Will bitcoin replace RMB

1. bitcoin can be cashed and converted into the currency of most countries
users can use bitcoin to buy some virtual items, such as clothes, hats and equipment in online games. As long as someone accepts it, they can also use bitcoin to buy real-life items. In the metaphor of RMB, bitcoin is the serial number of RMB. If you know the serial number of a note, you have the note. During operation, bitcoin users enter a password similar to the bank pin code to log in to the network bitcoin account
through the ATM, users can withdraw the Canadian dollar cash corresponding to the ratio from the bitcoin account, or deposit the cash into the bitcoin account
bitcoin users only need a smart phone to use bitcoin, which is similar to online shopping. A bitcoin address is about 33 characters long, a string of letters and numbers, always starting with 1 or 3, such as & quot& quot; Bitcoin software can generate address automatically, and it does not need to exchange information online when generating address, so it can be offline [2]. More than 2 bitcoin addresses are available. Figuratively speaking, there are about two grains of sand in the world. If there is an earth in each grain of sand, then the total number of bitcoin addresses far exceeds the number of all the sand on all these "earths"
bitcoin address and private key appear in pairs, and their relationship is like bank card number and password. A bitcoin address is like a bank card number, which records how much bitcoin you have on it. You can generate bitcoin address at will to store bitcoin. When each bitcoin address is generated, a corresponding private key of the address will be generated. This private key proves that you have ownership of the bitcoin at that address. We can simply understand the bitcoin address as the bank card number, and the private key of the address as the password of the corresponding bank card number. Only when you know the bank password can you use the money on the bank card number. Therefore, please keep your address and private key when using bitcoin wallet.

2.

Many people think that the reason why bitcoin is valuable is because it is "rare", and if bitcoin is no longer "rare", then it will not have value

this is a misunderstanding. Let's consider a question: what is the essence of all "currencies"

the answer is trust. The biggest reason for the value of the dollar is because of the credibility established for the dollar under the Bretton Woods Agreement, rather than the so-called equivalent exchange with gold (although others say so). The main reason why RMB is valuable is because of the trust system of RMB in China and neighboring countries, rather than the exchange with us dollar reserves (see offshore RMB). This can explain why the currencies of some countries (such as the ruble of Russia, as well as the Zimbabwean currency as you all know) have been greatly devalued, because the government and the current world situation have led to a trust system that does not support the existence of this currency. The so-called economic sanctions and currency speculation are very superficial and superficial reasons

the essence of money is trust

What about bitcoin

bitcoin has no centralized Trust Measurement institution. The value of bitcoin, namely its "credit system", comes from distrust of centralized units. Every country finds that seigniorage is too easy to collect, which leads to the increasingly poor trust between countries. Even the people of all countries do not trust the national currency

and trust, like quality, is conserved. Trust in centralized money decreases, while trust in decentralized money increases naturally

this is the essential reason why the value of bitcoin continues to rise. Therefore, for digital currencies such as bitcoin, there are only two outcomes. Either countries want to understand that they will no longer issue excess currencies, issue additional currencies in a scientific and reasonable way, unify stable exchange rates, and maintain the credit system of centralized currencies, then the value of bitcoin will be infinitely close to zero. Or countries will continue to drink water to quench their thirst, and more frantically use the method of issuing excess currency to collect seigniorage from everyone, then the trust in the centralized currency will be lower and lower, and the total value of bitcoin, a decentralized currency, will be infinitely close to the gross labor value of all the units that do not trust the government and other governments, but need international trade

either the price is crazy or it's worthless

after understanding these, we can answer this question. Will bitcoin be replaced by other digital currencies

swindlers like * * and even the old Wang next door can come and yell, "I spent 10 minutes to change bitcoin's core and create a new digital currency called SBC. Come and join my ICO and pay me seigniorage ~". So, if this happens, will you immediately choose to use Lao Wang's SBC next door

the answer is that some speculators will participate, but the market will not. The reason is very simple, the new cryptocurrency has not been recognized by the market, the application has not been proced, this kind of currency has no way to exchange for means of proction. Then this kind of currency is not money, but a virtual commodity for speculation. In other words, even if old Wang ICO next door has an SBC, no one will choose this kind of currency except those speculators who have no brains

in the current market, there are many other digital currencies, such as Ethereum, EOS, XRP, and so on, which may have technological advantages in some aspects (in fact, BTC has been evolving, and it will also learn from the advanced technologies of other digital currencies that have been successfully proved by the market. LTC and other currencies can be said to be the experimental currencies of BTC's advanced technologies.), There may be more application scenarios than BTC in the future, but they are not likely to challenge the status of BTC. BTC will always be the first consensus in the currency circle, which is the belief of many people. BTC will exist for a long time as the gold in the currency market, not mainly for the circulation of digital currency

