Super Jun: Nine Years of Bitcoin Nonsense

This article was published on the public account Shibapu Road, author: Guanggeng, Bitcoin Super King.

1. The world is complex, and despite more doubts, self-defense of interests, and resistance to temptation, the development of Bitcoin will encounter many such people. When they first come into contact with Bitcoin, they will feel a tremendous shock, just like Colonel Aureliano Buendía when he first touched ice as a boy. There is no intention to resist the financial order of this world; it is merely a pursuit of freedom, with the option of a financial order called Bitcoin.

2. As a practitioner of Bitcoin, this year has seen both a bleak winter and controversial divisions. However, whether light or scars, they are merely trivial details in the revolutionary roar of Bitcoin. This year has involved deep contemplation of God's hand, insight into the language of the universe, abandoning the void of divine power, and growing weary of authoritarian oppression, choosing Bitcoin as a mathematical protocol for placing all wealth.

3. The fire-bringers of Bitcoin civilization have returned to seclusion. We are the evangelists of the new order of internet finance, guided by free will, carrying the candlelight of continuity, weaving through the dark forest, crossing the Ponzi schemes, and bravely traversing the utopian wasteland.

4. Bitcoin's current success did not come about by chance; the Bitcoin network was not inherently secure. This is inseparable from the efforts of countless righteous individuals. The emergence of ASIC miners has increased the difficulty of the Bitcoin network's shield by trillions of times, making it an insurmountable barrier for global computing power and a base for the peaceful growth of the Bitcoin ecosystem.

5. This was the last bear market, where the cryptocurrency circle was filled with tragic undertones, exchanges were hacked, legendary heroes disappeared, and many cryptocurrency companies went bankrupt.
   2015 was the darkest year; I witnessed many cryptocurrency entrepreneurs leave one by one. At the end of 2015, I wrote in my New Year's message:
   "A year composed of spring, summer, autumn, and winter is but a fleeting moment in the river of time, where countless efforts are condensed into a glance; yet in the brick-and-tile world, the heavens and the earth remain unchanged, not significantly different because of us.
   But the world of Bitcoin, with its relentless changes, never stops. Seven years ago today, Satoshi Nakamoto published the Bitcoin white paper, instantly sweeping the globe with the concept of peer-to-peer currency, inspiring waves of individuals pursuing free currency.
   ……
   Here, I vow to forge ahead through thorns, to continuously improve, and may heaven bless Bitcoin to ride the winds and break the waves, realizing grand aspirations."

6. Space and time are two real dimensions that exist on Earth, both tangible. However, the primary organ through which humans receive information is the eye, which can only see space and not time. Therefore, if someone is invited to a mountain to dig for gold, most people would find it plausible and worth a try; but if someone is invited to dig for Bitcoin in time, the vast majority would find it too abstract, invisible, and intangible. However, Brother Guo is an exception; perhaps due to his work as a clockmaker, he has a real sense of the existence of time and is unusually sensitive to it. Thus, he accepted the invitation and, along with a group of young men from Liling, began the journey of Bitcoin mining.

7. Bitcoin miners are the guardians of the Bitcoin system's operation. On one hand, Bitcoin's computing power exercises the right to record transactions, and on the other hand, it builds a strong shield against attacks. Satoshi Nakamoto's Bitcoin white paper has already stated that the most essential rule for the operation of the Bitcoin system is that computing power votes, meaning that the right to record Bitcoin transactions must be determined by those maintaining Bitcoin's computing power. Any wrongdoer in Bitcoin cannot bypass the Great Wall of despair established by Bitcoin miners using their computing power.

8. If gold is unevenly distributed in space, then Bitcoin is also unevenly distributed in time. Of course, the former is God's whim, while the latter is humanity's precise design. South Africa's gold reserves account for 37.5% of the world's total, coincidentally, the Bitcoin mined between 2009 and 2013 accounts for 37.5% of the 140-year mining period. I wonder if there is any mysterious connection. "Bitcoin is the gold of time; it transmits value over the internet. In the internet age, everything is connected to the internet, and cash for communication does not require physical attributes."

