加密小菲
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Why don't corrupt officials use Bitcoin or other virtual currencies to carry out bribery?
Bitcoin is not secure either; the safest is a leader from Zhuzhou, Hunan, who only looks after the businesses of trusted friends and brothers, but does not take money. He only says that when he retires, he will need their help, and in return, they will look after him, without specifying exact amounts.
So many projects point to him, but the final investigation indeed found no money exchanged, resulting in at most some verbal warnings.
His problem is that after retirement, when these brothers and friends give him money, he travels the world for 3-5 consecutive years. This action was too big and was ultimately discovered by the discipline inspection commission.
Imagine if he didn't mess around like that after retirement, just traveling in a small area or giving money to the next generation when he is about to die; this would be very hard to trace.
Or this money could be used for the next generation; he has been a leader in this life and has enjoyed everything he should, so he won't spend it. When he is about to die, he gives it to the next generation; how can this be investigated?
Because after retiring, if he is still willing to give money to his friends and brothers, these people are very reliable and will not expose him because they can completely choose not to give him anything; he has already retired and cannot be held accountable.
It can also be done more cautiously; it's very simple. I give my government information technology projects to the operators, and I recognize a certain leader from the operators, allowing him to frequently receive large projects and rapidly promote, absolutely refusing private enterprises for the projects. As for who the operator's leader gives the projects to, I do not care.
However, there are very profitable businesses within the operators, such as SP, relays, internal information construction, equipment procurement, or if relatives or friends want to work for the operators.
At this time, I can tell the operator's leader that I have a friend who wants to do some business with you. Would the other party refuse? These do not need to be agreed upon in advance and are hard to trace; this is called mutual respect, which can only be understood but not spoken.
Then, combined with what I mentioned above about delaying acceptance after retirement, it becomes even harder to trace, because the money earned by the corrupt official's friends comes from operating business and not from government projects.
In this process, you will definitely encounter people you misjudged. If the other party does not give, you have no way to do anything. But since he has been a leader for so long, he should not be poor at recognizing people, and there must be grateful individuals who will give back.
#ETH走势分析 $BTC
Bitcoin is not secure either; the safest is a leader from Zhuzhou, Hunan, who only looks after the businesses of trusted friends and brothers, but does not take money. He only says that when he retires, he will need their help, and in return, they will look after him, without specifying exact amounts.
So many projects point to him, but the final investigation indeed found no money exchanged, resulting in at most some verbal warnings.
His problem is that after retirement, when these brothers and friends give him money, he travels the world for 3-5 consecutive years. This action was too big and was ultimately discovered by the discipline inspection commission.
Imagine if he didn't mess around like that after retirement, just traveling in a small area or giving money to the next generation when he is about to die; this would be very hard to trace.
Or this money could be used for the next generation; he has been a leader in this life and has enjoyed everything he should, so he won't spend it. When he is about to die, he gives it to the next generation; how can this be investigated?
Because after retiring, if he is still willing to give money to his friends and brothers, these people are very reliable and will not expose him because they can completely choose not to give him anything; he has already retired and cannot be held accountable.
It can also be done more cautiously; it's very simple. I give my government information technology projects to the operators, and I recognize a certain leader from the operators, allowing him to frequently receive large projects and rapidly promote, absolutely refusing private enterprises for the projects. As for who the operator's leader gives the projects to, I do not care.
However, there are very profitable businesses within the operators, such as SP, relays, internal information construction, equipment procurement, or if relatives or friends want to work for the operators.
At this time, I can tell the operator's leader that I have a friend who wants to do some business with you. Would the other party refuse? These do not need to be agreed upon in advance and are hard to trace; this is called mutual respect, which can only be understood but not spoken.
Then, combined with what I mentioned above about delaying acceptance after retirement, it becomes even harder to trace, because the money earned by the corrupt official's friends comes from operating business and not from government projects.
In this process, you will definitely encounter people you misjudged. If the other party does not give, you have no way to do anything. But since he has been a leader for so long, he should not be poor at recognizing people, and there must be grateful individuals who will give back.
#ETH走势分析 $BTC
See original
What do you think is the essence of trading?
Starting from the monthly and weekly charts to look at the variety and make trades.
When looking at the big picture and making smaller trades, if you have 50 million, you can change the small cycle trends of 1 minute, 3 minutes, or 5 minutes. In the market, there are many people with 50 million, so the trends in small cycles are very unstable and have a low win rate.
If you have 5 billion, you can change the trends of daily and weekly charts, but those with 5 billion are usually institutions, and there are only a few large funds in the market.
Thus, the trends on weekly and monthly charts are relatively stable and do not change constantly; they often follow textbook trends.
So when you see the trend and direction of the larger cycle, find an entry point during a pullback, look big and act small, and that's it. Small cycles are just a part of the larger cycle.
I have studied many trading systems, and the few that are relatively reliable all follow this idea.
#加密市场观察 $BTC
Starting from the monthly and weekly charts to look at the variety and make trades.
