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Why does bitcoin steal electricity

Publish: 2021-04-19 10:17:23
1.

bitcoin is a fraud, so we must be cautious in investment and financial management

even if it is called "hard currency", the price of gold will not only rise but not fall. There is no bubble in gold, but the price is too high, there is a bubble, and the bubble will eventually burst, such as virtual currency such as bitcoin. The more general virtual currencies, the closer bitcoin's value is to zero

this kind of currency, which is a purely calculated digital symbol, has no asset support, no financial revenue and expenditure, no cash reserve and no use value. It is only a circulation symbol. Once it loses its credit guarantee, it is a pile of beautiful printed waste paper. Investors should be alert that there is no so-called safe investment in this world, and all investments are risky

the people's Bank of China and other departments issued a document to severely punish the above-mentioned behaviors, making it clear that token trading is not protected by law. With some virtual currency trading platforms turning to overseas, speculative money speculation has also turned to "underground". In the face of continuous renovation, on the basis of continuous strict supervision, government departments should constantly upgrade the means and ability of supervision, and continue to increase publicity and crackdown on popular science, so as to avoid the masses being deceived

extended information:

investing in virtual currency is more of a kind of speculation. Investors should strengthen their risk prevention awareness and identification ability. Without confirming the identity of the other party, they should not be involved in money transactions, trust low-risk and high return investment procts, especially not join the investment and financing group without verification, These are often well-designed traps by telecommunication network fraudsters

it's better to purchase the investment and financial management accompanied by the children, and learn from the official and authoritative channels, and report to the police in time when they are found to be cheated. Properly protect all kinds of account password, identity information, etc., don't tell others easily. Any reference to the need for transfer and remittance should arouse high vigilance and consult with trusted acquaintances

reference source: people's.com - uncover the crazy bitcoin: new Ponzi scheme of 800 yuan each<

People's website - three men set up bitcoin scam and made a profit of more than 150000 yuan and were sentenced

People's website - People's website comments on "analytic blockchain" part 3: how to avoid getting away from the real to the virtual

2. There are certain risks in buying. This refers to investment risk. Because the fluctuation of bitcoin price is very large. If you buy bitcoin, the price may drop, and you will lose money. This is called risk.
3. In 2009, Nakamoto Tsung invented bitcoin, and he designed the issuing mechanism of bitcoin:
the issuance of bitcoin does not depend on indivials or teams, but through a process called "mining". By solving the problem of cryptography, people get the right to create new blocks and get rewards. It can be said that the new bitcoin is proced to reward miners to verify blocks. In the beginning, 50 bitcoins were awarded for each block packed. Nakamoto designed a set of rules. For every 210000 blocks excavated (about four years), the reward will be halved. This is what we call "halving" event
the first half was at the end of 2012, when 50 bitcoins were awarded to the 210000 block, but only 25 bitcoins were awarded to the 210001 block
the second half took place in the middle of 2016, and the reward was halved again, so 12.5 bitcoins were awarded in 420001 block
and so on...
until around 2140, 21 million bitcoins were g up, and then they stopped rewarding
Why do we need this half design? If bitcoin is issued too fast and there is no circulation limit, there will be a large amount of bitcoin in circulation in the market, and it will definitely be greatly devalued. One thing to remember: bitcoin is valuable. First, the number of bitcoins is fixed, that is 21 million; Moreover, through the halving process, inflation in the bitcoin economy can be suppressed
the third halving will take place in May this year. Let's wait and see.
4. Bitcoin is a kind of cryptocurrency based on decentralization, using peer-to-peer network and consensus initiative, open source, and blockchain as the underlying technology. The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. Unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design 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

warm tips:
1. The above explanations are for reference only, without any suggestions
2. Before investing, it is recommended that you first understand the risks existing in the project, and clearly understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market. Investment is risky, so we should be cautious when entering the market
response time: January 8, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
5. Mining is a process of consuming computing resources to process transactions, ensuring network security and keeping everyone's information synchronized in the network. It can be understood as the data center of bitcoin. The difference lies in its completely decentralized design. Miners operate all over the world, and no one can control the network. This process is called "mining" because it is similar to gold panning, because it is also a temporary mechanism for issuing new bitcoin. However, unlike gold panning, bitcoin mining provides rewards for services that ensure the safe operation of payment networks. After the last bitcoin, mining is still necessary

mining is a proof mechanism.
6.

Global view is a public information mining platform

reward token GC in the process of reading information, so as to achieve revenue. Based on data engine mining technology, to ensure fairness, transparency and openness

on the information reading platform, a novice reading bag will be sent to you with a simple real name after registration. The effective time of the reading bag is one month, and you can read for three minutes every day to complete the task. The monthly output is 11.4 GC coins, which can be traded point-to-point on the platform

< H2 > extended information:

precautions

direct promotion new person award 0.6ge, subordinate re investment award is the same as 6% of the highest level of GC (with burn system) upgrade award, upgrade G2, direct promotion 10 people, personal activity 50, alliance activity 20000 can upgrade G2

GC is a reward coin for reading, which is decentralized, point-to-point trading, shopping and circulation, with a total amount of 2 billion. You can buy reading bags to get more output and sell them to make money

Ge is generated by recommendation certification award, commission transaction bonus award, and Ge pool is released into GC or purchased reading package in proportion every day

GSB is the platform currency and the only token of exchange transaction, with a total amount of 600 million. The purchase of reading bags above the low level can be given as a 1:1 gift, while the purchase of reading bags by the lower level can also get GSB reward



7. Dollars. Virtual currency doesn't admit much now.
8. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system. Bitcoin is not issued by specific currency institutions, it is generated by a large number of calculations based on 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. 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. Bitcoin is a kind of network virtual currency with limited quantity, similar to Tencent's q-coin, but can be used for cash: it can be converted into the currency of most countries. 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 monetary system has no more than 10.5 million in the first four years, and the total number after that will be permanently limited to 21 million. Another point is that you can use computers to make bitcoin
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