Ethereum - The world's most valuable treasure

From the first man on Mars to the man who sold dental discs most of the last month, the competition shows the world around us on every level. Ironically, the best way to win in a very competitive world is to trade and avoid the competition. How to monopolize The first step is to do something that people enjoy by offering products that are better than the current situation. The second step is to maintain the freedom to measure products when the free market allows access to competitors and allows malicious competition. Maintain the monopoly and continue as long as possible [2].

ETH has developed two completely different approaches, each creating the most valuable assets and assets.pit[3] Promotion.Ethereum is technology, Ethereum is money, and these two elements make Ethereum one of the most valuable assets in human history..

Technologie Ethereum

The first step: to create a better product than it is now.

From Wells Fargo to Amazon to Facebook, all digital brokers are archives that use processes to help manage their products. The assets created by each broker's product are owned by the third-party management company, even if they depend on the broker's assets.

A financial institution manages user credit and the lending of certain assets (commercial banks, payment processes and payment APIs work together to manage users), credits and fiat loans, banks, commodity exchanges and retailers for consumer goods and contracts, etc.). They use algorithms to make sure that every account and the whole process manages the solutions.

Every ecommerce business manages their products and ships them to their customers using the best shipping method (the best shipping method can include a variety of assets). , which is discussed below). Ecommerce businesses use purchasing processes to streamline customer purchases, pricing algorithms to determine how much they can pay customers, and logistics processes to deliver products to consumers as quickly and inexpensively as possible.

All media companies manage user data and content. They use the buy algorithm to generate content for users, the buy algorithm to generate advertising for users, and the payment algorithm to pay for advertising.

From finance to e-commerce to media, all of these events can be included in the picture, as every digital entrepreneur has worked to the same high level of service.

Together, this digital medium constitutes the 2020 version of Computer World.

The goal of World Computer is simple. It is a question of preparing the buyers and sellers of the property in the best possible way. These assets can be financial assets (banks like Wells Fargo), consumer electronics (e-commerce companies like Amazon), or digital consumers (media companies like Facebook). However, the current state of the world's computers is not good, mainly because they are not computers. It is indeed a bunch of broken down computers, one for each Internet user. Fragmented World Computers brings a lot of unnecessary stuff.

High competitive price:For every partition business, a digital broker typically needs multiple brokers to build trust, and each broker has to pay a fee. These intermediaries include transactions like Visa or Paypal and APIs like Stripe or Plaid.

the output value is high: Deleting an individual's assets from one partition to another can take a long time or even be impossible. For example, changing the assets of a brokerage account or changing the image of a business. In some cases, shards will have more valuable control over users than the users themselves.

These two elements make the third, the result stronger.no competition.This is because it is difficult for users to leave the platform (high cost) and new product development has to start from scratch (high cost sharing), so the benefits of isolation are now greater than that. 'balance. point. In the world of perfect computer competition.

A New and Improved Computing World

Ethereum technology is the computing world. Like today's IT world, Ethereum is a real estate marketer, and there are plenty of strategies out there to manage inventory as quickly as possible. The market for Ethereum products is still growing (very fast), but in the end it will include all physical and digital classrooms on the internet today, including new hardware that the explosion of existing systems is unthinkable. The only difference is that these tools are owned by Ethereum more than the average person, so the language is slightly different.

Users are represented by public keys rather than email addresses.Since public keys give users direct access to private property, they still provide a way to get away from the middle class developers of Ethereum. In other words, there are services available that give users the same experience as older computers by hiding the public key with email addresses.

Treasures become symbols.Typically, financial assets will be ERC20 tokens and e-commerce and the most valuable assets will be ERC721 tokens. Since Ethereum is not cracked, a token can be associated with any transaction at no additional cost.

Algorithms are becoming smart contracts.Since Ethereum is not broken, a smart contract can interact with another smart contract at no additional cost [4].

Since New World Computer's tokens and smart contracts can interact with each other for zero added value (the only cost is free market value paid to Ethereum validators), New World Computer's innovation synthesizes at incredible speed. .

Some developers around the world have created applications that take years to build in a single day on an old computer, while others have created an explosive world, even non-computer components years later [5]. Ethereum Best Practices is a simple combination of tokens and algorithms that went from zero to billions of asset-based asset management (AUM) in just a few months.

