search
Homeweb3.0Why didn't Trump mention Web3 in his speech?

Author: Meng Yan’s Blockchain Thoughts

Trump’s 50-minute speech at the Nashville Bitcoin Conference on July 27 was hailed as another milestone in the crypto-asset industry. However, someone did some statistics after the meeting and found that Trump did not mention Ethereum, blockchain, or Web3 at all, and the only time he mentioned Vitalik was that he later found out that he had misheard.

特朗普演讲为何不提 Web3?

Why doesn’t Trump mention Web3? Of course I don’t know the exact reason. I can only ask the guy who wrote Trump’s speech, which is said to be David Bailey, CEO of Bitcoin Magazine. But if you look at this matter within the larger framework of the entire crypto industry, it is actually not difficult to understand.

In short, Trump’s speech basically reflected the views of the progressive Bitcoin supremacists.

Bitcoin and Ethereum are the two leading players in the Crypto industry and are often compared together. But in fact, the two are completely different. It can be said that they represent two completely different schools of thought: Bitcoin is a "useless use" and Ethereum is a "useful use."

Bitcoin’s goal is to serve as digital gold, the value benchmark of the digital world. It has no other use, especially no use value. Precisely because it has no use value, you cannot analyze it from the perspective of utility, and you cannot use indicators to measure its value. Therefore, Bitcoin is invincible because you cannot think of the logic to defeat it. But on the other hand, Bitcoin leaves little room for application development and ecological construction, and it is difficult for you to build anything on it. There are many Bitcoin fans who continue to claim that Bitcoin is the first and should be the last blockchain application. Bitcoin has fully utilized the reasonable value of the blockchain and can do everything that the blockchain should do. Yes, what Bitcoin doesn’t do is what blockchain shouldn’t do. All other blockchain innovations except Bitcoin are all pretentious. These views are typical of fundamental Bitcoin supremacism. This is of course the ultimate admiration for Bitcoin, but it is also a surrender to Bitcoin’s inability to serve as infrastructure to support greater value.

Ethereum is different. Its original goal was to be a global computer. Now it is a digital economic settlement layer and a dedicated computer. It is a useful thing and has appeared as an ecological infrastructure from the beginning. This is Ethereum’s strength, but also its weakness. Since it is useful, its usefulness can be broken down and measured based on some indicators, such as performance, TVL, number of users, throughput, etc. Because Ethereum is useful, in theory, if you make a blockchain that surpasses Ethereum in all aspects, it will be a more useful blockchain and can beat Ethereum. Since 2017, countless Ethereum Killer public chain narratives have emerged, some of which once achieved very high valuations. This is the logic behind them.

特朗普演讲为何不提 Web3?

So it can be compared like this, Bitcoin is a big ball, perfect on its own, but you can’t build the superstructure on it. Ethereum is a slab, which provides you with good basic conditions for building a superstructure, but it itself is more fragile than Bitcoin.

Although Trump talked a lot in this speech, it was actually just a repeated spiral strengthening of Bitcoin logic around Wall Street, that is, recognizing the value of Bitcoin digital gold, expressing confidence in its value, and providing policy guarantees after being elected. One wave after another, but that's all. It does not involve other aspects, and it does not involve the topic of blockchain changing the Internet application paradigm at all.

特朗普演讲为何不提 Web3?

Bitcoin and Ethereum provide different promises. Bitcoin is firmly in the position of digital gold and continues to increase its market value. Ethereum is laying the foundation to provide support for applications such as DeFi, Web3, and RWA.

I think Trump’s understanding of this industry cannot be so specific, so his speech mainly reflected the long-term consistent position of the people at Bitcoin Magazine, which is that we finally put Bitcoin as an asset It has been established as a mainstream compliant asset. Now we can explore all kinds of businesses and derivatives that can be done around this new asset in the mainstream financial circle. What was available in gold in the past is now added to Bitcoin. Wall Street prefers this narrative. As long as the client likes to trade, there is a commission to be earned.

