Wasonking

contract

This operation is really good, the power of the dealer. #比特币市场波动观察

The POW mechanism is the core of web3, and almost all the core components required by web3 are in...

1. European and American regulators, led by the US SEC, will definitely suppress the POS chain. All POS will be identified as securities and must be regulated, otherwise it will be capitalism to the iron fist of the rule of law

2. The underlying logic of the POW proof-of-work algorithm is computing power, that is, chips. Now the United States has a large amount of chip production capacity that needs to be resolved to make up for the impact of blocking the Chinese market

3. The BTC DOGE of the POW public chain is recognized by Wall Street in the United States, so there is an urge to promote values ​​to the world

4. The promotion of the POW public chain will help develop employment and will drive multiple supply chains such as chips, equipment, logistics, and construction. It is the best choice for the United States, which is eager to solve the employment problem in the election year

5. The status of encrypted minerals in China and the United States has reversed. A large number of mines have landed in the United States, and promoting and supporting POW has become more politically correct.

Regarding Bitcoin's second layer, I have been watching it recently. Most of them are here to make money, and there are many big names involved. I am very optimistic about BTC's second layer, because BTC, as digital gold, has the greatest consensus and is the cornerstone of the industry. BTC has built the ecosystem in less than a year, which is what ETH did in nearly ten years. In the next six months, the BTC ecosystem will definitely explode. I think an excellent BTC second layer must adopt the POW mechanism and must be related to the first layer. It must be an extension of the first layer, rather than just a shell and call it a second layer. Recently, many people are optimistic about CKB, which I think is not bad, but from a technical point of view, I still very much recognize WVC. At present, some second layers are being released. The BTC ecosystem is about to usher in a big explosion, which will further promote the continued fermentation of the bull market, and at the same time push the development of web3 to a faster and healthier track.

It will be difficult for ETH to develop its ecosystem. Vitalik missed an opportunity, but his contribution to the industry is huge. Salute to him 🫡.

I attended the depin meeting today and learned a lot. There are too many project parties. I feel that the industry still has some misunderstandings about the depin track. Depin is the infrastructure of web3. It must be distributed enough and use hardware to support web3 network operations. I hope there will be more excellent technology companies and fewer project parties.

Some dry goods

My track

Pay attention to Depin and BTC L2