Here, Sir Jay gives you the 002nd blockchain mind map: 002 Bitcoin~
The following is a brief description of Bitcoin related content:
Bitcoin (English: Bitcoin) is a decentralized, non-universally globally payable electronic cryptocurrency. Bitcoin was invented and created by Satoshi Nakamoto (pseudonym) on January 3, 2009, based on a borderless peer-to-peer network and using independent open source software. As of February 12, 2018, Bitcoin is currently the cryptocurrency with the highest market capitalization. 1
Why was a cryptocurrency like Bitcoin created? In other words, why is Bitcoin so popular among the public? It has gradually moved from a trendy gadget in the geek circle into the daily life investment of ordinary people
Some people believe that the advent of Bitcoin is because people hate commodities. In the economy, the over-issuance of national sovereign currencies, as well as monetary policy intervention, are the result of community awareness of monetary autonomy in the gift economy. I believe everyone will have deep feelings about the issue of "inflation", right?
Check the information: Inflation is generally defined as: under the credit currency system, the amount of currency in circulation exceeds the actual needs of the economy, causing currency depreciation and a comprehensive and sustained rise in price levels - use In more common language: over a given period of time, the price level in a given economy generally continues to increase, resulting in a continuous decline in the purchasing power of money. 2
In China, we can use a vivid example to illustrate: around 1980, at the beginning of reform and opening up, "households with ten thousand yuan" were all very rich; and after more than 30 years Today, it is estimated that one has to reach the level of billions of assets to be considered a "rich man". Behind this change of tens of millions of times is the huge problem of currency depreciation caused by the over-issuance of currency.
Satoshi Nakamoto hates this kind of "inflation" problem. Therefore, he proposed his own methodology to solve the problem: Based on his belief in technology and liberal monetarism, he proposed a blockchain technology system; and relying on blockchain technology, he created Bitcoin.
Interestingly, Satoshi Nakamoto created the first block of the Bitcoin system, the "Genesis Block", with the sentence "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks” (on January 3, 2009, the chancellor was on the verge of implementing a second round of emergency bank bailout), and this sentence was the headline of the front page article of The Times that day.
At this point, people’s bold attempt to independently issue a currency system has begun, and once the test wheels are started, it will be difficult to stop them. Later, Bitcoin went through continuous iterative development and produced many hard fork currencies.
Data shows:
Of course, the development of Bitcoin is not smooth sailing. Hackers will attack Bitcoin trading websites; and many criminal organizations will also use Bitcoin to carry out attacks. Illegal transactions; many people even think that Bitcoin is a "Ponzi scheme."
In addition, celebrities have different opinions on Bitcoin. Data shows:
Paul Kluman, Nobel laureate in economics, believes that "Bitcoin is evil." ", expressed several views on Bitcoin.
David Woo, global head of interest rate and foreign exchange research at Bank of America Merrill Lynch, believes that "Bitcoin can become a major payment method for e-commerce and become a strong competitor for traditional currency transactions." . . 3
What exactly is Bitcoin? Everyone will have their own different opinions. However, Sir Jay thinks: Before we easily make judgments about new things that are unclear to us, we should take the initiative to learn and understand them. To learn Bitcoin, it is a good methodology to first understand the Bitcoin white paper.
Sir Jay has also written about the interpretation of Bitcoin’s official white paper in his previous article. You are welcome to check it out:
Title: Interpretation of the digital currency Bitcoin white paper
Link: /s?__biz=MzU1MTA2NDM1NA==&mid=2247483713&idx=1&sn=c9d2b968ce0da2273ae1657ce23144f9&chksm=fb96470ccce1ce1ab4f2e7827c103e4d9587722678c82 822b5d3749a410debf2c3daf65c761a#rd
In general, a new era has arrived, blockchain, Bitcoin, etc. New things will definitely show their huge energy in the future! We are all the lucky ones and witnesses of the times, so hurry up and learn and understand the world of blockchain! ! !
Note:
1 Excerpted from Wikipedia: Bitcoin
2 Excerpted from Baidu Encyclopedia: Inflation
3 Excerpted from Wikipedia: Bitcoin coins