The issue and circulation of the currency, the metallic currency, the paper currency and the electronic money cannot be separated from a system of high unity and long-term stability. Although the current economic globalization is very close, there are still many areas of interest and friction, and the interests of all countries are complicated. In addition to the competition of the economic level, the political difference cannot be highly unified.
First of all, the block chain is not equal to bitcoin. Yes, block chain technology is derived for bitcoin service, but block chain is only an algorithm, and there is no flow function!
Bitcoin is a virtual currency with a limited number that will be permanently limited to about 21 million. The concept of Bitcoin was first put forward by Nakamoto on November 1, 2008 and was officially born on January 3, 2009. Compared with legal tender, Bitcoin does not have a centralized issuer, but is generated by the calculation of network nodes. Anyone may be involved in the manufacture of Bitcoin, and can be circulated around the world, can be bought and sold on any computer connected to the Internet, no matter where, anyone can mine, buy, sell or collect Bitcoin, and in the course of the transaction, outsiders can not identify the user's identity letter. Interest Bitcoin, which is not controlled by the central bank or any financial institution, was born.
Bitcoin flow is very poor, and eventually become a tool for money hype! Why? what do you say? We first from the definition of currency, birth, development to analyze the most clear! Currency: (1) items generally accepted for the payment of goods and services and the payment of debts; (2) goods that act as a medium of exchange, value, storage, price standards and deferred payment standards; (3) excess supply or demand will lead to excess demand for other assets or supply assets; (4) temporary shelter of purchasing power; (5) current assets that do not need to pay interest as net wealth of the public; (6) the largest liquid assets related to national income, etc.
Whether it is from the issue of the subject, the economic factor, the geo-politics, or the regulation, its liquidity cannot be the general circulation currency, it can't replace the low order of the general circulation currency, and finally become the tool of the capital speculation for money, One, but the last stick of the bubble burst, would be a chicken, more serious than a disaster. Of course, the original intention of bitcoin is to make the world more closely linked together, and eventually become a currency of circulation in the world. But the vision is too advanced to be realized, unless the earth becomes a global village without the concept of a country!
Block chain is a new application mode of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism and encryption algorithm. In the narrow sense, block chain is a chain-type data structure which is combined in the order of time to form a chain-type data structure and is guaranteed in a cryptographically way. in a broad sense, block chain technique is to use a block chain data structure to verify and store data, to generate and update data using a distributed node consensus algorithm, to secure data transmission and access in a cryptographically secure way, to utilize smart contracts made up of automated script code, A new distributed infrastructure and computing approach for programming and operating data.
（Picture Source：Sogou）
In a nutshell, one of the most basic features is one: the currency is of value; two: the currency has a storage function; and three: the currency has a circulation function. The development of money: natural hebei, metallic currency, paper money, electronic money. And the digital currency, not yet officially issued! The earliest currency is: natural sea-and-be. With the development of the technology of the times, the currency is constantly changing, and if it is judged in strict accordance with the three functions of the currency, the surplus metal currency can be called the currency. Because the metal currency has the function of value and saving, and the paper money and the electronic money only have the circulation function. In spite of the evolution of the currency, gold is a global The role of the "reserve currency" has never been shaken.
Although Bitcoin cannot become the common currency of the world, as a pioneer and exploration of digital money, its collateral technology—the role of blocks in providing a technological base for the current issuance of digital money—is indelible. When the block chain rose to China's national strategic technology at the end of October, it also facilitated the fourth industrial revolution process in China.
After the block chain rose to the national strategic technology in the late October, the concept of block chain raised a wave of speculation, and the bitcoin is also going to rise! Many investors also closely link the block chain and the bitcoin, and it's a bit of a bit for bitcoin. So, why is bitcoin the bggest "Pyramid scheme" in the 21st century?
