BTC publicity Conference
the notice defines the nature of bitcoin, and holds that bitcoin is not issued by the monetary authority, has no monetary attributes such as legal compensation and compulsion, and is not a real currency. In terms of nature, bitcoin is a specific virtual commodity, which does not have the same legal status as currency and cannot and should not be used as currency in the market. However, bitcoin trading as a commodity trading behavior on the Internet, ordinary people have the freedom to participate at their own risk
the notice requires that at this stage, all financial institutions and Payment institutions shall not price procts or services with bitcoin, buy or sell bitcoin as a central counterparties, underwrite insurance business related to bitcoin or include bitcoin into the scope of insurance liability, and provide other bitcoin related services to customers directly or indirectly, Including: providing bitcoin registration, trading, clearing, settlement and other services for customers; Accept bitcoin or use bitcoin as a payment and settlement tool; Carry out bitcoin and RMB and foreign currency exchange services; Carry out bitcoin storage, custody, mortgage and other services; Issuing financial procts related to bitcoin; Take bitcoin as the investment target of trust, fund, etc
according to the notice, the bitcoin Internet website, as the main trading platform of bitcoin, shall be filed with the telecommunications administration according to the provisions of the Telecommunications Regulations of the people's Republic of China and the measures for the administration of Internet information services. At the same time, in view of bitcoin's high risk of money laundering and being used by criminals, the notice requires relevant institutions to perform the legal anti money laundering obligations such as customer identification and suspicious transaction report in accordance with the anti money laundering law of the people's Republic of China, so as to effectively prevent the money laundering risks related to bitcoin
in order to avoid excessive speculation of virtual commodities such as bitcoin in the name of "virtual currency" and damage the public interest and the legal tender status of RMB, the circular requires financial institutions and Payment institutions to correctly use the concept of currency in their daily work, pay attention to strengthening the ecation of the public's knowledge of currency, and correctly understand the concept of currency The concept of correctly treating virtual commodity and virtual currency, rational investment, reasonable control of investment risk, and maintenance of their own property security should be included in the content of financial knowledge popularization activities, so as to guide the public to establish a correct concept of currency and investment
in the future, the people's Bank of China will continue to pay close attention to the trend and related risks of bitcoin based on its own responsibilities End)
bitcoin home has an interpretation.
the total number of BTCs is 21 million. When a block is successfully calculated, the coin will be given to the successful "block exploding" miner in the form of mining reward. BTC block reward has a mechanism of halving every four years. After calculation, it will take about 2140 for all BTC to be g up. Therefore, in our lifetime, there is no need to worry about the BTC being g up
as long as the BTC value is still there will be profits whenever mining, and some miners will not shut down their machines.
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it is estimated that 21 million pieces will be excavated in 2140
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according to the relevant literature of bitcoin, in 2140, 2100 bitcoins will be proced and will not grow any more. According to the principle of bitcoin, after 33 halving periods, the mining output of each block will reach 0.58 Cong, less than the minimum unit of one Cong. The interval of each half rection is 210000 blocks, and the total proction time (2140 years) given in the above literature is calculated from the proction time of each block of 10 minutes 210000 * 10 / 60 / 24 / 365 = 3.9954 * 33 = 132 years. Since 2008, 132 years later, it is 2140 years)
however, the "proction time of each block is 10 minutes" used in the above calculation method is an ideal state, which is only true when the computing power and difficulty of the whole network do not change. Looking at the bitcoin blockchain, it is not difficult to find that bitcoin's whole network computing power has been growing for a long time, and the difficulty of mining has also increased. Therefore, it is not difficult to find out that the above calculation is not tenable and there is a huge error
the shortcomings of the above methods are that they can not accurately predict the change of bitcoin network computing power and the mining speed of bitcoin. The 11.3-day data used in the above calculation method is only the average value from May 2013 to April 5, 2014, and the representativeness is questionable. We can integrate the results of big data analysis and mining machine proction to establish a more accurate mathematical model
since then, the pie has risen to US $14000 for more than a month. Today, it has been nearly two months since this high point. At present, the range of shock is almost a 30% callback
so, according to the historical situation, we are likely to experience another 150% rise this year? And if it can be realized in the next few months, it also means that the bear market is really far away from us:
