Will bitcoin digital currency be trapped
1. The concept range is different. bitcoin is a kind of digital currency, and the concept of digital currency covers bitcoin
However, some digital currencies have independent issuers The biggest difference between bitcoin and other virtual currencies is that the total quantity of bitcoin is very limited and it has a strong scarcity. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 milliondigital currency is abbreviated as digiccy, which is the abbreviation of "digital currency" in English. It is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy. Bitcoin is a digital currency
digital currency is different from the virtual currency in the virtual world, because it can be used for real goods and services transactions, not limited to online games. The early digital currency (digital gold currency) is a form of electronic currency named after the weight of gold
today's digital currencies, such as bitcoin, lettercoin and ppcoin, are electronic currencies created, issued and circulated by means of check sum cryptography. It is characterized by the use of P2P peer-to-peer network technology to issue, manage and circulate currency. In theory, it avoids bureaucratic examination and approval, so that everyone has the right to issue currency
illegal digital currency
in recent years, "virtual currency" represented by bitcoin, Ethernet currency and Leyte currency has been traded centrally on some Internet platforms. With the help of financial technology, the price of these "currencies" has graally spread to investment, financing and other financial fields, which has aroused wide attention from all walks of life
not long ago, the people's Bank of China and other seven ministries and commissions jointly issued the announcement on preventing the financing risk of token issuance, which clearly regulated the relevant behaviors. Experts pointed out that "virtual currency" is not legal tender (legal currency) issued by monetary authorities, but a specific virtual commodity in essence
therefore, it is undoubtedly a great legal and economic risk to think that "virtual currency" has or will have the nature of legal tender and to carry out speculation, network fund-raising, lending and financing
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
bitcoin is a fraud, so we must be cautious in investment and financial management
even if it is called "hard currency", the price of gold will not only rise but not fall. There is no bubble in gold, but the price is too high, there is a bubble, and the bubble will eventually burst, such as virtual currency such as bitcoin. The more general virtual currencies, the closer bitcoin's value is to zero
this kind of currency, which is a purely calculated digital symbol, has no asset support, no financial revenue and expenditure, no cash reserve and no use value. It is only a circulation symbol. Once it loses its credit guarantee, it is a pile of beautiful printed waste paper. Investors should be alert that there is no so-called safe investment in this world, and all investments are risky
the people's Bank of China and other departments issued a document to severely punish the above-mentioned behaviors, making it clear that token trading is not protected by law. With some virtual currency trading platforms turning to overseas, speculative money speculation has also turned to "underground". In the face of continuous renovation, on the basis of continuous strict supervision, government departments should constantly upgrade the means and ability of supervision, and continue to increase publicity and crackdown on popular science, so as to avoid the masses being deceived
extended information:
investing in virtual currency is more of a kind of speculation. Investors should strengthen their risk prevention awareness and identification ability. Without confirming the identity of the other party, they should not be involved in money transactions, trust low-risk and high return investment procts, especially not join the investment and financing group without verification, These are often well-designed traps by telecommunication network fraudsters
it's better to purchase the investment and financial management accompanied by the children, and learn from the official and authoritative channels, and report to the police in time when they are found to be cheated. Properly protect all kinds of account password, identity information, etc., don't tell others easily. Any reference to the need for transfer and remittance should arouse high vigilance and consult with trusted acquaintances
reference source: people's.com - uncover the crazy bitcoin: new Ponzi scheme of 800 yuan each<
People's website - three men set up bitcoin scam and made a profit of more than 150000 yuan and were sentenced
People's website - People's website comments on "analytic blockchain" part 3: how to avoid getting away from the real to the virtual
To guard against the possible risks brought by bitcoin, we know that digital currency represented by bitcoin has high risks. This kind of risk is mainly reflected in two aspects: first, the limitation of digital currency makes it used as investment goods, and the price is extremely unstable. Those who do not understand the principle of digital currency and pay too much attention to speculation are easy to suffer losses for various reasons
Secondly, national digital currency is linked to its own legal currency to a certain extent, so it effectively avoids the price volatility of bitcoin. Because the CBDC issued by our country is guaranteed by the credit of the central bank, it must be a stable currency. In today's international situation, the research and development of digital currency in China is of great significance. The introction of digital currency is not an expedient measure, it has become the development direction of China's future currencyMany people think that the reason why bitcoin is valuable is because it is "rare", and if bitcoin is no longer "rare", then it will not have value
