Recent bitcoin fire suddenly up in the Chinese circle, it seems to the tipping point. Six months ago I downloaded, but did not figure out how to use that look back at the wiki, on the side give forgot. Now want to repent, if the start is estimated at several hundred bar can get ...
This project is very interesting, or very cool, and unprecedented. I bitcoin attitude is strong support, and wish it success. I am willing to accept bitcoin paid for my software or something. Yun Feng article is currently the most clear bitcoin Shui principles, but everywhere there are many questions, I put common Yiwenhuizong up, as I understand Zuogehuida, operator make questionable. I also visit the computer, mathematics in general, do not understand economics, so it may be wrong, we can continue to Paizhuan.
Where a credit guarantee
Credit problems most frequently considered, for example, now money is government guarantees, bitcoin who secured? In a note before looking in nature that people just "not readily available," as the equivalent of resources, such as shells. Later use of precious metals. And then later linked notes and precious metals, and finally cut their ties in recent decades these last few steps is the thing.
Now we note that there is a credit guarantee, and a sense that yes, central banks provide this guarantee. But there is another point of view, such a credit guarantee completely unreliable. The present inflation and tight, the economy is good or bad, are related and the central bank to issue currency, or, more precisely, and the Fed about. Who will guarantee they do not recklessly currency?
People expressed concern about the devaluation of paper money will buy a lot of precious metals in the hope "hedge", shows that people also do not trust the current monetary system. Bitcoin this change to the machine and the algorithm can not bitcoin can not be guaranteed any super-fat, if you want to change the algorithm, it is necessary most of the p2p network nodes are replaced by a new algorithm, otherwise it is meaningless, in other words, bitcoin credit people who rely on their own to use bitcoin guaranteed. In this sense, bitcoin reliable than the central bank credit.
You never know what is done behind the national central banks, is about to do, but you can clearly see the bitcoin code, algorithms and all the details to know. Which is more credit?
2 bitcoin whether and matching the total economy, it can lead to inflation do not match
bitcoin monetary unit BTC, in accordance with the present algorithm can produce up to 21 million (which may take 100 years ...), and the current world economic output does not match. But I think the BTC and is not meaningful to compare the total economy, the current economy is the use of notes (such as U.S. dollars) to measure, such measure are not the real "economic output", or the total economy the word is meaningless for bitcoin system.
In fact, this issue should be a change, that is, the adequacy of BTC. This problem, do not worry. BTC is now displayed after the decimal point two, in fact, after the decimal point within the store 6. That is 21 million * 10 ^ 6, the number has a big scary. This means that behind, BTC can be seen as infinitely divisible, and if the stock of scarce, people will use smaller units, such as 0.00001BTC can buy a bottle of Coke, and if the stock too much, people will adopt a more major units, such as 10BTC can buy a bottle of Coke.
In fact, such use can also be gold, but gold is not really infinitely divisible, not to carry the transfer is not good, in fact, can not really be used this way.
Because there is no junk currency the central bank, so there is no inflation in a vicious fast. BTC production rate stability, people can use a reasonably long period of time to the goods and services unit pricing, this price is relatively stable.
3 bitcoin ease of loss or theft?
The problem is https: / / en.bitcoin.it / wiki / Securing_your_wallet in detail
Summarize, in fact, you only need to ensure that their wallet.dat file exists, you will not lose money. Because bitcoin system, the amount of money you have is calculated based on a single transaction, and there is a single transaction in the entire p2p network. Even if your computer breaks down, as long as you save the wallet.dat, will be able to regain a single transaction, your money will, and no less.
As for theft, if your wallet.dat was taken away by anyone, that would indeed stolen. This file is in fact the private key. Therefore, this document should be protected. Which have provided the link in the safe custody of the systems approach of this file. A file in a safe manner to ensure that there are many, you can also consider simply using the truecrypt encryption, the secure enough.
Encrypted files can be saved to the following E-mail or other cloud storage systems, and not worry about damaged. You can also create multiple wallet.dat, each of which save money, were stored in different places, so even if the loss of a loss is not great.
As reality has lost wallet, credit cards stolen brushes, online banking theft and so on for property damage. bitcoin but the reality a lot safer, in reality, you almost can not go to enhance their level of online banking security, but bitcoin the wallet does have many ways.
4 bitcoin random distribution is issued it?
Although many people say the Fed increase the money supply, but it is not filled with casually looking for a lucky guy to plug the money, but to issue bonds or into bank loans. But bitcoin process is hit in the calculation, and seems to be casually issued.
