Meng: Mr. Yuan Dao, last time we talked about, the pass must be run on the blockchain, otherwise the credibility is not enough. But the reality is that blockchain as a technology infrastructure is really bad. The previous week's CryptokitTIes was just a small game, just dragging the entire Ethereum to death. This kind of infrastructure is used to support the ideal pass-through economy we are squatting. Is it a bit too unreliable?
Yuan: It is true. At present, the infrastructure of the blockchain is too far away from the requirements of the operation certificate, which has become the focus of technological innovation in the blockchain industry today. You go to see the new pop-up blockchain project white paper, which one does not make a fuss about transaction performance? We all know that Bitcoin's theoretical maximum trading speed is 7 TPS, and Ethereum is 25-30 TPS. Today's white papers, below 10,000 TPS, are embarrassed to say hello. In fact, in the basic chain to improve the performance of the transaction, the technical challenge is great, no point is impossible, so now the Eight Immortals cross the sea, all show their magic, all work hard on this issue. There is a logical chain here, which is my advanced technology, so I am fast, I am fast, so my currency will be very valuable in the future.
Of course, because the white paper is now blowing big, so many people are questioning, is your technology really advanced enough, can you really run so fast? Question the premise on this logical chain.
But from the perspective of running the certificate, I have to take a step back and question the entire logical chain. If the main value of the certificate is to organize social collaboration in a new way, shouldn't the value of a certificate depend mainly on its social resource organization mobilization ability? Shouldn't it depend mainly on its economic system and incentive design? Shouldn't it depend mainly on its rich application and good user experience? Shouldn't it depend mainly on its number of users? None of these points must be tied to a particular chain. It should even be said that a pass that is truly useful, easy to use, and valuable should not be tied to a specific basic chain in the long run. This is in line with excellent mobile phone applications, such as WeChat, Alipay, and today's headlines. It should never be specific to a mobile phone operating system, not because you want to do a WeChat, you develop an operating system, I want to do today. Headline, I will develop another operating system. If you want to run 20 apps, you have to have 20 mobile phones on your waist. Isn't this a disease? But now many blockchain startup projects are still this logic, I have to issue coins in a certain field, so I have to do a separate chain, and then how advanced my chain, cloud.
Meng: I agree with you. Although there are still many projects in the current currency market, there are still some support, but I think this chimney single-use chain is about to become obsolete. Maybe your technology is really unique. Maybe you are hundreds of times faster than Bitcoin and Ethereum, but it is too difficult to build a prosperous industrial environment based on this. This is like writing a mobile operating system today, claiming 100 times more than iOS and Android blocks. Do you think this will be better than them? I am afraid that the pattern Tucson is broken.
I have seen some new certification projects, which are based directly on Ethereum or other basic chains. Some of them are even distributed on Ethereum, part of the release on Waves, or today on Ethereum, and will be migrated to EOS in the future. It can also be migrated to the upcoming Paliums with cross-chain and cross-platform (MulTI platform). In fact, this means that the decoupling of the pass and the basic blockchain has caused a stratification problem in the pass and blockchain.
Yuan: We are the ones who do IT and the Internet, and are most familiar with the concept of layering. What is the layer? Layers are abstractions and isolations of the details below. For example, in an enterprise business system, an operating system and a database are one layer, a middleware is a layer, and an application is a layer; in a web application, a bottom layer is a data layer, a business logic layer, a web layer, and a presentation layer. This layer of technology is piled up to form a technology stack. The technology on the upper layer of the technology stack relies entirely on the abstraction provided by the lower layer to develop, not cross-layer, and not tied to a specific lower-level product and implementation. This can be said to be the most important idea of ​​the entire IT industry for decades.
Meng: The pass and blockchain will also form a set of technology stacks.
Yuan: It must be. The question is, what will this stack grow like? The look of this stack is clear, and we know how you want to do in this industry.
Chimney, mobile internet and internet hourglass model
Meng: What is the president of the technology stack and the blockchain?
Yuan: Two acceptable modes, plus the unacceptable mode we criticized above, a total of three modes.
The first mode is the chimney pattern I just criticized. Every industry, every type of application, do a chain, each way, each has its own drinking, it is difficult to communicate with each other. This is an unhealthy format and unsustainable.
