韩锋 · 38

Han Feng, an independent researcher at Harvard University, will be a guest at the Huobi Celebrity Lecture Hall: From H2A to A2A, explaining the new opportunities of the Agent economy and Crypto

Comparative news. According to official social media, the third “AI Agent Economy and New Opportunities for Crypto” at Huobi Celebrity Lecture Hall will be officially broadcast at 19:00 today. Han Feng, an independent researcher at Harvard University, a Communications Fellow of the American Academy of AI Sciences (NAAI), and a lifetime member of the Bitcoin Foundation, will be invited to share new trends in AI and Crypto integration in the context of the rise of the Agent economy under the theme of “From H2A to A2A”, and interpret intelligent collaboration networks, on-chain economic systems, and potential development opportunities for the future digital society.

66d ago

Han Feng: BTCD can play an important role in future listed companies in dealing with debt crises

(This article was rearranged based on Han Feng's speech at the DBS Bank Tower RWA Forum in Lujiazui, Shanghai) 1. Introduction: Starting from personal experience, focusing on the debt crisis and the value of BTCD, I'd like to talk to you about some practical topics today. Everything is based on my personal experience. Over the past many years, I have always been concerned about the relationship between Bitcoin and the debt crisis. From initially being questioned by the traditional financial community, to today's changes in global attitudes towards cryptocurrencies, to exploring BTCD solutions in actual combat, I hope to bring you new thoughts on dealing with the debt crisis of listed companies. 2. A shift in perception: From “questioning Bitcoin” to increasing global recognition (1) Clash of ideas in the early years: Traditional finance's exclusion of cryptocurrencies in the early days of cryptocurrency development, I was directly opposed by traditional financiers for recommending the allocation of Bitcoin. They insisted that “money can only be issued by the central bank” — this is the core creed in college finance textbooks, and it seems irrefutable. At a financial forum in Shanghai in 2016, a leader of the Financial Services Administration also strongly persuaded me: “The central bank must have exclusive rights to issue currency before implementing monetary policy.” At the time, these views sounded logical and rigorous, but subsequent global financial practices gradually overturned this “single perception.” (2) 180-degree shift in attitude: US and Harvard's approval 1. US policy shift: Now the US has clearly confirmed that Bitcoin can be used as a national reserve asset, and sees stablecoins as an important means to resolve the US debt crisis. This transformation proves that excluding the financial role of Bitcoin and cryptocurrencies will drastically reduce the country's monetary policy choice space, and even fall into a “stuck neck” passive situation in trade wars. 2. Harvard resonance: In 2024, in order to clearly explain the value of Bitcoin, I made a special trip to Harvard University to talk with Yale directors and Harvard alumni about “solving the global debt crisis.” After I proposed the core logic of Bitcoin, not only was it approved by them, but I also encouraged the NBW (New Bretton Woods) team to successfully obtain incubation approval from the Harvard Innovation Center under the advice of Professor Harvard Xue (for example, going to the Cuiyuan Hotel in Boston). 3. High level concern: Even President Trump has begun to focus on Bitcoin and stablecoins — essentially, traditional “central bank money” methods are no longer sufficient to resolve the current debt crisis, and cryptocurrencies provide a new path. 3. The nature of the global debt crisis: the 100-year cycle and the failure of traditional solutions (1) Radalio's core judgment: the once-in-a-century crisis Ridalio, founder of the Bridgewater Fund, concluded through massive data in “Debt Crisis” that the world is currently facing a global, deep, large-scale debt crisis once in a century. Unlike a “minor crisis” every 10 years (such as the 2008 financial crisis), the scale and depth of impact of this crisis far exceeds that of the past, and is an “overall crisis level cycle.” (2) Limitations of traditional solutions: “printing more money” cannot cure the root causes of debt crises. Traditional methods are essentially “injecting liquidity through printing money”, such as: · The world's mainstream “quantitative easing” policy; · China's 4 trillion bailout plan launched in 2008. However, these methods are largely ineffective for the “once-in-a-century crisis” — the last crisis of a similar level was the Great Depression of 1929, which ultimately required World War II to break the cycle, which is enough to explain the limitations of the traditional path. 4. The key to breaking the game: The core value of hard currency (gold, Bitcoin) (1) The essential advantages of hard currency: increasing liquidity without increasing debt, Ridalio clearly stated in “Debt Crisis” that to resolve a century-level debt crisis, it is necessary to rely on hard currency (such as gold and Bitcoin). The core reason is: · Hard currency can provide capital liquidity to the market and will not increase the debt of any party; · The opposite of the logic of traditional banking systems: capital injection and “borrowing” will inevitably lead to an increase in debt accumulation, which ultimately results in high and difficult debt accumulation. (2) Historical references: Implications of the Bretton Woods system The 1944 Bretton Woods system essentially “anchored hard currency gold to issue dollars” — according to today's blockchain logic, it is equivalent to “anchoring gold to issue stablecoins”. It relied on this model to resolve the global debt crisis at the time. This historical experience proves that the crisis cannot be solved by “the central bank's exclusive issuance of currency”; it is necessary to combine “hard currency” with market consensus to find a way to bail out the market. (Note: Bretton Woods is small...

