President of bitcoin

1. Unknowingly, bitcoin has been in dispute for nearly eight years. Since its birth, people have loved and hated bitcoin. Supporters firmly believe that bitcoin can subvert the existing monetary system, while opponents think it is worthless<

recently, the identity of Satoshi Nakamoto, the father of bitcoin, was accidentally exposed, which made bitcoin, which had graally faded out of the public's view, hot again. However, Craig, an Australian businessman with low-key and simple daily behavior, is still in the market; It took only five days for Craig Wright to admit that he had no courage to give up and prove that he was Nakamoto

not surprisingly, the mystery of "Nakamoto Tsung" will continue

"the twists and turns of Zhongben Cong's identity have not brought significant impact on the bitcoin market," Li Qiyuan, President of bitcoin China (BTCC), said in an interview with the first Financial Daily yesterday (May 9). As an innovative thing, bitcoin has been able to survive and grow steadily in the past few years, marking a kind of success. Liu Shengjun, executive vice president of China Europe Lujiazui Institute of international finance, is worried about the development prospect of bitcoin. "At present, no government is willing to give up its management power and accept bitcoin to replace legal tender."< On November 1, 2008, Nakamoto published a research report in a secret cryptography discussion group, in which the concept of bitcoin was first proposed. In 2009, the world's first bitcoin algorithm software appeared. In just four years after that, the price of bitcoin increased by hundreds or even thousands of times, which eclipsed other investment targets

as the creator of bitcoin, "Nakamoto Tsung" not only grasps the most core technology, but also increases people's curiosity and speculation about his real identity because of its huge wealth brought by about 1 million bitcoins (the current price of one bitcoin is about 2970 yuan)< On May 2, Wright publicly told several major overseas media that he was the so-called "Nakamoto Tsung", the founder of bitcoin, which aroused heated discussion in the market<

(the price trend of bitcoin in the past year)

Wright, 46, is a computer scientist and an entrepreneur. When he introced himself at the 2015 bitcoin investor conference, he said that he was a scholar, engaged in business research, and had a doctor of law and a master's degree in statistics

according to foreign mainstream media, Wright confirmed his identity as "Nakamoto Tsung" from a technical point of view by using the bitcoin owned by the founder of bitcoin. Wright also said publicly that it was not easy to make a decision to disclose his identity, and the reason for his clarification was his love and concern for his work, which he "hoped to eliminate the false legends and worries surrounding bitcoin"

as the Internet world continues to argue about Wright's real identity, the plot takes a major turn< On May 6, Wright suddenly published an open letter entitled "I'm sorry", saying that he "has no courage" to continue to prove his identity as "Nakamoto Tsung"

"I believed that I could end the years of hiding and hiding. However, with the events of the past week fermenting, I was going to publish the evidence that I had the initial block, but I couldn't stand it. I don't have the courage. I can't do it. " Wright said<

Wright once said in his public identity that he did not want money, nor did he want to be famous, nor did he want to be worshipped, but only wanted to be alone. Li Qiyuan told China Business Daily that if he really wanted to live his own life, why did he suddenly choose to expose his identity

obviously, the emergence of Wright has not completely ended the mystery of "Nakamoto" and investors are more concerned about the impact of "Nakamoto" on the price of bitcoin

Gong Ming, the founder of blockchain pencil, told the first financial daily that the identity of "Zhongben cong" will not have a substantial impact on the market, but is more symbolic. Unless "Nakamoto Tsung" sells a lot of bitcoin, it will not have an impact on the price of bitcoin. "From 2009 to now," Nakamoto Tsung "is not a person who has a strong desire for money and will not buy or sell bitcoin because of the high or low value of the currency."< Recently, Zug, a small Swiss town, announced that from July 1 this year, buyers will be allowed to pay for its public services with bitcoin as the payment method. Although there are still great limitations in the scope and amount of this payment method, the small progress is enough to cheer bitcoin's staunch admirers

from the beginning, virtual goods can only be purchased on the Internet, to now, bitcoin can be converted into multi-national currencies, and there are many twists and turns along the way

in February 2014, Mt. GOx, the world's largest bitcoin trading platform at that time, said that bitcoin was stolen e to large-scale hacker attacks, with a total loss of $470 million, and the platform declared bankruptcy. Affected by this, the price of bitcoin plummeted from more than $600 to $102 in just a few seconds, a drop of 83%

in January 2015, bitstamp, one of the most reliable bitcoin trading platforms in the world, was attacked by hackers, resulting in the theft of at least US $5 million of bitcoin, causing panic among some cryptocurrency holders. The openness and security of bitcoin cause instry concern. When the negative news came out, bitcoin was finally recognized by the regulatory authorities

