Buy a house with 1 Bitcoin! Most of the parts come from China, but why are they sold in America?

Why is Bitcoin, China's limited virtual currency, useful? Why should we send bitcoin produced by China to the United States? Let's move on to the topic today, the bitcoin rage.

People who are concerned about recent trade and bitcoin can easily see that bitcoin is crazy. In a few months, Bitcoin has doubled. You can now buy between $ 3,000 and $ 4,000 with a single bitcoin. Is it really over $ 100,000 or millions of dollars?

In fact, as of July 2020, Bitcoin players are still enjoying a $ 10,000 USD break. A few months later, in March 2021, Bitcoin once crossed the $ 60,000 mark. Beauty, you know, was only 3 cents when Satoshi Nakamoto created it. Musk announced today that he will buy $ 1.5 billion worth of bitcoin on behalf of Tesla, and China's Meitu, who suffered a massive $ 12.1 billion loss in seven years, will also buy 260 million yuan worth of bitcoin this year. year.

“Mining” extracts two-thirds of the world's Bitcoin, all mined in China. As for the production of Bitcoin, it is "undermined" by countless high performance computers running around the clock. In this process, the machine must be equipped with a super card and high performance CPU, and usually high performance computers. hundreds, thousands or tens of thousands of machines must be running simultaneously, and the choice of site is usually made by professionals. A place with good ventilation, temperature and humidity. It also requires reliable resources and specialized management personnel. The main costs are the depreciation cost of running the computer and the cost of using the computer. Why is China suitable for Bitcoin mining?

Firstly, because our country's electricity prices are cheap, and because the cost of hydropower in Sichuan and coal in Inner Mongolia is cheap, the first Bitcoin mining in this region was chosen. Supervision is unnecessary, and many companies use electricity to generate electricity and steal electricity for me. Even mining using the national grid after being upgraded is considered the cheapest electricity in the world.

The second reason is that since China is the largest producer of electricity in the world, the electricity used in the extraction process can be purchased at the lowest prices, which can reduce the costs of mining equipment. Together, China has become for me the most expensive country in the world, but if we can produce as much as Bitcoin, why should it be banned?

Cryptocurrency Guarantee First of all, it should be confirmed that Bitcoin is a virtual currency. Compared to traditional benefits, virtual money is often unreliable because it is guaranteed by the government. Profits like the US dollar and the yuan can be recognized around the world, not because of the quality of their publication, but because there is a strong country behind them that recognizes the value of these currencies. , only when people believe, choose and believe. To use it, then the existence of this currency is necessary.

Simply put, for something like the value of money, it needs a solid place to back it up. Bring a shopping card from the supermarket, an online store return card or a barber shop membership card.

Because there is a place behind, the life of that place promises to be beneficial in this way and allows everyone to get the best benefits or services only through this. money has its value. However, in the numerical results the warranty has been removed, so everyone has the idea not to believe it. So why did Bitcoin happen?

In fact, the emergence of Bitcoin is due to distrust of the guarantor, and even if the guarantor is state or federal, I am not comfortable with bitcoin. The impact has been so great that many people see inflation and the economic bubble that they cannot control, and even though the state is affected, many people are affected.

Bitcoin decentralization has its own mode of decentralization. What does it mean? This should include all the guarantees we just mentioned. The results have been recognized by the state and the government. In other words, currency is a form of certification. If you get money from someone else, the money is proof. Money is also a form of exchanging your money, offering goods or services to another person.

And Bitcoin doesn't need to be claimed by the guarantor, let alone proof. This process is very simple. This means that every transaction is announced to everyone when it's completed, and every Bitcoin transaction is for everyone. Wang Wu is equivalent to a sixth exchange of $ 10. He does not need to have an account. At the time of the surrender, he had to go to the village loudly to let everyone know that this time was between Wang Wu and Wang Wu. Sixth, the change, and everyone who hears the news is proof of both.

So if everyone had become a pilot, each had an account in mind, recording each other's changes and thinking about it from a different perspective, each should be the basis of this exchange, and each should be the source of this change. , and no place. It is decentralization.

Such an approach could exist in theory, and while this approach can be completed now, it would have been argued that there should be enough people in the Bitcoin trading cycle, and people willing to believe it. Believe it or not, Bitcoin does not exist.

Why China Should Ban Bitcoin Started buying Bitcoin from several US banks, until Musk announced on February 8, 2021 that Tesla had invested $ 1.5 billion to buy it. The value of Bitcoin is increasing day by day, which once again leads to further rise. . According to published data, since January 2021, Master has earned Bitcoin cash at $ 93 million, which is more than the money he earns buying cars in a year. ?

So, as part of the master's culture, many Silicon Valley tech companies once got into the game and started buying Bitcoin. Since over $ 6.9 billion worth of Bitcoin globally is held by listed companies so far, the rise and fall of Bitcoin in the future will directly affect the performance of many listed companies, which will affect the global financial model.

In fact, not only China but also the United States does not want bitcoin to exist and wants to ban bitcoin, but because the rules of the American courts are different, it is impossible to ban everything and not ban bitcoin is not allowed like in china. Make bitcoin disappear. So, the United States has chosen a completely different way to firmly hold Bitcoin in state hands and achieve its goal of monopoly governance.

In fact, Daniel believes that there is no guarantee that he will control the dollar, that it will affect the dollar, or that the United States will be able to control it as much as possible.

The reason Bitcoin is banned is because it affects existing currencies in the mentioned country. After all, Bitcoin is a virtual currency. As a virtual asset, he has great control. It can be said that criminals use it to launder money. natural place.

Most importantly, Bitcoin is not a state currency. First of all, it cannot have the same status as the national currency. Once pegged to the national currency, an uncontrolled event occurs, greatly affecting the national economy. for