Bitcoin is not a sovereign currency
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
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 block reward to reward the person who gets the answer
Bitcoin is just a game. If it is promoted as a tool to get rich, it can be regarded as a fraud. Just like the currency in other online games, the only difference is that bitcoin has been standardized since the game was first formulated. It can't be issued indiscriminately, so it can keep its value better than other virtual game props. It is equivalent to the online collection. Bitcoin is a prop in the game, and its value is reflected in the recognition of bitcoin by players: more people play, the value of props in the game is higher; The risk is that he is not the only game, and his algorithm is not the only one. Maybe someone will be able to make other special coins soon. All you need to do is promote the game and sell your props. As for money, bitcoin does not have the basic attributes of money, such as unfair initial distribution and insecure circulation. Money needs to be maintained by the state machine
the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's ideas, the open source software and the P2P network on it were designed and released. 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 to issue. It is generated by a large number of calculations based on specific algorithms. 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
1. Bitcoin (bitcoin) is a kind of network virtual currency, which can 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
2. 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
3. On May 12, 2017, a global outbreak of bitcoin virus madly attacked public and commercial systems! Nearly 74 countries in the world have been seriously attacked
4. From August 1, 2017, global bitcoin trading platform will suspend recharge and withdrawal services. Bitcoin China digital asset trading platform will stop new user registration on September 14, and all trading businesses will be stopped on September 30
< H2 > reference materials: network bitcoin
(1) virtual currency based on entity
since ancient times, all "money" made of paper is called paper currency, and all countries in the world are actually paper currency. In Marx's time, paper money was only a symbol of metal money. The actual gold content of paper money was equal to the nominal gold content. When the nominal gold content was greater than the actual gold content, the price index of metal money would increase because of too many paper money. When it exceeded a certain limit, inflation would occur. Marx called these over issued bank notes without gold as guarantee virtual currency. In Keynesian era, paper money was the symbol of GDP. He defined the issue of paper money caused by making up the fiscal deficit as deficit money, and believed that the issue of paper deficit money could promote the development of proction to a certain extent, but only cause half inflation. Zhang chunjia's research in "Introction to virtual currency" also proves that paper money without precious metal and GDP guarantee will cause price rise, and this kind of money is called virtual currency
(2) virtual currency based on virtual
virtual currency is a new type of currency emerging at a certain stage of network social and economic development to meet the security and convenience needs of users. It represents the development direction of future currency existence form. It comes from the Internet, and acts as a general equivalent in the network society completely or partially. Virtual currency is a real currency with the basic attributes of currency, but it is virtual and depends on the network virtual environment. Virtual currency is born without borders, which makes it more liquid than traditional currency in the world. Virtual world corresponds to the real world. Through the exchange relationship between virtual currency and traditional currency, under certain conditions, specific virtual currency can buy physical goods, and traditional currency can also buy specific virtual goods< Second, the characteristics of virtual currency
1. Value: users get utility value by consuming the procts and services provided by operators. Virtual currency has value by providing exchange to meet the utility of consumers. The quantity of virtual currency measures the value of general goods. The issue essence of virtual currency is credit issue, which is the creditor's right of the holder to the issuer. To a certain extent, the value of this kind of claim is the right of claim
2. Virtual environment dependence. The existence of virtual currency is based on the virtual economic environment provided by the issuers and the sustainable operation of the issuers themselves. Otherwise, virtual currency has no significance.