315d agoWendy#BTCD #RWA #debt crisis #Han Feng

BeL2 Co-Creation: Bitcoin can be exchanged for ELA without cross-chain

Comparing the news, BeL2 co-founder Han Feng said, “BeL2 adheres to the fundamentalism of Bitcoin. Through its BTC Oracle, Bitcoin can be exchanged for ELAs on other chains without cross-chain. This innovative move not only marks Bitcoin's move towards dominating the smart contract era, but also marks BeL2's key progress in its development process and a landmark breakthrough in Bitcoin's fundamentalism.”

887d agoWendy#BeL2 #BTC Oracle #ELA #smart contract #Han Feng

Han Feng: BTC L2 will have the opportunity to unify the timestamps and smart contracts of various public chains

On September 12, at the “Web3 Asian Power” theme summit during TOKEN2049 in Singapore, Columbia University exchanged doctoral students & visiting scholars, Han Feng, a former blockchain consultant at the Huawei Central Research Institute, and co-founder of Yilaiyun, shared his forward-looking vision for the future of the blockchain industry, emphasizing the importance of unified cognitive systems and intelligent algorithms and the key role of blockchain in achieving this goal. Han Feng first emphasized the huge potential of blockchain technology in creating a unified cognitive system and intelligent algorithms. The huge success of ChatGPT in the field of AI shows that it is entirely possible to unify intelligent algorithms across disciplines. Professor Gu Xueyong and Han Feng started the course “Cognitive Foundations Beyond Disciplines” at Tsinghua University as early as 2015. He believes that blockchain can use the opportunity of developing BTC L2 to unify the algorithmic consensus and cognitive rules of various public chain smart contracts based on the BTC timestamp, and break the barriers of authorization and perception of assets and transactions in different public chains. This innovation, which unifies the recognition system for digital assets and transactions, will not only be a technological advance, but will also trigger revolutionary changes in the entire human economy and society. Han Feng pointed out that one of the key features of the blockchain revolution is its ability to provide a “time stamp” for digital asset transactions. The Bitcoin network has relied on such an innovative mechanism to guarantee that no counterfeit money has been generated for more than ten years. This is an innovation that no monetary system in human history has been able to complete. This is also the basic guarantee for Bitcoin's market value and the volume of gold exceeding by 2025. Because it guarantees the absolute accuracy of understanding the causal order of asset transactions. And this technological innovation and POW mechanism will play a key role in implementing a unified recognition system for public chains in the future. Also, through the mechanism of joint mining with Bitcoin designed by Wu Jihan at the beginning, Laiyun currently ranks second in terms of computing power in the POW system. Naturally, he is a strong supporter of the construction of the BeL2 test network. He also shared the technology stack that the Bel2 team is studying based on the results of the MIT Digital Currency Research Institute. The technology uses zero-knowledge proof technology to unify the “timestamps” of different public chains and smart contracts, which is expected to achieve seamless connections between the Bitcoin public chain and other smart contracts. This means that different blockchains will be able to share a unified “timestamp” of the Bitcoin network, and there will be an opportunity to establish a unified asset authorization and transaction system across the Bitcoin and Ethereum public chains. Han Feng believes that the true meaning of blockchain is that it provided humans with a unified “truth” algorithm for the first time. In the past, people had to rely on various authorities to determine what was true and correct, but blockchain established the authenticity and correctness of transactions and assets as an undisputed calculation standard and mechanism through network-wide computation, timestamps, and consensus mechanisms. This has far-reaching implications for eliminating the system of lies and the “point deer for horse” scam...

