Bitcoin fans develop into a political force




However, after Bitcoin's strong rebound broke through the $50,000 mark, the biggest risk facing the cryptocurrency market in the future is still regulatory issues.

If an organization composed of Bitcoin fans develops into a political force, I think that bringing new vitality and growth space to digital currency is also an important opportunity for the wider application of Bitcoin. I am looking forward to it. I even think this is a historic step. Imagine that if Bitcoin forum members (consensus) can form a community organization, will they be able to run for the president of the United States? If you want to be more exaggerated, a virtual sovereign state appears on the Internet. Just like in online games, you can even find a girlfriend, which feels amazing.

I did change my signature, just to try how to do it. After the operation, I forgot about it. I didn't reply to the post or fill out the application form. It has been deleted now. I master Chinese as a foreign language, and I am familiar with Hong Kong, which is not surprising. China is not a monster. I think that it is not questionable to treat a country or a thing objectively, and we cannot deny the development of China. Bitcoin forums are not only non-discriminatory, but also very inclusive. I used to study in China, and the food and beauty of China are really good. I don't talk about politics, and I don't participate in politics. This is my opinion.

There are too many scams. If I have to find a way, my choice may be to look at the rankings, choose the top 10 or follow the gray investment direction and make a fixed investment.

The Olympic spirit reflects the development of human civilization from one aspect, as well as the consensus on the concept of truth, goodness and beauty and harmonious development---faster, higher, and stronger.

The consensus I understand is the spirit or order that everyone is willing to abide by.

For every sovereign country in the world, the consensus is how to achieve the balance of interests of each country, rather than power politics like the United States. A large part of the United States' power comes from the currency hegemony of the US dollar. The key to solving this problem is to rebuild the trust mechanism. Therefore, the essential meaning of consensus is how to establish a global trust system.


Human desire is entropy increase, and human reason is entropy decrease.

Bitcoin is a powerful external force that generates consensus. It is a great attempt to solve the power center, hegemony center, economic center, and technology center. This is a transition from a human trust system to a trust system based on algorithms and technology (smart contracts).


This consensus is a clear, reasonable, and impeccable logic. The ultimate goal of the consensus is decentralization, efficiency, and security, which is a more stable iron triangle.

I didn't pay too much attention to the specific situation of Kun's merit, just read his latest article.

No matter how many merits he has gained, but after seeing these valuable articles, he recommends. The key is the value of the article, not the number of merits.

There are many such posts on the forum. What I want to say is, forget your merits, the more you want to get it, your performance will be obvious, and sometimes it will be clumsy. Let the flow take its course, do your own thing, and keep learning. Mindset, take a look at the posts in the novice section: Reading is greater than replying.

This requires the U.S. to reduce its trade deficit and even its trade surplus to maintain the stability and strength of the U.S. dollar. Only in this way can the world's confidence in U.S. dollar convertible gold be maintained.
So the problem of whether to control the trade deficit arises.
The Triffin Dilemma shows that the currency of any sovereign country cannot be used as an international solvency monetary system.

The Triffin problem is not complicated. The main contradiction is the transformation of the United States from the largest creditor nation during World War II to the largest debtor nation.

The Triffin Dilemma shows that the currency of any sovereign country cannot be used as an international solvency monetary system.

Bitcoin relies on the underlying technology of the blockchain, immutable, irreversible, decentralized distributed accounting and other advantages, plus the characteristics of Bitcoin.

1. Stable value

2. Rule-based issuance

3. Controllable supply schedule

As Bitcoin gains more users, more people learn about cryptocurrency, use cryptocurrency to trade, and bridge the gulf of thinking of currency as an effective means of payment. Bitcoin is getting closer and closer to its status as a world reserve tool. . This tool has great potential and can really solve the long-standing Triffin dilemma. It is only a matter of time. This is the basic function and meaning of Bitcoin.

I don't quite understand why some people give Bitcoin too much responsibility. Bitcoin has only 12 years of development, so why give it too much responsibility? Wikipedia is a database, all-inclusive. Bitcoin is Bitcoin. If you let me introduce it in one sentence, Bitcoin is a currency without borders, which is convenient and fast, and transfers quickly. As for the others, it is our desire to make it better. Or I am too realistic to see the future development space of Bitcoin.

User: RainbowKun
Post:246
Activity: 56
Merit: 208

In the past month or so, the name Rainbowkun has appeared in my sight frequently, and it is almost impossible to miss him. It feels difficult to read from the beginning (text wall), but the article is written in depth and can see Rainbowkun's positive attitude and rich knowledge reserves. After calming down and reading it carefully, it seemed to open up my imagination, and I felt a little sublimated in my mind.