All that developers need is Internet access. Wells Fargo, Amazon or Facebook have not requested a new development license. The problem with Old World computers has been fixed. To exit, users only need a public key that is easily accessible from any digital wallet (there are thousands of digital wallets). Anyone can build and shut down Ethereum at no cost, making Ethereum the most competitive computer in the world.

Ethereum works well because it is very competitive.Thus, the benefits are enormous both for the buyers and sellers of the product, and for those who have decided to sell and resell on the Internet. The cost of upgrading Ethereum is only a fraction of the positive benefits for customers, sellers, and services, which means Ethereum is on the rise [6] [7]. It only takes time, but time always wins. Finally, who will be able to use the Shinsegae computer faster, cheaper and more secure in the international market. They may have the opportunity to acquire new products which have been used for many years to build on the old computer system of the world. Digital marketing companies are unable to realize the profits that make every business useless. All their monopoly or oligopoly methods fall at the same time. Everyone wins, only the average person on Old World Computer.

Step 2: Create a free trade environment where competitors can enter and compete with each other.

Ethereum has two network interfaces which created a conflict for the computing world. Mobility and design tools. Winners of past internet technologies boast, at best, about one of them.

Liquidity pib liquidity.

Any tool featured on Ethereum will make other assets more valuable.Financial management as an industry consists of simple, independent applications that have been integrated and redesigned to create additional data applications. These key areas include investments, business, payments, loans, and insurance. Each financial concept benefits from a partnership and each company is financially supported [8] (eg all companies pay, borrow, issue shares / tokens, buy insurance, etc.). The effects of these human interconnections and interactions are essential under the Ethereum umbrella, so unless competitive blockchains can attract better Ethereum developers, it is not easy for other blockchains to earn revenue. of Ethereum. It couldn't be possible as we had a second pool.

Developer Tools Get Developer Tools

Due to its open source and defined status, every line of code written for the blockchain belongs to the category of blockchain devices [9].As more and more numbers are written to Ethereum World Computer, new developers will use their existing code, especially smart contracts and test environments, to write new numbers to Ethereum World Computer, making it even more useful.An attempt to create a different blockchain from Ethereum would require rewriting and reassessing all smart contracts currently deployed from Ethereum. So far, this is amazing because Ethereum has been developing the tool for 7 years. Ethereum's development tools continue to appreciate in value faster than competing blockchains, and Ethereum already has the best developers with 10 times more developers than any other competitor.

The network affects liquidity and improves equipment overlap. The more you save on Ethereum, the more incentive you have to create it. This will help improve design tools and ultimately increase user preference of the Ethereum blockchain. Ultimately this generates more revenue from more users and the cycle continues.

Another (and perhaps the most important) function of the system has been performance development and the integration of development tools.security.Blockchain security is a threat that threatens miners / verifiers of public blockchains. As Ethereum became more secure and protected from state attacks, it was easier to sell cash to consumers and new products, the flywheel compound, to manufacturers.

The impact on the network of the development of fluids and equipment, as well as the improvement of security, make blockchain products unmatched by end users [10]. Ethereum is the only computing world.

ethereum

Ether, the local branch of the global computer industry, Ethereum, provides the Second Monopoly with significant improvements in the status quo of supply and demand as well as network benefits. The simplest way to measure the achievement of results is its supply and demand.

Current income or distribution (usually measured by the Gini coefficient) and future distribution (eg, inflation).

Funds represent individuals who are willing to spend money for a specific purpose, either through special expenses (such as payments) or through special investments (eg, long-term savings) .

In both of these regards, Ethereum has improved better than gold (now the world is becoming worthless) and will therefore become the world without value.

The first step: to create a better product than it is now.

There are three types of assets.Manufacturing equipment, tools and stored assets.

Manufacturing capital refers to the product, the contract and the product (i.e. equipment). These assets deserve your income or dividends.

Equipment can include cash, fuel, and gifts for consumers. Having this treasure can give you a product or a service.

Preserving valuables includes precious metals, real estate (housing is also a valuable asset), and art supplies. Owning these assets gives you the right to have certain disabilities regardless of government or business finances.

