4 thoughts on “Will Bitcoin lose circulation function?”
Evelyn
Won't. Bitcoin is a virtual currency. Bitcoin is a P2P form of digital currency. Point -to -point transmission means a decentralized payment system. : Bitcoin is a network virtual currency, which is limited, but can be used for cash: can be exchanged for currency in most countries. You can use Bitcoin to buy some virtual items, such as clothes, hats, equipment, etc. in online games. As long as someone accepts it, you can also use Bitcoin to buy items in real life. is completely centralized. Without the issuing agency, it is impossible to manipulate the number of issuance. Its distribution and circulation are implemented through open source P2P algorithms.
The decentralization: Bitcoin is the first distributed virtual currency. The entire network is composed of users and has no central bank. Decentralization is the guarantee of Bitcoin's security and freedom. The circulation: Bitcoin can be managed on any computer accessing the Internet. No matter where he is, anyone can dig, purchase, sell or collect Bitcoin. Exclusive ownership: Controlling Bitcoin requires a private key, and it can be isolated and stored in any storage medium. No one except the user can get it. low transaction expenses: can be remitted for free Bitcoin, but in the end, a transaction fee of about 1 Bit bit will be charged for each transaction to ensure the faster execution of the transaction. has no hidden cost: As a payment method from A to B, Bitcoin does not have a tedious limit and procedures. Know the other party's Bitcoin address can be paid. The cross -platform mining: Users can discover the computing power of different hardware on many platforms.
It is impossible not to inflation. What is inflation? There are two types of inflation:
(1) Assume that 1 sheep can change 10 chickens. There are 1 sheep and 10 chickens in a room, which issue 200 yuan currency, so sheep value is 100 yuan, and the chicken value is 10 yuan. If you issue 200 yuan, the price will double, and the sheep value is 200 yuan. This is the inflation of the super currency. (2) The above example. At this time, the 10 chickens were eaten. The room was still 200 yuan, only one sheep, and the sheep was worth 200 yuan. This is the inflation of the shortage of items, and the currency is not issued.
(3) The collection Bitcoin itself has lost the currency function. The currency is just an intermediary, which is developed from the exchange of objects. So if you are right, you will lose the money function. (4) There are fewer things, and the currency is also inflation, so no matter what currency, virtual currency, limited currency will also inflation.
It will not be more valuable because of the large number of Bitcoin that needs to be operated by a large number of Bitcoin. Some people have reserved a large number of BTC markets with only a very few BTC BTCs. BTCs are digital currencies that can be split unlimited. At most, it is a shrinking. If the holder will release a large number of bitcoin to the market, it will cause people to find a new one. Bettering the currency to abandon BTC, why do people hold a lot of BTCs give up their own property) I I can’t understand the second question
Won't.
Bitcoin is a virtual currency. Bitcoin is a P2P form of digital currency. Point -to -point transmission means a decentralized payment system.
: Bitcoin is a network virtual currency, which is limited, but can be used for cash: can be exchanged for currency in most countries. You can use Bitcoin to buy some virtual items, such as clothes, hats, equipment, etc. in online games. As long as someone accepts it, you can also use Bitcoin to buy items in real life.
is completely centralized. Without the issuing agency, it is impossible to manipulate the number of issuance. Its distribution and circulation are implemented through open source P2P algorithms.
The decentralization: Bitcoin is the first distributed virtual currency. The entire network is composed of users and has no central bank. Decentralization is the guarantee of Bitcoin's security and freedom.
The circulation: Bitcoin can be managed on any computer accessing the Internet. No matter where he is, anyone can dig, purchase, sell or collect Bitcoin.
Exclusive ownership: Controlling Bitcoin requires a private key, and it can be isolated and stored in any storage medium. No one except the user can get it.
low transaction expenses: can be remitted for free Bitcoin, but in the end, a transaction fee of about 1 Bit bit will be charged for each transaction to ensure the faster execution of the transaction.
has no hidden cost: As a payment method from A to B, Bitcoin does not have a tedious limit and procedures. Know the other party's Bitcoin address can be paid.
The cross -platform mining: Users can discover the computing power of different hardware on many platforms.
It is impossible not to inflation. What is inflation? There are two types of inflation:
(1) Assume that 1 sheep can change 10 chickens. There are 1 sheep and 10 chickens in a room, which issue 200 yuan currency, so sheep value is 100 yuan, and the chicken value is 10 yuan. If you issue 200 yuan, the price will double, and the sheep value is 200 yuan. This is the inflation of the super currency.
(2) The above example. At this time, the 10 chickens were eaten. The room was still 200 yuan, only one sheep, and the sheep was worth 200 yuan. This is the inflation of the shortage of items, and the currency is not issued.
(3) The collection Bitcoin itself has lost the currency function. The currency is just an intermediary, which is developed from the exchange of objects. So if you are right, you will lose the money function.
(4) There are fewer things, and the currency is also inflation, so no matter what currency, virtual currency, limited currency will also inflation.
It will not be more valuable because of the large number of Bitcoin that needs to be operated by a large number of Bitcoin. Some people have reserved a large number of BTC markets with only a very few BTC BTCs. BTCs are digital currencies that can be split unlimited. At most, it is a shrinking. If the holder will release a large number of bitcoin to the market, it will cause people to find a new one. Bettering the currency to abandon BTC, why do people hold a lot of BTCs give up their own property)
I I can’t understand the second question
Even if it is collected, it will be worthless in the future.