Can renting foreign servers escape the supervision of the local government?
Whether it can be banned depends on how the local law stipulates.
In my opinion, blockchain is popular in the world, and it is not easy to find project subjects.

In 2013, I tried to search for bitcoin. As a result, websites like Google in my country told me that bitcoin was a scam. Unfortunately, I believed it and missed bitcoin. I didn't understand until my friend talked to me about bitcoin in college.

Even if I search now, bitcoin is still said to be a scam on the Internet. Fortunately, many people refute this statement. There are more and more supporters of bitcoin.

Bitcoin is taxed as proof of approval, a disguised acknowledgment of the legal existence of cryptocurrencies.

The development of the blockchain is a process of human migration from low dimension to Galway. Just as human society has gone from an agricultural society to a Industrial society society, from an industrial society to an information society. Blockchain technology is a key step to support the transition from industrial society to Information Society. Moving from the physical world to the digital world is often said to move from atoms to bits.

In fact, in addition to blockchain technology, cloud computing, the Internet, and big data are also playing a big role in the migration process. New technology will bring New Order and rules.

Because of these reasons, the price of Bitcoin is erratic：

1. Cryptocurrency is priced entirely by supply and demand.

2. Price fluctuations are entirely market behaviors.

3. There are no restrictions on the ups and downs of the cryptocurrency market, which is different from the traditional stock market.

4. Relative to the mature financial market, it is still at a very early stage and will be in the early stage for a long time.

The only way to stifle Bitcoin is to make people no longer need it. If no one wants a devaluation-proof, anti-censorship, permissionless, borderless, non-discriminatory, and tradable financial asset, then no one will provide computing power to Bitcoin, and it will naturally die.

But due to well-known reasons, at least in recent decades, we have not seen this day.

Does it matter who is Satoshi Nakamoto? For the entire digital currency market, if the emergence of Satoshi Nakamoto cannot give Bitcoin new value power, then, what does it matter who is Satoshi Nakamoto?

To explore who Satoshi Nakamoto is is just to satisfy people's curiosity. We need to look more rationally. We look forward to the appearance of Satoshi Nakamoto in the hope that he can once again bring important value to Bitcoin. Otherwise, whether he appears as an individual or as a team, there will be no value. .

More important than a person is, what value does this person produce?

Thank him silently for creating this miracle.

To be honest, I haven't heard of that thing you said. I only know that the Chinese government has denied the currency properties of Bitcoin and is not allowed to circulate and use as a currency in the market, but it has not denied that it is held by people as a valuable asset.

Although I said the risks of using Bitcoin, I still hold Bitcoin firmly. same as you.

With the global new crown epidemic in the past two years, everyone knows that the economies of all countries are not good.

Inflation has led to a sharp rise in gold this year, or a positive increase in bitcoin consumer prices will also erode the value of bonds, and their return rates are already low. Therefore, these countries need to look for investments with better returns.

Inflation is an invisible tax, a tax levied on everyone who holds cash, and it is always inevitable. It is the real "thief" of wealth. Choosing the right investment is the best way to fight inflation. Bitcoin is the best choice.

In my opinion, the first thing Bitcoin wants to be a civilization is to be recognized by the majority.

I suddenly remembered  that Charlie Munger calls bitcoin ‘disgusting and contrary to the interests of civilization’.Charlie Munger
Has Bitcoin already developed into a product against the current civilization?

Yes, I agree with you. You added what I wanted to express.

Thank you for your reply. Investment risks are great for individuals, but you can choose investment methods to deal with them.

There are five risks in the use of Bitcoin:

• The risk of Policy
  From a macroeconomic perspective, due to the “constant total amount” of Bitcoin, its circulation will be accompanied by the flow of goods and services, which has a small transmission effect on inflation. Adding the weight of Bitcoin to the world currency can weaken the transmission effect of monetary policy.
  
  1) Bitcoin breaks the central bank's monopoly on currency issuance. Due to its technological complexity, innovation and global nature, it is difficult for the central bank to monopolize its issuance rights.
  
  2) Cash in circulation or deposits in the banking system may be replaced by Bitcoin, which will have an impact on the base currency and currency multiplier; in addition, the existence of Bitcoin has an impact on the speed of currency circulation and its price level.
  
  3) The global nature of Bitcoin obscures the national boundaries that restrict the use of currency, and it is difficult for a country's monetary policy to isolate the influence of other countries' economies and policies.
   
  The central bank will introduce policies from various aspects to suppress Bitcoin, so as not to affect its monetary policy.
  
