Is bitcoin controlled

1.

bitcoin is a kind of P2P digital currency

reasons for blocking:

1. Vulnerability of trading platform. The bitcoin network is robust, but the bitcoin trading platform is fragile. Trading platform is usually a website, which will be attacked by hackers or shut down by competent authorities

The transaction confirmation time is long. When bitcoin wallet is first installed, it will consume a lot of time to download historical transaction data blocks. While bitcoin transaction, in order to confirm the accuracy of data, it will take some time to interact with P2P network, and the transaction will be completed only after the whole network is confirmed

The price fluctuates greatly. Due to the intervention of a large number of speculators, the price of bitcoin for cash fluctuates like a roller coaster. Making bitcoin more suitable for speculation rather than anonymous trading

4. The public did not understand the principle, and the traditional financial practitioners resisted. Active netizens understand the principle of P2P network and know that bitcoin has no legal person to manipulate and control. But the public doesn't understand, and many people can't even tell the difference between bitcoin and q-coin“ "No issuer" is the advantage of bitcoin, but in the view of traditional financial practitioners, "no issuer" currency is worthless

extended materials:

the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's idea, the open source software was designed and released, and the P2P network on it was constructed. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system

unlike most currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses the design of cryptography to ensure the security of all aspects of currency circulation

the decentralized feature and algorithm of P2P can ensure that it is impossible to artificially control the value of bitcoin by mass manufacturing. 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. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 million

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

on February 26, 2014, Joe Manchin, a Democratic senator from West Virginia, issued an open letter to a number of regulatory authorities of the US federal government, hoping that the relevant authorities would pay attention to the status quo of bitcoin's encouraging illegal activities and disrupting the financial order, and demanded that actions be taken as soon as possible to completely ban the electronic currency

from 12:00 noon on January 24, 2017, China's three major bitcoin platforms officially began to collect transaction fees

2. It's hard to say, but it has been said that the trading platform and big crops controlled the price of bitcoin, and some of the big mining machinery manufacturers are big crops. Especially after the opening of bitcoin futures leverage, trading platforms and big crops can use very little money to control the price of bitcoin. There is also the fact that bitcoin's trading is small and less active, which makes it easier to be controlled by makers. However, whether bitcoin has Dazhuang or whether bitcoin trading platform unites Dazhuang to control the stock market is still a speculation. There is no evidence to show that this speculation is true

you can't use the experience you learned from traditional stock futures trading to deal with bitcoin market. The price of bitcoin doesn't fluctuate in any fixed way.

3. Bitcoin can be regulated
however, it has not been fully and effectively regulated at present (as of March 6, 2019)
if we understand bitcoin as a kind of "currency", then it is equivalent to US dollars leaving the United States. Usually, after the US dollar leaves the United States, banks in other countries will help manage it. However, it is impossible to count the scattered us dollars that are neither in the United States nor in the hands of banks and other financial institutions. For example, in some areas of Africa where there are no banks, the US dollar is used
these scattered us dollars are equivalent to bitcoin
how to regulate these scattered us dollars
generally, in addition to controlling the issuance of US dollars, US dollar regulation also controls the circulation and usage ports. The Federal Reserve controls the number of new currencies issued each year according to the flow and damage of dollars abroad. At the same time, we should supervise the inflow and outflow of US dollars, so as to keep us dollars in an environment that can be roughly traced, so as to facilitate the issuers to count the total amount, so as to avoid excessive inflation or deflation
in fact, these scattered us dollars exist in some deregulated environments. Although they are out of control, they will not affect the overall economic situation
If anyone wants to influence the international economy through these scattered us dollars, then it must enter the existing regulatory system. In this way, these scattered dollars are regulated
for bitcoin, we can also learn from these forms of regulation
first of all, from the point of view of the issuing end, although the total number of bitcoin is now 21 million, it is also "set before" and cannot be changed
recently, it has been mentioned that the 21 million bitcoin limit should be abolished, which means that the issue of bitcoin is not stable. Therefore, it is necessary to control the issuance of bitcoin from the development end
you need to get inside the development side and become a core developer
Second, monitoring from the circulation link. In fact, this is the most difficult monitoring at present, because the blockchain is anonymous, the user is anonymous, and the receiver is anonymous
even though we can trace the circulation path of bitcoin by technical means (for example, we can know that a transaction is sent from a small house in the United States to a commercial building in Germany), it is only a drop in the bucket for tens of millions of users in the whole environment. How to trace and manage the overall transaction data is a huge problem
you can't know from the transaction data whether the user is engaged in illegal transactions
what should we do? Regulators have come up with a way to bind personal identity information to the user's real name, your exchange account number and bitcoin wallet address. But this is also a temporary solution, because it can only monitor the use of bitcoin in specific situations. An indivial can use multiple bitcoin wallet addresses. You don't know when he will apply for a new one
in terms of circulation, there is also a monitoring system to control the exchange channel between bitcoin and local legal currency. Banks in some regions do not provide financial services for users who exchange bitcoin for legal currency, and some countries and regions prohibit financial institutions from providing bitcoin and local legal currency exchange services
if users secretly exchange huge amounts of bitcoin, some clues can be found through the bank transfer records, so as to crack down on illegal acts in time. As for those who make little trouble, let him go
thirdly, restrict the use. This is relatively easy to achieve. For example, relevant laws have been issued to prohibit the use of bitcoin transactions. Although it's impossible to ban it completely, it's better than letting it run wild All over the world, it seems that what is forbidden is not completely forbidden
for example, before using bitcoin in public, you must use your real name, and you have to pay taxes to hold or use bitcoin
of course, it's OK for users not to do so, so it's better to use its assets in the dark
having said so much, now you know that bitcoin can be regulated, but it's not so well managed. Many measures have been taken, and it seems that they are not effectively regulated. Under what circumstances can bitcoin be effectively regulated? Users consciously report their holdings of bitcoin to the regulatory authorities. The regulatory authorities add some development functions to the bitcoin to achieve supervision, or they don't need to use it, so it doesn't matter at all
in fact, it can't be controlled so strictly, as long as it can't be controlled in the range of big waves. After all, there is light and dark, and there may be no gray space at all
new technology will surely have an advantage when it comes to living now.

