This article was first published on Nebulasio - Medium
On 6 Feb 2019, second day of Chinese Lunar New Year, Aero Wang, the co-founder of Nebulas and Antshares (now known as NEO) shared his thoughts on the blockchain industry in a WeChat Public Chain Technology Alliance (PCTA) chat group, and introduced Nebulas NOVA launched at the end of 2018. He also addressed the next key steps that Nebulas is taking in order to evolve. Here are the highlights from the live recording.
Aero Wang: “Blockchain won’t spoil.”
The blockchain bubble in 2018 was a violation of common sense. Things that violate common sense will eventually return to common sense. The crypto price bubble would sure burst, but it is a relief after the burst.
2018 was a very unsettling year for blockchain, and this kind of unrest has happened in the industry before, but the intensity and concern is much greater this time.
The bubble that began in the first half of 2017 has brought a lot of confusion and anxiety to people who are deeply involved in the industry. A lot of our anxiety or setbacks are due to the fact that the entire industry, whether it is the project startup or the user, wants to retain a beautiful bubble. But the bubble is a violation of common sense, a false boom in a price-based industry.
Therefore, things that violate common sense will eventually return to common sense. The crypto price bubble will sure burst, but it is a relief after the burst.
So the tide recedes, and of course it will come back again. But in a industry with common sense we can look for patterns, then further develop ourselves.
Some project startups, speculators, and relatively centralized nodes and organizations in 2018 have left the market after pump and dump. However, the current blockchain industry’s overall market value ...
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Nebulasio - Medium