Possible posts for sending merits:

1.What’s the nature of currency?

2.What is Bit Civilization?

3.What’s consensus?

4.Why is Bitcoin in the highest level of trust?

Thank you for your first reply. I did omit some of the details of the story. I believe everyone’s imagination is the same.

What I want to express is that the application scenarios of Bitcoin are becoming more and more widespread, and Bitcoin is more popular. To be an exaggeration, in today's era, Bitcoin has a historical mission, because this era needs to change, whether it is the economy or the environment.

My ideals may not be realistic. Humans are developing too fast and need to stop and think instead of simply considering material needs. When selfish desire is not in the mainstream, when material (money) is no longer a desperate pursuit, it does not matter whether it is for the individual or the country. The Bitcoin era needs time to verify.

This story happened in a "red" country. I saw this post by accident and I will share it with you now. The picture is the original (a new wedding blessing to ex-girlfriend)




This love story was once on the hot search list. The love story of two people has a very simple plot. Love was defeated by reality. At first, the two people's insistence on Bitcoin finally did not pass the test of time. The girl chose the rich. The Bitcoin mentioned in the letter is properly screened. Now many boys and girls are expected to search for what "bitcoin" is!

In fact, the luckiest thing in this story may be that the male protagonist’s Bitcoins were not sold or lost. Otherwise, facing the newly married ex-girlfriend today, I am afraid that some of them are not the headlines "blessings", but envy and hatred.

In fact, many people think that this is a very perfect marketing event, which has increased the exposure of Bitcoin, but in this respect, it is a very good and interesting thing. Faced with online doubts, the parties made a true response. Proof is not hype.

Although this ending is regrettable, it is also warm. The downturn in the currency market brings not only entertainment, but also thinking about love and the torture of Bitcoin beliefs.

This story actually brings us a lot of thinking.

• Bitcoin needs more people to recharge their beliefs. This process may be difficult. A very interesting sentence can show that holding Bitcoin is more difficult than Widowhood.
• Bitcoin is still relatively small in the face of the legal currency of sovereign countries around the world. The disadvantages of legal currency are more and more, and the advantages of Bitcoin are becoming more and more obvious.
• Bitcoin is not a speculative asset. The amount of wealth depends on your knowledge and persistence of Bitcoin. Wealth gained through Bitcoin's volatility will eventually lose to one's own fragile mentality.
• The suspicion of Bitcoin needs more application scenarios to automatically overturn it. This requires the help of everyone. There are many people who don’t know Bitcoin and those who are afraid of Bitcoin.

In addition to this glass-like love story, there are also many happy moments.



In the end, I wish all Bitcoin believers and long-term Bitcoin investors, love is like honey, a smooth career, and a happy family. I will also wish myself. The most important thing is that I will grow up with Bitcoin, the dawn of victory will shine on the top of the world, and I will also be grateful that I am fortunate to live in this new Bitcoin era.

This situation has become a common phenomenon, and there have been many cases in which institutional investment has been used to achieve low buys and highs.

Because many investment institutions realize that more and more industries are planning to accept Bitcoin as a new payment method, which will further increase the demand for Bitcoin. In addition, as global central banks continue to increase monetary easing and countries continue to increase the scale of fiscal stimulus plans, more and more investment institutions use Bitcoin as a new tool to fight inflation.


The biggest capital drivers of Bitcoin's surge are mainly Wall Street hedge funds and family offices. Their investment logic is that the supply of Bitcoin is limited (the supply is halved every four years)

Therefore, we have a clear understanding that following the whales (institutions, families) is only temporary, with only one purpose, to obtain the desired profit. My opinion is to hold it for a long time. Don't follow blindly. It is likely to be a bottomless pit.

Bitcoin has a long way to become a world currency. What I want to say is that this thing will succeed. It is only a matter of time, not that Bitcoin may become a world currency.

There are three reasons why Bitcoin cannot become the world's currency.

• Bitcoin does not have a value foundation. If one is not chosen, it may be the power resource needed for Bitcoin mining, but also a kind of energy.
• The violent fluctuations in the price of Bitcoin do not have the properties of the stability of the world currency.
• Bitcoin lacks the support of sovereign currencies. At present, a few small countries, or third world countries, have successively legalized Bitcoin, such as Ukraine and El Salvador.
  

Bitcoin creates a freely flowing and unregulated currency around the world. It uses the Internet to perform traditional currency functions and solves the problem of "transmitting value across time and space". What Bitcoin creates is the essential requirement of the world currency (global trust system, unconditional trust). This is the core. I firmly believe that Bitcoin will succeed.

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The picture comes from the Internet. I find it very interesting and convenient.

