Bitcoin Philosophy
On February 24, Xue Manzi mentioned in the "three o'clock Mars financial learning and growth community" that he would issue Manzi coins, saying that he would make his Manzi homestay into a valuable distributed airbnb
the Manzi B & B is located in Kyoto, Japan. It is said that 100 B & B units have been purchased in four months, and the new target is 200 units, which will enter Osaka and Tokyo. This posture seems to be permanent in Japan
I don't believe that Sanya was brought to a climax by the big guys of border control; But I believe in the climax of Japan's currency circle. After all, they are experts. But after the climax, what happens
perhaps the ultimate answer can only be found in the three o'clock blockchain group proficient in history and philosophy
In an interview with Yahoo Finance in Nebraska, Buffett once again despised digital currency investment, saying that "buying bitcoin is not an investment"
According to Buffett, people usually buy two kinds of things, one is a real investment, the other is not. Bitcoin belongs to the latterBuffett believes that when buying cryptocurrency, it is not investment but speculation“ There's nothing wrong with that. If you want to gamble, someone will come tomorrow and be willing to pay more. This is a kind of gambling. It's not an investment. "
this is not the first time that Buffett has lashed out at bitcoin and the virtual money market. In January 2018, Buffett predicted that cryptocurrency would definitely have a "bad ending"< At that time, Buffett said in an interview: "I don't know when and how the bad results will happen, but what I know is that if I am asked to buy long-term put options, I will buy five-year put options for each cryptocurrency. I'll be happy to do that, but I won't invest a dime in it. "< In the end, Buffett concluded that cryptocurrency is a decent business, but what is happening will eventually become a bad ending that everyone can see
from: surging news
agree with Buffett's point of view
Not long ago, the total value of bitcoin in the world exceeded one billion US dollars for the first time. For a pure virtual currency without the support of a central bank or other authority, this is a remarkable achievement. But this is also temporary: we are experiencing a bitcoin bubble, and the bursting of bubbles is only a matter of time. P>
says bubbles are doomed to break down for several reasons. The first is: because it is a bubble, no matter what charts, if it grows into the above picture, it will usher in tears at the end of a certain moment. but there is a deeper reason - bitcoin is a strange mixture of goods and money. The commodity value of bitcoin is generated by its monetary value, but as its commodity attribute becomes more and more significant, its use as currency becomes smaller
the distrust of existing financial institutions by these people, including Nakamoto, is no exception. What makes Nakamoto different is that he turns this distrust into a philosophy, which is the most important driving force behind the bitcoin project. When he introced bitcoin to the world in February 2009, Nakamoto boasted that his new currency had achieved "complete decentralization and there was no credible party". Moreover, he explained in great detail the problems that he thought should be solved urgently:
"the fundamental problem of traditional currency is the trust needed to make it work. We must trust the central bank not to devalue the currency, but the history of fiat money is full of betrayal of this trust. We have to trust that banks will save our money and transfer them electronically, but they still lend money without reservation in the rising credit bubble. We have to trust them with our privacy and trust them not to let impostors take money out of our accounts. "
Nakamoto is not paranoid: what he said here is the same as Warren; What Mr. Buffett said in his letter to shareholders in 2012 doesn't make much difference
" under the current monetary system, known investment types include money market funds, bonds, mortgage loans, bank savings, and other forms. Most of these money based investments are considered "safe.". In fact, they are among the most dangerous assets "in the past century, these investment methods have destroyed the purchasing power of investors in many countries, even if they can continue to harvest principal and interest in a timely manner. In addition, this terrible consequence will reappear again and again. Governments determine the final value of money, and systemic factors occasionally bias them toward policies that trigger inflation. From time to time, such policies get out of control "even in the United States, which strongly appeals for currency stability, the depreciation of the US dollar since I took over the management of Berkshire in 1965 has reached an alarming 86%. What you could buy for a dollar back then costs as much as seven dollars today. " if you hold dollars, you have to trust the US government not to destroy your wealth. By contrast, bitcoin is built on distrust - it's designed to be a "everyone for himself" currency. In vain, because of his stupidity, he was criticized