“The birth of Ethereum was not to make finance more, nor to make applications more efficient and convenient. Its birth is to enable people to gain freedom.”
This is the “Trustless Manifesto,” which warrants our re-deployment and a deeper understanding of its underlying significance.
The words “efficient” and “convenient” usually imply optimizing the “average case,” that is, making improvements on a foundation that is already quite good. Efficiency refers to enabling the world’s top engineers to dedicate their efforts to reduce latency from 473 milliseconds to 368 milliseconds, or to increase annual percentage yield (APY) from 4.5% to 5.3%. Convenience means allowing users to click once instead of three times, or reducing registration time from about 1 minute to 20 seconds.
Doing these things is certainly good. But we must recognize that in this field, we can never beat those Silicon Valley gathering companies. Therefore, the core game Ethereum participates in must be another kind of game. What is the resilience game? It’s about “resilience.”
The “psychosis” infection game is not concerned with whether the infection rate is 4.5% or 5.3%, but with how to minimize the probability of encountering a -100% return (total wipeout).
The “psychosis” bankruptcy game means: even if you are politically unpopular and get censored, even if your developers disappear or Cloudflare crashes, or even if there is an internet network war, your 2000-millisecond latency can still be maintained at 2000 milliseconds without interruption.
The “dementia” game means: anyone anywhere in the world can access the network and become an equal participant.
This sovereignty does not refer to lobbying to become part of the United Nations or shaking hands with people at the Davos Forum; instead, it refers to what people often call “digital sovereignty” or “food sovereignty”—reducing vulnerabilities caused by external dependencies that can be stretched at any time through proactive means. This “world computer” embodies the meaning of sovereignty and strives to give its users sovereignty as well.
This bottom line supports a kind of “mutual dependence among equals,” rather than becoming vassals to corporate overlords thousands of kilometers away.
This is the game Ethereum is destined to win. In this tumultuous world, Ethereum provides value that many people need.
The fundamental genes of Web2 consumer technology are not suitable for “usual.” The fundamental genes of “finance,” although they invest sufficient effort in the usual, are a very conventional routine, only good at resolving certain types of risks, and ineffective against others.
Blockchain space is abundant. But decentralized, permissionless, and intelligent blockchain space is not. Ethereum’s mission must be to create a decentralized, permissionless, and intelligent blockchain space, and then realize the abundance of such space.
This article link: https://www.hellobtc.com/kp/du/01/6189.html
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When the internet is no longer secure, how does Ethereum become your final "digital safe haven"?
Compilation: Plain Language Blockchain
“The birth of Ethereum was not to make finance more, nor to make applications more efficient and convenient. Its birth is to enable people to gain freedom.”
This is the “Trustless Manifesto,” which warrants our re-deployment and a deeper understanding of its underlying significance.
The words “efficient” and “convenient” usually imply optimizing the “average case,” that is, making improvements on a foundation that is already quite good. Efficiency refers to enabling the world’s top engineers to dedicate their efforts to reduce latency from 473 milliseconds to 368 milliseconds, or to increase annual percentage yield (APY) from 4.5% to 5.3%. Convenience means allowing users to click once instead of three times, or reducing registration time from about 1 minute to 20 seconds.
Doing these things is certainly good. But we must recognize that in this field, we can never beat those Silicon Valley gathering companies. Therefore, the core game Ethereum participates in must be another kind of game. What is the resilience game? It’s about “resilience.”
The “psychosis” infection game is not concerned with whether the infection rate is 4.5% or 5.3%, but with how to minimize the probability of encountering a -100% return (total wipeout).
The “psychosis” bankruptcy game means: even if you are politically unpopular and get censored, even if your developers disappear or Cloudflare crashes, or even if there is an internet network war, your 2000-millisecond latency can still be maintained at 2000 milliseconds without interruption.
The “dementia” game means: anyone anywhere in the world can access the network and become an equal participant.
This sovereignty does not refer to lobbying to become part of the United Nations or shaking hands with people at the Davos Forum; instead, it refers to what people often call “digital sovereignty” or “food sovereignty”—reducing vulnerabilities caused by external dependencies that can be stretched at any time through proactive means. This “world computer” embodies the meaning of sovereignty and strives to give its users sovereignty as well.
This bottom line supports a kind of “mutual dependence among equals,” rather than becoming vassals to corporate overlords thousands of kilometers away.
This is the game Ethereum is destined to win. In this tumultuous world, Ethereum provides value that many people need.
The fundamental genes of Web2 consumer technology are not suitable for “usual.” The fundamental genes of “finance,” although they invest sufficient effort in the usual, are a very conventional routine, only good at resolving certain types of risks, and ineffective against others.
Blockchain space is abundant. But decentralized, permissionless, and intelligent blockchain space is not. Ethereum’s mission must be to create a decentralized, permissionless, and intelligent blockchain space, and then realize the abundance of such space.
This article link: https://www.hellobtc.com/kp/du/01/6189.html
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