March 28, 2024

The mistake of Durov, Zuckerberg, Satoshi Nakamoto and everyone else.

A long time ago I did not write about the crypt, but there was a reason.

Article in Forbes ru about Pavel Durov and histhe dead-already-unborn brainchild of TON.

"Durov threw them shouting" Save, who can ": the story of the collapse of the Telegram Open Network (TON) through the eyes of an investor

It’s more convenient to read here

smart-lab.ru/blog/621424.php

But it is possible in the original

www.forbes.ru/tehnologii/400483-durov-brosil-ih-s-krikom-spasaysya-kto-mozhet-istoriya-kraha-ton-glazami-investora

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I will not torment and immediately write - what is the mistake.

The mistake is in haste.

For which I had to pay.

Hasty action led to high expectations.

And the terminology that was inappropriate to reality led to a misleading crowd, and, moreover, provoked the authorities to a suspicious and hostile attitude towards the product.

And this product, you guessed it, is Crypt.

On October 31, 2008, Satoshi Nakamoto published an article, “Bitcoin: A Peer-to-Peer Electronic Cash System”.

Those. Satoshi himself originally called his product - Electronic Cash.

TermCryptocurrencygained a foothold after the publication of an article about the Bitcoin system “Crypto currency”, published in 2011 in Forbes magazine.

The terms Cash and Currency mean that the world received new Money with new properties.

Those. all of a sudden rejoiced and joyfully ran ahead of the engine.

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But, tell me, does the Squirrel, jumping on branches and gnawing nuts - does she know that her Skin will become a prototype of modern paper Money?

No, she just jumps and nibbles.

And the Hunter is hunting for her.

Which Skin is needed only to sew clothes or a hat from it, or to exchange it for some other goods that he needs, for example, for arrows for a bow.

But, there comes a time when it occurs to someone that Squirrel Skin is a Special Product.

Which can become a universal measure of the exchange of some goods for others.

For the skin is very convenient for this, because it has a) value, b) demand, c) durability, d) a constant size, almost the same as the size of other skins.

Those. one unit of this product contains almost the same and constant value, which decays little with time.

And, finally, e) the vast majority of the participants in the exchange of goods agreed with the above, included the Skins in their goods exchange as a Universal Measure of Value, and the Squirrel Skin became Money.

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And what did Satoshi Nakamoto do, and after him did everyone else?

He immediately began to call his Unknown Bullshit - Money.

But at that time she was not Money, and still has not become Money.

In fairness, Satoshi Nakamoto had to name his product simply and clearly - SPVC (Virtual Value Moving System), exactly as I call this product.

And the accounting unit, which is the carrier of the Virtual Value and that contacts the SPTC Bitcoin, should be called a Token (Token).

Those. Bitcoin is not a Coin and not a Currency or a Cash - but a Token or Token.

And the one who uses the words Coin, Currency and Cache together with the word Bitcoin is either an erring or a manipulator.

And, judging by how persistently, from the very birth of Bitcoin, we are imposed with terms that very closely connect Bitcoin with Money - this is all the same a manipulation, not a delusion.

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Can a Token (Token) become Money?

Maybe, provided that the participants in the exchange agree to exchange it for the goods.

At the word Token - I immediately recall the tokens forMetro fares, which appeared in the early 90's, replacing 5-kopek coins, which made it impossible to pay for fares that went up due to inflation.

In Moscow time, these tokens were plastic, and in St. Petersburg - metal.

These tokens replaced Money, each within its own limited System.

A plastic token could be exchanged for the Service (trip) only inside its System - Moscow Metro, and a metal token - only inside the St. Petersburg Metro.

But, if Petya would have offered Vasya in the 90smake a deal (for example, Vasya has an old magazine with an article that interests Petya, and Petya wants to buy it), and as a payment, Petya would offer Vasya 5 tokens on the subway (due to an excess of these and a shortage of cash connections), and Vasya would agree for such a payment method, then in the Vasya-Petya system, tokens on the subway would also become Money.

Those. the Metro money system would expand to the Vasya-Petya-Metropolitan system.

In the same way, Crypto-Tokens circulate inside their SPEC, which, with the help of Crypto-Tokens, provides its users with the service of moving the Virtual Value.

That is, users trust this SPEC and believe that their Crypto Tokens (or received from the counterparty) will retain their Value in the estimated time period.

