Encrypted currency and class traversal (5): The digital printing industry has ushered in a heavy elite organization. Do ordinary people have the opportunity to turn over?

The people who eat melons in the currency circle are not expected to dream. The seemingly boring hearings made a big news.

The July 31 news showed that the US Securities and Exchange Commission (SEC) is seeking to work with some contractors to run Bitcoin and Ethereum nodes, and may run Bitcoin cash, stellar coins, Zcash, EOS, NEO and A node of other cryptocurrencies such as Ripple. There are 1000 Hamlet in the eyes of 1000 people. For this news, various practitioners may have different interpretations. However, in my opinion, the biggest impact of the SEC's entry on the cryptocurrency industry is that it means The elites of the traditional industry have already officially entered the room and entered the mainstream currency field. The general class is gradually losing influence on these sub-segments. They are gradually reducing the possibility of class crossing through the mainstream currency. .

The question is coming, how can we go in the future?

First, the dry industry is not as good as printing money: the node may be the most earning blockchain business of the ordinary class.

Let me explain to you first, how important the role of the public chain node is in the entire public chain ecology, and how important it is for ordinary people to achieve fate.

As I mentioned in the previous article, many of the methods involved in the cryptocurrency industry to achieve class traversal have two main points: one is to obtain a larger proportion of cryptographic assets; the other is to cut into the circulated system of cryptocurrency. among. The so-called "public chain node" is the type of role in the cryptocurrency system that has the strongest income rights and discourse rights. On the one hand, they can get token income by making contributions in the system; on the other hand, they have the right to make their own suggestions in some major decisions because of their prestige in the project community.

Speaking of this, why many ordinary people can achieve the fate of turning over by becoming a node, the answer has been relatively clear: it relies mainly on the "token income" link. Because they are the first group in the public chain system except for the project side, they are exposed to the tokens. Therefore, the cryptocurrency they receive does not include the cost of circulation, and the overall cost is lower than the average. What's more interesting is that with the fact that many blockchain projects have begun to imitate bitcoin according to cats and tigers, they have created a "node system". For some people with certain social resources, the margin of cryptocurrency is obtained through the operating node. The cost, compared to the traditional "POW mining", is as low as horrible.

As a result, for some nodes whose operating costs do not need to be too high, they can often obtain quite a large amount of money by unlocking tokens in a relatively reasonable pass-through ecosystem. To give the simplest example: a public-chain project with a distribution model first at the end of 2017. Some people have a rich network of resources. Just by promoting the token link in the circle of friends, they have smashed wool worth 340,000 yuan in a few days, which is equivalent to a middle-class income of one year. This is a high profit. The amazing benefits that nodes can achieve. The so-called "doing business is not as good as opening a bank, and opening a bank is not as good as printing a banknote." This is actually the reason, although the "banknote" here is not a currency in the real sense, but more like a value circulation in a digital ecology. Carrier.

It is true that not all public chain nodes will have such high returns, and some public chains will make the nodes meager or even lose money after a god operation. For example, in the same period last year, the annual return rate was reduced from 5% to 1% of the EOS project side. But overall, after learning some lessons, a considerable number of projects are generally more willing to spend money. After all, no economy in the world can achieve economic prosperity with extremely low currency flows. Throughout the past, some of the inexhaustible project parties have long been silenced because of the ecological activity, and eventually classified as broken or even zero coins.

Second, how to do the elite admission? Change to the home to fight!

After knowing this general principle, it is understandable that the elite represented by the SEC enters the operation of the node of the mainstream currency, and what kind of influence it will have on the ordinary class. The regulatory impact will certainly be there, but since it has nothing to do with the topic of this article, there is not much discussion here. What is certain is that the SEC and the contractor's joint cryptocurrency node will have an unavoidable consequence: it will greatly enhance its influence in the veteran cryptocurrency community, both economically and politically. . More importantly: if the operation of some cryptocurrency nodes allows the elite to taste the economic sweetness, from now on, they will regard this business as an important source of profit, and even rush into this field. . Perhaps 10 years later, it is not impossible for Bitcoin and Ethereum's mine pool nodes to be controlled by financial technology giants such as the size of the company and GAFA.

In fact, such a thing is not a unilateral speculation of the author. Recently, the node roles of some star projects have begun to be gradually controlled by the elites of the currency circle, which confirms the author's thoughts. Typically, it is EOS. Through the Staking model, large-scale project parties including exchanges and wallets, the grassroots communities that pointed out last year have already kicked out the top 21. This situation arises, on the one hand, because the value of EOS has been recognized by people with high consensus, and on the other hand, because the elite has a complete "weapon" like the POS mine pool, it can be expected that This is definitely not the end of the story. Like those projects that are qualified to work with the SEC, it is definitely possible to kick existing exchanges and wallets out of the public chain through other infrastructure (such as Bakkt) in the future. The circle is equal to the end. The high-consistency public chain will become the tool for the elites to safeguard their own interests and even widen the gap between the rich and the poor. As for the ordinary grassroots, they want to achieve class crossing through these projects. Even the counterattack elite? Basically there is no chance.

So, in the face of this situation, what should the ordinary class do? Is there a node location for the cryptocurrency field? The answer is yes. In fact, the projects that the SEC is aiming at can only be said to be relatively well-known old-fashioned projects. Not only is the availability to be discussed, but the system of token release is difficult to justify (for example, NEO and XRP are strictly alliance chains). There are almost no nodes to say. As for other new value projects, they have not yet discovered them. After all, compared with individuals, one of the characteristics of elite institutions in the currency circle is that they are relatively cautious in decision-making and slow in action, which makes their admission time always half a beat slower than grassroots.

Under such circumstances, those who are ambitious and capable of ordinary people must play their own excellent qualities, learn as much as possible of the current market value targets, and select those with relatively good fundamentals and their ability to cut into them. Moreover, the marginal profit of the node operation has certain guaranteed items and efforts are made to participate. For example, several cross-chain or public-chain projects of the fire this year can be the focus of attention. As for those projects that are less well-known, but relatively stable, they are not everywhere.

In general, ordinary people can be nervous in the face of the elites entering the field of encrypted printing, but there is no need to panic. As I mentioned in the previous series of columns, as in any industry, the dividend period in the cryptocurrency segment also has a longevity. From past experience, the narrowing or even disappearing of opportunities is not the most terrible, but if When the big ship is going to sink, you can't jump to other ships because of lack of learning ability, so it is very passive.

Click to view this series of articles:

Encrypted Currency and Stratum Crossing (1): Bitcoin is your only chance to "slap the table"

Encrypted currency and class crossing (2): the chain of traditional elites is confused, or the opportunity of ordinary people

Encrypted currency and class crossing (3): After the layout is over, where do you expect the bull market?

Encrypted currency and class crossing (4): elite class, bitcoin battle, petty bourgeoisie is the biggest loser