3. Short sighted currency. As the highest price in the process of commodity exchange, the form of currency value can be regarded as the real currency. Because of the limitation of circulation scope, virtual currency can not be used as the general equivalent of all commodities; But in a certain range, it has the function of monetary value scale and circulation means. Therefore, it can be considered that virtual currency is similar to the form of money value, and it is a primary form of money, which is similar to money< The issue and circulation of virtual money is limited, but it will enlarge the money supply through the money multiplier effect, and affect the difficulty and accuracy of macroeconomic regulation and control. The issuers of virtual money need to report their circulation and circulation to the central bank, and obey the unified management of the central bank at any time
5. Virtual currency, which is issued by non-financial entities outside the financial system, aims to obtain business opportunities and competitive advantages. It is a market behavior and will inevitably lead to competition among issuers. This kind of competition will proce unfair competition behavior or obtain competitive advantage through rent-seeking, which determines the need to regulate the market behavior of the market subject according to the laws and regulations
6. Virtuality: as a kind of approximate currency, virtual currency is virtual existence if it only exists in the virtual world and can purchase the virtual property in it; If it is linked with sovereign currency, it can exist in the real world and purchase real assets, then it is a virtual thing of sovereign currency. Virtual currency is actually a series of data files existing in the computer system. It has the meaning of virtual currency only after the issuers explain the system. Therefore, the existence form of virtual currency is virtual< In general, virtual currency can purchase the procts and services provided by the issuers, and it can also be exchanged with the issuers outside the scope of issuance at a certain rate to purchase the procts of the alliance. For procts outside the alliance, virtual currency has no value significance; Similarly, when virtual currency is only authorized to buy different procts in different sales cycles, the use of virtual currency has limited application in time and scope, unlike sovereign currency, which can be completely freely exchanged
8. Separability: virtual currency has no physical form and is a digital storage information. Unlike traditional paper currency, it needs to consider the balance relationship between the circulation of main currency and subsidiary currency and the proportion of various currency values. It can be split infinitely. For example, although the total number of dark coins is only 2300, each bitcoin can be split into eight directions of ten< Although virtual currency exists in the virtual world, the process of new technological revolution has closely linked the virtual world with reality, and the virtual world has become an important part of people's spiritual life. It can promote the development of real economy, for example, a large number of entertainment application projects provide people with rich spiritual wealth and real wealth, and more and more people invest in virtual currency, which represents a trend, and the more successful ones are bitcoin, Leyte coin and the new domestic King coin; On the contrary, money laundering, gambling and network theft in the virtual world will have a negative effect on the real economy.
The total amount of the explosion reached 13.7 billion yuan. After two rounds of bitcoin crash, with so many people standing on the roof, there are so many leeks to be harvested. It's really hopeless< you'll never make money beyond recognition. Even if you're lucky enough to make it, you'll pay it back with your strength if you want to touch the things that Warren Buffett doesn't touch, you will ask who is the behind the scenes player when the position bursts. So I'll tell you who's behind the scenes
let's conclude. The world is asking who is behind the scenes and who is behind the scenes. This is different from the stock fund. If you don't even know who is behind it, you dare to do it. It can only be said that there must be brave men under heavy rewards. If you want to make money, please make something that you don't even touch. Don't touch it. Do you have to be a leek to be a success? Bitcoin's wind rating in many countries is not good, even India's richest man has asked the state to ban it. What does that mean? It's not something that ordinary investors can control. Cryptocurrency in the black market can only be suitable for the black market. Do you really think you are qualified to compete with those unscrupulous investors in the black market
I think this is more serious than the loss, but it should have little impact on our real currency. Because the two are not related . The currency of the virtual world is a game created by capitalists in order to converge the wealth of people in the real world. But no matter how we ordinary people speculate, we can't change the fate of these capitalists. They often dominate the changes in the war situation, turning their hands into clouds and covering their hands with rain. But no matter what they do, it should have little impact on the real world currency, otherwise governments will not allow them to exist
Therefore, changes in the bitcoin market will not affect the value of our real currency or other aspects. Even if there is, the governments of various countries will also vigorously suppress and try to rece the impact in this regard, so we should relax our mindLiu Tao and Wang Ke are also bumpy along the way, which is not easy. Liu Tao and his wife are pushed to the top of the storm by public opinion
so if this incident is true or false, some netizens love Liu Tao. If it is true, how can Liu Tao turn over? It seems that Liu Tao is doomed to twists and turns
Dear friends, what's your opinion on this? Welcome to leave a message
nowadays, it takes a lot of time and money to raise a girlfriend, a family and a child. I always want to earn more. You can try bitcoin
at present, bitcoin is the mainstream currency, and people's cognition of bitcoin is also higher and higher. Bitcoin has doubled in just three months, which shows that its value has risen from RMB 25000 at the beginning of the year to RMB 80000 at present. It is very important to find a reliable trading platform. The technical team of utomarket has many years of experience in blockchain development, Professional wallet security team, unusual device IP login verification monitoring, wallet withdrawal common IP address monitoring, large amount operation manual audit, to ensure the security of account and wallet funds. Transaction does not charge any fees, suitable for just started small investment users, safe and reliable.
the birth of bitcoin was originally a protest against financial hegemony. Today, the United States has to pay for the $500 billion. Bitcoin's purpose is to create a new currency through consensus and trust among people. Bitcoin's purpose is to set the price with the participation of all members and determine the price through the free mechanism of the market, And his proction cost is the cost of equipment and electricity
no one forces anyone to join the coin circle, but the third halving of bitcoin in May 2020 will be a milestone. I don't know if bitcoin will be accepted by nobody as you said. But one thing is for sure: no matter how many non coin circle people question whether bitcoin is a pyramid scheme or has no real value, bitcoin can't be eliminated, Because his value belongs to all the people who hold and trust the consensus. If you have doubts, just watch him quietly, and let time prove the rest.