There's a misunderstanding, Bitcoin the mining process is not in the air to do the calculation to find random numbers, but to trade a single treatment, this treatment ensures the normal operation of the entire system, this is the mining of people are doing, they spent computing resources to ensure normal trading, and have some chance to get a return. This is also the rewards of labor, as the first gold digging, and they do not get gold, get out of thin air, but also after the return of their labor.
5 bitcoin system security, how to do if things go wrong?
bitcoin rely on public private key exists, for sufficiently large public and private key system, there is no way to break or damage, the only way to counterfeit is to brute-force, which at the time and computing resources are very worthwhile. (Say, 100 years out of a pair of public and private key to fake?)
If the public and private key system has been found in math really a vulnerability to a large number of forgery, bad luck from time to time just bitcoin, the whole society should collapse. At present human society places too much reliance this encryption system, and including the banks. So, bitcoin still more than in the security (at least not less than) the current banking system.
6 Why do people accept bitcoin?
People just because they like to accept bitcoin. For example, I liked, so I am willing to accept. An equivalent, is only willing to admit how much his people. Even the currency, say dollars, is the world's common currency, but you are in China, to the convenience store downstairs in U.S. dollars cash to buy a bottle of drink, can succeed? Similarly, there are a huge appreciation of the renminbi expected, but you get the RMB in cash to the United States grocery shopping, can succeed? So any equivalents, including money, are recognized within a limited range. Present in geek / hacker in, BTC is gradually being recognized, this is a good trend.
bitcoin Forum BTC based on a variety of business, looks pretty good. After more and more people should be willing to use the BTC.
ps: at the forum last night I made a small business, made a 1BTC. Work for the business took about 20 minutes. If my MBP dug 1BTC, about 5 days. Therefore, the normal flow of the system up as soon as possible, we used to have money.
7 bitcoin Why not be tracked
bitcoin payment address can be easily created, wallet can also be easily created. And bitcoin software itself will be in your collection after each generate a new address, the next time you should use the new (old of course, can also be used) to track money transfers which become very difficult (although all published in the p2p network), corresponding to a specific person is even more difficult, than the existing financial system at least much more difficult.
8 bitcoin to spend a lot of computing resources, is not it too low carbon out?
You know there in order to maintain currency, the world needs a waste of resources? Although bitcoin consuming energy, the total cost of no more than those institutions ...
@ Soulhacker replied: " WoW gold is the hard currency once (and quite stable RMB exchange rate), but later found additional means players So inflation, devaluation, and with WoW's more casual and fast food of the issuance and inflation accelerating ... "
Finally, many of the problem, are not fundamentally understand the operation of bitcoin method, it is recommended to read up on cloud wind of this basic principle Bitcoin
update: I added a valuable message posted here, Thank you
Two feedback:
The first is based on point 4, in fact, you said yes, but easy for little knowledge of the misunderstood, that he personally paid for the labor of calculation is, each work must be rewarded. In fact not at all, in fact, be part of that new production is a P2P network all the time computing nodes of the reward, does not ultimately reward equivalent to that person paid. In fact, really is the ultimate access to people who were scattered as far as possible destinations, to ensure BITCOIN the entire system. The system that even if this time the result of collective work to a personal points wildly hit the jackpot, will eventually enter the circulation and for the benefit of all users. Add just a little afraid of other people misunderstood
The second is that period on the supplement WOW, WOW gold devaluation is not indeed a very powerful players find additional means, of course, does have, but that the impact of the exchange value of the not so great, and slow. A multiple of the depreciation of the real or BLZ own version upgrade, adjust the task, and falling gold output, so the figures for the depreciation of gold produced. This was confirmed on the central bank of touch. But even if this is the case, the probability of influence by the equipment as long as the probability Need not adjust the value of a certain period of time, or stable, although you need to spend more to buy WOW gold, but you need to buy more gold the number of physical currency RMB is not much change, change only the exchange rate, but no change in real purchasing power
Posted by: Gossipsama | May 23, 2011 4:30 PM
BTC was originally want to write an article on the blog's privacy:) But suddenly this is so hot and do not want to catch a hot spot.
BTC on Anonymity on the wiki page is very interesting, actually live in China to take make assumptions. And referred to baidu;)
MyBitcoin is an interesting service, can be used to address many privacy issues.
Posted by: Cloud | May 23, 2011 4:31 PM
"kw: mesh, networking, freedom, p2p, internet, bitcoin, asterisk, google, google voice, android, root, free, wireless, data, linux, voip, voice
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