Bitcoin grassroots entrepreneurial Road: Live in Two Worlds

Bit currency veteran player Mao (network ID: God fish btcer A few months to feel their daily life busy and full, before the bitcoin world like his more than 20-year-old very guest Many, now appear a lot of "tyrants", only November, the currency price from about 1000 yuan rose to nearly 7000 yuan.

Such a surge has undoubtedly attracted many speculators, the shadow of the aunt and Wenzhou businessmen appeared in the upsurge, the media's follow-up report sparked a new round of the public to question bitcoin.

But when the public debate over Bitcoin, the fish is relatively calm, since 2011 as a Bitcoin player, he has experienced the price of Bitcoin at least four times the sharp plunge, small ups and downs also more than 10 times. For him, pure currency price rise and fall is only a small spray of the sea, he is more concerned about the macro-level dynamics, such as the recent U.S. Department of Justice and the Securities Commission, as well as governments around the world to hold the attitude of Bitcoin.

Let him feel the hope is that the legalization process of Bitcoin in step by step progress, Baidu accelerated music, shell nets, Shanda's real estate companies, China Telecom, Jiangsu Online Business hall, etc. began to accept the Bitcoin payment, the world and the real world of the Bitcoin a closer. The idea that Bitcoin might change the current financial system could lead to the emergence of a new generation of internet giants based on Bitcoin, he said.

From a more practical point of view, in addition to the early accumulation of the God fish Bitcoin also has a greater appreciation of space, His shift from player to entrepreneurial identity will also be more valuable: a miner digging data access Center F2pool ore pool and a information site to popularize bitcoin knowledge, yibite.com, will make a bigger change in his life.

For now, at least, the future depicted by the fish is still "unthinkable", he also admits that Bitcoin is a "currency experiment", but he added "great" two words to the two word "money experiment", insisting that the change that Bitcoin is about to bring will change people's lives like the Internet.

Grassroots players

2011 is the earliest time that Chinese people touch Bitcoin, especially in May-June, the price of Bitcoin broke through 1 dollars and began to attract the attention of the whole world, including the Fish of God.

The fish was just a student majoring in communication engineering and cryptography, when he saw bitcoin in American tech media and podcasts (video sharing), he was excited and spent months looking at the foreign forum system, and he thought that bitcoin's idea of "going central" was very much in line with the values he was pursuing, Start trying to be a bitcoin player.

The first fish is the producer, that is, the role of mining, at that time, only a few people dug mine, we have a common hobby set up an interest group, with the gradual expansion of the crowd, did a forum for everyone to popularize basic technology and knowledge, and later this crowd is growing, meaning that the responsibility is also heavier. At the beginning of the 2012, the first grade of the God fish to study the choice of suspended, threw into the coin of entrepreneurial tide.

After the suspension of the god fish formed a team of about 20 people, created a f2pool mine pool and a site bit. In contrast to bitcoin China, a team of 5 million of dollars invested by returnees, the fish is relatively grassroots. According to him, the current f2pool ore pool about tens of thousands of people, a bit of users also about tens of thousands of people, although the two projects have profits, there are early investment, but do not rely on these to make money-the team itself has a large number of Bitcoin, and continue to mining income to support.

The fish did not disclose the amount of Bitcoin they possessed, but in the early days of the excavation, it was able to dig up to thousands of bitcoin a day, and the price had risen by nearly 1000 times times. The fish team also has a large number of Wright coins (the same as the bit-currency network currency), the conservative estimate also reached 10,000 times times.

Two Worlds

When the price of bitcoin is close to 7000 yuan, many senior Bitcoin players become millionaires. But for the general public, who does not understand the Bitcoin principle, this looks more like an incomprehensible "digital game". But in the eyes of Bitcoin players, this electronic world will trigger change.

Unlike the real-world monetary system, bitcoin's emphasis on "going central", especially the limited amount of Bitcoin issued, has created a "deflationary" world, a stark contrast to the reality of "inflation".

"We have basically started to deal with life in a deflationary world," he said. said the fish. Although they maintain their businesses by digging up revenues and have some cash flow, they rarely sell bitcoin. "In our opinion, cash is not important, it is bitcoin." ”

Such a sentiment also comes from the experience of God fish, he had bought a notebook computer with 20 Bitcoin, then value less than 10,000 yuan, according to the current market capitalisation reached about 120,000. Even if Bitcoin is now caught in a high price, they still choose to hold it, and for them the bitcoin is more of a belief.

At present, God fish only maintain the basic cost of living, reduce unnecessary luxury, entertainment, which no longer continues to consume in the "inflation" world, and instead focuses on the "deflationary" world, the number of bits that can be dug every day is already getting smaller as the amount of Bitcoin is limited, and the day in the Bitcoin world begins to equal the next 100 days.

For God fish, Bitcoin not only brought him the first bucket of gold, but also let him change a way to see the world, such as cherish time, do the present and so on. Even if the "great Money Experiment" failed, God Fish believed it would have far-reaching effects on social progress and financial change.

Return to zero risk

In the Bitcoin world, it's not uncommon for millionaires to emerge as prices soar. Some early mining team, because the profit is very impressive, in the Bitcoin market virtual IPO, profit reached hundreds of millions of yuan. If such a "currency practice" fails, all these numbers are not zeroed in.

God fish think this is "outsider" view, and as bitcoin "insider", the general view in the circle is that zero risk cannot be said completely, but is very low, because Bitcoin is a peer-to-peer network, once the start cannot stop, and is a perfect system, "we have more confidence in him."

There are also a number of entrepreneurs around Bitcoin, such as mining machine production, hardware production, trading websites, financial derivatives, information and news. In addition to the entrepreneur, the Bitcoin system is the most important two groups of people, a group of early bottom miners, to obtain the cost of Bitcoin low income stability, the other is the new approach of speculators, the bitcoin speculation.

God Fish believes that, from a speculative point of view, sharp fluctuations in prices may bring economic losses, he said that the reasonable price of bitcoin should be around 400 dollars. "The current boom slump is a condensed dotcom bubble that belongs to the early days of the ecology." ”

After a lot of media coverage of Bitcoin, the industry has become more and more parties, almost every week there are gatherings around the country, usually the content will focus on the existing risks, but the discussion is more about the future.

At least for now, the Bitcoin trading platform is still vulnerable, and there are some incidents of hacking. In addition, Bitcoin transactions have been confirmed for a long time, but also wasted space in the block. In addition to price fluctuations like roller coaster, the outside world does not understand the principle and the traditional financial practitioners address, Bitcoin has a long way to go.

But the fish is still bullish on future developments, "no matter how the future of Bitcoin will change the current financial system." Bitcoin has a huge space to develop in the future. ”