Look at the value of the block chain block chain

The first wave of internet professionals entering the blockchain space within the financial sector are not optimistic. They believe that the current blockchain is similar to the early days of the internet, with inflated value and a fabricated dream of perfection. A bubble is inevitable, and most projects will fail to deliver real results.

As everyone knows, there's a "squint chain" among blockchain practitioners. It refers to the confusion between actual technology and speculative hype.

Blockchain scientists often struggle to understand the behavior of wild cryptocurrency speculators, whose chaotic and high-attention market has overshadowed the true potential of blockchain technology.

Recently, many practitioners have pointed out that the bubble in the digital currency market has already spread to the so-called “technical” blockchains. Projects that touch money, trust, and rights have created opportunities for marginalized power to rise.

With blockchain technology, even companies that were previously blocked by traditional business models can see their stock prices soar. Many projects fail to land, yet they still manage to raise huge amounts of funds through hype and speculation.

Adding people’s heads, cutting leeks, and cashing in on investors have become standard practices. Compared to the “pigs can make money” mentality, it's just a white paper that no one truly understands.

Rationality is simply not seeing the price before the situation, and making money isn’t shameful. But how long can this simple and straightforward routine last?

Wang Pengfei believes the blockchain bubble will eventually burst. However, despite his experience in the mobile internet and app fields, he chose to fully commit to blockchain at the end of 2017.

He said, “The current situation is like the first wave of the internet bubble bursting. Many people know that a big shakeout is coming, but they don’t see the bigger wave behind it.”

“It’s just the beginning of the game now.”

Today’s blockchain is much like the internet in the late 20th century — unclear and full of uncertainty.

In 1994, the World Wide Web (WWW) emerged and brought the internet into the public eye. In the following years, innovators and followers flooded the scene. At that time, many startups had no real operations or assets, yet they doubled in value just by having a “.com” domain. The secondary market saw concept stocks surge, and the Nasdaq index climbed rapidly, creating an internet bubble.

By the end of 1999, the market value of Nasdaq reached $5.2 trillion. Then, after peaking on March 10, 2000, the bubble burst. Executives cashed out, funding dried up, and the market cooled down. More than 80% of projects disappeared, and only those with solid business models survived.

“After the bubble burst, the internet found its right path. In China, better internet companies were born around that time, including BAT,” said Wang Pengfei, who has spent 15 years in the internet industry. He recalls that when the bubble started, he was just 18 years old, using an internet cafe in Nanyang, a fifth-tier city, to chat with an Indian via ICQ and build his own personal website.

Five years later, in 2003, he entered the market with bare hands. The internet was on the right track, and the mobile internet was starting to take shape. Based on his understanding of the internet, Wang Pengfei made a judgment: mobile terminals would be the trend, and future phones must be smart phones.

Based on this insight, he developed a mobile web-based social and gaming product, similar to the Happy Network, called Tianxia.

Wang Pengfei was the first person in China to focus on mobile internet. During the boom, he quickly accumulated over 20 million users, raised more than $10 million in two rounds of financing, and ranked among the top five mobile internet websites of the year.

In 2009, he sold the site to a Japanese listed company for tens of millions of dollars.

At the time, the largest competitor was the 3G portal, which was already listed in the US, and UC had a large user base. Many people felt sorry for Wang Pengfei, saying that if he had continued, he could have become a king.

Wang Pengfei concluded: For a young man from a fifth-tier city who started his first business, he felt that this ending was a staged victory in his entrepreneurial journey. Back then, young people couldn’t see the bigger wave that the mobile internet would bring.

After that, Wang Pengfei’s predictions about megatrends remained accurate. He was optimistic about apps and launched the first Chinese version of QR code reading software.

Originally planning to start with tools, then services, and finally a business model, he found his path interrupted when WeChat rose to prominence. WeChat became a key entrance, and the first-mover advantage was quickly eroded.

To survive the attack of WeChat, Wang Pengfei decided not to focus solely on tools and entrances, but to move toward backend services. After trying marketing solutions and adding RFID chips, he found a way forward: combining QR codes with anti-counterfeiting traceability and system integration, which helped him successfully enter the New Third Board.

Innovative technologies like the internet create bubbles, but they eventually find their right path after the bubble bursts. Giants like Google, Facebook, and BAT were born from this process. “If I had stuck to it and focused on the APP in 2009, maybe we could have been part of the first wave,” Wang Pengfei reflected. Despite missing the first wave, he remains calm, with some regrets but also a sense of peace.

Medium Voltage Power Cables

Medium Voltage Power Cables includes Single Core Medium Voltage Cable, Three Cores Medium Voltage Cable. They are used for power networks, industrial plants.

Generally, Medium Voltage Cables are Copper Wire conductor, Semi-conductor Shield, XLPE insulation, Semi-conductor Shield, Steel Wire Armored or Steel Tape Armored, with PVC sheath or LSOH Sheath.

We supply lots of those Cable as per IEC 60502 and other requirements. BDK is top supplier for China Southern Power Grid.

Medium Voltage Power Cables,Medium Voltage Cable,Cable Medium Voltage,Mv Cable

Shenzhen Bendakang Cables Holding Co., Ltd , https://www.bdkcables.com