Ether is a first-class store of value asset and it also drives demand based on its value and availability.Ethereum's demand as a treasure relies on its ability to use Ethereum to access all exchange rates paid by the world's computers [11]. So, as the development of the flywheel, described in the “Ethereum Technology” section, and the revenue Ethereum generates for miners is greater than that of online businesses, the demand for Ethereum is also increasing further. This is unprecedented by the lack of raw materials and attracts traders who avoid gold due to the inability to produce [12] [13].

The application for Ethereum as a consumer product is also from World Computer Ethereum.An Ethereum transaction or the completion of another smart contract incurs free transaction fees and must be paid in Ether, even if the exchange does not interact with Ether.[14]. Therefore, as the demand for Ethereum technology increases, it will therefore have to meet consumer demand [15]. For this reason, people in the crypto world often look to Ethereum for digital fuel.

The demand for raw materials and consumables makes ether storage better than gold in terms of metrics (i.e., it has lower costs).By Q1 2022, ether inflation will be lower than gold(After completing the conversion to the Proof of Concept-Stake-Stake Consensus Algorithm, mining efficiency will be 99.5% higher than at present.)

Step 2: Expand Products A free market allows competitors to enter and compete, while maintaining monopolies.

Demand drives things. Digital fuels are becoming Digital Gold.

At all levels of cryptocurrency, the goal of inflation is to pay a high price to miners. The investment security of the blockchain is paid to the miners based on the exchange rate. So, as exchange rates remunerate Ethereum miners (since this is the IT world), Ethereum rate increases may decrease while maintaining an equal or greater level of security.

For example, if the annual income paid to a miner is 100 Ether, 60 by inflation and 40 by exchange rate (percentage from July 1, 2020 to June 30, 2021 [16]), the exchange rates can be doubled, the inflation can be reduced. by half, but the security still increased by 10%.

Since Ethereum is the only computer in the world, the exchange rate will be several times higher than any other computer in the world. As a result, Ether comes at a lower cost than competing digital offerings.[17].

The slowdown in further inflation makes demand from retailers less profitable in value terms for Ethereum [18], leading to more investment in Ethereum World Computer (via the Ethereum acquisition). Additional funds entering the system increase the exchange rate as these funds are stored and moved through Ethereum. Rising exchange rates reduce the financial and operational efficiency of the flywheel.

As mentioned in the "Ethereum Technology" section,The extra money that goes into the system increases the exchange rates, which not only lowers inflation, but also provides better equipment.Better design tools will improve the end product. Better consumers will increase the demand for global Ethereum computers, resulting in higher exchange rates. As mentioned above, rising exchange rates have increased deflation. Still to learn. Ethereum technology and the two Ethereum flywheels are interconnected and shared. [19]:

Or easier.

Cherry on the Sundae: Schelling Point

Like public blockchains, money is information. This may not be obvious, as information technology is often seen as making it easier for us to communicate, such as over the phone, the Internet, or the computing world of Ethereum. But the results make communication easier for us because it allows us to score on competitive capital. Some financial experts call the world the end of numbers, of money, of money.Schelling Point.

Schelling the concept is an interesting idea. What would you do without knowing what someone else was doing?The indicator of investment is the World Bank., that is, the de facto debt of the US government over the past 80 years. All over the world, people use money to measure wealth.

Schelling points experience network disruption because Schelling point only occurs when people have consensus on a decision.So, more and more people treating Aether as a bomb source, more than others who decide not to use the Aether itself for other purposes are treating it as a shell as well. This makes the above mentioned flywheel even stronger because everyone has a memory, regardless of intelligence or understanding of the basics.

Risk - Is there a risk?

Ethereum technology is currently risk free. It is far ahead of its competitors in all respects and its growth rate has outpaced all of its competitors due to network disruptions.A good example is that the Ethereum forks (Binance Smart Chain and Polygon) are getting more adoption (measured in controls and exchange rates) in a month than the competition, which does not directly copy the release of Ethereum technology. . The risk is only financial, especially on the equipment side, but we believe the risk will be reduced due to the content of most Ethereum holders.

The Gini coefficient as a currency of legitimacy

The biggest risk with any currency is legality.If the results do not affect their involvement, the legitimacy is questionable. As a result, almost all state agencies are now faced with never-before-seen skepticism. The results can be measured with the Gini coefficient. The organization believes that the recognition of inconsistencies is revolutionary. How big is the genius coefficient before the system strikes back?