When looking at the big picture and making smaller trades, if you have 50 million, you can change the small cycle trends of 1 minute, 3 minutes, or 5 minutes. In the market, there are many people with 50 million, so the trends in small cycles are very unstable and have a low win rate.
If you have 5 billion, you can change the trends of daily and weekly charts, but those with 5 billion are usually institutions, and there are only a few large funds in the market.
Thus, the trends on weekly and monthly charts are relatively stable and do not change constantly; they often follow textbook trends.
So when you see the trend and direction of the larger cycle, find an entry point during a pullback, look big and act small, and that's it. Small cycles are just a part of the larger cycle.
I have studied many trading systems, and the few that are relatively reliable all follow this idea.
#加密市场观察 $BTC
See original
Is it just me who hates this thing, wasting so many resources to mine a Bitcoin that doesn't even exist?
BTC only proposes a conceptual possibility, which is that no single person can tamper with the ledger.
Unless 51% of this chain is yourself.
The ETH proof shows that no one can owe money, smart contracts will definitely be executed, and we just need to pay a small cost to the miners, so there is no default.
It also proves that transferring stablecoins equivalent to real currency should not be too simple, without waiting for swift settlement, without paying a bunch of fees to banks and institutions, and without needing to explain where the money comes from or where it goes; the address will help you explain, and no one can arbitrarily revoke transactions. If there’s a lot of money, the fees don't matter, but if you just transfer $1000 and pay $35 in fees, where would you rob the money?
Unless 51% of this chain is yourself.
The ETH proof shows that no one can owe money, smart contracts will definitely be executed, and we just need to pay a small cost to the miners, so there is no default.
It also proves that transferring stablecoins equivalent to real currency should not be too simple, without waiting for swift settlement, without paying a bunch of fees to banks and institutions, and without needing to explain where the money comes from or where it goes; the address will help you explain, and no one can arbitrarily revoke transactions. If there’s a lot of money, the fees don't matter, but if you just transfer $1000 and pay $35 in fees, where would you rob the money?
See original
Does our country need to follow up on 'stablecoins'?
This is a currency war!!!
Bitcoin appeared in 2009, and USDT emerged in 2014. Bitcoin came first, followed by stablecoins.
Why did Bitcoin emerge? This can be traced back to the global financial crisis of 2008.
The U.S. subprime mortgage crisis led to a global financial crash. Satoshi Nakamoto believed that the root of all faults lay in the central bank's excessive issuance of currency and blind credit expansion. Thus, he created the world's first digital currency—BTC, aiming to completely undermine the foundation of fiat currency (fiat currency is the legal tender issued by the state).
When Bitcoin was first introduced, it went unnoticed. In 2010, a programmer exchanged 10,000 Bitcoins for a pizza. Later, Bitcoin surged, and many people thought it was a bubble. Now, over a decade has passed, and voices criticizing Bitcoin have become rare; Bitcoin's trend is subtly aligning with gold.
Bitcoin appeared in 2009, and USDT emerged in 2014. Bitcoin came first, followed by stablecoins.
Why did Bitcoin emerge? This can be traced back to the global financial crisis of 2008.
The U.S. subprime mortgage crisis led to a global financial crash. Satoshi Nakamoto believed that the root of all faults lay in the central bank's excessive issuance of currency and blind credit expansion. Thus, he created the world's first digital currency—BTC, aiming to completely undermine the foundation of fiat currency (fiat currency is the legal tender issued by the state).
When Bitcoin was first introduced, it went unnoticed. In 2010, a programmer exchanged 10,000 Bitcoins for a pizza. Later, Bitcoin surged, and many people thought it was a bubble. Now, over a decade has passed, and voices criticizing Bitcoin have become rare; Bitcoin's trend is subtly aligning with gold.
See original
Why can Solana become the fastest growing public chain system in the past two years?
Sol is similar to Dogecoin.
Based on PoS, but not decentralized, the founder has no intention of establishing a consensus public chain, essentially it's a standalone chain.
On this chain, from the infrastructure to the people playing on the chain, there is no intention of seriously doing business. You can understand it as a group of fun-seekers, similar to the creator of Dogecoin.
However, the financial backers of this chain are wealthy, attracting various types of scams to play through low costs.
Theoretically, a standalone chain can support itself as long as the server is not shut down and does not run away. Those meme coins are just the result of experts escaping too quickly.
However, it cannot be ignored that there is a demand for blockchain, a genuine demand, which cannot rely on a standalone chain.
But the consensus chain has been unable to solve the impossible triangle of blockchain for a long time.
Although it is slow, it cannot be unsolvable forever. Zero-knowledge proofs can allow Ethereum's second layer network to achieve performance similar to Solana.
Especially zk, which is fully compatible with the Ethereum Virtual Machine, can reach the same level of performance as Solana, only needing to solve the shared problem of Ethereum's security consensus to overcome the last barrier of real asset on-chain.
The value of blockchain has never been about issuing inexplicable coins. Now, meme coins, which have no value and are just air coins, will inevitably lead investors to pay a painful price.
#ETH走势分析 $BTC
Sol is similar to Dogecoin.