by many people in the bitcoin world: what did he think of storing his e-wallet on an Internet connected windows machine but even when using bitcoin, people have to trust others in the end - and the objects they trust often turn out to be unreliable zero trust this degree of distrust is not only a feature but also a loophole compared with the special coin - in fact, most of us are willing to outsource the task of hoarding wealth to a large trusted organization, rather than hiding $1000 under the black volcanic rock in the stone wall of the old oak root, Or a $90000 100 dollar bill wrapped in aluminum foil and hidden in the refrigerator. Managing bitcoin yourself is risky and requires high computer skills. But the trust needed to entrust one's own bitcoin to others is exactly what bitcoin aims to avoid bitcoin's inherent suspicion of financial institutions not only distinguishes it from legal tender, but also makes it different from other virtual currencies, such as Facebook coin in the United States, Q coin in China and linden coin in the world's largest virtual game second life. All of these virtual currencies are closely monitored by the company that invented them, and are of little value outside these particular economies some of these virtual currencies are about the same order of magnitude as bitcoin in scale, although it is difficult to compare them in the same sense for example, the annual revenue of Facebook coin is about one billion US dollars, and the market of Q coin in 2007 was so big that the people's Bank of China intervened and called on companies to stop trading with Q coin. In the recent bubble, bitcoins traded for more than $30 million a day, and most of the time they traded more than $5 million a day. The annual turnover will be about $2 billion, so long as the bubble will not burst. strong>
let me give you an example. You may understand how many cycling enterprises have been born in the vent of bike sharing? Now, with the tuyere fading, there are only a few left. And even the head of the enterprise is not easy
1. is sure to generate bubbles. Br />2. foam growth. < After the br />3. bubble burst, it can not be questioned that new technology is useless.
(bike sharing has greatly changed travel)
4. Panic will lead to extremely low prices, and then it will be profitable
5. The survival rate is very low, except that the head can live, others almost die
(bitcoin - 85% +, Shanzhai Coin - 95 ~ 99% and even death)
bitcoin has been questioned countless times, or it has survived, and is still constantly reaching new heights, so there is no value to speak of
from the perspective of blockchain, bitcoin is also similar to gold and silver as a part of assets< I ask why gold, silver and diamonds are valuable? In essence, it's just a stone
because everyone recognizes it, it has value
What do you think of the centralization of money and paper money? By the way, the soft currency continues to depreciate
I remember that I knew about bitcoin in 2013, only after it plummeted
at that time, I was very disdainful. What's the value of this thing except to hype the capital market Now many little friends think the same way)
and then they came to the beginning of April 17
it's soaring again attracted my attention, and it kept rising until 20000 soft coins
I was shocked and didn't understand
however, with the growth of knowledge (graation from University), I think there must be some rationality in the existence of this thing
in philosophy, "being is reason"
moreover, its soaring price must have its unique features. We can't judge new things with our present eyes, otherwise we will suffer a great loss
this is also in philosophy, "new things will inevitably eliminate old things, this is e to the advanced nature of new things"
and read a lot of books, and also think a lot after.
I'm almost sure blockchain will change the world
therefore, we must embrace change instead of sticking to self-esteem
the application of blockchain has been written in "illustrated blockchain", covering all aspects of life
source: Zhihu
Virtual currency is a hot topic in recent years, and many people have made a lot of money because of it, but the current situation of these people is so sad
some people become famous and realize the freedom of wealth, while some people continue to speculate like gamblers and lose everything
this kind of people all heard that other people made money from it, and then they regretted very much. Why didn't they buy a few bitcoins in those years
then, in order to make up for this regret, these people are crazy, looking for this coin and that coin every day, spending all their savings, but in the end, few of them increase their prices
you should know that scarcity is the most important thing. Now all kinds of virtual currencies have been saturated for a long time. What's the use of joining in this? If you don't say anything else, just bitcoin, a lot of people can't do it, OK
after 2:00, they dominate the virtual world
3. If people go on like this, they will become more shallow, irritable, selfish, violent, pornographic and homely
4. Bitcoin will not disappear and become more and more powerful!!