The biggest advantage of Bitcoin

There is no doubt that Bitcoin has created countless firsts in human history, such as the establishment of the first distributed digital currency, the first use of the Internet to improve the human credit system, the first use of cryptography to protect private property from infringement, etc. So what is the biggest advantage of Bitcoin?

In Yike's opinion, the biggest advantage of Bitcoin is that it uses the fastest transmission speed to form equal wealth transfer and thus eliminate various ideologies in the world.

It sounds very mysterious, so profound that it is incomprehensible. But don't worry, just listen to the stranger's story.

1. Speed

Bitcoin can transfer wealth with six confirmations, which takes about an hour without adding handling fees. This time may sound unreliable, but if you think about it carefully, it has reached the limit of the average speed of human wealth transmission.

Pay attention to the word "average". Average means many things. For example, many people are crazy about China's GDP, thinking that we should be able to step into the level of developed countries. However, if you look closely, the per capita GDP of the people is pitifully small compared with other countries, and the standard for measuring national strength is precisely the average. The same is true for the speed of currency transmission.

The inconvenience of cash transactions has been known to many people. It is troublesome to carry, inconvenient to use and change, and it consumes a lot of manpower and material resources to transport. If you look at the money transporter, you will understand it immediately. It is not only bulky but also unsafe and easy to be robbed. Can it be fast to transport such banknotes to various places by car? Therefore, it is an irreversible trend that cash is gradually replaced by electronic ones.

Of course, there are seemingly faster forms of transfer for electronic money. Transfers between Alipay accounts can be made instantly, and the speed of transfers between the same bank should not be underestimated. However, we should pay attention to some issues, such as: Alipay is believed to have set transfer limits, what about inter-bank transfers? What about large transfers? Not to mention transfers between countries, banks in various countries have to transfer money and then remit the money, which is cumbersome and extremely time-consuming, and can take up to one to three days. Considering the foreign exchange policy issues of some countries (for example, a country suddenly imposes foreign exchange controls), the time loss of each level of approval and review is even more immeasurable.

Looking at Bitcoin on the other hand, as long as the network exists, wealth can be transferred at any time anywhere in the world, and there is no limit on the amount.

Some people may argue that Bitcoin is not used because the Internet is a prerequisite for its use. If Bitcoin is transmitted to a place without Internet, the speed will be greatly delayed. This idea is of course wrong. Even if there is no Internet in a certain place, Bitcoin will be transmitted to a nearby place with Internet at the fastest speed, and then exchanged, thus delivering wealth to that place at the fastest average speed.

Many people will still disagree with this because the word "exchange" appears in the above text. You should know that many regions do not support Bitcoin at all, so it is impossible to exchange it. Then how can we talk about the rapid transfer of wealth?

Yes, in the current situation where Bitcoin is not widely accepted, it sounds ridiculous to transfer wealth to a country where "Bitcoin transactions are prohibited", but this is not the case.

Because it brings up the concept of “equal wealth”.

2. Equal Wealth

Let’s first popularize the concept: the essence of money is一般等价物.

Continuing from the above, if you want to transfer wealth to a country where "Bitcoin transactions are prohibited", Bitcoin will then play a great "free matching" function under the influence of the network.

This country may not accept Bitcoin, but will it accept the US dollar? Will it accept the Japanese yen? Will it accept the Chinese yuan? Will it accept the euro? There are hundreds of currencies in the world, and these currencies are inextricably linked to each other. Bitcoin can naturally find a way to be the "general equivalent" between currencies, and then become the exchange link between these hundreds of currencies.

This "natural matching" effect of the network is very scary. Through the network effect, various currency demands can be screened and classified. This is a bottom-up move that is completely in line with the market economy. Bitcoin will select the fastest and most acceptable currency exchange form from various exchange forms, and then Bitcoin will begin the process of "saving the country in a roundabout way", first exchanging it for other types of currency, and then transferring wealth to countries where "Bitcoin transactions are prohibited".

The first one or two times may be very slow, but soon as the network is locked in rounds, the fastest path will be selected. The exchange between these hundreds of currencies is complicated, and no matter how fast the exchange is, there will always be a faster one.

What is even more amazing is that no matter how currencies change, Bitcoin acts as the "general equivalent of general equivalents", which is superior to other currencies in terms of law.

