Gold and bitcoin
bitcoin, a blockchain based digital currency, is often regarded as a global safe haven asset like gold. In this age of global turmoil, even gold has become unreliable and may be confiscated as India has. Some people have begun to think that bitcoin can replace gold, because bitcoin not only has the reserve capacity of gold, but also has some capabilities that gold does not have, such as low handling charges, rapid transfer capacity, decentralization and so on. With the increasing popularity of bitcoin and the decreasing volatility, the status of gold has been threatened
will bitcoin shake the status of gold?
gold has a long history, almost as long as the history of human civilization, and has withstood numerous tests in history. Bitcoin is less than a decade old, but its value has risen sharply. There is no support behind bitcoin. Of course, since the end of the gold standard, there has been no support from other currencies, except that there is no support from the central bank behind bitcoin. It's hard to predict whether bitcoin will exist in the next decade, a hundred years or even a thousand years.
the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's idea, open source software was designed and released, and P2P network was built on it. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system. Unlike most currencies, bitcoin does not rely on specific currency institutions to issue. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of money circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 million
from the two concepts, the main differences are as follows: gold is a physical object and a general equivalent; Bitcoin is a virtual currency, which is easy to be manipulated, and its value has a certain degree of hype.
2. A piece of paper is not money. A piece of paper with a specific drawing is money, because national credit supports it. What you believe is actually national credit. This belief leads to the fact that this piece of paper can be exchanged, but sometimes the state does not realize it. If there are too many pieces of paper, there will be problems, such as Thai baht, money from the late Republic of China, Zimbabwean currency, etc... If the state can't control foreign exchange, it will naturally have the money to go out and exchange for us dollars, RMB, etc. Bitcoin can also be used as an option
3. Bitcoin exists objectively. As long as you believe in it, it can circulate. The more people you believe in, the more valuable it is. But he was contrary to the government's right to coin. If a country's people believe in it, its central bank will be weakened or even lose its role
4. In reality, what is most like bitcoin is gold, which can not be eaten or worn, but it can be used as an equivalent exchange. It is a hard currency that has been tested by history. Of course, it is too early to say that bitcoin has been tested.
money is widely accepted as a medium of exchange. Gold is classified as money, which can be traced back to the early capitalism. At that time, gold could be used to exchange anything, but it didn't play much role. Gold is often in short supply. As a tradable tool and asset currency, it can be exchanged for a certain amount of US dollars
bitcoin has now become a means of online and offline payment, which has been accepted by many countries, but it has not been accepted by the whole world
2. The two are not irreplaceable: gold was used a long time ago, but it was rarely found and created by substitutes like gold. Bitcoin has many substitutes. Who knows what other encrypted electronic currency and technology will destroy the current market
3. Gold is a commodity, but bitcoin is not
gold is a basic commodity or hard asset that can be used in business, and can be used as a material to proce other commodities. People can also use gold for physical delivery and then make it into some other form for use. Although bitcoin is storable, it is not physical and cannot be held, felt or transferred
4. Are bitcoin and gold risk averse
bitcoin and gold are rare, their prices may be volatile, and each of them serves as an alternative investment to those who lack confidence in fiat money and monetary policy. Bitcoin trading is not as easy as gold, because people have to buy bitcoin through online trading platforms or invest in over-the-counter bitcoin trusts.
