Wondering how Bitcoin became popular

How Bitcoin came into being, the development of mining machines.

Bitcoin is an electronic currency made up of complex computers**, first invented by Satoshi Nakamoto in 2008. Like other national credit currencies, Bitcoin can be used to buy goods and services. Moreover, there is no ** issuer of Bitcoin, anyone can mine and produce through specific software, and can also trade around the world through the network, and all transactions are anonymous and do not leave the identity information of the trader.

As for what it is for, there are many so-called financial experts who will tell you: it is useless! But here's what I want to say:

Bitcoin has all the attributes of a currency. And it will never be inflationary, with the continuous addition of mining machines and the increasing difficulty, the cost he incurs will be higher and higher, and many investors will rush to it, which has once again pushed up its **.

But at the end of the day, Bitcoin is a test case for a decentralized currency. At present, it is not suitable for circulation. For example, Bitcoin has high energy consumption, high transfer costs, and very slow confirmation speed.

High energy consumption is Bitcoin's biggest problem, consuming 39 trillion watts of electricity in 2017, more than any of the 159 countries use!

Now blockchain has entered the application stage. The consumable generation method of Bitcoin will be changed, and the way of digital currency generation in the future must be service-oriented. That is, how many services are provided and how much digital currency is obtained, and the services provided endorse the value of digital currency.

For example, the upcoming Starlight Chain is rewarded through the storage of mining machines, and the use of blockchain shard storage technology can quickly create a huge market value, and the market value belongs to all the miners involved to endorse the digital assets issued by them.

Bitcoin: Also known as "Bitgold", it is a kind of online virtual currency, which netizens can use to buy some virtual items, such as clothes, hats, equipment, etc. in online games, and netizens also use it to buy real items.

Unlike most currencies, Bitcoin does not rely on a specific monetary institution to issue, it is generated by a large number of calculations according to a specific algorithm, and the Bitcoin economy uses a distributed database composed of many nodes in the entire P2P network to confirm and record all transaction behaviors, and uses cryptography to ensure the security of all aspects of currency circulation.

The essence of Bitcoin is actually a bunch of complex algorithms to generate special solutions. A special solution is one of the finite solutions that can be obtained for a system of equations. And each special solution solves the equation and is unique.

To use a banknote metaphor, Bitcoin is the serial number of a banknote, and if you know the serial number on a banknote, you own the banknote. The process of mining is to constantly seek the special solution of this system of equations through a huge amount of computation, and this system of equations is designed to have only 21 million special solutions, so the upper limit of Bitcoin is 21 million.

Bitcoin is similar to Q coin, is a virtual currency, some people think it has value, some people think it doesn't, the key depends on how you look at it, for those investors Bitcoin has always been their sought after object, and for ordinary people Bitcoin has no value in existence.

Bitcoin, which is very popular now, is a virtual currency.

Money is characterized by the fact that there is no corresponding physical commodity corresponding to its value.

Bitcoin is a virtual value that has been completely hyped up by businessmen.

It turned out that when MLM was very popular, MLM dealers said: I will keep passing on a stone.

Bitcoin is like the stone in a distributor.

It is a network virtual digital cryptocurrency, different from all currency issuance, Bitcoin is not issued with a specific currency machine, he is generated through a large number of calculations through a specific algorithm of the computer, the hype is significant, and it is easy to grow**.

It's a virtual currency, and Bitcoin has now become a tool for money laundering. In the past, it was cheaper, but now it seems that the price has risen more.

Bitcoin is a virtual currency, which makes no sense, and it makes no sense to use a specific algorithm to get certain data.

I think the popular Bitcoin is a kind of virtual currency that cheats people in the numbers game

Unlike all currencies, Bitcoin is not issued by a specific monetary institution, it is generated according to a specific algorithm and through a large number of calculations.

Bitcoin is a virtual economic currency, and such a red craze is only temporary and will not last long.

Bitcoin is a virtual cryptocurrency in the form of P2P. Peer-to-peer transmission means a decentralized payment system.

Bitcoin is not generated according to a specific currency, it is generated according to a specific data.

Bitcoin is indeed very popular, but at the end of the day, Bitcoin is a virtual currency!

It is a virtual cryptocurrency in the form of P2P, and peer-to-peer transmission means a decentralized payment system.

Bitcoin is a virtual currency with no real meaning.

A virtual currency that used to be very popular and said to be very valuable, but now it has depreciated.

It is a kind of virtual currency, which is speculated by speculators from all walks of life to gather capital advantages.

Bitcoin is a virtual currency that can be traded.

Bitcoin does not have monetary credit granted by the state, it is not a currency. You can buy items with a piece of paper, which requires everyone to recognize its face value, which is the so-called value, and what is agreed upon is its legitimacy. So I think that whether Bitcoin is ** or not depends on the decree of the state, if the state accepts it, it is legal, if the state is resisting it, it is illegal, absolutely**.

First of all, we have to understand what Bitcoin is, it is an electronic currency created by blockchain technology, and currency, it can be converted from real money to virtual currency, and virtual currency can also be converted into real currency, which is a dual combination of both real and virtual. That is to say, if you treat it as money, it can be used as currency, and if you think of it as not currency, it is just a virtual number, a game. Internationally, cats and dogs are also in the nature of blockchain.

Second, let's take a look at its legitimacy. Its legitimacy is determined by the decisions of each country. To put it bluntly, it is an organization that issues a currency that wants to be recognized by others, can be used, and can be used as an alternative currency, first of all, it needs to be recognized by the law and obtain legal status.

There must be a legal procedure for the birth and use of any kind of currency, and it is illegal to accept a currency that is not recognized. Regardless of what currency it is, at least in China, virtual currency is not getting a legal status. It has not even been recognized in many countries around the world, which shows how much its legitimacy has been restricted.

Of course, it is not excluded that some countries publicly recognize the status and validity of virtual currencies.

According to the conspiracy theories above, everything in the world has its deceptive nature, and its purpose is self-interest. Weave the gamers to shape a beautiful myth and future, and let everyone participate in the process of creating this dream. At the beginning, the use of slots in the Song Dynasty was because he carried a large amount of gold and silver treasures, which was inconvenient to move, so people came up with a so-called convenient payment method, but in fact, he was convenient for you and convenient for himself.

So the people are convenient, the merchants are more convenient, and the counterfeiting is also convenient, so that a large number of slots later became a blank strip and could not be exchanged for real gold. The currency has lost its link to the operation, in fact, it has formed the beginning of the first generation.

Bitcoin is developed by blockchain technology, although Bitcoin is not worth much in nature, but blockchain is a revolutionary technology, based on this technology, Bitcoin has played its due value, especially in the underground payment area. Bitcoin is irreplaceable, so Bitcoin is on fire again.

Only a small number of people say that Bitcoin is a **, because the advantages of Bitcoin are still relatively obvious.

Bitcoin is speculated, and one day the Bitcoin bubble will burst, and investors should invest prudently.

As long as you buy foreign ones, they are **, laughing to death.

Believe what you say, it's too late to regret it.

Bitcoin itself is not, only the use of Bitcoin to commit fraud and criminal acts is.

Bitcoin is an electronic currency generated by open-source P2P software, which is a virtual currency of the network that does not rely on a specific monetary institution to issue it. The law does not explicitly stipulate that Bitcoin is illegal, and according to the principle of legality, Bitcoin is not illegal, but criminals may use Bitcoin to commit crimes.