The answer to the mystery of Satoshi Nakamoto "Part I"

In comparison with stamp collectors, philatelists recognize the value of a special character, depending on the short-term supply and demand law. Collection of paintings is an industry in itself, although the number is small, but the scarcity of quality paintings is also Due to the amazing purchasing power of these panels, the group's behavior is based entirely on personal beliefs, hobbies, delusions, or any other valuations, and can also be a set of elements in any form or category. The value of acquisitions depends entirely on size, purchasing power and supply of people Who wish to receive Li such groups at the same time.

Since the "acquisition" corresponds to the "mining rate", a more complete definition of the structure may appear to be a "medal or reward for the mining rate" when the cost of obtaining and producing the primary market exceeds the value of its collection, acquisition and use (secondary market) The value of the primary market and the secondary market will be separated market value in the end - this conclusion may be important.

For example, if "nuclear waste" is also calculated as the value of the "output" (primary market), it will be very expensive, but humans see it as a negative asset (secondary market) because it is not only useless. There is no collection and possession of value, and must then be handled to avoid disasters. In principle, the secondary market has always been the ultimate determinant of the underlying market, not the reverse.