#03 You, born in 1990, are part of the last batch of ordinary people favored by Bitcoin
If you were born in 1990 and graduated from university in 2013, After two years of work, I finally had some savings, starting with a $1,000 deposit and a mindset of zeroing out to start trading Bitcoin, So, until today, have you turned your situation around?
Looking back, 2015 was a great time to enter the market, Bitcoin fell to around $200 at its lowest, As a beginner, you still lack the courage to buy at the bottom, So, Bitcoin rebounded to around $400, and you bought 2.5 Bitcoins.
In 2017, Bitcoin rose to $20,000, and your account balance changed from $1,000 to $50,000, a 50-fold increase; In 2021, Bitcoin rose to $60,000, and your account balance changed from $1,000 to $150,000, a 150-fold increase;
I have always emphasized that the value anchor of Bitcoin is two conditions that cannot both be true at the same time. One is that countries lift foreign exchange control policies, and the other is that governments stop printing money. The real changes in these two conditions affect marginal traders of Bitcoin, and the increase and decrease of marginal traders determine the rise and fall of Bitcoin prices.
So, does Ether, as the second in the cryptocurrency space, also conform to this value anchor? If so, what are those real conditions? If not, then what is the value anchor?
In 2014, 20-year-old Vitalik Buterin published the Ethereum white paper.
October 31, 2008, A person signing as Satoshi Nakamoto published a paper of less than nine pages on a niche cryptography forum. The title is very ordinary: (Bitcoin: A Peer-to-Peer Electronic Cash System) What the paper attempts to answer is merely a seemingly technical question: In the absence of third-party involvement, how can the electronic cash system operate reliably?
To solve this problem, Satoshi Nakamoto did three things. First, based on cryptography, the public key and private key clarify the ownership of the account. Money does not exist in bank accounts but is locked behind private keys. Whoever holds the private key owns the money.
#签到帖 Good morning, my friends in the crypto circle. It's 4:28 AM Beijing time now, Mr. Li has finished brushing up and is greeting the crypto friends before starting his study session. A wonderful day has begun, everyone, keep up the good work! #币安人生