Recently, Lang Xianping's attitude towards bitcoin

1. People who study economy and currency understand that anything that shakes the monetary base of a country will be "disposed of". bitcoin itself has neither real value nor credit guarantee (the US dollar has become the world currency because it is backed by the strong US government and 11 aircraft carrier battle groups). Bitcoin also wants to escape the supervision and control of the national machine, From another angle, you are a national currency issuing institution. If someone wants to challenge your position, what will you do?? Bitcoin, speculation is OK. If you really invest it as currency, you have too much money to spend! Unless: the state recognizes bitcoin as a legal currency, and there is a linked security system, or bitcoin will live in the "underground" honestly!

2. As a bitcoin player, after watching this issue of Caijing Lang Yan, I feel that it is necessary to correct Professor Lang's unprofessional knowledge of bitcoin:
1. Bitcoin allocation mechanism:
the mining allocation mechanism of bitcoin is not that 50 out of 10000 people (that is, miners) are divided into 50 bitcoins, but that only one out of 10000 people can get 50 bitcoins
it sounds unfair, but the existence of a mine pool is equivalent to a group of miners digging for bitcoin. If 10000 people form a team, any one of these 10000 people gets 50 bitcoins. According to the team agreement, everyone shares equally according to their contributions. More work pays more, less work pays less. The income from more contribution is more than 0.005, and the income from less contribution is less than 0.005, And as long as there is contribution, no matter how bad the computer is, it will have income (just can't make ends meet), forming a relatively fair distribution mechanism
2. Is bitcoin a currency?
bitcoin, as its English name is bitcoin, has never claimed to be a currency, but a payment system or accounting unit similar to a coin. Now it is meaningless to discuss whether bitcoin is a currency. Currency is a commodity separated from commodities and used as a general equivalent
the development of bitcoin is still in the process of practice, and it is far from being separated from commodities and becomes a fixed general equivalent. If it fails in the fixed experiment, bitcoin is not a currency; If it succeeds, bitcoin will be the historical alternative to legal currency. The good news is that the experiment has a trend of success so far
3. The intrinsic value of bitcoin
in the program, the CEO of bitcoin China couldn't answer the intrinsic value of bitcoin, but used an ambiguous price to refute, even angrily asked if you want 100 bitcoins, and was defeated by Professor Ying. I admire Professor Lang's wisdom, but I also regret that Professor Ying has no relevant computer knowledge and does not understand the intrinsic value of bitcoin
back to the point, what is the intrinsic value of bitcoin
bitcoin itself is worthless. It's just a string of codes, a number for bookkeeping. It's worthless, but the price is outrageous
what is really valuable is the bitcoin protocol! But this agreement is open all over the Internet
for example, there is a price for domain names on the Internet. A good domain name is still very expensive, but the domain name is just a string of characters and has no value. The whole Internet is used arbitrarily. The Internet all over the world uses exactly the same internet protocol. Only on top of the protocol can there be a large number of domain names. However, the internet protocol has become the cornerstone of human information society, on which many high price services are derived
it's amazing that those with value have no price, while those with super high price have no value
to explain the value of bitcoin protocol in one sentence: the honesty of payment between people is entrusted to mathematics and supervised by the whole network
you may not believe the person you trade with, he may cheat you, but you can believe that 1 + 1 is always equal to 2
bitcoin is characterized by decentralization, constant total amount, impossibility of counterfeiting and simplified proceres
4. Bitcoin connection problem
the program repeatedly talked about who is more stupid than bitcoin and who will play the last connection game
when bitcoin was first invented, I don't know if it was for your wealth, but with the development of bitcoin today, people who exchange legal money for bitcoin are really trying to win more wealth. Those who own bitcoin in the early stage earn those who enter the market in the later stage. The people who enter the market now also want to earn money from those who enter the market in the future. Let's imagine that the last one who comes into the game can't make any money if he has bitcoin and has no family. Moreover, the development of bitcoin has been as I said before. We all know the characteristics of bitcoin, but what choices do bitcoin owners have at this time
A. keep holding against inflation - the price of bitcoin is stable at a high level (because no one takes over)
B. throw bitcoin around - the price of bitcoin drops
C. exchange commodities with the merchants who accept bitcoin - the currency of bitcoin
in view of these three situations, let's think again
a. the price is stable at a high level, indicating that there is no large-scale selling, the price of bitcoin is stable, there is no inflation, and wealth is not plundered implicitly, which makes it a general equivalent suitable for money. Because the legal currency will be graally abandoned in devaluation, bitcoin will win completely
B. the price of bitcoin drops sharply. During the slump, there will be countless people waiting for the bottom, because we all know that the agreement of bitcoin is anti inflation, and it is worth preserving compared with legal currency. Therefore, people who didn't have time to buy coins at a low price in the early stage will continue to buy bitcoin until bitcoin drops to the bottom, and the bottom hunters will rush on, eventually making bitcoin a higher price commodity, Become the last runner of the new bitcoin. And this answer is also contrary to the assumption of the last one who came into play before us
C. bitcoin, as a supplement to legal currency, acts as a general equivalent
to sum up, if bitcoin is likely to develop normally, it will go through the process of becoming a supplement to legal currency, and then replace legal currency to become a currency. Of course, this is an extremely long and difficult process, and it may also fail
5. The concept of Chinese aunts in bitcoin
specifically refers to a group of Chinese retail investors who rush to buy gold ring the gold price crash in 2013, because in China, the main consumer group of gold is aunts, who have the capital strength, no relevant knowledge and experience, and the courage to make crazy investment
ring the period of the sharp rise and fall of bitcoin, the concept of Chinese aunt speculation on bitcoin also spread
according to a large number of statistics, 93.6% of bitcoin players are male, and they are 20-40 years old, and most of them have bachelor's degree or above. Of course, quite a few of them have financial strength, no bitcoin related knowledge and experience, and have the courage to make crazy investment. If people with these characteristics are called Chinese aunts, they are indeed a cold joke
according to this concept, the CEO of bitcoin China who argued with Professor Lang in the program also belongs to the group of Chinese aunts.

