Bitcoin's Time of Demise
Bitcoin is a virtual cryptocurrency proposed by Satoshi Nakamoto in 2008, not controlled by traditional financial institutions such as governments or banks. Its issuance and trading rely on the existence of the internet, allowing transactions to occur anywhere in the world. It also possesses value storage capabilities.
Basic attributes:
Global circulation
Decentralization
No transaction fees
Anonymity and privacy protection
Having considered the above points,
Bitcoin is inherently suitable for illegal activities (such as pornography, gambling, drugs, arms trafficking, human organ trade, slavery, etc.) and gray market activities (such as smuggling, tax evasion, embezzlement, etc.).
The global economic scale in this area is also relatively large.
Additionally, with the backing of certain governments and financial individuals, it is quite normal for it to be so expensive now.
Discussing the time of Bitcoin's demise, Bitcoin primarily determines ownership through a combination of addresses and passwords. Once quantum computers mature, these anti-theft measures will be as fragile as paper.
Timeline: I expect it to be on April 1, 2039.
Bitcoin is a virtual cryptocurrency proposed by Satoshi Nakamoto in 2008, not controlled by traditional financial institutions such as governments or banks. Its issuance and trading rely on the existence of the internet, allowing transactions to occur anywhere in the world. It also possesses value storage capabilities.
Basic attributes:
Global circulation
Decentralization
No transaction fees
Anonymity and privacy protection
Having considered the above points,
Bitcoin is inherently suitable for illegal activities (such as pornography, gambling, drugs, arms trafficking, human organ trade, slavery, etc.) and gray market activities (such as smuggling, tax evasion, embezzlement, etc.).
The global economic scale in this area is also relatively large.
Additionally, with the backing of certain governments and financial individuals, it is quite normal for it to be so expensive now.
Discussing the time of Bitcoin's demise, Bitcoin primarily determines ownership through a combination of addresses and passwords. Once quantum computers mature, these anti-theft measures will be as fragile as paper.
Timeline: I expect it to be on April 1, 2039.
