A word from a family about digital currency

Not long ago, an old neighbor asked me for a bank account, and after repeated inquiries, he said he wanted to make a payment and expressed his gratitude.

The reason is very simple. More than two years ago, we lived in the same apartment building. Because we met frequently, we would talk about some topics. The hottest topic at that time was undoubtedly the currency circle, and almost everyone around him became a currency slave. Actively invest in the great cause of currency speculation with longing. I have never participated in digital currency transactions, and I will not participate in any of their comments. But as time goes by, it will inevitably be talked about. With my character, of course, I won't have any covert comments on this matter and currency speculation. He was extremely uncomfortable after listening to it. But maybe he figured out something, and he specifically talked to me about more content. After the talk, he emptied his account and ended the behavior of speculating on coins. This amount was a thank you fee to me, and after two years, he understood that what he did at that time was correct.

In the end, I didn't give him the account, and deserved it, first, I said the same thing to anyone if I wanted to, and second, I never thought I was necessarily right. The reason why he was able to avoid losses is that he made the right choice.

It's yin and yang, I live in the rich pile, the neighbors buy tens of hundreds of coins, and they don't care if they lose it. The hotness of this thing can attract crazy investment from all walks of life. It has aroused my curiosity, of course, just to study it, because my consistent cognition is warning me not to touch it.

The history of Bitcoin is actually not unfamiliar to me. I forgot which year, when the internet speed was still in the age of snails, there was a mining program. I forgot the specific coin. I also ran one in the lower right corner of my computer. In those days, no one knew what it was used for, but I mined coins one after another without taking up too much computer resources. This is my deepest impression of the mining applet. Later, Bitcoin appeared, and many websites began to have a capital B icon, but not many people would care about it. Even, I can't even remember whether I dug at the time, but I remember one thing very clearly. A PC with average performance can mine almost one coin a day. It was known very early on that there were 21,000,000 of them. But never thought that one day, it would become sky-high.

Bitcoin also has a dark history. At first, no one cared about this little thing. Since it was named a coin, of course, I wanted it to be used as a currency. Therefore, someone paid a fast food fee with Bitcoin. 10,000 bitcoins complete the transaction. The initial application of Bitcoin is like this. Due to the low difficulty of mining bitcoins in the early stage, many have accumulated a large amount of coins but have not found suitable uses. However, due to their concealment and reliability, they have gradually gained a firm foothold in the world.

The day of Bitcoin's take-off has finally come. The time has come to 2016. The price of Bitcoin seems to have added a booster, and it has soared all the way. Two years later, it rose to 15,000. Those who pay attention will find that this is the end of China's accession to the WTO. In the same two years, China's foreign exchange reserves dropped from 43 trillion to 280 billion. Except for the funds occupied by foreign companies, there is almost no money to use. It was during the same period that China began the application of blockchain technology at the national level. Therefore, next to the power plants in the middle and upper reaches of the Yangtze River, there are countless mining factories, mining digital coins. China's mining computing power has reached 80% of the world's.

The reason why Bitcoin has taken off is that its anonymity provides the greatest convenience for black gold laundering and large-scale transfers. And the mining factories all over the mountains and plains undoubtedly want to use this thing to create new wealth-making tools on the global Internet.

I often describe Bitcoin as a political currency. The more chaotic the politics and the laxer the regulation, the more valuable it will be. The trend in recent years also confirms this invisibly. The higher the value, the larger the scale of funds that are using it, and most of them are unknown and unknown. For example, when the epidemic is the worst, its value is the highest.

The madness of Bitcoin has attracted too many jealous rich people. Just with the support of the policy, countless and various coins have appeared. The lessons of Bitcoin no longer strictly limit the attributes of digital currency, leaving room for action. It should be noted that the mining factories all over the mountains and plains are not mining pure bitcoins, but these things. You thought that there were new coins, but you didn't know that someone had already held hundreds of millions of them, waiting for people to recharge them. Crowds of salesmen appeared, and the salesmen who sold the goods all turned into counter salesmen. The currency circle is formed.

Everyone has the dream of bitcoin, but I am sure that there will never be a second kind of bitcoin, because bitcoin is strictly non-reproducible and non-reproducible, and its developers did not for the purpose of generating income. If you get rich because of Bitcoin, you should have no intention of creating wealth. Today's currency circle is all intentional to create wealth, and there is no possibility of success at all. Those who understand the economy have long called the currency circle a game of cutting leeks.

As the main force in the currency circle, China's politics determine the direction of the entire currency circle. After the sharp decline in foreign exchange, I had no choice but to start managing funds, focusing on foreign exchange. As a result, Bitcoin quickly fell by 80%. At that time, Chinese banks had new regulations almost every day. State-owned enterprises and central enterprises also began to sell at a low price on a large scale and borrowed a lot of money back and forth, and foreign groups and institutions related to them made a lot of money. The Hong Kong channel was blocked, and underground banks disappeared on a large scale.

When the epidemic began, politics finally began to be further chaotic. The capital, which was still swaying from side to side, finally made up its mind. Taking advantage of the momentum of blockchain development, it embarked on the road of escape. Bitcoin has soared twentyfold in more than a year. Moreover, the excessive development of the currency circle finally made China shut down this ridiculous move. I originally wanted to cut the leeks in the world, but in the end, I found out that the victims were all Chinese, a group of people who most eager to get rich overnight. Of course, regions that are closely linked to China's economy and are geographically adjacent have also become victims. Today's currency circle, the main force, is the entire East and South Asia. If you carefully check the background of the world's major exchanges, I believe you will also understand.

I remember that I told my neighbor two years ago that this farce could not last, and we should stop it as soon as possible. Sure enough, in less than a year, Huobi was finished, and transactions between Binance and Chinese customers began to have large-scale problems. After that, Bitcoin price slid down the valley again.

So has the currency circle really become a complete scam? Of course not, I said when talking about value, as long as enough people agree with its value, are willing to invest in it, and last long enough, it will begin to have indelible value. For digital currency, several conditions must be met, the issuance is reliable, uncontrollable, and the quantity is constant. It is possible to make people willing to invest in it, or to give it other attributes of use. In this way, the vast majority of the currency circle is inconsistent. It's just the difference in its lifespan. Ethereum has a total of 100 million, but it is not capped. It can grow in the next year, no more than 25%. Too outrageous. For other currencies, check it yourself. . . .