Reborn Shenhao Miner

Chapter 352 Different Bitcoins, Same Leeks!!

Therefore, Li Mingxuan did not hide it, and said the nature of blockchain bitcoin.

“The design concept is actually open source software and peer-to-peer P2P networks built on it, generated by a large number of calculations according to specific algorithms!”

At this time, when Jack Ma heard Li Mingxuan’s words, he muttered in his heart.

For people like them who engage in the Internet, they can not understand technology, but their heads are extremely fast.

The essence of Bitcoin is actually a special solution generated by a bunch of complex algorithms.

A special solution is a set of infinite (in fact, Bitcoin is finite) solutions that can be obtained by a system of equations.

Each solution solves the equation and is unique.

Take a Chinese dollar as a metaphor, bitcoin is the serial number of the Chinese dollar, when you know the serial number on a banknote, you have this banknote and your process of finding the serial number is to constantly seek the special solution of this equation system through a huge amount of calculation, although Jack Ma feels that Mr. Li’s brain is big enough, but he is very puzzled, so he asked: “Mr. Li, I have a doubt, if according to your words, the so-called blockchain bitcoin, then where is its actual value?” ”

As soon as these words came out, everyone present nodded.

Meow coins = 1KG Splendid iron ore, then Bitcoin = 19?

Hearing this, Li Mingxuan smiled and spread his hands: “In fact, it has no value, in essence, it is actually a string of specific encrypted data!” ”

Speaking of this, Li Mingxuan took out a 100 Chinese yuan and asked, “Then tell me, what is the actual value of this 100 yuan?” ”

As soon as this statement came out, some people with active thinking understood.

Aside from paper money payments, storage means, etc., it is essentially just a piece of paper.

So why can this piece of paper buy all kinds of things, eat and drink, and grow luxuries.

Essentially because people give it monetary properties, they give it value as a general equivalent.

Although Bitcoin is essentially a pile of data on the network, if it is artificially given a certain value, then it becomes something of value.

“I’m going to peg Bitcoin to Meow with a rating of 1:100!”

Li Mingxuan said.

“20 pieces?”

Jack Ma was a little surprised.

If a Bitcoin is based on Meow coins, it is equivalent to artificially giving it value.

Although only 20 pieces of basic value are given, if there are 20 million bitcoins on the blockchain, it is reasonable to say that it is 400 million plates, but the financial market is actually a field of blind and barbaric growth.

Constrained by scarcity, time, information lag, and more.

For a simple example, if Meow Meow Coin is used as the basis of Splendid Meow Meow virtual currency, once the price of iron ore rises in the market, then whether the price of Meow Meow Coin will rise, it will definitely rise.

And if the price of Meow coins is raised, then will the price of bitcoin that can be exchanged for Meow coins rise, and it will definitely rise.

But the problem is that if you follow Li Mingxuan, bitcoin can only be obtained by mining on the Internet.

Considering its scarcity, it is difficult to obtain.

People think if I have one bitcoin, if I hoard it, I will not be able to make a lot of money as the price of meow coins rises.

And even if it does not rise in price, with a meow coin backing, or a splendid global need for iron ore backing, there is no difference in worrying that its value will be less than 20 yuan.

If one person thinks like this, two people think like this, what will be the result, that is, bitcoin is hard to find, and people will be in their pockets.

When something becomes scarce, it may be far removed from its own value.

For example, the 81 version of the monkey ticket for 8 cents, this is the case.

Obviously, it was only sold for 8 cents when it was first released, but why did the guild Zhang to a few pieces in the future.

Is it really because it has practical value?

Not yet because of scarcity and hype.

And Li Mingxuan’s design of bitcoin is not so, 20 yuan is equivalent to the base price of 8 cents of monkey tickets, and when this kind of bitcoin that can rise with the price of meow coins and a scarce limited number appears on the market, many people will be seduced out of curiosity, what is this thing?

Why others can make money by buying, maybe I buy will also make money Once a large number of people want to buy, the price of bitcoin will inevitably skyrocket, bitcoin will be completely out of the benchmark price of 2 dollars, to what extent, look at the monkey ticket of the flower grower to understand.

As the developer of Bitcoin, Li Mingxuan will inevitably hold a large amount of Bitcoin in his hands.

Once the price of Bitcoin meets expectations, sell some Bitcoin.

Drop the price a bit, then wait for a while for the price to return to expectations and sell off a bit.

Bunch after handful of leeks are cut like this.

It is equivalent to putting the money of the world’s bitcoin players into his pocket.

And in essence, this new thing is not found by law.

Even if governments finally know about its harm and ban it, Li Mingxuan will not know how many waves of leeks have been cut at that time.

Enron left the scene.

Jack Ma, who had figured it all out, felt a child’s heart for a while.

How long is this Mr. Li’s head, how can he come up with more ways to make money for this kind of child.

You must know that once Li Mingxuan does this, the world does not know how many people may break their families and die.

After all, money is such a thing as a thing, which does not come out of thin air.

All harvested leeks are taken from other people’s pockets, and the money may be the children’s school fees, the life-saving money of the elderly, or the pension.

In short, this bitcoin is 803 something that is more harmful than stock trading.

But the problem is that the most frightening thing about this matter is that countless people around the world are afraid that they will rush to send money to Li Mingxuan.

“Mr. Li, I have nothing more to say, I can only say that it is a genius idea!”

Jack Ma said admiringly.

“However, to make this, I think it may not be possible to rely on us people alone?”

“Of course!”

Li Mingxuan nodded, in fact, to get the blockchain of Bitcoin, it is not difficult to say that it is difficult, and he does not care.

Thinking that this involves the issue of encrypted data, it makes no sense if Bitcoin is not a cryptocurrency.

Cryptographically based design allows bitcoins to only be transferred or paid for by real owners.

This also ensures the anonymity of currency ownership and circulating transactions.

So, in addition to designing Bitcoin’s protocol and software, there must be experts in cryptographic mathematics, and later Bitcoin’s hash function algorithm is SHA-256, which generates a 256-bit hash and requires a predictable workload of the computer.

In short, the bitcoins made by Li Mingxuan are still somewhat different from the bitcoins of later generations, at least it has real value, even if the leeks cannot be cut in the future, these bitcoins are worth 400 million.

Much better than Bitcoin, which is actually worthless in later generations.

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