What will the end game look like in ten to twenty years, after blockchain technology has evolved to the extreme and completely solved the problems of scalability, security, and ease of use?
What will happen to business models and values that fundamentally change? By thinking this through, the investment layout may be more relaxed and structured, without having to worry about FOMO.
For example, in 1995, you didn't necessarily know how to make immediate money doing business on the Internet, but you did know that sooner or later, if everyone in the world could search for all kinds of information at low cost, sooner or later, things that were previously too expensive to do with technology would be possible, and sooner or later, industries that had been protected by such high cost barriers would rapidly shrink.
After blockchain's scalability, ease of use solves.
Eight billion people in the world, trillions of machines, can instantly (with a lag of less than a second) exchange value over the blockchain network without intermediaries, without permission, automatically programmed, at extremely low cost, and trusted, with units of value exchanged as low as a penny, a cent, or even less.
This is one of the endgames that can be expected.
Such a network of value exchanges, when spread out, will spawn applications that were not possible before:
For example, an industrial application needs to take pictures of various parameters such as temperature, humidity, barometric pressure, etc. at multiple locations. If the price is right, someone will buy an instrument, install it locally, and transmit the data to multiple buyers around the world for a dollar a minute in real time.
This kind of application, when built, will give birth to more complex industrial and commercial applications for data integration that are now unimaginable.
For example, people used to work for a single employer. With the development of the blockchain, each person has thousands of paths to earn money on the chain, and they will choose the multiple paths that optimize their interests based on their individual strengths, serving different clients around the world in real time and getting paid in real time. The concept of a full time job will no longer be mainstream .
I'm sure many readers will be able to imagine their own applications based on their personal life and work experiences.
Pioneering in scalability and ease of use, the value of the blockchain, which can support millions and billions of transactions an hour, will become the cornerstone of a variety of unimaginable applications, attracting more users and developers. The richness of various applications, in turn, will make this blockchain more valuable, leading to a virtuous circle, the strongest is also strong.
The key to a blockchain is to have an order of magnitude higher number of transactions based on a certain guarantee of security and ease of use.
As the saying goes,：
quantity is quality, and more is different.
The ICO application was never thought of at the beginning of the development of ethereum, nor was it thought that the cat-jerking game would suddenly become popular in the community. This is a natural phenomenon that emerges when the community has reached a certain amount of ecological prosperity.
If the white paper of all kinds of air coins is blown up to the heavens, if you can't make more than 10 million transactions per day on and off the chain, if you can't make the transaction cost extremely low, and if you can't deal with all kinds of ddos, spam and other attacks with ease, it's hard to carry breakthrough applications.