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Ecology and Technology in the Cryptocurrency Industry | Q&A

CN
道说Crypto
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1 year ago
AI summarizes in 5 seconds.

1. Will MegaETH be the engine of the bull market?

Regarding this project, my view is as I have written in the article: I believe its ecological significance for Ethereum is greater than its investment value. More specifically, it is not likely to directly stimulate the ecological explosion, but potentially provides diversity to the Ethereum ecosystem.

In general, internal factors within the ecosystem that can trigger a bull market are often applications rather than infrastructure. Projects like MegaETH are infrastructure rather than applications, so it is difficult for such projects to be the engine of a bull market.

We can also find traces of this in the development history of the Ethereum ecosystem.

Ethereum was launched in 2015, but the first significant surge in Ethereum/Ethereum prices occurred with the advent of ICOs starting in 2016, peaking in 2017.

The second surge in Ethereum/Ethereum prices began with DeFi in 2020 and NFTs in 2021.

Without the explosion of application models like ICOs, DeFi, and NFTs, Ethereum and its price would probably continue to stagnate.

This is also why I have always emphasized the fundamental importance of ecological applications.

2. What is our Twitter handle?

Our previous Twitter account was suspended for unknown reasons. Our current Twitter handle is @DaosViews.

Our Twitter account is mainly used for archiving articles and online communication, not for grabbing attention or seeking followers. Therefore, I rarely interact with others on it—I am just too lazy, and I prefer to spend my time reading. However, I do read the comments and questions from everyone, and I will select some of them to reply to in my articles.

3. In a decentralized world, is excessive involvement by project teams really a good thing? For example, I mentioned that I like TON because its team is from Russia, but its best feature is its high-quality user base on Telegram.

In my view, decentralization is a technical architecture, but I firmly believe that project operations require strong centralized team promotion, except for one type of project: assets like Bitcoin that have eternal consensus and do not require significant technological progress to maintain consensus.

Most projects (including Ethereum) require continuous progress and updates, so they need a strong centralized team to drive the project forward and develop it.

As for TON, I don't recall saying that I favor this blockchain, but I have mentioned on many occasions that I like Telegram.

The reason I like Telegram is very simple: this team from Russia dares to pursue the value of privacy to the fullest extent.

So when we talk about private chats now, the vast majority of users still prefer to use Telegram. Does this mean that Telegram's privacy technology is truly unique and flawless?

I don't think so.

It's the team's actions that make users believe that they will continue to make the greatest effort to pursue this goal.

4. NVIDIA is not really, at most, a narrative, and Ascend is progressing very quickly, with little difference.

If we delve deeper into this issue, it will be very sensitive. However, since a reader has mentioned it, I will share a bit of my perspective.

National sentiment and national pride are normal for everyone, but they should be based on objectivity and rationality.

To better understand the relationship between NVIDIA chips and Huawei chips, we can look at an example from the familiar crypto ecosystem.

We all agree that Ethereum's ecosystem is the strongest, right?

But can we say that Ethereum's public chain is flawless because of this?

Absolutely not.

If we break down every technical detail and indicator of Ethereum's public chain, and then compare each detail and indicator separately, we will find some interesting phenomena:

We can create a blockchain that significantly outperforms Ethereum in certain details or indicators (there are countless papers on such cases in current scientific literature in the field of computer science).

But can we say that these blockchains are progressing rapidly and have little difference from Ethereum because of this?

We should be cautious. Because overall, Ethereum still significantly outperforms these various blockchains that surpass it in certain details.

Why?

Because we will find that no matter how we compare, Ethereum is capable of handling many scenarios, running stably under various conditions, withstanding attacks from hackers every second, and suddenly producing something new in unexpected places.

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