Blockchain summit investment
at present, all countries are living in the community of human destiny of "you have me and I have you". No country can walk out of the economic crisis alone and achieve sustainable development. Only in "innovation, vitality, linkage and inclusiveness" can we achieve common prosperity.
On 19, 2018, "global media blockchain summit" was held in the financial hall of the Hong Kong stock exchange. The summit gathered more than 100 global media and dozens of top experts in the instry. At the meeting, we witnessed the establishment of the global media blockchain Alliance (bimg) and the release of bimg Hong Kong initiative, and discussed in depth the development prospect and instry trend of blockchain
member of the journalism and communication discipline evaluation group of the Academic Degrees Committee of the State Council Professor Yu Guoming, executive director of School of Journalism and communication of Beijing Normal University, delivered a keynote speech entitled "the value of mainstream media in the tide of technology" at the "2018 global media blockchain summit"
Yu Guoming said: "for the whole social communication in China and other major countries and regions in the world, including the process of blockchain construction, development In terms of the communication ecology in the process of evolution, the value of traditional mainstream media should also be indispensable. Although its share has really declined worryingly, such responsibility and value bearing are still very important. "
Yu Guoming further pointed out that traditional mainstream media's professional adherence, social status conferring function and local advantages are its great advantages. At the same time, with the development of social development and Internet technology, blockchain is not only a technology, but also a way to reorganize the society to a greater extent. Yu Guoming said: "in the words of Marx a hundred years ago, it is a technological form on top of such a new Internet technology as" Free Alliance of free people. ". To a large extent, it is a new form of social evolution after the Internet technology activates the indivial. Such a new form needs the mainstream media to play an important role in it, because in the process of such a new social evolution as blockchain, it is embodied in the so-called emergent evolution in system science, that is to say, the micro force and micro value released by Internet technology is a qualitative change in the development process and direction, which is a kind of social development A qualitative turning point in the development of the field, instry and market. "in the presence of all guests, the global media blockchain Alliance (bimg) was officially established at the meeting. Ding Laibin, Secretary General of the alliance, pointed out in his speech that the blockchain is really using the mechanism to let people see some changes that may occur in the future, and these changes may subvert the current state and make the social efficiency leap forward. In this process, the media function can not be absent, should play a supervisory role, exert a strong media supervision role, let investors distinguish right from wrong
Ding Laibin said: "the media is the public knowledge and conscience of the society and the supervisor of the development of the instry. To play this role well, we should be close to the game and stand where we can hear the gunfire. Therefore, if there is still a little distance between traditional media and blockchain before, let's eliminate this distance at today's summit. The listing of any enterprise is not the end, but the starting point. It is the same for many blockchain projects. From the beginning to the development, it also needs a lot of disclosure and planning, so that the enterprise can be presented to all the public and investors without reservation. It should be open and transparent, from the beginning to the end. Only in this way can the instry grow more healthily and more rapidly. "in the bimg Hong Kong initiative released at the event, Ding Laibin called on the media to join hands and make joint efforts to create a fair, just, honest, dynamic, harmonious and orderly instry public opinion environment; At the same time, the media should be encouraged to be open and inclusive, advanced in communication, and ecological innovation in information dissemination in the blockchain field, so as to continuously provide high-grade, high-quality information and services
content source international online
1. Most people don't know what a blockchain is
compared with traditional stocks, real estate, bonds, gold, etc., blockchain assets are a very abstract and virtual form of assets. Blockchain assets represented by bitcoin are a very specialized computer language and program running mode, There is no credit endorsement from any country behind it, nor does any enterprise give it securitization income, which completely depends on the mutual consensus trust between strangers. In this case, although the operation logic of decentralization has been completed, its experiment is only in the initial stage and development stage, and participating in relevant investment is actually a kind of brave adventurer behavior
2. The price of blockchain assets fluctuates violently
because there is not much support from the use level of entities, many blockchain projects are completely dependent on community operation and market speculation, so it is difficult for investors to hold blockchain assets from the perspective of value investment, which leads to frequent capital flow, and the situation of price fluctuations has become a normal. A blockchain related token can soar by 500% in a day, or fall by 90% in a few hours. This kind of drastic price fluctuation is not affordable to ordinary investors
3. The uncertainty of national policies is too great
as an underlying technology, blockchain has basically accepted its value all over the world. However, as the "companion proct" of blockchain, there are still great disputes on national policies, and with the continuous increase of digital currency trading volume, the impact on the global financial market is also increasing. At present, the daily trading volume of the whole digital currency field exceeds US $60 billion, which is comparable to the trading volume of China's Shanghai and Shenzhen stock exchanges, or the average daily trading volume of the New York Stock Exchange. It is impossible to continue to operate outside the supervision. There is a very large regulatory game cycle, and the policies of various countries in this regard may be introced one after another, The impact on the market cannot be ignored
4. All kinds of blockchain projects are good and bad
