What is bitcoin? Is bitcoin money
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
reference link: http://wuhan.pbc.gov.cn/wuhan/2929354/3393665/index.html
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 monetary institution to issue. It is generated by a large number of calculations based on a specific algorithm
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
this answer is provided by KangBo finance and economics. KangBo finance and economics focuses on the interpretation of financial hot events and the popularization of financial knowledge. It adheres to the profession and pursues fun. It is a financial content that people can understand and transmits financial value in a variety of vivid ways. I hope this answer will help you.
Bitcoin, English name bitcoin, is a digital currency based on blockchain technology, which is composed of a series of computer-generated complex codes. Like RMB's ￥ and US dollar's $, bitcoin has its own symbol, the "B" in the figure below
The inventor of
bitcoin is Nakamoto. Satoshi Nakamoto is the creator of bitcoin protocol and its related software bitcoin QT. In 2008, he published a paper called "bitcoin: a peer-to-peer electronic cash system", describing an electronic currency and its algorithm that he called "bitcoin"
In 2009, he released the first bitcoin software and officially launched the bitcoin financial system In 2010, he graally faded out and handed over the project to other members of the bitcoin communityNakamoto is believed to hold about one million bitcoins. If the price of each bitcoin was $2W, it was worth $20 billion at one time. So far, his true identity is still unknown to the outside world, that is to say, no one knows who Nakamoto is
bitcoin appeared after the global financial crisis in 2008. In fact, before that, many people have tried electronic currency, digital currency and virtual currency, but they have not succeeded. There are not only technical reasons, but also social environment and economic background reasons. To some extent, it was the 2008 financial crisis that gave birth to bitcoin
unlike 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 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 currency 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. 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 about 21 million
from 12:00 noon on January 24, 2017, China's three major bitcoin platforms officially began to collect transaction fees
on September 4, 2017, the central bank and other seven ministries and commissions announced that China banned virtual currency trading
on December 17, 2017, bitcoin reached an all-time high of $19850
on November 25, 2018, bitcoin fell below the $4000 mark and is now stable at more than $3000.
in April 2019, bitcoin again stood at the $5000 mark, reaching a new high of the year.
of course, its selling point is to speculate that there is no inflation. However, a limited number of currencies is not absolutely inflation free, because the original price can rise or fall arbitrarily when people's confidence can not be guaranteed. This means that inflation can be as difficult to control as any currency
when gold has no monetary function, it at least retains the functional value of ornament and metal, and then it can become a real currency again through value exchange in any society with money
however, any virtual currency in the form of pure credit, whether it is paper money of a certain country or the so-called electronic currency, must have an equal amount of real wealth value injection before it can start to obtain the real form of credit guarantee and value, and then it can have the real credit value. Any so-called credit currency that lacks this process of injecting value and obtains guarantee is zero credit currency
as long as bitcoin does not have any social entity with economic credit (such as a government) to inject real value and make formal guarantee for it, it will always be just a nominal currency with legal credit equal to 0. Any country can take this form of electronic currency to improve the function of currency counterfeiting and other management functions, but this pure electronic currency itself can not be separated from the attributes and forms of a credit currency itself. For example, US dollar or RMB can be issued and managed in the form of this kind of electronic currency, However, this does not mean that the US dollar and RMB itself can be separated from an actual form of credit guarantee and valuation process to become truly valuable currencies
any certain amount of money can be diluted and decentralized by a larger number of other "nominal money with no equal wealth value" and suffer devaluation. For example, the central bank issues money to the market for use out of thin air; On the other hand, the dominant value of any fixed amount of credit money can also change when its real wealth assignment changes. When it is abandoned by the original credit supporters, the credit right of its real wealth value will also end. For example, a country whose economic expenditure is basically bankrupt, Even if the amount of money is fixed, it will fall to the bottom, because the money itself has lost the control of the original normal amount of wealth. However, when a currency has not been assigned a value by a formal political entity in the legal form and process, its value can only be empty
the above points are only for some mentally retarded people who may fall into financial fraud. I hope that those who don't understand will not participate in speculation and avoid losses. As for the specific financial knowledge, many experts actually understand that bitcoin, as a form of credit currency, is a relatively new electronic currency. Many people want to observe what specific reactions it will have in the actual actions of the society. On the contrary, it has not aroused much vigilance for its possible adverse effects
reference: bitcoin: so far = empty credit currency
hope to adopt
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
unlike most 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 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 currency 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. 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 million
bitcoin can be cashed and converted into the currency of most countries. Users can use bitcoin to buy some virtual items, such as clothes, hats and equipment in online games. As long as someone accepts it, they can also use bitcoin to buy real-life items[ 1-2]
on February 26, 2014, Joe Manchin, a Democratic senator from West Virginia, issued an open letter to a number of regulatory authorities of the US federal government, hoping that the relevant institutions would pay attention to the status quo of bitcoin's encouraging illegal activities and disrupting the financial order, and take action as soon as possible to completely ban the electronic currency.
What is blockchain? How far is it from our life? A Alipay warm dad engineer used a fairy tale to explain the problem. p>
however, after watching the story of rat king, the boy named big asked his father a question when he made a video phone call with his father: where did big come from? Can this process be traced by blockchain
content source: Sohu
Take the subway to Chenggong's
bus line: Metro Line 1, the whole journey is about 29.4km
1, walk about 1.2km from Kunming station to Huancheng South Road Station
2, take Metro Line 1, pass 16 stations, and then reach the University Town Station
3, walk about 1.7km, Arrive at Chenggong University Town
Chenggong district is one of the five city districts of Kunming City in Yunnan Province, and is the resident of Kunming Municipal People's government. Covering an area of 461 square kilometers, the district government is located in Longcheng street. As of 2013, the district has 10 sub district offices and 65 community neighborhood committees“ Chenggong "is Yi language, which means" Haiwan Bazi rich in rice "
in 2012, the total population of Chenggong district was 350000, and ethnic minorities accounted for 7.35% of the total population. In 2012, the GDP of Chenggong district was 10.72 billion yuan, and the three instrial structures were adjusted to 5.4:46.1:48.5
Chenggong is a famous flower and vegetable proction base in China. Chenggong is known as "the first flower County in China" and "Dounan flower" has won China's famous trademark