On the contrary, creating new technologies, tools, platforms, and application paradigms is what Silicon Valley likes to do. Therefore, for things like creating DeFi, Web3, RWA or industrial blockchain on Ethereum, we cannot expect Wall Street to be particularly active. We still have to do something good first, and then Wall Street will join in.

Of course, this does not mean that Trump’s statements, if implemented, will have no meaning in terms of DeFi, Web3, and RWA. The significance is still great. First of all, if a large amount of money pours into digital assets, it will also affect these superstructure areas. On the other hand, Trump’s point about replacing the SEC is very intriguing. Because although Gensler is hated by people, to be honest, he basically gave the green light to Bitcoin during his tenure, without too much embarrassment. If we just look at Gensler from the perspective of Bitcoin, even if it is not a high score, it is still very passable. Gensler's true conservatism is reflected in his strong opposition to the Ethereum ecosystem, especially Web3. Especially when Hester Peirce's "Token Safe Harbor" proposal has been drafted, it has been shelved for a long time, seriously hindering Web3. development of. So replacing Gensler actually doesn't mean much to Bitcoin, but it may be good for Web3.

If the United States wants to become a paradise for Web3, the attitude of the SEC, not Wall Street, is more critical. Only by allowing Web3 projects to use tokens for user incentives and governance in a natural and reasonable way, and at the same time implementing effective supervision and resolutely cracking down on those who use coins to cut leeks and fraudsters, can Web3 gain a longer development cycle and actually grow a business flywheel. . Only in this way can the industry truly escape the cycle of ups and downs.

I don’t know how deeply Trump understands this issue, but it seems that He Jinli will not move in this direction. The more someone thinks he represents the direction of history, the more he infringes on personal freedoms and rights. No scruples. So this US election is indeed about the interests of the Web3 industry, let us wait and see.

The above is the detailed content of Why didn't Trump mention Web3 in his speech?. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Top 10 virtual digital currency app platforms in the world, the top ten virtual currency trading platforms in 2025Top 10 virtual digital currency app platforms in the world, the top ten virtual currency trading platforms in 2025Mar 05, 2025 pm 08:00 PM

With the booming development of the virtual currency industry, virtual digital currency trading platforms around the world are becoming increasingly stronger. This article focuses on the top ten virtual digital currency app platforms in the world in 2025, including Binance, OKX, Gate.io, Kraken, Gemini, FTX, Bybit, KuCoin, Huobi and Coinbase. These platforms are known for their advanced features, a wide range of transaction pairs, low fees and stable performance, providing users with a wide range of virtual currency trading options.

Pi Node Teaching: What is a Pi Node? How to install and set up Pi Node?Pi Node Teaching: What is a Pi Node? How to install and set up Pi Node?Mar 05, 2025 pm 05:57 PM

Detailed explanation and installation guide for PiNetwork nodes This article will introduce the PiNetwork ecosystem in detail - Pi nodes, a key role in the PiNetwork ecosystem, and provide complete steps for installation and configuration. After the launch of the PiNetwork blockchain test network, Pi nodes have become an important part of many pioneers actively participating in the testing, preparing for the upcoming main network release. If you don’t know PiNetwork yet, please refer to what is Picoin? What is the price for listing? Pi usage, mining and security analysis. What is PiNetwork? The PiNetwork project started in 2019 and owns its exclusive cryptocurrency Pi Coin. The project aims to create a one that everyone can participate

Various ETF issuers compete to apply for Solana ETF! But why is BlackRock still absent?Various ETF issuers compete to apply for Solana ETF! But why is BlackRock still absent?Mar 03, 2025 pm 06:33 PM