1072d agoBTC2025NB#BeL2 #L2 #TOKEN2049 #Yilaiyun #smart contract #Bitcoin #Han Feng

[Comparative opinion] FTX is not the Lehman moment in the coin industry

The effects of the FTX thunderstorm were significant. All FTX related entities have applied for bankruptcy protection, involving 134 subsidiaries including FTX US and Alameda Research Ltd. Other crypto giants Gemini, BlockFi, Genesis, and Digital Currency Group have also been affected and hit by a crisis. Not only did the coin community compare this to a “Lehman hour,” US Treasury Secretary Yellen also said at the “New York Times” Dealbook summit two days ago, “This is Lehman hour in the cryptocurrency sector.” But that's actually not the case. At the time of the 2008 Lehman crisis, I was reporting live on Wall Street. Within a week at that time, Wall Street's top five independent investment banks disappeared, and the blueprint for the US banking industry completely changed. There has been a cliff-style decline in US stocks, and many people think that the US financial system will completely collapse. However, this time, after Three Arrows Capital, the firestorm brought about by FTX has dragged down many coin industry institutions and a trend of crowding out, but it has not had a fatal impact on the crypto market, and Bitcoin is still strong. From early November, when Coindesk reported that Alameda Research's financial situation triggered a crisis, until now, Bitcoin has dropped from around $20,000 to around $17,000 now. In the coin industry known for its ups and downs, in the midst of such a crisis that shook the coin industry, the 15% decline was not small. Bitcoin's performance can be said to be extremely steady. “This actually further proves that a consensus has been reached on decentralization,” Han Feng, author of “Blockchain Wealth Theory,” told me. “Decentralization is far more robust than centralization.” Han Feng further explained that the traditional financial core is centralized, so once something happens to the center, it shakes the ground. Bitcoin, on the other hand, is a decentralized model and next-generation consensus, just like gold. An accident or theft in a gold vault will not affect the value and wealth consensus of gold. This system automatically formed by the market is robust and has a strong ability to survive in abnormal and dangerous situations. “Traditional finance doesn't look at Bitcoin and doesn't accept total decentralization,” Han Feng said. “They think everything should be built centrally, and decentralization is unreliable, so they think that once the wind blows, Bitcoin will die, and as a result, they are punched in the face time and time again.” Although FTX is an exchange in the cryptocurrency industry, it is actually still a centralized financial institution. The FTX storm once again proved that centralized institutions cannot be trusted, and that truly decentralized public chains, such as Bitcoin and Ethereum, and most public chains can stand the test. Decentralized exchanges will be the direction of development in the future. “I have always believed that decentralized finance is the future and is unbreakable.” Han Feng said. Author: BitPushNews Susan Feng For more information, welcome to join: Betweet Discord Community: https://discord.com/invite/QSvv7MZ2tz比推 TG Community: TG Community: https://t.me/BitPushCommunity比推 TG Subscriptions: https://t.me/bitpushTwitter：https://twitter.com/BitpushNewsCN本文来自比推，文章链接:https://www.bitpush.news/articles/3387106转载需注明出处...

1358d agoWendy#DeFi #FTX #Ethereum #consensus #blockchain #decentralizing #Bitcoin #Rayman moment #Han Feng

