Bitcoin has no real economy
Publish: 2021-05-25 22:32:18
1.
bitcoin is just like the currency in the game, but no one releases bitcoin. Instead, it relies on a specific algorithm to generate , so now people looking for bitcoin also call themselves miners, but they rely on computers to mine
the rise of bitcoin is e to the restructuring of global risk assets , and the widening of investment channels for encrypted assets . Since the beginning of this year, the volatility of securities and foreign exchange markets has intensified, and global investors are looking for safe assets. Traditional safe asset gold is more dependent on the real economy and inflation expectations, Bitcoin is more like a sensitive index, gaining a certain asset hedging advantage
2. It's hard to say, but blockchain technology may pose a potential threat to all walks of life. Bitcoin is as virtual as the credit cards people use every day and the online banking network. Bitcoin, like any other form of currency, can be used to pay online or in physical stores. Bitcoin can also be converted into real currency, such as casascius, but mobile payment is usually more convenient. Bitcoin balance is stored in a large distributed network, and no one can modify it maliciously. In other words, bitcoin users have the only control over their funds, and bitcoin will not disappear because of its virtuality
bitcoin network has been able to process a lot more transactions per second than the current processing capacity. But it's not fully mature enough to scale up to major credit card networks. The work to raise the current ceiling is in progress, and the future needs are very clear. From the beginning, every aspect of the bitcoin network has been maturing, optimizing and specialization, and this process will continue in the next few years. With the increase of traffic, more bitcoin users may use lightweight clients, while full network nodes may become more specialized services. For more details, check out wiki page extensibility.
bitcoin network has been able to process a lot more transactions per second than the current processing capacity. But it's not fully mature enough to scale up to major credit card networks. The work to raise the current ceiling is in progress, and the future needs are very clear. From the beginning, every aspect of the bitcoin network has been maturing, optimizing and specialization, and this process will continue in the next few years. With the increase of traffic, more bitcoin users may use lightweight clients, while full network nodes may become more specialized services. For more details, check out wiki page extensibility.
3. So far, the digital currency pioneered by bitcoin has not played a big role in stimulating the real economy. If there are any, they are mining machines and chips. But these are only phased, but the pulling effect is very small and may disappear at any time
of course, there are also applied digital currencies at home and abroad, such as Ruitai coin, vitality coin, Ethereum and so on.
of course, there are also applied digital currencies at home and abroad, such as Ruitai coin, vitality coin, Ethereum and so on.
4. It is easy to understand that the main reason is that the negative impact on China's economy and society is unforgivable. First of all, these computer geniuses have a good desire to create algorithmic digital currency, but because it has no value base, the consideration of bitcoin is dominated by underground economy from the beginning, and then it becomes a tool for speculation. Secondly, every surge of bitcoin is related to Chinese speculators, which is basically the result of domestic speculation and malicious speculation. This kind of malicious speculation not only has a serious impact on China's financial market, but also creates conditions for many illegal funds to flee. Third, bitcoin and other algorithmic currencies have never served the real economy in China, and have promoted the development of the real economy. On the contrary, let the funds serving the real economy flow into the market for speculation, which has a serious crowding out effect on the real economy. Fourth, under the above circumstances, bitcoin and other so-called "algorithmic digital currencies" will surely become increasingly tools for money laundering, drug trafficking, smuggling, illegal fund-raising and other illegal and criminal activities, and the responsible government must absolutely own this market.
5.