Based on PoS, but not decentralized, the founder has no intention of establishing a consensus public chain, essentially it's a standalone chain.
On this chain, from the infrastructure to the people playing on the chain, there is no intention of seriously doing business. You can understand it as a group of fun-seekers, similar to the creator of Dogecoin.
However, the financial backers of this chain are wealthy, attracting various types of scams to play through low costs.
Theoretically, a standalone chain can support itself as long as the server is not shut down and does not run away. Those meme coins are just the result of experts escaping too quickly.
However, it cannot be ignored that there is a demand for blockchain, a genuine demand, which cannot rely on a standalone chain.
But the consensus chain has been unable to solve the impossible triangle of blockchain for a long time.
Although it is slow, it cannot be unsolvable forever. Zero-knowledge proofs can allow Ethereum's second layer network to achieve performance similar to Solana.
Especially zk, which is fully compatible with the Ethereum Virtual Machine, can reach the same level of performance as Solana, only needing to solve the shared problem of Ethereum's security consensus to overcome the last barrier of real asset on-chain.
The value of blockchain has never been about issuing inexplicable coins. Now, meme coins, which have no value and are just air coins, will inevitably lead investors to pay a painful price.
#ETH走势分析 $BTC
See original
Do you think there will be a bull market this year?
If you have 3 million yuan, seizing just one bull market in your lifetime can ensure you live without worries...
Most people do not understand what a bull market means; it's a game of chip transfer. Generally, those with less principal will be more reluctant to leave the market at the end.
In the same doubling scenario, a person with an initial capital of 100,000 yuan would have 200,000 yuan, and they are particularly reluctant to miss an opportunity to get rich.
On the contrary, if a person with 3 million yuan already holds 6 million yuan, they are already very satisfied and can withdraw in batches, waiting for the next bull market.
As long as one experiences two rounds of a bull market, the principal can reach 10 million yuan. In a sense, one is already financially free.
Most people do not understand what a bull market means; it's a game of chip transfer. Generally, those with less principal will be more reluctant to leave the market at the end.
In the same doubling scenario, a person with an initial capital of 100,000 yuan would have 200,000 yuan, and they are particularly reluctant to miss an opportunity to get rich.
On the contrary, if a person with 3 million yuan already holds 6 million yuan, they are already very satisfied and can withdraw in batches, waiting for the next bull market.
As long as one experiences two rounds of a bull market, the principal can reach 10 million yuan. In a sense, one is already financially free.
See original
Looking back at history, where is Bitcoin's four-year cycle now?
Many people are concerned whether BTC still has a four-year cycle,
The last bull market in 2021 began discussions,
This is a matter of personal belief and perspective,
Those who believe will always believe, and those who doubt will continue to doubt,
Only those who believe and establish corresponding views,
Can make corresponding adjustments based on the cycle in their actions.
I believe there is still a four-year cycle,
But the fluctuations in the cycle may not be as large as before,
Looking at the price fluctuations from the historical highest point to the lowest point of each cycle,
From bull to bear, a drop of 78% in 2017, and a drop of 83% in 2021;
The drop in the 2025 cycle may not be as large,
Because there are more directions for speculation, and the funds are larger,
It is impossible to give more people the opportunity to get on board,
Or if the drop is too large, it will really become a bubble,
V will not come back.
Some believe that the high point of this round of the bull market was $126,000 at the beginning of October,
The trend for the next year or so is a continuous downward trend,
In past bull and bear cycles, the drop to the historical low point of the cycle occurred about a year after the high point,
If it drops by around 70%, the expectation is around $30,000 to $40,000;
If it drops by around 60%, the low point is about $50,000,
These are all data based on a rigid approach,
The future is unpredictable, and we can only interpret historical data.
Even if we ask various AI models, they cannot provide accurate answers,
After all, the market continues to fluctuate,
Affected by various factors, only time can reveal the answers.
The most important thing is what you believe in, which will determine what you do,
At the same time, you must also bear the corresponding risks,
There is also the possibility of going to zero.
Yesterday, CZ expressed his views at the year-end AMA event,
He said that the wealth penetration rate of the cryptocurrency industry is still less than 1%,
The market capitalization of cryptocurrencies can still increase by several orders of magnitude,
This also means that BTC is still at a low level and has a promising future,
He also said that the real win or lose is long-term,
It depends on who can persist more, who has more execution power, and who has more faith.
On January 3, 2009,
Satoshi Nakamoto mined the first block, known as the "Genesis Block", and received a reward of 50 bitcoins,
On January 12, 2009,
Satoshi Nakamoto sent 10 BTC to Hal Finney, initiating the first transaction on the Bitcoin blockchain,
By December 2025, the number of transactions on the Bitcoin chain has exceeded 1.28 billion, and Bitcoin has been operating without failure for 16 years.
In 16 years, there have only been 4 four-year cycles,
I believe the road ahead is still long!
#ETH走势分析 $BTC
Many people are concerned whether BTC still has a four-year cycle,
The last bull market in 2021 began discussions,
This is a matter of personal belief and perspective,
Those who believe will always believe, and those who doubt will continue to doubt,
Only those who believe and establish corresponding views,
Can make corresponding adjustments based on the cycle in their actions.
