Look at the cryptocurrency bull and bear cycle from the perspective of minting rights and chip distribution methods.
Cryptocurrency has a history of 15 years now, and the big bull cycle that really entered the public's vision was 17 years, and the big bull cycle was 21 years. I want to discuss the changes in the bull market cycle today from the bottom-level transfer of minting rights and changes in chip distribution methods.
Let’s look at it from the beginning. The development of Bitcoin started with POW, which is a model for fairly distributing tokens. Later, Ethereum appeared and started the pre-mining mode. When Ethereum was released, it directly mined 60 million ethers. When the Ethereum Foundation came out to conduct ido, the 60 million Ethereum houses were sold for 18,000 Bitcoins. A few months later, the 18,000 Bitcoins were almost sold out by the Ethereum Foundation.
After this, a token distribution model was launched for each project where the project side directly minted the coins at one time and then sold them to retail investors through ICO (at this time, the project side minted coins at almost zero cost, and retail investors spent money to buy the coins. , unfair, not open enough, not transparent)
Since 2017, ICO has exploded all of a sudden, until the next bull market, DeFi in 2020
Let’s recall the reason why mining in DeFi is so popular. In fact, retail investors have obtained a certain right to mint coins. Retail investors use Bitcoin, Ethereum, USDT, etc. to participate in DeFi pledge mining, which is a sharing project. part of the coinage process.
It was not until the brc20 inscription ecology emerged in 2023 that when the inscription ordi was printed, all users could mint inscriptions fairly and openly under a public rule. For the first time, retail investors obtained the right to mint coins under almost the same conditions as the project side. , which allowed retail investors to escape the fate of being manipulated by bookmakers for the first time. That’s why the inscription ecology is so popular.
Because the inscription ecology is rich in rules of fairness, justice, and open minting rights, this native encryption spirit.
In my opinion, the cycle of the crypto market is closely related to the release of minting rights. A wave of Liu style is caused by part of the release of minting rights by defi. The current release of minting rights by this inscription is just a preview of the next wave of bull market.
And here,
The leader is $ordi,
Long Er $sats
meme is rats
The challenger is $atom (#atomical)
The future giant lurking underwater is $eths
The#LightningNetchannel status is not friendly to the release of minting rights, but it is in a religious orthodoxy, and the channel is exploring the construction of applications such as swap and lend.
And#bitvmis the chosen prince, and it is still in the technical practice stage.
on the other hand
Inscription ecology is the ultimate priority of fairness and community sharing of governance.
The POS currency controlled by the institution prioritizes efficiency, and the project party has strong control over the market.
Efficiency or fairness? Let's wait and see about this.
List all the Bitcoin ecology that you are optimistic about and discuss it.