[Talks from Big Names] Web 3.0 and the Digital Economy

Recently, Han Feng, author of “Blockchain Wealth of Nations”, a visiting scholar at Columbia University, and a visiting researcher at Tsinghua University, visited Alibaba Research Institute to discuss topics such as blockchain, the digital economy, and the value of data information with Gao Hongbing, vice president of Alibaba Group and director of Alibaba Research Institute. During the conversation, two industry leaders pointed out that in the face of next-generation Internet changes characterized by Web 3.0, digital information authorization can drive the iterative development of the digital economy. This trend has already attracted great attention from both China and the US. 01 “What is a digital account? What does it have to do with the digital economy?” Han Feng: Author of “Blockchain Wealth of Nations”, visiting scholar at Columbia University, and visiting researcher at Tsinghua University. In 2016, Dean Gao Hongbing once said something that left a deep impression on me: “A bank credit building marked by reinforced concrete is being replaced by a blockchain credit that uses data as the soil.” Zhou Ziheng's book “Accounts — A New Economy and a New Financial Path” mentions that before the Internet, the economy revolved around corporate accounts, banks served enterprises, and there were not many personal businesses; today, the online economy revolves around personal accounts, and credit generation also revolves around personal accounts. According to the data, the transaction volume of online accounts in 2021 exceeded 100 trillion dollars. As a result, the economy and society underwent fundamental changes, moving from the small data world to the big data world. As Director Gao said, from the traditional economy to the online economy, the core is the shift in credit generation models. From atomized buildings and large enterprises to bit-enabled data and individuals, computational credit continues to emerge, highlighting the importance of data and digital accounts. Gao Hongbing: Vice President of Alibaba Group and Director of Alibaba Research Institute In 2000, Microsoft proposed an internal Internet ID card program (Passport), which refers to a digital account. As a digital account, Passport is a portal for users to join the digital world. This is a huge business plan. Users can register to log in to this lifetime account through any Microsoft software to access all Microsoft application scenarios. Zhou Ziheng's “account” idea on internet finance echoes Microsoft's technology and commercial digital accounts to some extent. Dr. Zhou tried to use Internet accounts in the digital economy to describe the future of the internetization of traditional bank accounts. He discovered that consumer internet finance driven by mobile payments is on the rise, and its core is precisely this Internet-based financial consumer digital account. Going back to the phrase “a bank credit building marked by reinforced concrete is being replaced by a blockchain credit facility that uses data as soil”, why should big banks choose the most expensive and best location for their offices is because banks want to let depositors see the strength of the bank and increase credit. Entering the digital economy era, the line between original TOB public accounts and TOC private accounts in banks is gradually blurring. Personal accounts have also begun to accumulate and credit wealth, and the concept of a personal balance sheet has emerged. An individual's balance sheet is digitally recorded and has the potential to anchor a person's long-term credit. This digital balance sheet did not exist in the past. In the IT era, it was also difficult to do because manual entry was too expensive; now, with the popularity of websites and apps, people use personal digital accounts to log in to networks and applications, and server systems will automatically record and deposit these digital footprints. Through some scoring models, this personal balance sheet will be formed. Today, digital accounts are the starting point of the metaverse. It's also an entry point for people to join the metaverse. Arguably, without this digital account, there would be no metaverse. 02 “What has blockchain technology brought to the digital economy?” Han Feng: Author of “Blockchain Wealth of Nations”, visiting scholar at Columbia University, and visiting researcher at Tsinghua University, the credit brought by blockchain technology is of great significance to the digital economy. As can be seen from Satoshi Nakamoto's paper published in 2013, the core of blockchain technology is the issue of asset authorization in the digital age. Why does content exist in digital form belong to you? Before blockchain, this couldn't be done. The internet is full of information, but until now it has always been a “borderless world.” With the advent of blockchain, asymmetric encryption and private key signatures were used to solve the problem of information ownership. Bitcoin is an example. The reason why some people question Bitcoin is precisely because they can't understand why the string representing Bitcoin is so valuable. Bitcoins must be signed with a private key to be exchanged and show ownership. Bitcoin fits the most basic definition of an asset precisely because it has solved the issue of affirmation of rights. With the development of the digital economy, digital information is authorized and becomes an asset,...

