Musk bullish bitcoin, Wall Street crazy buy bitcoin! Is bitcoin inflation a conspiracy of the United States?

On March 13, 2021, bitcoin soared to more than US $60000. Behind the surge of bitcoin, musk was on the crazy platform, while the giants of Wall Street and Silicon Valley were buying it.

For example, the gray scale fund, which I introduced to you before, currently holds more than 650000 bitcoins, accounting for 3% of the total amount of bitcoins, with a value of more than US $38 billion. One of the gold owners behind the gray scale fund is the famous Wall Street female version of Warren Buffett.

In February 2021, Tesla announced that it had spent $1.5 billion to buy bitcoin. In just over a month, the profit may have been as high as $1 billion, more than the money Tesla made by selling cars in the past year.

The craziness of Wall Street makes many people wonder: is bitcoin a conspiracy of the United States against the eastern powers? A lot of media big V also take the opportunity to exaggerate, the United States is monopolizing bitcoin, to guard against the currency war launched by the United States.

Similar arguments can be seen everywhere on the Internet. Bitcoin and blockchain have been developing for so many years, but I can still hear such a statement. I have taken a look at the big V views on the market that bitcoin is a conspiracy of the United States

Wall Street and Silicon Valley in the United States are buying bitcoin. Bitcoin, a giant platform in the United States, is designed to attract investors from other countries to enter the sheepfold like sheep, and then harvest them, so as to exchange their cheaper and cheaper US dollars for high-quality assets of other countries.

At first glance, it seems reasonable and logical, but what I want to tell you is that these people either come to deceive the public because they don't understand it, or they understand it themselves, but they try to confuse black and white in order to attract people's attention or for some reasons, telling you that bitcoin is a conspiracy of the United States and creating panic. If it's the former, at most it's the misunderstanding of the bitcoin. At most it's stupid. If it's the latter, it's bad.

So, anyone who tells you that a country or an individual can monopolize bitcoin is a liar.

In the bitcoin world, computing power is king. What is computational power? As I said before, bitcoin is actually a big account book. Everyone can keep accounts, and there are rich rewards for bookkeeping. At present, anyone who can record a page in the account book can get 6.25 bitcoins. According to the price of 359310 yuan a bitcoin at 11:15 pm on March 23, 2021 Beijing time, it is 2.25 million yuan. In addition to this reward, there are other people who transfer money Income from handling charges.

Bookkeeping can get high income, so many people want to keep accounts. How to decide who will keep accounts at this time?

Therefore, each participant has to do a math problem. Whoever does it first will get the right to keep accounts and the corresponding income.

The characteristic of this mathematical problem is that the forward operation is very simple, but the reverse operation is very difficult. It is so difficult that only one number can be tried.

For example, it's easy to know how many cakes there are in each of the two carts of Wuhan University. But if I only tell you that there are 1000 cakes in each of the two carts, and ask how many there are in each of the two carts, it's not a simple question. If I'm not lucky, I have to guess hundreds of times to get the right result.

The so-called computing power is simply understood as the number of times such operations can be performed per second. The faster the operation speed is, the greater the probability of the result being calculated first, and the greater the possibility of obtaining the bookkeeping right of bitcoin.

With the development of bitcoin, the computing power of the whole network of bitcoin has been increasing in recent years. At present, it is 1.6 * 10 ^ 20h per second, which is equivalent to 500000 times of the total computing power of the world's top 500 supercomputers.

Who can control 51% of the computing power of bitcoin network can control bitcoin. So where is most of bitcoin's computing power distributed? The answer is, China.

According to the data of the emerging financial center of Cambridge University (CCAF) in April 2020, although China's proportion of computing power has declined, it is still as high as 65%. The United States, which ranks second, only accounts for 7%, which is close to Russia. China is a province, and one Xinjiang autonomous region is equivalent to five United States. In terms of bitcoin computing power, the United States is not qualified to say that it is the same as China in terms of strength Talk to China.

In addition, eight of the world's top ten mines are in China, and one of the other two is founded in China. The only person in the world who once controlled 51% of bitcoin's computing power is a Chinese. In addition, the world's top three miner manufacturers are all from China. Because of this, it is often said that China monopolizes bitcoin mining.

If bitcoin is a conspiracy of the United States, will the United States give control of bitcoin to China?

If bitcoin is a conspiracy, then according to the logic of big V, it should be the Americans who suspect that bitcoin is a conspiracy of China.

(2021-3-31)