From the Internet of Information to the Internet of Value, Bitcoin is a powerful promoter.

Blockchain is known as the core key technology driving the Internet revolution. It has two characteristics that cannot be ignored: First, decentralization. When people do not know each other, point and point, end and end, blockchain technology can build trust, save costs, and improve efficiency. The second is that the blockchain will not be forged, and the information is highly transparent.

After Bitcoin completed a great attempt, the technology was defined as a blockchain.

Bitcoin relies on the Internet to perfectly carry out value transmission instead of pure information transmission. We can call this process a P2P contract. This kind of contract is based on unconditional trust, so it can be endorsed by the trust of a third party (sovereign currency).

Bitcoin will bring us into the era of value Internet. In the era of value Internet, the exchange cost of value is lower and the flow is more convenient. It will greatly change the existing business model and the lifestyle of each of us. This is a great change.

I believe in Einstein's theory of relativity. I support Bitcoin, but I do not agree with your point of view. There is no absolute uncontrollable, but the cost of controlling Bitcoin is too high and there is no benefit available.

Any amount of Bitcoin can be paid and received instantly anytime and anywhere. No bank holidays, no borders, no imposed restrictions, no amount restrictions, and no transaction time restrictions. Bitcoin allows its users to fully control their funds. Every user cannot control other people's accounts. I think this should be a reasonable explanation that Bitcoin cannot be controlled.

Another feature of Bitcoin is that everyone can be the owner of their own assets, or they can protect their own funds through backup and encryption, which is not possible with fiat currencies. This view is that Bitcoin is a digital currency that cannot be controlled by humans, rather than the only thing that humans cannot control.

I am very happy to join your crypto castle. Maybe my cognition has not reached a very high level. After reading your post, congratulations on getting such a high achievement in a short time. This is my small goal, of course I may have to pay More time and effort. Now I want to know what silly hat you will give me.


Picture quoted from the Internet

I also hold some altcoins, because I think there are some good altcoins that are extensions of Bitcoin applications and enrich the crypto world. I pay more attention to the fields of DEFI and DAO.

But I will hold Bitcoin for a long time. Altcoins may aim to earn some pocket money through market volatility, such as Ethereum and Polkadot. The reason for choosing them is the trust and recognition of the founder.

Bitcoin has no commodity market.Bitcoin is not a commodity. This is an advantage over the Bretton Woods system, but one of the characteristics of Bitcoin is that there is no commodity transaction, or that Bitcoin does not have the value anchoring required by the market. At this time, Bitcoin has become a financial speculation product for many speculators (Musk) or institutions. This is a very bad thing.

Bitcoin's replacement of the US dollar as the world's reserve currency is a lofty goal, and the road is long and tortuous.



The large-scale spread of the new crown virus around the world is bound to bring downward pressure on economic development. In fact, it has stimulated the development of Bitcoin to some extent. Since the collapse of the Bretton Woods system and the decoupling of the U.S. dollar from gold, these are the needs of the development of the times. Bitcoin will eventually become the world's currency. Bitcoin is scarce, unchangeable and has nothing to do with politics. By the way, I hate politicians.

No matter whether it is a mobile phone or a computer, we all know that there must be a system first, and then various APP applications can be developed in the system.

But this is not the case with blockchain and bitcoin. The first bitcoin was born in 2009. In 2015, six years later, the concept of blockchain became available.

Before the concept of blockchain was invented, people used bitcoin (lowercase b) to represent bitcoin, and Bitcoin (uppercase B) to represent its underlying technology, which is what we are talking about now.

In fact, I don’t care about the order of Bitcoin and blockchain. What I care about is the mature future of Bitcoin. Bitcoin will no longer be questioned, criticized, perished, exaggerated, or exaggerated. Ignore, no longer be called a scam, etc.

1.For believers like me, I hope that Bitcoin will rise in twists and turns, and the price will tend to balance, and become the world's super-sovereign currency.

2.For people like Musk, the greater the volatility of Bitcoin, the better. They can use their speech to cause panic and make more money.

3.For speculators, it is hoped that Bitcoin will rise and fall at will according to their wishes. In the end, they are all small sheep waiting to be slaughtered.

4.For the exchange, the most optimistic is that the number of participants is large, the transaction frequency is high, and they can work hard to make money on new projects.

5.For those who did not participate, the most optimistic result was that someone developed an elliptic curve password cracking formula, and then Bitcoin plummeted and they quickly proved how wise they were not to participate.

I personally think that the optimistic result is that Bitcoin has entered a mature stage without skyrocketing or falling. I hope this is the arrival of a new generation, and I am looking forward to it.