this is a misunderstanding. Let's consider a question: what is the essence of all "currencies"
the answer is trust. The biggest reason for the value of the dollar is because of the credibility established for the dollar under the Bretton Woods Agreement, rather than the so-called equivalent exchange with gold (although others say so). The main reason why RMB is valuable is because of the trust system of RMB in China and neighboring countries, rather than the exchange with us dollar reserves (see offshore RMB). This can explain why the currencies of some countries (such as the ruble of Russia, as well as the Zimbabwean currency as you all know) have been greatly devalued, because the government and the current world situation have led to a trust system that does not support the existence of this currency. The so-called economic sanctions and currency speculation are very superficial and superficial reasons
the essence of money is trust
What about bitcoin
bitcoin has no centralized Trust Measurement institution. The value of bitcoin, namely its "credit system", comes from distrust of centralized units. Every country finds that seigniorage is too easy to collect, which leads to the increasingly poor trust between countries. Even the people of all countries do not trust the national currency
and trust, like quality, is conserved. Trust in centralized money decreases, while trust in decentralized money increases naturally
this is the essential reason why the value of bitcoin continues to rise. Therefore, for digital currencies such as bitcoin, there are only two outcomes. Either countries want to understand that they will no longer issue excess currencies, issue additional currencies in a scientific and reasonable way, unify stable exchange rates, and maintain the credit system of centralized currencies, then the value of bitcoin will be infinitely close to zero. Or countries will continue to drink water to quench their thirst, and more frantically use the method of issuing excess currency to collect seigniorage from everyone, then the trust in the centralized currency will be lower and lower, and the total value of bitcoin, a decentralized currency, will be infinitely close to the gross labor value of all the units that do not trust the government and other governments, but need international trade
either the price is crazy or it's worthless
after understanding these, we can answer this question. Will bitcoin be replaced by other digital currencies
swindlers like * * and even the old Wang next door can come and yell, "I spent 10 minutes to change bitcoin's core and create a new digital currency called SBC. Come and join my ICO and pay me seigniorage ~". So, if this happens, will you immediately choose to use Lao Wang's SBC next door
the answer is that some speculators will participate, but the market will not. The reason is very simple, the new cryptocurrency has not been recognized by the market, the application has not been proced, this kind of currency has no way to exchange for means of proction. Then this kind of currency is not money, but a virtual commodity for speculation. In other words, even if old Wang ICO next door has an SBC, no one will choose this kind of currency except those speculators who have no brains
in the current market, there are many other digital currencies, such as Ethereum, EOS, XRP, and so on, which may have technological advantages in some aspects (in fact, BTC has been evolving, and it will also learn from the advanced technologies of other digital currencies that have been successfully proved by the market. LTC and other currencies can be said to be the experimental currencies of BTC's advanced technologies.), There may be more application scenarios than BTC in the future, but they are not likely to challenge the status of BTC. BTC will always be the first consensus in the currency circle, which is the belief of many people. BTC will exist for a long time as the gold in the currency market, not mainly for the circulation of digital currency
opponents of bitcoin accuse mining of wasting a lot of resources to make meaningless coin toss, while supporters take gold mining as an example. For the bitcoin system, the biggest significance of this kind of resource consumption mining is: to distribute 21 million initial bitcoins fairly, just like to consume resources to dig gold, the only way to distribute initial bitcoins fairly is to consume resources to dig bitcoins
bitcoin has thousands of plagiarists, competitors and improvers because of its open source code. Generally, those who simply and imitate bitcoin are called Shanzhai coins, and those who add certain new features to bitcoin are called competitive coins. Some coins add other functional moles such as smart contract to bitcoin, and call themselves "second generation coins". These thousands of coins try all the initial coin distribution modes you can imagine, such as the average distribution of the initial coin to each Icelandic, the distribution of the initial coin to the nextcoin of 73 crowd funding participants, and the slow distribution of the majority of the initial coin by the developer
but the fairness of all these ways of distributing initial coins is far weaker than the mode of burning money to obtain initial bitcoin, and fairness is the core problem of a monetary system. Therefore, although bitcoin mining consumes a lot of resources, it is a reasonable economic behavior just like consuming resources to mine gold.
moreover, bitcoin will not be recognized by the central bank, nor can it be circulated openly, so the audience is very small, and there is no basic value support, so it will die out sooner or later
it is certain that any digital currency not recognized by the central bank has no future.
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