My great achievements deserve to be cast on bronze, carved on marble and carved on wood forever; When my deeds spread all over the world, a happy era and a happy era will come. -Cervantes "Don Quixote"

On the occasion of the 10th anniversary of the birth of Bitcoin, send this sentence to Satoshi Nakamoto to pay tribute to this great era.

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Back in 2008, the world was in the worst global economic recession in half a century. This unusual influence has caused serious trade paralysis and led to the closure of many quite large financial institutions. Due to globalization and the development of various well-designed financial products, the world financial system has expanded into an interdependent and overlapping chain ecology, and the crisis has developed like a burning flame, leaving central banks and policy makers at a loss.

The crisis was caused by policy makers. In order to stimulate the economy, governments all over the world implement loose monetary policies and deficit finance to stimulate residents to increase leverage for excessive consumption. Financial institutions also neglected high-risk and high-leverage operations, which led to asset price bubbles. Policymakers and regulatory authorities ignore risks, which subjectively leads to the lack and relaxation of financial supervision; Financial institutions resort to unscrupulous means to pursue short-term interests, which intensifies and magnifies risks.

Paramount Pictures released the biographical drama "Bear" with the background of the global financial crisis in 2008.

Ironically and helplessly, after that, global policymakers tried to quickly start the economic recovery after the financial crisis, and all countries entered the era of monetary easing. The currency issued by most countries in the world far exceeds the historical average. In this unprecedented banknote printing movement, global asset prices have started a new round of skyrocketing, resulting in serious inflation and overcapacity, which has not been cleaned up so far and has become an inescapable shackle of kidnapping economic policies.

No one is satisfied with this robber-like policy. Money has to be kept in the bank and be exploited at negative interest rates. Who wants to see their hard-earned hard-earned money diluted by inflation? It's time to change the rules of the game and make some new attempts.

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The popularization and application of computer technology and modern communication technology is the fifth information technology revolution defined in books, which has pushed human society into the digital information age and brought great changes to our production and lifestyle. We benefited from this, chatting, reading, playing games, shopping, socializing, finishing our work and life, and killing the boring and lonely time. Some excellent and great companies were born, and some opportunistic rats secretly grew up.

Accustomed to the internet, we are familiar with 404 pages in the harsh environment of content censorship and speech control, which is the characteristic daily life under the authoritative system. HTTP 404 error is that when the client browses the web page, the server can't provide information normally, or the server can't respond, and I don't know the reason for returning to the page. Hypertext Transfer Protocol (HTTP) is the most widely used network protocol on the Internet, and all WWW files must conform to this standard. Although TCP/IP protocol is the most popular application on the Internet, HTTP protocol does not stipulate that it must be used and is based on the layers it supports. In fact, HTTP can be implemented on any other Internet protocol or other network.

If you study the HTTP status code carefully, you can find the rare 402 Payment Required, which is described as "reserved for future use" and marked as "Payment Required" before you can access it. In fact, at the beginning of network design, the creator hoped to provide a way to convey value. Just different from the free sharing of information, freely exchanging value on the Internet is not an easy task. Value is not data that can be "copied and pasted" at will. This dream can only be shelved indefinitely, marked as "reserved for later use" and left to those who are smart enough to solve the problem.

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The seeds of cryptocurrency have actually been planted long ago. In the 1980s, cryptopunk had the original idea of cryptocurrency. Some people dream of building a market full of government secrets, and those who break the news can get untraceable electronic encrypted currency rewards. The difficulty in designing the reward lies in how to establish the recognized knowledge of * * *, that is, the Byzantine general problem put forward by Leslie Lamport and others in 1985, so as to extend the decision-making process of whether local troops will send troops to the computing field and establish a distributed system with fault tolerance, even if some nodes fail.

