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

Don't prove yourself to Satoshi Nakamoto without complete evidence. Although I really want to know who Satoshi Nakamoto is, don't waste everyone's time as Satoshi Nakamoto. I will hate him.

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.

It is a money-making tool for me at the moment. As long as Dogecoin doesn’t collapse, it’s okay, and Musk has been promoting it, which is likely to become a mainstream digital currency.

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 thisbill  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.

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.

I have read your reply carefully. I believe that many novices will find it very rewarding, very systematic, very sensible, and very practical, thank you, thank you.

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