Bitcoin and grapefruit plummeted
Grapefruit (EOS) is an operating system like blockchain architecture platform developed by blockchain wizard BM (Daniel Larimer), which aims to realize the performance expansion of distributed applications. EOS provides accounts, authentication, databases, asynchronous communication, and program scheling on hundreds of CPUs or clusters. The final form of the technology is a blockchain architecture, which can support millions of transactions per second, and ordinary users do not need to pay for the use of the technology. The issue date is July 2, 2017, and the issue price is ￥ 7 RMB
There is no law in China to ban bitcoin, so it is not illegal to mine and earn bitcoin
it is not illegal to buy bitcoin in China. In 2013, five ministries and commissions jointly issued the bitcoin risk notice, which states that although bitcoin does not belong to legal tender and is not legally compulsory, people can freely participate in bitcoin trading activities when they voluntarily undertake risks
"notice" clearly defines the nature of bitcoin, and holds that bitcoin is not issued by the monetary authority, has no monetary attributes such as legal compensation and mandatory, and is not a real currency. In terms of nature, bitcoin is a specific virtual commodity, which does not have the same legal status as currency and cannot and should not be used as currency in the market
however, as a kind of commodity trading on the Internet, ordinary people have the freedom to participate in bitcoin trading at their own risk
the notice requires that at this stage, financial institutions and Payment institutions shall not price procts or services with bitcoin, buy or sell bitcoin as a central counterparties, underwrite insurance business related to bitcoin or include bitcoin in the scope of insurance liability, and provide other bitcoin related services to customers directly or indirectly, Including: providing bitcoin registration, trading, clearing, settlement and other services for customers; Accept bitcoin or use bitcoin as a payment and settlement tool; Carry out bitcoin and RMB and foreign currency exchange services; Carry out bitcoin storage, custody, mortgage and other services; Issuing financial procts related to bitcoin; Take bitcoin as the investment target of trust, fund, etc
in order to avoid over hype of virtual commodities such as bitcoin in the name of "virtual currency" and damage the public interest and the legal tender status of RMB, the circular requires financial institutions and Payment institutions to correctly use the concept of currency in their daily work, pay attention to strengthening the ecation of the public's knowledge of currency, and correctly understand the concept of currency The concept of correctly treating virtual commodity and virtual currency, rational investment, reasonable control of investment risk, and maintenance of their own property security should be included in the content of financial knowledge popularization activities, so as to guide the public to establish a correct concept of currency and investment
source of reference: People's website bitcoin network virtual currency
Grapefruit currency is illegal in China, any virtual currency trading in China is illegal. Token issuance financing refers to the so-called "virtual currency" raised from investors by the financing subject through the illegal sale and circulation of token. In essence, it is an unauthorized illegal public financing behavior, suspected of illegal sale of token bills, illegal issuance of securities, illegal fund-raising, financial fraud, pyramid schemes and other illegal criminal activities
according to Article 2 of the notice on preventing the financing risks of token issuance, no organization or indivial is allowed to engage in the financing activities of token issuance illegally. From the date of this notice, all kinds of financing activities of token issuance shall be stopped immediately. Organizations and indivials that have completed the token issuance and financing should make arrangements such as refund, reasonably protect the rights and interests of investors, and properly handle risks. Relevant departments will seriously investigate and deal with the activities of token issuance and financing that refuse to stop and the illegal behaviors in completed token issuance and financing projects
extended information:
Article 4 of the notice on preventing the financing risks of token issuance, all financial institutions and non bank payment institutions shall not carry out the business related to token issuance financing transactions, and all financial institutions and non bank payment institutions shall not directly or indirectly provide account opening and payment services for token issuance financing and "virtual currency" Registration, trading, clearing, settlement and other procts or services shall not underwrite insurance business related to token and "virtual currency" or include token and "virtual currency" into the scope of insurance liability. Financial institutions and non bank payment institutions shall report to the relevant departments in a timely manner if they find clues of violation of laws and regulations in token issuance financing transactions
Article 5 the public should be highly alert to the potential risks in the financing and trading of token issuance. There are multiple risks in the financing and trading of token issuance, including the risk of false assets, the risk of business failure, the risk of investment speculation and so on. Investors should bear the investment risk on their own, hoping that investors will be careful not to be deceived
for all kinds of illegal financial activities carried out by using the name of "currency", the public should strengthen the awareness of risk prevention and identification ability, and timely report relevant illegal clues
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according to Nakamoto's setting, bitcoin will be halved for the third time around May next year
before and after the previous halving, the price has changed significantly
will bitcoin really have a bull market in 2020
The formation of a bull market also needs the help of many forces, such as policies, technological breakthroughs, economic crisis, etc. halving will not directly bring a bull market, but it is the basic force to form a bull marketas can be seen from the above figure, the price trend of bitcoin follows a certain rhythm, which is completely market-oriented. The next bull market is likely to follow the same rhythm
but do you believe the law of history? It's not controlled by your subjective will. It's like tossing a coin. If the nine tosses are positive, we all think that the tenth toss will be positive. The fact is, the probability of positive and negative is always 50%. The probability will never change. It's just your expectation
opportunities are reserved for those who are prepared. Don't sigh in the future bull market. As for which trading platform is more reliable, it is recommended to prefer the head exchange. The old exchanges, such as fire coin, man coin, okex, etc.
now cloud mining is very popular, try it. If you try new things, you can know that Renren mine and bitxiaolu can
the next round of bull market should start in the second half of 2021
according to the history of bitcoin, someone has made a correlation model between halving and price. According to this model, the price of bitcoin will be more than $10000 or even more than $100000 in the next halving
block reward is a reward for miners to solve relevant mathematical problems and create new blocks through calculation. Take bitcoin as an example. Bitcoin is g out at a certain but declining rate, and a new block is generated every ten minutes. Each new block is accompanied by a certain number of new bitcoin from scratch
for every 210000 blocks mined, the reward will be halved and the cycle will be four years. From the initial 50 bitcoin / blocks of bitcoin invention to 12.5 bitcoin / blocks after 2016, the total number of bitcoin / blocks will reach nearly 21 million in 2040. After that, the new block will no longer contain bitcoin rewards, and the miners' income will all come from transaction fees
some analysts have said in the past that halving the price trend of the bitcoin has no significant impact because investors have high expectations of the bitcoin. To some extent, however, the long-term trend of the asset must be factored into the halved price. Some analysts believe that based on the historical performance of bitcoin, bitcoin may start to show the effect of halving in the second quarter of 2019
Maybe it's a clerical error. I'll make a little effort. Four years ago, in February 2015, there were only so many bitcoins. According to the average exchange rate of 6.23 in 15 years, it was about 1500 RMB
Maybe it's a clerical error. I'll make a little effort. Four years ago, in February 2015, there were only so many bitcoins. According to the average exchange rate of 6.23 in 15 years, it was about 1500 RMB
The only time that2W block appeared was in December 2017, when bitcoin hit a record high, and some recorded exchanges reached a record high of US $20089. According to the exchange rate of about 6.8 in 17 years and 136605 RMB
there are no restrictions for indivials, teams or companies to issue currency, but you need to make clear the purpose of issuing currency, what you can do, externally or internally, what the planning looks like, what the form of issuing currency looks like, and so on. Only by confirming these can you determine whether issuing currency can meet your needs, or whether you need to combine other systems
Mr. Yuan Wang is engaged in the development of blockchain digital asset currency system. If necessary, you can search "Mr. Yuan Wang" online for detailed communication.