Editor's Note: This article comes fromCybtc Blockchain (ID: cybtc_com), reprinted by Odaily with authorization.

Editor's Note: This article comes from

Cybtc Blockchain (ID: cybtc_com)

Cybtc Blockchain (ID: cybtc_com)

, reprinted by Odaily with authorization.

As a follower of digital currency and blockchain, evangelism and promotion of digital currency is also something worth doing seriously. Of course, you will also face many problems in the process. The most common thing is what you say in the circle. Maybe It is easy for most people to understand, but outside this circle, in fact, more people still face other people's eyes and puzzlement, and sometimes there is even some ridicule.

For example, I randomly published an article some time ago. At that time, I chose traditional platforms such as Baidu Baijia, Jinri Toutiao and UC Dayu. I believe many people should have heard of it. Dayu is owned by Festival Beat, Dayu is owned by Ali, and Penguin is owned by Tencent. This is also a platform that many self-media people often use. Of course, they have also received a lot of bad words, such as the following.

There was an outsider who did not recognize the value of Bitcoin, and then abused it, was countered by fans, and finally directly said that he would receive benefits for the Bitcoin platform. Let me know, thank you in advance.

1. The physical support of Bitcoin

2. Bitcoin hype

3. Is Bitcoin cutting leeks?

This is also the biggest obstacle for ordinary people to cross this fence and embrace Bitcoin. Although people in the currency circle are relatively clear about it, many outsiders still don’t understand it. The main purpose of this article is to explain the existence of Bitcoin from outside the circle. These problems allow outsiders to understand the value of Bitcoin.

secondary title

Bitcoin's physical backing

Many people will think of the idea that Bitcoin has no physical support. This is also the main reason why Professor Lang claimed to give him Bitcoin a few years ago. Even many people in the circle believe that Bitcoin does not have physical support. The main reason is that In the eyes of technical workers, Bitcoin is indeed a series of numbers, and this series of numbers is a pass for a point on the elliptic curve in the Bitcoin network. There is nothing wrong with this statement.

In essence, the point on the elliptic curve is called the private key. After corresponding to a series of algorithms, the public key and address are generated, and then the transaction records of the address are recorded in the ledger, and finally form the corresponding value of each of our bitcoin wallets. It is correct to say that Bitcoin balance is a number. However, many people only see Bitcoin as a series of numbers, but ignore the production process of this series of numbers, which is mining.

This number is not an exaggeration, because we need to understand the mining industry as the involvement of scientific research, manufacturing, and finally electricity. For example, scientific research, tape-out and OEM manufacturing of mining chips actually cost a lot of money. After that, the establishment of the mine involves various fields, such as local taxation, operation, land lease and site selection, electricity price negotiation, and a series of management. In fact, mining is also very troublesome. Only talents in the field can complete it.

These physical industries are actually the key to supporting the value of Bitcoin. Although we say that the price of Bitcoin is highly hyped, the market value of this kind of market value is supported by the mining industry every minute. The simplest reason is that if the Bitcoin network is assumed to be If all the miners in the network go on strike and no blocks are produced, what will happen?

Then it is really possible that it will return to zero, or at least fall by half, so only the miners continue to mine normally, the network continues to stabilize, and there will be no attacks or losses, and the price of Bitcoin will be supported. It is the physical support value of Bitcoin.

So if someone still says that there is no physical support behind Bitcoin, you can take him to the mine, see the machines running inside, and tell him that these machines are producing Bitcoin, then others may easily accept Bitcoin the value of.

secondary title

Bitcoin hype

If it is hype at the level of media news, it is often basically hype from traditional media. We divide the following people into two types: outsiders and insiders. Generally speaking, the media in the currency circle is limited to people in the currency circle. , That is to say, if the media outside the circle do not pay attention, this kind of hype is limited to self-indulgence in the circle, and has nothing to do with other people, even if Bitcoin goes up to the sky, it doesn't matter.

So, in fact, most of the hype is just the hype of the media inside the circle. Anyone can be self-confident, but if it is the hype of the media outside the circle, it is different. To put it bluntly, it is a bit nosy and jealous The rise of the currency, or the media outside the circle want to attract attention and earn fan traffic, so it has nothing to do with the currency circle.

Of course, there are some people in the circle who want to preach about Bitcoin and cryptocurrencies, so that more people can understand this new thing, but this is the same as religion. Believers will always believe, and unbelievers will never believe. If you are not interested in cryptocurrencies, neither will I. You may be forced to invest in Bitcoin with a gun. I just tell you that there is this thing. Whether you are interested or not is your own business. Just like the author’s experience, the author knew about Bitcoin at the beginning of 2014, but it was 2016 when he really entered the market. During the two years in between, he basically only paid attention to cryptocurrencies, knowing that there are such things as cryptocurrencies in this world, but There was no real investment at the time.

In other words, people who say that Bitcoin is hyped up do not realize that what is hyped up is the media outside the circle. Even if you want to find the culprit here, you should look for people outside the currency circle, not inside the currency circle. people.

secondary title

Is Bitcoin cutting leeks

Whether to cut leeks is actually not a subjective judgment. If you say yes, you can, and if he says no, you can’t. We have to come up with real data to speak.

This is the price for all time periods since Bitcoin has been tradable, and we can see from the graph that in the long run, Bitcoin has not held back (only a small pullback recently), if you look at any time in the past few years Most of the people who hold bitcoins for a period of time and don’t move them should be making money.

On the contrary, Bitcoin has enabled many people to gain wealth from the bottom of their lives, enabling these people to improve their lives. Isn't this a great and hard-working thing?