Blockchain technology is a social revolution, a wave sweeping the world, redefining the collaborative relationship between all people and all organizations. In the past, the discussion of block chain is too focused on technical details or specific application scenarios, technology makes people seem to understand, the scene feels like a mess.

From a historical point of view, what is the significance of block chains?

The history of human beings is the history of decentralization, from monarchy to republic, from planned economy to market economy. Thomas Hobbs, the ancestor of political philosophy, wrote Levitan, which preaches the monarchy. The subjects are loyal to the monarch, and the monarch is responsible for maintaining order. But it soon became clear that the monarch was not needed. The monarch was actually an intermediary. The intermediary fee for supporting a profligate monarch was too high, and the Republican government could also maintain order, and the theory of social contracts was similar to intelligent contracts to prevent rulers from coming nonsense. Tocqueville’s on American Democracy is a good illustration of the fact that the United States is a block chain country, in the United States. The villages and towns that do not see government officials are community self-government. The block chain is to replace the center of the company. The company system is a backward production relation compared with the block chain protocol.

From a historical point of view, what is the significance of block chains?

If the monarchy is to maximize the interests of emperors, then the corporate system is to maximize the interests of shareholders at the cost of workers accepting lower wages and consumers paying higher prices. Equity is imperial power, once the founder is successful in starting a business is lifelong, family system (unless the sale of shares), has been constantly sucking money into the market. The blockchain agreement is more like the presidential system, and the founder can retire after it has been done. In analogy, Ben Cong and Washington belong to brushing their clothes, hiding their merits and fame, and returning their interests to the public, rather than taking them for themselves and passing them on from generation to generation. And now the founder of the company system is more like the founding emperor. In 2005, Jiangshan sat in Jiangshan, monopolizing the market, so much affecting the public business was monopolized by a family of giants. If the planned economy is a state monopoly, then the market economy has evolved into warlord scuffle and giant monopoly under the background of corporate system. And the block chain is to compete freely through the market economy, squeeze out the private ownership giant, realize the world is common to people. To achieve a fairer society through free competition, both sides are very satisfied, so blockchain is a more advanced relationship of production than the company system.

Business such as Uber, AirBnB, in essence, is an information broker that helps bring up passengers and drivers, tenants and landlords. The reality is to manage the information and data by a central company, and the company takes 20% of the service charge from the deal. However, the management and matching of information can be realized by block chain protocol. The block chain protocol does not have a shareholder, a non-profit guide, and a pressure that has no performance growth, thus achieving a low fee to benefit both the tenant and the landlord. The core reason is the removal of profitable-oriented companies. The source of the shareholder’s income of Uber is the rising cost of the intermediary. Block chain protocol hit the company The share-stock system also returned the profits that had been eaten by the shareholders to the passengers, drivers, landlords and tenants. At the same time, because the block chain data is open source, scholars and research institutions can obtain free of charge, make contributions to society, and do not need to add to the giant to make contributions to the shareholders. The data is the oil of the AI era. The monopoly of the data by the giants is the monopoly of the AI, which is the monopoly of the productivity.

The block chain seizes the business of the giants, and the user’s data is no longer the private property of the giants, but the whole society is shared, and the data should be of great value. What’s the impact of artificial intelligence and block chains? The value of the worker is to provide the labor, the value of the capitalist is the whole of the resources, the organization and coordination. If that artificial intelligence let the large-company capitalist greatly increase the productivity, replace the worker, expand the gap between the rich and the poor, the block chain can automate the process of resource integration, replace the capitalist, and narrow the gap between the rich and the poor. The artificial intelligence is to let the capitalists bypass the workers and directly connect to the consumers, so as to lower the cost and enlarge the profit. and block chain It is for workers to bypass capitalists and connect consumers directly, thereby eliminating exploitation and raising incomes. Of course, with the simultaneous development of artificial intelligence and block chain, capitalists and workers were eventually laid off.

From a historical point of view, what is the significance of block chains?

Many practitioners of passive investment tend to leverage heavy positions in the Nasdaq and S & P 500. The logic is that good companies will end up in the index, companies will fail, but the index will not. Then the investment index can enjoy the dividends of economic growth and scientific and technological development. The Nasdaq triple leverage rose 118 percent in 2017 and still has 21.9 percent earnings this year despite the stock market crash. The index is liquid and large, can avoid a stock risk, do not take time, so more and more investors are buying and holding the index, and even Buffett recommends S & P 500. But there’s one premise, That is, the company system is not challenged, the birth of block chain destroyed this premise. When the business of listed companies is subverted by blockchain and new products and services are presented in community form rather than through joint-stock companies, the stock market is drained.

Nakamoto Cong did not register a company, but sent out a white paper and contributed some code to allow people all over the world to join the Bitcoin world spontaneously. Some people are in charge of producing mining machines, some are in charge of mining, some are in charge of opening exchanges, and so on. Without taking a penny from Nakamoto, they built the ecosystem and infrastructure with their own equipment. And Nakamoto Cong has long disappeared, everything does not matter. By contrast, many entrepreneurs work hard for more than a decade to achieve something.

This is the block chain thinking.

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