Mysterious bitcoin

2.

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 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

extended data:

bitcoin network generates new bitcoin through "mining". In essence, the so-called "mining" is to use computers to solve a complex mathematical problem to ensure the consistency of bitcoin network distributed accounting system

to mine bitcoin, you can download the special bitcoin computing tools, register various cooperation websites, fill the registered user name and password into the computing program, and then click the operation to officially start

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

3.

The concept of bitcoin was founded by Nakamoto

On December 12, 2010, when bitcoin graally became a hot topic, he quietly left and disappeared from the Internet

As a descendant of samurai, Nakamoto was born in 1949 in Beppu, Japan. His mother, quanzi, was a Buddhist and brought him up in poverty

When his parents divorced in 1959, Nakamoto's mother remarried and immigrated to California with her three sons. Nakamoto and his stepfather don't get along well, but according to his younger brother Arthur, Nakamoto showed his talent in mathematics and science when he was very young, but also showed his "fickle and strange interest"

Nakamoto graated from Caltech, majoring in physics. Upon graation, he joined Hughes Aircraft and worked in defense and electronic communications. Later, Nakamoto worked for the U.S. military, and his experience was classified as a state secret. Now searching his files, his life is a blank

In 2008, in an e-mail group discussing information encryption on the Internet, he published an article outlining the basic framework of the bitcoin system. In 2009, he established an open source project for the system, officially announcing the birth of bitcoin. On December 12, 2010, when bitcoin graally became the climate, he quietly left and disappeared from the Internet

4.

Whether in the past or in the future, we have always advocated that indivial interests should be in line with collective interests. When facing social and economic interests, we should first consider social value. When dealing with virtual currency shuttling through financial transactions, how should we choose its social and economic value

there are thousands of virtual currencies in circulation in the market, and not every currency will follow the principle of social value first. From December 17 to January 18, many virtual currencies scrambled the trading market by virtue of ICO chaos, which not only made many investors lose money, but also lost the hope of increasing the value of virtual currency, This kind of virtual currency not only has no social value, but also can never realize its own economic value

As the first virtual currency to appear in the public's eyes, bitcoin is a financial proct with both social and economic values. It not only grows graally in the process of development, from less than $1 to $10000 + today, but also drives the development of the whole instry. Bitcoin is the leader and protector of the emerging instry, Its contribution is multifaceted and its advantages are incomparable

As a new emerging virtual currency, mycoin may not seem warm now, but the soup made by slow fire is often different. I hope mycoin will move closer and closer to bitcoin and compete with it in the near future

5. Bitcoin (bitcoin: bitcoin) was originally a kind of network virtual currency, similar to Tencent's q-coin, but it has been able to buy real-life goods. It is characterized by decentralization, anonymity, and can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Therefore, it is used as a money laundering tool by some criminals. In 2013, the U.S. government recognized the legal status of bitcoin, making the price of bitcoin soar. In China, on November 19, 2013, a bitcoin was equivalent to 6989 yuan

in 2009, Nakamoto designed a kind of digital currency, namely bitcoin. The booming bitcoin market has gone up and down, and the identity of its founder "Nakamoto" has always been a mystery. Rumors about "the father of bitcoin" involve from the US National Security Agency to financial experts, and also give bitcoin a mysterious aura

on January 7, 2014, Taobao announced that it would ban the sale of Internet virtual currencies such as bitcoin and lightcoin from January 14. On February 26, 2014, Democratic Senator Joe Manchin of West Virginia issued an open letter to a number of regulatory authorities of the federal government of the United States, hoping that relevant institutions would pay attention to the status quo of bitcoin encouraging illegal activities and disrupting the financial order, and demanded that actions be taken as soon as possible to completely ban the electronic currency. On January 11, 2017), the Shanghai headquarters of the people's Bank of China and the Shanghai Municipal Finance Office carried out on-site inspection of bitcoin China, focusing on whether the enterprise carried out credit, payment, exchange and other related businesses without permission or license; Implementation of anti money laundering system; Fund security risks, etc. On January 12, 2017, the business management department of the people's Bank of China also entered the trading platforms such as "fire coin net" and "currency bank" in Beijing
on May 12, 2017, a global outbreak of bitcoin virus madly attacked public and commercial systems! More than 40 hospitals across the UK have been widely hacked, leaving the NHS in chaos. The campus networks of many colleges and universities in China were also occupied. Nearly 74 countries in the world have been seriously attacked
currency characteristics

