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What's the harm of bitcoin

Publish: 2021-04-17 01:36:58
1.

(1) bitcoin was originally a kind of network virtual currency to buy real-life goods

(2) advantages:

< UL >
  • completely decentralized, without issuing institutions, it is impossible to manipulate the number of issues

  • anonymity, tax exemption and supervision free

  • robustness. Bitcoin is completely dependent on P2P network and has no distribution center, so it cannot be shut down externally

  • cross border

  • it's difficult for the cat to survive

  • < / UL >

    (3) disadvantages:

    < UL >
  • the vulnerability of trading platform

  • transaction confirmation takes a long time

  • the price fluctuates greatly

  • the public did not understand the principle, and the traditional financial practitioners resisted

  • 2.

    Chinese players have become the main crowd in buying bitcoin, which has directly led to the popularity of Chinese bitcoin trading websites. Even the laurel of "the world's largest trading platform" has rotated among bitcoin trading websites in China. What are the disadvantages of bitcoin


    the vulnerability of trading platform. The bitcoin network is robust, but the bitcoin trading platform is fragile. Trading platform is usually a website, which will be attacked by hackers or shut down by competent authorities



    bitcoin has been given a mysterious color since its birth: it is said that because of its concealment and limitation, it is used in drug trafficking. With this kind of dark color, it was packaged as a financial proct and successfully started trading. Many people wonder if bitcoin will eventually replace money? It is not issued by any institution or country, is not controlled by any organization, and is completely decentralized. Bitcoin instead of currency can avoid currency being artificially controlled. However, while this idea sounds wonderful, it cannot be realized

    the transaction of bitcoin has congenital defects, and the transaction of bitcoin is irreversible. In other words, it can never be undone: once confirmed, there will be no "error" and no "return". This will bring great inconvenience to the transaction. The limitation of bitcoin also determines that it can not meet the needs of transaction< br />

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    Tencent computer housekeeper adopts the technology of checking and killing Tencent cloud, which can forcibly check and kill the latest Trojan horse programs, keep the computer away from the threat of viruses, and protect your computer in real time. It can also protect the Internet pages, system files, USB flash drives, browsers, etc. some viruses even tamper with computer files, All of them can protect your computer from being threatened and give you a clean Internet environment.
    specific steps:
    1. General search and kill, open Tencent computer manager - virus search and kill
    2. Search and kill in safe mode, restart the computer, press F8, the screen displays WinXP system startup menu, press the key to move to "safe mode with command prompt", enter; Find the anti-virus software inside the computer to kill the virus.
    4.

    It's real-time analysis. He has different situations every year, every month, every day

    5. The biggest risk of playing bitcoin is that it will not eventually become an acceptable means of payment.
    6.

    In fact, blockchain has been developing at a high speed since its emergence. Bitcoin, as a derivative of blockchain, is also the ancestor of all virtual currencies, and its value is very high

    now there are only two ways to get bitcoin, one is to buy it, the other is to use ha Yu miner mining! I believe the value of bitcoin will be the highest in the future

    7. < UL >
  • high acquisition cost

  • at present, if investors want to obtain bitcoin through the "mining" channel, the cost is already very high. As the amount of bitcoin on hand is proportional to the complexity of the algorithm, the number of people involved in mining is also proportional to the complexity of the algorithm. It is impossible to use ordinary home computers to "mine". At present, the market price of high configuration professional "mining machine" has reached 300000 yuan. Through the online trading platform, the current market is as high as 1 bitcoin to 122.49 US dollars


  • to consider whether the political environment has enough support

  • as a decentralized virtual currency, whether bitcoin can be recognized by governments is very critical. Due to the lack of supervision, bitcoin is easy to become a channel for money laundering, bribery and asset transfer. More importantly, bitcoin lacks strong credit support in essence. As a currency, it lacks both the commodity function behind the gold standard and the mandatory guarantee of credit currency. When the market value of bitcoin continues to rise and has a certain impact on the real currency, governments may declare it illegal. In mid May, the US Department of Homeland Security froze two bank accounts owned by Mt. GOx, the world's largest bitcoin exchange. This is a systemic risk that must be considered


  • Technical Security

  • the design algorithm of bitcoin is relatively safe at present, but each online trading platform is not without loopholes. With the rising market value, bitcoin has become the target of network hackers. Users' bitcoin is stolen and bitcoin trading center is attacked by hackers frequently, which will bring unknown fluctuations to the trend of bitcoin


  • what is the appreciation space of bitcoin?

  • money supply should keep pace with economic development. From the design principle of bitcoin, the supply speed of bitcoin is determined by algorithm, and has nothing to do with market demand and economic development. Although bitcoin eliminates inflation in theory, its relative lack of total amount and no secondary currency is the biggest weakness. Bitcoin is more likely to bring deflation than gold standard. Deflation is just as harmful as inflation, which directly deviates from the liquidity nature of money and is destined to have a very limited audience


  • the best time to enter the market may have passed

  • from the perspective of market trend, bitcoin began to rocket up this year from the initial exchange rate of 1 US dollar to 1309.03 bitcoin, reaching the highest record of 266 US dollars to 1 bitcoin in April this year. This is because, according to the algorithm, the supply of bitcoin is halved every four years, which is exactly the beginning of the new four years from this year. The time point at which supply is halved is certainly a sensitive time window


  • investors should have a strong enough heart

  • bitcoin trading has a high risk, it does not have the same limit as the stock market, and trading is open 24 hours a day. Due to the small number of chips, the price of bitcoin is easily controlled by the makers. It is possible that the price of bitcoin will rise several times a day. At the same time, it is possible to wake up and find that most of the assets are lost

  • 8. According to the specific algorithm, through a large number of calculations, 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. 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 currency 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
    the risk is that the future bitcoin will be stopped by the international machine, resulting in abortion
    9. Bitcoin blockchain is the largest public chain in the world, and after years of development, it has proved its technical feasibility and stability, which also shows its technical value.
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