This one book suddenly makes me change my mind about the negative Bikcoin….
He said, “Money is based on trust. The state guarantees trust. This is the most important factor.
Bitcoin is
- The core foundation is that trust is derived from structures rather than authorities.
The books cannot be changed, fixed or transformed by an individual or institution.
Even if one branch is damaged (nodes in Bitcoin)
It’s restored at different points (different nodes), so absolute trust is possible - It’s immutability. When records are shared and blocks are created, the transaction is virtually
It is impossible to reverse. No exceptions are allowed - Openness and transparency. Transaction details are viewed by anyone and anyone
You can download it and review it. All sources are open source and open - It’s censorship resistance. No one can block or delete arbitrary transactions.
The network does not allow exceptions to any power.
It is practically impossible because it can be controlled only through the entire consensus structure.
Considering these four characteristics, why can’t they function as currency?
More than any other currency, it has all the conditions that money must meet.
It’s just that it’s a programming language, but it’s in the digital age
Maybe it’s the best thing to do.
Bitcoin is a more secure currency than any other currency.
There’s nothing to say… this makes it all impossible to artificially stimulate the economy, adjust, stop inflation, and so on.
Because money also has this function, but inflation is not likely to happen because of the quantity that is set… but stimulus, or government expansion, all of these policies become impossible, right??
Money is also an important tool in fiscal policy…
I wonder how to solve this problem…..
Importantly, international transactions seem likely to become Bitcoin
As long as the volatility decreases…
Each country’s currency is maintained on the condition that…
- Quoted in large part from No Future Without Bitcoin –