Stupid, the problem is the product!


2003 is the most difficult time for Internet companies. The Internet bubble began to collapse after reaching its peak in 2000. After that, the stock market and investment volume fell all the way to the end of 2002. The bankrupt company had already gone bankrupt, and it was difficult for the bankrupt to melt into the new capital. At the bottom of the valley, there was panic and despair everywhere, and even the most determined Internet believers were somewhat shaken. You are also wondering whether the industry we are engaged in has any value in the end?

By 2003, Silicon Valley celebrity, founder of O’Reilly, the largest computer technology publisher, and Tim O’Reilly, who is nearly 50 years old, decided to stand up and cheer young Internet companies. In addition to starting to promote a concept called Web 2.0 and proclaiming that the biggest wave of the Internet is coming, O’Reilly organized a special party called foo camp.

Stupid, the problem is the product!

<center>The “camp” in the Googleplex atrium</center>

Foo camp is different from all the technical activities at that time. It has no theme at all. According to the organizers, this activity is for you to take out a weekend time, provide food, drink and tents in a hall with Internet, let you chat casually, and tell others about your ideas on the development of the technology industry, or show your product ideas. You can grab a person and start chatting, or you can get tired and sleep in the tent, get up and continue chatting. If you feel that you have chatted something of special value, you can immediately write a schedule on the whiteboard and speak to everyone on the stage. But even if someone on the stage speaks with a microphone, the people below may not be interested in listening carefully. They may continue to talk excitedly and ignore the people on the stage completely.

This activity attracted more than 200 people to participate, and they talked about countless ideas. Some programmers also showed the prototype of the project they were working on. The whole event is full of hippies on the west coast, and a bunch of fine brewed breweries in California run to provide alcohol fuel for these “smart heads” with their own beer.

Since then, this activity has swept the world, and it has been held one after another in various countries and several times in China. Today we can say that it is the activities of the pioneers of the Internet. They discussed a variety of application scenarios in the most desperate time in the whole industry, and eventually most of these scenarios became products. For example, how to organize information flow and provide feed, these ideas later opened the era of blog, and eventually evolved into social networks. For another example, BT download was able to present a complete product demonstration at that event, and it began to be known to the world through the demonstration at the event.

In fact, at that time in 2003, the basic technologies and open-source software needed by the Internet were already available. Although they are far less powerful than they are today, and they are not as convenient and fast as they are today, the technical foundation has been fully developed. It’s just that most people at that point in time don’t understand what practical use these technology foundations can provide.

It’s just like Clinton’s famous slogan when he ran for president of the United States: “stupid, the problem is the economy.”. At that point in time, the problem facing the Internet is exactly like this, the problem is the product.

Stupid, the problem is the product!

This kind of scene appears every few years in the development history of Internet and technology. For example, the era of mobile Internet starts from the completion of GPRS network, and has a pretty good technical foundation by the time of 3G construction. However, people are struggling to find killer products, and operators in many countries are almost dragged to bankruptcy. Until the emergence of iPhone, the killer product, the wave of mobile Internet really began. The history of science and technology can tell us that the speed of technology development is usually ahead of time, and the products are usually behind. What’s more interesting is that the emergence and development of products are very flexible. People can choose and choose properly. When there are certain limitations in the development of technology, real products can be produced. For example, today’s 4G mobile network has reached 200m bandwidth, but people began to download P2P in the late 1990s, when the common broadband bandwidth was less than 1m.

Stupid, the problem is the product!

Blockchain, in my opinion, is exactly the state of that era. The technical foundation is enough to produce interesting applications, but in fact, the application itself is far from abundant. In addition to wallets and spinach, what really makes people think is not enough. A boom is just over. The bear market still doesn’t know how long it will last. This happens to be the Internet world I saw in 2002. Compared with the Internet infrastructure in 2002, today’s blockchain is actually better than that, and there are enough technical solutions. These solutions are enough to solve some problems, but these problems are often distributed in different industries, and practitioners in our industry may not be aware of their existence. And those practitioners in the industry do not know that blockchain is now enough to solve their problems. Although blockchain has various disadvantages, in different application scenarios of different industries, different requirements and granularity of efficiency, reliability, cost and decentralization should be recombined according to specific needs, which should produce a real problem-solving product model. At the end of the day, it’s the same sentence: “the problem is the product.”.

Therefore, when our infrastructure is gradually complete and we can start to load some applications, the team asked me if we would like to do an activity like hacking pine. But the first activity I think of is not hacking pine, a kind of development activity, but foo camp, which is closer to creativity and discussion. In this era, what we need more is the collision of ideas, especially the ideas of people from different industries and backgrounds. Even the idea that “you are totally unreliable” is worth debating. After all, in the early days of the Internet, a large number of traditional software advocates came to the ground and insisted that the mass Internet was worthless, and software was the future.

Considering that press. One is a digital content distribution protocol, it’s just the right thing for us to do. Different from 2002, now we can let you record the idea outline on the blockchain and bundle a smart contract. If someone is willing to develop a real product based on this idea, we can determine the cooperation relationship between the two parties through the smart contract transaction. In this way, whether or not the product is successful in the future, the proponent of the idea and idea can always be confirmed. Of course, unlike Silicon Valley, which has been more than 10 years, it’s not easy to do an activity with 200 people for a weekend today. To be on the right side, we have made a micro split version of foo camp: dozens of people, invitation system, all day activities.

In the previous January and March, we successively completed such creative activities in Shanghai, Hangzhou, Shenzhen, Chengdu and Beijing. The effect is better than I expected at first. The members invited to participate in the activity come from several different industries, and the discussion is quite warm. They also discussed a lot of valuable product ideas. I think it’s more interesting than a traditional day of hacking.

Stupid, the problem is the product!

After that, we are sorting out the idea generated by these five activities, and intend to put them all on, bind smart contracts, and form an idea pool for you to choose and cooperate with. During this process, our BD operation colleagues reported that some people didn’t participate in the site before and after the Spring Festival and still wanted to submit their idea; some idea of idea was very good but didn’t get the attention of the owner; some idea was not fully expressed and was submerged. So we launched an activity that reflects everyone’s participation, crowdsourcing and improvement, and is driven by 1 million PRS economic incentives, the online collection and selection of idea. We will invite experts in this circle who have an understanding of DAPP to build an expert team to select the best idea, and give PRS award is just the beginning. It is expected that we can build a team to set up a project and get investment or more resources support.

Although we hope that you can develop all kinds of products based on the foundation provided by, we do not limit that products must be developed based on No matter what the basis of development, it is meaningful for the whole industry. We welcome all kinds of idea to participate in this activity. provides a tool for people to easily spread ideas, find collaborators and protect creative models, which is very meaningful. We also hope that through this activity, people can expand their ideas, not only consider as a content publishing or copyright platform. In this era, almost everything can become digital content, and have the opportunity to find the scene of use and transaction here.

In the future, we will carry out such activities in more cities in China and other countries. If you haven’t experienced the Internet in 2003, the passion of early participants and promoters to imagine the future, prepare your thoughts, problems or puzzles, see you online activities.

Stupid, the problem is the product!

To learn more about us, you can see Xiqiao’s detailed solution to the pressone application scenario:

All information about online activities can be found in this section:

< center > Author: Huo Ju design: Xiqiao < / center >