Bitcoin is essentially worthless
Publish: 2021-04-17 21:44:48
1. The essence of money is circulation. I don't mean illegal or small-scale. bitcoin is similar to gold now. You can't say it doesn't have the characteristics of money, but it is not money. If it can't be recognized by most people in the future, it will lose all the properties of money
2. Throughout history, there have been cases of gold, goods and even land confiscation in times of crisis. It is also disturbing that, as we have seen in Venezuela, people there are struggling with high inflation. Sometimes it is extremely difficult to convert money into another currency, which makes people feel helpless and can only watch their life savings be worthless. Bitcoin is very different. It is in electronic form and has no boundary restrictions. It can be transferred without any intermediary. Anyone who connects to a mobile device or the Internet can use it. All transactions are permanently recorded in the public ledger, and there is no dispute about ownership
in a recent article in the New York Times, a Venezuelan economist described how bitcoin became a part of Venezuela's daily life, so that on a mainstream bitcoin trading platform, Venezuela's trading volume ranked second only to Russia in the world. But bitcoin is not just used to protect wealth in extreme conditions. In general, bitcoin is also an excellent choice for portfolio diversification, and it should be seen as part of a comprehensive wealth preservation strategy.
in a recent article in the New York Times, a Venezuelan economist described how bitcoin became a part of Venezuela's daily life, so that on a mainstream bitcoin trading platform, Venezuela's trading volume ranked second only to Russia in the world. But bitcoin is not just used to protect wealth in extreme conditions. In general, bitcoin is also an excellent choice for portfolio diversification, and it should be seen as part of a comprehensive wealth preservation strategy.
3. You have too many questions... It's hard to answer. I picked a few answers
what is the essence of bitcoin
A: in essence, it is a multi person account book. But the currency (bitcoin) on the account book is generated out of thin air, and the algorithm is sha256 workload proof
how to identify its uniqueness< As like as two peas, br / > answer: it's still a book. All the books are kept by all the game player in the world. Just imagine, the whole world knows that I have five coins. I pay five coins to a in the way of bookkeeping, and keep the account book. Unless you change 51% of everyone's account book, it will be effective, but the change has to be proved by workload, so it is not so easy to change. This guarantees uniqueness I can only give you a general idea. Although it's not easy to understand, you can check it yourself)
according to my understanding, bitcoin should not be stored in a database to record users' bitcoin... It is stored locally
A: it's stored locally, but it's broadcast immediately in P2P mode. Everyone who plays bitcoin keeps a locally. If your account book is different from others, for example, if you say you have 100 million, your account book is invalid. If no one admits it, it can't be sent
PS: it's learned a lot, involving economics, cryptography, sociology, computer programming, etc. One can't master all of them, so there are many people who don't understand them. When you understand 1 / 2 of what XX learned above, you will understand.
what is the essence of bitcoin
A: in essence, it is a multi person account book. But the currency (bitcoin) on the account book is generated out of thin air, and the algorithm is sha256 workload proof
how to identify its uniqueness< As like as two peas, br / > answer: it's still a book. All the books are kept by all the game player in the world. Just imagine, the whole world knows that I have five coins. I pay five coins to a in the way of bookkeeping, and keep the account book. Unless you change 51% of everyone's account book, it will be effective, but the change has to be proved by workload, so it is not so easy to change. This guarantees uniqueness I can only give you a general idea. Although it's not easy to understand, you can check it yourself)
according to my understanding, bitcoin should not be stored in a database to record users' bitcoin... It is stored locally
A: it's stored locally, but it's broadcast immediately in P2P mode. Everyone who plays bitcoin keeps a locally. If your account book is different from others, for example, if you say you have 100 million, your account book is invalid. If no one admits it, it can't be sent
PS: it's learned a lot, involving economics, cryptography, sociology, computer programming, etc. One can't master all of them, so there are many people who don't understand them. When you understand 1 / 2 of what XX learned above, you will understand.
4. Still don't believe this thing, because you don't know him, and he asked you to invest money at the beginning, I think it must be a lie to you.
5. Bitcoin is a big power consumer! It's not worth a damn if the world's power grids are shut down
6. Global powers to regulate bitcoin
7. Of course, it's possible
bitcoin, as a risky investment proct, can either go up too much or go down too far. This is the common feature of high-yield investment target, high-yield means high risk. If you want to benefit from bitcoin, you should also be prepared for loss, control your position, stop profit and stop loss.
bitcoin, as a risky investment proct, can either go up too much or go down too far. This is the common feature of high-yield investment target, high-yield means high risk. If you want to benefit from bitcoin, you should also be prepared for loss, control your position, stop profit and stop loss.
8. Bitcoin is someone who gives you a math problem with 100 answers. The function of bitware is to calculate these 100 answers by computer. If you calculate an answer, you get a bitcoin. The answer is stored in your hard disk. In other words, if you lose your hard disk or format it, your bitcoin will be gone. The answer is unique, and the total number of answers is fixed. If you calculate this answer, others can only calculate other answers. Some people are willing to pay for these bitcoins (which is similar to the ancient use of shells as currency). In the end, there was a deal.
9. Bitcoin is a kind of P2P digital currency. When it first appeared, bitcoin was almost worthless. One dollar could buy an average of 1309.03 bitcoins, but now one bitcoin is worth $1044.
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