The meaning of bitcoin

3.

Bitcoin is a kind of virtual encrypted digital currency in the form of P2P. Different from 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 the use of cryptography design to ensure the security of all aspects of money circulation. However, on September 4, 2017, the central bank and other seven ministries and commissions announced that virtual currency trading is prohibited in China, and bitcoin is prohibited from circulating in China

according to the first article of the notice on preventing the financing risks of token issuance, we should accurately understand the essential attributes of token issuance financing activities. Token issuance financing refers to the illegal sale and circulation of tokens by the financing subject to raise the so-called virtual currency such as bitcoin and ether coin from investors. In essence, it is an unauthorized illegal public financing behavior, which is suspected of illegal sale of token bills, illegal issuance of securities, illegal fund-raising, financial fraud, pyramid schemes and other illegal criminal activities

Relevant departments will closely monitor relevant developments, strengthen cooperation with judicial departments and local governments, strictly enforce the law in accordance with the current working mechanism, and resolutely deal with market chaos. If suspected crimes are found, they will be transferred to judicial organs. The token or "virtual currency" used in token issuance financing is not issued by the monetary authority, does not have such monetary attributes as legal compensation and compulsion, does not have the same legal status as currency, and cannot and should not be used as currency in the market

extended information:

Article 3 of the announcement on preventing the financing risk of token issuance strengthens the management of token financing trading platform. From the date of this announcement, any so-called token financing trading platform shall not engage in the exchange business between legal tender and token and "virtual currency", nor buy or sell token or "virtual currency" as a central counterpart, nor provide pricing, information intermediary and other services for token or "virtual currency"

for the token financing trading platform with illegal problems, the financial management department will request the competent department of telecommunications to close its website platform and mobile app according to law, request the network information department to remove the mobile app from the app store, and request the instrial and commercial administration department to revoke its business license according to law

Article 4 financial institutions and non bank payment institutions shall not carry out business related to token issuance financing transactions. All financial institutions and non bank payment institutions shall not directly or indirectly provide procts or services such as account opening, registration, trading, clearing and settlement for token issuance and financing and "virtual currency", nor undertake insurance business related to token and "virtual currency" or include token and "virtual currency" into the scope of insurance liability. Financial institutions and non bank payment institutions shall report to the relevant departments in a timely manner if they find clues of violation of laws and regulations in token issuance financing transactions

4. Let's talk about the social or economic significance of blockchain. In fact, many of the previous technologies were devoted to "proctivity". For example, artificial intelligence is a kind of progress in proctivity. The blockchain, which has greatly improved the proction relations, is committed to the proction relations. So why do you say that
because the so-called proction relationship is actually how to do business between people and business partners. And these things, originally, are in the cognitive process between people, and there is no special program to program or quantify it
for example, if you and I are good friends now, we can do business. If someone stirs up our relationship and we are not good friends, we will not do business. Even if we can make money in business, we will not do business because there is no trust between us
as for blockchain, it is actually because the data is authenticated by all nodes and backed up at the same time, so my data is as real as possible and can't be tampered with. In this case, if you believe my data, you can make a program on this basis, and then use the data to make what kind of business contract, what kind of service, what kind of service, and what kind of service, what kind of service, what kind of service, what kind of service, what kind of service, what kind of service, what kind of service, etc This "proction relationship" of commercial cooperation is programmed. In this way, we believe in the data and the program compiled by the algorithm. Because you believe in the data and the program, you can develop all kinds of apps in the program. These apps are the proction relations and what business to do. This is: blockchain is actually a reconstruction of "proction relationship".

5. Throughout history, there have been cases of gold, goods and even land confiscation in times of crisis. It is also disturbing that, as we have seen in Venezuela, people there are struggling with high inflation. Sometimes it is extremely difficult to convert money into another currency, which makes people feel helpless and can only watch their life savings be worthless. Bitcoin is very different. It is in electronic form and has no boundary restrictions. It can be transferred without any intermediary. Anyone who connects to a mobile device or the Internet can use it. All transactions are permanently recorded in the public ledger, and there is no dispute about ownership
in a recent article in the New York Times, a Venezuelan economist described how bitcoin became a part of Venezuela's daily life, so that on a mainstream bitcoin trading platform, Venezuela's trading volume ranked second only to Russia in the world. But bitcoin is not just used to protect wealth in extreme conditions. In general, bitcoin is also an excellent choice for portfolio diversification, and it should be seen as part of a comprehensive wealth preservation strategy.

