What else can bitcoin do now

1.

"Gold and silver are not money naturally, but money is gold and silver naturally." this is a sentence Marx said about money

How to understand? In fact, it is very simple that money is the inevitable proct of the development of human life. In the earliest stage, gold and silver were only used as a kind of metal or a kind of ordinary commodity to exchange things. However, with the development of society, people find that gold and silver are easy to separate, easy to preserve, easy to carry and other advantages, so the suitability of gold and silver as currency is reflected, and naturally evolved into currency

What about bitcoin

2. The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system
unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. 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 currency 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

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3. Bitcoin is a kind of digital currency. Bitcoin can only be regarded as an electronic commodity in China. Bitcoin has become a legal currency in Germany. Bitcoin can be regarded as a collection. Collectors regard bitcoin as priceless, while non collectors regard bitcoin as worthless characters.

4. As the originator of the world's virtual currency, bitcoin has global liquidity. Even if there is no way to trade on the exchange e to the current domestic regulation, it can still be traded over the counter
after the domestic stock exchange was closed, the price of bitcoin soared by 50%, and it has returned to 30000
recently, International Monetary Fund (IMF) President Christine Lagarde said that it may not be a wise move to turn away virtual currencies. Our next generation may find that they are no less than the existing monetary and central bank policies in many aspects. Lagarde also believes that virtual currency does not threaten the legal currency and the central bank at present, but it may overcome many technical challenges in the future. It may be more convenient and stable than some legal currencies. It is more popular as a payment method, and it may subvert the banking service mode and force the central bank to expand the scope of supervision.

5. The silk road well shows one of the application scenarios of bitcoin, and also brings a bad impression of bitcoin to the outside world. After being involved in drugs, it makes people worry that the government may encircle bitcoin.