Talking about the original intention and mission of DEF development

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The founder of Bitcoin, Satoshi Nakamoto, argued in the Bitcointalk forum with a brother who said Bitcoin was a waste of electricity: "The value of the payment network formed by Bitcoin is much greater than the electricity bills consumed by mining, and no Bitcoin is a net waste." (Translation: "The value of the payment network formed by Bitcoin is much greater than the electricity bills consumed by mining. No Bitcoin is a net waste.) This article is organized and published by mkz888z.
 Analysis of this sentence, mining Bitcoin is a bit like mining gold. The marginal cost of mining gold is often close to the price of gold. Mining gold is a waste, but this waste is far lower than the value of using gold as a medium of exchange. The value of bitcoin exchange will be far greater. Far more than the cost of electricity, this also shows that the basic value of Bitcoin is derived from the most practical power consumption.
 First, the basic value of DeFi ecological tokens
 When analyzing the basic value of something, our common idea is to analyze the production The amount of labor it consumes; and in most currency systems such as DeFi ecological tokens, currency does not seem to have the actual consumption of Bitcoin, so what does its basic value come from?
 There is only one basic value of DeFi currency, which is its currency The use value of
 1. Business model
 related tokens have overturned the existing financial industry organizational structure and business model in the DeFi business, realizing "de-banking crowd and self-financing."
 2. Expanding consensus and
 improving mainstream digital currencies such as BTC and ETH Liquidity and expansion of value recognition will promote it to eventually become a stable "currency" and build a new business and financial system.
3. Improve asset utilization The
application of borrowing and lending improves the circulation of blockchain assets and increases the utilization of assets.
4. The market effect
drives the vigorous development of various financial applications of decentralized options, futures, and funds, bringing new breakthroughs to the practical application of blockchain.
2. Decentralized Exchange
Under this background, the greatest application decentralized exchange in the blockchain world was born.
The stock exchange is a blockchain-
based exchange that does not store user funds and personal data on the server, but serves as a blockchain infrastructure for matching digital asset transactions. It is a smart contract that matches asset exchanges.
 Because of the particularity of smart contracts, people prefer to trust the smart contract itself rather than the owner of the server. The emergence of DEFI broke the monopoly of traditional blockchain asset exchanges by leading exchanges. Any asset on DEFI can be exchanged freely, without a complicated audit mechanism, and completely eliminates the possibility of exchanges manipulating the market.
 3. DeFi mapping Reality
 DeFi does one thing by moving the exchange to the blockchain world. At this time, it is worthy of our imagination, what other businesses we have not implemented in the blockchain:
1. Blockchain mapping Realistic stocks
2. Completely decentralized insurance settlement
3. National sovereign currency
4. Multi-party distribution system without access
5. Completely TOR-based world Internet
 Generally speaking, a centralized exchange is temporarily impossible on DeFi Such a trading experience, in addition, DeFi also needs users to provide liquidity, there is a liquidity ceiling problem, it still has a long way to go. Whether there will be a new technology platform in the future to solve DeFi's various problems in liquidity, limit orders, and transaction speed, let us wait and see. This article is organized and published by mkz888z, please feel free to communicate!