The cryptocurrency revolution was the most volatile exchange in human history, but it also occurred at the end of the 80-year debt crisis, and wealth grew. reached its peak in 100 years. Ethereum's biggest risk is that its legitimacy will be called into question, as will the decline in trust in most governments and organizations, as it follows a similar financial distribution, just as modern wealth is different. The early buyers of Ether thought this could be avoided as they appear, on average, to be from a different level than today's elite, but it is still possible. Most complainants can compromise Ethereum technology, and the distribution of new tokens is restricted to them, not current Ethereum holders.

Sister tab,What sets Ether apart from other competing interests, even national interests, is its cost of reproducibility itself, a benefit of changing bureaucracy with the numbers.Ethereum holders can use Ethereum's internal control procedures to attack multiple games that convert Ethereum to currency. One can request an Ethereum Implementation Agreement (EIP) that will take 10% Ether from the top 10 holders (given the core Ethereum community) and drop to a minimum of 10%. . This is similar to the Gold Reserve Act of 1934, with issues of inconsistencies and similar production costs. The only difference is that the redistribution of the wealth in Ether can be achieved by direct independence from the level of the network. This is not because they often rely on representatives who cannot represent their constituents, but because they can often act as intermediaries to achieve the best results for their constituents themselves. elected officials. From 1934, there was a risk that the government would seize Ethereum directly, and not at the network level. These are all good questions. This means Ether has won and the whole world is trying to figure out what to do, and the price is several times higher than it is now.

Since people hate taxes, another option at the network level is directly to provide universal coins similar to Universal Basic Income (UBI) where everyone gets the same.If the majority of Ether holders vote in favor of the request, the Ether distribution will be changed at the same time. As with any other currency, inflation makes returns negative. CornArticlesCoins are only strong when legal, and not all coins are governed by a few legal persons.Thus, inflation can sometimes increase the validity of currencies. Look at America today.

As long as Ether is legal, it is unthinkable to turn Ether into a non-national benefit. In order to maintain the truth,The Ethereum community is only required to comply with one policy.This principle has been deeply rooted throughout the Ethereum community since its inception, in large part because of its central role in Ethereum: justice.As long as the Ether is righteous, therefore, the Ether cannot be defeated.[20].

concludes

The Ethereum-based blockchain and Ether as a currency can be independent of each other. The cost of simply switching to a new blockchain or savings account is huge. The value of both is almost incalculable. We don't know what we think he can't do.As the world realizes this failure, Ethereum's value may exceed its value in terms of Ethereum technology revenue.

Just as a storage cost profit network can quickly increase one asset, it can also cause other assets to drop sharply, which is a very small loss. I don't think this is a good sign for the US dollar or for any regulation (commodities, real estate, and contract regulation) as the sell price of the price will go down for Ethereum. Current market trends have created value equivalents, brought together high-value products at home, and leaned on countries that no one wanted. Yes (no one except those who can print US dollars). also). in dollars). Both aspects of developing interconnection with the global dollar elimination plan will bring about changes in the lives of most people never before seen in their lives. The internet will speed up putting everyone first. Publishing information has never been easier. Finding your next Schelling has never been easier.

behind

[1] The restrictions on free trade do not apply to companies that keep records (like Facebook) or companies that held patents at the time of the attack (like Pfizer). In the long run, monopolies end when users are bad or management's protection ends, so if management cannot withstand endless change, the benefits and risks return. region.

[2] We hope to regain a freedom that can last as long as possible. This is mainly due to the sense of corporate error (Ole Peters will one day win the Nobel Prize). Results and values ​​must converge.

[3] In order to last as long as possible, the monopoly method must be as stable as possible. Prevention is very simple. It is to prevent others from doing things like monopolies. The term most commonly used to define protection is ditch. You may hate that word because hipsters use it, but you use it for no reason. The moat describes the ability to make him particularly easy to defend.

[4] Ethereum was the first public blockchain to provide smart contracts (called Turing completion) that could complete any process, allowing Bitcoin or other public blockchains to compete with old world computers before.