6.

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

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 money circulation

bitcoin: also known as "bitcoin", is a kind of network virtual currency. Internet users can use bitcoin to buy some virtual goods, such as clothes, hats, equipment, etc. in online games. Internet users can also use bitcoin to buy real goods

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. Bitcoin network will automatically adjust the difficulty of mathematical problems, so that the whole network will get a qualified answer about every 10 minutes. Then bitcoin network will generate a certain amount of bitcoin as a reward to reward the person who gets the answer

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users can buy bitcoin, and at the same time, they can use computers to "mine" bitcoin according to a large number of calculations. When users "mine" bitcoin, they need to search for 64 bit numbers by computer, and then compete with other gold diggers by repeatedly solving riddles to provide the required numbers for bitcoin network. If the user's computer successfully creates a set of numbers

bitcoin is e-cash similar to e-mail. Both parties need "bitcoin wallet" similar to e-mail and "bitcoin address" similar to e-mail address. Just like sending and receiving e-mail, the remitter pays bitcoin directly to the other party through a computer or smart phone according to the recipient's address. The following table lists some websites that download bitcoin wallets and addresses for free

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network bitcoin

7. First place: shrimps
the South Fujian word "shrimps" is the homonym of "what" in the South Fujian language. For example, "make shrimp", "create shrimp", "do what", "for shrimp", "why". The pronunciation of "what" in Minnan dialect is: Xi á m ì The network term "shrimp" is the network term "shrimp" = "what", which comes from the homonym of "what" in Minnan dialect. Pronunciation: Xia MI is mostly used in online chat and forum posts. It is a fashionable name for "what". It is popular among post-80s and post-90s netizens. There is no doubt that "shrimp" is at the top of the latest Internet buzzwords in 2013
second place: people who are difficult do not tear down
people who are difficult do not tear down, which means that life has been so difficult, so do not tear down some things. This word comes from Lin Youjia's song "lying", in which there is a lyric like this: I didn't lie, why should I lie. Love a person, do not love how it will be. Don't say I lied, life has been so difficult, some things don't expose. The word often appears in the replies of netizens. The landlord directly tells a truth that people can't face. Netizens feel the same in the replies, but they can't face it for a moment“ "People are hard to break down" has become the second most popular online catchwords in 2013
third place: mature women
one of the most basic conditions that mature women must have is to have sufficient economic strength and be able to afford luxury goods such as famous brands. I really can't agree with that. It's right for mature women to have the ability of economic independence, but it doesn't matter much if they don't consume luxury brands. Today, it is necessary for us to redefine the word "mature girl."“‘ The term "familiar woman" has been handed down from the Japanese media circles and now refers to mature women aged 30-50. But not all mature women are mature women. We are talking about mature women not only in terms of sexual maturity. A real mature woman should have rich life experience, connotation, elegant temperament, self love and self-confidence, and know how to be considerate and caring, The third place in the latest Internet catchwords list in 2013 is "mature women"
NO.4: diaosi
diaosi, who also writes "hanging", "hanging" and "diaosi", is a sarcastic term proced after the prosperity of Chinese network culture. It originated from an article written by D8 veteran members, and creatively created the word "diaosi", which was later used by members of world of Warcraft bar to ridicule Li Yi bar members, and Li Yi bar friends readily accepted this disdain, Because of the large number of people in Li Yi bar, it became popular all over the Internet! It means inferior Yisi. To realize the dream of owning a house and a car in the central area of a first tier city with our own strength is a distant dream for Diao Si. Because it is widely used in the language and culture of young people, its use and meaning become more extensive. Therefore, it is normal for anyone who is not so satisfied in real life to laugh at himself. In fact, "diaosi culture" is just the rise of another network subculture, which means that Chinese people have gained more perspectives and rights to interpret their own lives, and it is also a new culture
No.5: green tea whore