it is relatively easy to mine bitcoin in its early stage, and sometimes it makes people feel unfair. In fact, the difference between sovereign currency and bitcoin is that the difficulty of issuing sovereign currency is the same, while bitcoin is only easy at the beginning. The sovereignty of sovereign currency to guarantee credit has a "shelf life", while the shelf life of BTC = Internet. It's much simpler to look at the following equations
sovereign currency issuers = central banks; Bitcoin issuers = founders and early absenteeism create 50% of bitcoin in the current total
sovereign currency, the difficulty of issuing currency = almost always equal to a piece of paper; The difficulty of issuing bitcoin is the sum of mining machine price (loss coefficient) + time + energy consumption and so on, and it is increasing continuously, and the future is approaching infinity (PS National Mint is almost zero cost plant and machinery and equipment)
the value of sovereign currency itself = sovereign credit guarantee, and the shelf life is limited (man ruled system); The value of bitcoin itself = a value system, the shelf life is equal to? The existence of the network, its credit is not issued by a certain government or a certain Dynasty, its credit is issued to you by every user in the system (system of physical governance)
(the monetary inflation in Zimbabwe mentioned in PS program is a very vivid example)
the Central Bank of sovereign currency controls more than 80% of the currency entering the circulation link; How does the sense of unfairness of
bitcoin come into being
1. Different issuers, the state or the central bank controls you in the sovereign monetary system, no matter how much wealth you are deprived of, because you are a vulnerable group. According to a series of factors such as herd mentality, you never dare to think that this is abnormal. The "issuers" of bitcoin (let's call them issuers here) can only exchange the initial wealth at one time. They are just early practitioners and can't control the system. These people do not have the same power as a sovereign state, so they think they should not be so "cool"? At the same time, I think this is the game currency. What are you doing
2. People who don't understand the whole system (usually onlookers, because they don't hold it, they don't really care about money and seriously understand bitcoin), we call them target groups, for example,
there is a phenomenon in Psychology: A, one day, you and a bully (or someone you think is very strong), a person with the same status as you, At the same time, I found that there was a huge amount of money of 1 million on the ground, and the bully (or you think it's very strong) picked it up first, so you and the person of the same status would not have any resistance; However, if you or someone with the same status as you pick it up, the other party will have a very unbalanced psychology and will want to solve it by force, while the bully will decide whether to intervene or not according to whether the incident affects his fundamental interests. B. It's the same thing above. If a bully picks up a million dollars every day, you two people of equal status will not cry. If you and people of equal status pick up the million dollars (only once), one party will hate the other. Above a, B hypothesis can continue to write for a long time, this is human nature, will exist for a long period of history
3. In this era, people's overall consciousness has not been advanced. Most people still only believe in hegemony. They worship the strong in different fields and trust the currency of the hegemonic system more. This will not change for a long period of time. This is connected with the political and governance system. In fact, the financial progress and even political progress involved in bitcoin are too advanced to be seen clearly at present, which is also caused by the limitation of human understanding. So many people who only engage in finance do not understand the Internet and bitcoin. Those who understand the Internet and are not familiar with finance can not persuade those who engage in finance, but those who do not understand politics or systems can not fully understand it. Among the governance systems of Europe and the United States, Germany's political system is the closest to "system governance", which is closely related to why Germany first recognized the currency status of bitcoin...
if the initial or centralized holders of bitcoin do not abandon bitcoin, what will they do? How to make it a universal currency
1. The popularity of bitcoin has many dimensions. From a small number of huge holders to the public holders is a dimension. Bitcoin is widely accepted in different countries, cultures, regions and consumption fields. There are also multiple dimensions. These dilution processes are also related to the prosperity and time of the world's major sovereign currencies. It's a huge chemical reaction and it's irreversible. A large number of supporters are only one-time issuers. This dilution is irreversible, so there is no need to worry about it
2. Worry that bitcoin will be replaced by later powerful electronic currency? That's for sure, and the worry is too far ahead of time. It's faster than the speed of light. There is no permanent form of money, which can be seen from the development of money, and with the weakening of the concept of guaijia, the sovereign currency Hui withdrew from the stage of history. The era of more powerful e-money may intersect with bitcoin, maybe after the heyday of bitcoin, but it is unlikely to appear before the heyday of bitcoin. If there is such a situation, it must be driven by a strong external force. It's unlikely that