Today, a friend who works in traditional finance was discussing the practical application and value of digital currency with me. I gave him an example. Last week, a South American company completed a cross-border trade transaction of coffee. Millions of dollars were transferred instantly through Bitcoin. If the transaction is solved according to traditional finance, the buyer, for example, China, must first convert RMB into US dollars. If the other party does not accept RMB, it is useless. There is a risk of exchange rate difference. For US dollars, you still have to go through banks to do international cross-border transactions, and you have to charge a handling fee. There is also a time difference and efficiency issue. You can't say that you can transfer it immediately if you want to. The bank probably has a time limit, and the country still needs to approve all kinds of messes. The other side has to examine whether your money is legal before it can be remitted to your account. But if you trade through PIX, you will find that it doesn't need to be so complicated. There is no link in the middle. Just give a wallet address. It has nothing to do with other people. It's just the relationship between you and me. Moreover, it cannot be tampered with, it is safe and fast, so this thing has a real positive effect on the real society, greatly reducing the cost and efficiency of this kind of cross-border global trade, reducing transaction costs and improving efficiency. It has changed real life, so the big cake does not need any messy applications on the chain, its financial attribute application is enough, it actually represents a currency, you know,

So why do many people regard Bitcoin as a belief? They think they need such a thing, especially those rich people. I don’t have much money so I may not feel anything. For example, Jack Ma and American entrepreneurs, why do they hoard Bitcoin? They can appreciate the real decentralization and anarchy of this thing, which allows you to trade and exchange freely. Therefore, it will have a profound impact on mankind. For example, why does Musk always support Dogecoin but not Bitcoin? Because he can’t control it. From his own perspective, why does he create Dogecoin? He actually has ambitions to realize this kind of anarchic transaction through currency. Of course, this kind of value and consensus needs to be accumulated over a long period of time.

The Americans should have already controlled Bitcoin, and the right to speak is basically in the hands of the Americans. Sol is nothing more than a substitute for an application. Financial attributes do not require Sol, and there is already Bitcoin. Ethereum is risky because after all, the Russians control the technology of Ethereum. Although they cannot control the entire Ethereum, this technology, for example, we control chip technology in the hands of the United States, and rocket launch technology, which only a few countries have. Technology has barriers. Ethereum cannot gain the absolute trust of the Americans. If they want to realize Ethereum, which connects blockchain with real life to transform human life and produce this entry point for technological change, they need to find one. For example, you Russia have Ethereum as a cutting-edge technology in the field of blockchain, then what do Americans have? Is it Bitcoin? The way Bitcoin is designed is not suitable for large-scale applications. If you just mine the inscription, it will be blocked. The gas fee is so high. How can you use the Bitcoin chain? Bitcoin is a very primitive chain. It cannot support large-scale applications. That’s why Bitcoin 2 was created. It is to graft some chains onto Bitcoin. This is no different from the concept of Ethereum. It is not easy to use.

That’s why there is the original team of Sol. Their original intention was to create a technical public chain similar to Ethereum with unlimited scalable applications to realize offline applications and solve Ethereum’s problems, such as low processing power, high gas fees, and stability issues. So they developed another chain. The attributes of this chain are obviously labeled with the Americans. For example, if the Chinese government really makes blockchain, will you use Sol? Definitely not. You can’t use the Bitcoin chain. Otherwise, you can choose the Ethereum chain. At least you are still a partner with Russia. You can run some application technologies on it without being attacked and then you can’t use them. Just like the last time Microsoft failed, the whole world had a blue screen. That was very scary. Just like AI technology is mastered by others, do you dare to use it? Do you dare to give your life and property to him to control? You are like the leader of Checheng who is scolding Musk, I bought you a truck, and you locked me remotely. Do you say it was Musk who did it? It’s definitely not. Your technology is in the hands of Americans. Americans can intervene to do what they want to achieve, that is, things with political purposes. So the selling point and value of sol are also here. Sol technology is still good, but the network stability is not very good and it is relatively centralized, but its processing capacity has reached a speed of one million times per second, which is the data announced at this conference. It can process one million transactions per second, then your application can already serve in daily life. Bitcoin can only process 8 orders per second, and after the upgrade, it can only process more than ten orders. Ethereum can only process hundreds of orders. Its processing capacity cannot meet our daily applications. So the general background of sol is like this. From the perspective of politics and capital, if the Americans want to control the blockchain field, they will definitely realize their own power, rather than the whole world revolving around a Russian teenager, like Vitalik Buterin, who could be killed with one shot. How big is the risk for one person? This is called centralization. Although you call it decentralization, the most influential person is a young man, just like Lao Zhao. $PEPE $CKB $WIF #HMSTR开盘 #美国二季度核心PCE符合预期 #美国8月核心PCE创4月以来新高 #美联储11月降息预期升温 #你有多少HMSTR？