9. To determine whether Bitcoin is the trend of the future, one might also start from human nature. The relationship between technology and human nature is always such that technology continuously dissolves human nature, while human nature constantly pulls technology. Human nature is indeed greedy, angry, and ignorant, but it is also willing to cast a vote for things that are "ingenious and clever." At this stage, the average intelligence of humanity generally cannot see the harm caused by the rampant issuance of paper currency on wealth, remaining oblivious in the vortex of the wealth funnel. The message left by Satoshi Nakamoto on the genesis block of Bitcoin is a ruthless mockery of the terrible global monetary system of this era. In an age where the internet brings explosive civilization, human wisdom is also explosively growing. When, in the near future, the number of people recognizing the flaws in the monetary system increases, Bitcoin may become everyone's Plan B.

10. Bitcoin is a rebel against the current monetary system. Satoshi Nakamoto's geek spirit and meticulous financial thinking stirred up the fog of currency, presenting the simplest form that currency should take. He created this protocol, then one became two, two became three, and three became ten thousand, forming an ever-expanding Bitcoin community. The community is becoming more robust, with core programmers, miners, traders, application entrepreneurs, hackers, and commentators. Bitcoin is a rebel against the current monetary system. Satoshi Nakamoto's geek spirit and meticulous financial thinking stirred up the fog of currency, presenting the simplest form that currency should take.

11. Bitcoin is the Holy Grail of global digital assets, but it is also a ring of power; its future remains perilous, yet ultimately simple and beautiful.

12. As a decentralized currency, Bitcoin's open-source code is maintained by core developers, and computing power is distributed among miners. Currently, the latter has equal opportunities, and anyone with ambition can deploy computing power. However, the former still lacks a recommendation mechanism for replacing developers, allowing excellent programmers to contribute code and thus enter the ranks of core developers. This grand discussion has made the Bitcoin community fully aware of this, striving to decentralize code power while exploring every evolution of Bitcoin based on the broad interests of the community.

13. In another space-time, are we merely a mining machine in the "Matrix" of The Matrix? Are the current mining machines in another space-time also constructing a world where God and humans exist? Under the perfect protocol of Bitcoin, that world does not require morality or law, nor does it need nations or institutions; people are simply people. In the highest stage of civilization, individuals may have overcome the prisoner's dilemma and freed themselves from the constraints of coexistence, achieving seamless cooperation. In the real world, the progress of civilization can also be seen as the evolution of agreements. Initially, there was only God, then two people, Adam and Eve, who reached the world's first agreement: "You pick the apples, and I'll gather them; after eating the apples, we'll sleep together." The universe is desolate, time and space shift, and as more people appear on Earth, to coexist better, they begin to establish verbal agreements, gradually evolving into clan rules, customs, and morals. Subsequently, the elite class refines morals into laws. As the number of people increases and the world becomes more complex, various agreements, morals, and laws also multiply. What hinders will eventually be discarded, while the novel will ultimately be integrated. In the cycle of new and old, the winds and clouds gather, and society undergoes tremendous changes. From God to man, from man to mathematics, God does not exist, and man is unreliable. Concepts improve, paradigms become increasingly complex and sophisticated, and all humanity is deeply trapped within, almost unable to extricate itself. Discussions and debates are on the verge of extinction within the old paradigm, yet in every era, there are always a small number of people who are unruly, rebellious, and suddenly jump out of the box to see new horizons, proposing new theories. If these theories can also be realized on a technical level, it would be like the dawn of science fiction shining on reality, a divine light.

14. He is the architect of the new era. Unlike hackers, who merely seek bugs in large company systems, Satoshi Nakamoto sought the bugs in the global central bank's currency issuance, teaching central banks the principles of humanity: why can you print money, and why can you keep printing money? He created Bitcoin, giving people around the world a choice for a Plan B! Countless hackers gather in the dark web, using the currency invented by Satoshi Nakamoto, Bitcoin. Many hackers have tried to crack Bitcoin, but even with the entire universe's calculations, it remains unbreakable. The concept of Bitcoin's blockchain is now regarded as a standard by global tech companies, banks, and governments.

15. Bitcoin's market is characterized by short bull runs and long bear markets. This is because Bitcoin is a new idea, a wave that continuously invades the human brain, each time allowing some people to accept and allocate Bitcoin assets, suddenly increasing the volume to a new level, followed by a prolonged decline. The process of human civilization is similar; sudden waves of thought throughout history have continuously elevated the levels of civilization, and after each new idea, there is a period of decline and mutation until the next wave of new ideas rises again.

