Will bitcoin be yellow

1.

although bitcoin still has great risks, after years of development, with the increase of its application population, application scenarios and application technology, no country or organization can completely eliminate it. If you can figure it out, it is likely that countries will generally accept bitcoin and embrace it

according to my personal judgment, bitcoin, after a period of continuous development, is likely to become a world currency in the future, which can play the role of electronic gold and become the target of the value of other sovereign currencies. From this perspective, bitcoin can be used as a means of asset preservation in the future when inflation is inevitable

2.

No

bitcoin is at best a kind of hyped virtual digital currency. Being hyped by the market now does not mean that it will always be hyped

this is the same truth as those who speculate on Yuan Da tou. There are always ups and downs, and it is impossible to make a steady profit without losing money

anything that has been hyped is a virtue. When it's hot, people rush in, and when it's over, it's chicken feathers

it's bad luck for those who are high-ranking dish takers. They will stand on the top of the mountain for a long time, even to the end of time

The concept of

bitcoin should be very good, which is the same as the concept of speculation in stocks

what people see is its prospect and its future development trend

but money that can't circulate in the market will always be the same as castles in the air, and will eventually be a mirage

the circulation property of money is irreplaceable, but which mall supports bitcoin payment now? No

the price of bitcoin is so unstable that it is very likely that businesses will allow bitcoin to pay today and lose money tomorrow

therefore, bitcoin without circulation property has a worrying prospect

3.

Many people think that the reason why bitcoin is valuable is because it is "rare", and if bitcoin is no longer "rare", then it will not have value

this is a misunderstanding. Let's consider a question: what is the essence of all "currencies"

the answer is trust. The biggest reason for the value of the dollar is because of the credibility established for the dollar under the Bretton Woods Agreement, rather than the so-called equivalent exchange with gold (although others say so). The main reason why RMB is valuable is because of the trust system of RMB in China and neighboring countries, rather than the exchange with us dollar reserves (see offshore RMB). This can explain why the currencies of some countries (such as the ruble of Russia, as well as the Zimbabwean currency as you all know) have been greatly devalued, because the government and the current world situation have led to a trust system that does not support the existence of this currency. The so-called economic sanctions and currency speculation are very superficial and superficial reasons

the essence of money is trust

What about bitcoin

bitcoin has no centralized Trust Measurement institution. The value of bitcoin, namely its "credit system", comes from distrust of centralized units. Every country finds that seigniorage is too easy to collect, which leads to the increasingly poor trust between countries. Even the people of all countries do not trust the national currency

and trust, like quality, is conserved. Trust in centralized money decreases, while trust in decentralized money increases naturally

this is the essential reason why the value of bitcoin continues to rise. Therefore, for digital currencies such as bitcoin, there are only two outcomes. Either countries want to understand that they will no longer issue excess currencies, issue additional currencies in a scientific and reasonable way, unify stable exchange rates, and maintain the credit system of centralized currencies, then the value of bitcoin will be infinitely close to zero. Or countries will continue to drink water to quench their thirst, and more frantically use the method of issuing excess currency to collect seigniorage from everyone, then the trust in the centralized currency will be lower and lower, and the total value of bitcoin, a decentralized currency, will be infinitely close to the gross labor value of all the units that do not trust the government and other governments, but need international trade

either the price is crazy or it's worthless

after understanding these, we can answer this question. Will bitcoin be replaced by other digital currencies

swindlers like * * and even the old Wang next door can come and yell, "I spent 10 minutes to change bitcoin's core and create a new digital currency called SBC. Come and join my ICO and pay me seigniorage ~". So, if this happens, will you immediately choose to use Lao Wang's SBC next door

the answer is that some speculators will participate, but the market will not. The reason is very simple, the new cryptocurrency has not been recognized by the market, the application has not been proced, this kind of currency has no way to exchange for means of proction. Then this kind of currency is not money, but a virtual commodity for speculation. In other words, even if old Wang ICO next door has an SBC, no one will choose this kind of currency except those speculators who have no brains

in the current market, there are many other digital currencies, such as Ethereum, EOS, XRP, and so on, which may have technological advantages in some aspects (in fact, BTC has been evolving, and it will also learn from the advanced technologies of other digital currencies that have been successfully proved by the market. LTC and other currencies can be said to be the experimental currencies of BTC's advanced technologies.), There may be more application scenarios than BTC in the future, but they are not likely to challenge the status of BTC. BTC will always be the first consensus in the currency circle, which is the belief of many people. BTC will exist for a long time as the gold in the currency market, not mainly for the circulation of digital currency

4. Graphics card's computing power is very strong, mining machine is also piled up with graphics card.

5. It's deceptive. Activation needs 0.3 BTD. It's impossible to cash in the wallet to experience the BTD generated by the mine pool, because it needs energy, but the energy of new users is zero. That is to say, you have to find a way to get energy through other ways first. In other ways, you need to pay a little first. Ha ha, otherwise, it's a dead cycle to proce more BTD, No matter how many real name users you push, it's useless! Study, understand, decisively unload!

6. Yes, as long as you have a laptop and the router is a wireless router

7. Bitcoin early stage stir fried too much, now the bubble burst, the price down to go back a bit difficult, in the future, the value of bitcoin depends on the actual value of block chain technology, to tell the truth, this technology is too advanced, it is estimated that the realization of ten years and eight years is fast. Therefore, the future trend of bitcoin should be downward trend.

8.

There is no direct link between gold and bitcoin

neither of them is money: money is widely accepted as a medium of exchange, and gold is classified as money. To a large extent, it can be traced back to the early capitalist period, when gold could be used to exchange for anything, as a tradable tool and asset currency, to exchange for a certain amount of US dollars

bitcoin has now become a means of online and offline payment, and many countries have accepted this way, but it has not been accepted by the whole world

< H2 > extended data:

unlike all 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 the use of cryptography design to ensure the security of all aspects of money circulation

the decentralized feature and algorithm of P2P can ensure that it is impossible to artificially control the value of bitcoin by mass manufacturing. 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

9. It's very accurate to understand that gold is valuable and bitcoin is priceless. That's the difference between them. Because gold can enter the circulation market, bitcoin can not enter, so it has no value.

10. I've just been to file this year. I'm next to the agriculture and Forestry Bureau. Just take a taxi. It's on the second floor