I believe there is still a four-year cycle,
But the fluctuations in the cycle may not be as large as before,
Looking at the price fluctuations from the historical highest point to the lowest point of each cycle,
From bull to bear, a drop of 78% in 2017, and a drop of 83% in 2021;
The drop in the 2025 cycle may not be as large,
Because there are more directions for speculation, and the funds are larger,
It is impossible to give more people the opportunity to get on board,
Or if the drop is too large, it will really become a bubble,
V will not come back.
Some believe that the high point of this round of the bull market was $126,000 at the beginning of October,
The trend for the next year or so is a continuous downward trend,
In past bull and bear cycles, the drop to the historical low point of the cycle occurred about a year after the high point,
If it drops by around 70%, the expectation is around $30,000 to $40,000;
If it drops by around 60%, the low point is about $50,000,
These are all data based on a rigid approach,
The future is unpredictable, and we can only interpret historical data.
Even if we ask various AI models, they cannot provide accurate answers,
After all, the market continues to fluctuate,
Affected by various factors, only time can reveal the answers.
The most important thing is what you believe in, which will determine what you do,
At the same time, you must also bear the corresponding risks,
There is also the possibility of going to zero.
Yesterday, CZ expressed his views at the year-end AMA event,
He said that the wealth penetration rate of the cryptocurrency industry is still less than 1%,
The market capitalization of cryptocurrencies can still increase by several orders of magnitude,
This also means that BTC is still at a low level and has a promising future,
He also said that the real win or lose is long-term,
It depends on who can persist more, who has more execution power, and who has more faith.
On January 3, 2009,
Satoshi Nakamoto mined the first block, known as the "Genesis Block", and received a reward of 50 bitcoins,
On January 12, 2009,
Satoshi Nakamoto sent 10 BTC to Hal Finney, initiating the first transaction on the Bitcoin blockchain,
By December 2025, the number of transactions on the Bitcoin chain has exceeded 1.28 billion, and Bitcoin has been operating without failure for 16 years.
In 16 years, there have only been 4 four-year cycles,
I believe the road ahead is still long!
#ETH走势分析 $BTC
See original
Why do many people choose to regularly invest in Bitcoin?
Many people choose to regularly invest in Bitcoin mainly for the following reasons:
Reduce Risk: The price of Bitcoin is highly volatile, and regular investments can average costs by investing a fixed amount periodically (known as 'dollar-cost averaging'), avoiding a large one-time investment at high points, thus reducing the risk brought by short-term market fluctuations.
Long-term Investment: Bitcoin, as a digital currency, is believed by some to have significant appreciation potential in the long run. The regular investment method is suitable for those who believe Bitcoin will continue to appreciate in the future and are willing to hold it for the long term.
Low Investment Threshold: Regular investments can be set for small amounts each time, eliminating the need for a large one-time investment, making it suitable for investors with limited funds or those who wish to diversify risk.
Reduce Risk: The price of Bitcoin is highly volatile, and regular investments can average costs by investing a fixed amount periodically (known as 'dollar-cost averaging'), avoiding a large one-time investment at high points, thus reducing the risk brought by short-term market fluctuations.
Long-term Investment: Bitcoin, as a digital currency, is believed by some to have significant appreciation potential in the long run. The regular investment method is suitable for those who believe Bitcoin will continue to appreciate in the future and are willing to hold it for the long term.
Low Investment Threshold: Regular investments can be set for small amounts each time, eliminating the need for a large one-time investment, making it suitable for investors with limited funds or those who wish to diversify risk.
See original
Does the virtual currency Bitcoin have value?
Bitcoin, what makes it valuable?
In August this year (2025), during an offline class, I was asked by the audience why Bitcoin has value without the endorsement of any country.
At that time, I used dozens of slides to explain this issue, but I couldn't succinctly express the source of Bitcoin's value in one sentence. I think a lengthy discourse is not the best way to explain the value of Bitcoin to everyone.
How to explain the source of Bitcoin's value in one sentence?
Now I would say: the combination of mechanism, necessity, and consensus allows Bitcoin to be a globally accepted store of value and anonymous payment tool, much like gold, but with superior attributes.
In August this year (2025), during an offline class, I was asked by the audience why Bitcoin has value without the endorsement of any country.
At that time, I used dozens of slides to explain this issue, but I couldn't succinctly express the source of Bitcoin's value in one sentence. I think a lengthy discourse is not the best way to explain the value of Bitcoin to everyone.
How to explain the source of Bitcoin's value in one sentence?
Now I would say: the combination of mechanism, necessity, and consensus allows Bitcoin to be a globally accepted store of value and anonymous payment tool, much like gold, but with superior attributes.
See original
Is there hope for the future of the Bitcoin ecosystem?
The Bitcoin ecosystem is a direction worth paying attention to because it is quite unique.