Decentralization: bitcoin is the first distributed virtual currency, and the whole network is composed of users without a central bank. Decentralization is the guarantee of bitcoin's security and freedom
Global Circulation: bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin
exclusive ownership: the private key is required to manipulate bitcoin, which can be stored in any storage medium in isolation. No one can get it except the user himself
low transaction cost: bitcoin can be remitted free of charge, but a transaction fee of about 1 bitfen will be charged for each transaction to ensure faster transaction execution
no hidden cost: as a means of payment from a to B, bitcoin has no cumbersome quota and proceres. If you know the other party's bitcoin address, you can pay
cross platform Mining: users can explore the computing power of different hardware on many platforms
advantages
complete decentralization, without issuing institutions, it is impossible to manipulate the number of issues. Its distribution and circulation are realized through open-source P2P algorithm. Anonymity, tax exemption and supervision free. Robustness. Bitcoin is completely dependent on P2P network and has no distribution center, so it cannot be shut down externally. Bitcoin price may fluctuate and collapse, and many governments may declare it illegal, but bitcoin and its huge P2P network will not disappear

cross border. Cross border remittance will go through layers of exchange control agencies, and the transaction records will be recorded by many parties. But if you trade with bitcoin, enter the digital address directly, click the mouse and wait for the P2P network to confirm the transaction, a lot of money will pass. It does not go through any regulatory agencies and will not leave any cross-border transaction records. It's hard for a cat to survive. Because bitcoin algorithm is completely open source, anyone can download the source code, modify some parameters, recompile, and create a new P2P currency. But these counterfeit currencies are fragile and vulnerable to 51% attacks. Any indivial or organization, as long as it controls 51% of the computing power of a P2P currency network, can manipulate transactions and currency value at will, which will be a devastating blow to P2P currency. Many Shanzhai coins die in this link. The bitcoin network is robust enough. If you want to control 51% of the computing power of the bitcoin network, the number of CPUs / GPUs required will be astronomical
disadvantages
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. Transaction confirmation takes a long time. 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. 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.

6. Bitcoin (abbreviated as BTC) is a digital currency with a total amount of 21 million. Like the Internet, it has the characteristics of decentralization, globalization and anonymity. Transferring bitcoin to the other side of the earth is as simple, low-cost and unlimited as sending e-mail. Bitcoin is therefore used in cross-border trade, payment, remittance and other fields
e to its broad prospects and huge reverie space, the price of bitcoin has continued to rise since its birth in 2009. In 2011, the price of bitcoin reached $1, and in 2013, the highest price reached $1200, which exceeded the price of one ounce of gold. Bitcoin has the reputation of "digital gold" (the current price is about $450)
bitcoin began in 2008 with the paper bitcoin: a peer-to-peer e-cash system (Chinese version) by the mysterious figure Satoshi Nakamoto. In the six years after its birth, bitcoin, as an unprecedented new currency, has experienced numerous market tests and technical attacks and has always stood firm. Now bitcoin has grown into a currency system with millions of users and tens of thousands of businesses accepting payments around the world, with a market value of up to 10 billion US dollars.

7. It is recommended to equip with buckets, shields, 64 ~ 128 torches, a large amount of food, stepping stones, workbenches, and appropriate amount of wood. The equipment can be a combination of breastplate + pants or breastplate + shoes.

8.

maybe he planned to disappear a long time ago, or some accidents forced him to disappear . At present, there is a lot of speculation: Nakamoto is an orderly and meticulous person. We can confirm this from his works. He's not the kind of person who suddenly makes impulsive decisions when he wakes up. He knew that once he decided to leave, he would not come back. He may have arranged his departure months or even years in advance and worked hard to meet the deadline

bitcoin has matured . On April 23, 2011, he sent his last email to Mike Hearn. He said he was going to do something else. Bitcoin reassures Gavin and others“ In the years since the formation of bitcoin, Nakamoto has well protected it. Now bitcoin can survive without having to mine, fix key vulnerabilities and introce a new core version. Maybe Nakamoto left because he had done what he should have done. When the world begins to have a strong interest in his creation, leaving behind will only tarnish his legacy and increase the risk of his destruction