jakiro
On July 27th, Trump’s 50 -minute speech at the Nashville Bitcoin Conference was hailed as another milestone in the crypto asset industry.But after the meeting, some people counted and found that Trump did not mention Ethereum, blockchain, and Web3. The only time I mentioned Vitalik, but later found that it was wrong.
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Why doesn’t Trump mention Web3?Of course, I do n’t know the exact reason. I can only ask Trump ’s speech to Trump, which is said to be the CEO David Bailey of Bitcoin Magazine.But if you put this thing in the large framework of the entire Crypto industry, it is not difficult to understand.
in short,Trump’s speech basically reflects the progress of progressive Bitcoin supremacy.
Bitcoin and Ethereum are the two leading sheeps in the Crypto industry, and they are often compared together.But in fact, the two are very different. It can be said that two completely different ideological martial arts: Bitcoin is “useless”, Ethereum is “useful”.
The goal of Bitcoin is the benchmark for digital gold, the value benchmark of the digital world profit. In addition, it is not useful, especially without any use value.It is precisely because there is no use value, so you cannot analyze it from the level of utility, and you cannot measure its value with indicators.Therefore, Bitcoin cannot be defeated because you can’t think of the logic of defeating it.But on the other hand, Bitcoin does not leave any room for application development and ecological construction, and it is difficult for you to build anything on it.Many Bitcoin fans have been claiming that Bitcoin is the first and the last blockchain application. Bitcoin uses all the reasonable value of the blockchain.All the Bitcoin should not do it. All blockchain innovation except Bitcoin is full of affection.These views are the typical claims of Bitcoin suprematic of the original teachings.This is of course an extreme admiration of Bitcoin, but it is also a yield that Bitcoin cannot support greater value as infrastructure.
Ethereum is different. Its original goal is to do global computers, now it is a digital economy settlement layer, a dedicated computer, a useful thing. From the beginning, it appeared as an ecological infrastructure.This is the advantage of Ethereum, but it is also its weakness.Since it is useful, its use can decompose and measure based on some indicators, such as performance, TVL, number of users, throughput, and so on.Because Ethereum is useful, in theory, if you make a blockchain that surpasses Ethereum in all aspects, it is a more useful blockchain to defeat Ethereum.Since 2017, countless Ethereum Killer’s public chain narrative has appeared. Some of them once obtained high valuations, and the logic behind it lies in this.
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So it can be compared with this, Bitcoin is a big ball, which is perfect, but you can’t repair the upper building on it.Ethereum is a tablet, which provides you with good basic conditions for building upper buildings, but it is more fragile than Bitcoin.
Although Trump’s speech, although a lot of speeches, it is actually only repeatedly enhanced the Bitcoin logic of Wall Street, that is, recognizing the value of Bitcoin digital gold, expressing confidence in its value, providing policy guarantees after election.It is taller than a wave, but that’s it. It does not involve other aspects. It does not involve the topic of blockchain in changing the Internet application paradigm.
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Bitcoin provides different commitments from Ethereum. Bitcoin is a position that stabilizes digital gold and continuously increases its market value.Ethereum is the foundation to provide support for DEFI, Web3, RWA and other applications.
I think that Trump’s understanding of this industry cannot be so specific, so his speech mainly reflected in the long -term consistent position of “Bitcoin Magazine”, that is, we finally established the assets of Bitcoin as the mainstream conjunctionThe assets are asset, and now you can surround this new asset in the mainstream financial circle and bring all kinds of business and derivatives that can be done.In the past, gold has been added to Bitcoin now.Wall Street prefers such narratives.As long as customers like transactions, there are commissions to make money.
On the contrary, creating new technologies, tools, platforms, and application paradigms is what Silicon Valley likes to do.Therefore, when creating DEFI, Web3, RWA, or industrial blockchain on Ethereum, we can’t expect Wall Street to be particularly positive. We still have to do some famous halls first, and then Wall Street will join in.
Of course, this is not to say that Trump’s statements are really meaningless if you really implement it.The meaning is still great.First of all, if a large amount of funds are influing digital assets, it will also spread to these upper -level buildings.On the other hand, Trump said that it is very intriguing to give the SEC substitution.Because the guy Josler was recruited, to be honest, he was basically a green light for Bitcoin during his tenure.If you just stand on the standpoint of Bitcoin and look at Jansler, even if it is not a high score, it is very kind.The real conservation of Jusler is reflected in the strong obstruction of the Ethereum ecology, especially the web3, especially when the Hester Peirce’s “Tongfei Field” proposal has been drafted.Development.Therefore, changing Jesler is actually of little significance to Bitcoin, but it may be good for web3.
If the United States wants to become a blessing of web3, the attitude of SEC instead of Wall Street is more critical.Only by allowing the web3 project to apply token in a natural and reasonable way to perform user incentives and governance, at the same time implement effective supervision, and resolutely combat the sickle and frauds who cut coins and cut leeks, can web3 get a longer development cycle.EssenceOnly in this way can this industry truly get rid of the cycle of ups and downs.
I don’t know how deep Trump knows this issue, but it seems that He Jinli should not move forward in this direction. The more he thinks he thinks he is in the direction of history, and the more he is unsatisfactory when he infringes his personal freedom and rights.So this time the US election is indeed related to the interests of the Web3 industry, let’s wait and see.
