Source: Daoshuo Blockchain

"Will there be a sudden big turn one day in the future?"

This is a question left by a reader at the end of an article.

A few years ago, I also thought that we would suddenly make a U-turn in encryption in the next year?

But over the years, as my observations have become more careful and in-depth, I feel that this idea may have been too naive.

We have all heard the saying: "Science has no borders." I used to extend this sentence to the technical field, understanding that technology has no national boundaries.

But now I think technology has clear national boundaries.

As far as encryption technology is concerned, some of its inherent functions (such as permissionless, censorship-resistant, global free flow, etc.) are not inherently suitable for one category.

In this category, even if encryption technology can grow for a period of time, it is only because its innate functions have not yet reached the boundary. Once it reaches the boundary, its growth process will not be able to continue. It came to an abrupt end.

As long as some conditions remain unchanged, it is wishful thinking to expect that the development of encryption technology will undergo a major reversal at this time.

If we put aside emotions and simply look at the characteristics of encryption technology itself, I am afraid that there are really only some in this world that are most suitable for encryption technology and encryption assets.

Because since the founding of the country, there has always been a force that is highly wary of overly powerful centralized forces. It is precisely because of this power that two types of values ​​have been formed:

One type believes that only the great can lead the way forward;

The other type believes that the small can inspire the whole people. Creativity is the basis for creating a future.

The interplay of these two values ​​has jointly promoted a process of progress.

What encryption technology needs exactly is the objective environment created by the second type of values.

Although the second type of values ​​does not always dominate the process, it always has the opportunity to play a role for a period of time and create a relaxed and free environment during this period.

Once encryption technology encounters such an environment, its opportunity for rapid growth will come. And once it is in such an environment, it also has a strong financial foundation, a superior market environment and outstanding scientific and technological talents. It will be difficult for this city to become the global encryption capital.

In the recent series of information released by Trump, we can clearly see some of his substantive moves in encryption.

For example, there has been news that he may set up a department specifically responsible for encryption affairs.

In addition, both he and his deputies, as well as announced cabinet members (such as the Minister of Finance), have a very friendly attitude towards crypto assets.

I believe that Trump may not have specifically examined their knowledge of encryption technology when selecting these people.Instead, as the old saying goes, “birds of a feather flock together,” people with common values ​​will naturally come together. Because he has those values ​​himself, the people he chooses will naturally have similar values.

Therefore, I am increasingly convinced that his cabinet will still have something to look forward to in terms of encryption.

Although there is another incident that is not directly related to Trump, I think it is inextricably linked to his upcoming appointment:

November 22, Pennsylvania The state passed the Bitcoin Bill of Rights by a landslide and subsequently proposed the Strategic Bitcoin Reserve Act.

If this "Reserve Act" is passed, it means that Pennsylvania will use Bitcoin as part of the state's reserves. With Pennsylvania’s precedent, I believe it is possible for more Republican-controlled states to pass similar bills.

In fact, regardless of whether the federal government will accept Bitcoin as a reserve, as long as a considerable number of states in the United States accept Bitcoin as a reserve, this will be a great benefit to Bitcoin.

Recently, many media have said that the rise of Bitcoin during this period has overdrawn the benefits of Trump’s upcoming launch.

I don’t think so. I still think the climax will be next year, and Bitcoin’s climax will not end in a hurry this year.