1480d agoWendy#Web 3 #blockchain #digital economy #Han Feng #Gao Hongbing

Forging the soul of WEB3 is the greatest opportunity in the future

Author: Han Feng Source: Han Feng Blockchain Studio, Wudaokou School of Finance, Tsinghua University This article is Han Feng's speech at the Shuzang Web3 conference. Han Feng: Hello everyone. Today I'm at Tsinghua Science Park. Since I can't go to Shenzhen, I was invited by the Gem Director of Shenzhen Innovation University to share and exchange a video with everyone. First of all, I would like to congratulate the Shuzang Web3 Conference on being successfully held under the auspices of Shenzhen Innovation University! A few days ago, I had a conversation with Mr. Gao Hongbing, vice president of Ali Group. Yesterday, I had an in-depth exchange with Director Gem, so I also used this opportunity to discuss with you how the cryptocurrency industry should develop in the future. In fact, we only discussed one topic, which is how to make Zhang's three industries develop sustainably. Of course, everyone knows that this industry experienced last year's bull market. Of course, now it's a bear market. Various events have occurred, especially those that have just entered the industry. I feel that the industry is particularly unstable. Today, this project came out, and it hasn't been around for a month or two. If any industry wants healthy long-term development, this is impossible; it must find a really good scientific development model. Of course, this industry has been around for a long time. I joined the industry in 2013. This industry has a great wealth effect, so let me not mention it. It is very appealing to everyone, including me. In 2017, I was also basically able to have freedom of wealth by relying on it. However, it is true that there has been no particularly good solution to the problem of sustainable and stable development for a long time. We are all exploring, including Vitalik, the so-called V God. He probably wrote an article with Microsoft Research experts in May called Finding the Soul in Web3, and is also discussing this issue. I read it at the time and combined it with my own CreDA practice, and I quite agree with him. What is his most basic opinion? He said that the reason why the industry seems so unstable, full of ups and downs is clear, because the industry currently only has digital assets that can be traded, such as all kinds of coins, including NFTs, so basically the main act of everyone entering is hype, triggering all kinds of excessive speculation and creating many bubbles, not to mention it. Of course, there is a huge wealth effect in the middle. We have all experienced situations hundreds or even thousands of times, but it is seriously unstable, because it can only be speculative and hyped up, excessive financialization, according to God V. Why is this happening? I think they did some basic analysis, which is in line with our past analysis and practice, including developing a decentralized credit system like CreDA. The conclusion is basically the same. In other words, in the Web3 world, decentralization is currently emphasized, but there is a lack of creditworthiness, or entities that lack responsibility. In real life, we know that without the concept of a legal representative, no one can actually sign a long-term cooperative commercial contract. If the two encounter a deal, they can only buy and sell, excessive hype, and excessive speculation. Exactly, in real life, there are credit subjects like this. If we have a legal representative and an ID card, we can have long-term economic cooperation. There are many longer-term economic credit practices, not to mention, including being able to issue credit cards, credit loans, and unsecured loans. Therefore, the traditional form of business in the economic world is much richer and more stable than today's cryptocurrencies. Vitalik and they came to the conclusion that we should forge the soul in Web3. In fact, one of the easiest explanations for soul is a decentralized ID. You have a DID status, but it's not a central agency that sent you, not a government that sent you, but rather a DID that conforms to W3C Microsoft's standards. Of course, Laiyun has already developed it. Elastos is the dress I'm wearing. At the same time, Yilaiyun's DID also has a major feature. Joint mining of more than half of Bitcoin's computing power was introduced to protect this DID. Because since it is a decentralized mechanism, it requires computing power protection, otherwise it can be easily hacked and tampered with by hackers. If your DID is hacked in the future, the consequences will be very serious; if a new WEB3 economy is established in the future. Of course, after having DID, you still have to bind all kinds of credit to DID. Most directly, you need to bind to all kinds of wallets you have in the past and use the assets and transactions in your wallet, including what is now called a social graph, to connect with other wallets. Because if you frequently trade with a few wallets, chances are that you are friends, this is a decentralized model that proves your social relationships. Using this on-chain data, you can first establish basic credit and bind it to your DID. This is the beginning of a WEB3 soul, and the whole process is decentralized. Of course, as CreDA has scanned 80 million wallet addresses,...

1503d agody zhang#WEB3 #Yilaiyun #Ethereum #Bitcoin #Han Feng

Han Feng, author of “Blockchain Wealth of Nations”: The crypto market will trend towards a “little bear” trend

