Chapter 173

Miao Kexin immediately raised a question: "do you mean that no one can control bitcoin? Nakamoto can't control it?"

"Of course I can't control it." Zheng Siyi explained again: "for example, if he made a puppy, the puppy would listen to him. But if he made a dinosaur, would the dinosaur listen to him?"

"Since he is not obedient, what good does he have?" Ruolan asked suspiciously.

Zheng Siyi was helpless and spread her hands: "if you are a mathematician and took several years to solve Goldbach's conjecture, what benefits have you got?"

Ruolan understands that what Nakamoto Cong gets is an intangible benefit.

Miao Kexin didn't believe it at all. She questioned again: "since he is a mathematician and his algorithm, doesn't he have as many bitcoins as he wants?"

"He did dig 50 bitcoins, only so many. The bitcoin algorithm is public, and the time of generating money is fixed. Anyone can test it, and anyone can see how much the current total amount of money is." Zheng Siyi explained again.

"What if the country declares bitcoin illegal?" Bai Mei asked.

"That doesn't affect the existence of bitcoin. There is a market when there is demand. Now cross-border remittances go through layers of foreign exchange control institutions, and the transaction records will be recorded by many parties.

But if you trade with bitcoin, directly enter the digital address and click the mouse, a large amount of money will pass. Without any control organization, there will be no cross-border transaction records, and there is no fee. "

Miao Kexin still shook his head and said, "I feel that this thing has no value. There are too many uncertain factors."

Bai Mei said seriously, "the value of this currency must be unstable, so there are risks in both investment and mining. Why don't we design some of the simplest computers that don't need monitors and sound cards, which can only be used for mining, and then sell them to those mining people, maybe we can make some money."

Xiao Shan's eyes brightened. My sister hasn't learned in vain for a year and a half. The key is not to be confused.

Miao Kexin thought, however, who can't do such a simple thing? Since anyone can do it, they can only fight the cost and earn hard-earned money. In the end, the market will be saturated in a few days. How can they make money?

Zheng Siyi asked Ruolan, "what do you think?"

Ruolan smiled:

"I think bitcoin can be invested. Didn't Xiao Shan say that the demand driven trend is unchangeable? When everything is uncertain, it is also the time when the price is the lowest, which is suitable for buying; when everyone is optimistic, that is, when there is excessive speculation, it is suitable for selling. Just fry a stock."

Miao Kexin and Zheng Siyi were stunned.

They suddenly found that Ruolan studied hard every day, and unconsciously, she had grown to this height.

The shadow of Xiaoshan can be seen in that lofty pattern.

Ruolan looks at Xiaoshan. She knows that Xiaoshan certainly doesn't know about bitcoin, but she believes in Xiaoshan's judgment.

Xiao Shan smiled and said, "each of you is right."

The fourth daughter was so angry that her teeth itched. Are you so kind? Completely opposite views, are they all right?

Xiao Shan explained seriously:

"First of all, I said Siyi was right. Bitcoin does have huge demand. As long as there is demand, it has investment value, so bitcoin is worth investing and buying.

If LAN is right, bitcoin can not be held all the time. It should be sold at the peak of the wave, bought at the valley and held periodically like operating stocks. This requires very high judgment and operating skills, which is more suitable for Enron.

Kexin is also right. This thing has no value of "existence", and there are too many uncertain places.

For example, a country suddenly closes the bitcoin exchange. Another example is that hackers break through the exchange platform and steal bitcoin. It will deal a fatal blow to the price of bitcoin and make the price of bitcoin rise and fall like a roller coaster.

Bitcoin can be traded. As long as there is a transaction, the capital giant has a way to regulate its price. Without national forces as the background, bitcoin itself has no way to deal with its price fluctuations.

Therefore, the controllability of bitcoin is destined to perish.

It can be said that bitcoin is a phased product. When the advantages outweigh the disadvantages, its price will rise one wave after another.

However, with the development of science and technology, the advantages of Siyi will find new solutions. The advantages of bitcoin will no longer exist, and finally it will fall sharply. Precisely because there is no national support, it will perish directly.

So, fundamentally speaking, bitcoin is a bubble, a pyramid selling scheme.

But do bubbles have no investment value?

Think about whether tulip bubble has investment value?

From 1634 to 1637, in three years, the price of tulips in the Netherlands increased a thousand times. A "forever Augustus" sold for 6700 Dutch guilders, enough to buy a luxury house in Amsterdam canal, but the people's income was only 15 Dutch guilders a year at that time.

What business is more profitable than participating in tulip investment?

