Waking up in the middle of the night, thinking about Bitcoin, the meaning of the existence of decentralized currency

Waking up in the middle of the night and writing down interesting dreams

During the family gathering in Mengli, we talked about digital currency fraud. I think it was the government’s rhetoric.

Relatives and friends were puzzled, saying that it was a huge sum of 400 million.

I smiled and explained that if he bought a decentralized virtual currency, there is no fraud. If he did not forget the key, no one could move his money, although it was just a string of numbers.

Relatives and friends are even more puzzled that a series of numbers is not a scam?

Ask the question, what is money? In ancient times, a silver note and a piece of rotten paper stamped with the seal of a certain firm are money, and with your approval, this piece of paper is money.

The key is why another person agrees with this piece of paper, the account book of the firm! How many coins A and B have traded on a certain day and time.

The decentralized currency actually makes this act, the ledger fully disclosed on the Internet; as long as there is an Internet and a computer, the ledger will always exist, and everyone's computer is a ledger, so it needs to consume a lot of computing power, The more transactions, the more computation.

Unless that person buys a centralized virtual currency, such as Tencent's QQ coins, as long as Tencent declares that you have illegal income, your account number can be reset to zero; or Tencent shuts down the server and shuts down.

There is no such possibility with decentralization, because the public ledger is not what you say alone, and you have to ask for the consent of other people's ledger; the public ledger records that I have 400 million.

The reason why the renminbi is money is as a certain head of state said: the key is the confidence of the people. No confidence, it's just waste paper. If one day 1.4 billion people think that food stamps are more useful, food stamps are more valuable currency.

If 1.4 billion people will use Bitcoin, then the currency issued by the government has no meaning to exist. Everyone uses their own computers or mobile phones to trade virtual currency; is there any use for government currency? So it's just a scam.

Of course, the people's wisdom at this time is still simple and convenient to use RMB. The reason why Bitcoin has soared so much is because more and more people realize its true value, and decentralization cannot be modified without authorization.

During the period, I also laughed at my relatives and friends if they didn't understand what I was saying, Bai Xueyuan was a financial and economical family, and several relatives and friends worked as bank clerks.

It is declared that this is a dream, and it is purely fictional, and any similarity is a coincidence; I hereby record it with excitement and insomnia when I wake up from the dream.