The 18th million bitcoin
Who is Nakamoto? Why are people so curious about him? This person, who calls himself Nakamoto Tsung, said that he lost his bitcoin, not one or two, but a lot. What does 980000 bitcoins mean
so we should take a calm attitude towards bitcoin
so far, no one knows the true face of this Nakamoto. Even his so-called 980000 bitcoins are skeptical
because, generally, people who are really rich are disdainful of showing off their wealth
2020 is a magic year. Although there are many troubles from the beginning of the year to the end of the year, asset prices are rising very well
let's look at the performance of all kinds of assets:
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here's another interesting thing. In the first seven months of bitcoin coming out, the creator Nakamoto Tsung mined 1.1 million bitcoins himself, accounting for 6% of the total amount of bitcoins. These bitcoins have been left untouched, and now are worth nearly $40 billion
If a market has the four characteristics of high leverage, drastic price fluctuation, limited trading volume and high concentration, then the market is a perfect Chinese chive cutting market
we have done a previous issue of the hunt brothers silver speculation. After hoarding a large proportion of silver, the hunt brothers in the United States manipulated the prices in the futures and spot markets to reap the silver investors in the market. Today's bitcoin market is a bit like the silver market of that year
before any asset bubble bursts, there will be lots of people making money. What is the upper limit of the bubble? How high will the price go? How crazy can market sentiment be? None of this can be predicted
a rational investor should not be distracted by the soaring price, but should carefully think about two questions outside the fanatical market sentiment. Do I really understand the investment logic behind this thing? Is it really worth so much money
if you're like me, you'd better not take part in this kind of incomprehensible excitement
it can be roughly understood as the relationship between 0.9 (9 infinite cycle) and 1
2. Even if there is only one bitcoin left in the world, it means that there are 1000 0.1 bitcoins and 100000 0.01 bitcoins in the world
let's assume that the function of bitcoin is equivalent to that of gold as a currency anchor (in fact, it also has this function). You will understand that there are 21 million bitcoins in the world and only 0.1 bitcoins in the world are the same. The currency itself or bitcoin
for example, if the number of bitcoin in the world is reced to one tenth, the market price of bitcoin should be 400000 yuan (to understand this needs a certain economic basis)
so whether bitcoin is in circulation or not has nothing to do with the quantity.
According to the data of coinmarketcap.com,
on March 12, 2020, the trading volume of bitcoin in the whole network reached 8.44 million
on March 13, 2020, the transaction volume of bitcoin in the whole network reached 14.91 million
as of March 20, 2020, the total transaction volume of bitcoin in the whole network has reached 77.5 million in the past nine days< br />
secondly, however, there is a smaller threshold for the total number of "smart": the largest possible integer that can be represented in floating-point format. Integers are not the only numbers that computers can store; To deal with decimals, computers & gt; Use a format for floating point representation. Floating point notation is essentially a binary version of scientific notation. For example, here is a value you will encounter when you study physics:
mass of the earth: 5.972 1024 kg
mass of the sun: 1.989 1030 kg
speed of light: 2.998 108 M / s
light year: 9.460 1015 m
mass of proton: 1.672 10-27 kg
Planck length: 1.616 10-35 m
we can notice that, How does scientific notation allow you to represent all of these values with reasonable accuracy, even though they vary greatly in size. Floating point notation is essentially a binary scientific notation; When you store numbers & gt; When the word is 9.625, what your computer stores is "1.001101
* 1011" (in other words, it stores 0100000000100011
& gt; This is the same thing with high-precision sequence form). In this high-precision form, the coefficient (that is, the part that is not the exponent) has 52 bits. This means high precision (more refined & gt; Double precision floating point number is enough to store up to 253 numbers, but it can't be any higher. If it exceeds 253, you have to start cutting off the numbers at the end. Bitcoin's 250.9, the total number of "smart" in the form of index, is just & gt; OK, below this maximum
if we have integers, why should we care about floating-point values? Because more high-level programming languages (such as JavaScript) do not open low-level "floating point" and "integer representation", but only provide "number" representation for programmers; Concepts
– of course, in floating-point form. If Nakamoto chose 210 million instead of 21 million at that time, bitcoin programming in many languages would be much more troublesome than it is now
note that Stefan Thomas unfortunately didn't notice this in time when he wrote bitcoinjs, so that the library used a special "big number big
number" object instead of an ordinary number to store the tutorial output value; My own bifurcated bitcoin JS (along with other improvements) uses ordinary numbers.
bitcoin miners will mine 18 million bitcoins this week, and only the remaining 3 million bitcoins will be released before mining stops in 2140 commentators said at the time that the motivation of hoarding bitcoin came from the curiosity in technology. In view of the current price of BTC / USD, financial incentives reverse the activity of bitcoin hoarding by holders in 2019< br />
it is recommended not to participate in investment,
in order to avoid losses caused by policy risks.
As a popular new currency, it is publicly prohibited in many countries, but there are still unfair transactions in some countries, including Tesla's bitcoin gene exchange. In a few hours, the 18 millionth bitcoin will be mined, which is also the first cryptocurrency in the world. It's a step up to 20 million{ RRRRR}
one of the difficulties for the current global graphics card is caused by bitcoin, because many bitcoin mine owners used to mine it to obtain benefits., As a result, they buy a lot of equipment, including a lot of electricity, to dig, which is a blow to a global instry