It has been twelve years since Satoshi Nakamoto coined Bitcoin. He named the white paper of Bitcoin “A Peer-to-Peer Electronic Cash System”, clearly clarifying his originality: replenish the decayed financial structure and value transfer fabric of the world, putting paid to the conventional centralized mechanics that has lasted for a long time.
Bitcoin has been arresting more and more followers from the moment it showed up, and practicing the decentralized mechanism of encrypted digital currency. I witnessed the prosperity of the entire encrypted digital currency industry and experienced several chain crashes many times. To my delight, overall the number of its believers plunging into this epic campaign are inflating.
Digital currency 1.0 dominated by Bitcoin and based on currency attributes passed; 2.0 constructed by Ethereum smart contracts passed as well. Now countless people are rushing into the exploration of 3.0. What is that?
As I see it, the foundation of cryptocurrency 3.0 is Token Economy, Community Management and a series of Decentralized Autonomous Organization(DAO) based on that. They will work together to build a powerful digital Bitcoin world.
During the grope of countless pioneers in crypto field, most of them are thinking about how to remould the existing financial texture or improve cryptocurrencies on the basis of the economic and financial model for the time being. Many have the tendency to compare Bitcoin with the Internet, treating blockchain as an extension of the Internet, or an advanced version of business model nowadays on the basis of Internet innovation. Sadly, they all end up in failure.
I think crypto domain is completely incompatible with the current world because it’s a fresh system. Instead of minor amendment, it fundamentally formats and reconstructs the earth. That's crucial in the real liberation of ideology and the true accomplishment in the innovation of encrypted digital currency projects.
We don't need hijack Bitcoin and cryptocurrencies to force them to adapt to our current flawed world but to build a new world compatible with them where the most basic idea is Token Economy and Community Management, which will be used to achieve a train of DAO, symbolizing the death of corporation structure with exploitation from private ownership.
I believe the stepping stone of cryptocurrency 3.0 are Token Economy and Community Management. What do you think?