Returning to the current crypto landscape, it is quite clear. From the perspective of a layered architecture, L1 refers to POS public chains like ETH, L2 refers to second layers like BASE, and the third layer is actually platforms like web2 and virtuals that have provided a demonstration, to some extent solving the issues of capital entry and exit, at least establishing a paradigm.
As mentioned earlier, there is also a problem here, which is that the above paradigm solves the liquidity problem at the capital level, but a core issue is that the specific business of L3 is difficult to decentralize because L3 interacts with L2, while smart contracts run on L1.
Therefore, the product logic is constrained within the VM’s sandbox, and facing the intricate and complex demands of the real world, the possibilities for decentralization are very limited, which is why most decentralized offerings on the market are in DeFi.
One impressive aspect of the Bitcoin ecosystem is that Bitcoin itself is unlikely to run a VM; it can only run VMs on L2, allowing the specific business of L3 to be designed fully in a decentralized manner.
It’s like a webpage running in a browser; it can only be a webpage. If it runs on a PC, it can access all the resources of that PC.
If Bitcoin’s second layer becomes popular, it will definitely disintegrate all the internet giants because the concept of companies becomes weaker, with products and operations being fully decentralized.
Everyone collaborates according to an on-chain standard, using zk to verify the content delivered. For example, if you develop a game with 10 gameplay styles, they might come from 10 small teams, and items could come from other individual creators, then assemble them together.
This requires a very strong SOP process. Coincidentally, AI is particularly good at handling SOP tasks, so AI takes charge of process standardization, individuals are responsible for creating content, L2 handles verification, and Bitcoin is responsible for rights confirmation.
This is not only a complete disruption of the current decentralized infrastructure but also a reconstruction of the entire internet.
This will likely be a long-term endeavor.
#加密市场观察 $BTC
The Bitcoin ecosystem is a direction worth paying attention to because it is quite unique.
Returning to the current crypto landscape, it is quite clear. From the perspective of a layered architecture, L1 refers to POS public chains like ETH, L2 refers to second layers like BASE, and the third layer is actually platforms like web2 and virtuals that have provided a demonstration, to some extent solving the issues of capital entry and exit, at least establishing a paradigm.
As mentioned earlier, there is also a problem here, which is that the above paradigm solves the liquidity problem at the capital level, but a core issue is that the specific business of L3 is difficult to decentralize because L3 interacts with L2, while smart contracts run on L1.
Therefore, the product logic is constrained within the VM’s sandbox, and facing the intricate and complex demands of the real world, the possibilities for decentralization are very limited, which is why most decentralized offerings on the market are in DeFi.
One impressive aspect of the Bitcoin ecosystem is that Bitcoin itself is unlikely to run a VM; it can only run VMs on L2, allowing the specific business of L3 to be designed fully in a decentralized manner.
It’s like a webpage running in a browser; it can only be a webpage. If it runs on a PC, it can access all the resources of that PC.
If Bitcoin’s second layer becomes popular, it will definitely disintegrate all the internet giants because the concept of companies becomes weaker, with products and operations being fully decentralized.
Everyone collaborates according to an on-chain standard, using zk to verify the content delivered. For example, if you develop a game with 10 gameplay styles, they might come from 10 small teams, and items could come from other individual creators, then assemble them together.
This requires a very strong SOP process. Coincidentally, AI is particularly good at handling SOP tasks, so AI takes charge of process standardization, individuals are responsible for creating content, L2 handles verification, and Bitcoin is responsible for rights confirmation.
This is not only a complete disruption of the current decentralized infrastructure but also a reconstruction of the entire internet.
This will likely be a long-term endeavor.
#加密市场观察 $BTC
See original
Is possessing virtual currency illegal in our country?
In our country, is personal possession of virtual currency illegal?
In our country, will playing b lead to arrest? It is estimated that 90% of the people in front of the screen do not know.
Some people say: My friend bought coins and made money, nothing happened at all!
Some people say: You see in the news, they are arresting this thing every day, isn't that illegal?
In our country, this matter can be likened to 'picking up gold in a minefield'; gold can be picked up, but if you step on a landmine, you will be blown to pieces.
The key is that you must clearly know where the 'landmines' are buried.
In our country, will playing b lead to arrest? It is estimated that 90% of the people in front of the screen do not know.
Some people say: My friend bought coins and made money, nothing happened at all!
Some people say: You see in the news, they are arresting this thing every day, isn't that illegal?
In our country, this matter can be likened to 'picking up gold in a minefield'; gold can be picked up, but if you step on a landmine, you will be blown to pieces.
The key is that you must clearly know where the 'landmines' are buried.
See original
Is it safer to keep virtual currency in a digital wallet or on a trading platform?
If the amount is large, I have a truly secure method. Write your own wallet like I did. If you find it troublesome, discard the UI, mnemonic phrases, multi-chain support, protocol support, wallet management, and all other unnecessary features.
Just implement the step from private key to address generation. Taking ETH as an example (it's very easy), because the private key is essentially a number from 0 to 2 raised to the power of 256. Generating it only requires a cryptographically secure random number.
The subsequent hash functions and elliptic curve encryption algorithms are all open source on GitHub. You can surely find a library in the corresponding language. Then generate the address based on the private key.
