Why does bitcoin still exist

1. 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

warm tips: 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 legal compensation and mandatory monetary attributes, 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
the above explanation is for reference only. Before investing, it is recommended that you first understand the risks existing in the project, and clearly understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market
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: January 12, 2021. Please refer to the official website of Ping An Bank for the latest business changes
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2. Don't go. Here's a piece of news. On April 21, 2016, the Public Security Department of Guangdong Province held a press conference to inform the public security organs of Guangdong Province of the relevant situation of "hurricane 2016" in cracking down on illegal fund-raising crimes, focusing on four typical cases of such crimes. Vicat is one of the four typical cases of illegal fund-raising and pyramid selling crimes in the name of investing in network virtual currency[ 2] China Daily [3], Phoenix information [4] and other media all reported this.

3. blockchain bitcoin 21 the biggest scam in the world
in the bottleneck period of world economic development, Xiaomei consumes the world's wool with its biggest scam
don't participate, don't listen, set up the national force to prohibit it, don't participate in the construction of any digital asset transactions, and don't be the eternal sinner of the motherland
blockchain technology is a waste of resources, not in line with the development of intensive economy! Simple things are complicated, and small resource consumption becomes multi resource consumption
data storage doesn't need money, and servers don't need money. And who can guarantee that the server data will not be lost. Natural and man-made disasters, natural strain. Does it make sense to play the virtual game of wasting the resources of the real economy? After all, there are so many people who don't have enough to eat!!!

4.

The reason why the price of bitcoin is very uncertain and there are so many people investing in it is closely related to the monetary nature of bitcoin itself{ RRRRR}

and for bitcoin, its entire trading process is very convenient. For most bitcoin investors, they can operate through a variety of trading methods. Moreover, for the current bitcoin, its price fluctuation is very large, if there is a big drop, So for new investors, they will seize this opportunity to buy more bitcoin, so for them, they also hope to earn more profits in this way

5. Hello, landlord. Although gold and bitcoin are both investment methods, they have no inherent logic. The decline of gold will not affect the trend of bitcoin.

6.

To answer this question, we must first understand the role and characteristics of bitcoin

function: bitcoin is also a medium. In some transactions, bitcoin is used as legal currency. It is the same as gold can be used as a medium in the transaction of different countries on a global scale, or the euro used by the European Union and the Korean won used by South Korea. Bitcoin is mainly a medium (money) that can be directly traded through the Internet

features: compared with gold, it is easy to carry, and compared with legal currency, it is decentralized and untraceable

let me talk about a coinegg investor I know, and give the reasons why I believe in bitcoin:

1. society will inevitably be a pluralistic society in the future. Centralized legal money (person to bank to another person, two person transfers must be made through the bank. Transfer is centralization, that is, indivial bank to another person) will continue to exist, Decentralized (person to person, not through third-party intermediaries such as banks, i.e. person to person) bitcoin will also be needed and used by people

2. the number of bitcoins is fixed, with a total amount of 21 million. So far, more than 17 million bitcoins have been g up, and the total market value of circulation is about 870 billion, which is not as high as the market value of Maotai. However, the global decentralized market is far from that So far, the decentralized market only recognizes bitcoin)

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