The success of Bitcoin only depends on the failure of fiat currency, and the Russian-Ukrainian crisis has accelerated the process of this failure. I really witnessed the centralization collapse of safe assets this time, and the money of smart people will speed up. Bitcoin Enter the big bull market.

Suddenly I don't want to watch Switzerland's next performance, I feel so sad.
When Switzerland chose not to be neutral, the centralized financial system collapsed

If Bitcoin can fulfill the function of bearing USD + gold, it is still seriously undervalued

There is no reason to come back, and no reason to disappear. The decentralized spirit does not mean that people disappear, unless life is in danger.

This situation has always existed. On the one hand, it is the temptation of huge returns from the project team, and on the other hand, people’s ridiculous perceptions are the reasons for this phenomenon. Money laundering is not a patent of digital currency, nor is it a product of the era of digital currency. This should be analyzed objectively.

Should the post say that Is the crypto hype over?
After more than two months of downward adjustment, many whales have been silently hunting the bottom. Many investment institutions have been buying. The impact of China's closure of mines has also passed. The US government's supervision is only minor supervision. The recent rebound has shown that the market is full of vitality and a new bull market should be on the way.

Firstly the new bill may take into account the huge tax revenue .The relevant provisions in the bill may not be completely abolished. Therefore, they will focus on making small improvements as much as possible.
Secondly this bill  may push a large number of participants, companies and individuals involved in the encryption field to go overseas, which will really stifle innovation in the U.S. encryption field.

India’s demand for cryptocurrencies is because of the need to reduce remittance fees, and high transaction costs have forced Indians to find other ways.Since the beginning of the coronavirus pandemic, the price of the Indian rupee has fallen by about 7%. Indians need a more stable currency to store value。As the advantages of cryptocurrency in payment and stability become more and more obvious, more countries will definitely adopt cryptocurrency for payment.

Whether it is the Bretton Woods system or the Jamaican currency system, history has proven that the sovereign currency of any country cannot become a world currency or a super-sovereign currency.

I have a few questions:

First, what is the nature of world currency? The essence of the world currency or the world currency system is an open, fair and perfect trust system, which is the same between people and countries.

Second, what is the meaning or purpose of world currency? The meaning and purpose of the world currency is to balance the interests of countries. The country cannot die. Don’t test human nature. If you get the answer, it’s imbalance. If the country’s desires are not realized, there will be wars, economic crises. U.S. dollar is a realistic example. All the activities of the U.S. government are for the U.S. dollar.

Third, whose hands should the world currency be in? (Sovereign countries are also controlled by individuals or teams)No sovereign country’s currency can become the world’s currency. This is a law, because all countries will take self-interest as the fundamental starting point. Don’t question it, just like what the President of the United States said.

The essence and premise of currency is trust, so how to rebuild a new trust system?

Bitcoin perfectly explains how to rebuild trust, a decentralized, peer-to-peer electronic cash payment system, an open, transparent, non-tamperable, irreversible, and distributed accounting method. These are the basis for building trust, which is the Bitcoin consensus.

Despite the difficulties now, the long road is long. But under the premise that the Bitcoin Forum and the global consensus are getting stronger, this day will come and Triffin’s dilemma will be broken.

There is only one reason. Bitcoin gives us a super strong certificate of trust, without the approval of any sovereign state or institution.

Give the author an opinion. What is the purpose of your frequent posting? I don’t feel like you are simply stating your point of view, for the sake of merit or to become a legend? However, I still hope you bring some valuable posts.

I respect everyone (lovesmayfamilis, LoyceV), because as a novice, they give me confidence and a sense of accomplishment. I am really stating the facts, not representing personal feelings, and simply expressing my own opinions. I will only stand in what I think On the right side, and my purpose is not to have a heated debate with you, my purpose is only one, the forum is getting better and better. I don't agree with what you said, these are all my ideas, no doubt. It is normal for this author (scarlett7777) to be banned. What is abnormal is the one-size-fits-all approach of the forum. Poker Player's views are personal and emotional, not objective, and I will not say that what you are talking about is nonsense.