in September 2015, the US Commodity Futures Trading Commission (CFTC) confirmed for the first time that bitcoin and other virtual currencies are defined as commodities, which means that bitcoin is classified as commodities like gold and oil, and trading behavior will comply with all commodity derivatives market rules; In October of the same year, the European Court of justice formally ruled that bitcoin and other virtual currencies in Europe should be exempt from VAT just like traditional currencies. Because according to the relevant provisions of the EU, "currencies, bank bills and coins used as legal tender" do not need to pay VAT. Bitcoin has taken a solid step towards legalization

nevertheless, the market is still worried about whether bitcoin, which reached a historical peak of more than 8000 yuan in 2013, can return to its former glory

at present, the price of bitcoin is hovering around 2900 yuan, which is much more stable than the previous ups and downs, and the trading volume of bitcoin has also dropped significantly

"I don't think bitcoin has changed from hot to cold. Compared with the sharp rise and overheating in 2013, I think it is now the normal price of bitcoin. In 2013, bitcoin rose from tens of dollars in January to thousands of dollars in less than a year, overdrawing the later increase, so it has been falling back after 2013." Gong Ming told the first financial daily

how much is bitcoin worth? It is estimated that bitcoin players, exchanges, mining machine manufacturers and even bitcoin creators can not give an accurate answer

although the value of bitcoin cannot be determined, one thing is certain that the number of bitcoins is certain. Because the "issuance" of bitcoin depends on complex calculation, it is essentially different from the "printing" mode of traditional currency issuance. The total amount of bitcoin graally increases according to the design predetermined rate, and the increase rate graally slows down, and finally reaches the limit of 21 million in 2140. The instry estimates that the total amount has reached 15.5 million

Li Qiyuan believes that the limited number of bitcoin is in sharp contrast to the inflation and the decline in the purchasing power of fiat money caused by the massive printing of money by central banks“ The goal of bitcoin is not to replace the existing currency, but to become a universal digital asset in the world and provide convenience for people's lives. "

it is generally expected that with the departure of short-term speculators, the continuous development of bitcoin related applications and the improvement of infrastructure, the digital currency represented by bitcoin will be in a benign development stage

in addition to bitcoin, there are also outstanding digital currencies such as lightcoin, Ethereum, dogcoin and Ruitai coin.

2.

Whether in the past or in the future, we have always advocated that indivial interests should be in line with collective interests. When facing social and economic interests, we should first consider social value. When dealing with virtual currency shuttling through financial transactions, how should we choose its social and economic value

there are thousands of virtual currencies in circulation in the market, and not every currency will follow the principle of social value first. From December 17 to January 18, many virtual currencies scrambled the trading market by virtue of ICO chaos, which not only made many investors lose money, but also lost the hope of increasing the value of virtual currency, This kind of virtual currency not only has no social value, but also can never realize its own economic value

As the first virtual currency to appear in the public's eyes, bitcoin is a financial proct with both social and economic values. It not only grows graally in the process of development, from less than $1 to $10000 + today, but also drives the development of the whole instry. Bitcoin is the leader and protector of the emerging instry, Its contribution is multifaceted and its advantages are incomparable

As a new emerging virtual currency, mycoin may not seem warm now, but the soup made by slow fire is often different. I hope mycoin will move closer and closer to bitcoin and compete with it in the near future

3.

As for bitcoin's sharp rise and breaking the $48000 mark, I believe no one will expect that. What are the reasons for bitcoin's sharp rise? Will bitcoin continue to soar in the future? With these questions, let's analyze this problem. Here are my personal thoughts and opinions, for your reference and discussion only

problem analysis

the above has explained various factors of bitcoin soaring, but none of these factors is under our personal control, and when you invest, you can't guarantee that you can bear the loss, so when you choose to invest in bitcoin, you are doomed to pay for your decision, The world is so big and there are so many procts to invest in. Why choose bitcoin with such high risk? The above is my personal views and ideas, for reference only

4. It is easy to understand that the main reason is that the negative impact on China's economy and society is unforgivable. First of all, these computer geniuses have a good desire to create algorithmic digital currency, but because it has no value base, the consideration of bitcoin is dominated by underground economy from the beginning, and then it becomes a tool for speculation. Secondly, every surge of bitcoin is related to Chinese speculators, which is basically the result of domestic speculation and malicious speculation. This kind of malicious speculation not only has a serious impact on China's financial market, but also creates conditions for many illegal funds to flee. Third, bitcoin and other algorithmic currencies have never served the real economy in China, and have promoted the development of the real economy. On the contrary, let the funds serving the real economy flow into the market for speculation, which has a serious crowding out effect on the real economy. Fourth, under the above circumstances, bitcoin and other so-called "algorithmic digital currencies" will surely become increasingly tools for money laundering, drug trafficking, smuggling, illegal fund-raising and other illegal and criminal activities, and the responsible government must absolutely own this market.

