There is an island in the Pacific Ocean called Yapu Island, which has a population of about 5000–6000 people.
Local indigenous people use a large stone as currency. This kind of stone coin is hollow and has a diameter of more than three meters and four tons.
Because the stone is heavy, it is often not necessary to move it during the transaction. When the transaction is completed, the new owner’s name is engraved on the stone, and the tribal elder is a witness.
Since there is no limestone on the island that produces such stone coins, raw materials must be shipped from Palau Island next door. So the value of a stone coin lies not only in its size, but also in how difficult it is to carry it, or whether it was shipped by a famous sailor.
Later, the Japanese occupied Yapu Island during World War II and took stone coins to pave the way. Coupled with the use of foreign currencies such as US dollars, no one has used stone coins. After all, it is primitive, productivity has grown slightly, and social organizations have become a little more complicated, and they are no longer keeping up with the situation.
In fact, in my opinion, bitcoin is very much like this kind of stone coin (SB).
One thing, even if it has no practical use, but everyone thinks it is valuable, then it is valuable，This is the value of Bitcoin.
Such as diamonds, artificial synthesis costs are not high, but it is still very expensive. Similar are antiques, paintings and so on.
There is no problem in this step. The bank also issued commemorative coins worth more than the equivalent of cash.
The inventor of Bitcoin would tell a story, so if it is used as a virtual collection, I can understand that after all, even the equipment in the game can sell money.
The stories told by the Bitcoin promoters are good for everyone to listen to. However, to really use it as a currency, there is a problem. Let’s take a look at the characteristics of its self-promotion.
First of all, the most important advantage of bitcoin being blown is security. How multi-layer encryption can’t be broken.
But the premise of this advantage is that the current currency has irreparable security flaws. Do you think there is any? Whether it is cash or bank transfer, or even future mobile payment, face recognition, I do not think there will be a huge security loophole to collapse the entire old currency system.
Second, another advantage of Bitcoin is decentralization and privacy protection. At the beginning of its design, this technology considered the government as an enemy, and wanted to achieve decentralized monetary power and not be influenced by the government’s monetary policy. The founder, Nakamoto Satoshi himself, was an anarchist and felt that the government would persecute the people.
His political assertion, let alone whether or not governments can tolerate the existence of an independent financial system that is completely unregulated? Other countries do not talk about it first. Anyway, Socialist Tekken has hammered Bitcoin out of China.
Then the system must protect privacy and be anonymous. In case of real popularity, companies use some small measures to escape tax, cross-border investment and then evade supervision. If the government wants to check, it must also cooperate with an anti-government financial system. This picture is too beautiful.
Dare to go against the governments of the world at the same time. After Cixi Empress Dowager and Kim Samsat, Bitcoin is the first one. You guessed that in the end, the police and the army are willing to accept the salary of the US dollar, or are they willing to receive the salary of bitcoin?
In the end, many of the respondents mentioned that the total amount of bitcoin is fixed and destined to its natural deflation. As a collectable, this property is awesome and rare. However, as a currency, the total amount of human wealth is increasing, and your currency does not increase. If you use it, you will not be able to handle it.
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