This is a decentralized structure model, as long as more than half of all the machines participating in the game are normal, then the behavior of opening will be easier to detect.

However, because of the performance of the machine, it is actually worse when it comes to detecting the presence of the plug-in.

That's a good idea, though.

Even, if G is a little more boring, it is not difficult to use this set of theories to come up with a formula, use this formula to calculate a series of results, and then use the result number as the code of the coin, and add a conceptual package to call it IQ coin.

However, for this kind of currency to circulate and become a real currency, it is actually almost impossible and has no value.

Even if the anti-counterfeiting properties of this currency are particularly strong, it is not as useful as imagined.

Because, this limited digital currency is even inferior to natural gold and silver.

Its properties, like gold and silver, are relatively limited. A finite amount of money is thought to be inherently deflationary.

You know, the use value of money is exchange.

It acts as a general equivalent, adding an intermediate link, so that everyone can not have to be cumbersome to barter.

If the currency is finite and matches the number of goods that exist now, a problem arises when its use value is determined.

What's the problem?

That is, the quantity of goods is not static, and if more and more goods are produced, a finite amount of money will trigger a dilemma called deflation.

To put it simply, it is a large increase in the value of the currency.

Some people may think, isn't it a good thing that the value of the currency is rising?

This is certainly good for those who hold these currencies, but not for those who hold goods.

Because of deflation, the use value of these currencies themselves is constantly rising.

In terms of distance, it is that one cow was originally a gold coin, but after deflation, two cows are a gold coin.

In other words, the person who has gold coins can get an extra cow by doing nothing.

When everyone sees this, it will naturally trigger the next thing, what is it?

Even if everyone has gold coins in their hands, they don't spend it, just waiting for it to continue to appreciate.

This, in turn, will trigger a new round of deflation.

The value of the currency will also rise.

There will be a shortage of money in the market, and a large number of goods cannot be exchanged normally due to the lack of currency.

As a result, although the holders of gold coins became rich, the economic crisis came.

The same will be true for a limited number of digital currencies, even if it is decentralized, it will not be able to resist the general trend of deflation.

At this time, let's think about what would happen if G Fat founded the IQ coin now, and he first mined 10,000 coins himself, and then made the algorithm public.

Because at the beginning, it was not difficult for him to mine the 10,000 IQ coins, and even with his office computer, he could dig them out in ten minutes.

Then, he put it in a discarded hard drive and put it away.

Waiting for the many possibilities of this algorithm to be calculated one by one, it will become more and more troublesome to calculate, because the number that can be mined is getting smaller and smaller, so the price will inevitably rise.

At this time, he took out the 10,000 sealed digital currencies, did he have a lot of wealth all of a sudden?

And what did he do in the process?

All he did was create an algorithm, count it for ten minutes, and throw it in the warehouse, thinking of it.

At this time, someone will say.

Natural gold and silver are deflationary because gold and silver can be subdivided too few times. When it is broken down to one gram, it is already very easy to lose.

Therefore, a round coin can generally only be cut into a dime to the end.

But digital currency is different, digital currency can be infinitely subdivided, that is, in a sense, it can also be supplied in unlimited quantities.

Even, when the price of an IQ coin reaches 100,000 US dollars or 1 million US dollars, people use IQ coins with 10 decimal places to start trading.

In other words, there is a solution to deflation.

But......

At this time, the problem still arises, how to solve the 10,000 IQ coins of G fat?

Is one in the case of a million dollars?

What did he do to make a million dollars out of thin air?

Therefore...... After someone understands the properties of digital currency, they will have the idea that the sooner I enter this cryptocurrency circle, the more money I will make.

Also, the lower the cost of my money.

Therefore, there will be many people who buy this currency in the first place, or dig this currency themselves.

And after digging a certain amount, he can do nothing. Relying on the appreciation of the entire coin, to earn their own profits.

This is where another problem arises.

What's the problem?

It's just a normal currency, and the whole thing is not good.

Because, this means that the first group of people, even if they don't do anything, as long as they enter early, can own and most of the wealth in this world.

And the drastic change in the value of the currency is also a disaster for the currency that acts as a general equivalent.

Is it a good thing that a bag of salt is a dollar today and ten bags of salt tomorrow is a dollar?

In that case, why do manufacturers still produce it?

The production of physical goods does not stop at the direct deposit of money to make money.

In this way, if there is no one engaged in production and money cannot buy things, it will be a systemic economic crisis.

Therefore, the best outcome of IQ Coin is to act as a hype commodity.

That's right, it's hype goods.

It's like a stock, you can buy it up, or you can buy it down.

Although in this way, those who enter early still have a large number of IQ coins.

However, they are not free to use it.

Because although their valuation is very high, as long as they sell a little more, it will make the confidence of the entire currency circle fall, and the value of the currency will fall sharply.

And after a sharp decline, their own valuations will also collapse.

Therefore, they have to keep maintaining prices for their own benefit.

Although some leeks will be sacrificed, the harm is so small that it is almost not mentioned compared to becoming real currency.

But......

If this kind of thing really exists, it can already explain the absurdity of this world to some extent.

If this kind of thing is used as currency, it may have a little effect.

What is the value of a commodity when it is pure hype?

It's just a string of numeric codes.