16. Civilization always emerges latest in river basins. Rivers are the source, nourishing life, procreating, venerating deities, establishing order, codifying tribes, expanding territories, and governing the nation. The principles of benevolence are like water; the child is on the riverbank, and the wind and steam engines drive ships from rivers to the ocean.

The Dadu River is the largest tributary of the Min River in the Yangtze River basin. In May, I gazed at the surging waters of the Dadu River, recalling the gradual formation and sudden changes of human civilization in time and space. However, at this moment, I am not a historian reminiscing about the past; I am a visitor waiting for someone and observing a new mining site, the coolest business for humanity at present.

17. Compared to coal mines, Bitcoin mining sites are smokeless, low-carbon, green, and environmentally friendly. There is no quality inspection, no defective products, no after-sales service, no triangular debts, cash on delivery, and no need for water or oil—just a bit of electricity will do. In the ancient river basins, the operation of the most cutting-edge blockchain civilization is being maintained, which is why this is the coolest business.

18. Bitcoin's current success did not come about by chance. It is inseparable from the efforts of countless righteous individuals, whether based on ideals, interests, or both. Certainly, Bitcoin would still operate without any one person; however, every individual who contributes to Bitcoin deserves admiration.

19. Later, when people describe individual resistance to power, they refer to it as the "Sisyphean struggle." In cyberpunk science fiction, the previous theme was that multinational corporations would replace national governments as the new power core of society, so the term "Sisyphean struggle" has come to mean the struggle between an outsider or a small group of awakened individuals and the evil multinational corporations.

The birth of Bitcoin truly realizes people's self-protection and storage of value. Owning Bitcoin may allow one to avoid becoming a humble social battery under the monetary system of large government inflation; while blockchain technology may achieve the privatization of data rights, no longer becoming the big data colony of internet giants.

20. If the consensus of human emotions is love, then in cyberpunk science fiction, the driving force for saving a society in decline is also entrusted to the power of "love," allowing love to conquer all. Love is a metaphysics. Writers are emotional, while cryptographers are rational. Cryptographers form value consensus based on mathematics and individual privacy, ultimately leading to the emergence of Bitcoin, this monster, or the operation of various "perpetual motion machines" based on blockchain. Logically speaking, this is more stable and protective than "love."

21. This year's Bitcoin has three thousand dazzling pearls, brilliant and full of temptation, yet this year's Bitcoin is also in a wild and boundless state, with dark forests, pools, and rapids everywhere, chasing the birds of wealth freedom, forgetting that they are merely newcomers in the investment field, indulging in the stirred-up micro-temptation, swooping down, yet failing to anticipate that being devoured is the purpose of the vortex.

22. Even if the naked eye is too shallow to see through the changes of the world; as the wind rises and the floating duckweed moves, the choices at this moment are subtle, leading to significant changes in life. In the future's emptiness, regarding the passage of time, saying it is inevitable, looking back will not disappoint the present year." ------ Written in 2015, during my wholehearted entrepreneurial journey in the cryptocurrency field.

23. To determine whether Bitcoin is the trend of the future, one must first judge from a technical perspective. Many people still do not understand the basic principles of Bitcoin, so they cannot establish confidence in investing. However, some technical indicators can strengthen the judgment of Bitcoin's future. Whether the computing power of the Bitcoin network is steadily increasing, whether the number of transactions in blocks is continuously growing, and whether the transaction amounts in blocks are consistently increasing. These three indicators signify that the Bitcoin network is becoming stronger, the number of people using Bitcoin is increasing, and the value transmitted through the Bitcoin network is growing.

24. A genius's idea, if not grounded in technical soil, is almost impossible to realize. Subsequently, many people have tried to establish private currencies, but all have failed. In 1992, Hayek passed away. In the same year, an anonymous organization called the cypherpunks quietly emerged on the internet, studying cryptography and digital currency systems. The popularization of the internet, especially the peak achievements of cryptography, indicates the gradual maturity of the technical soil, but that was still not enough. It wasn't until the emergence of the genius hacker Satoshi Nakamoto in 2008 that it became complete. A genius's idea + mature technical soil + another genius emerging from nowhere led to the birth of a truly non-state currency on the internet: Bitcoin.

