How does bitcoin become real value

1. The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system
unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity

according to the notice on preventing the financing risk of token issuance, there is no approved digital currency trading platform in China. According to China's digital currency regulatory framework, investors have the freedom to participate in digital currency transactions at their own risk

warm tips: the above information is for reference only. Before investing, it is recommended that you first understand the risks existing in the project, and understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market. Investment is risky, so we should be cautious when entering the market
response time: December 28, 2020. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html

2.

The emergence of bitcoin is based on a set of "payment system", and its value was first born because of the choice of "forced and helpless". In the later stage, bitcoin develops in the direction of digital assets and digital gold. In addition, there is a blind area of legal supervision, which gives opportunities to some lawless elements and people and institutions who like to speculate, In addition, some people dream of becoming rich overnight, which sets off a prosperous currency circle. As the world's first digital currency, bitcoin's value has soared tens of thousands of times

After the birth of bitcoin, people didn't understand it at first, but with the development of technology, many people began to preach and preach its value when they knew how to use it, and it was in line with the needs of some people and institutions, With the participation of capital and institutions, it has been pushed to a new height. Combined with the rise and fall of the price of bitcoin in the past five years, almost every big fall has been caused by frequent cutting of leeks. Due to the lack of supervision and extremely serious privatization, many people have not made a fortune overnight through the coin circle, but lost everything

3. The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system. Unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of money circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity

warm tips: according to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by the monetary authority, does not have legal compensation and mandatory monetary attributes, is not a real currency, does not have the same legal status as currency, and cannot and should not be used as currency in the market, Citizens' investment and transaction of virtual currency are not protected by law
the above explanation is for reference only. Before investing, it is recommended that you first understand the risks existing in the project, and clearly understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market
investors should not use such information to replace their independent judgment or make decisions only based on such information, which does not constitute any investment operation
response time: January 12, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html

4. Tianlong spirit, set three functions in one, automatic planting, automatic play strange, automatic business. Fully adapt to any window, use the process can be moved to adjust the size of the window
Tianlong genie is a script program made by key Genie 8. X
[function description]
Tianlong spirit, automatic planting, automatic strange fighting, automatic business running
[instructions for use]
for detailed setting instructions and version update download, please see

auto mining start key Ctrl + Shift + home
note that it is better to keep a window size when starting this script
changing the window size will change the acquisition point
upload and download 6 minutes ago (25.14 KB)
collection settings
after the start of mining and mining
after the start of mining, only mining is needed
after the start-up of mining, only mining without mining
F10 stealth
No, not used
you need to put the stealth skill in the F10 column. After you find the collection, you will hide first and then collect it
F9 plus red
No, not used
Qingxin is suitable for the Qingxin and Chongxu of Emei
red medicine is suitable for medicine and symbiosis
Red percentage%
according to the percentage of blood strips, if it is lower than this value, red will be added< No, do not use it
red medicine is suitable for adding blue medicine
percentage of adding Blue%
according to the proportion of blue bars, if it is lower than this value, add blue
Q fishing coordinate points are separated
enter the coordinates that can be fished on the current collection map, and when the collection has no energy, it will automatically go fishing to hang energy< The first time you start the automatic mining system, a window will appear, as shown in the figure:
upload and download 15 hours ago (4.47 KB)
after you confirm, the big map will be opened automatically. At this time, you can right-click 20 acquisition points on the map in order. Click the script of 20 collection points to start the collection
when you start again, the following window will appear. You can choose whether to relocate. If it is in the same map, the same window size can keep the original acquisition point
upload and download 15 hours ago (5.05 KB)