5.

On Tuesday, Beijing time, China's first bitcoin exchange said it had been acquired by an unnamed Hong Kong blockchain investment fund

"today's acquisition is a milestone for BTCC, and also a recognition and reward for our achievements in recent years," said Li Qiyuan, co-founder of BTCC. "The introction of resources will help BTCC develop its business more strongly and actively from 2018. I am very excited about this."

6. The main principle of bitcoin and the blockchain technology behind bitcoin is to establish a global distributed ledger, Each node participating in account verification and packaging can query all the transaction details stored since Genesis to ensure that a sum of money in any account will not be spent twice. Every 10 minutes, the transaction is packed as a "block" and encrypted signature technology is used. The latter block uses the signature information of the previous block to sign itself, forming a signature "chain". Such a "blockchain" can ensure that the account and transaction information will not be tampered with Red circle)
refer to the development analysis and investment value evaluation report of China miner steel market released by guanyanxia
unconfirmed transactions are broadcast to the whole network every moment, and then all nodes (bitcoin miner) who are willing to participate in the verification of transactions will select some unconfirmed transactions to verify against the historical blockchain and package them into a "block" every 10 minutes, However, not all the blocks packed by bitcoin miners are effective blocks. Next, they need to participate in an arithmetic competition with increasing difficulty. The winner's results can be recognized by the whole network and rewarded (New bitcoin) (green circle). At the same time, when more than one person wins, only the result of one miner should be retained through the voting mechanism, and the confirmation of others should be cancelled
unconfirmed transactions are broadcast to the whole network all the time, and then all nodes (bitcoin miners) who are willing to participate in verifying transactions will select some unconfirmed transactions every 10 minutes to verify against the historical blockchain and package them into a "block", but not all the blocks packed by bitcoin miners are effective blocks, But next, we need to participate in an arithmetic competition with increasing difficulty. The winner's result can be recognized by the whole network and be rewarded (New bitcoin) (green circle). At the same time, when more than one person wins, only the result of one miner should be retained through the voting mechanism, and the confirmation of others should be cancelled.

7. Blockchain bitcoin 21 the biggest scam in the world
in the bottleneck period of world economic development, Xiaomei consumes the world's wool with its biggest scam
don't participate, don't listen, set up the national force to prohibit it, don't participate in the construction of any digital asset transactions, and don't be the eternal sinner of the motherland
blockchain technology is a waste of resources, not in line with the development of intensive economy! Simple things are complicated, and small resource consumption becomes multi resource consumption
data storage doesn't need money, and servers don't need money. And who can guarantee that the server data will not be lost. Natural and man-made disasters, natural strain. Does it make sense to play the virtual game of wasting the resources of the real economy? After all, there are so many people who don't have enough to eat!!!

9. In the currency circle, there are no digital currency business schools in the Asia Pacific region. These so-called business schools are generally fabricated by the direct selling groups themselves
digital currency is in a gray area all over the world, and there are few schools offering digital currency courses. Bitcoin, Ruitai, Laite, Weimeng and doggy can be called digital currency, while Morgan and Vicat can only be called digital currency.

10. It's MLM
Ling Kang, vice president of bitcoin in China, said that he had never heard of Vicat. Judging from the content and development mode of the website, Vicat is not only fake, but also very unreliable. "Basically, it has nothing to do with bitcoin and other digital cryptocurrencies."
"bitcoin and other virtual currencies are open source programs, and the parameters and methods of their total amount limit are displayed in the open source code, so as to show the operation mechanism of the currency system openly and transparently. However, Vicat does not disclose its source code, which in itself violates the basic principles of virtual currency. " Ling Kang said that in addition, bitcoin and other virtual currencies are scattered transactions spontaneously formed in the market, and after the scale is formed, the third party graally establishes an exchange to complete the transaction. The Vicat is issued by itself and traded on its own platform. The so-called cooperation with the bank is nothing. Vicat currency, which has problems in basic properties, has high investment risk, so investors need to be cautious
in the list of 61 direct selling enterprises published by the Ministry of Commerce, the reporter also did not find the name of Vicat.