Many ETF issuers are scrambling to apply for SolanaETF, but BlackRock is still holding back? This article will interpret this phenomenon. SolanaETF application boom The Securities and Exchange Commission (SEC) has accepted SolanaETF applications submitted by several institutions, including Bitwise, 21Shares, VanEck, CanaryCapital and Grayscale. Bloomberg predicts that the probability of Solana spot ETF being approved by the end of the year is as high as 70%, which is closely related to the Trump administration's friendly attitude towards cryptocurrencies. The establishment of Franklin's "Franklin SolanaTrust" also implies its potential application for SolanaETF. However, Sol

Bitcoin [BTC] was on a downtrend after losing the $92,000-support level in the final week of FebruaryBitcoin [BTC] was on a downtrend after losing the $92,000-support level in the final week of FebruaryMar 16, 2025 am 10:10 AM

Technical indicators such as the OBV showed that selling pressure has been dominant, meaning more losses may be likely ahead.

Understand the current situation and future of MEV on a single articleUnderstand the current situation and future of MEV on a single articleMar 04, 2025 pm 05:06 PM

Sui Blockchain's MEV (Maximum Extractable Value) strategy and future outlook MEV have become the core issues in the blockchain field, which are related to transaction sorting and arbitrage opportunities. Sui is committed to guiding the development of MEV through Sui Improvement Proposal (SIP) and other mechanisms, ensuring transparency, transaction security, network health, and participant rewards. In addition to existing mechanisms, more mechanisms are planned to be introduced to ensure that its core principles can effectively guide the evolution of MEVs on Sui. Design principles and considerations Sui's every transaction contains potential profit opportunities. Sui's MEV ecosystem consists of the following mechanisms: MEV transaction submission mechanism MEV opportunity release mechanism MEV

Qubetics ($TICS): The Revolutionizing AI CryptoQubetics ($TICS): The Revolutionizing AI CryptoMar 23, 2025 am 10:08 AM

Cryptocurrency has always been a realm where the cutting edge of technology meets bold ambition, and it's only getting more exciting in the future. As artificial intelligence continues to grow in influence, there are a handful of digital assets that

PI price forecast: How high can PI coins rise?PI price forecast: How high can PI coins rise?Mar 03, 2025 pm 07:27 PM

Since the launch of PiNetwork (PI)'s independent network, it has continued to attract the attention of the cryptocurrency community. In contrast to the recent sluggish performance of mainstream cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Solana (SOL), the price of PI has risen against the trend. PI cryptocurrency: Binance listing may become a catalyst for price surge PINetwork (PI) price upward momentum Strong PI is currently priced at $1.6750, far higher than the previous low of $0.6020. Trading activity and investor interest continue to grow, and PI's future price trend has become the focus of market attention. PI market performance: Strong rebound and key resistance levels PI mainnet started at the beginning

Top 10 Free Virtual Currency Exchanges Rankings The latest top ten virtual currency APP trading platformsTop 10 Free Virtual Currency Exchanges Rankings The latest top ten virtual currency APP trading platformsMar 11, 2025 am 10:18 AM

The top ten free virtual currency exchanges are ranked: 1. OKX; 2. Binance; 3. Gate.io; 4. Huobi Global; 5. Kraken; 6. Coinbase; 7. KuCoin; 8. Crypto.com; 9. MEXC Global; 10. Bitfinex. These platforms each have their own advantages.

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
2 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
Repo: How To Revive Teammates
1 months agoBy尊渡假赌尊渡假赌尊渡假赌
Hello Kitty Island Adventure: How To Get Giant Seeds
4 weeks agoBy尊渡假赌尊渡假赌尊渡假赌

Hot Tools

Zend Studio 13.0.1

Zend Studio 13.0.1

Powerful PHP integrated development environment

Atom editor mac version download

Atom editor mac version download

The most popular open source editor

ZendStudio 13.5.1 Mac

ZendStudio 13.5.1 Mac

Powerful PHP integrated development environment

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)

Dreamweaver Mac version

Dreamweaver Mac version

Visual web development tools