whole is related through the algorithm, so it is very similar to the ant colony, the fish colony, the genes are individual, and the colony is through something invisible When connected, the whole group is a whole new indivi...]]></description>
            <content:encoded><![CDATA[<p>Now is the era of Web 2.0, and everyone has the opportunity to speak up. If it is Web 1.0, all information can only be passively accepted. Web3, on the other hand, can not only make a sound, but also all the rights of each person are in the hands of the individual, and the whole is related through the algorithm, so it is very similar to the ant colony, the fish colony, the genes are individual, and the colony is through something invisible When connected, the whole group is a whole new individual.</p><p>The global epidemic will promote distributed home office, and distributed home office will also promote the development of a decentralized collaboration model. In the past, agriculture as a unit of village to industry as a unit of factory, and then to a global distributed work with DAO as a unit, this itself is also the evolution of human cooperation, which is characterized by the increasing ability of entropy reduction.</p><p>It needs to be said that even if there is a DAO, centralized companies will not disappear, and village-style agriculture will not disappear. It is just that the proportion of manpower and capital in the whole society engaged in the old model is getting smaller and smaller, and the manpower of human society is less and less. and capital is increasingly being transferred to new models and areas, groups that do not transfer will lag behind those that have been transformed, and will be &quot;exploited&quot; by groups that have successfully transformed, because the global economic system will naturally distribute the division of labor in this capital chain , this is an invisible force, just like the plundering and exploitation of agricultural countries after the emergence of industry. This itself is also the evolution of human society, otherwise all are primitive people.</p><p>We are all wondering why Europe and the United States can live a leisurely life and make a lot of money? I think the first-mover advantage is the most important. Industrialization, informatization, and decentralization have all been born and developed in Europe and the United States. The most important thing for any economic system is to create an ecosystem and establish a first-mover advantage. The status in the system, like the rule maker can control the deserved part of the whole ecology.</p><p>This is true of any economic system, be it an industry spread across the world, or within a company. Those who make money must be the biggest beneficiaries, otherwise the bosses will not work harder in the early stage than those who work part-time. For the global modern economic system, Europe and the United States implicitly play the role of early-stage entrepreneurs. The countries that followed later were all wage earners in the global economic system.</p><p>Only by becoming the founder and boss of an economic system can you become the biggest beneficiary.</p><p>The concept of human existence is not static, and the concept of existence itself has also evolved with the evolution of human cognition.</p><p>In the earliest religious era, people believed that God was real. This was the mainstream consensus at that time. The great scientific giant Newton believed in the existence of God, not because he was afraid of being persecuted like Galileo, but because he believed that God was real. , that was the mainstream view of existence at that time;</p><p>In the scientific era from 300 years ago to the present, the mainstream view of existence has become that existence must be based on information induction, that is, all reliable scientific theories must have observational data as confirmation and falsification. The Nobel Prize is basically based on The underlying foundation of this scientific consensus is given to the inventors or experimental observers of the most cutting-edge and information-tested theories.</p><p>In the coming era of algorithmic cognitive paradigm, a potential new view of existence will become the mainstream consensus, that is, logic is existence.</p><p>Zero-knowledge proofs are actually beginning to subvert the traditional view of existence. Existence is not necessarily just seeing and sensing. Existence, can be logical. The algorithmic cognitive paradigm is now quietly sprouting, and may even become the mainstream cognitive paradigm in the future, surpassing the scientific cognitive paradigm. The mainstream theories in the future will be pure mathematical theories and algorithmic theories, rather than the scientific theories we are familiar with now.</p><p>In fact, the Nobel Prize was awarded to the theoretical inventor Penrose, who has not yet been tested by observational data, and has secretly revealed this possibility. In the past, the Nobel Prize in Physics was usually awarded to theories that can directly solve experimental problems or predict experimental phenomena, but Penrose&apos;s award the year before was the first time in the history of the Nobel Prize to award theoretical discoveries without direct experimental or observational verification. This may mark some kind of evolution in human cognition.</p><p>Existence is not necessarily seen or observed, but also includes logical reasoning. In this way, many of those that have been mathematically proven may not have been applied by some &quot;scientific&quot; theories, and perhaps most of them can be &quot;discovered&quot; and applicable in the future.</p><p>By the time the algorithmic cognitive paradigm becomes the mainstream in the future, the existence view that logic is existence has become the consensus of all mankind.</p>]]></content:encoded>
            <author>chch@newsletter.paragraph.com (CHch)</author>
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            <title><![CDATA[Metaverse: A virtual world with a unified experience for all mankind]]></title>
            <link>https://paragraph.com/@chch/metaverse-a-virtual-world-with-a-unified-experience-for-all-mankind</link>
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            <pubDate>Fri, 14 Jan 2022 06:14:39 GMT</pubDate>
            <description><![CDATA[The metaverse infrastructure I understand should include three directions: economy, identity, and immersive experience. These three directions, each of which can produce huge commercial behemoths, which may be centralized companies or decentralized DAOs. At the macro level of the group, the economic system is very important, and the virtual world in the future should be shared by all mankind and belong to all mankind in the world. This kind of group macroeconomic system should be decentralize...]]></description>
