Technology and Engineering

Of course not. You can understand it this way: scarcity is only a "necessary condition" for value, but not a "sufficient condition." If something is merely scarce but has no use or consensus, it won't...

This question is actually quite interesting, as it touches upon the very essence of all "money." Think of it this way: a 100-yuan bill in your wallet is essentially just a piece of paper with some pri...

This is an interesting question, and the answer is: it can both amplify and weaken its borderless nature. It's like a double-edged sword, and the specific outcome depends on the type of political risk...

Let's put it this way: these two developments sound like they're "taming" Bitcoin, and many initially felt this was a bad thing, going against Bitcoin's spirit of freedom.

The answer to this question, simply put: Yes, both in theory and often in practice, this is the case. Let me explain why in plain language. Imagine capital controls as a "wealth fence" a country puts ...

This is an interesting question, like asking "Can gold challenge the status of the RMB?" The answer is: they are quite different, playing different games, yet somewhat related.

Let's put it this way, this matter is actually quite easy to understand. You can imagine a country's sovereign currency (like the RMB or US dollar) as "stock" or "shopping vouchers" issued by a super-...

Hello! This is actually a very interesting question, and I'll try to explain it to you in simple terms. You can imagine Bitcoin as a global "internet celebrity," and each country's regulatory policies...

It depends on the location, but in most countries, it is not considered "legal tender." First, we need to understand a term: "Legal Tender." Simply put, "legal tender" is a form of payment that a coun...

This is quite an interesting topic to discuss, almost like something out of a sci-fi movie, but it's indeed a serious concern that people are actively considering.

Yes, absolutely, and it's fair to say that without technologies like the Lightning Network, Bitcoin would struggle to be truly "usable." Let me give you an analogy, and it will become clear.

To put it this way, Bitcoin is like digital gold, while Ethereum is more like a world computer. Bitcoin's core value lies in "simplicity" and "reliability.

This is an excellent question because it touches upon one of Bitcoin's most fundamental and paradoxical aspects. I'll try to explain it in simple terms.

Let's put it this way: the security of the Bitcoin network is the "foundation" of its long-term value. If the foundation isn't stable, no one dares to live in a skyscraper built upon it, and naturally...

Hello, regarding this question, I'll share my thoughts, trying to explain it in simple terms. This is indeed a very core controversy in Bitcoin's development to date.

To put it this way, answering "yes" or "no" to this question would be somewhat one-sided. I'd lean towards saying: Proof of Work (PoW) is the cornerstone of Bitcoin's value, but not its entire value.

You can understand it this way: the money we usually use, like deposits in a bank, is accounted for and managed by the bank, which acts as a "central" authority.

This is an interesting question and a topic many people are concerned about. I'll try to share my thoughts in plain language. First, it's true that Bitcoin has the potential to become a "safe haven as...

Let's put it this way: this idea is common, but not entirely accurate. Mining cost is more like a "soft cushion" than an absolute "hard floor" that the price will never fall below.

You can think of a Bitcoin ETF as a "Bitcoin-themed stock." Before its advent, buying Bitcoin was a bit cumbersome. You had to register on specialized cryptocurrency exchanges, figure out how to use d...