Chapter 797 Kolo's Preparation

As we all know, the main features of BitC or blockchain are decentralization, traceability and anonymity.

Decentralization means that the information in the blockchain is not stored centrally like traditional centralized data, but that all participating members can record it completely, so that the data cannot be tampered with.

For example, the user's bank account information is stored on the bank's server. In fact, the bank has the authority to unilaterally modify your account information.

When using blockchain's decentralized storage, each user can keep accounts. If a single storage is tampered with, it can be immediately discovered during "reconciliation".

This is why blockchain technology is too advanced compared to the current hardware level...

Because not to mention some information that needs to be recorded using blockchain technology, even if it is just various BitC transfers and user account information, as time goes by, it will not be possible for ordinary users’ computers to complete the storage. As time goes by, With the accumulation of data, it will become increasingly large data, occupying a considerable amount of storage space.

Therefore, after discovering this problem, many blockchain projects can only settle for the next best thing and let some larger institutions or companies participate. Not every user will store it, but let some of them have the strength. "Nodes" to complete the storage of information, and these institutions or companies as "nodes" can obtain accounting rewards, which is a part of Coin...

In addition, the account status of all BitC accounts, including transfer records, are publicly available.

In Barron's previous life, after Satoshi Nakamoto disappeared and BitC had gained considerable recognition and had a relatively high value, many people through inquiries found accounts holding large amounts of BitC (such accounts are often called giant accounts). Whales), some of the accounts that were created very early and have never made any transfer transactions are believed to be owned by Satoshi Nakamoto, the founder of BitC.

After Satoshi Nakamoto "disappeared", almost no assets were transferred to these accounts until Barron was reborn.

It is conceivable that at that time, how many people around the world had been monitoring these accounts - after all, these accounts held a large amount of BitC. Once sold, it would naturally cause great fluctuations in the price of BitC.

It is also because these accounts are almost all "dusted away" and never used again, so many people suspect that Satoshi Nakamoto may no longer be alive...

After all, based on the price of BitC at US$70,000 per piece, 1.1 million BitCs would be worth US$77 billion. It would be difficult for anyone with such a large amount of wealth to remain unmoved - even for fear of selling too much. BitC collapsed, but in the future, if BitC’s daily trading volume is extremely high, selling part of it will not have much impact...

Now, Barron also has the opportunity to solve this mystery. What happened to make Satoshi Nakamoto suddenly ignore it after creating such a magical thing as BitC?

The reason for such an action was that Barron also had other purposes.

For example, let Kolo become one of the centers of the global blockchain, or more specifically, digital currency...

If we look at it purely numerically, even when the price of BitC is at its highest in the future, based on its total supply of 21 million, its total market value will be less than US$1.5 trillion (not to mention that there are still many that have not been mined at that time. Moreover, a large number of BitCs were "sealed" forever because early holders did not pay attention to them and lost their private keys), while the total market value of gold exceeds 7.5 trillion.

So the difference between the two is still huge...

However, surrounding these Coins including BitC, the surrounding industries include mining machines, related exchanges (in addition to spot, there are also derivative contracts and other transactions), as well as the research and development and investment of various emerging projects, which involve The scale of all industries reached is still very impressive.

And it's not just China. Even in regions where policies in this area are not so strict, supervision has always existed - for example, the U.S. Securities and Exchange Commission (SEC) has been issuing various fines on many related projects.

Therefore, if Kolo can be relatively friendly to these projects in this regard, it is still possible to get a considerable share of the cake in the entire industry.

Just like in the future, after China tightens relevant regulations, a large number of projects will go overseas to areas with relatively friendly policies in this area, such as Lijiapo and Dubai.

The reason why Barron initially chose Kolo as one of his "bases" was that in addition to the "karma" of the Protector Military Service Company, Kolo does also have a good geographical location in West Africa. It has the best port in West Africa, Kolo. Ti Port, and its land area and population are not ranked high in West Africa, or even in Africa as a whole, and it is not very eye-catching...

Barron's plan for Colo itself was in terms of trade transshipment and finance. Later, after the offshore oil fields were discovered here, energy-related industries were added...

However, considering the situation in Africa, financial aspects are limited by the instability of many countries. It is still possible for Kolo to become one of the financial centers in all of West Africa and even Africa.

Given Khloe's situation, it's already good to be able to reach this point.

Don't look at the fact that India seems to be bad at everything. Compared with China, India is made into a "scumbag" by the "top students".

But how does India compare to Africa...

Why does the West often give India so much help, and even the situation of China can only be envied compared to it?

It is nothing more than hoping that a market as vast as India can develop and have a population comparable to that of China. As long as it can reach half of China's GDP, it can also bring about a huge and coveted market.

As for why they chose India instead of Africa among developing countries?

It's very simple. Compared with China, India has been beaten in all aspects, but compared with other developing countries around the world, India is still the most anticipated...

Therefore, located in such a "uniquely blessed" region, it is too difficult for Colo to become a global financial center like China HK or Lijiapo. Barron can only let it find its own way and increase its investment in blockchain.

This can also be regarded as Barron’s advance layout for the future. In May last year, the famous purchase of two pizzas with 10,000 BitC had just happened - when BitC initially showed the wealth effect and had a certain transaction volume , we have to wait until 2013, and it will be even later for blockchain to receive attention on a larger scale.

Until then, Khloe just needs to be ready.