25. At this time, I recall Thoreau's ultimate question in 1848: "Should we be content with laws that exist in injustice? Should we follow them until they are fulfilled? Or should we rise immediately and break them?"

On January 3, 2009, Satoshi Nakamoto quietly inscribed the headline of a newspaper into the genesis block of Bitcoin, delivering a silent cold mockery, and then, in the vast internet, began the lonely journey of building the Bitcoin network. That computer silently deduced the algorithm he designed, as if he were God creating a new order, letting the computer operate according to his order, day and night. Bitcoin is a rebel against the existing financial system. Satoshi Nakamoto answered Thoreau's question with practical action.

26. Everything in the world has form, size, and weight. For example, the internet is virtual, while bytes are real, accurately measuring the size of every existence on the internet. Every trace left on the internet has size; for instance, writing a Chinese character is 2 bytes; uploading an image can range from less than 1k (1k = 1024 bytes) to several hundred m (1m = 1024k). Similarly, if you make a Bitcoin transfer, the size of that transfer record is between 125 bytes and 140 bytes. In the Bitcoin network, every 10 minutes, all network records are automatically packaged into a new block. Here, the concept of a block is akin to a page of an accounting book, with each block currently sized at 1m.

27. It must be said that hoarding coins is a great torture.

In this market, bull runs are short, and bear markets are long, so hoarders, if they look at their asset sheet every day, will see declines for a long time and thus remain unhappy.

Why are bull markets always short while bear markets are long? Perhaps it is because Bitcoin's total supply is limited, while new groups of traders seem to enter the market within the same short time frame. When the accumulated emotions in the market rise, the frenzied market instantly turns the K-line into a 90-degree ascent. When traders calm down, it is also when the market cools down, slowly declining, slowly declining, until they go from calm and numb to anxious and despairing.

28. A few days later, Zhang Nangen stood on the stage of the Nasdaq listing bell, lights flashing, applause like a tide, surely recalling the distant night when his mentor refused to let him drop out of school.

29. What kind of people are the hoarders? How many hoarders are there in the world? Based on my years of observation, hoarders belong to the silent majority, with all kinds of people among them. They trust the Bitcoin system, believe in the philosophy of Bitcoin, and invest regularly in Bitcoin. To describe it more radically, it is somewhat like a religion, such as Buddhists voluntarily becoming vegetarians and chanting scriptures, offering incense to temples on various Buddha birthdays. Bitcoin hoarders are similar; after receiving their salaries, they buy a little Bitcoin each month, which is equivalent to offering to this system. Of course, human nature is selfish; selfishness is the greatest driving force. The Buddhist mindset is likely, "I offer to you, and you will grant me blessings." The mindset of hoarders is that even if Bitcoin moves forward in a winding manner on a smooth road, the long-term trend is upward. There is a strange phenomenon where outsiders often mock hoarders as the "Bitcoin cult," yet hoarders gladly accept this title and feel a sense of pride.

30. Holding coins is like being punished. Enjoying the greatest joys and sorrows of the world, joys are short and sorrows long; joy feels like flying to immortality, while sorrow feels like a withered monk's practice. The moments of soaring can multiply by a hundred, while moments of decline can reduce to one-thousandth. This investment journey bears the pressure of ordinary investors multiplied many times over; we are all astronauts in the investment world. Under the immense pressure of an astronaut, the concept of gravity distorts space; the K-line in the cryptocurrency world distorts the concept of time. Looking back at events from four years ago feels like a past life.

31. The way to calculate a person's virtual age and actual age is different; virtual age is calculated from the fertilized egg, while actual age is calculated from birth. Bitcoin is probably similar; November 1, 2008, is the day the Bitcoin white paper was published, which, according to Professor Bear, can be considered the day of fertilization, the beginning of virtual age; January 3, 2009, is the day the Bitcoin genesis block was mined, marking the birth of the child, the beginning of actual age. Nowadays, it is still popular to consider November 1 as Bitcoin's birthday. Many blockchain companies also deliberately choose this date for their establishment, such as Bixin (2014.11.01) and Cobo (2017.11.01). In this way, among hardcore Bitcoin fans, there is a sense of universal celebration, hoping that the companies will operate safely and stably like Bitcoin, until the end of time.

