Mining Bitcoin is a behavior that conforms to the development of spontaneous order

In 2009, Bitcoin was born, and Bitcoin mining has been around for more than ten years. The Bitcoin mining industry has always been questioned. There have been countless debates. I will only mention a simple point: Bitcoin mining is completely The behavior conforms to the development of spontaneous order. And those delusions of using arbitrary force to destroy the behavior are lack of consideration.

The core feature of Bitcoin is that the total amount is fixed, and it is positioned as a deflationary peer-to-peer cryptocurrency. The inventor Satoshi Nakamoto also wanted to use Bitcoin to fight against the inflation of legal currency and conduct a social experiment. To a certain extent, some of Hayek’s ideas in “Denationalization of Currency” are realized.

What is the biggest evil of inflation?

In particular, the inflation that has been accelerating over the past few decades is neither hyperinflation nor mild inflation. It is this kind of universal blunt-knife inflation. Its greatest evil is to resist decentralization. The ultimate consequences will be Explained later.

Why are more and more people now emphasizing the core assets of core locations? They believe that the biggest factor in the wealth gap between people in the past few decades is the purchase of real estate in several tier cities, first-tier cities and second-tier cities 1–2 orders of magnitude between them, and 2–3 orders of magnitude from third- and fifth-tier cities. They believe that core assets can resist inflation and have more value-added potential. This consensus is getting stronger and stronger, and the core factors behind it It is blunt knife inflation. Under the above background, most of the way of thinking has been shaped, leading to its behavior is to continue to gather in centralized cities, whether it is a national-level central city or a regional central city, if someone does not choose this way, it is more out of helplessness. .

In fact, everyone observes the behavior patterns of the surrounding people, is it very typical, especially after decades of reform and opening up in mainland China, the rich people in the countryside run to the county town, the rich people in the county town run to the city, and the city has money. People in the province run to the provincial capital, and the wealthy people in the provincial capital run to the first-tier cities, that is, they continue to leave their homeland and go to another larger place. This process is a process in which the local “local tyrants” continue to be eliminated, and there are countless “travelers” in big cities. Local tyrants like Liu Wencai will no longer be able to see it, and there are more and more scattered and atomized individuals in cities, forming super cities and super metropolitan circles, and a typical centralized development model appears.

From a macro perspective, Chengdu sucks blood from other cities in Sichuan, Xi’an sucks blood from the entire northwestern region, Shenzhen sucks blood from all over the country, Beijing sucks blood from North China, and Nanjing sucks blood from Shandong and Anhui. What is the biggest problem with this kind of super city?

It is that its development is unsustainable, and low fertility is a common problem in every metropolitan area. At present, the low fertility rate and aging problems faced by mainland China. The root cause of this social disease is to disrupt the development of spontaneous order. The method behind it is to use blunt knife inflation to shape the behavioral choices of most people, and to centralize the development model. Coupled with the unprofitable publicity, most people are proud of it, but the price is that the problem of low fertility has not been solved for a long time.

The Bitcoin mining industry consumes a lot of energy and has been criticized, but what if a Bitcoin mining industry that gradually uses renewable and clean energy? Wouldn’t everyone use high-level moral accusations? Bitcoin mining is spontaneously organized by the private sector. Many people participate in it for profit, but at the same time it also drives the commercial development around the mine, and even the surrounding areas of some deep mountains and Laolin hydropower stations have developed because of Bitcoin mining.

There have been countless super cities in human history, such as Ur in the Abraham era, Alexandria in the Ptolemaic dynasty, Rome in the Octavian era, and so on. The urbanization of super cities is the late stage of civilization development. The sign is a dying struggle that spontaneous order is exhausted.

The final conclusion: Those who mine Bitcoin in deep mountains and old forests by hydropower will retain the genetic diversity of civilization seeds in a hundred years. Their development conforms to the growth of spontaneous order, and there is no problem with intergenerational inheritance. In the super metropolis, countless 996 human-powered batteries in urban villages will bear most of the cost of violating spontaneous order.