Deposit assets into this address. Write the private key on paper (this step can be enhanced, for example, by choosing a known encryption algorithm, using a salt that is a number or string you will remember for a lifetime, or even writing a simple encryption algorithm to encrypt the private key.
The encryption and decryption functions do not need to be hidden. Protect your salt) and lock it in the safe you bought for 100,000 yuan. If you're not at ease, tear this paper into three pieces. Store them in three safes. Keep them at three different physical addresses.
A more friendly method is to store two pieces in safes at different banks. Keep one piece at your own home.
The only thing you need to worry about is whether this house might catch fire, experience an earthquake, or flood, causing the paper to be damaged. Otherwise, consider engraving it on three steel plates, which might be better.
So the key question is, how much money is worth doing this? If you have 80,000 BTC, I think there's nothing wrong with doing it this way..
#加密市场观察 $BTC
If the amount is large, I have a truly secure method. Write your own wallet like I did. If you find it troublesome, discard the UI, mnemonic phrases, multi-chain support, protocol support, wallet management, and all other unnecessary features.
Just implement the step from private key to address generation. Taking ETH as an example (it's very easy), because the private key is essentially a number from 0 to 2 raised to the power of 256. Generating it only requires a cryptographically secure random number.
The subsequent hash functions and elliptic curve encryption algorithms are all open source on GitHub. You can surely find a library in the corresponding language. Then generate the address based on the private key.
Deposit assets into this address. Write the private key on paper (this step can be enhanced, for example, by choosing a known encryption algorithm, using a salt that is a number or string you will remember for a lifetime, or even writing a simple encryption algorithm to encrypt the private key.
The encryption and decryption functions do not need to be hidden. Protect your salt) and lock it in the safe you bought for 100,000 yuan. If you're not at ease, tear this paper into three pieces. Store them in three safes. Keep them at three different physical addresses.
A more friendly method is to store two pieces in safes at different banks. Keep one piece at your own home.
The only thing you need to worry about is whether this house might catch fire, experience an earthquake, or flood, causing the paper to be damaged. Otherwise, consider engraving it on three steel plates, which might be better.
So the key question is, how much money is worth doing this? If you have 80,000 BTC, I think there's nothing wrong with doing it this way..
#加密市场观察 $BTC
See original
Which ledger do stablecoins like USDT rely on? Can ordinary people view the ledger?
As is well known, Bitcoin's distributed ledger relies on miners 'mining', which means solving hash algorithm problems, to determine whose ledger is used; that is, whoever has the most computing power, who can solve the hash value first, will obtain the right to keep the books. Stablecoins.
USDT is issued on many chains. Each network has its own block explorer. You can view data changes through the block explorer. It relies on smart contracts for deployment and operation. The earliest version was not called USDT and was issued on the BTC network. (BTC supports Turing incomplete scripts, so it is not qualified to be called a smart contract).
USDT is issued on many chains. Each network has its own block explorer. You can view data changes through the block explorer. It relies on smart contracts for deployment and operation. The earliest version was not called USDT and was issued on the BTC network. (BTC supports Turing incomplete scripts, so it is not qualified to be called a smart contract).
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What changes may occur in the anchored assets of stablecoins like USDT as the Federal Reserve cuts interest rates?
In September 2025, the Federal Reserve will begin the second round of interest rate cuts. The yield on one-month U.S. Treasuries will plummet from the peak of 5.5% to 4.145%, while the three-month yield will simultaneously drop to 4.02%. After a quarter of buffering, in December, the Federal Reserve will implement its third interest rate cut, further reducing the one-month Treasury yield to 3.68% and the three-month yield to 3.66%.
As the AI bubble stages release, the impact of declining interest rates begins to quickly transmit to the digital currency market. The core profit logic of mainstream currencies like USDT and USDC, 'interest rate spread income,' is under pressure. Cryptocurrencies like BTC are also entering a bear market again. The asset structure anchored by digital currencies will experience dual influences of regulatory constraints and income demands during the interest rate decline cycle, heralding the eve of a reconstruction in the industry landscape.
As the AI bubble stages release, the impact of declining interest rates begins to quickly transmit to the digital currency market. The core profit logic of mainstream currencies like USDT and USDC, 'interest rate spread income,' is under pressure. Cryptocurrencies like BTC are also entering a bear market again. The asset structure anchored by digital currencies will experience dual influences of regulatory constraints and income demands during the interest rate decline cycle, heralding the eve of a reconstruction in the industry landscape.
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Can Bitcoin really replace gold?
The true horror of gold lies in the fact that 70% of its holders are in a profitable state,
which means that as long as you are not someone with a mind disorder making random trades, buying gold will not result in a loss.
When you open the candlestick chart for gold, the weekly chart is a steady upward line that simply doesn't know how to drop.
However, Bitcoin's fluctuations are like a roller coaster, and it's even less stable than U.S. stock ETFs,
thinking of trading Bitcoin or using Bitcoin as a substitute for gold is simply a path to ruin.