green tea whore has become a hot word on the Internet, which is the first time that Sanya's "Haitian feast" was suspected of gathering people to commit altery. Green tea bitch, or green tea bitch, refers to those prostitutes who wear pure clothes. They always have long hair and face up to the sky. In fact, they wear naked makeup. Pretending that people and animals are harmless, heartbroken, and the years are quiet, they are suffering from many diseases, disasters, and emotional injuries. They like to stare at men and look at men innocently. In fact, they are more ambitious than anyone else. In beauty, she disguises herself as a young woman in literature and art, and usually works as an actress / journalist / hostess / writer in literature and art films. She likes to publish literary and artistic political arguments and win men's admiration. She preaches that she has been hurt by love and her teeth are firm. QQ signature is the only lonely flower in the world. Successful women with chaotic private lives and experiences of cheating or being a junior
sixth place: Mermaid line
Mermaid line is also famous for its fish pattern. Its formal scientific name is "oblique inside and outside the abdomen". It refers to the two V-shaped lines on both sides of the male abdomen close to the upper part of the pelvis. It is called Mermaid line because its shape is similar to the slightly contracted shape of the lower part of the mermaid. Leonardo da Vinci first proposed "Mermaid line" as the index of "beauty" and "sexuality" in "on painting". However, with the popularity of mermaid line recently, many beautiful and healthy women have also exposed their Mermaid line, claiming that Mermaid line is not a male specific physiological phenomenon
No.7: Lori
Lori (ロリ) is the abbreviation of Lolita. Originally, Lori refers to an American novel, which later developed into a subculture in Japan“ "Lolita" or "Lolita" is used as a noun to refer to "girl" or "woman in Lolita". But as an adjective, it sometimes refers to "having Lori style", such as Lori dress? ファッション，Lolita fashion The first widely recognized role of Lori is Princess Momo, the protagonist of "sweet Fairy" launched in 1982. The first generation of Lori Meng Wang is the protagonist of "Moka girl Sakura"
No.8: Unidentified jueli
"although unidentified, but jueli", or "unidentified jueli", which means "although I don't understand what (the other party) is saying, I seem to be very powerful."
the ninth place: Che Zhen
Che Zhen refers to the phenomenon that the car owners are keen to flirt with their lovers, make some ambiguous actions or have intimate behaviors, which leads to the vibration of the car. Car shock, a kind of modern urban sex life, refers to the irregular sexual contact and intercourse in the car in order to meet their own sexual needs
vehicle vibration, as the name suggests, is the vibration inside the vehicle. Specific saying "car shock": generally refers to the opposite sex between the use of car shock, mutual flirtation and make some ambiguous action or sex[ 1] When Gulong used "parking, sitting and love" in his novels, it is estimated that the word "car shock" has not been born, at least, has not been paid as much attention as it is now. On the forum, netizens who like to discuss "Che Zhen" and lovers who are infatuated with "Che Zhen" or even addicted to "Che Zhen" are collectively referred to as "Che Zhen Zu", and "Che Zhen Zu" has also become a special vocabulary of new human beings
normal male and female riders will have a moment of spring, and the place for everyone to vent is not only at home, but also in the "car". In foreign countries, a survey shows that the first place for romantic sex is the beach, and the second place is the car. The reality is that romance on the beach may be extravagant and unsightly for the public, but it is more practical in the car. As the saying goes, practice leads to true knowledge. You can learn and use it flexibly, so as to improve the level of "lathe" in all aspects
Senior lathe people point out that for the veteran who pays attention to atmosphere and stimulation, the bedroom is not as good as the dining table, the home is not as good as the hotel, and the building is not as good as the car. It's not only the possibility of being seen that makes the excitement mixed with guilt and tension, which greatly improves the sexual pleasure. Moreover, in the narrow and closed space like the car, every breath is close to the ear, and each other's body temperature and smell are infected with each other. The closeness and intimacy of the soul can't be compared with other outdoor sex
No.10: bitcoin
bitcoin is a kind of electronic currency proced by open-source P2P software. Digital currency is a kind of network virtual currency. Bitcoin is also paraphrased as "bitcoin.". Bitcoin does not rely on specific currency institutions to issue, it is generated through a large number of calculations of specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction.

