1 thought on “What exactly is Bitcoin? Can you touch it?”
Carlos
Can Bitcoin touch? What is Bitcoin and why Musk burst into high -profile buying $ 1.5 billion Bitcoin, and you should only eat melon watching. This article will tell you. Bitcoin was made by a person named Nakamoto. No one knows who he is, or who they are. Bitcoin is an encrypted currency of decentralized payment system based on blockchain technology. If you want to know what this sentence means, you must first know what centralization is. For example: You want to find me to borrow five dollars to buy liquor. Because I do n’t trust you, I put the five dollars at the Pharaoh of the neighborhood committee. It is clear that you owe me five dollars. Now you must not be able to rely on it. This is called centralization. This is the truth like various online shopping platforms and banks, but after a long time, the problem comes. Every time I put the money, I start to collect my handling fees, and as the money is more and more, I am afraid of the old king. One day, the mood is not easy to carry the model, no! This centralization is flawed. So I thought about a way to send a account for everyone in our community. Every time you come to me, I will notify everyone to record a account in the ledger. Everyone's ledger has changed. This is called centralization, also called blockchain, also called distributed accounting method. Is this perfect? Nothing! The people in the community are annoying, why do I help you withdraw the book every time? It seems that this is the same. This way, every time in the future, the first person who helps everyone to remember will get a certain number of Bitcoin as a reward. This behavior is the so -called mining, but even if there is a reward, In the final analysis, this Bitter is also fabricated out of thin air. What is the difference between the teacher rewarding a little red flower in school? How can we give it value and make people invest in energy and resources for this? The answer is: set weights, give scarcity and global limit of 21 million, and the output is halved every 4 years. In such a publicity, is it a bit impulsive? You see this number is limited, the production speed is slow, and it is also carried about inflation. How does it look like gold? This is why people who speculate on Bitcoin are willing to confront gold with gold, and Bitcoin may become the world currency, but is it really possible? The functional conditions for currencies in economics 1. Value scale: The value of the product can be manifested as a certain amount of money, just like our current concept of the price of a bottle of water is the first arrival of a bottle of water. The three yuan is ranging, but if we use Bitcoin to trade, the price fluctuations within a few days we cannot use the corresponding goods to pricing. Buy a car? Therefore, his value scale is unstable and obviously does not meet the requirements of the currency. 2. Circulation means: Only currency that can be circulated is valuable, right? If everyone refuses the currency, it is no longer meaningful to pick up the existence value, and the Bitcoin is just in the embarrassing position of some products that can be circulated. The reason why Musk can buy a Bitcoin of 1.5 billion US dollars in high -profile is actually in his hand with a large number of social resources, cars, fans, and so on. Buy 1.5 billion Bitcoin first, and then announce high -profile acceptance to accept Bitcoin as a payment method. This will undoubtedly add confidence to the circulation of Bitcoin. You can buy a car with Bitcoin. The leading effect of Musk's leadership in the US capital market, you can see that Musk's role in retail investors and institutions can be seen that his platform causes the climax of Bitcoin. 3. Storage method is undoubtedly unrealistic for Bitcoin with strong hype, because the uncertainty is too high, and the value of the previous mention is unable to evaluate the value. You will take a day for a day. Is it possible that the property that may have plummeted 18 % is stored in the bottom of the house? 4. Payment methods The replacement of the original centralization by decentralization is undoubtedly a new idea. It lays the foundation for the birth of digital currencies. Efficient trading model is a good thing, but Bitcoin or similar virtual currency transactions can be used for illegal activities. For example The difficulty is several grades higher than that of telecommunications fraud, so his anonymity is also a disadvantage. 5. World Currency Although everyone can obtain everyone, it can correspond to the flood and inflation of the legal currency, but you will find that the total number is limited to 21 million pieces, but now the ones now The trading units have already gone to 0.0001 Bitcoin. He was sealed up, but it can extend unlimitedly. You are sure not to inflation? And I tell you a cruel fact that 98 % of Bitcoin is in the hands of less than 1 %, and the dealer wants to rise when you want to rise. On the other hand, although the encryption technology of Bitcoin makes it unable to be copied and tampered with, its model can be unlimited. There are countless cottage coins on the market. The same, I can also limit the quantity. As long as someone is sitting in the village, I can even fry one a day. Therefore, it is difficult to evaluate the value of these digital currencies without the endorsement of the country, and a thing that can't be seen at all is now fired. You go in and play with the speculation. To put it plainly, you are gambling! Don't hurry getting off the car to eat melon?