Bitcoin has retreated again after rising for three consecutive days. Comparative terminal data shows that since hitting a low of less than $34,500 a week ago, Bitcoin has risen by more than 20%. This may be due to a sharp drop in local people's trust in fiat currency due to the Russian-Ukrainian war, and they are turning to crypto to seek safe haven. With the Federal Reserve's interest rate hikes, inflation, COVID-19, and geopolitical changes, the crypto market is facing more and more uncertainties, and ordinary investors are concerned about whether the market will go bullish or bear next. Han Feng, author of “Blockchain Wealth of Nations”, believes that it is no longer possible to push Bitcoin into a “big bull market” by market power alone. Comparative terminal data shows that the crypto market first reached the $2 trillion mark in August 2021, then soared to a record high in November, with a market capitalization of $3 trillion. At press time, the total cryptocurrency market value was about $1.9 trillion. Han Feng said in a comparative review: “The crypto market is much larger than before, and the plate is so big that it can be pushed up without making small noise in the market.” At the same time, governments are increasingly regulating Bitcoin, and the high volatility of the crypto market has always been a “nail in the eye” of regulators. Bitcoin has grown to the point where the government feels that its financial system is under threat, such as the withdrawal of all crypto mining from China. It has bottomed out three times, and the “Little Bear” trend has rebounded to 60,000 US dollars. Bitcoin is still likely to reach a record high of about $69,000 in November last year. Compared with the low of around $3,000 in 2018, it has already risen more than 20 times, but compared to the big bull market that rose 100 times in 2013 and 2017, this increase is dwarfed. Han Feng believes that last year's bull market did not “soar to the sky.” “When Bitcoin reached 69,000, I didn't have that crazy feeling. At the time, I felt that the bull market was far from here. Due to various factors, it wasn't completely released, just like the volcano was stuffy when it was time to erupt, but the energy was still there. “You don't know when it will break out,” he said. “This is both a bad thing and a good thing. The bad thing is that it hasn't become a real big bull market, it hasn't reached the highest point possible, and the good thing is that it hasn't used up all of the opportunities that lie ahead like before.” Another thing worth paying attention to is the bottom feature. Han Feng analyzed, “The characteristics of the previous bear market bottom were so obvious. It was lower time by time, almost by a thousand miles. However, the recent pullback has repeatedly bottomed out three times, namely at $29,000 and $30,000 last year, and bottomed out another $33,000 a few days ago. Almost every bottom is a little higher than the previous one”. “The general characteristic is that, despite so much suppression, its bottom gradually rises. So I don't think this year is like in the past. It has entered a bear market with a sharp drop, and its bull market energy has not completely been lost. My overall judgment is that Little Bear and Maverick are bouncing back and forth. A rebound to 60,000 is also possible, and a further decline of more than 30,000 will bottom out”. Bitcoin is a safe-haven asset like gold. Since the Federal Reserve turned hawkish in November 2021 and suggested multiple rate hikes in 2022, some traditional market observers have predicted that currencies in emerging market economies (such as India, Mexico, etc.) may depreciate, which may boost demand for Bitcoin in these markets. Interest rate hikes triggered a sharp reversal in capital inflows, leading to a decline in exchange rates. Even a slight depreciation of the currency could trigger panic purchases of gold and bitcoin, as evidenced by the recent rebound in crypto and gold caused by the Russian-Ukrainian conflict. Statistics from crypto data provider Kaiko show that since Russia invaded Ukraine, the volume of transactions on centralized Bitcoin exchanges in rubles and hryvnia has soared to the highest level in months. Han Feng also believes that the occurrence of black swan events such as wars is beneficial to the adoption of Bitcoin. He said, “As soon as society panics in the financial system, gold rises, and as soon as there is a war, gold also rises. Why? Gold is not controlled by any government; it is market-formed. It is a private wealth consensus. Bitcoin and gold are the same on this point; they are essentially consensus. In other words, no government believes it; in the end, they will have to switch to gold and Bitcoin.” Many industry insiders are cautious about Bitcoin's short- and medium-term trends. Galaxy Digital CEO Mike Novogratz believes that Bitcoin will bottom out at $33,000, but in the foreseeable future, it may trade between $30,000 and $50,000. Han Feng also cautioned that the current consolidation of fluctuations is likely to remain deadlocked for a long time. The future market of Ethereum can be expected Ethereum is the second-most popular cryptocurrency, with a current market capitalization of around $338.4 billion. It's more than just a digital asset, more...

1632d agoWendy#cryptocurrency #Bitcoin #BEARISH #Bull market #custodial #Federal Reserve #Han Feng

Interview with Han Feng: Quantum Mechanics and the Metaverse

Han Feng: I just joined the Tsinghua Institute of Advanced Studies as a visiting researcher. The Institute of Advanced Studies was founded by Mr. Yang Zhenning. It first came from the Center for Advanced Studies. My main research direction now is quantum entanglement and spatio-temporal topology, so I maintain a consistent style. The reason I joined the blockchain, including the current metaverse, is all based on my understanding of quantum mechanics. Han Feng: As a visiting research fellow, I joined the Institute for Advanced Study at Tsinghua University not long ago. The Institute for Advanced Study was studied by Chen-Ning Yang (Nobel Laureate). It used to be Tsinghua University Center for Advanced Study. My current research findings on quantum entanglement and spatio-temporal topology, so I stick to my own academic style. I've started to study the blockchain and metaverse, because both of them are based on quantum mechanics. To be honest, it's impossible for us to actually define it today; everyone can accept it. But I can only talk about my feelings, my own perceptions, including why the metaverse is so popular. Speaking of the definition of the metaverse, to be honest, it is impossible for us to nail down a definition that will be accepted by everyone. I can only talk about my personal feelings and cognition, as well as why the metaverse becomes so popular now. Since I joined the industry in 2013, I've been using my knowledge of quantum mechanics to explain Bitcoin, including blockchain, and have written several books, including my latest “Blockchain Wealth Theory.” But to be honest, it didn't work very well. It felt a bit far-fetched. Although I don't think it's far-fetched in my heart, I think it's natural, but the average person doesn't sound like blockchain and Bitcoin are linked to quantum mechanics. Many of them, including old friends in the coin industry, like Wu Gang and Cancer, all think it's far-fetched, and we've argued in the group. Since I studied to explore blockchain in 2013, I've been studying Bitcoin with my cognition of quantum mechanics. I've written several books on blockchain (In Chinese), including my latest book Blockchain and the Wealth of Nations. But to tell you the truth, the response is not very good. Somehow I think it's quite natural to study blockchain and bitcoin based on quantum mechanics, many people, including some of m...

