Weisha Zhu November 15, 2024

Recently, I saw Fukuyama's article questioning Musk's efficiency reform. Fukuyama said it was based on the rules of the industrial age, that is, the political and economic system. He does not understand Internet economics, so it is customary to draw this conclusion. In fact, there is no Internet economics at all because economists' research cannot keep up with the speed of the Internet's development. How can a tortoise teach a rabbit to run?

The Internet went from early decentralization (Web1) to centralization (Web2). It returned to the old path of the industrial age without touching on the transformation of production relations. In 2009, Satoshi Nakamoto fired a cannon and started the Internet revolution. Does the Bitcoin system need to be regulated? No, what is the reason? In one sentence: transparency! The result of openness is the product of market supervision.

Along with ingenious designs, the government's regulatory costs tend to be zero. Suppose the projects are similar to the Bitcoin system with zero regulatory costs. In that case, the operating costs of the entire government will be significantly reduced, and Musk's idea of ​​improving efficiency will be established. Musk is a genius fighting on the front line of the market. He understands the essence of cryptocurrency: transparency and autonomy.

As famous as Fukuyama, Mr. Zhang Weiying, China's best economist, doubts Musk's reform. I don't doubt their character. The industrial age system was formulated for the era of information access and opacity and is unsuitable for the characteristics of the Internet. The Internet is peer-to-peer, frictionless, and transparent, making it easy for users to participate in decision-making. When the foundation changes, the old system should be revised. Polymarket accurately predicted the results in this US election, making all polls pale in comparison. Times have really changed.

Is it ridiculous to use the securities laws and Howey tests from the 1930s to judge the securities attributes of cryptocurrency projects? The result is that application-oriented projects are subject to strict supervision. At the same time, MeMe coins, similar to gambling coins, are popular. Those who should be regulated are not regulated, and those who should not are based on old rules, and ordinary people have no way to complain. Musk's Efficiency Committee will launch a list of stupid decisions to expose the government's stupid decisions to the world, which is excellent. In this election, transparency exposes the problems immediately, making falsifying them difficult. It is a dimensionality reduction attack. Musk uses the wisdom of entrepreneurs to solve problems instead of relying on traditional theories. Trump's understanding of cryptocurrency is minimal, but he is also an entrepreneur with a deep understanding of the system's shortcomings. He is very sensitive to the market, willing to try new things, and boldly uses a group of young people. These people are people of the Internet age and have a natural understanding of the Internet. The "Silicon Valley" bosses who understand technology and Wall Street are arm wrestling. Trump, who spent more than 300 million, defeated Kamala, who spent 1 billion, and the new era defeated the old era.

This time, we found that the two parties had re-aligned. Robert and Gabbard both split from the Democratic Party. Although they are not entirely consistent with Trump, they are consistent in looking at the flaws of the old system. Keeping the United States ahead is what American patriots have to do. Every time Trump holds a rally, it is USA, USA! It resounds throughout the venue. And the Democratic Party shouts, Kamala, Kamala! It reminds me of Hitler, Hitler! One leaf looks at autumn; who is advanced and backward?

Trump, Musk, and Robert are all rich people. They come together not for themselves but for the interests of the United States. They are not conservatives but represent the courage to create a new system. They are revolutionaries. Trump, Musk, and Robert have no theories. They defend common sense, not outdated dogma. The great American people chose the Trump team based on common sense. After seeing the appointment of Trump, a large group of young people, we know that the world is facing enormous challenges. Raising interest rates can make money run to the United States. It is the idea of the industrial age. People will run to the United States if personal income tax is exempted. Trump has grasped the essence of the Internet age. If interest rates are raised, other countries can follow suit. Other countries cannot follow suit without changing their systems if income tax is exempted. A vast generation gap has emerged, and it is an open card. It is the true meaning of corporate competition. Companies will die, and so will countries.

From the perspective of the significant eras, there are agricultural, industrial, and Internet eras.

The characteristic of the agricultural era is that whoever has more land has the advantage. Those who rely on war to seize other people's land are still in the agrarian era, but this trend of thought is not mainstream in contemporary times.

In the industrial era, whoever had more capital had the advantage. Industrial people thought in contracts and negotiations instead of fighting to occupy land. Some regions cried and shouted to join the United States, but the United States did not want to do so. Of course, today's society is dominated by the industrial era's political, legal, and economic systems.

In the Internet era, whoever has more people has the advantage. However, today's Internet still applies to the industrial age rules. The revolution of the times must include the transformation of production relations. Satoshi Nakamoto created a new world of Internet finance. The Internet is no longer a financial tool but a financial revolution. As a result, the Internet has eliminated the thinking of the industrial age. In the past 15 years, cryptocurrencies have explored the economic path of humanity for thousands of years at the lowest cost and explored the core concept of the Internet: People-oriented transparent autonomy produces fairness and credibility and solves the contradiction that Internet users are both consumers and contributors. Based on this, a political, economic, and legal system that adapts to the Internet era is created. All this began with the Trump administration. The United States is not the largest country in the world. In fact, the more people a country has, the more advantages it has. Without institutional changes, people's advantages cannot be brought into play. The future is dominated by Internet thinking.

The people are kind, scholars are kind, and officials are kind. The key is that they don't know that a new world has arrived. Many people think that they are already in the Internet age and have enjoyed the benefits of the Internet. The Internet is currently only used as a tool to improve productivity efficiency in the industrial age. We are far from entering an era dominated by Internet thinking. Bitcoin is an exploratory experiment in the development of human financial processes. The coming to power of the Trump administration may allow the Internet to truly change today's society's productivity and production relations and ultimately bring the world to a new process - a new era of transparency, autonomy, and high efficiency. Those who oppose Trump do not know that they are defending a conservative and backward system.

Many outstanding Chinese scholars that I admire praise the American system. They think Trump is unreliable and a liar because we can't stand at Trump's height. Also, because of the arrival of a new era, only a few people can realize it. The new world did not come in an instant. In 1969, the US military's Arpanet also made people not realize the arrival of the Internet era. In 2009, most people thought Satoshi Nakamoto's Bitcoin was a scam. Now, everyone does not think it is a scam, but how many people know that with Satoshi Nakamoto's revolution, the Internet can be called an era.

The revolution of cryptocurrency has developed the transformation of the superstructure, and it is still in rapid practice. Because the time is too short, there is no perfect theory. What is coming will come. Humanity has chosen Trump, Musk, and Robert. They are all romantic heroes emerging from the trend of the times. The turning point of history needs great people to promote. MAGA is not just an American movement. The United States will become a model for progress in countries worldwide. Entrepreneurs are born to fight risks despite the great difficulties and dangers, and God protects them. Amen!