blockchain technology is originally a very basic architecture technology. At present, e to the global pursuit of funds, many project parties who have nothing to do with blockchain begin to use the concept of blockchain to design procts, And can complete the writing of the white paper of blockchain in a very short time, and then raise market funds. In this case, the technical threshold of the whole blockchain has been lowered. Many companies without the strength and willingness of blockchain development have developed the concept of blockchain purely to obtain financial support, resulting in the flooding of projects. The gap between projects is widening, but ordinary investors are difficult to identify and easy to fall into the trap
5. Currency speculation is not equal to blockchain investment
at present, there are many views that blockchain and digital currency are a whole. You can't develop blockchain technology while suppressing digital currency. I agree with this logic, but currency speculation is not the same as blockchain investment in the real sense. The thing with real investment value must be the thing with scarce supply. If any digital currency is issued, it can represent the application value of the blockchain and bring some innovation to the society. Then any blockchain technology team that can issue digital currency can issue dozens of digital currencies and change its name in a very short time. Therefore, digital currency itself has little logical relationship with blockchain assets. Blockchain projects must be a market with obvious scarcity, but digital currency does not have great scarcity. This is like saying that any Internet company can develop a chat software similar to wechat, but the chat software itself does not have much value. The real value lies in how many people participate in the chat software. Digital money is just a chat software. The current situation is that everyone is frying the software, and few people are concerned about what is on the software. p>
6. Short term overheating, easy to be used by lawless elements
the particularity of the blockchain instry is that many of the ecology has become very financial, in the whole process of operation, capital will be very concentrated, and most of the links are related to capital. From raising funds by ICO to sending tokens to investors, to online trading of exchanges, and trading of tokens by users in exchanges, the whole process is almost full of financialization. If the practitioners are not professional enough, have no self-discipline ability, and lack of supervision, then every link may be used by criminals to manipulate the market, Obtain all kinds of illegal income
In order to catch up with the next round of financial technology and digital revolution, Japan holds a very open attitude towards bitcoin and other transactions. Digital currency transactions denominated in Japanese yen occupy half of the whole legal currency trading area in the world, Japan hopes to use digital currency to revive its financial competitiveness. The United States hopes to use mainstream financial markets, such as futures and options derivatives market, to tame bitcoin and make it another powerful tool for us dollar hegemony. And China is also trying to promote sovereign cryptocurrency, one of the important purposes is to promote the internationalization of RMB. The field of digital currency and blockchain assets is likely to become the next big country's game and contention point, which will virtually increase the systematic risk to investors. It's hard to know what unexpected policies appear behind this big country's game and what impact they will bring to the whole market8. The threat of quantum computer
blockchain generates a set of self-motivated system to ensure that it can run on its own under decentralized conditions. Most of them use asymmetric encryption, and use the corresponding public key to verify the transactions signed by the private key, so as to ensure that bitcoin and other blockchain assets can only be used by legitimate owners. But quantum computer can solve the problem of asymmetric encryption. Quantum computer can calculate the private key from the public key in a few minutes. After knowing all the private keys, people with quantum computer can spend bitcoin and other digital currency at will. Of course, when the quantum computer will come out is also a problem. The digital currency protocol is constantly adding new encryption standards, but the potential threat brought by the quantum computer has to attract the attention of investors
9. There is a possibility of a big reversal in the supply and demand level
the market value of the blockchain token market has hovered around us $trillion. Although OTC funds are still pouring in, the stability and growth rate of the capital inflow are questionable. The supply of encrypted digital currency is a very embarrassing thing. From the perspective of a single digital currency, the total amount is strictly limited. For example, there are only 21 million bitcoins, but the threshold of issuing encrypted digital currency is getting lower and lower. Anyone and any organization can issue encrypted digital currency anytime and anywhere, and the supply is almost unlimited. On the other hand, the increasing transaction cost is restraining the demand side. At present, investors in the transaction link need to pay the transaction fees in the exchange, and also pay the miners' fees when transferring money. If countries begin to tax digital currency transactions in the future, it means that this market will have to bear more operating costs without generating its own profitability, If coupled with the increasing supply level, the overall market supply and demand expectations may reverse in a moment
10. Lack of legal protection for blockchain assets
it is not uncommon that global digital currency exchanges have been "hacked", and in the process of all kinds of over-the-counter and on-the-spot transactions, fraud also occurs from time to time, and the legal protection for investors is very limited. Especially for domestic investors, once they are stolen or cheated because of trading digital currency, it is almost difficult to recover effectively. Due to the lack of intermediary guarantee from banks and other levels, the security of digital currency is entirely under their own responsibility. Although this is in line with the logic of self preservation of private property, it also brings greater uncertainty to the storage and transaction of digital currency assets. Before there is no complete legal system to protect the rights and interests of personal digital currency assets, the legal security of investment in blockchain related assets is a very serious problem