5. blockchain is the underlying technology, and right is the concept of application layer. Blockchain right usually means building applications in various scenarios in the right field based on blockchain technology
What are the application scenarios in the right field? Generally speaking, the application links are: confirmation of rights; Rights protection and utilization
right confirmation: the blockchain will generate a fixed length and unique string based on the hash algorithm, and store it in the network distributed ledger maintained by all of us, so as to achieve tamperable ownership records and statements
rights protection: it is generally based on artificial intelligence technology, such as intelligent crawler and eigenvalue ratio. Docking with the blockchain is to solidify the electronic evidence after discovering the infringement, which is equivalent to making electronic evidence based on the blockchain technology
Rights: this part is more interesting. On the one hand, the conventional sense of right transfer and trading corresponds to the existing exchanges and right trading centers. Based on blockchain technology, integrate online and offline resources, record some electronic contracts and flow information, and facilitate the implementation of functions such as traceability and anti-counterfeiting; On the other hand, after the advent of the digital era, a large number of digital right micro works and interest chain are redefined and divided. Based on the blockchain technology, point-to-point disintermediation of right authorization and transaction, to build a new ecology
in addition, there are more scenarios such as right derivation and IP incubation. Based on the trusted network of blockchain, a new right market ecology and mode will be built, and many scenarios need to be developed and implemented. Many companies in the instry are trying and exploring, such as Xiaoxi intelligent

6. Why do we choose gold as reserve? It has some characteristics: long-term preservation, no loss, scarcity, and impossible to appear in large quantities. This ensures the anti currency nature of gold. Unlike legal tender, which can be controlled by the government or organizations, the output of gold is there, so its value is stable and permanent. Bitcoin also has the advantages of gold, Only one thing is real and the other is virtual. The output of bitcoin can not be controlled by any government or organization. In other words, if the quantity of an item is constant and recognized by the public, it may become currency, such as ancient shells, Copper money (when copper mining is very low) and paper money is only a representative symbol of the above real money. Bitcoin has the advantages of non plication and constant output, so the bubble theory has certain limitations. Just like what is called Road, people walk more is the road, as for whether it is recognized by the state, as long as the road can not be sealed by the state, then there will be people walking on the road. After all, the road is convenient for people, and the recognized road is charged. As for the price of the roller coaster, I understand the following: 1, the imperfect protection measures, resulting in the risk of theft. 2. Excessive speculation on a commodity leads to a bubble. 3. Disapproval of real currency. I'm not studying economics, just some of my ideas. Welcome to discuss. Amir taaki, a core developer, said: "it can be said that bitcoin follows the hype cycle of gaudner. This refers to the theoretical curve of a technology from adoption to maturity. This cycle can be divided into three stages: Technology budding stage, overheating stage, disillusionment Valley stage, recovery stage and proctivity maturity stage. According to this theory, bitcoin is coming out of the disillusionment trough.

7. Because stir fry can make money, take a chestnut, a businessman went to a mountain village, the mountains around the village are full of monkeys. The merchant and the farmers in the village said, "I'll buy a monkey for 100 yuan.". The villagers didn't know whether it was true or not. They tried to catch the monkey, and the merchant gave them 100 yuan. So the whole village went to catch monkeys, which was much more cost-effective than farming. Soon the merchant bought more than 2000 monkeys, but there were few on the mountain. At this time, the merchant offered 200 yuan for each monkey. When the villagers saw that the price of the monkey had doubled, they went to catch it. The merchant bought it again, but it was very difficult to catch the monkey. The merchant offered another 300 yuan to buy a monkey, but the monkey could hardly catch it. The merchant offered 500 yuan for each monkey. There are no monkeys on the mountain. More than 3000 monkeys are here. One day, when the merchant came back to the city, his assistant went to the village and said to the farmers, "I will sell you monkeys for 300 yuan. When the merchant comes back, you will sell them for 500 yuan, and you will be rich.". The villagers were crazy. They smashed the pot and sold iron. They collected enough money to buy all the more than 3000 monkeys. The assistant left with the money and the businessman never came back. The villagers have been waiting for a long time. They firmly believe that the businessman will come back and buy their monkeys for 500 yuan. Finally, someone can't wait any longer. The monkeys still have to eat fruit and bananas. There's a cost. They can only put the monkeys back on the mountain, which is still full of monkeys.