Quote from: buwaytress on July 14, 2021, 05:54:12 AM

Quote from: RainbowKun on July 14, 2021, 02:33:42 AM

thank you for your sharing. In fact, many times we don't need to have too much professional knowledge. The key is that we know its basic logic. I am writing this article now, mainly to show that the invention of Bitcoin has greatly changed economics and accounting. However, what has changed and how has changed will require more professional scholars to study.

Perhaps not yet changed, and it may be, like most inventions, only gain its due recognition belatedly. But we can only explore this with the work people put into it. Good luck!

Quote from: RainbowKun on July 14, 2021, 02:33:42 AM

Yes, this is where the idea of Bitcoin is clever. It can achieve balance among participants in the continuous game of multiple parties.

It can and it has, remarkably well over the last 11/12 years. I don't think a great many smart people could have foreseen just how effective it was at doing this: achieving participation balance, one that has only become stronger with time =)

Yes, the growth of any new thing always takes time to settle. The society as a whole still knows too little about Bitcoin. We are only seeing that Bitcoin is changing some of the rules of our society. But few people know exactly how it changed. Maybe, we have to wait for more time, our entire human society will be radically changed because of Bitcoin.

Quote from: Nora Olin on July 21, 2021, 06:12:04 AM

The birth of Bitcoin has brought great innovation, because the emergence of Bitcoin has created a new way of bookkeeping. It can be seen that Bitcoin's capabilities are much higher than what the market says. The blockchain technology of various virtual currencies does exist, enriching people's lives. The distributed accounting technology used by the blockchain cannot be modified once a record is created. Bitcoin can be so dazzling in the global currency, it can be said that the accounting field has made Bitcoin.

Our commercial civilization in the past was based on double-entry bookkeeping. The birth of Bitcoin created a new set of distributed accounting methods. It is more transparent, fairer, and cannot be tampered with or faked. We will create a whole new set of human civilization on the basis of this distributed accounting method.