Bitcoin logarithmic scale

1.

The earliest is a kind of network virtual currency. It is characterized by decentralization, anonymity, and can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Therefore, it is used as a money laundering tool by some criminals. In 2013, the U.S. government recognized the legal status of bitcoin, making the price of bitcoin soar

< H2 > extended information:

bitcoin is e-cash similar to e-mail. Both parties need "bitcoin wallet" similar to e-mail and "bitcoin address" similar to e-mail address. Just like sending and receiving e-mail, the remitter pays bitcoin directly to the other party through a computer or smart phone according to the recipient's address

starting from the essence of bitcoin, the essence of bitcoin is actually a special solution generated by a bunch of complex algorithms. A special solution is one of the infinite (in fact, bitcoin is finite) solutions that can be obtained from the equations. Every particular solution can solve the equation and is unique

many websites for technology players have begun to accept bitcoin transactions. Websites such as mtgox and btcchina, as well as some Taobao stores, can even accept services such as bitcoin exchange for us dollars and euro. There is no doubt that bitcoin has become a real currency in circulation, rather than a virtual currency like Tencent Q coin

2.

Bitcoin, English name bitcoin, is a digital currency based on blockchain technology, which is composed of a series of computer-generated complex codes. Like RMB's ￥ and US dollar's $, bitcoin has its own symbol, the "B" in the figure below

The inventor of

bitcoin is Nakamoto. Satoshi Nakamoto is the creator of bitcoin protocol and its related software bitcoin QT. In 2008, he published a paper called "bitcoin: a peer-to-peer electronic cash system", describing an electronic currency and its algorithm that he called "bitcoin"

In 2009, he released the first bitcoin software and officially launched the bitcoin financial system

In 2010, he graally faded out and handed over the project to other members of the bitcoin community

Nakamoto is believed to hold about one million bitcoins. If the price of each bitcoin was $2W, it was worth $20 billion at one time. So far, his true identity is still unknown to the outside world, that is to say, no one knows who Nakamoto is

bitcoin appeared after the global financial crisis in 2008. In fact, before that, many people have tried electronic currency, digital currency and virtual currency, but they have not succeeded. There are not only technical reasons, but also social environment and economic background reasons. To some extent, it was the 2008 financial crisis that gave birth to bitcoin

3.

Bitcoin is a kind of virtual encrypted digital currency in the form of P2P. Different from all currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, And the use of cryptography design to ensure the security of all aspects of money circulation. However, on September 4, 2017, the central bank and other seven ministries and commissions announced that virtual currency trading is prohibited in China, and bitcoin is prohibited from circulating in China

according to the first article of the notice on preventing the financing risks of token issuance, we should accurately understand the essential attributes of token issuance financing activities. Token issuance financing refers to the illegal sale and circulation of tokens by the financing subject to raise the so-called virtual currency such as bitcoin and ether coin from investors. In essence, it is an unauthorized illegal public financing behavior, which is suspected of illegal sale of token bills, illegal issuance of securities, illegal fund-raising, financial fraud, pyramid schemes and other illegal criminal activities

Relevant departments will closely monitor relevant developments, strengthen cooperation with judicial departments and local governments, strictly enforce the law in accordance with the current working mechanism, and resolutely deal with market chaos. If suspected crimes are found, they will be transferred to judicial organs. The token or "virtual currency" used in token issuance financing is not issued by the monetary authority, does not have such monetary attributes as legal compensation and compulsion, does not have the same legal status as currency, and cannot and should not be used as currency in the market

extended information:

Article 3 of the announcement on preventing the financing risk of token issuance strengthens the management of token financing trading platform. From the date of this announcement, any so-called token financing trading platform shall not engage in the exchange business between legal tender and token and "virtual currency", nor buy or sell token or "virtual currency" as a central counterpart, nor provide pricing, information intermediary and other services for token or "virtual currency"

for the token financing trading platform with illegal problems, the financial management department will request the competent department of telecommunications to close its website platform and mobile app according to law, request the network information department to remove the mobile app from the app store, and request the instrial and commercial administration department to revoke its business license according to law

Article 4 financial institutions and non bank payment institutions shall not carry out business related to token issuance financing transactions. All financial institutions and non bank payment institutions shall not directly or indirectly provide procts or services such as account opening, registration, trading, clearing and settlement for token issuance and financing and "virtual currency", nor undertake 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

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: December 17, 2020. Please refer to the official website of Ping An Bank for the latest business changes
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5.

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>

6. Hello, the blanking size of the cylinder of pressure vessel, taking the circular cylinder as an example, can be expanded according to the middle diameter, that is, the inner diameter of the cylinder plus the wall thickness of the cylinder, and then the cutting or machining allowance is the blanking size
for example, for a cylinder section with 1m inner diameter, 500mm long and 16mm thick, after blanking, it is necessary to leave 20mm allowance in the length direction, then the blanking calculation size is: Expanded (1000 + 16) * 3.14 = 3190
final blanking size: 3190 * 520

7. Different stocks are going up because of their good performance, that is to say, the strength of the company is improving and becoming more and more valuable. Virtual currency is going up because it is as rare as stamps. One hundred sets of this one is not available, so it's expensive. But the question is, does anyone accept the offer? In case there are many virtual currencies coming out tomorrow, XX currency, XXX currency, that is, the number of bitcoins is certain It's not like gold. There's so much gold. But virtual currency is virtual code. It says that writing can write gold. Can you make it more? So virtual currency is not the mainstream, but the most auxiliary thing. The value is not too high. Don't think that people are good when they buy. People follow too much. In the past, Auntie was crazy when she bought gold. Now why is she rational Money ah, stocks, migrant workers have bought stocks, and now how not to buy or lose money, real estate is also the same, and so many years after the collapse will be rational

8.