According to the official announcement, digital assets and RMB recharge functions will be closed at 12 noon on September 27, and all trading functions will be closed at 12 noon on September 30. So far, bitcoin trading was officially sentenced to death
some people applaud the state's move to control bitcoin transactions, believing that this money laundering tool should have been closed long ago the invention of bitcoin in the United States disturbs the Chinese market. We should learn from Russia's ban on bitcoin. Although bitcoin makes money, it is not good for the development of the country because it is divorced from the real economy. Many young people are addicted to bitcoin and lose both money and people
however, at present, the state only restricts it, but it has not been completely banned. Big exchanges can not provide bitcoin exchange, so many of them go underground, making it more difficult to control
for young people, the state has banned trading, so it is too risky to re-enter the bitcoin market, so they should be cautious to intervene, and regret if they break the law
6. The capital disk is made up of the people in front and those in the back. It has no value. This kind of source code is worth a lot. Don't invest in the capital disk. Most people have nothing to lose
7. It is sheer fiction. The one and only trick in what is called the theory of gambling is to throw the bitcoin which can neither be eaten nor drunk. The ultimate goal of human financial management is to keep the value of money even rising to the point where the bubble increases and the price is high in the process of speculation, but in fact, its value has not been raised. What special algorithm is unique? To put it bluntly, the cost of bitcoin is the loss of computer hardware and power consumption. How much is a computer worth when it breaks down? Behind this hype, there is no real economy to support it. It depends entirely on credit. If there is a small violation of discipline in this system, it will be a disaster. Moreover, as a virtual currency, bitcoin is also the hunting target of hackers. Some of these hackers are for fun or selling money after stealing, The other part is employed by the banking consortia that are not involved in the operation of bitcoin in the existing financial system. After all, the operation of bitcoin is only carried out by a very small number of people. The development of bitcoin violates the interests of the existing bigwigs, and they will clean it up without doing anything. In order to ensure the value of bitcoin, only some people want to increase their holding of bitcoin as they want to increase their holding of stocks. In the current economic crisis, no one has enough money to invest in this kind of thing. The rich will be more interested in gold, jewelry and antiques, because these systems have been generally regarded as a collection of values in human history, the simplest example, It took nearly a hundred years for us dollar to break away from the gold standard. Gold's position in finance is not as important as it used to be. However, at present, the strategic reserve of gold in various countries is in progress in unison. American bankers have boundless legal power, but they still can't change people's ideas and let people give up the general equivalent of gold, People's special feelings for gold can't be replaced in a short time by capitalists suppressing the price of gold or making various substitutes. Therefore, no fool will exchange his hard-earned money for worthless bitcoin. In the early publicity, some people used bitcoin to shop and pay for it, which is just a scam put into operation. They lost money and yelled to spend money to make speculation, In fact, the common people are just a group of sheep. As long as they are properly guided, they will follow. We call it fashion. Therefore, whoever believes in the value of bitcoin is the great fool in the Bo fool theory!
8. There is no real economy
9. Bitcoin is popular because its core value is recognized by more and more people; Secondly, economic inflation is affected by many factors. On the contrary, when economic inflation occurs, bitcoin, gold and other investment procts may become good hedging means; The following is a detailed description of bitfirst bitcoin platform professional analysts comparing with the value of bitcoin:
the core essence of things can best reflect its core value. First of all, we need to find out what the core essence of bitcoin is
first of all, the essence of bitcoin is not an algorithm. All symmetric encryption algorithms and asymmetric encryption algorithms used by bitcoin are neither original nor first used by bitcoin. These algorithms were designed by mathematicians decades ago and have been applied to various encryption and authentication scenarios for a long time
secondly, the core of bitcoin is not a P2P network. The BT protocol and eMule Protocol of P2P have long been widely used to share files on the Internet, which is not the original technology of bitcoin< Thirdly, the core of bitcoin is not an anonymous currency. In other words, RMB is also an anonymous currency
fourthly, the core of bitcoin is not a decentralized currency issuance mechanism. In ancient times, picking shells on the seashore can be used as currency. This is not a decentralized currency issuance mechanism< Fifth, the core of bitcoin is not a kind of software proced by communism. The essence of open source movement is the Communist movement. The communist cooperation mode of everyone contributing and everyone working for free has already created great software and applications like Linux, Wiki, Firefox and mysql
why can ordinary and innocuous technologies be combined to turn decay into magic? What is the core essence of bitcoin? How can people who do not understand the technology understand what bitcoin has done and what functions it has realized? To solve this problem, we need to explain that bitcoin is composed of the following four elements:
bitcoin software, bitcoin network, bitcoin protocol and bitcoin database
the operation and relationship of the four are the core essence of bitcoin, that is, many computers running bitcoin software use bitcoin protocol to communicate, forming a bitcoin network, and maintaining the same database through this network
similarly, computers using IP software communicate through IP protocol to form an IP network, and each node has an IP address
the core value of bitcoin is that it has successfully generated an irreversible and tamperable database on the P2P network for the first time. Note that it is "the first success" rather than "the first time". This success is based on "human desire", not divorced from "human desire". The key to the failure of the Communist practice of the people's commune is that it deviates from the objective law of "human desire". Therefore, the first key to the success of bitcoin is to conform to the objective law. Natural principle is human desire, and human desire is natural principle
in theory, bitcoin's database can be expanded infinitely to store any type of data. Now it is mainly used to store transaction accounts, that is, currency function, but it is only one of the applications. Relying on this database, we have developed domain name registration, securities trading and other functions. But this is just the beginning. There are many kinds of applications that may emerge in the future
this technology can be reused. At present, there are thousands of counterfeit coins, but please note that in the history of technology development, the value of "first success" is very huge. For example, IP protocol is the first network layer communication technology that successfully realizes global interconnection, that is, the "de facto standard" of Internet. What is the de facto standard is that any country, organization or indivial in the world, without any negotiation, agreement or legal regulation, uses IP protocol to access the Internet. This IP technology is not the earliest network layer protocol, or even the most perfect (the current IPv4 should be replaced by IPv6 to fix some defects). Because of the huge cost of conversion, once the de facto standard is formed, it is difficult to replace it without fatal defects
according to the current situation, bitcoin database and bitcoin protocol may form a de facto protocol standard, and its value will grow with the growth of its application, but this value may not be reflected in the price of bitcoin, because bitcoin is only one of its applications.