32. Satoshi's genesis, geeks pioneering, speculation surging, winter nights guarding, iron-blooded infighting, institutions entering, nations wrestling, like a corner of the vast historical sky being casually lifted, a magnificent epic song rushes forth. Among these individuals, between magical reality, they experience passion and disappointment, ambition and confusion, with countless thoughts grounded in the rhythm of the drumbeat, realizing that past experiences were originally this.

33. With spicy language and simple sentences, I delve into the past and present of Bitcoin, the technical principles of Bitcoin, and the forefront of cryptography, engaging in countless rounds of debates with radical expansionists, always returning victorious. With the strength of one person, I dispel the clouds, clarify the murky waters, and turn the tide of public opinion.

After the drumbeats, it is a battle of iron and blood, where warriors charge fearlessly, engaging in close combat with blades and spears in the wild. The brutality of infighting in Bitcoin lies in the struggle for computing power.

34. The first person says that the first night was January 3, 2009. On this night, Satoshi Nakamoto officially ran the software for the first time. He was a skilled cryptographer, but his programming skills were likely learned on the fly. However, as previously mentioned, his learning ability was exceptional. At this moment, his programming skills were as rough and accurate as a German bulldozer—adequate, coarse. That night, he pressed the start button, and the world's first node quietly lit up, sailing in the boundless darkness. He was evidently a bit excited, his mouth twitching twice as he walked to the window, gazing at the lights of thousands of homes, wanting to shout but restraining himself. He paced back and forth, and with a thought, casually wrote two lines from the London newspaper on the genesis block.

Another person continues, the lights of thousands of homes might remind him of future nodes, the reproduction of nodes. In Utah, the Pando forest appears to be a forest of white poplar trees, covering 105 acres with fifty thousand trunks, but the entire forest is actually a single cell that has reproduced. Now he knows that his node is that cell, destined for endless mitosis, splitting in every corner of the globe. He envisions the future of nodes, imagining the future of this system.

The last person says that on the first night of mining, what he thought most about was how to hide himself. He thought far ahead, his gaze piercing, four years, ten years, twenty years; he likely replayed Bitcoin's twenty years in his mind multiple times. He was cautious everywhere, treading carefully, hiding traces, counter-surveillance, and needed to confirm his concealment methods at every critical point repeatedly. This took a lot of time, from the release of the white paper, the website domain, the server, the mailbox, the Bitcointalk login information, speaking habits, word choices, and even the occasional rumors that emerged later; he meticulously designed everything. He was alone, pitted against enthusiasts and governments over the next decade, undoubtedly the best hide-and-seek captain of the past ten years.

35. If Bitcoin is likened to a martial arts world, then Cat Roasting was once the leader, dominating the computing power of the world, accounting for thirty percent of the entire network at its peak. According to traditional martial arts writing, he should be an old master, hidden away for many years, even the words "spirited and silver-haired" have already formed in my mind. I never expected that upon meeting, behind the massive computing power was actually a graceful young man.

36. "The market has bubbles." This phrase is a universal statement, always correct. Bearish sentiment perfectly aligns with the fear that humans have faced since primitive times when confronted with darkness and beasts. The housing market has bubbles, the stock market has bubbles, and the blockchain market has bubbles, so there will always be a market for bearish experts.

37. It is impossible to know whether the ups and downs of Bitcoin's development were anticipated by Satoshi Nakamoto, but I believe that the surging development of blockchain was beyond his expectations. At that time, he was merely opening up blockchain technology based on electronic currency thinking, rapidly igniting the free issuance and circulation of human value in all dimensions.

38. Whether it is privacy rights or data storage, they share the same nature. Others' profit motives will inevitably treat the data you create as raw materials for profit, which can be used, occupied, and deleted at will. Only by truly mastering your own data and achieving the privatization of data rights can one find the direction for the future, becoming a true "self" media. There is no need to be pessimistic; this era will eventually come.

39. The realization of equality through technology is true equality, allowing even an ant to have the right not to be crushed by an elephant.

40. Wall Street institutions are hoarding Bitcoin, the world's largest third-party payment company PayPal can purchase Bitcoin, and the world's largest video website supports Bitcoin payments.

These three scenarios were often mentioned during the gatherings of Bitcoiners in 2013, feeling like a long-term wish, yet they have now all become reality. Time passes silently, and the answers drift in the wind.

The above is a collection of excerpts from the articles I wrote over the past nine years (2013-2021).