Who prints Bitcoin? Does the central bank have control over it?

answer:
❌ No one prints! No central bank! No government backing!
It is like a "math game" spontaneously played by netizens around the world. The rules are all written in the code and no one can change them.

How was Bitcoin “born”?

  1. Mining by "miners":

    • It's not about carrying a hoe and digging the ground, but about using a computer to solve math problems (super difficult ones!).

    • Whoever calculates correctly first can package the new transaction into a "block" and be rewarded with several new bitcoins (the current reward is about 3.125, which is halved every four years).

    • This process is called mining, and the computer computing power is the "mining machine".

  2. The quantity has been locked:

    • The total number of bitcoins will only be 21 million (just like limited edition sneakers), and it is expected that all will be mined by 2140.

    • No one can print more! Not the president, not the richest man, only the code.

Who controls Bitcoin?

💡 The answer is: everyone involved should manage it together!

  • No boss: No company, government or bank calls the shots.

  • Everyone is a supervisor: Countless computers around the world (called "nodes") store the same ledger (blockchain), and every transaction must be approved by the majority of computers before it counts.

  • Changing the rules? It’s hard as hell! If you want to upgrade the system, the majority of the network must agree, otherwise it will automatically become invalid.

Does the government support it?

🚫 Absolutely not!

  • Pure wild currency: The value of Bitcoin depends entirely on everyone's belief in it (just like some people believe in gold, and some people believe in star trading cards).

  • Attitudes of various countries:

    • China: Trading and mining are prohibited (but personal holding is not illegal).

    • US/Europe: When it is regulated like stocks, focus on money laundering and tax evasion.

    • Only El Salvador: regards it as legal tender (the only one in the world).

    ⚠️ Important reminder (newbies must read!)

    1. Prices are like a roller coaster: you earn a suite today and lose a car tomorrow. Those with weak nerves should be careful!

    2. No one will compensate you if you lose it: Forgot your password (private key) or it was stolen? Your Bitcoin will simply disappear! No bank will help you find it.

    3. Beware of scams! There are fake exchanges and fake coins everywhere online. Clicking on random links will turn you into a pauper in seconds!

    Let me give you an example to help you understand

    Imagine the whole village shares a single ledger (blockchain).
    Zhang San transferred 1 Bitcoin to Li Si, and shouted through a loud speaker: "Everyone, remember this!"
    Villagers (miners) rushed to verify the calculations, and the one who got it right the fastest was rewarded with new bitcoins.
    Everyone has a backup of the account. Do you want to deny your debt? You have to bribe the whole village!
    ——This is the decentralization of Bitcoin.

    (In reality, in 2010, someone used 10,000 bitcoins to buy 2 pizzas 🍕, which is now worth 1.2 billion US dollars... The person involved has fainted from tears)

    Is this clear? 😄 If you want to know more about any part, feel free to ask! #BTC