Up to now, in all the replies, there are three women, lovesmayfamilis, mk4, and finally I personally feel that the author is also a woman. The inspiration I got is that you really take everything seriously. But it is undeniable that what the author said and quoted really caused many young people to leave the Bitcoin forum. I think we should face it positively. Because newcomers do not have the habit of forums, the old members and high-level members of the forum who have merits are not policemen, nor do they have to play the role of judges.

Outside of any rules or laws, there is warmth. Don’t let newcomers not feel the love of the Bitcoin forum, rather than cold arguments. Secondly, I also found that the forum has gangs, such aslovesmayfamilis，LoyceV。

They seem to be a gang. I agree with their job responsibilities, but I am not optimistic that a Bitcoin forum is divided into many gangs. Bitcoin is decentralized. I think Bitcoin forums should be more free.

One more thing I want to say is that unintentional plagiarism, or well-intentioned plagiarism, does not bring any harm to readers. My reason is that plagiarism does not mean cheating, lying, or creating rumors. At most, the problem lies in disrespect for the author of the original article, but in the Internet information age, we have not yet developed that all speeches have clear copyright.

I think that for novices’ unintentional plagiarism, we can remind or give a warning and let the author indicate the source. I think this is our responsibility. In other words, a forum user manual will be automatically pushed after successful registration of the forum.

It’s okay to ban the author’s account. I don’t think this is the point of the whole thing. The point is how the Bitcoin forum can do better.

The wallet of a centralized exchange can be frozen, so the bitcoins in the wallet will also be frozen.

However, because of the anonymity of the blockchain and the characteristics of distributed accounting, the Bitcoin of the cold wallet cannot be frozen unless someone else uses illegal means to force you to surrender your private key.

Why is there a Bitcoin slogan: Your money is your money. Bitcoin makes us truly masters and free.

I feel that what you are talking about is the nature of the problem. Bitcoin is not worried about competition. Now the European Union or China is actively developing digital currencies. Their goals or official ideas are also obvious. Of course, the reasons sound very good.


What I want to ask is whether the land of fiat currencies among countries will compete with the land of digital currencies. Will there be a settlement system with a digital dollar as the core?

Regardless of development, as long as the digital currency issued by sovereign countries or regional organizations is centralized, or half of it is centralized, it has already broken away from the essence of the blockchain, and a perfect trust system cannot be established. This is the key, so it actually provides an accelerator for the development of Bitcoin.

The operating idea of ​​the blockchain system is to replace traditional solutions with payment infrastructure with a higher level of security and efficiency. At present, major mainstream practitioners seem to have to face "either adapt or die."

The overall development trend can be said from four aspects:

• Decentralized features, no need to rely on a third party, transaction Sudujia is fast
• As a representative of the blockchain, Bitcoin has a higher safety factor and more and more application scenarios.
• Cross-border transactions can effectively evade the SWIFT settlement system. As a sovereign country, it can avoid US economic sanctions and hegemony threats
• The key factor is lower transaction costs, and future transactions will be faster without waiting.

I am very confident that blockchain and Bitcoin will replace the existing banking system in the future. The unfriendly policies of many countries also fully demonstrate that their interests are threatened, but the development of the times is unstoppable.

In another way, if I were an outsider, I might have the following thoughts to doubt and slander Bitcoin.

• Bitcoin is founded by a man full of mystery-Satoshi Nakamoto, this kind of non-publicity does not have a sufficient basis for trust. More people believe in fiat currencies backed by trust.
• Quote
  Professor Robert Shearer believes that people are "temporary enthusiasm for Bitcoin." However, he does not doubt that investors will reap profits in the process.
  Nobel laureate in economics Robert Shiller-------The guidance of credible figures and public opinion will make more people not believe in Bitcoin.
  
• Bitcoin has become a trading method for some illegal criminal activities, and it is more concealed. Of course, the same is true for legal currency. But the black market and the dark web both like it and represent a kind of evil.
• There are still a few people who hold Bitcoin. In the early days of Bitcoin, only tech geeks or cypherpunks were active. It is difficult for ordinary people to understand the operation principle of Bitcoin for obscure technologies. For people who slander Bitcoin, not being good at it is tantamount to being false.
• The huge volatility of Bitcoin prices makes people feel that someone is manipulating the market, but Musk actually played a very bad role.
• Some sovereign countries are very unfriendly to the policies of Bitcoin and encrypted digital currencies, and enacting some laws restricting development will make people stop trusting Bitcoin.

