Bitcoin: The ideal and reality of decentralization. Although Bitcoin is decentralized, after entering society, anyone holding Bitcoin may still be interfered with and controlled by the government or major forces #Bitcoin#blockchain

The content of the video mainly discusses the decentralized characteristics of Bitcoin and its investment value, and analyzes the development, market trends and potential problems of Bitcoin from the author's perspective. Abstract: The decentralized characteristics of Bitcoin: The video emphasizes that Bitcoin, as a decentralized digital currency, is implemented by technology rather than controlled by governments or institutions. Its original design philosophy was to avoid any single controller and give users more freedom. Comparison with gold: The author compares Bitcoin with gold and believes that gold has natural decentralized properties because it cannot be copied or tampered with. Although Bitcoin is decentralized, after entering society, anyone holding Bitcoin may still be disturbed and controlled by the government or major forces. The example mentioned in the article is the incident of Zhao Changpeng, which shows that even Bitcoin holders may be restricted by centralized forces. Bitcoin’s market changes and personal experience: The author reviewed his initial dislike of Bitcoin until its value gradually increased, and finally realized the investment value of Bitcoin as digital gold. In his opinion, the uniqueness of Bitcoin is that its scarcity and technical barriers are incomparable to other virtual currencies. Mining and Market Challenges: The author also explores the fierce competition and technological iteration of Bitcoin mining. With the improvement of mining machine performance, it is difficult for ordinary people to obtain Bitcoin through personal computer mining. Continuous updates of mining machines and increased electricity costs make entering the Bitcoin mining market more difficult. Criticism of other virtual currencies: In addition to Bitcoin, the article criticized other virtual currencies (such as Ethereum, Litecoin, etc.), believing that they lack the technological and market advantages of Bitcoin, and called them "digital silver" and "digital bronze". The Future of Bitcoin: The author believes that the ultimate value of Bitcoin will continue to rise as its scarcity manifests itself. Even if there is competition from other virtual currencies in the market, Bitcoin, as the originator of the market, is difficult to replace its position.