In economics, the functions of money are divided into five categories: circulation means, value measure, payment means, storage means and world money. I will mainly analyze whether bitcoin has the property of full circulation by combining these five aspects

we all know about bitcoin, even if we haven't touched it. In 2017, bitcoin became popular again. The last time I vaguely remember it was 2013. In the second half of 2013, bitcoin rose from US $100 to the highest of more than 1100, more than 10 times. Such a rise killed all markets and attracted countless people to start panning for gold and become miners

briefly describe bitcoin. Bitcoin is a kind of "electronic currency", which is composed of a series of complex codes generated by a computer. New bitcoin is manufactured through preset programs. With the increase of the total amount of bitcoin, the speed of new coin manufacturing slows down. There is a strict constraint on bitcoin, that is, the maximum amount of bitcoin is only 21 million. Due to the 21 million restrictions, bitcoin has been used to fight against inflation. Since the 2008 financial crisis, central banks around the world have implemented extremely loose monetary policies in order to stimulate the economy. Throughout the next 5000 years, there has been no interest rate lower than those in recent years

In recent years, more and more countries, institutions and indivials have begun to accept this emerging currency. At the end of June 2013, after the German parliament decided that bitcoin would be tax-free if it was held for more than one year, bitcoin was recognized as the "unit of account" by the German Ministry of finance, which means that bitcoin has been regarded as legal currency in Germany and can be used to pay taxes and engage in trade activities. In August 2013, judge Amos mazant of Texas District Court ruled in a case of bitcoin virtual hedge fund that bitcoin is a kind of currency and should be included in the scope of financial regulations. In China, the regulations on the administration of RMB prohibit the proction and sale of token tickets. Because there is no clear judicial interpretation of the definition of token ticket, if bitcoin is included in the "token ticket", the legal prospect of bitcoin in China is facing uncertainty, and there is still a long way to go for domestic acceptance of bitcoin

the convenience and secrecy of circulation make bitcoin the best tool for money laundering, and many illegal transactions also begin to use bitcoin, which has become a major obstacle for bitcoin to become a full circulation currency

the two aspects of value scale and storage means are the hard wounds of bitcoin

first of all, the storage means, the attribute of bitcoin e-currency is that it can only exist in the computer hard disk and must rely on the Internet. The first problem is the Internet security. During this period, bitcoin blackmail virus broke out. A few years ago, someone mistakenly lost a hard disk and 7500 bitcoins, worth 50 million yuan at that time. For various reasons, people have to worry about whether bitcoin can have a safe storage property. Compared with the absolutely safe legal tender in the bank, bitcoin has great insecurity. In many cases, the storage method of bitcoin is far worse than that of gold. In extreme cases, only gold is the real currency

finally, there is the value scale. Bitcoin basically does not have the attribute of value scale. Bitcoin's main characteristic is limited supply, which determines that it can only be a non mainstream currency in the end. This characteristic is similar to gold. The gold standard is eventually abandoned by the whole world. The currency with limited supply can not keep up with the development of proctivity, and can only bring about deflation, which will seriously hinder economic development and eventually become a non mainstream variety. Moreover, the value of bitcoin itself is very unstable, and it is very easy to rise and fall sharply. In the macro economy, if a country's currency often rises and falls sharply, the unstable value of bitcoin can not be favored by people. As of today, the price of a bitcoin is 1800usd, and the market value of the whole market is 21 million bitcoins, which is 37.8 billion US dollars. A market with less than 40 billion US dollars is very easy to be manipulated by big funds. You can't even spend a little of 40 billion US dollars in the global foreign exchange market. The daily trading volume of the foreign exchange market is about 5 trillion US dollars. The small trading volume makes bitcoin a speculative thing. The CFTC defines bitcoin as a commodity rather than a currency. In recent years, most of the trading volume of bitcoin was created by Chinese people. It is generally acknowledged that Chinese people are fond of gambling. In addition, e to the domestic macro-economic reasons, they have been in the high-risk and low-income market environment, and capital control has led to a large amount of liquidity, so one by one, they are in a hot fire. So the current property of bitcoin is a trading target that can be used for speculation and money laundering

Kissinger once said: whoever controls the right to issue currency controls the world

I can't help but wonder: will global central banks be allowed to be challenged with such a core right as the right to issue money? In particular, the U.S. dollar is the core interest of the United States. All that the United States has done in its grand strategy is to keep the U.S. dollar as a global hegemonic currency. Throughout history, no one who challenges the U.S. dollar will come to a good end. Bitcoin's safety at present only shows that global central banks have not paid attention to it at all. They may have known that bitcoin can't be a currency for a long time. If Saudi Arabia announces that crude oil will be settled in bitcoin one day, when bitcoin is dried up by the United States and there is no resie left, it is OK for miners to speculate, but if they want to challenge the mainstream currency, it is the time of death

Bitcoin may be an attempt or experiment in human society, but I don't think it will become a currency, let alone a speculative commodity

the last warm tip: bitcoin trading has high risk and high return, so do not rush into this market

9.

The basic types of statistical chart are:

(1) bar chart: also known as straight bar chart, which represents the situation of independent indicators in different stages, with two or more dimensions, and the legend is located at the top right{ RRRRR}

< H2 > extended data

statistical charts are all kinds of graphics drawn with geometric figures, object images and maps according to statistics. It is intuitive, vivid, concrete and so on. Statistical chart can simplify, popularize and visualize complex statistics, make people clear at a glance, and facilitate understanding and comparison. Therefore, statistical chart plays an important role in the collation and analysis of statistical data, and has been widely used. When answering the questions about statistical chart in data analysis test, we should not only examine the visual image of the chart, but also check the data, so as not to be confused by the surface image

< H2 > reference network statistical chart