This is a decentralized structural model. As long as more than half of all machines participating in the game are normal, the cheating behavior will be more easily detected.

However, due to machine performance, the situation is relatively worse when actually detecting whether the plug-in exists.

However, this is already a good idea.

Even if G is a little bored, use this theory to draw up a formula, use this formula to calculate a series of results, and then use the result number as the coin encoding, and add a concept packaging to call it IQ coins, which is not difficult.

However, it is actually almost impossible to circulate this currency and to be regarded as real currency, and it does not realize its value.

Even if the anti-counterfeiting attributes of this currency are particularly strong, they are not as useful as imagined.

Because this limited digital currency is even worse than natural gold and silver.

Its properties are relatively limited, like gold and silver. A limited currency thinks that it is natural deflation.

You should know that the use value of currency is exchange.

It acts as a general equivalent and adds an intermediate link so that everyone can exchange things without having to cumbersomely.

If the currency is limited and matches the quantity of goods currently in existence and determines its use value, a problem will arise.

What's the problem?

That is, the quantity of goods is not static. If more and more goods are produced and there is a limited amount of money, it will trigger a dilemma called deflation.

Simply put, it means that the currency value has increased significantly.

Some people may be like, isn’t it a good thing to rise in currency value?

Of course it is a good thing for those who hold these currencies, but it is not the case for those who hold the goods.

Due to deflation, the use value of these currencies itself is constantly increasing.

In terms of distance, it is originally a cow that was a gold coin. After deflation, two cows and one gold coin.

In other words, people with gold coins can do nothing and get an extra cow.

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

Even if everyone has gold coins in their hands, they will not spend them anymore and just wait for them to continue to appreciate.

And this will trigger a new round of deflation.

The currency value will also rise.

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

So, although those who hold gold coins are rich, the economic crisis has come.

This will be the case with limited quantities of digital currencies. Even if they are decentralized, they will be completely unable to withstand the general trend of deflation.

At this time, let’s think about what would happen if G-fat founded IQ coins now, and he would dig up 10,000 coins by himself and then disclose the algorithm.

Because at the beginning, it was not difficult to mine these ten thousand IQ coins, and even he could use his office computer to dig it out in ten minutes.

Then he put it in an abandoned hard drive and put it up.

When the many possibilities of this algorithm are calculated one by one, it is becoming more and more troublesome to calculate, because the number of people can be mined is getting smaller and smaller, so the price will inevitably rise.

At this time, he took out these ten thousand sealed digital currencies, and did he suddenly have a lot of wealth?

And what did he do in this process?

All he did was to create an algorithm, then calculate it for ten minutes, and then throw these things into the warehouse, and he couldn't remember it.

Someone will say this at this time.

Natural gold and silver deflation are caused by the fact that gold and silver can be subdivided too few times. If it is subdivided into one gram, it is easy to lose it.

Therefore, a round coin can usually be cut into a corner and divided into a corner to the end.

But digital currencies are different. Digital currencies can be subdivided infinitely, that is to say, in a sense, they can also be supplied in an unlimited manner.

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

In other words, deflation can be solved.

but……

At this time, that problem still arises. How to solve the ten thousand IQ coins of G-fat?

Could it be that one is calculated based on one million dollars?

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

Therefore... after someone understands the attribute of digital currency, he will have an idea, that is, the earlier I enter this currency circle, the more money I earn.

And the lower the cost of making money.

Therefore, many people will buy this currency at the first time or mine it for themselves.

After mining a certain amount, he can do nothing and rely on the appreciation of the entire currency to make his own profits.

Another problem will arise at this time.

What's the problem?

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

Because, this means that the first group of people, even if they do nothing, can own most of the wealth in the world as long as they enter early.

The violent change in currency value is also a disaster for currencies that act as general equivalents.

Is it a good thing to spend a bag of salt one dollar today and ten bags of salt one dollar tomorrow?

In this case, why did the manufacturer still produce it?

The goods produced by the entity can't even make money by storing money directly.

In this way, if no one engages in production and cannot buy things with money, it will be a systematic economic crisis.

Therefore, the best ending of IQ coins is to act as a hype commodity.

That's right, it's just hype.

It is like a stock. You can buy it up or down.

Even so, those who entered the market early still had a large amount of IQ coins.

However, they cannot use it freely.

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

After a sharp drop, their own valuations will also avalanche.

Therefore, for their own interests, they have to keep maintaining the price.

Although some leeks will be sacrificed, compared to becoming a real currency, the harm is so small that it is almost gone.

but……

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

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

When it is purely hyped, what value does it have?
Chapter completed!