Can Bitcoin touch? What is Bitcoin and why Musk burst into high -profile buying $ 1.5 billion Bitcoin, and you should only eat melon watching. This article will tell you.
Bitcoin was made by a person named Nakamoto. No one knows who he is, or who they are.
Bitcoin is an encrypted currency of decentralized payment system based on blockchain technology. If you want to know what this sentence means, you must first know what centralization is. For example: You want to find me to borrow five dollars to buy liquor. Because I do n’t trust you, I put the five dollars at the Pharaoh of the neighborhood committee. It is clear that you owe me five dollars. Now you must not be able to rely on it. This is called centralization. This is the truth like various online shopping platforms and banks, but after a long time, the problem comes. Every time I put the money, I start to collect my handling fees, and as the money is more and more, I am afraid of the old king. One day, the mood is not easy to carry the model, no! This centralization is flawed. So I thought about a way to send a account for everyone in our community. Every time you come to me, I will notify everyone to record a account in the ledger. Everyone's ledger has changed. This is called centralization, also called blockchain, also called distributed accounting method. Is this perfect? Nothing! The people in the community are annoying, why do I help you withdraw the book every time? It seems that this is the same. This way, every time in the future, the first person who helps everyone to remember will get a certain number of Bitcoin as a reward. This behavior is the so -called mining, but even if there is a reward, In the final analysis, this Bitter is also fabricated out of thin air. What is the difference between the teacher rewarding a little red flower in school? How can we give it value and make people invest in energy and resources for this? The answer is: set weights, give scarcity and global limit of 21 million, and the output is halved every 4 years. In such a publicity, is it a bit impulsive? You see this number is limited, the production speed is slow, and it is also carried about inflation. How does it look like gold? This is why people who speculate on Bitcoin are willing to confront gold with gold, and Bitcoin may become the world currency, but is it really possible?
The functional conditions for currencies in economics
1. Value scale: The value of the product can be manifested as a certain amount of money, just like our current concept of the price of a bottle of water is the first arrival of a bottle of water. The three yuan is ranging, but if we use Bitcoin to trade, the price fluctuations within a few days we cannot use the corresponding goods to pricing. Buy a car? Therefore, his value scale is unstable and obviously does not meet the requirements of the currency.
2. Circulation means: Only currency that can be circulated is valuable, right? If everyone refuses the currency, it is no longer meaningful to pick up the existence value, and the Bitcoin is just in the embarrassing position of some products that can be circulated. The reason why Musk can buy a Bitcoin of 1.5 billion US dollars in high -profile is actually in his hand with a large number of social resources, cars, fans, and so on. Buy 1.5 billion Bitcoin first, and then announce high -profile acceptance to accept Bitcoin as a payment method. This will undoubtedly add confidence to the circulation of Bitcoin. You can buy a car with Bitcoin. The leading effect of Musk's leadership in the US capital market, you can see that Musk's role in retail investors and institutions can be seen that his platform causes the climax of Bitcoin.
3. Storage method
is undoubtedly unrealistic for Bitcoin with strong hype, because the uncertainty is too high, and the value of the previous mention is unable to evaluate the value. You will take a day for a day. Is it possible that the property that may have plummeted 18 % is stored in the bottom of the house?
4. Payment methods
The replacement of the original centralization by decentralization is undoubtedly a new idea. It lays the foundation for the birth of digital currencies. Efficient trading model is a good thing, but Bitcoin or similar virtual currency transactions can be used for illegal activities. For example The difficulty is several grades higher than that of telecommunications fraud, so his anonymity is also a disadvantage.
5. World Currency
Although everyone can obtain everyone, it can correspond to the flood and inflation of the legal currency, but you will find that the total number is limited to 21 million pieces, but now the ones now The trading units have already gone to 0.0001 Bitcoin. He was sealed up, but it can extend unlimitedly. You are sure not to inflation? And I tell you a cruel fact that 98 % of Bitcoin is in the hands of less than 1 %, and the dealer wants to rise when you want to rise. On the other hand, although the encryption technology of Bitcoin makes it unable to be copied and tampered with, its model can be unlimited. There are countless cottage coins on the market. The same, I can also limit the quantity. As long as someone is sitting in the village, I can even fry one a day. Therefore, it is difficult to evaluate the value of these digital currencies without the endorsement of the country, and a thing that can't be seen at all is now fired. You go in and play with the speculation. To put it plainly, you are gambling! Don't hurry getting off the car to eat melon?