8. You should want to know about bitcoin
but this is not a clear sentence. So now many people don't understand it and say it's pyramid selling or something

to put it in a word, it is a set of virtual world account books, which are used all over the world.

9. Bitcoin is an electronic money payment system based on the global network
bitcoin is an electronic money system with a fixed total amount, which is established on the global decentralized network system and issued without the participation of central banks and third-party institutions. Bitcoin has the characteristics of payment system and currency at the same time. Global network nodes are maintaining the bitcoin network all day<

English: bitcoin currency symbol: abbreviation: BTC or XBT

Introction to bitcoin by wiki
different from traditional currency, bitcoin's operation mechanism does not rely on the support or credit guarantee of central bank, government and enterprise, but on the network agreement reached with seed files in the network, which is a decentralized and self-improvement monetary system, Theoretically, it ensures that no one, institution or government can control the total amount of bitcoin or create inflation. Its total amount of money graally increased at the designed rate, and the increase rate graally slowed down, and finally reached the limit of 21 million in 2140<

Introction to bitcoin in network
bitcoin is based on a set of cipher codes and generated by complex algorithms. This rule is not interfered by any indivial or organization and is decentralized; Anyone can download and run the bitcoin client to participate in the proction of bitcoin; Bitcoin uses electronic signature to realize circulation, and checks repeated consumption through P2P distributed network. The generation and consumption of each bitcoin will be recorded through the P2P distributed network and informed to the whole network. There is no possibility of forgery. Bitcoin does not rely on specific currency institutions to issue, it is generated through a large number of calculations of specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction<

Introction to bitcoin in interactive network
bitcoin is an electronic currency proced by open source P2P software. Bitcoin does not rely on specific currency institutions to issue, it is generated through a large number of calculations of specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction<

the difference between bitcoin and bitcoin
it should be noted that

in English, the words bitcoin and bitcoin represent two concepts of payment network and monetary unit

bitcoin starting with capital B represents bitcoin network system or bitcoin network protocol, which is a payment system based on decentralized network

you can simply understand bitcoin as a public accounting system built on the Internet and not manipulated by any third party. Bitcoin, which starts with lowercase B, refers to the digital currency (e-money, e-cash, cryptocurrency) built on bitcoin network. Bitcoin is the payment accounting unit built in bitcoin payment system. We call bitcoin the network system that proces bitcoin. Studybtc.com

in Chinese, bitcoin and bitcoin are called bitcoin without distinction in many places

its main features are as follows:
1. Decentralization

bitcoin is the first distributed virtual currency, the whole network is composed of users, and there is no central bank. Decentralization is the guarantee of bitcoin's security and freedom< Bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin

3. Exclusive ownership

private key is required to control bitcoin, which can be stored in any storage medium in isolation. No one can get it except the user himself

4. Low transaction cost

bitcoin can be remitted free of charge, but in the end, a small transaction fee will be charged for each transaction to ensure faster transaction execution

5. No hidden cost

as a means of payment from a to B, bitcoin has no cumbersome limit of quota and proceres. If you know the other party's bitcoin address, you can pay<

6. Bitcoin is not completely anonymous
for more information about bitcoin, please visit my website
learning bitcoin studybtc

it will take some time to protect privacy when using bitcoin. All bitcoin transactions are publicly and permanently stored in the network, which means that anyone can view the balance and transaction records in any bitcoin address. Unless the bitcoin holder discloses personal information ring the transaction, the bitcoin address will not be associated with the real identity of the bitcoin holder. This is why it is recommended that bitcoin holders use multiple bitcoin addresses; In fact, you should create a new address each time to receive bitcoin. This is especially important when using bitcoin in public places, such as on websites. In addition, you can also consider using tools like tor to hide your IP address from being recorded. Learning bitcoin

7. Bitcoin is still experimental

bitcoin is an experimental new currency in active development. Although its experimentality is diminishing with its increasing usage, remember that bitcoin is a new invention, exploring ideas that have never been tried before, so no one can predict the future of bitcoin.