1 thought on “Lesky Bitcoin's ecosystem”

  1. This article is "Blockchain -Technical Promoting Finance" Reading Notes 2

    Still writing an article positioning: Give Xiaobai.

    This bosses, please examine my thinking logic and criticize me severely.

    This is very important for the learning of alone, thank you, bow.

    Why are the articles given by Leski as Xiaobai?

    . Because I am indeed Xiaobai myself. Strictly speaking, my awareness system for Bitcoin and blockchain has been established solidly from July 1st, that is, yesterday. Many of my concepts are the most basic. That's right, the purpose of Lesky writing is to improve self -knowledge and reach the fog to the future. So start learning from the most fundamental but most important foundation; it is common sense for people, but for me, it is very, very necessary to accurately understand the logic of concepts and sort out Bitcoin and blockchain Write out.

    The ecosystem of writing Bitcoin today is the second point:

    . As a small white, select the project or direction when investing in the future, and from the design of the project, you must follow the project design of the project. Logic starts, you cannot simply buy and sell.

    Lesski's first article is the investment concept of sorting out the book "Freedom of Fortune" within two days.

    The most important one of them:

    Intersection Intersection Intersection

    Please keep in mind this sentence and engraved in your cognitive system. It does not guarantee that you will never make chives, but if you violate this, you are the next leek, and you will always be leeks.

    The study of basic concepts is for preparation for future investment. This is essential. rn rn 进入正题, 比特币的生态系统这个概念是鲤斯基自己创造的,因为比特币给我的感觉就是一个生机勃勃的生态环,有水和空气,有植物,有Animals, also microorganisms, depend on each other and are perfectly closed.

    After all, the articles read are limited. I don't know if the word is accurate. Ask the big guys to correct it.

    . Leski still starts with the concept summarized:

    The so -called ecology is -how does Bitcoin maintain the system's self -operation?

    The everyone should understand why Lesky is interested in this aspect. When investing in the project, the most considering considering is whether the design logic of this project is reasonable, whether it can operate by itself, and whether it can bring some changes to the future, rather than just circle money.

    So is it necessary to analyze its ecosystem?

    In:

    has a very important part of the ecosystem of Bitcoin. Because it is decentralized, there is no authority to manage and manage and and Coordination, so the most clever is the design mechanism, allowing these parts to check and balance these parts, both competition and collaboration.

    1. The transaction part (the person who trades Bitcoin)

    2. The mining part (miner, mine, mining pool)

    3 3 The value part of Bitcoin (market, investor confidence)

    It a picture to represent the relationship between the three.

    The can be seen that Lesky believes that the three are perfectly formed a closed loop. Since Bitcoin was born, although it has undergone not recognized and suppressed, it has proved its vitality. I think this closed loop is worth analyzing.

    The information generated by transaction -only information only with distributed accounting (the land used in blockchain) -The new Bitcoin -Bitcoin Circulation -Bitcoin Circulation- The transaction generates information

    The ecosystem has several very important points, which is the consensus mechanism of Bitcoin that everyone has always said. Leski believes that the so -called consensus is a balance point that all participants reach for the benefit. Let's take a look at where a few balance points are.

    1. The security of the algorithm gives traders confidence consensus.

    The use of public keys, private keys, and hash indexes during the transaction, plus the algorithm of the blockchain distributed bookkeeping, can ensure the smooth progress of the transaction, and ensure that your currency can also be guaranteed It is definitely your currency. The basic concept in this area can read my article yesterday. (But there are some problems with Bitcoin algorithms. Each transaction is recorded for 10 minutes, which means that the miners can only process 7 transaction information per second, and the transaction has been waiting for a long time. This is very competitive. )

    but the basic security of the transaction can ensure that the person who trades has always held basic confidence, so the part of the transaction will not shrink. Trading information will always be generated, which is the foundation of the ecosystem.

    2. The reward mechanism and game of mining to the consensus of miners.

    This here is the most exciting design of Bitcoin. Lesky believes that it not only considers algorithms and cryptography, but also considers the knowledge of game theory, psychology, economics, etc. Very thorough. Let's focus on analyzing this part:

    The only way to generate the new Bitcoin is mining. In order to get Bitcoin and transaction fees, the miners will invest in equipment and time to do this. At the same time, the completion of the blockchain distributed bookkeeping. Half of the ecosystem appeared, right.

    The award for mining in the early stage. Each block can get 50 Bitcoin. The price of the Bitcoin when Leski currently writes is two million yuan. Change you, don't you go?

    Of course, the mining is not so cool now. The design mechanism of Bitcoin makes mining more and more difficult:

    1. The rewards every four years are halved. The second four -year block of 25 bitcoins, now 12.5.

    2. The mining itself requires huge computing power and has random characteristics. In other words, it is not that your computing power is high, and your probability will definitely be able to dig, but the probability you dig is a little more likely to be more (very around). With more and more competitors, mining needs to invest hugely. The financial resources not only need the latest and most advanced computer hardware to help calculations, but also the power consumption and the distribution of calories, nor can it be affordable, so it is now the world of mine or mining pool.

