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22/5000 Gold rock: will the "encryption credit" be industrialized?

The rising and bursting of asset bubbles is the driving force of industrial innovation.

The "currency circle" of 2017 is treacherous. For the first time in February 2011, the bitcoin is the starting point for the first time, and the "one coin is the largest" for five consecutive years. Then, 2017 is the "song of the phoenix".

According to CoinMarket, the top 10 encryption currency in 2017 has not increased by only 10 times, while Ripple/XRP ranks first, with an increase of 36018% over the year. A seemingly worthless company has created a cryptocurrency that has jumped from a multi-million dollar valuation to a market capitalisation of more than $350 billion. Will it go down like a tulip bubble? I don't think so. It may become the new leader in the industrialization of encryption resources.

The market was rattled by "encrypted credit".

The trading foundation of any asset cannot be separated from credit. I have repeatedly insisted that bitcoin be translated as a bit "code" because it creates the super-sovereign credit of the global market: "encrypted credit".

Rayleigh wave currency and bit "code" and different wave currency is in encrypt credit on the basis of the development of a financial payment platform, or more precisely, a member of the network is an open source sex, improve the trading and settlement in cross-border trade and security at the same time. Compared to the bit "code" :
First, bitcoin's "nakamoto" is the dragon, neither the first nor the tail. The control of the currency is in the private sector, leading members into the market between international financial institutions (SWIFT: global interbank financial telecommunication association).
Second, bitcoin is not a currency but a currency, with limited practical USES; Like a casino chip, it is known as the "bridge" currency because it can choose to honour a different mainstream currency when it leaves.
Third, bitcoin is a "mining" industry with diminishing output, but energy consumption is increasing. It is similar to tencent's "Q coin", which is the payment tool for the free circulation of the P2P lending network platform. The value is increasing.
Fourth, the bit "code" is one of the encryption credit, the same kind of encryption credit can be infinitely copied; It is similar to a company's stock, and the actual control of a person's holding position is limited.

It looks as if an emerging industry is in its infancy. However, the policy system of governments is mainly regulated by the old economy, so they are either helpless or overwhelmed by the rise of "encryption credit".

And the market spontaneous "struggle" is to expand development space in the transfer, such as China closed after three encryption currency exchange in less than two months, the three exchanges outside the door operation. Everything is the same, and the price is rising. Now the south Korean government wants to close the domestic encryption currency exchange, triggering a sharp collapse. In South Korea, a petition against the government's ban is already under way. The recent slump may lead to the return of the "king" of cryptocurrency markets.

The new economy is always accompanied by a "bubble"

There is no need to deny that the "encrypted credit" trades are riddled with scams and bubbles, as I say: the bit "code" is a dragon, but the "ICO fleas" are spawned on the block chain's dragon bed. But in retrospect, almost all of the emerging industries were born with the same old, new, and evil, and the rising and bursting of asset bubbles were the driving force of industrial innovation.

The value of the new economy is always in a wide range of questions emerge from even has often been cited the "tulip bubble" is also the birth of a new industry, after the bursting of the bubble in the Dutch flower market is still in the orderly operation. "Irrational exuberance" almost inevitably leads to "cliff collapse", but in the industrialization of "encryption credit", we have to marvel at the efficiency of innovation.