After Bitcoin breaking through 10,000 USD
What was the basic logic for pushing up the values of Bitcoin?
Bitcoin has broken through the threshold of 10,000 USD, of which the market value has reached 170 billion USD, which is more than the quantity of money of one third of the countries over the world. Meanwhile, bearish voices are everywhere. Mr. Langjiaoshou said that Bitcoin was crossed market by several robots, and the Nobel Economics Prize winner said in an interview that bitcoin was bubble, therefore should be defined as illegal.
It is said that the financial market is the most efficient market, and prices in the financial market is the result of a variety of opinions and the crashes between capital. The values of Bitcoin have been rising, and the predictions of bearish people have been failed. How do these capital who bought in Bitcoin forecast the prospect of Bitcoin? After all, they bought in Bitcoin even though after Bitcoin has broken through the threshold of 10,000 USD. How exactly did they forecast?
Try to forecast Bitcoin to become a world currency, how big a value is that? The market value of Bitcoin will come near the GDP of the whole world. Just try to imagine that people all over the world use one currency, which is rather terrifying. Do we still need organizations such as a nation state? Will there be customs or frictions happened in foreign capital exchanges? Now in this era, currency stands as a symbol of the sovereignty of a country. All regimes will issue their own currency, and mintage is a sacred and inviolable right of a country. No country in the world allows issuing currency privately. What is strange is that, through technology, Bitcoin has opened the door of mintage, and there seems no way for a country to outlaw it. What is this technology exactly?
To be prudent, Bitcoin is an open source software, which is different from Windows softwares. Bitcoin’s source code can be used by the public. Using, modifying and distributing the software are not restrained by the license. The programmers of open source software are all over the world, thus giving more efficient development approaches to open source software such as Bitcoin, and more independent coworkers double-checking the codes and design quality, which results in fewer security flaws. Open source software can often form open source communities, forming a shared economy model. The more people enter this open source ecosphere, the higher the values of this software are. Bitcoin brought a leap for the open source software. Since then, open source software begins to be tokenlized, or valued. Thus the cohesion of the open source community has been increased. This is just a beginning, ushering in a brand-new global economic model which is under ongoing construction.
A shared value ecosphere driven by blockchain technology has arrived. Blockchain is not just a technological innovation. In this technology underlies decentralization, distrust, and disintermediation, thus many centralized commercial models can be overthrown. Today I am going to introduce a value and digital network co-built project: oneroot.io, which meets the characteristics of this age of digitalized assets.
Currently, there are many pseudo blockchain projects, which use the blockchain technology as its disguise to carry out businesses such as traditional centralized occupancy and monopoly. For example, there was a players cloud project in which there were internal conflicts. It was a paradox itself to put a decentralized blockchain in an occupancy and monopoly position, which is not good for the healthy development of the blockchain industry. In order to solve these problems, the co-builders of oneroot are preparing to design a set of economic model which can adapt better to the development of the blockchain industry.
The co-building project of oneroot follows two steps. The first step is using a general underlying protocol, which is also called technological keel, to provide general contracts and technical support. The second step is founding a Co-builder Fund, 100% of which is used to help the co-builders to grow rapidly, enabling the whole ecosphere to develop sustainably and soundly. Meanwhile, with services and contents being improved and deepened, more co-builders will be attracted to the ecosphere, thus making this ecosphere become a virtuous cycle.
Currently, based on the co-built standard technology agreement, four core products and applications have been developed. They are respectively general intelligent contracts, investment and financing platform solutions, decentralized exchanges solutions and integrated applications digital wallets clients end.
Applications and products can be deemed as a modest spur to induce more valuable contributions. The oneroot co-builders plan is to gather the strength of all people to improve the construction of the whole ecosphere, making the ecosphere more complete, thus offering more quality services. The oneroot team, as the initiators of this co-builders plan will not participate the operational investment and financing exchange platforms and exchanges. They will only, as the infrastructure builders of the digital assets industry, provide technical solutions to everyone, helping with reducing the development costs of the participating co-builders, thus facilitating their growth.
The blockchain industry will overthrow the traditional economic management model. This is why the prospect for the value of Bitcoin is always growing. The pioneer of the blockchain industry, oneroot, has come up with a co-builders plan, which will enable the construction of an equal and transparent blockchain ecosphere, going from co-building, co-sharing to co-winning, thus leading to a brand-new co-built management system.