The second model is the Apple/Android model, where few oligopoly chains are evenly matched, and each chain forms a prosperous ecosystem, which is part of the chain. If you do a pass and don't want to be tied to a chain, then your pass or DApp will have to be set for each chain to form a cross-chain. This is similar to the situation where iOS and Android are both on the mobile Internet.
The third mode is the Internet mode. It should be known that the Internet Protocol standard is not designed by any company, nor is it the result of the defeat of the commercial war. The Internet Protocol is an unofficial organization such as the IETF, which is discussed from the bottom up with a very democratic and orderly mechanism. As long as you follow this standard, you can become a member of the Internet Protocol stack. In particular, there is a thin waist in the protocol stack of the Internet. That is to say, there are many protocols below. There are many protocols mentioned above, but at the interconnection layer, there is only one protocol, which is the IP protocol. This is the thin waist in the entire Internet protocol stack, and therefore the Internet protocol stack is called the "hourglass model."
Hourglass model of internet protocol
If the blockchain technology stack eventually grows into the Internet model, then a cross-chain communication layer needs to be added between the blockchain and the pass. And this cross-chain communication layer is the "fine waist" in the hourglass model of the blockchain. That is to say, this cross-chain communication layer must be able to be compatible with multiple base chains, and it must be able to support various types of certificate applications, but it requires unconventional appointments and preferably to a protocol. It is not easy to do this, but it is very important for the entire industry of the blockchain.
Meng: The chimney model is definitely not a long-term solution. In the future, it will definitely be decided in the apple model and the hourglass model. Which one do you prefer?
Yuan: As an Internet veteran, I certainly prefer the hourglass model because its inclusiveness, diversity and collaborative spirit are incomparable to other models. Blockchain is born out of the password punk movement, the pursuit of freedom, the dedication to decentralization, is part of this philosophy of technology. If the blockchain industry takes the Apple model and forms an oligopoly situation, it is still ironic.
Of course, in the field of the basic chain, I am afraid that only two or three major systems will be left behind, like Windows, MacOS and Linux on the PC, Windows, Linux on the server side, iOS and Android on the mobile side. We repeat this story at every stage of the development of the entire IT industry. The platform at the infrastructure level will eventually converge on two or three platforms, no matter how hot or fierce the beginning. The reason is very simple. For this level of platform, the whole industry is not willing to see a single big one, and can not afford the burden of supporting multiple platforms at the same time. You think, today we develop mobile applications, we have to develop two versions for iOS and Android, raise two teams, two sets of people, and have to coordinate between them, which is already overwhelming for many companies. If you have a bunch of platforms at the bottom, how do you live? So at the base chain level, I think it will end up on two or three platforms.
Meng: But now there are a lot of projects aiming at the basic chain.
Yuan: Most will die, very fierce, but can't escape. This will happen in the next few years. Competition at this level is not just a technical war, but also an ecological war, a resource war, a legal war, a propaganda station, a capital war, a sentence, a comprehensive war.
Meng: But many of the basic chains have a lot of money. They don't easily admit defeat. They think that I have money, so my short board can be filled up. I can fight it.
Yuan: I am in favor of this. If you have money, you can really make up the short board and you can fight to the end. The question is, how much do they have? If you have tens of millions or 200 million, you feel that you have money? In fact, ecological construction, if you invest in a billion, you may also hear an echo, not enough. The blockchain is such a big thing, the foundation chain is such an important platform, and some people will hold hundreds of billions of dollars to fight.
Meng: I understand that you think there can only be a few basic chains, but I don’t want this oligarchic situation to eventually lead the entire blockchain industry to the Apple model. So what?
Yuan: I think if we want the entire blockchain industry to develop healthily, don't go to the oligopoly. The key lies in two points. The first is to establish a set of agreements and a set of governance systems. In this regard, the Internet is exemplary and ICANN is exemplary. The second is to do a good job of cross-chain communication, which is the key to the entire blockchain technology system and the most strategic link. I think China's blockchain industry should work together on these two things. The rules of the game on the Internet are made by Americans. Although many of our media have been smugly reporting on how huge the Chinese Internet industry is, how many Internet giants in China are powerful, but those of us who understand the actual mode of operation of the Internet are very clear about this game. The rules are set by Americans. In the blockchain era, Chinese people cannot give up the opportunity to make rules.
