Bitcoin decentralized environmental disaster

1. bitcoin is valuable under certain circumstances, but it is worthless under certain circumstances. Because it's not legal tender. It is impossible for any country to get the right to issue legal tender to use any mining machine. Bitcoin is just a virtual number. While it's still possible to change money, change it quickly! It's too late to wait until it's worthless at the end.

2. This is not necessarily true. After all, it is a digital cryptocurrency, each of which is separate and not stored on the website.

3. For example, I borrow money from you in a village. Normally, if I am afraid that you will not repay the money, I can find an intermediary recognized by everyone, such as the village head as the guarantor, and sign an IOU. In this way, if you default at that time, I can find an intermediary to prove that you really owe me money, But there are two problems: 1. What if the village head finds out that his long lost son colludes with him to cheat you on money? 2. What if the middleman dies on the spot the next day! This is about trust and security. If the method of blockchain is to provide you with the certificate of the whole village (distributed), so that everyone knows about it and the other party can't default on it. Second, even if a small number of people or village heads deny (some nodes commit crimes) that they have lost the IOU or tampered with the content, there will still be others to make the basis

above, explain the two problems of building owners: 1. Decentralization, because the account book records are not centralized in the hands of each participant, and you will get paid if you save and keep accounts. 2. Since I can get rewards by saving and keeping accounts, can I just keep accounts instead of storing them? If you have a mining pool, you can keep accounts for it and store it for you. In this way, you can still get good rewards. There are only a few mining pools in the world, so they are centralized

4. There is little correlation
when bitcoin rose last year, gold also rose,
this year, bitcoin began to fluctuate at a high level,
but gold fell sharply
the trend may be related, but the degree of correlation is small.

5.

Bitcoin falls into & lt; Tug of war;, I don't think bitcoin will be enough in the future; Become a regular & quot

Bitcoin is decentralized, no one can control it, and no country can manage itvirtual currency without sovereignty, which is a challenge to regular currency

bitcoin, as an emerging instry, has attracted many people's attention. If bitcoin can be bought in the whole few years, it must have made a lot of money now. The crazy money making effect of bitcoin has attracted more and more people's attention. Bitcoin falls into & lt; Tug of war;, I don't think bitcoin will be enough in the future; Become a regular;, There is no way to manage bitcoin decentralised countries, and no way to manage bitcoin decentralised countries; Become a regular;, Bitcoin is not affected by monetary policy, and the state has no way to regulate, which affects the development of the country. Bitcoin has no sovereignty; Become a regular & quot; It will challenge the national formal currency

Third, bitcoin is not affected by the national monetary control, which is not concive to the development of the country. The country manages or controls its economy through monetary policy adjustment, but bitcoin is not affected by these factors, which is why it can't & lt; Become a regular & quot; The reason for that

6. In economics, money is a kind of contract, which represents the exchange of ownership and the transfer of value. Contract is the most basic function of money in economics

e-money is a digital form of money. In addition to the contract function, it can be recorded at the same time of transaction. This sum is money and e-money in the sense of economics. Bitcoin not only has the above characteristics, but also creates a new model

first of all, bitcoin is decentralized payment, performing Contractual functions
the second is the bookkeeping function under the condition of decentralization. It can also be divided into two parts. First, record all transactions of bitcoin and form a ledger according to the time sequence. Second, the ledger is saved in each computing node using bitcoin, and the nodes jointly maintain order and information
generally speaking, the two impacts bitcoin brings to traditional currencies are: one is decentralization, which may lead to the transfer of seigniorage; the other is the unique bookkeeping function proposed by bitcoin, which subverts the existing M0 and M2 monetary theories, especially the unique bookkeeping function behind.