#加密市场观察 $BTC
The true horror of gold lies in the fact that 70% of its holders are in a profitable state,
which means that as long as you are not someone with a mind disorder making random trades, buying gold will not result in a loss.
When you open the candlestick chart for gold, the weekly chart is a steady upward line that simply doesn't know how to drop.
However, Bitcoin's fluctuations are like a roller coaster, and it's even less stable than U.S. stock ETFs,
thinking of trading Bitcoin or using Bitcoin as a substitute for gold is simply a path to ruin.
#加密市场观察 $BTC
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Are there really people around who have become rich through Bitcoin?
A good friend of mine started dollar-cost averaging BNB in 2022. At first, he was also afraid of the fluctuations, but later he realized:
True gains come not from catching the lows, but from persistent buying. Now the returns are quite abundant; I don’t need to work, and I don’t worry about retirement.
I personally believe that there are three types of dollar-cost averaging strategies. See which one suits you.
Hello, I am Xiaofei, focused on cryptocurrency for 12 years.
Step one: Time-based dollar-cost averaging method
Buy the same amount at a fixed time each week, for example, investing 500U weekly, regardless of the price, just focusing on execution.
Over the long term, the average cost will naturally be smoothed out.
Step two: Laddering method
Set three price ranges, for example:
True gains come not from catching the lows, but from persistent buying. Now the returns are quite abundant; I don’t need to work, and I don’t worry about retirement.
I personally believe that there are three types of dollar-cost averaging strategies. See which one suits you.
Hello, I am Xiaofei, focused on cryptocurrency for 12 years.
Step one: Time-based dollar-cost averaging method
Buy the same amount at a fixed time each week, for example, investing 500U weekly, regardless of the price, just focusing on execution.
Over the long term, the average cost will naturally be smoothed out.
Step two: Laddering method
Set three price ranges, for example:
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A colleague of mine made quite a bit trading cryptocurrencies; what does everyone think about trading cryptocurrencies?
The number of people making money in the crypto world is actually very small. Making money in crypto is very simple, but not easy at all.
It's simple: you buy Bitcoin, do nothing, leave it for a few years, and the trend makes you money.
There are also people who made money by luck, but they are rare.
Those who trade cryptocurrencies cannot be obsessive; some people insist on making 10 million, and 9.99 million is not enough, resulting in a drop from 9.99 million to zero.
Some people insist on making 100 million; 50 million is not enough, and then they go from 50 million to zero.
Cryptocurrencies are not money; no one treats them as money, especially those who play with cryptocurrencies.
Therefore, the number of people who actually make money is very few.
It's simple: you buy Bitcoin, do nothing, leave it for a few years, and the trend makes you money.
There are also people who made money by luck, but they are rare.
Those who trade cryptocurrencies cannot be obsessive; some people insist on making 10 million, and 9.99 million is not enough, resulting in a drop from 9.99 million to zero.
Some people insist on making 100 million; 50 million is not enough, and then they go from 50 million to zero.
Cryptocurrencies are not money; no one treats them as money, especially those who play with cryptocurrencies.
Therefore, the number of people who actually make money is very few.
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Is it feasible to issue your own cryptocurrency?
Steps to issue a cryptocurrency:
1. Create a cryptocurrency Token
You can choose to create your own cryptocurrency token on any public blockchain network, such as but not limited to ETH, Solana, TRX.
There are many tutorials online, just Google it, I won't elaborate here.
2. Contact an exchange, pay the listing fee, and related fees.
For example, but not limited to OKEx, Binance, Bitget.
The listing fee varies depending on the reputation of the exchange, ranging from about 1,000,000.
Of course, you need to prepare a website, white paper, and other content in advance. These things can be resolved with money. The surrounding costs are about 200,000.
1. Create a cryptocurrency Token
You can choose to create your own cryptocurrency token on any public blockchain network, such as but not limited to ETH, Solana, TRX.
There are many tutorials online, just Google it, I won't elaborate here.
2. Contact an exchange, pay the listing fee, and related fees.
For example, but not limited to OKEx, Binance, Bitget.
The listing fee varies depending on the reputation of the exchange, ranging from about 1,000,000.
Of course, you need to prepare a website, white paper, and other content in advance. These things can be resolved with money. The surrounding costs are about 200,000.
See original
What is Bitcoin?
There has always been this debate in the cryptocurrency circle: is mining or directly buying cryptocurrencies more profitable?
Especially this year is a tumultuous autumn. Should I mine? Directly buy virtual currency? This year's market is deadly.
Putting aside the conclusion of the analysis, which is 'playing tricks', today's guide will detail the differences and characteristics of the two.
Mining vs Buying Coins
Mining definitely requires mining machines, and the prices of mining machines are not fixed, but are determined by graphics cards and market conditions.
For example, when the price of coins skyrockets, miners wanting to mine flood into the market, leading to supply not meeting demand, 'hard to find one', and prices naturally rise. When coin prices decline, graphics cards become unsellable or miners sell off, causing the prices of graphics cards to drop.
Especially this year is a tumultuous autumn. Should I mine? Directly buy virtual currency? This year's market is deadly.
