When you start to fry shoes, your half feet have stepped into the coin

"After 70 stocks, after 80 real estate speculation, 90 after the speculation, after 00 fried shoes."

Recently, a strong hype has spread in high school students and college students, “5 times in 1 hour”, “several shoes sold hundreds of thousands of days”, “college students have exceeded 10,000 in monthly shoes” and so on. The headline of the human eye quickly landed on the major media.

There are two ways to fry shoes:

  1. Grab shoes through official channels and then sell them to others to make spreads;
  2. Selling goods, selling them to others after pulling high prices;

Obviously, this has been very different from the nature of the collection and sale between the past shoe lovers (collectors spend a lot of money to buy basketball star shoes is nothing new).

In response to the rise of the market for fried shoes, related hype apps are also being born.

Even some players with "coin circle" can't stand the temptation to go to the "shoe circle" to participate in this wave of hype…

With scarce attributes, is it suitable for hype?

In fact, whether it is land, gold, calligraphy, antiques, bitcoin or shoes, etc., as long as one thing has scarcity attributes, then people may participate in the hype, one sentence "things are rare" is to talk about this phenomenon.

So when it comes to scarcity, we have to mention the famous "Tulip Bubble" event and the "Mississippi Bubble" event.

In the Netherlands in the 17th century, there were two types of tulips at the time: rare tulips and ordinary tulips.


The production of rare tulips is random and the reproduction is very slow. Therefore, the supply of tulips of precious varieties is very limited. Due to the preference of French ladies, the price of rare tulips shows an upward trend, compared with ordinary tulips. The cultivation is very easy, so the supply is much larger, and the "tulip bubble" incident we know is happening on ordinary tulip. Its price has plummeted in the short-term.

Another famous historical example is the Mississippi Bubble.

"In 1716, the French government and the Mississippi company set up by the French government set off a stock speculation frenzy. The stocks they sold were sold out. Whether it is a wealthy or a villager, the fans, regardless of gender, are fantasizing from Lloyd's stock. The stock has gained endless wealth. The stock price has risen and rises, and the line has soared. Sometimes it can rise 10 to 20 percentage points in a few hours. In the morning, when you go out to the poor, you can get rich when you return home at night.

The serious overshoot of Lloyd's banknotes led to serious inflation, and the French people gradually realized that there were more and more money in hand, and fewer things could be afforded. And Mississippi does not make money at all. In fact, this company does not have a penny of income, it is a shell for the French King. After people understand this, they are crazy to sell stocks, just like buying stocks at the beginning. Finally, the company went bankrupt, the bank closed down, and the banknotes became waste paper.

Through the above two historical examples, we can see that the hype is caused by scarcity, but it collapses due to the loss of scarcity .

And this involves another attribute: reproducibility , or another saying " is it easy to fake ?"

Today, we see the outbreak of the shoe loop, but we need to face such a problem seriously:

“Is it impossible to copy shoes, is it not easy to fake?”

Just like the Mississippi bubble, once the shoes are fired on the sky, can you guarantee that NIKE will not add shoes, can you guarantee that the copying technology of "A cargo scientist" is not hard enough?

The author's opinion is not optimistic. In addition, the severability, durability and convenience of shoes are very bad. Short-term sneakers may be a good speculation, but it is not a good value storage. Personally, the ultimate ordinary limited shoes will be The ordinary tulip returns to the rational price.


(Photo from: Xiong Yue XiongYue)

In contrast, bitcoin, which has been developed for more than 10 years, has been fixed due to hard coding and community consensus, and bitcoin is far more separable, durable, convenient, and anti-counterfeiting. Sneakers, even more than gold, is the reason why its hype can continue, and even many people have regarded it as a good value storage, which is impossible for sneakers.

Everything can be fried, token can replace everything

Of course, the phenomenon of sneakers has already existed, and criticism is actually meaningless.

The person in the shoe circle will say:

"Everything can be fried!"

There is also a sentence in the real currency circle called "Tokenize Everything", which means "anything can be turned into a coin."

Through the blockchain, we can completely tokenize the ownership of the shoes and trade them out, so that we can solve the problem of forgery. Imagine that when NIKE wants to sell a new shoe, it passes Ethereum or other public chain. After issuing a new token, the participants can then snap through the new sneakers by lottery or other means. After the rush, NIKE will send the corresponding sneakers to the participants.

Participants can trade freely with tokens, and physical transfer transactions must be integers (1, 2, 3…). In the early stages of the market, this needs to be done through a third-party intermediary (exchange), participants After the handover of the shoes is completed, the exchange is responsible for releasing the transfer of the token. After the smart contract technology is perfected, such transactions can also be completed through DEX (Decentralized Exchange).

Even we can turn a thing into two tokens, one for ownership and the other for speculation. The ownership must be an integer transaction, and the speculation can be infinitely divided…

The end result is that the hype has been separated and it has become easier to participate in the hype.

Therefore, now involved in the speculation of shoes, in fact, unconsciously, you are already in the currency circle.