[5] Here is the director of antiques and engineering of Stripe, a multi-billion dollar finance company, saying, “Stripe has a great team that has been working on the product for many years, and I have modeled it on one. day on Ethereum. Cryptocurrency is crazy foreign technology and it hasn't started yet "(source) when he first tweeted, his touch isn't .eth.

[6] You can also use the Uber or Amazon.com app as there are still frontends associated with this smart contract, but there will be many effects similar to those existing with our approved partner, yearn.finance. There are over 10 different versions of the frontend.

[7] As Ethereum has only a 7-year history, growth is still in its infancy, but will be rolled out this summer at 1,000-5,000 tx / sec (depending on difficulty). Visa performs an average of 1,700 transactions per second, with a maximum of 4,000 tx / sec. This means that Ethereum can match Visa's performance by providing users with additional financial resources that Visa cannot provide (such as trading, lending, and lending). All this in a fully decentralized architecture.

[8] The more money you borrow from Ethereum, the greater the risk of borrowing, the more loans you receive, the more loans, and the wheel continues. It is the same for commerce and exchange [6a].

[8a] The biggest problem with DeFi operations is that the project can create its own ditch so that the rules are not easily broken and the income is zero (ie protection).

[9] Once manufacturers find their appropriate policy, they have two options. Call existing code from your own code (this is called composability), or copy it yourself and turn it into code (this is called a fork). .

[10] As Ethereum continued to develop, Byzantine law stipulated that the use of data intensive files such as Filecoin or Helium that solve current arithmetic made Ethereum eventually become a problem for Ethereum. / Forkable smart contract.

[11] Due to all the principles of cryptoeconomics, as well as the penalty and reward mechanism for miners / verifiers, as long as the only account allowed by the Ethereum blockchain is Ether [11a], it must be the value of d 'Ethereum. It is supported by Ethereum technology revenue.

[11a] The public blockchain can only be protected by one tool. This is because blockchains need units of money to reward or punish miners / verifiers. Being the second owner of the property requires real-time adjustments. According to the measurement criteria of the Certificate of Participation consensus protocol, this is the introduction of all blockchains and chain oracles that calculate exchange rates while rewarding and punishing consumers. The chain oracle has eliminated trust between the public blockchain, reducing its performance as a public platform.

[12] Even those who do not buy the product have assets that directly benefit others need the product because they have to hold Ether to buy or earn the product, get exchange rates and / or increases futures on Ether. These investors will have to buy Ether as a member.

[13] According to tradition, gold mining is counterproductive and impractical. Not enough money for gold, only a dollar price on smartphones. Some investors are just ready to take the treasure. In the digital world, Ethereum products are the equivalent of fuel for the body, regardless of demand, allowing Ethereum holders to get more fuel by making the platform more secure [13a].

[13a] This is proof of how the stake approval algorithm works.

[14] Strictly speaking, users can hold other assets such as stationary coins and transfer them to Ethereum in real time using the Ethereum automated store. However, we believe consumers of consumer Ether, especially users as a manufacturing resource for businesses, will keep it behind the block due to its low cost and understanding of the benefits of Ethereum technology. .

[15] Although Ethereum progresses and all markets become cheaper, cheaper markets generate more market volume and demand depending on the variety of industries and algorithms running on the platform. This pays the seller more, even though the technology is cheaper for each user.

[16] From July 1, 2020 to June 30, 2021, the mark-up was increased by 6,000 Eth paid to miners, while the exchange rate was equal to 4,000 Eth paid to minors (Source: The Block). Exchange rates for the most recent month (March to June) of 2021 may be badly predicted. Indeed, the benefits market has benefited Flash and other exponentially growing layoffs, but not counting. The negative cost of miners will be the main source of income for future miners.

[17] Bets on ether increase as more is invested in making money by gambling. As more Ether bets lead directly to lower Ether rates, the security of the platform has also been enhanced. . . .

[18] The increase in the proof of stake is that Ethereum decreases directly as the amount of the bet increases. Ether is also an eternal covenant.

[19] Every initial request for aether is motivated by the use of ether technology - the aether must be charged and wanted to capture - it can be said that the aether was already there before the charges were paid. ether, but as an asset, and therefore financial Incentives like the beginning. chicken or eggs.

The results will not be the same. Fairness means that every reward is equal to the benefit to the human being. In conversations with many people, no one can be criticized for their fairness.