  
• The risk of the law
  
  In August 2013, Germany announced the recognition of the legal status of Bitcoin and it has been included in the national regulatory system. Germany is the first country in the world to recognize the legal status of Bitcoin.
  In May 2016, Japan approved the digital currency regulation bill for the first time and defined it as property.
  On June 9, 2021, the El Salvadoran government passed a bill to make Bitcoin a legal tender here. From September 7th, it will become the country's legal tender. El Salvador will become the first country in the world to use Bitcoin as a legal tender.
  
  At present, Bitcoin is only protected by the laws of various countries as a virtual commodity rather than a currency.
  
  Only a few countries recognize this status of Bitcoin and do not support it as a major currency.
  
  In cross-border Bitcoin infringement cases, because countries have different legislations on Bitcoin and have different characterizations of Bitcoin, the resolution of related disputes involving Bitcoin is relatively lagging.
  

• The risk of Speculation
  Bitcoin does not have national credit or physical assets as protection, and the price may fluctuate sharply, which is extremely risky for investors. However, in my opinion, speculation is a high risk but also an opportunity, and it depends on the individual.
  
  
• The risk of  Money laundering
  Bitcoin has the characteristics of anonymity and freedom from geographical restrictions. The flow of funds is difficult to monitor, and it will be very easy to circumvent government supervision, making it easy for criminals to conceal the source and direction of their funds, which provides convenience for money laundering, terrorist financing and evasion of sanctions .
  
  They buy other people’s bitcoins through the exchange platform, and then bring the bitcoins to other platforms or their own wallets. Through multiple transfers, the tracking path is difficult or directly impossible to trace, and then through overseas trading platforms or black markets or directly Commodities purchased overseas are exchanged for foreign currency to complete a series of acts such as money laundering.
  

• The risk of Substitution

    Bitcoin still has shortcomings such as lack of credit guarantee, poor security performance, and easy to cause deflation. At the same time, it has to face the competition of various emerging altcoins, and there is a greater
   risk of substitution! Although I think this possibility is very small.

The essence of value is consensus!

The operation of human economy and society is based on various consensuses. The vision put forward by the company is essentially that the founder, employees, shareholders, and users reach a broad consensus.

Consensus is valuable, and to create value is to create consensus!
The value of Bitcoin is our consensus.

I don't think the price of gold is related to the price of Bitcoin and Ethereum.
There is no direct connection between gold and Bitcoin. Bitcoin, a blockchain-based digital currency, is often considered to be a global safe-haven asset like gold.

There are five risks in the use of Bitcoin:

(1) Policy risks. The decentralized nature of Bitcoin may threaten the traditional monetary system, affect the government's macro-control capabilities and reduce fiscal revenue;

(2) Legal risks. At present, Bitcoin is only protected by the laws of various countries as a virtual commodity rather than a currency;

(3) Speculation risk. Bitcoin does not have national credit or physical assets as protection, and the price may fluctuate sharply, which is extremely risky for investors;

(4) Money laundering risk. Bitcoin has the characteristics of anonymity and freedom from geographical restrictions. It is difficult to monitor the flow of funds, and it will be very easy to circumvent government supervision;

(5) Substitution risk. Bitcoin still has defects such as lack of credit guarantee, poor security performance and easy to cause deflation. At the same time, it has to face the competition of various emerging altcoins, and there is a greater risk of substitution.

At that time, I also tried to advertise in the online shop, but unfortunately I was quickly asked to remove the advertisement because the policy did not allow it.

I have tried to display a reminder of accepting cryptocurrency payments in my shop.

But many customers don't know what cryptocurrency is. Some interested will ask, I also have to teach him how to buy it on the exchange and then how to transfer it to me. This wastes a lot of time.

In a month, no stranger pays with cryptocurrency except for a friend who understands Bitcoin. He used Biance's C2C function to transfer me a 200USDT bill. Finally, I removed the cryptocurrency payment method.

It takes a long time to promote cryptocurrency payments.

I saw your July summary You published a lot of articles in just one month. I read each one (although some of them are not well understood). The articles are novel and lead me to think from different angles. I admire your ability to think on your feet.

I am very happy to witness your history of growth, and sincerely wish you success as a legend in the forum. At the same time, seeing so many people on the forum supporting you and helping you makes me feel that the forum is a enthusiastic community and treats newcomers so kindly.

I wanna become a part of this, try my best to help others and make a little contribution to the forum.

Traditional investment philosophy values whether to generate continuous cash flow. Obviously Bitcoin does not meet their standards. You will find that they not only hate Bitcoin, but also hate gold.

Digital currencies talk about consensus, and where is the consensus reflected. It's actually a transaction. Bitcoin as a currency. It does not generate value by itself, its value comes purely from transaction and liquidity. Based on sufficient liquidity, it can serve as a general equivalent, so it has stored value.

There is no liquidity in their investment philosophy, and the core value of Bitcoin lies in liquidity.