What we need to do is to rationally judge when the bubble will burst and quit rationally before it is destroyed.

In my judgment, bitcoin will not perish in 20 years.

On the contrary, the investment returns brought to us are huge and even terrible.

Therefore, my sister is also right. The mining machine contains huge profits. "

Bai Mei was very excited.

Miao Kexin three people all doubt that bitcoin contains huge profits. They all believe that the mining machine also contains huge profits? You spoil your sister too much, don't you? Computer mining who can't, how profiteering?

Xiaoshan smiled and continued to explain:

"The random value generated by the bitcoin designed by Nakamoto cannot be deciphered by the fixed algorithm. The correct answer can only be tested by the exhaustive method, which requires a lot of computing power to constantly test what the random value is.

At the beginning, few people participated in guessing puzzles. This random value is easy to guess and requires little computational power. Ordinary computers can do it.

But as more and more random values are guessed, more and more bitcoins are rewarded and more people participate, you need faster and more powerful computing power, otherwise you will be guessed by others.

Therefore, my sister is right. There is a demand for professional mining machines. This is the first place to invest.

But the income from mining is unstable. How to make it stable?

This need is easy to solve.

The answer is that as long as a bunch of people form a mining group, it's OK. The excavated bitcoin is distributed according to the proportion of mining machines invested by each person. Isn't it profitable?

We can call this place, where thousands of mining machines can be placed for collective mining, a mining pool.

The mine pool is the second place to invest.

These are not enough. How can bitcoin be traded freely? This requires a trading platform similar to Taobao. Therefore, bitcoin exchange is the third place to invest.

But these are difficult to form technical barriers, that is, monopoly profits can not be formed. So which link in the industrial chain can form monopoly?

It's chip design and chip manufacturing! That's the focus of our investment.

However, it will take at least half a year from the chip design to the production of the mining machine. Therefore, the first thing to do now is to buy bitcoin slowly and buy as much as possible until the mining machine is produced, and then push it up sharply. "

Several women are suddenly impressed. Xiaoshan wants to use bitcoin to give birth to the semiconductor industry chain!

They immediately admired Xiaoshan and looked up to Xiaoshan like a God. When they were still debating whether it was valuable, Xiaoshan had calculated every step of mining gold. How far is the gap?

The next day, it was Christmas.

Xiaoshan took Ruolan and Baimei to Ziyu villa and bought a three-story hardcover villa with an area of 900 square meters, which cost 15 million yuan.

Later, Jiang Liangqing bought special security monitoring equipment to protect the whole villa. The enemy can see it from any direction.

Later, Jiang Liangqing, Tiehu and others lived in this villa to completely solve the security problem.

On the 26th, bitcontinental officially announced its establishment, with an investment of 40 million yuan, with Ding Yuan as CEO.

The company rented an office building as the place for chip design and the place for the design team.

Nothing else.

After the training of establishing teana.com and learning from teana.com and various experts this year, Ding Yuan has completely transformed and is completely a smart entrepreneur image.

It can be said that he has this gene in his bones. He is good at decision-making and is suitable to be an entrepreneur.

After receiving Xiaoshan's appointment, Ding Yuan was so excited that I finally became the boss!

19-year-old CEO, is there anyone younger than me? Er, except Xiaoshan.

After the media coverage, countless people couldn't figure it out.

What is Xiaoshan doing? What does it mean? And bitxiang river?

Only the person in charge of company registration knows the inside story. Bitland means the soil that breeds bitcoin. The company's main business is chip design and electronic product development.

Chip design is not chip manufacturing.

The design can be completed on the computer. As long as there is a place, designers and design software, it can be completed at almost zero cost.

But for chip manufacturing, the investment is too large. Take the 130 nm process as an example. If the wet lithography is successful and the process technology breaks through, we should first build a wafer factory, then wafer cutting equipment (cutting chips), and then lithography equipment. All kinds of equipment, just throw money and buy it. There is no $500 million that can't play.

In the chip design industry, Intel's technology is the highest, and there are many design patents. Other companies accidentally fall into the patent trap and become infringement.

But Intel's chip manufacturing is not good, at least not as good as too much battery.

This is the advantage of vertical division of labor. If you do this, you can easily surpass your opponents.

Because TSMC doesn't do chip design at all and only focuses on OEM manufacturing for chip design companies, Intel trusted him and handed over some chip manufacturing orders to TSMC without worrying about his divulging the secret of design.

Therefore, the most expensive link is left to TSMC, and the investment of $40 million is enough.