What is Bitcoin?

What is Bitcoin?

In 2018, the 55-year-old option godfather James Cordier believed that the still-rising natural gas had reached its peak, and he was determined to be short on natural gas, so he sold call options naked. If we look at natural gas now, James’ What is Bitcoin?judgment is correct, the price is indeed lower than in 2018, but unfortunately he judged to be bearish in the upward trend. In November 2018, natural gas was US$122, a 13-year high, and James’s US$150 million all liquidated.

About a year ago in Deconomy, I publicly called CraigWright, a scammer who claimed to be Satoshi Nakamoto, and finished with the question "Why is this scammer allowed to speak at this summit?" Why did I say nothing to him? Explanation of meaning.

For those tokens whose market value has reached billions, it is obviously more difficult to double the market value. The market value of billions of dollars is not a big problem in itself, but for cryptocurrencies, the only way for the market value to reach tens of billions of dollars is to be used as a store of value.

Thiel said: "Although I don't think these issues are fully determined yet, I do think that, to some extent, these two factions are politically very closely related to centralization or decentralization." What is decentralized. Artificial intelligence is centralized. If you want to construct it from an ideological point of view, you can say that cryptography is liberal, while artificial intelligence is communist.”

However, according to PanteraCapital's research, historically, Bitcoin has bottomed out 459 days before the halving, and has gradually recovered following the halving event, and will skyrocket after the halving. The average rebound time after the halving is 446 days-if history repeats itself, Bitcoin may peak around August 2021.

Bitcoin has gradually been recognized as a store of value asset with the ability to fight inflation. As a smart contract plaWhat is Bitcoin?tform, Ethereum was recently proposed by Joe Lubin, the co-founder of Ethereum and founder of ConsenSys, as a "global financial settlement layer."

IBM announced on July 17 this year that it will participate in a stable project called Stronghold linked to the US dollar. Although this IT giant is no stranger to the cryptocurrency field, stable digital currency (Stablecoin) has recently attracted more mainstream players, and investment from large institutions (such as Andreessen Horowitz and Peter Thiel) has begun to flood in.

For a transaction to be valid, there must be only one non-zero item on the stack when the script evaluation is completed. If there are still additional data elements on the stack, the script's calculation result is false. This is the same as the Bitcoin BIP62#6 rule.