Interpretation of "People's Daily: Bitcoin is difficult to enter the mainstream"

I am not a Bitcoin fan or critic, I am loyal to Bit and will introduce the most objective facts to everyone.

Of course I didn't use Photoshop to modify it. I just moved the mouse over it and it automatically added a red frame. Then I took a screenshot directly without any modification.

Official attitude:

1. It is not said to be a pyramid scheme, right? If it is a pyramid scheme as some haters say, would they report that "Bitcoin is difficult to enter the mainstream"? The implication is that it is OK in the non-mainstream. If it is a pyramid scheme, would they say so? Pyramid schemes are not even allowed in the non-mainstream.

2. Have you read the content? Just search the title on Baidu. Many big websites have reprinted it. The content is both positive and negative. I personally think the positives outweigh the negatives.

3. Intercept some of the content:

From the perspective of currency function, Bitcoin seems to have a certain market in some developing countries with poor financial systems. For example, Argentina has become an important "testing ground" for Bitcoin.

( Comment : They actually said "from the perspective of currency function". Could it be that the official attitude has gradually regarded Bitcoin as a special currency? And they kindly gave suggestions on the path to Bitcoin's success, which is to go to developing countries with poor financial systems. )

In recent years, both Bitcoin and the Bitcoin "concept" have become one of the important asset portfolios of "aggressive" investors.

( Comment : Bitcoin is said to be one of the important asset portfolios. Does this imply that "aggressive" investors are encouraged to allocate some Bitcoin?)

Bitcoin has brought about an attempt to decentralize currency. Bitcoin does not rely on a specific central issuing agency, but uses distributed data throughout the P2P network nodes to record currency transactions. There is no centralized clearing agency, which reflects the embryonic form of electronic currency virtualization and challenges the shortcomings of the current international monetary system.

( Comment : This is a popular science introduction to Bitcoin knowledge, which is relatively objective and positive. Decentralization is one of the most important features of Bitcoin. And the description is relatively accurate.)

The emergence of virtual currencies such as Bitcoin has also increased the possibility of in-depth application of blockchain technology. The value of this technology is far greater than Bitcoin itself, and it can effectively promote smart transactions, distributed equity issuance and asset transfer.

( Comment : He highly praised the blockchain technology and was optimistic about its future. He said that the value of technology is far greater than Bitcoin itself, so he believes that Bitcoin itself is also valuable. He slapped the faces of Bitcoin haters who said that Bitcoin itself has no value.)