What Bitcoin can be used for besides buying a Tesla
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A thousand people have a thousand opinions about what Bitcoin is, but what Bitcoin can be used for is actually happening and everyone can see it.
A thousand people have a thousand opinions about what Bitcoin is, but what Bitcoin can be used for is actually happening and everyone can see it.
After breaking through the previous high of 20,000 US dollars at the end of last year, Bitcoin has been rising strongly. Since March last year, the increase of up to 15 times in a year has made this controversial thing once again the subject of heated discussions.
Some people say that this is money that is really in their own hands, it is a revolution,Some people say this is a scam, a financial bubble like tulips;Some people say that this is digital gold, even better than gold,Some people say that this is illegal, without government credit endorsement, and has no value at all;Some people say that it protects the private property of human beings and represents the spirit of freedom and independence.Some people say it promotes illegality, and transactions conducted with bitcoin increase the difficulty of conducting illegal and criminal investigations.to pay
Bitcoin can of course be used for payment. At the beginning of its creation, Satoshi Nakamoto defined it as a point-to-point electronic cash payment system. From buying 2 pizzas with 10,000 bitcoins 12 years ago, now more and more institutions and individuals accept bitcoins as a means of payment. The most recent example is Tesla. Tesla not only purchased bitcoins, but also supported the use of bitcoins to pay for car purchases, and stated that the received bitcoins would not be sold for legal tender.For payment, Bitcoin has the advantages of peer-to-peer transactions, more secure funds, and privacy protection. Of course, the current Bitcoin transfer speed is not ideal, and the handling fee is also slightly expensive when paying in small amounts.International transfer
The use of Bitcoin for international transfers has incomparable advantages over any current system. Compared with today's international transfers that take a week, Bitcoin can be transferred within an hour, and the handling fee is low.Such a fast international transfer method as Bitcoin can greatly accelerate the business advancement of many multinational companies and strengthen the import and export trade between countries.The use of Bitcoin for international transfers also reduces the chances of fraud for criminals due to the time difference between transfers.Stored value, investment target
Although the issue of the value of Bitcoin is still being discussed outside the circle, the attribute of "digital gold" has indeed been recognized by more and more people. Musk, the founder of Twitter, etc. have all expressed their support for Bitcoin. Tesla and Microstradge have publicly bought Bitcoin, and Meitu has become the first person in China to eat crabs, and has also included Bitcoin and Ethereum into the company's reserve assets.financial planning
Since Bitcoin has the attributes of stored value and investment target, it is natural that Bitcoin can also be used for financial management. Bitcoin's wealth management is mainly concentrated in the DeFi field, a decentralized, more efficient and transparent financial system.This means that Bitcoin can also be deposited in banks in the DeFi field, lent to others as a loan to earn interest, deposited in funds in the DeFi field to invest and make profits, and so on. This is the reason why people in the circle and outsiders have two extreme views on Bitcoin: when outsiders are still discussing whether Bitcoin is air or illegal, the circle already has a set of self-consistent mechanisms.A Tool for Currency Wars?
Mother of Blockchain Technology
Although blockchain is one of the underlying technologies of Bitcoin, the technology of blockchain was born along with Bitcoin. This may be the biggest role that Bitcoin has brought to the world. The spiritual core of independence, freedom and fairness behind cryptocurrency is close to the values of today's era. Blockchain believes that individual power depends on the collective, and it is matched with incentive mechanisms and consensus Mechanism is a new way to change production relations and improve production efficiency, and now this technology is being highly valued and promoted all over the world.Bitcoin is a technical invention and a payment method. The technology and the method are neutral. It depends on how you use it. Just like the US dollar and renminbi, some people use it to buy milk, while others use it to hire people to commit crimes. Welcome to Join Odaily Official Community
