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After the document was released, Lin Hong received some feedback one after another, but basically asked about the technical details in the document. Pen @ fun @ pavilion wWw. ｂｉｑUｇE。 ｉｎｆｏ

After all, there are still a few people who can fully understand this document, and many people have a lot of questions in their minds after reading it, but they are very interested in this thing, so they can't wait to send out emails to get answers.

Although most of the questions are relatively simple, in fact, the answers can be found directly in the article, but Lin Hong still replied one by one and patiently answered everyone.

When replying, it is also a process of repeated thinking to make your thinking clearer.

Someone asked, "How do you get people to trust this currency without a strong organization or institution to guarantee it?" A currency that cannot be trusted cannot be called a currency at all. ”

Lin Hong replied: "Everyone is the guarantor of Bitcoin, and the more people use this currency, the more credible it will be." My purpose in making it public is to give you a thorough understanding of how Bitcoin works, to let everyone know that this is a very fair currency and that there is no possibility of cheating. ”

Lin Hong is already working on writing Bitcoin software according to this principle, and when the software comes out, he will also open source it, so that everyone can understand every line of code in the software at any time.

In other words, there are no secrets about Bitcoin, and everyone knows the roots, so that everyone will believe it.

As long as people can understand the underlying mechanism of Bitcoin, they can basically trust it, because this trust is built on strong technical support. There is no such thing as a grey area.

Bitcoin's structure is extremely robust and tested, which is much more reliable than real-world currencies.

Some people also asked: "The article says that the total amount of bitcoins is fixed, so what is the law by which these bitcoins are mined?" As the number of users increases, won't it cause deflation? ”

Lin Hong replied: "Regarding this issue, it has actually been explained in my article. I'll explain it in more detail here. The total amount of bitcoins is constant, with a total of 21 million. I devised an algorithm that can adjust the difficulty of bitcoins being mined at any time according to the computing power of the main network. The more computational power there is, the more difficult it becomes. The annual production of bitcoin is adjusted every four years. In other words, half of the bitcoins (i.e. 105 million) will be mined in the first four years, and then halved every four years, recursively until the value reaches zero.

Although the total number is only 21 million, bitcoins, as virtual currencies, can be divided, and each bitcoin can have up to eight decimal places. And if you need it in the future, it can be divided into smaller units, so you don't have to worry about running out of bitcoins at all.

As for whether it will be deflationary, I can't predict this for the time being, the only thing I can say for sure. It's a currency that can continue to appreciate in value, and the sooner you enter, the less difficult it becomes. This is in accordance with the laws of nature, isn't it? ”

Then, Lin Hong answered some other people's plans.

Eventually, he saw Eric's problem. Because Eric is the founder of this group and uses his real ID, Lin Hong knows each other.

In response to Eric's question, Lin Hong replied emphatically, after all, he is the boss of the cypherpunk organization, and his influence is relatively large, so he deserves to be taken care of.

Eric's second question, which is about monetary deflation, has already been answered before, so he will not repeat it.

Lin Hong focused on answering his first question.

"Regarding storage space, I don't think there's any need to worry about it for the time being. The development speed of the electronics industry is far faster than we imagined, and a year ago, tens of megabytes of hard disk were already very large, but if you look at the present, this unit has been upgraded to GB, and I think, after a while, this unit will be upgraded again. Since the birth of the Internet, information has been increasing, but we never worry that this data will not be saved. ”

In fact, Lin Hong didn't say anything, that is, if his superbrain system is announced, the problem of storage capacity can basically be solved. Hard drives built with switching proteins can have much larger capacity than these mechanical hard drives and don't take up much space.

Moreover, Lin Hong has a new hard disk structure design idea, and its storage capacity is many times higher than the current solution, which is simply a qualitative improvement.

For these people's questions, Lin Hong basically gave a more detailed and satisfactory answer, after all, his plan has been deduced by him many times, and he has already thought about the problems they can see on the surface.

With Lin Hong's answer, there were fewer and fewer emails asking questions later, and everyone could see that the electronic money idea proposed by this ghoster was indeed very perfect, and this was a very complete solution, which was simply impeccable.

Many people are looking forward to seeing it come alive and become the first loyal users of this currency.

These people have been involved in a lot of monetary experiments before, but sadly, these experiments have failed, and they are eager to see that one can succeed and prove that their previous ideas are not delusional.

Now I finally see such a potential plan, and I am very much looking forward to this plan, and I am willing to do my part to help it develop and grow.

After the wave of discussion passed, Lin Hong was also greatly encouraged.

This shows that his plan is indeed credible and has been recognized by many people, which feels very good and cool.

In this case, Lin Hong began to write the software for Bitcoin.

During the time he waited for feedback, he already had a rough framework in his mind. After all, the basic implementation principles have been thought out thoroughly, and with the programming experience of the bit messenger software, there is no threshold for him to implement the Bitcoin client.

When he first started writing a few lines of code, he suddenly found that he had received another email.

This email is not a public email in the discussion group, but a private email sent directly to him.

Lin Hong clicked on it, and after reading it, he was stunned for a moment, and after thinking about it for a while, he found that the bitcoin he designed did have a very big loophole.

Before, he was so immersed in his own design that he was a bit of a fascination with the authorities and ignored this.

The 51% attack is indeed Bitcoin's fatal wound.

Lin Hong looked at the other party's signature at the end of the email, and was slightly stunned, it turned out to be him?

At the end, there are four letters - ESSI?