The relationship between Tesla and BTC
Yes , bitcoin's crazy rise has made many people unable to sit down, including Tesla CEO Elon Musk who also expressed his interest in bitcoin
On Sunday (December 20) local time, musk asked a well-known digital currency advocate about the possibility of converting the "big deal" on Tesla's balance sheet into bitcoin. The exchange between the two people excited the cryptocurrency circle, and people speculated that Tesla might buy bitcoinMichael Saylor, the CEO of MicroStrategy, publicly suggested that musk convert US dollars into bitcoin
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seller is willing to share his experience with musk offline:
seller is one of the most powerful supporters of bitcoin. The nearly $500 million bitcoin bet he disclosed this summer has more than doubled its current value. MicroStrategy also announced this month that it has raised more than $600 million by issuing bonds to buy more bitcoin
"If you want shareholders to make an extra $100 billion, convert the dollars on Tesla's balance sheet into bitcoin," Mr. seller wrote. Other companies on the S & P 500 will follow your example, and over time, the $100 billion will become $1 trillion. Facing the unprecedented monetary expansion this year, every CEO is faced with the challenge of how to maintain and enhance shareholder value. Bitcoin is the best solution for every indivial, investor and enterprise on earth to store value. "then musk replied," is such a big deal possible? " "Yes, in the past few months, I've bought more than $1.3 billion worth of bitcoin, and I'd like to share my experience with you offline," he said
On February 8, 2021, the price of bitcoin continued to rise, up nearly 15%. It broke through $44000 for the first time. Tesla purchased 1.5 billion bitcoin at one time and used this part of assets to replace part of future cash reserve assets. Tesla may also use bitcoin as a new proct payment method< for the investment of bitcoin, musk has already started the layout long ago. Bitcoin has become a new system of the world monetary center, which deviates from its original intention
the purpose of Tesla's large-scale purchase of bitcoin is to issue its own shares under the name of blockchain, and its essence is & quot; Laying eggs with chickens;, The bitcoin market is currently facing unregulated, although the big guys are full of interest in it, and actively guide it as an acceptable issuing currency in the mainstream market, but in fact, the impact of this payment mode on the future market is unknown
the reason why the price of bitcoin has been rising all the way is that many people have participated in the hype and increased the publicity of bitcoin as the originator of digital currency, bitcoin has always been welcomed by many speculators, because bitcoin is a virtual asset after all, it is very convenient to transfer and trade, and there is no supervision, so it is very easy to cause price fluctuations, and many people profit from the speculation of bitcoin. In this round of speculation, the price of bitcoin keeps rising. Even after a sharp fall, the price of bitcoin still reaches about $50000
after seeing the development trend of bitcoin, Tesla's boss also joined the money speculation army, and even his profit in bitcoin exceeded that of selling cars< Strong> capital giant joined the hype, exacerbated the bitcoin bubble, and bitcoin prices also went up. Third, the price of bitcoin fluctuates greatly and the risk increases significantly< p> Bitcoin, a virtual asset, can be used in very limited scenarios in real life. Although it is very convenient to carry and trade, bitcoin has no value in the case of power failure or the state does not support it. Moreover, with the hype, the price of bitcoin has entered a high-risk area and become a high-risk asset. Speculation on bitcoin should be cautious. When the price of bitcoin goes up, it also breeds great risks
you are welcome to leave a message in the comment area to discuss what you think of bitcoin
there is no exchange rate for bitcoin. Because bitcoin is an electronic currency and is universally used, its exchange rate is the same as that of other legal currencies
bitcoin mining and node software is based on P2P network, digital signature and cryptographic evidence to initiate and verify transactions. Nodes broadcast transactions to the network. After these broadcast transactions are verified by miners, miners express their confirmation with their own work proof results. The confirmed transactions will be packaged into data blocks, and the data blocks will be strung together to form a continuous data block chain
every node of bitcoin will collect all the unconfirmed transactions and gather them into a data block, which will be integrated with the previous data block. The miner node will attach a random adjustment number and calculate the SHA-256 hash value of the previous data block. The mining node keeps trying again and again until it finds the random adjustment number so that the generated hash value is lower than a specific target
because hash operation is irreversible, it is very difficult to find the required random adjustment number, which requires a continuous trial and error process that can predict the total number. At this time, the workload proof mechanism will play a role. When a node finds a satisfactory solution, it can broadcast its results to the whole network. Other nodes can receive the new data block and check whether it meets the specification. If other nodes do meet the requirements by calculating the hash value, then the data block is valid, and other nodes will accept the data block and attach it to their own chain.
refer to the development analysis and investment value evaluation report of China miner steel market released by guanyanxia
unconfirmed transactions are broadcast to the whole network every moment, and then all nodes (bitcoin miner) who are willing to participate in the verification of transactions will select some unconfirmed transactions to verify against the historical blockchain and package them into a "block" every 10 minutes, However, not all the blocks packed by bitcoin miners are effective blocks. Next, they need to participate in an arithmetic competition with increasing difficulty. The winner's results can be recognized by the whole network and rewarded (New bitcoin) (green circle). At the same time, when more than one person wins, only the result of one miner should be retained through the voting mechanism, and the confirmation of others should be cancelled
unconfirmed transactions are broadcast to the whole network all the time, and then all nodes (bitcoin miners) who are willing to participate in verifying transactions will select some unconfirmed transactions every 10 minutes to verify against the historical blockchain and package them into a "block", but not all the blocks packed by bitcoin miners are effective blocks, But next, we need to participate in an arithmetic competition with increasing difficulty. The winner's result can be recognized by the whole network and be rewarded (New bitcoin) (green circle). At the same time, when more than one person wins, only the result of one miner should be retained through the voting mechanism, and the confirmation of others should be cancelled.
because of this announcement of Tesla, the price of bitcoin rose by 10% on February 8, reaching the highest price in history. It can be said that every time Tesla makes a big move, the price of bitcoin will rise. The president of Tesla is also a fan of bitcoin and often makes comments about bitcoin. Every time, it will increase the price of bitcoin a lot
I think it's very likely that the president of Tesla is playing hard to get. It is likely that this is to achieve a certain purpose. Because as a successful businessman, bitcoin should not be so valued. After all, it is a virtual currency, which is likely to lead to the collapse of the economy. Therefore, there must be a big move to make such a move. Driving the growth of bitcoin economy. Let bitcoin go all the way from this year, reaching a very high level
what is bitcoin the concept of bitcoin was proposed in 2009. It is a kind of virtual currency in the form of P2P. This kind of currency is generated through extremely complicated calculation process, so many people buy bitcoin mining machines and go to many places to mine. Mining here means mining on a computer to get bitcoin. Generally speaking, many countries are reluctant to use bitcoin as a currency, because bitcoin has a little impact on the real economy, and because of its virtualization, it leads to a currency that is not very stable, and is likely to fall sharply. This leads to the economic instability of the country
Tesla is crazy to buy bitcoin, with us $1.5 billion equivalent to nearly RMB 10 billion. It is said that Tesla's plan to buy a car with bitcoin has been reported to the securities and Futures Commission. After this review, it will be put on the agenda, and everyone can really use bitcoin to buy a car{ RRRRR}
to buy a car in currency, if it can really become a business, it is a good thing for those who hold bitcoin, and it will create another investment outlet. Now it is in the process of approval. If it is really approved, it is obvious that the price of bitcoin is far more than US $49000, breaking through 50000 is very easy, But if it doesn't pass, it may fall quickly