1730d ago韩锋#metaverse #quantum mechanics #Han Feng

Author of “Blockchain Wealth of Nations”: The peak of the bull market is yet to come

Bitcoin dropped from $65,000 at its peak to around $30,000 now, and the crypto market is tending to be lukewarm. The CEO of Blackrock said a few days ago that there have been few inquiries from customers about cryptocurrencies. According to Google data, the “Bitcoin price” search for Bitcoin dropped from $65,000 at its peak to around $30,000 at present, and the crypto market is tending to be lukewarm. The CEO of Blackrock said a few days ago that there have been few inquiries from customers about cryptocurrencies. According to Google data, the “bitcoin price” search fell to a seven-month low. However, Han Feng, author of “Blockchain Wealth of Nations”, was convinced in an exclusive interview with “Comparative” that the peak of the bull market is yet to come. “The market hasn't turned bearish,” Han Feng said. “This is the middle stage of a bull market. After a period of sideways trading, the market will advance to the peak of the bull market.” Han Feng has been involved in the crypto market since 2013, and has experienced three major market transitions. While gaining personal wealth freedom, he also co-founded the Web3.0 project and came to Yunelastos. The new work “Blockchain Wealth Theory” argues that the essence of wealth is a global credit consensus, and Bitcoin is a new digital gold consensus. “This bull market in the crypto market has a real foundation,” Han Feng further analyzed. “The implementation of DEFI has brought real applications and improved the efficiency of the financial market. This is the biggest difference from the 2017 ICO bull market. At the same time, the general environment of fiat inflation in various countries has not changed, and the Federal Reserve will not raise interest rates in the short term. These factors are the driving force behind the real climax of the bull market”. The US consumer price index reached a new high in June, up 5.4% from the same period last year, the highest 12-month increase since August 2008. Federal Reserve Chairman Powell still believes that inflation is only temporary during yesterday and today's congressional hearings. He expects price pressure to ease somewhat later this year. Han Feng believes that this sideways phase is likely to be quite long. It may be three months, half a year, or even a year, but he will never wait until the next round of the bull market after four years to reach another high. This sideways and even sharp decline occurred in the middle of the 2013 and 2017 bull markets, but the upward trend of the bull market was not reversed. The immediate reason for this downturn in the crypto market is a crackdown at the Chinese policy level. In June of this year, financial regulators issued another tough statement prohibiting banks and payment companies from handling crypto-related businesses and alerting consumers to the dangers of virtual currency. Major mining sites in Inner Mongolia, Qinghai, and Sichuan have all recently been shut down by policy one after another. China's former absolute leading computing power in Bitcoin mining has faded away, and more Bitcoin mining plants have begun to switch to the US and other countries. The US states of Texas, Kentucky, etc. are attracting Bitcoin miners through policy guidance. Kentucky is offering tax breaks to Bitcoin mining businesses that invest $1 million to deploy new machines in the state. Meanwhile, Bitcoin holders have slowly been dominated by the US. In this bull market, US companies and institutions have hoarded large amounts of Bitcoin. Chinese Bitcoin holders are running out of chips. However, Han Feng believes that Bitcoin has survived tenaciously after several attacks at the government level before, and once the wealth consensus trend is formed, it will be difficult to break. Bitcoin remains an undisputed gold-like savings asset in the long run. Author: Susan Feng This article is from Bitpush.News. The source is required for reprinting...

1862d agoamyliu19#Bitcoin #Bull market #Han Feng