    This parts can be written a lot. After all, most of this book is writing the game of mining mechanism.

    (Xiaobai does not want to get your MAC mining in your brain ... No, no, the latest Mac Pro will not work ...)

    Figure (mine)

    has become more and more difficult for mining, resulting in the cost of miners, so that the miners will naturally not be able to do it.

    The miner is not done, isn't this over? Who goes to account, who is to maintain the blockchain?

    In no one's bookkeeping, how can the transaction be done?

    The half of the Bitcoin ecological closed loop appears.

    Bitcoin is appreciated!

    The miners in the early stage are loyal supporters of Bitcoin, using love to generate electricity. But everyone knows that this is not long, so the key step of Bitcoin is to let more people understand its existence, and because of its unique creativity (decentralization, blockchain) Confidence or belief. Because of the original position of Bitcoin, the potential of the new technologies created by the blockchain, and the rationality of its own algorithm, people recognize its value.

    This part is economics.

    Is reached a consensus when people reached the value of a scarce item, it has a stable value.

    The value is determined by people's consensus.

    Prinked?

    of course, the value of value is not just such a simple thing. When Bitcoin is recognized by the public, its value is incorporated into the market system. Not just a few supporters can decide. But now we know that Bitcoin has begun to be valuable and has risen very high.

    . As a community of interests, the miners will continue to work hard. The blockchain can continue to exist. People have confidence. Bitcoin can continue to be used in transactions. almost done.

    This due to interests, the ecosystem will constantly add new parts. For example: wallets that are born to preserve Bitcoin to facilitate the birth of exchanges. And investors and speculators who make money. This is also an indispensable link in the market.

    All ecosystems can rotate the root of consensus. That is, the multi -party balance of the design of the mechanism.

    In the next time I look at the project, what should you watch?

    The see if the ecosystem can operate, to see what the need to solve, and see if the people in each link can win a win -win situation, rather than one party cut off the other.

    What else should I see?

    The see if the project can establish public confidence and build value.

    The that is to pull most people into this ecosystem.

    The specific operation, Eight Immortals crossed the sea, we have seen a lot.

    sometimes need a little luck, right.

    4. Supervisor

    The decentralization is the ideal of Bitcoin, but in reality, it is impossible to ignore the existence of centralization for the time being.

    The existence of regulators has a certain positive role. In the Bitcoin system, due to the lack of algorithm and mechanism, there will be When, the large -scale gathering of computing power is often a centralized right. Therefore, the community of Bitcoin also reached a consensus, intentionally maintaining the scale of the mining pool, and avoiding a unique family. Among the existing projects, centralization also exists, and Leski believes that it is not fully believed that decentralization is good. It depends on the needs of the ecosystem, and the ecosystem will be self -corrected. The centralization and decentralization can be changed. But once there is a center, it is not easy if you want to remove it. In this regard, not everyone can achieve the restraint of the Bitcoin community. Respect humanity.

    . After the marketization of Bitcoin, the government's attitude is also important. Some regulators completely blocked Bitcoin and various virtual currencies and exchanges, which will affect the price fluctuations of Bitcoin, but the ecosystem has formed, and it is absolutely impossible to die. Some requests to engage in bitcoin related activities should be registered in the government (New York), which is mainly for Bitcoin to be used by criminal activities. No matter from which angle, complete decentralization can only be theoretically theoretically. After all, centralization means that concentrated strength to do major events is still necessary for solving a problem.

    . For example, the algorithm defect of Bitcoin has not been able to reach an improvement consensus. Due to the more and more people in the ecosystem, the modification of the core algorithm should be impossible.

    This that made Leski think that in fact, the design of a token system is like God's Genesis. The designer must consider many aspects and even have a vision of more than decades and hundreds of years. A complete ecological closed loop. In this regard, although Bitcoin is not perfect, it can also change the design of the world. And an ecological benign system will have the possibility of self -growth. Of course, in terms of improvement, I personally think that it still needs a centralization. For example, currency is necessary for the continuous improvement of the platform. But whether the currency will be decentralized in the future, this depends on its own growth. I dare not comment.

    So Leski wrote so much, and the suggestion to Xiaobai also gives himself:

    . Look at the project to see the ecosystem, the founder (nonsense)

    2. Raising cognition to touch the future. We can't do the creators, at least we must see who has the potential of the creators.

    So will Bitcoin rise?

    The see what you think ~ (Don't forget, you are also an important part of the ecosystem)

    Welcome to pay attention to Leski, improve growth together, the future is available in the future. ~

    Is Xiaobai Getting Started: How to decentralize Bitcoin, what is a blockchain?

    Reading "Freedom Freedom" experience: the most practical investment method?

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