Why is bitcoin in China
at the same time, the price of bitcoin dropped from a high level. Since bitcoin China announced it would stop trading at the end of this month, the price of bitcoin has dropped 11.3% to $3426.92, Reuters reported. This is also bitcoin's seven consecutive days of decline, becoming its longest decline in a year.
Bitcoin has become the most popular cryptocurrency in the world. Some countries allow the transaction of bitcoin, but some countries prohibit it. China belongs to the latter. Why does China shut down bitcoin trading? Let's analyze this problem today
bitcoin does not have the function of trading medium in China, so it can not be called currency. At the same time, bitcoin has the function of storing value and has certain investment value. However, the rapid rise of the current price has formed speculative anticipation and may form a bubble in the future. Therefore, it is necessary to take measures ahead of time, which can also restrain some illegal acts of laundering money and transferring assets through bitcoin. p>
Chinese mainland bitcoin game player has been transferred to Hongkong after a lot of closes. The exchange can be used as futures by some exchanges, which is about 10-20 times of leverage. Combined with the over-the-counter trading, even after the "outbreak", the trading volume is only 1 / 100 of the previous on-the-spot trading volume. It can be seen that the number of players participating in bitcoin trading has been greatly reced, and a few speculators have managed to maintain the bitcoin price with the help of leverage< However, it is hard to imagine that these speculators are totally supported by free funds. Considering the borrowing cost of funds, the fact that the world has entered a cycle of monetary tightening, and the increasing attention paid by more and more countries to the risk of speculating in digital assets, regulatory policies will become more and more intensive. I am afraid that this kind of high price without foundation will not last for too long. Could it be that a few early hoarders deliberately made the game in order to find the receiver? It's not impossible
on the other hand, the official digital currency is also under intensive preparation. In fact, since the second half of 2016, there has been more and more discussion on official legal digital currency in China. In September 2017, China Banknote Printing and Minting Corporation also set up a blockchain Research Institute to track and study digital currency technology, which is generally regarded as a precursor for the Chinese government to accelerate the research and launch of digital currency. China is likely to be the first country to issue official legal digital currency
of course, this process will not be achieved overnight, and the final proct will be quite different from digital assets such as bitcoin, which is more like a digital legal currency based on cryptography. Now the suspense is whether the settlement mode of this new legal digital currency is real-time Centralized Settlement similar to the current online banking mode, or offline point-to-point settlement. If it is the latter, the application prospect will be broader, and the use may be more comprehensive
in the final analysis, money is the medium of transaction and the means of storing wealth, and its essence is the embodiment of credit. Therefore, in order to play the role of money in a long period of time, this medium must have considerable credit. At present and in the foreseeable future, the strongest credit still comes from the powerful means of the government. If someone takes out the golden yuan certificate in the period of the Republic of China, it can only be called antique
therefore, in the long run, I am not optimistic about privately issued currencies. In particular, bitcoin has a logic defect in the underlying design that is difficult to last. So now we see the phenomenon of "capacity expansion", and every time this "correction" is harmful to its credit
however, even if bitcoin and other private digital currencies can not become the mainstream, blockchain technology has great potential. For example, digital property certification. We can imagine that in the rental market, if the law forces the landlord or intermediary to show the ownership certificate of the house with official or third-party certification and based on blockchain technology before renting the house, then the problem of fake houses will be much less
on this basis, it can also make remote online mortgage and transaction possible. The digitization of assets will make the transaction more convenient, which can be applied in many fields, and even for direct international transactions, such as long-distance mortgage and transaction of bulk commodities, futures and valuables (real estate, jewelry, antiques, art, etc.)
of course, all these also need supporting laws. Only when there are clear precedents, can it play a role in the future property rights protection based on blockchain and build up public confidence in it“ "From zero to one" will be very slow, but once it breaks through the critical value, with the first person to eat crabs, then "from one to ten thousand" will be completed quickly
in addition, cooperation between countries is also indispensable to expand the scope of application. Digital technology is inherently easy to spread across regions and international. When the new technology has accumulated and pieced together the required jigsaw puzzle, the breakthrough from quantity to quality is only the last layer of window paper. The breakthrough is inevitable. The chance is just who will finish it. Everyone is running like crazy, but history will only remember the first one who crossed the finish line
as a new thing, the application scope and depth of blockchain still need to be explored, just as at the beginning of the birth of electric power, people don't know its use. However, with the integration of human behavior with Internet and digital technology becoming more and more in-depth, the prospect of cryptography technology similar to blockchain must be unlimited.
Guiyang Zhongtai Technology Co., Ltd. is a joint stock limited company (unlisted) registered in Huaxi District, Guiyang City, Guizhou Province on September 26, 2002. Its registered address is located in yunshang village, Huaxi District, Guiyang City, Guizhou Province
the unified social credit code / registration number of Guiyang Zhongtai Technology Co., Ltd. is 5201001228344, which is Mei Meng, the legal person of the enterprise. At present, the enterprise is in business
Guiyang Zhongtai Technology Co., Ltd. has a general registered capital within the province
Guiyang Zhongtai Technology Co., Ltd. has invested in one company with 0 branches
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