Why can bitcoin become a currency

1.

Because 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

many websites for technology players have begun to accept bitcoin transactions. For example, websites like hotcoin, coin an and okex, as well as some Taobao stores, can even accept services such as bitcoin exchange for us dollars and euro. There is no doubt that bitcoin has become a real currency in circulation, rather than a virtual currency like Tencent Q coin. There are specialized bitcoin third party payment companies abroad, similar to the domestic Alipay, which can provide API interface services. p>

you can use money to buy bitcoin, or you can be a miner to "mine" them, and use computers to search for 64 bit numbers. By repeatedly decrypting with a computer, it competes with other gold miners to provide the number needed for the bitcoin network. If the computer can successfully create a set of numbers, it will get 12.5 bitcoins

bitcoin is decentralized. It needs to create a fixed number of bitcoins in each unit of computing time. It can get 12.5 bitcoins every 10 minutes. By 2140, there will be 21 million bitcoins in circulation. In other words, bitcoin system can be self-sufficient, which can be translated into coding to resist inflation and prevent others from sabotaging

extended data:

monetary characteristics

1. Decentralization: bitcoin is the first distributed virtual currency, and the whole network is composed of users without a central bank. Decentralization is the guarantee of bitcoin's security and freedom

2. Global circulation: bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin

3. Exclusive ownership: private key is needed to control bitcoin, which can be stored in any storage medium in isolation. No one can get it except the user himself

4. Low transaction cost: bitcoin can be remitted free of charge, but a transaction fee of about 1 bitfen will be charged for each transaction to ensure faster transaction execution

5, no hidden cost: as a means of payment from a to B, bitcoin has no cumbersome limit of quota and proceres. If you know the other party's bitcoin address, you can pay

6. Cross platform Mining: users can explore the computing power of different hardware on many platforms

2. 50 million RMB.

3. Let's put aside bitcoin and talk about the conditions for becoming a world currency:
1: convertibility
2: relative stability of value:
3: universal acceptance

in my opinion, there are no three bitcoins, so becoming a world currency is empty talk

4.

I'll give you a standard answer

Why can bitcoin be used as money

A: because the "Payment Service Amendment Act" officially signed by the cabinet of Japan officially recognized bitcoin as a legal payment method, the Act came into effect on April 1, 2017

this is the first country in the world to recognize bitcoin as a legal payment method, and this is the first bill to put the legality of bitcoin payment into law

therefore, in Japan, you can use bitcoin for money

the internal logic is that you use bitcoin to buy any commodity in Japan (as long as the store supports it), and then the commodity can be resold and converted into yen, and then the yen can be converted into other countries' legal currency through foreign exchange. Therefore, from this perspective, it already has the property of "currency", that is, money

2, who gives it value

A: this question is divided into three parts to understand

first, when designing bitcoin, Nakamoto encourages people to use bitcoin as a way of payment and settlement, and then this concept is naturally understood as "currency". But its real role in the beginning is to speed up the priority of data packaging on the chain. You can use bitcoin to let other bitcoin nodes package your data first, that is, to jump the queue

secondly, one proof of the real value of bitcoin is that on May 22, 2010, a programmer exchanged 10000 bitcoins for two pizzas, which are worth $25. Since then, bitcoin has been given real "value.". It opens up another value transmission channel besides traditional coins and precious metals

Third, people are more optimistic than the underlying technology of special currency - blockchain application. Dreams are priceless. They are using the praise of bitcoin to recharge their dreams and pay for their future. At this time, the higher the price of bitcoin, the better their dream. No one wants their dreams to be devalued. So they are the real support to stabilize the price of bitcoin, and their dream is the core value of the price of bitcoin

Fourthly, other swindlers follow suit. Yes, this method is really effective. When people say that, even if you don't know why, you will think bitcoin is valuable, but you don't know why it is

- above. If you have any questions, please leave a message. DFG (Digital finance group) is committed to popularizing blockchain related knowledge, delivering the latest blockchain instry information and sharing interesting stories about blockchain

5. Bitcoin will not be the best currency, or even it is not a currency. What kind of currency is a thing with a cap on the total amount of money can not meet the financial needs of the society.

6. If bitcoin becomes the currency in circulation in the future, it will only implement the function of commodity exchange. If we rely on his expansionary monetary policy to lower interest rates and stimulate consumption and investment, we may achieve GDP income
let's see what others say.