Is Bitcoin an energy currency? Bao Erye will help you uncover the mystery of Bitcoin!

You may have heard of Bitcoin before, and you may know that Bitcoin is a cryptocurrency.

But in fact, the development of Bitcoin has far exceeded this common sense.

This time we are fortunate to have invited Guo Hongcai, a master in the field of Bitcoin, to introduce us to new ways to play Bitcoin that you don’t know.

Chandler Guo, also known as Bao Erye, is an angel investor focusing on the Bitcoin field. His current investment projects include Bitcoin portal btc123.com, Bitcoin bank bitbank.com, Bitcoin lending platform jua.com, Bitcoin mining pool bw.com, Bitfund.pe, Yangyang Interview yangyang.tv, Rich Fund richfund.pe, Bitwallet bither.net, YH Yihang Cloud Computing, and AQH American Mine.

This time, Bao Erye combined his own entrepreneurial experience to give us an in-depth and easy-to-understand explanation of the past, present and future of Bitcoin.

First, Bao Erye talked about how his inextricable bond with Bitcoin began with his wife's initial interest in it. But his initial understanding of Bitcoin was that it was still a traditional Ponzi scheme - the first person to enter the market earns the money of the later ones. Therefore, when he first invested in Bitcoin, he stopped early as a short-term investment after Bitcoin appreciated.

Then, in order to learn more about the reality of Bitcoin, Bao Erye traveled all over the country and met many players who were interested in Bitcoin. Finally, through his own persistence and the encouragement of his family, he walked all the way from Beijing to Hong Kong. Walking and chatting all the way, Bao Erye's confidence in Bitcoin increased, and he also met reliable friends and partners, and finally held some shares of Bitcoin companies.

After completing his trip to China, Bao Erye did not stop and decisively attacked the American mainland! He came to California to test the waters. This made him realize that Bitcoin is really hot. In 2013-2014 alone, there was an investment of 800 million US dollars in the Bitcoin industry in California.

Next, Bao Erye analyzed the monetary value of Bitcoin from the perspective of the US dollar. The US dollar adopts a gold-silver bimetallic standard. In the Bretton Woods system, the value of one ounce of gold was 35 US dollars, and it became the world's standard currency. But now, with the development of the times, the value of the US dollar has gradually weakened, such as the value of the euro and the renminbi has gradually increased. Now it is possible to directly exchange euros or renminbi with currency, instead of having to use the US dollar as an exchange bridge. Therefore, with the development of the times, people and society will gradually eliminate their dependence on this sovereign currency. At this time, Bitcoin, a stable, easy-to-circulate, non-sovereign, and most importantly, decentralized currency, has shown its great value. In the future, Bitcoin may be a key currency for national trade exchange.

The domestic way of playing with Bitcoin is mainly focused on mining and exchanges. Next, Bao Erye introduced us to the experience of Bitcoin mining. In the early days, domestic Bitcoin miners mainly came from personal interests. It was also because at that time, the value of Bitcoin did not attract enough attention. The innovation of Bitcoin mining comes from the improvement of mining hardware. The transition from ordinary PCs to FPGA circuit boards has increased the sales of mining by 15 times, which has made more people realize the potential value of this field. Until now, people have been exploring how to make chips more precise, so as to further improve their efficiency.

But the reality is always unsatisfactory. Although the hardware problem has been solved to a certain extent, the electricity bill has become an obstacle to Bitcoin mining because of the high power consumption of Bitcoin mining. According to Bao Erye's own recollection, the monthly electricity bill alone reached 2 million US dollars. After trying many ways and searching for various methods, Bao Erye found clean energy as a solution. Because the actual demand for clean energy (wind energy, hydropower) is far from the actual supply. Therefore, a lot of clean energy electricity is abandoned. After understanding this situation, Bao Erye mentioned, why don't we use the electricity generated by these remaining clean energy to mine Bitcoin? In this way, Bitcoin has become an energy substitute and an energy currency.

Next, Bao Erye cooperated with clean energy power stations one by one. From Xinjiang, Tibet, to California, he spread the idea of ​​Bitcoin all over the world.

Next, Bao Erye shared with us the trend of Bitcoin. As our world becomes more and more digital, paper money has been completely replaced by credit cards and electronic payment methods. Bitcoin, as an electronic currency, better promotes this digital life. It can safely, extremely quickly, and simultaneously complete the conversion between various currency deliveries in large quantities. People may not be aware of its existence, but it will appear everywhere in people's lives.

During the lecture, the audience was fascinated. There were many Bitcoin enthusiasts and players. Bao Erye interacted with the audience frequently. During the question-and-answer session and after the lecture, there were also many exchanges about Bitcoin.