This article is from WeChat public account:Economic Observer (eeo-com-cn), the title map comes from: Visual China
For those who wear blockchain technology vests, illegally absorbing public funds and infringing on public rights in the name of innovation, regulation should of course take responsibility. In this regard, we should learn from the experience and lessons learned in P2P regulation, strengthen supervision and coordination, speed up the shortcomings, and avoid regulatory gaps and blind spots.
A few days ago, the Office of the Inter-Ministerial Joint Conference on Disposal of Illegal Fundraising sent a letter publicly to prevent the illegal fund-raising risks in the name of the blockchain. It can be corroborated that the Xinhua News Agency reported that the swindling of the name of the blockchain has risen. Earlier, the central bank rumored on its official website that it did not issue legal digital currency and did not authorize any asset trading platform to trade.
This information synthesizes a distorted projection of the blockchain heat wave. Industry experts warn that it is not possible to catch up with technology for the blockchain. The blockchain is not the same as Bitcoin. At this point, the sight of ordinary investors is still following the price curve of bitcoin fluctuations.
The blockchain shows us two very different scenarios. On the one hand, many companies are actively trying to use innovative applications based on blockchain technology; on the other hand, the concept of “virtual currency”, “blockchain mall” and “blockchain game”, new bottled wine, is actually A variety of “cut amaranth”. Regardless of whether it is accepted or not, this is probably a scene that must be encountered when cutting-edge technology enters real life.
The fishermen and the industry elites have invested in this technological change with the same enthusiasm, and the mud is surrounded by the investment people with the dream of wealth. Understanding this is especially important today. For those who wear blockchain technology vests, illegally absorb public funds in the name of innovation and infringe on the public’s rights and interests, supervision should of course take responsibility. In this regard, we should learn from the experience and lessons learned in P2P regulation, strengthen supervision and coordination, speed up the shortcomings, and avoid regulatory gaps and blind spots.
The new technology is always accompanied by bubbles. This is almost inevitable. It can even be said that it is in the investment bubble that we have found a correct path to the future from thousands of roads. This is the cost of trial and error, and it is also the cost that is difficult to circumvent during the evolution of new technologies.
Regulatory has a clear understanding and judgment. We believe that in this competition, more attention needs to be paid to the hands of the executive and the financial funds. We are worried about the decision of local officials to shoot their heads, lack of sufficient scientific spirit and respect for the law, more out of quick success and great success. We have noticed that some places are planning blockchain parks, giving subsidies to the land, and there is no new version of the story. We have seen that more than 500 of the more than 3,000 A-share listed companies claim to be related to the blockchain, but there are only less than 40 companies that actually disclose the specific blockchain business content – how many companies have been Do you get financial subsidies for new technologies and new industries? Regulatory authorities cannot easily disclose such information.
Since the Bitcoin network was launched in 2009, the blockchain has not been widely applied except for cryptocurrency distribution and transactions. A working paper published by the central bank last year suggested that you should not exaggerate or superstitiously block the function of the blockchain. “So far, no technological innovation has had a subversive impact on the financial system, and the blockchain is no exception.” Di Gang, deputy director of the Central Bank’s Digital Money Institute, recently proposed that “to correctly understand the application of blockchain technology, not all data needs to be wound up.” When we use blockchain as the core technology When an important breakthrough in independent innovation is made, such calmness and rationality are commendable and worthy of serious consideration.
The market enthusiasm will always go through a process of de-sacrifice, return to rationality in trial and error, and give final judgment to all types of investors. Such a cost, the market is willing to pay. But for those personally driven by the political achievements and large financial funds, the decision-making department may have to be vigilant. There are many cases in the development of new technology – the active intervention and heavy betting of some local departments have boosted the rapid expansion of investment, but also accelerated the final burst of the bubble.
This article is from WeChat public account:Economic Observer (eeo-com-cn)