Is bitcoin gold
Publish: 2021-04-18 21:12:49
1. The relationship between bitcoin and gold
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.
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.
2. Gold is a general equivalent, hard currency. All currencies are based on gold. Therefore, in addition to issuing currency, every country should also pay attention to gold reserves. Inflation means that more money is not worth money, and the reference object is also gold. It can be understood that gold is no longer the problem of value preservation, but gold is the general reference of value
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.
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.
3.
Bitcoin market can be seen on many platforms, but the premise of these is that you can see it and find a reliable proct platform
here is an example, such as coinplus exchange
1. First, go to the official website of the Canadian dollar station, and then look at the home page
the key point is that the platform is very intimate, and even the download steps have direct guidance
the above are just personal opinions, which can be referred to and guided
4. 1. Bitcoin is a decentralized virtual currency, and its algorithm is open source, which can be tested by all people in the world (including computer experts and mathematicians). Up to now, no one can find the loophole. In theory, the algorithm is perfect. The algorithm determines that it has an upper limit and cannot be copied - 21000
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.
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.
5. For bitcoin, don't invest any more. It's a complete gamble. Remember, don't participate, especially at this stage. The threshold itself is very low. Bitcoin is not money. It can be divided into any large unit, such as 0.0000015 bitcoin. I don't know when the concept of bitcoin was changed into bitcoin. It can be worthless at any time
6. Recently, there is a saying circulating in the circle of crypto digital currency: bitcoin, Leyte silver and Qite copper. The common point of these coins is that they all end with special currency. Bitcoin is the eldest one - Leyte coin was born by modifying bitcoin code - Qite coin was born by modifying Leyte code. Therefore, the saying of bitcoin, Leyte silver and Qite copper has been circulating in the circle of crypto digital currency!
7.
The reasons why bitcoin is digital gold are as follows:
1. Bitcoin has the highest market value among digital currencies and is also the foundation of digital money market
The total amount was limited3. The proct of the development of the Internet, which has no institutional or national support, is fair
Its value is graally recognized by the public Compared with gold, it is more convenient for identification, segmentation, carrying and storage Programmable currency can meet the needs of charity and government to solve corruption{ RRRRR}8. Because bitcoin and gold have one thing in common, that is, they are not renewable. The total number of bitcoin is 21 million until they are finished; Because bitcoin is a string of tamperable code, it is called digital gold
9. As an electronic currency asset, bitcoin has been widely recognized by many countries in the world. Bitcoin is a virtual currency based on network, which is composed of complex computer code. In November 2008, Nakamoto Tsung invented bitcoin. In January 2009, the bitcoin trading network officially went online. The inventor Nakamoto Tsung obtained the first 50 bitcoins by "mining". The total number of bitcoins is limited to 21 million. It is estimated that the last one will not be mined until 2140
like other national currencies, bitcoin can be used to purchase goods and services, and there is no issuing institution. It can be traded all over the world through the Internet, and all transactions are anonymous, leaving no identity information of the trader
however, e to the lack of supervision and the intervention of a large number of international speculators, the price of bitcoin tends to fluctuate greatly and the investment risk is quite high.
like other national currencies, bitcoin can be used to purchase goods and services, and there is no issuing institution. It can be traded all over the world through the Internet, and all transactions are anonymous, leaving no identity information of the trader
however, e to the lack of supervision and the intervention of a large number of international speculators, the price of bitcoin tends to fluctuate greatly and the investment risk is quite high.
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