This means that Bitcoin's transmission of wealth is actually standing on the shoulders of giants. Not only does it not conflict with the banking system, but it uses the banking system to help itself transfer wealth. This is somewhat similar to the unique skill of the Gusu Murong family, "returning favors in their own way."

Because of the existence of Bitcoin, banking systems around the world will gradually simplify their bloated structures, huge personnel expenses and other troublesome expenses.

Subtly, Bitcoin has penetrated into every corner of the world. By the time I type the next word of this article, Bitcoin has already completed multiple exchanges.

3. Eliminating Ideology

What are the benefits of fast exchange? It can speed up the trade process and eliminate ideology.

Although diversity is the source of happiness, we should also be aware that today's social productivity is far from developed, so ideology is an obstacle to human development.
At present, there are many ideological barriers between currencies, and friction between countries can easily hurt currency exchange. You want the Palestinian people to use the Israeli currency? Is that a joke?

In fact, humans have been using gold and silver as precious metals for quite some time. Wherever gold and silver go in the world, they are gold and silver. There is a classic line in the TV series "The Hidden" that says: If you have two gold bars in front of you, which one do you say is noble and which one is dirty?

However, as time went by, people gradually realized that gold was heavy and inconvenient to use, which greatly restricted the transmission speed (refer to the first paragraph: speed). Also, because countries were very secretive about their gold reserves, the electronic circulation of gold became an "impossible" task.

The credit currency, the US dollar, naturally became the successor. With the support of a strong national power, it is exchanged and used all over the world. Even the mortal enemy of the United States, Bin Laden, took two things with him when he fled: Ak47 and US dollars, which shows the strength of the US dollar. However, there are places where the US dollar does not work, such as... North Korea. If you secretly give dollars to Kim Jong-un, Kim Jong-un will probably happily put them in his pocket, but if you dare to spend dollars on the streets of North Korea, there will naturally be active "Pyongyang District People" who will report you, so that you will end up being shot by machine guns.

Bitcoin can inherit the fine tradition of gold being "borderless" and will naturally replace the credit currencies of various countries and circulate in the market.

To give you a simple example, with Bitcoin, you don't have to go to the bank to go through complicated procedures before traveling to most countries. Once money or cards are lost, or you spend more than your budget, your family or relatives and friends can help you solve the urgent problem by just sitting at home and clicking the mouse.

For example, if an American businessman wants to do business with Iran, he does not have to worry about cumbersome exchange procedures. He can convert US dollars into dinars through transit exchanges in other countries. He only needs to lock in the value of the transaction subject through hedging and transfer Bitcoin.

Luo Pang said it well in the Luoji Siwei program, the best thing about this world is that it recognizes money instead of people. Wealth is not limited by age, nationality, or race. Bitcoin, as a carrier of wealth, is even more so as a "general equivalent of a general equivalent" (see Section 2 above). We should naturally reject war and welcome trade.

Although the gap between the rich and the poor will always exist, only continuous trade circulation can eliminate the problem of wealth solidification as much as possible and lead the world to a more peaceful path. In this regard, Bitcoin, through high-speed circulation, carries out equal wealth transfer, which invisibly adds new fuel to trade progress and human development.

The ideal of "world peace" will first start with "monetary peace", and Bitcoin will take the lead and open this extremely grand new chapter in history.

After all, Bitcoin has only been around for six years. Compared with the "precious metal currency" that has lasted for thousands of years or the "credit currency" that has been around for decades, Bitcoin is undoubtedly still in its infancy.

Everything is bound to be a community of contradictions, and so is Bitcoin. Advantages and disadvantages permeate both sides of Bitcoin, causing countless controversies. At this stage, Bitcoin certainly has various shortcomings, such as a limited audience, inconvenient use, difficult storage, and resource consumption in production, etc. However, at present, all shortcomings can be corrected and eliminated by technical means. These shortcomings cannot cover up the advantages of Bitcoin, and Bitcoin deserves the idiom "the flaws do not cover up the merits".

But as time goes by and the Internet becomes more and more popular, the role of Bitcoin will only become more and more prominent.

As the saying goes, there is nothing more surprising than the one that is beyond the one that is beyond the one. When one wave moves, all waves follow. When the wind and water are surging, the sky is high and the clouds are light. When the sea is turbulent, the true character of a hero is revealed. Bitcoin is on the road of growth, and it will undoubtedly be firmly rooted in the network and further magnify its own advantages.