3. At present, it can not be replaced
bitcoin has many advantages such as world circulation, decentralization, exclusive rights and fixed quantity, and its formation is also under the needs of human economic development. Therefore, with the development of bitcoin, its existence will bring certain challenges to the traditional currency. However, at present, although bitcoin believes in liberalism and the principle of science and technology, it has brought great challenges to the traditional currency. However, from the characteristics of bitcoin circulation, such as high risk, difficult supervision and instability, bitcoin can only coexist with the traditional currency for a long time in the future, but it can not replace the traditional currency.

4. 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
on February 16, 2021, the price of bitcoin exceeded $50000. On February 20, 2021, the total market value of bitcoin broke through the $1 trillion mark. On February 22, 2021, the price of bitcoin exceeded $58000 per coin. On the evening of February 22, 2021, bitcoin's decline widened e to the counterattack of short selling funds. It once fell below US $48000 / piece, with a decline of nearly 17%. Subsequently, long funds quickly began to bottom, in half an hour, bitcoin fell from 17% to 6%. According to coingecko, as of 0:00 on February 23, Beijing time, bitcoin was at US $52878.42 per coin, down 9% in 24 hours

warm tips: ① 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 the monetary attributes of legal compensation and mandatory, 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
② the above explanation is for reference only. Before investing, it is suggested 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 mistaking into the capital market
③ 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: February 25, 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

5. Bitcoin can be cashed and converted into the currency of most countries. Users can use bitcoin to buy some virtual items, such as clothes, hats and equipment in online games. As long as someone accepts it, they can also use bitcoin to buy real-life items. In the metaphor of RMB, bitcoin is the serial number of RMB. If you know the serial number of a note, you have the note. During operation, bitcoin users enter a password similar to the bank pin code to log in to the network bitcoin account
through the ATM, users can withdraw the Canadian dollar cash corresponding to the ratio from the bitcoin account, or deposit the cash into the bitcoin account
bitcoin users only need a smart phone to use bitcoin, which is similar to online shopping. A bitcoin address is about 33 characters long, a string of letters and numbers, always starting with 1 or 3, such as & quot& quot; Bitcoin software can generate address automatically, and it does not need to exchange information online when generating address, so it can be offline [2]. More than 2 bitcoin addresses are available. Figuratively speaking, there are about two grains of sand in the world. If there is an earth in each grain of sand, then the total number of bitcoin addresses far exceeds the number of all the sand on all these "earths"
bitcoin address and private key appear in pairs, and their relationship is like bank card number and password. A bitcoin address is like a bank card number, which records how much bitcoin you have on it. You can generate bitcoin address at will to store bitcoin. When each bitcoin address is generated, a corresponding private key of the address will be generated. This private key proves that you have ownership of the bitcoin at that address. We can simply understand the bitcoin address as the bank card number, and the private key of the address as the password of the corresponding bank card number. Only when you know the bank password can you use the money on the bank card number. Therefore, please keep your address and private key when using bitcoin wallet.

6. The information center belongs to a public institution according to the following general situation. The emergence of a new Department will become an authority if you enter early and understand early. If you don't develop as well as you think, this department is a good choice for you Personal point of view, because if it was me, I would choose like this, ha ha)
finally, I wish you a good development and a good mood every day

7. Yes, it can be cashed directly through the OTC exchange

8. Calculation data: active power degree, reactive power degree, variable loss active power degree and variable loss reactive power degree. It is difficult to calculate without detailed data
if the power factor standard is 0.9, the penalty will be 0.1% of the total electricity charge for each 0.01 lower than the standard (the active power variable loss fee is not included), and the lower the penalty, the more accumulated; For every 0.01 higher than the standard, the prize is 0.15% of the total electricity charge (the active power variable loss charge is not included), and the higher it is, the more it will be accumulated
the following figure shows the calculation formula of power factor monthly settlement:
http://hi..com/%B3%C2%BC%E1%B5%C0/album/item/fbd06a7ab0294fd70ad187e8.html