however, it should be noted that the above is based on the rising cycle in history, and now, logically speaking, we can't be 100% sure that we must be in a rising cycle now. If we choose this chart today, we also want to remind the players who are looking at the general trend, Or we should be cautious to do some catch-up and sell down, or wait for a "bottom hunting" point, because it is possible to miss one or two times the income of ten or twenty points
time really flies. It is expected that bitcoin will rise to US $15000 by the end of the year
According to foreign media reports, although the price of bitcoin has dropped sharply this year, the cryptocurrency conference is still a major event
This week, coindesk, a well-known bitcoin news website, will hold a three-day bitcoin conference in New York City with a ticket price of about $2000. It is expected that 4000 people will attend the meeting, which is a lot more than last year's 2700 people. As a result, ticket revenue for the conference will be at least $8 millionwithin a few days of the bitcoin conference in New York, there are 20 other conferences held at the same time, and the ticket price of these conferences is also very high. Three years ago, the consensus conference was first held, and only 400 people attended. Now, the conference has become the main feature of blockchain week NYC
before and after the consensus meeting held in May last year, the price of bitcoin soared to about $2000. Of course, this is also the result of the first tokensummit summit and ethereal summit
since then, the price of bitcoin has skyrocketed, successfully attracted the interest of Wall Street, and exceeded $10000 for the first time after the consensis invest meeting held in November. In December, the price of bitcoin peaked at more than $19000. But since then, its price has fallen by more than half
strong speaker lineup
this year's speaker lineup shows that the cryptocurrency instry has taken an important step towards the mainstream direction. Jack Dorsey, co-founder of microblogging site twitter, is e to speak at the consensus conference on Wednesday. Square, his mobile payment company, also launched bitcoin trading this year. Other members of the meeting's expert group include government officials and heads of start-ups
"the consensus conference is very famous. If you give a speech at the conference, it means that you are also very famous." Said Michael oved, co-founder of airswap, the cryptocurrency exchange. He is also the organizer of the fluidity blockchain conference held last Thursday
he said that he deliberately lowered the ticket price of his fluidity conference to $150-250. Because he thinks it's a "good opportunity for us to share what we're studying.". About 700 people attended the fluidity conference, and ticket sales reached about $140000, oweed said
"ironically, the organizers charge a lot, but they never pay the speakers. These speakers are the people who are most concerned about the development of the blockchain community and are most eager to share new developments. " She tweeted on April 28
she will give speeches at ethereal summit and consensus meeting this week“ Neither of these meetings paid me for my speech. " She said. She added, "live online is a great way for the public to watch the content of the conference."
"too many meetings, it's crazy"
all kinds of meetings are very powerful and lively, but we don't know whether they finally help start-ups, especially those with imperfect management
"there are too many meetings now. It's crazy." "In the San Francisco Bay area alone, there's a weekly meeting on blockchain," oweed said. It's easy for us to be distracted by these meetings. "
however, some people are convinced that these meetings will eventually be the catalyst for the recovery of bitcoin prices
"after the previous consensus meetings, the price of bitcoin will rise. This fact strongly supports our view that the price of bitcoin has hit the bottom this year. " "During every meeting, the price of bitcoin goes up 10-70%," Tom Lee, co-founder of fundstrat global research, a market research firm, said in a research briefing on May 7
he added, "considering the significant increase in the number of participants, we believe that the price of all cryptocurrencies will increase similarly."
it is worth noting that the price of bitcoin fluctuates significantly ring the annual meeting, and it also becomes a hot spot in bitcoin market.
On May 1, bitcoin broke through the $58000 mark, with a 24-hour increase of nearly 9%. In terms of position explosion, according to statistics from three parties, in the past 24 hours , the number of positions explosion of bitcoin was 252 million US dollars, and the number of positions explosion was 45000 people
Dean, former general manager of JPMorgan Chase, said he was optimistic about silver and bitcoin. "By the end of the first quarter of next year, the price of silver is likely to reach $35 to $40," he said. As for bitcoin, by the end of this year, it may be more than $100000, or even $150000. "
In addition, Dean predicted that gold and bitcoin are expected to usher in a new wave of investors seeking to avoid inflation. Considering that bitcoin is a relatively new asset, the new growth trend of its investors is expected to be more obvious Munger continued to attack bitcoin on May 1st, local time, the annual global investor's meeting, the general meeting of shareholders of Warren Buffett (Berkshire Hathaway) arrived as scheledwhen asked how to evaluate bitcoin, Buffett said that he and Munger did not hold bitcoin and declined to discuss this topic. Munger said bluntly, "I hate the success of bitcoin. I don't like this virtual currency to kidnap our existing currency system. Bitcoin is like a financial proct born out of thin air, but it can make billions of dollars. I am not satisfied with this. It is contrary to the development of our civilization. "