If there are others, let me add them. This is my own personal understanding.

Bitcoin has no central authority, no sovereign state control, no CEO, no board of directors, and no holding company. One of the most powerful features of Bitcoin is that its creator is no longer involved in it.

Any change in Bitcoin requires consensus. This is the most important thing. In this sense, the Bitcoin governance model is similar to a perfect democratic system with a self-regulating balance system.

I support your point of view, thank you.

I think the way out for cryptocurrency in the future lies in DAO. Distributed Decentralized Autonomous Organizations (DAOs) are kept running through smart contracts.


First of all, let's sort out a problem, that is, the encryption world is divided into several groups:
1. Project party
2. Miners
3. Investors
4. Community personnel.
5. idle capital。

Now the power of the community does not really play a substantive role. The rights obtained only by the number of coins and the length of time are too few. I personally think that community users cannot participate in real community governance.

Therefore, the innovative feature of the future Canadian currency currency is the innovation of the community-the community has full autonomy

Today, I saw a post written by ratimov, topic: brief history of bitcoin ad option. I feel deeply and want to share it with more friends.

If you read the following carefully, you will find that most of the replies are heroes and legendary members, and you will find out why they can succeed. The links are as follows:

https://bitcointalk.org/index.php?topic=5349377.0

My inspiration is as follows:

• Membership level has nothing to do with authority. No matter whether you are a hero or a legendary member, the wrong expression of opinions will be seriously pointed out and discussed. In fact, new people and senior members are equal. In the forum, some are just sincere to help others, and don't become an obstacle for you to express your opinions bravely because of the level problem.
  
• If you want to become a senior member, don't think about the shortcut. What you can get here is selfless knowledge sharing and time accumulation. Don't take chances. The success of a senior member is the result of knowledge precipitation. A lot of reading and quoting have been obvious.
  
• Actively participate in the discussion, but not to do some mindless expression. The topics and opinions here must be highly rigorous and justified. Don't express yourself as you wish. Topics without search, learning or thinking will be considered boring.
  
• Take everyone who replies to you seriously, and don't turn a blind eye to the people who help you. The real strong will not escape, but accept others' opinions with an open mind and enrich their own views and knowledge.
  

This is a summary after I read it carefully. I hope it can help you. Thank you.

As a newcomer, I don't have much knowledge, but I want to answer you with a famous saying: I don't agree with what you say, but I respect your right to express your views. Just like the K-line chart, it is tortuous, and the way forward is certainly full of all kinds of unknowns. However, the 12 years of development has fully proved that bitcoin is following the trend, not going retrograde. It is not just our good wish. Since bitcoin was first used to buy pizza, it has taken a historic step, and more and more sovereign countries will use bitcoin.

Digital currency is only a form of value information, which perfectly realizes the value transmission of the network.

The purpose of Bitcoin is to establish a decentralized electronic digital peer-to-peer (P2P) payment system to prevent the reuse of digital assets. Rather than a database, this has been explained in Satoshi Nakamoto's white paper. Bitcoin may, as you said,bitcoin use the collection and application of knowledge from multiple disciplines, but they are all for one purpose.

I don’t deny that as a decentralized data storage module, it is the underlying technology of blockchain , I don’t agree with this. Blockchain is not equal to Bitcoin.


Bitcoin realizes value transmission without relying on trusted intermediaries.


It can be analyzed from the following aspects

• The Bitcoin network maintains a single source of truth and a set of shared rules (consensus agreement) between legally independent entities. No one can tamper with, even for 51% attacks, because the cost of doing evil is very high.
  
• The Bitcoin network can be accessed from anywhere in the world. Its borderless nature is not restricted by capital controls. As a distributed network, it is not maintained by a central government. It can make transactions more convenient and anonymous.
  
• Bitcoin can resist censorship. The network has strong anti-attack capability. Moreover, the network is reliable.
  

The above content seems to have nothing to do with the database, I think the angle of the problem may not overlap with you, it is two parallel lines. But in turn, let's consider what is a database?

https://www.oracle.com/database/what-is-database/


My final point is that if Bitcoin is a database, it is somewhat far-fetched, I still respect Satoshi Nakamoto's explanation.