the core essence of things can best reflect its core value. First of all, we need to find out what the core essence of bitcoin is
first of all, the essence of bitcoin is not an algorithm. All symmetric encryption algorithms and asymmetric encryption algorithms used by bitcoin are neither original nor first used by bitcoin. These algorithms were designed by mathematicians decades ago and have been applied to various encryption and authentication scenarios for a long time
secondly, the core of bitcoin is not a P2P network. The BT protocol and eMule Protocol of P2P have long been widely used to share files on the Internet, which is not the original technology of bitcoin< Thirdly, the core of bitcoin is not an anonymous currency. In other words, RMB is also an anonymous currency
fourthly, the core of bitcoin is not a decentralized currency issuance mechanism. In ancient times, picking shells on the seashore can be used as currency. This is not a decentralized currency issuance mechanism< Fifth, the core of bitcoin is not a kind of software proced by communism. The essence of open source movement is the Communist movement. The communist cooperation mode of everyone contributing and everyone working for free has already created great software and applications like Linux, Wiki, Firefox and mysql
why can ordinary and innocuous technologies be combined to turn decay into magic? What is the core essence of bitcoin? How can people who do not understand the technology understand what bitcoin has done and what functions it has realized? To solve this problem, we need to explain that bitcoin is composed of the following four elements:
bitcoin software, bitcoin network, bitcoin protocol and bitcoin database
the operation and relationship of the four are the core essence of bitcoin, that is, many computers running bitcoin software use bitcoin protocol to communicate, forming a bitcoin network, and maintaining the same database through this network
similarly, computers using IP software communicate through IP protocol to form an IP network, and each node has an IP address
the core value of bitcoin is that it has successfully generated an irreversible and tamperable database on the P2P network for the first time. Note that it is "the first success" rather than "the first time". This success is based on "human desire", not divorced from "human desire". The key to the failure of the Communist practice of the people's commune is that it deviates from the objective law of "human desire". Therefore, the first key to the success of bitcoin is to conform to the objective law. Natural principle is human desire, and human desire is natural principle
in theory, bitcoin's database can be expanded infinitely to store any type of data. Now it is mainly used to store transaction accounts, that is, currency function, but it is only one of the applications. Relying on this database, we have developed domain name registration, securities trading and other functions. But this is just the beginning. There are many kinds of applications that may emerge in the future
this technology can be reused. At present, there are thousands of counterfeit coins, but please note that in the history of technology development, the value of "first success" is very huge. For example, IP protocol is the first network layer communication technology that successfully realizes global interconnection, that is, the "de facto standard" of Internet. What is the de facto standard is that any country, organization or indivial in the world, without any negotiation, agreement or legal regulation, uses IP protocol to access the Internet. This IP technology is not the earliest network layer protocol, or even the most perfect (the current IPv4 should be replaced by IPv6 to fix some defects). Because of the huge cost of conversion, once the de facto standard is formed, it is difficult to replace it without fatal defects
according to the current situation, bitcoin database and bitcoin protocol may form a de facto protocol standard, and its value will grow with the growth of its application, but this value may not be reflected in the price of bitcoin, because bitcoin is only one of its applications.
10. To tell you the truth, I hold a negative view on the world's most valuable virtual currency, because in recent years, many things have caused irreparable situation compared with the special currency, which will hit the real economy
your adoption will be my driving force.
your adoption will be my driving force.
Hot content