Three routes for the development of blockchain industryMeng: But your focus is still on the pass and application layers, right?
Yuan: Yes. I claim to be a generalist.
Meng: How do you understand?
Yuan: We must know that there is a difference between the route and the faction about how the blockchain industry should develop. I can now clearly see three different routes.
The first route is to use the blockchain as a distributed ledger, an upgraded version of the distributed database. Those who follow this route believe that the biggest value of the blockchain is to reduce commercial friction, so that enterprises that are originally leading in the industry use Distributed Ledger Technology (DLT) to share key data with each other, thus making business Trust is passed and business friction is drastically reduced.
Meng: Yes, the blockchain concept that I accepted in IBM before is like this. We usually think of using the blockchain to manage the supply chain, anti-counterfeiting and authenticity, speed up business processes, and improve the efficiency of clearing.
Yuan: Yes, there are two biggest features of this route. The first is that the pass is optional. The second is reform, no revolution, no industrial subversion. You are the boss, you are still the boss, and because the efficiency has improved, your boss's position is more stable.
Meng: But as you said before, without the pass, it is equivalent to abolishing the power of the blockchain by 90%.
Yuan: Yes, the blockchain that is not combined with the pass is the blockchain that has been castrated. Its subversiveness and power are greatly reduced. However, it is not an addiction. It is just an upgraded version of the enterprise database technology. It’s good for the community to close the door and discuss it. It’s not enough to play so many people.
Meng: What about the second route?
Yuan: The second route is the route from the password punk movement, strong rebellion, strong idealism.
Meng: Just like those who engage in dark nets and engage in the Silk Road, they use the digital cryptocurrency to anonymously trade all kinds of things. Even if they are used by criminals to buy and sell drugs, arms, and murderers, they believe that this is a must for protecting freedom. cost. But such idealists and super-liberalists do not seem to have much in China.
Yuan: There are not many people in China. But this route has a derivative, the so-called currency circle, which is super prosperous in China. Although the surface of the currency is concerned with the trading of digital currencies and price speculation, 100% profit-seeking, but deep into the essence, you will see that this circle is actually based on idealism, they believe that digital pass has I believe that the value of self-evident, I believe, it is worth the money. They feel that digital certificates do not have to have intrinsic value. They do not necessarily have application scenarios. They do not necessarily need government support. As long as they can be bought and sold in the market, they are valuable. As for bubbles, speculation, risk, fraud, and pyramid schemes, these do not matter when prices are rising. The "coins" they send are often directed at PR. There are no clear application scenarios, and there are no strong business resources to land. Today, they will not use them and will not use them in the future. If the first route thinks that the pass is optional, then the second route treats the pass as everything, even its practicality and intrinsic value.
Of course, I have to admit that there are a lot of practices in the second route that are correct, such as issuing coins, such as going to the exchange, getting a liquidity premium, and so on. However, the confrontation between this line and the current system and law is not desirable.
Meng: Interesting. So what about the third route you said?
Yuan: That is of course the generalist route we have talked about. We also conducted a detailed discussion of this route in the last dialogue. To sum up, the route of the General School is to emphasize the core position of the certificate in the innovation of the blockchain, so that the blockchain can exert its greatest power - running the certificate. At the same time, we require that the certificate has intrinsic value, has a clear application scenario, can be quickly circulated, and is as easy to trade as possible. Because I have already talked about it in detail before, I will not talk about the significance of the general economy here.
I think that our third route, that is, the route of the census school, is the right way to develop the blockchain industry. It can not only receive the support and affirmation of the government and society, but also stimulate the endless innovation and subversion of all walks of life and even the whole society. At the same time, it can completely avoid some of the drawbacks of the currency speculation. I encourage more and more blockchain entrepreneurs to consider the entrepreneurial innovation route from the perspective of the certificate. You don't have to engage in a chain, and then say how advanced your technology is, how many times faster than Bitcoin and Ethereum, so your currency can be very valuable, which is not an attitude of seeking truth from facts. The focus should be on the general certificate, what kind of certificate is issued, how the economic system is designed, how to make the ordinary user have a more convenient experience, how to connect with the traditional system of the enterprise, and so on. This is the route of our Generalists. I believe that it is the route that can bring the greatest benefits and minimal negative impact to China's economic and social development.
Meng: I think I am also a generalist.
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