Bitcoin BT relationship
bitcoin is a scam
because bitcoin is a kind of virtual currency, most of which are unregulated and bypass the traditional banking system. Its sharp rise worries regulators around the world. Jamie Dimon, JPMorgan's president, described bitcoin as & quot; A scam & quot;. Because compared with bitcoin, it's not real, it's going to end in the end
virtual currency similar to bitcoin is based on blockchain technology. It is a kind of accounting technology using anonymous computer network operation. No government or central bank has endorsed bitcoin. Therefore, no one can support the value of bitcoin
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pyramid selling is to absorb and allocate funds by developing the relationship between the upper and lower line. In the bitcoin investment market, the elderly and new people do not have the time advantage, nor do they rely on high profits to pull down the line. In the face of market fluctuations, no one can guarantee that they will make money, and the elderly can not force them to get income from pulling new people
bitcoin or other digital currency does not belong to any person or organization. It is an uncontrolled and decentralized program. The code is fully developed, and the total amount cannot be modified or destroyed
bitcoin, like Ruitai, Laite and dogcoin, is a digital currency, which is legal in China.
blockchain technology is not only the underlying technology of bitcoin, but also the core and infrastructure of bitcoin bitcoin has been running without any centralized organization operation and management. Later, bitcoin technology was abstracted, which was called blockchain technology or distributed ledger technology
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disadvantages of blockchain technology applied to digital currency:
first, there is no circulation management organization for "decentralization" blockchain technology is essentially a distributed database system with one-way linked list logic structure and P2P network design mode, which determines that there is no unified central control system for virtual currency based on blockchain technology
Second, it is difficult to effectively control the quantity supply the circulation of virtual currency based on blockchain technology is fixed, and according to Fisher Equation, the total transaction volume of the whole society under a certain price level in a certain period has a certain proportion with the required nominal currency volume, while the constant currency volume obviously can not meet the requirements of the growing total price of social goods Thirdly, "mining mechanism" is difficult to create recognized value bitcoin itself has no value and no national credit support. Some people think that "by continuously consuming computing power and energy to inject value into virtual currency", but it is obviously not the most efficient choice to consume millions of calculations in order to find a hash value that meets the requirements Fourthly, procers and early holders are easy to get high seigniorage any virtual currency based on blockchain technology is held by a few people at the initial stage of its development. Take bitcoin as an example. At first, bitcoin was only a proct of a few people's game. The first bitcoin purchase in May 2010 was $10000 BTC's purchase of $25 pizza. The first bitcoin transaction completed in July of the same year was $0.04/btc< Fourth, we always think that life owes us a "satisfaction", but in fact, we owe life a "effort"< 5. Exercise if you are not in good shape, and try to earn if you have no money. Don't blame others for your predicament. The only thing you can complain about is yourself who doesn't work hard enough< 6. There are not so many talents in the world. Excellent people always try their best to cross mountains and mountains. You should know that what makes you stand out is persistence, persistence and time< br />
7. Hard work has nothing to do with your gender or whether you are single or not. Hard work is to make yourself more independent. Only when you are financially independent, can you be independent of your personality. Only when you are independent of your life, can you be independent of your thoughts< 8. There has never been an effort once and for all in this world, just like there is no success without effort. If you want to live a successful life, there is no shortcut but to work hard all the time< The significance of effort: don't have nothing but tears when your parents need you; Don't have nothing but shame when your child needs you; Don't look back on the past when you have nothing but wasted< br />
10. On the road of life, we need to take some "detours", because "detours" are the stone to sharpen the edge of talents and the spiritual force to push people forward< Life is fair, even if you suffer a lot, as long as you stick to it, you will get something. Even if you fail in the end, you will get something that others don't have—— Ma Yun
12. If you have wings, you should fly; if you have dreams, you should chase them. A person can have nothing, but not without dreams; You can fall over and over again, but you can't fall back. The person who can be proud of the wind and rain must be the strong one in life.
bitcoin is a real currency rather than a quasi currency. Now there is a saying that bitcoin is not a currency, but a quasi currency quasi currency is a kind of asset valued by currency, which can not be directly used for circulation but can be converted into currency at any time. It is mainly composed of bank time deposits, savings deposits and various short-term credit circulation tools. Obviously, bitcoin does not meet the above definition at present, the reason why bitcoin can not be used for shopping in our country is the result of the prohibition of administrative order, which is not caused by its own nature. If we do not consider the restrictions of administrative order, bitcoin can naturally be used for circulation, so bitcoin is real currency rather than quasi currency