There is a very good answer, the invasion and deletion
cryptoclones is a digital and collectable blockchain game based on Ethereum blockchain. Using ether money to adopt clowns can be resold, and they can also be used to breed a new generation of clowns with strange shapes. They can also be cultivated to work and earn money, which makes the digital collection of clowns more sustainable and playable< There are two kinds of proction mechanism of clowns, one is official proction, the other is breeding proction between two clowns
one official clown is proced every 15 minutes, and the total number is only 50000. At certain times, the official will also release some strange clowns with special shapes. The price of the original clown is the average of the prices of the last five clowns in the market
two clowns of different genders can reproce in the breeding center of the market. In each breeding pair, one clown who plays the role of father can receive the breeding fee paid by the other party (maternal Master). After breeding, there is a certain recovery period, which is related to the clown's genes. The clown in the role of mother will have a period of pregnancy, and she will not be able to breed with other clowns until she gives birth to her baby. There is no limit to the number of breeding times of each etheric clown, but the recovery period and pregnancy period will increase with the number of breeding times< Each clown's appearance is determined by the tamperable genes stored in the smart contract, and each gene is unique, so each clown is unique
the appearance of a clown is composed of eight parts, each part of which can be divided into ordinary and rare attributes. The number of rare attributes is less than that of ordinary attributes, which makes the clown with rare attributes more precious
the appearance of a clown born in breeding is closely related to his parents and the genetic genes carried by his parents. The offspring have a high probability of inheriting the shape of some parts of his parents, so that their parents' good genes can be inherited, and it is possible to mutate and become a completely different clown from his parents
3. Clown trading
etheric clown can be directly used for trading
sell: users can choose clowns to be auctioned in the market, and they can sell their own clowns. When selling, users need to set the highest starting price, the lowest acceptance price and the auction time. The Dutch auction is adopted in the auction. During the auction time, the highest price set by the seller is graally transferred to the lowest price. If the owner is not willing to sell at a low price, a longer auction time can be set or the clown can be sold off the shelves
buy: the buyer selects the clown on sale in the market and pays ether to buy the clown he likes. When the buyer purchases, the transaction will be concluded at the auction price at the current time point. If you have a favorite clown, but feel that the price is not suitable for the time being, and want to pay more attention, you can collect the clown after you like it. Later, we can understand the dynamic of the clown through "my attention"< There are four kinds of clown attribute values: growth value, strength value, agility value and wisdom value. Generation 0 clowns get the value of each attribute randomly, and the non generation 0 clowns are mainly inherited
attribute values can be changed by eating food
after the clown's growth value reaches the requirement (100 points), he can go to the factory to earn money (ETH). Different kinds of factories need different clowns. Dream college needs the wisdom of every working clown. Clowns with more than 800 points of wisdom go to Dream Academy of Sciences to work, and their income can get bonus. If a clown with less than 300 wisdom goes to work, his income will be reced to
a part-time job will consume physical strength. The total physical strength is 120 points. It consumes 1 point every 12 minutes and can work up to 24 hours. During the period of not working, physical strength can be recovered, a little every 8 minutes
when the time reaches 0 o'clock or the clown's physical exertion is completed, the clown's work income will be settled according to the actual working hours at 0 o'clock every day. When every 12 minutes is a work, less than 12 minutes will not be counted
5. Clown food and feeding
owners can buy spinach, beef, carrots, walnuts and other food through the mall to feed clown pets
the price of food is related to the selling price of original clowns on the platform the day before. So the owners can hoard some food when the price of food is low
feeding spinach is helpful to growth value, beef corresponds to clown pet's strength value, carrot corresponds to agility, walnut corresponds to wisdom
the clown can only eat one food a day. We suggest that spinach should be fed in the early stage to meet the working conditions as soon as possible, and then according to the natural properties of clown in the later stage. When working, choose the type of factory with the highest attributes to work
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I can't believe that someone would ask such a question. As a hard currency since ancient times, the value of gold can't be replaced by any currency. Although bitcoin is booming now, its price keeps soaring. Compared with gold, it is not a concept at all. As a general equivalent, gold can be exchanged with the currency of any country, which is why no goods can be compared with gold. You should know that in a country, even if there is no currency, you can trade the goods you need with gold, but bitcoin can't. Now he is recognized in only a few companies. Today we're going to talk about gold or bitcoin, which has more long-term investment value{ RRRRR}
Third, how to view the relationship between bitcoin and gold
to explore their relationship, we must understand what money exists for? The essence of currency is to exchange goods, and in the process of payment, it means that the circulation of bitcoin has only developed in a short period of more than ten years. It has been thousands of years since gold became the general equivalent for exchange, ring which various dynasties have changed. However, as a hard currency, gold has never been abolished. From this we can see that the value of the two is impossible to compare. In the long run, gold obviously has better investment value
therefore, at present, gold is still the only currency in the world with the same scale and volatility as fiat money. Bitcoin, or digital cryptocurrency, is the most exciting currency experiment in the contemporary era.