Why do many people still not accept virtual currency?

First, the country does not recognize it. Of course, the country just does not recognize it as a currency, but it does not deny that it is an investment target.

Second, returning to the simple level of value investment, virtual currency is too confusing.

The point of national endorsement is actually a paradox~

Everyone knows that blockchain is the general trend of future finance, right~~

Then once the central bank's digital currency is issued, it will definitely impact the original digital currency in circulation. But on the other hand, if the central bank's digital currency is successful, it will be beneficial to other virtual currencies with first-mover advantages.

The biggest advantage of decentralized digital currency is its conceptual flexibility, which can be quickly linked to a certain target and quickly decoupled.

These concepts are all completed by the consensus of the holders. Even the concept has not yet taken shape, and the price will rise first.

Unless the central bank launches a more advanced algorithm, it will not be able to fight against virtual currencies with first-mover advantages by relying solely on financial strategies, and it will really block them with all its strength. How much expected resources will be lost in vain~ It is still unknown who will profit by then~

So there is a point here that is easily overlooked. It is the change brought by the algorithm, or the wave of thought brought by technological innovation.

Blockchain technology is not just an iteration of an algorithm, it brings new thinking and exploration of politics, economy and trade. The government will certainly cater to this general trend, but it will not be petty to crack down on old coins.

So in the future, as long as the technology of old coins is not broken, even if they become antique mascots, they will not be driven out of the trading market.

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