Does bitcoin have form

1.

According to analysts at Goldman Sachs, bitcoin can become a legal and widespread form of currency, but it is mainly possible in theory

Analysts believe that the reality is that cryptocurrency still has a very high threshold in most places. First, the government cannot track who is buying or selling bitcoin. And as we all know, the price of cryptocurrency is very vulnerable to large fluctuations. This volatility is very rare in legal tender, so bitcoin is not suitable to be a reserve currency

2. General equivalent
general equivalent is a kind of commodity which is separated from commodity and serves as the unified value expression material of all other commodities. Its appearance is the inevitable result of the development of commodity proction and exchange. Historically, the general equivalent was undertaken by some special commodities. With the progress of society, gold and silver have become the most suitable currencies to perform the function of general equivalent. Money is a special commodity separated from commodities and fixed as a general equivalent
Chinese name
general equivalent
foreign name
universal equivalent
definition
the commodity that represents the value of all commodities
development process
the proct of the third stage of value form development
proposer
Karl Marx
definition
general equivalent is separated from the commodity world and represents the value of all other commodities Commodities
overview
the emergence of general equivalents is e to the lack of unified equivalents in the form of expanded value, which can not meet the increasing needs of exchange, so the functions of equivalents graally spontaneously stabilize on a certain commodity, resulting in the emergence of general equivalents. The general equivalent is a socially recognized equivalent form. Its natural form has become the common value form of all commodities. It can be directly exchanged with all other commodities. All other commodities regard it as the embodiment of abstract human labor and have relations with it. Only when all other commodities are first transformed into general equivalents, the private labor expended on them can be recognized by the society and become direct social labor. Only in this way can they actually have exchange value and can they be exchanged for other commodities at any time. Therefore, the general equivalent becomes the medium of commodity exchange and plays the role of currency. However, it is not money. Only when the function of general equivalent is stable on precious metals, can it develop into money[ 1]

general equivalent
equivalence relationship
relationship between currency and general equivalent
connection:
1. All commodities are separated from commodities
2. It can be directly exchanged with all other commodities to show the value of other commodities
differences:
1; Money came into being after the second division of labor
2; It has a wide range; The extension and scope of money are narrow, especially gold and silver
3. The general equivalent is not fixed in time, region and material texture; Money is fixed in these three aspects.

3. As an almost perfect monetary system, bitcoin has five characteristics different from traditional currency
first, decentralization. Bitcoin is a point-to-point, decentralized digital currency. It does not rely on specific institutions to issue, does not need any government and institutions to carry out credit endorsement, and uses cryptography design to ensure the security of each link< Second, anonymity. You can send and receive bitcoin without providing any personal identity information< Third, scarcity. The total number of bitcoins is limited to 21 million and is expected to be issued in 2140< Fourthly, the transfer cost is low. With bitcoin transfer, no matter how much the amount is, you only need to pay a very low fee. The transfer fee can be set freely. At present, it is recommended to pay 0.0005 bitcoin fee for each transfer< 5. Convenient global circulation. In any country, any intelligent terminal connected to the Internet can carry out bitcoin transfer and transaction
I hope I can help you! Hope to adopt!

4. 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.

5.

In terms of currency attribute, although bitcoin is a kind of virtual currency with no issuer, it is recognized as worthless currency in reality. Nowadays, many countries restrict its circulation, so many people do not understand it. But it does have a monetary attribute, not only that, it also has an asset attribute

the reason why many countries do not recognize bitcoin as a currency in circulation is that it has too much room for imagination and is not easy to control at the national level. Although it is more convenient, it is more abstract and naturally "shut out" by many countries. However, some countries, such as Japan, recognize bitcoin and digital currency as digital equivalent, and there are many payment application examples in Japan although it is difficult to reach a consensus on a global scale, Japan's behavior also shows that bitcoin has monetary attributes to a certain extent

6. The general idea of "fragmentation" is to change each block in the blockchain network into a sub blockchain, in which several (currently 100) collations (which can be called "check blocks", in order to distinguish them from the concept of blocks in the scenario of fragmentation) packed with transaction data can be accommodated, and these collations finally form a block on the main chain; Because these collations exist as blocks as a whole, their data must be packaged and generated by a specific miner, which is essentially the same as the blocks in the existing protocol, so there is no need to add additional network confirmation. In this way, the trading capacity of each block will be expanded about 100 times; And this kind of design is also concive to future expansion. At present, the whole expansion plan is roughly divided into four stages; This article only introces the implementation details of the first phase. Transferred from Jianshu. Currency exchange of digital currency

7. For bitcoin, don't invest any more. It's a complete gamble. Remember, don't participate, especially at this stage. The threshold itself is very low. Bitcoin is not money. It can be divided into any large unit, such as 0.0000015 bitcoin. I don't know when the concept of bitcoin was changed into bitcoin. It can be worthless at any time

8. It's a deceptive thing. It's time to get rid of it. Don't be a dish collector.

9. Bitcoin is a virtual currency on the Internet and has no entity. The people's Bank of China does not recognize its currency status