The Internet is a bubble, the intranet has a future
Content
Of course the local area network is still there, but how does it compare with the development of the Internet?
What I want to express above is that the value of Bitcoin is a controversial topic. You can look down on Bitcoin, but you have to think about it independently. Don't let others talk about it.
Why does China block Bitcoin transactions?
I think the reasons why China blocked digital currency transactions are as follows:
(1) China's financial direction in recent years is to maintain stability. From various shadow banking businesses to cash loan businesses continue to be banned, the country now needs to prevent financial risks in its steady development.
(2) The domestic private sector lacks diversified investment channels for a long time, often only real estate and stocks, but real estate is not what you can buy now, and few people can make money from stocks, so private capital investment demand has been suppressed all year round.
(3) my country's mass investment concept is relatively lacking, and speculative is relatively strong. Digital currencies can easily cause social stability problems with 10 times 100 times increase or more than 90% decline.
Therefore, in the absence of a good regulatory policy, first banning transactions and then studying countermeasures is in line with my country's current macro environment.
For people who don’t know the truth, supervision is not a bad thing, but I dare to assert that China will gradually reopen sooner or later, because blockchain and cryptocurrency are inseparable. If there is no cryptocurrency, the so-called decentralization of the blockchain The Internet of Value is nonsense, and even the value medium does not convey value? In addition, the current public chain must have a variable modern currency, because the nodes of the public chain are the broad masses, who do not have tokens to encourage miners to maintain the network or share their own resources? In the future, centralization will coexist with decentralization, but the absence of digital currency is equivalent to castrating an important part of the blockchain.
in conclusion
Bitcoin created the blockchain. The blockchain will change the efficiency of human trust. This is a great invention.
Bitcoin is based on decentralized trust and has the form of currency, but it does not currently have the circulation capacity of currency, and technical problems need to be resolved in the future.
Bitcoin may have a bubble, but it does not mean that it has no value. It depends on its future development.
The price of Bitcoin is a consensus on the future of Bitcoin. Even if Bitcoin fails, it still has the attributes of collection and cannot be returned to zero.
It is necessary to treat the value of Bitcoin dialectically and independently, and don't let others talk about it.
Blockchain is now in a period of barbaric development. The country has reasons to conduct supervision in line with the existing macro environment, but if anyone wants to stop the wheel of history from advancing, they are digging their own graves.