I have to admit that earth-shattering history is sometimes created by a few people. 1993, Eric Hughes and a group of cryptographers created a cryptopunk mailing list encryption e-mail system, referred to as "cryptopunk", to counter the government-monitored internet e-mail. The secret discussion group "Cryptography Mail Group" wrote in the declaration, "We use cryptography, anonymous mail forwarding system, digital signature and electronic money.

1998, another cryptopunk, Wei Dai, proposed an anonymous and distributed electronic cryptocurrency system, B-money. The distributed idea suddenly appeared and became the spiritual forerunner of the new generation of cryptocurrency. With the collision of ideas and the agitation of years, cryptopunks has been working hard, and asymmetric encryption technology, peer-to-peer network technology, Hashcash algorithm mechanism, reusable work proof and so on are becoming more and more mature.

On June 5438+065438+1 October1day, 2008, a new post appeared in "Cryptography Mail Group": "I am developing a new electronic money system, which is completely peer-to-peer and does not need a third-party trust institution." The signature of this post is Satoshi Nakamoto.

"This paper proposes an electronic cash system that is completely realized through peer-to-peer technology, so that online payment can be directly initiated by one party and paid to the other party without any financial institution." "The most fundamental problem of traditional currency lies in trust. We must believe that the central bank will not devalue the currency, but this credibility has never been seen in history. Banks must convince people that they can manage their money well and make these wealth circulate in the form of electronic money, but banks have created a credit bubble with money, which has shrunk private wealth, "he wrote in the Bitcoin white paper.

On June 3rd, 2009, Satoshi Nakamoto released the first open source version of Bitcoin client, announcing the birth of Bitcoin. He "mined" 50 bitcoins on a small server in Helsinki, Finland, and the block that produced the first batch of bitcoins was called "Genesis Block". Satoshi Nakamoto carved the headline of the Times on the Genesis plate-"The Times 03/Jan/2009, the Chancellor of the Exchequer is on the verge of a second bailout for the bank" (65438+20091October 3, the Chancellor of the Exchequer was on the verge of a second bailout for the banking industry), and quietly gave a never-again bailout to the monetary authorities.

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The appearance of Bitcoin in 2009 changed all the problems about money, Internet and value transmission. The so-called "one thing goes against the sky" seems to usher in a solution to the thorny problem that originally plagued network creators. Bitcoin skillfully combines P2P network, cryptography, * * * algorithm and other existing technologies, and gracefully solves the problems of generation, storage and transmission of exchange value on the Internet. In this system, data are generated and stored in blocks, connected in a chain structure in time sequence, and independent nodes participate in data verification, storage and maintenance, which is tamper-proof, open and transparent. Blockchain is translated into blockchain technology, and a trusted mechanism for information and value transfer and exchange is established in an untrusted network.

Satoshi Nakamoto predicted that in 20 years, Bitcoin will be either zero or extremely powerful. Through the promotion and development of geeks, technology evangelists, cryptocurrency lovers and even keen capital, Bitcoin has gone from obscurity to fame on a global scale, and the blockchain technology derived from it is bound to bring mankind into a new era. As for blockchain technology, the government, big capital, technology pioneers and even the general public have gradually established a * * * knowledge-after steam engines, electricity and the Internet, blockchain may be the next generation of subversive core technology, and the Internet is moving from information Internet to value Internet.

Although the development of the network is changing with each passing day, the breakthrough in information dissemination and value transmission is not an accident. From the day-to-day attempts of researchers and enthusiasts to the application feedback of ordinary users, it will go through a long and arduous evolution process. As technology and demand tend to be stable and mature, each new stage can build something new on the basis of the previous stage. Looking back at the development of information internet through the fog of history, we should be fully prepared for the construction and use of value internet. Although the technology is ready-made, large-scale popularization and application can not be realized overnight. If we take history as a mirror, we can't be too optimistic. The application and popularization of the value Internet will make generate have more vitality than we expected.

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Disclaimer: Digital asset investment is risky, and blockchain geeks do not provide any investment advice.