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Bitcoin 51 billion

Publish: 2021-04-20 14:12:59
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. In fact, people will not let such a thing happen, because once someone controls 51% of the computing power of the whole network, the security and non tamperability of the system will be invalid, then the decentralization system of bitcoin will collapse, and the price of bitcoin will plummet or even return to zero, which is bad news for the participants of the whole network. Therefore, we will spontaneously control the distribution of computing power in the whole network, so as not to let one company dominate. Even when many people find that the computing power of a certain mine is too large, they will take the initiative to withdraw from the mine. Now the most powerful mining pool in the whole network accounts for about 25% of the whole network.
3. The upper limit of bitcoin is not the exact figure of 21 million. 21 million is calculated according to the mining rules
in the first four years, 50 pieces were g out every ten minutes: 50 * 6 * 24 * (365 * 4 + 1) = 10519200 pieces
in the second four years, 25 pieces were g out every ten minutes: 25 * 6 * 24 * (365 * 4 + 1) = 5259600 pieces
according to the sum formula of infinite equal ratio sequence, the final total amount is infinitely close to 21038400 pieces (10519200 * 2)
as long as the mining rules are not changed, the number of bitcoins will never exceed 21038400
4.

Bitcoin is a kind of network virtual electronic currency, and its price has experienced roller coaster like ups and downs. It has no physical support, to put it bluntly, a string of computer code. Personally, I think this is a very unreliable thing. The Internet bubble is very big. In November 2013, the price of bitcoin once reached a high level of 8000 yuan / piece. Subsequently, the central bank, together with five ministries and commissions, issued the notice on preventing bitcoin risks, and the price of bitcoin plummeted. Now the price of bitcoin is more than 2300 yuan / piece

Jingxuan finance didn't you send a lot of articles a few days ago. China is now investigating bitcoin. Crash

5. At present, bitcoin is not stable, it is not a good way of payment, it can only be regarded as an investment

the price of bitcoin is determined by supply and demand. When the demand for bitcoin increases, the price of bitcoin rises; As demand decreases, prices fall. At present, only a few bitcoins are in circulation, and new bitcoins are issued at a predictable rate of graal decline, which means that demand must follow this inflation level in order to maintain price stability. Compared with the market scale it may become, bitcoin is still a relatively small market at present. It does not need a lot of money to make the market price fluctuate up and down. Therefore, the price of bitcoin is still very unstable.
6. The so-called 51% attack is to take advantage of bitcoin's ability to use computing power as a competitive condition to cancel the payment transactions that have already taken place

if someone has mastered more than 50% of the computing power, he can find the random number needed for mining blocks faster than others, so he actually has the absolute effective right of which block
he can:
1. Modify his own transaction records, which enables him to make double payments
2. Prevent the block from confirming some or all of the transactions
3. Prevent some or all of the miners from mining into any effective block
7. Gemstones can be obtained by mining. There are nine colors of jewels: red, orange, yellow, green, green, blue, purple, black and white. Except for black and white gemstones, other gemstones can be excavated in Taoyuan Village and other countries' mines. Qin: Ruby Zhao state: Orange Ruby Chu state: Topaz Yan state: Emerald Qi: sapphire Korea: sapphire. Black and white gemstones can be obtained from Luoyi mine. It has the following functions: synthesis of seven color gem, synthesis of night pearl and inlay of seven color gem. The synthesis of seven color gemstones needs seven colors of red, orange, yellow, green, cyan, blue and purple and 1 million yuan of money; To synthesize a night pearl, we need red, orange, yellow, green, green, blue, purple, black and white gemstones and 2 million yuan of money; A wedding ring inlaid with seven color gems needs a wedding ring, seven color gems and a million yuan of money.
8. Let's say that the value of bitcoin is basically equal to the cost of mining, and the server cost is the rent of renting the server for one year. The bitcoin exchange rate is about $1000 a bitcoin. At present, 25 bitcoins are generated in 10 minutes, that is, about $25000 per 10 minutes, 150000 per hour, 3.6 million per day, and about $1.28 billion per year. If you want to maintain 51% of the computing power for one year, that is, you need to increase the computing power equivalent to $1.3 billion of server rent. If we want to maintain the short-term computing power, the price will not necessarily decrease a lot, because the price of short-term renting servers will be much higher. And the current mining machinery is basically ordered directly like the manufacturer, the actual cost is much lower than renting the server. Therefore, the cost of launching a 51% attack on bitcoin is not low
please accept if you are satisfied
9.

It's impossible

this assumption can't exist. Part of the reason for the high value of bitcoin is the consensus. More people have it, so it will be hyped and publicized

If a person really owns 51% of bitcoin, I guess bitcoin may still be as worthless as it was ten years ago

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