            <content:encoded><![CDATA[<p>The metaverse infrastructure I understand should include three directions: economy, identity, and immersive experience. These three directions, each of which can produce huge commercial behemoths, which may be centralized companies or decentralized DAOs.</p><p>At the macro level of the group, the economic system is very important, and the virtual world in the future should be shared by all mankind and belong to all mankind in the world. This kind of group macroeconomic system should be decentralized. If it is centralized, then This virtual world is a national model. The economic system of the virtual world belonging to all human beings in the world is equivalent to a country. It is contradictory to map the real world. Unless the whole world becomes a country in the future, it is assumed that Sex is too strong, and from a logical point of view, the metaverse economic system must also be decentralized.</p><p>The economic system is in the macroscopic sense, and the economic system in the macroscopic group sense determines the individual identity system. The individual identity corresponding to the centralized economic system is different from the decentralized identity corresponding to the centralized economic system, and the infrastructure is different. Logically, the economic system must be decentralized, not centralized.</p><p>Identity matches the economic system. Since it is a decentralized economic system, identity is also decentralized, which is very consistent with the Web3 concept. This should be the direction. So many people say that NFTs are related to the metaverse. The current NFT avatar represents a decentralized identity. Also known as &quot;community&quot; and &quot;socialization&quot; now, people with cypherpunk NFTs will put up their avatars on Twitter. If Twitter launches this function in the future, then people with the same type of NFT avatars will naturally It belongs to their common community, and Twitter itself has a circle of topics, but they naturally communicate in their own community. People without such avatars can also join the group, but they are not members of the DAO committee. Now looking at the ENS decentralized domain name, it can also be classified as one of the solutions of decentralized identity. As a centralized identity solution, the possible role of decentralized domain name is estimated to be only the same as other NFT types, and there will be no special large user base.</p><p>Immersive experience, that is, the super popular virtual reality right now, especially the experience in the game.</p><p>Global integration is a megatrend. From Qin Shihuang&apos;s unification of six countries to connect the largest continent on earth, to Genghis Khan&apos;s attempt to connect the world, to 1492, Columbus arrived in the Americas, and from 1519 to 1522, Magellan&apos;s fleet completed the circumnavigation of the world. At this time, the world began to connect. On January 3, 2009, on a small server in Helsinki, Finland, Satoshi Nakamoto dug up the first block of Bitcoin, the genesis block, and was rewarded with 50 bitcoins. The world begins to trust connectivity based on algorithms. The connection of all people in the world will first be realized in a virtual world, that is, the world&apos;s common experience based on algorithmic trust - the Metaverse.</p><p>NFT composability is indeed going to be a big business, and it&apos;s not there yet. An NFT may be a combination of multiple NFTs, a combination of multiple FTs, or a combination of multiple NFTs and multiple FTs. This will drive the store of value market, which is larger than Bitcoin&apos;s store of value and has greater real demand. Both Twitter and discord are trying their best to fly to the background of decentralization, and there will be more traditional social giants to become the background of decentralization, and centralized social giants to become the background of decentralization. Unit by unit, which requires various combinations of value storage and value storage.</p><p>From disorder to order, energy and information are consumed. In the real world, drastic entropy reduction would cost enormous sacrifices. Qin Shihuang unified the six kingdoms, behind the sacrifice of how many lives, whether it is Qin people, or all countries in the world. This is true of all entropy reductions, including the decentralization process, and it is impossible to be affectionate.</p><p>If we look at the current currencies of various countries from the perspective of currency standard, then at least a global currency system can be established, but one thing is that the wealth of the world is increasing (because human beings are moving forward, the demand created must be increased, and the demand is wealth), and Bitcoin cannot be issued additionally, then the purchasing power of the world’s currency units will become larger and larger, which must also be a problem, because what human society must pursue is a currency that matches the purchasing power, that is, anchoring a globally unified currency purchasing power currency.</p><p>Crypto is more than just money and financial applications. Just like Ethereum has expanded the dimension of Bitcoin&apos;s &quot;coin&quot; and extended to the dimension of &quot;application&quot;, with the development, encryption technology will extend to a higher dimension again, which is a meaningful direction, just as Galileo suddenly discovered glasses. Commercially sold glasses may be used to study celestial bodies. He invented the telescope. This behavior is actually the beginning of modern science. Observation + logic forms a self-consistent scientific theory. Complete, and apply the theory to practice, the emergence of new technology revolution, to the industrial revolution, to the information revolution, until today. The same is true of Satoshi Nakamoto’s Bitcoin. If it is only regarded as a currency, it is really narrow-minded.</p><p>In the era of 10,000 chains, all of them are engaged in public chains. And this momentum continued until June last year, until after the outbreak of DeFi, everything seemed to suddenly enter a new era. Now I don’t expect that Binance Smart Chain has temporarily succeeded as an Ethereum side chain. This also caters to the trend of DeFi, allowing the chain to have applications and ecology, not just for 1C0. The future trend may be like a big tree, the main pole is Ethereum, and then there will be many branches, these branches are meaningful, and the public chain independent of the main pole of Ethereum may not have much meaning, independent of Ethereum It also wants to build interoperability with Ethereum, but the level of prosperity is hardly comparable to that of the main Ethereum pole or even a fork on it. Of course, this is only the value application level, just like Bitcoin is only &quot;coin&quot;, and Ethereum has raised a dimension, the future infrastructure may have a new dimension, not only &quot;coin&quot;, not only &quot;coin&quot; Smart Contracts&quot;.</p><p>Times make heroes, but V God, who was only 19 years old at the time, did not expect that Ethereum could become the current 500 billion US dollar ecosystem, and it is very likely that it will become the basic background of the metaverse in the future, the future of mankind. DeFi is building a brand new parallel financial system and economic system, it is the entire ecosystem, not just finance.</p><p>It should not be a certain chain that will surpass Ethereum in the future. Just like when Ethereum appeared, it redefines a larger dimension, that is, Ethereum is not just a &quot;coin&quot;, and it is not the &quot;coin&quot; similar to Litecoin and Dogecoin that surpasses Bitcoin. Beyond Ethereum (here mainly refers to the market value), either a decentralized application or Dfinity, Dfinity is not as likely as a decentralized application, and this decentralized application is not Will be limited to DEFI applications.</p>]]></content:encoded>
            <author>chch@newsletter.paragraph.com (CHch)</author>
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