4. As we all know, the price of any currency or commodity is determined by supply and demand. In our opinion, the first factor that affects the price of bitcoin is its limitation, whether in terms of quantity or proction time. The total amount of bitcoin has long been known - only 21 million. In addition, the time to create or mine available bitcoin is predictable, and the proction rate is declining. This factor has a positive impact on the currency and contributes to its growth. Digital currency trading platform "currency exchange"
the second factor is that the idea of bitcoin prices goes up to infinity: from $1000 to more than $1000000
the third factor is that bitcoin can be used as a payment system to transfer money from one account to another
the fourth factor is people's trust. In recent years, more and more people are interested in digital currency and tend to buy it. More and more enterprises and businesses accept bitcoin as a means of payment. This factor also contributes to the growth of bitcoin
the fifth factor is the recognition of bitcoin as a means of payment and invested by different governments. It is recognized and regulated by more and more laws, and has gained official status all over the world
the sixth factor to increase the price of bitcoin is that it is independent of the macroeconomic indicators of major countries in the world. The quality of national statistics will affect the fluctuation of domestic currency, but such news has little effect on the price of the bitcoin.

5. Nodes are the places where the blocks are connected, and the blocks need to be chained to be useful
core analysis:
1. Transparency, 2. Openness, 3. Information can not be tampered with, 4. Decentralization,
5. Detailed analysis
blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies. The so-called consensus mechanism is a mathematical algorithm to establish trust and obtain interests between different nodes in the blockchain system
1. In a narrow sense, blockchain is a chained data structure composed of data blocks connected in sequence according to the time sequence, which is a distributed account book that can not be tampered with and forged by cryptography
2. Broadly speaking, blockchain technology uses blockchain data structure to verify and store data, uses distributed node consensus algorithm to generate and update data, and uses cryptography to ensure the security of data transmission and access It is a new distributed infrastructure and computing method to program and operate data by using intelligent contract composed of automated script code.

6. Line
Road:
Zhengzhou Puyang
Li
distance:
230 km
car
type:
luxury bus
ticket
price:
70 yuan
6:00-19:40
30 minutes a class
it's six o'clock at the earliest

7.

Now the price of bitcoin has exceeded $40000. Is there a black box operation behind this? Not yet. After all, behind bitcoin, all operations are relatively hidden, and there is no way to track them. However, it can be seen from various phenomena that there must be a group operating behind bitcoin. With the soaring price of bitcoin, I believe many people have heard about the investment method of bitcoin in their daily life. Many people have entered the bitcoin investment market. According to some official data, many people have opened new accounts in bitcoin trading forums. So, is there anyone behind bitcoin going in and operating by others? Today, let's share some of my views on this matter{ RRRRR}

Third, how to view the soaring bitcoin

To be honest, the rising price of bitcoin may be the reason for the market. Bitcoin has done this several times before. We can't unilaterally deny that bitcoin has no value. After all, as the representative of blockchain, bitcoin still has a representative role in a certain sense, but its existing price certainly has a lot of moisture, which can't represent the existing value of blockchain at all. After all, if converted into stocks, bitcoin is now almost equivalent to a Tesla company. In this case, would you choose to invest in Tesla or bitcoin