3. Professor Lang Xianping warned: bitcoin is a complete financial fraud. People should take care of their wallets, cherish their lives and stay away from bitcoin
everyone has his own views on new things, which can not be covered in a word. Everyone has their own theoretical basis, but whether bitcoin is a fraud still needs to be tested in practice. There is no right or wrong point of view, and practice is the only standard for testing truth. Bitcoin is just a small-scale social experiment. However, with the rising tide of bitcoin, many well-known counterfeit coins have been derived, such as Wright coin, dog coin, Ruitai coin, Weimeng coin and so on. However, pyramid schemes under the guise of digital currency are also increasing.

4. Tuberculosis is a chronic infectious disease caused by Mycobacterium tuberculosis, which can invade many organs, especially pulmonary tuberculosis. The important source of infection is the excretor. It is not necessary for human body to be infected with tuberculosis. When the resistance is reced or the cell-mediated allergy is increased, it may cause clinical disease. If timely diagnosis and reasonable treatment can be made, most patients will be cured.

5. Economy is not someone's point of view can be commented on... Lang Xianping can't either.. Lang Xianping just makes data models for financial statements and some specific and real data, gives enterprises strategic ideas and economic strategies that are beneficial to our country and our nation, and also studies laws and policies in various economic fields... To put it bluntly... You learn Learn econometrics and monetary economics, learn relevant laws and policies of the world trade law, accumulate a few years of experience, you can also help enterprises and even countries solve economic problems...
at the same time, it can also bring you some income... The professor I am with now gives me 3000 US dollars a month... I usually do part-time work and earn 30 US dollars an hour... This is learning Economics has brought me short-term benefits..

but in monetary economics... It is just speculation. It is a typical conspiracy theory novel... One of the characteristics of this kind of novel is that it seems to be true in combination with history... In fact, it ignores many important historical background and historical factors... You see, the currency war is at best, it may be so... Oh, yuan There's something like this... Wow, it's amazing, it's amazing... This kind of idea can't bring any benefit to my personal development at all... Instead, it's contributing to publishers, advertisers, transporters, warehouses... And so on...

anyway, it's a pleasure after reading it, but I spent four hours reading this book, which is delaying my income of $120, um... So Professor Peng Youlang is right to ask you not to read this book

6. Wealth is always accompanied by technological innovation and acceptance of fast people, royalists are finally buried. It's Fair for those with high IQ to bully those with low IQ. What's more irritating is that those with low IQ think that they have high IQ and know everything. Conversely, those with high IQ say that you are wrong

7. Paul Samuelson, the winner of the Nobel Prize in economics, once said that economists are not the prodigy of managing the world and helping the people. When economists speak, they always want to get more benefits from each other's pockets
it's all routine. He used to be a journalist who knew how to package himself. He used to think he was a conscientious scholar. Now it seems that he just wanted to be famous, get more voice, and earn more money for his own interests. His character is not good either. He has six wives, and he has infidelity in marriage.
his views are loss of state-owned assets, corruption, institutional maladies and chronic social diseases, In fact, many Chinese people see that influential people hide their talents (inaction), street talk is useless, state-owned enterprises have been criticized for more than ten years, and superstructure is not actively reformed. No one can do anything about it.
when there is a point of view, can there be a solution, neither can he. This is the most important thing. Some arguments are ridiculous. China's 1.3 billion people have been developing for more than ten years, With such a complex national situation, we can't rely on thinking out what we really know and what we can see. Only through pilot projects and practice can we really know. Any reform of state-owned enterprises will affect the interests of more than one billion people. This is the most difficult. Who else will bear the responsibility and who has the courage

8. Now the central bank comes out to control ~ it should take a form! I am still very strong BTC, the future will certainly rise to 10000, up to 10000 is not a dream!