Putting aside the conclusion of the analysis, which is 'playing tricks', today's guide will detail the differences and characteristics of the two.
Mining vs Buying Coins
Mining definitely requires mining machines, and the prices of mining machines are not fixed, but are determined by graphics cards and market conditions.
For example, when the price of coins skyrockets, miners wanting to mine flood into the market, leading to supply not meeting demand, 'hard to find one', and prices naturally rise. When coin prices decline, graphics cards become unsellable or miners sell off, causing the prices of graphics cards to drop.
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Why is it not allowed to engage in virtual currencies domestically?
This year, a "financial pyramid scheme" occurred in Fujian, where a criminal group used stablecoins as a payment tool, creating fake trading platforms through shell companies, promising high returns of 1%-2% per day, enticing investors to invest, leading to 2 million investors losing 13 billion yuan.
Cities like Shenzhen, Beijing, and Shanghai, where financial innovation is active, are particularly hard-hit by such illegal fundraising.
Some people leverage high-end financial seminars to promote "cross-border stablecoin wealth management" to high-net-worth individuals, falsely claiming "to connect with compliant licenses in Hong Kong"; some induce foreign trade companies to exchange payment for "self-developed stablecoins" under the guise of cross-border e-commerce payment, resulting in broken capital chains;
Some even take advantage of the concentration of financial technology companies in Shenzhen to package "stablecoin underlying asset projects" at entrepreneurial forums, targeting technology practitioners for infiltration.
There are even cases of individuals issuing stablecoins under the guise of companies, leading institutions to repeatedly debunk rumors, with financial regulatory authorities in multiple regions intensively issuing risk warnings about this.
At the same time, channels like stablecoins and coin merchants have become rapid money-laundering pathways for telecom fraud funds and criminal dirty money.
According to statistics from the professional company Chain Security Lab, from January to November this year, the total inflow of addresses associated with stablecoin-related crimes reached 118.6 billion yuan,
They claim this is only the recorded direct capital inflow and does not include subsequent multiple money-laundering or deep concealment of such funds.
This organization stated that stablecoins have become one of the core and most active funding channels in the current cross-border gray and black crime system.
Note that this is only regarding stablecoins that are legal in the United States and Hong Kong, not the legitimate virtual currencies that everyone is playing with, like Bitcoin and such.
Thus, for those engaged in gray industries, it's truly a case of: give me a pivot, and I can lift the earth; give me a title, and I can scam the whole world.
Just think, merely a few concepts and slogans can be creatively exploited by gray industries. For more complex virtual currencies, would the state dare to loosen its grip? Can it afford to?
Do you think the outright ban on virtual currencies domestically is to prevent the common people from getting rich?
In fact, it is to protect more dreamers of wealth who are highly likely to pay an intelligence tax to the gray industries.
#巨鲸动向 $BTC
This year, a "financial pyramid scheme" occurred in Fujian, where a criminal group used stablecoins as a payment tool, creating fake trading platforms through shell companies, promising high returns of 1%-2% per day, enticing investors to invest, leading to 2 million investors losing 13 billion yuan.
Cities like Shenzhen, Beijing, and Shanghai, where financial innovation is active, are particularly hard-hit by such illegal fundraising.
Some people leverage high-end financial seminars to promote "cross-border stablecoin wealth management" to high-net-worth individuals, falsely claiming "to connect with compliant licenses in Hong Kong"; some induce foreign trade companies to exchange payment for "self-developed stablecoins" under the guise of cross-border e-commerce payment, resulting in broken capital chains;
Some even take advantage of the concentration of financial technology companies in Shenzhen to package "stablecoin underlying asset projects" at entrepreneurial forums, targeting technology practitioners for infiltration.
There are even cases of individuals issuing stablecoins under the guise of companies, leading institutions to repeatedly debunk rumors, with financial regulatory authorities in multiple regions intensively issuing risk warnings about this.
At the same time, channels like stablecoins and coin merchants have become rapid money-laundering pathways for telecom fraud funds and criminal dirty money.
According to statistics from the professional company Chain Security Lab, from January to November this year, the total inflow of addresses associated with stablecoin-related crimes reached 118.6 billion yuan,
They claim this is only the recorded direct capital inflow and does not include subsequent multiple money-laundering or deep concealment of such funds.
This organization stated that stablecoins have become one of the core and most active funding channels in the current cross-border gray and black crime system.
Note that this is only regarding stablecoins that are legal in the United States and Hong Kong, not the legitimate virtual currencies that everyone is playing with, like Bitcoin and such.
Thus, for those engaged in gray industries, it's truly a case of: give me a pivot, and I can lift the earth; give me a title, and I can scam the whole world.
Just think, merely a few concepts and slogans can be creatively exploited by gray industries. For more complex virtual currencies, would the state dare to loosen its grip? Can it afford to?
Do you think the outright ban on virtual currencies domestically is to prevent the common people from getting rich?
In fact, it is to protect more dreamers of wealth who are highly likely to pay an intelligence tax to the gray industries.
#巨鲸动向 $BTC
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