But while Crypto-Tokens are circulating inside the SPEC, they are not Money.

They are simply carriers of Value.

Crypto Tokens will become Money when, for example, modern Vasya exchanges a cottage from a modern Petya for one Bitcoin.

And then, Bitcoin will not become Money at all, but only in the Petya-Vasya system.

And as long as both believe in the value of Bitcoin.

It is almost as if the Merchant would bring the Squirrel Skins to the Papuans.

Change Skins to Bananas.

And the Papuans told him: “What is this? We don’t need it! Come on! Give us Shells! ”

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Why does the deal between Vasya and Petit using metro tokens seem more realistic than using Bitcoins?

Because the metro acts as a guarantor of maintaining the value of metro tokens.

And Vasya and Petya are sure that the metro will always provide them with a service for these tokens.

And nobody and nothing can guarantee the value of Bitcoin.

Those. The value of Bitcoin (and any Crypto Token) depends on how strong the Faith in their Value is among users of the corresponding SPEC.

The value of Crypto Token is practically the value of the Collectible Goods.

A Collectible Product has Value only when it is wrapped inside the System.

For example, the Vinyl Disc, which in the 80s stood on Gorbushka Street 50r, when leaving the DC began to lose its Value.

And the farther from the recreation center, the stronger.

I know what I'm talking about, I've been speculating with Vinyl since 1980, and with a salary of 130r I bought Collectible Vinyl Discs for 40-60r, and ordinary Disks were in the store 2-3r.

Inside the recreation center, collectors could diverge in estimating the cost of a disk in the plus minus 5p range, i.e. for a disk with an approximate cost of 50 rubles, it was possible to gain 45 rubles, and with a successful combination of circumstances - 55 rubles.

But outside of DK, the number 50 would have surprised an outsider at best.

For the Collectible Goods is just Trash in the eyes of the Uninitiated.

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Here I have already listed everything that I could - both Skins, and Tokens on the Metro, and Gorbushka with Vinyl Disks.

And Satoshi with the Nakamots.

It’s time to write about Durov with his TON.

Everything is simple there, and everything follows from the mistake that they have not been willing to admit for 12 years.

Durov collected loot from romantic enthusiasts who believed in an idea based on the false belief that Crypt is New Money.

SEC and other authorities also believed that Crypt is New Money.

And, defending state interests, they gave Durov a-ta-ta on his cunning butt.

And Durov had a reason to piss.

But, if they had not called Money what money is not yet, then the evolution of Crypta would have gone a different way.

The petrified Shit of Mammoth, whose place is only in the Museum of Local Lore, the slow and morally obsolete SPEC called Bitcoin, would long ago have given way to a faster and more efficient SPEC.

And the most annoying thing is that faster SPECs alreadylong exist, for example, BitShares - on whose blockchain decentralized exchanges are built, working in real time and having additional. buns in the form of shoulders and the ability to create your own tokens in 5 minutes.

But because of the predominance of Romantic Collectors in Cryptomir, who for some reason have preferred ODM Bitcoin (Petrified Mammoth Shit), the BitShares SPVC vegetates.

And Crypto is used not for its intended purpose - that is, for Moving Value, but for Collectors' favorite fun - for Speculation.

And crooks also took Crypt into service - and create new SPVC only for throwing suckers.

Those. only one incorrectly used word - for 12 years predetermined the path of development of Cryptomir.

If the developers tried to create new SPECs, and not New Money, then the progress in the Crypt would go much faster, and it would not be inhibited by the close attention of such bodies as SEC and so on.

The developers would compete with each other in the creation of more advanced SPVCs that transmit something inside themselves, some kind of Unknown Bullshit.

And the SEC wouldn’t care how she caresto the point that powerful desktop computers of users generate pixels, which are then glued into the Uploaded Tanks, which are then traded on Internet flea markets.

And SPVC would move this Unknown Bullshit, and the Most Convenient Unknown Bullshit would gradually become liked by an increasing number of users.

And around this Unknown Bullshit Exchangers and Escrow would grow.

And with this Unknown Bullshit Value would gradually grow.

And the Unknown Bullshit would gradually become New Money.

With Real Value, which would be directly dependent on the number of transactions.

And from the number of users, some of which would teasure New Money, thereby further increasing the Real Value of New Money.

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But what happened is what happened.

They wanted the best - but it turned out, as always.

They ran ahead of the engine - and fell under it.

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