Drug BTC

1.

The basic components of drugs are mainly detected and determined in combination with the indicators in the drug instructions and the Chinese Pharmacopoeia. The basic components of different drugs are different

the basic components of a drug are the components that play a major role in drug efficacy, and the others are auxiliary components, which are basically for the sake of drug forming or stable addition, and have no pharmacological effect

drugs are used to prevent, treat and diagnose human diseases, purposefully regulate human physiological functions, and specify substances with indications or functions, usage and dosage, including Chinese herbal medicine, Chinese herbal pieces, Chinese patent medicine, chemical raw materials and their preparations, antibiotics, biochemical drugs, radioactive drugs, serum, vaccines, blood procts and diagnostic drugs

extended information:

according to different jurisdictions, drugs can be divided into OTC and POM. The subtle differences between prescription drugs and over-the-counter drugs vary according to the legal definitions of different countries

in some areas, BTC (behind the counter) drugs can be purchased without a doctor's prescription, but they need to be placed in the area that customers can't see directly in the pharmacy, and can only be sold by pharmacists. Doctors may also prescribe off label use of prescription drugs, that is, uses that have not been recognized by the medical authorities

for patented drugs, countries will require the owner or agent of a certain drug to license the manufacture of drugs under certain circumstances. In most cases, when some urgent infectious diseases are prevalent, or to ensure that some countries with low income can also afford the treatment drugs for diseases such as AIDS drugs

2. Because bitcoin is too risky

3. Yes, blockchain is the core supporting technology of digital cryptocurrency system represented by bitcoin. The core advantage of blockchain technology is decentralization. It can realize point-to-point transaction, coordination and cooperation based on decentralized credit in a distributed system without mutual trust by means of data encryption, time stamp, distributed consensus and economic incentive, so as to solve the common high cost, low cost and low cost of centralized institutions Low efficiency and data storage insecurity provide solutions
the application fields of blockchain include digital currency, token, finance, anti-counterfeiting traceability, privacy protection, supply chain, entertainment, etc. with the popularity of blockchain and bitcoin, many related top domain names have been registered, which has a great impact on the domain name instry.

4. Ankylosing spondylitis (as) is also known as rheumatoid spondylitis. This disease is an aggressive inflammation of the joints and surrounding tissues of the spine. Generally, sacroiliac joint is invaded first, and then, e to the development of the disease, the lumbar spine, thoracic spine and cervical spine are graally involved, and the small joint space is blurred, the fusion disappears, the vertebral osteoporosis is destroyed, and the ligaments are ossified, resulting in spinal ankylosis or hunchback fixation. The main symptoms were pain and limited activity. It is a common disease of unknown etiology

symptoms:
the onset is slow, the systemic symptoms are mild, and there may be fatigue in the early stage, the signs are relieved, or nausea, fever, etc. Graally appear low back pain, muscle spasm and stiffness, symptoms often worsen after rest, rece after activity. After that, typical sacroiliac joint pain graally appeared, and the spine was involved upward. The affected parts were painful, tender, stiff, limited in movement, and flexion deformity graally appeared. The symptoms were increased in cloudy days or after fatigue, and relieved in warm days or after rest. Recurrent iritis often coexists, and some patients may have sciatica. If the lesion affects the costal vertebral joint, there may also be limited or loss of chest expansion ring breathing and intercostal neuralgia
in late stage patients with spinal ankylosis in abnormal position, neck and waist can't rotate, and the whole body must rotate when looking sideways, which can lead to serious hunchback deformity and can't look forward. Sometimes the disease can also affect the hip and knee joints, and when the hip joint is involved, it shows a swing gait. With the bone ankylosis, pain and other symptoms of the affected parts graally disappear, leaving a lifelong deformity

what is ankylosing spondylitis?

5.

No, but it seems that it is difficult to explain in a few simple sentences. Let's study this ark article together

to expose the common myth of bitcoin

bitcoin has been established for more than 11 years and is striving to be widely recognized by institutions. Although constructive criticism is healthy, ark believes that some influential financial research institutions are refuting bitcoin based on outdated information, inconsistent arguments and flawed analysis

in view of Goldman Sachs' recent position on bitcoin, ark is reconsidering the most common misunderstanding, which has affected its acceptance. We look forward to participating in the health and ecational debate on bitcoin, as well as the important role we believe bitcoin should play in a diversified portfolio

According to ark, some influential financial research institutions are refuting bitcoin based on outdated information, inconsistent arguments and flawed analysis

statement: bitcoin is too volatile to serve as a store of value. Counterclaim
: the volatility of bitcoin highlights the credibility of its monetary policy

critics often point out that the volatility of bitcoin is the "value store transaction breaker". Why would anyone want to store the price of an asset in such drastic fluctuations in daily prices

we believe that these critics do not understand why bitcoin fluctuates and why its volatility may decrease

although the fluctuation of bitcoin distracts opponents from evaluating its role as a value storage tool, it actually highlights the credibility of its monetary policy. The impossible trinity is the dilemma of macroeconomic policy. As shown in the figure below, the dilemma assumes that when setting monetary targets, the decision-maker can satisfy two of the three goals instead of three, because the third goal is opposite to one of the first two goals

source: Fangzhou Investment Management Co., Ltd. in 2020, each side of the three difficulties triangle is mutually exclusive. For example, monetary authorities that choose a fixed exchange rate and allow free capital flow cannot control the growth of money supply. Similarly, the monetary authorities that choose fixed exchange rate and control currency can not accommodate the free flow of capital, and the monetary authorities that choose to accommodate the free flow of capital and control money supply can not determine the exchange rate

based on the three dilemmas, we can understand why volatility is the natural result of bitcoin monetary policy. Contrary to the modern central bank, it does not give priority to exchange rate stability. On the contrary, based on the quantitative rules of money, bitcoin limits the growth of money supply, allows the free flow of capital, and abandons the stable exchange rate. As a result, the price of bitcoin is a function of demand relative to its supply. Its volatility is not surprising

that is to say, over time, the volatility of bitcoin is decreasing, as shown below. With the increase of adoption rate, the marginal demand of bitcoin should account for a small proportion of its total network value, so as to rece the price fluctuation. If all other conditions are equal, for example, a new demand of $1 billion with a market value of $10 billion or a network value, the impact of the price of the bitcoin should be greater than a new demand of $1 billion with a network value of $100 billion. Importantly, we believe that volatility should not rule out the main reason why bitcoin is used as a store of value, mainly because it usually occurs at the same time as a sharp rise in price

source: Fangzhou Investment Management Co., Ltd., 2020. Source: coinmetrics

for a long time, the purchasing power of bitcoin has been greatly improved. For example, since 2011, the price of bitcoin has grown at a compound rate of about 200% per year. Although significant changes have taken place in the year, since 2014, the price of bitcoin has appreciated year by year at its lowest price. It's been a good year

source: Fangzhou Investment Management Co., Ltd., 2020. Source: Coinmetrics

claims: bitcoin bubble. Counterclaim
: bitcoin is a competitor for the role of global currency

, some economists like Nouriel Roubini (Nouriel Roubini) believe that bitcoin will suddenly disappear when it is in the bubble. The line of reasoning is that bitcoin has no intrinsic value, and its appreciation depends on speculation, such as a hot potato or tulip game, and the willingness of the "bigger fool" to pay a higher price. They believe that bitcoin is not an investable asset

we believe that this statement eliminates the reason why bitcoin has accumulated value over time. Yes, bitcoin doesn't behave like a traditional investable asset[ 1] The value of equity is determined by discounting the expected cash flow. Given the high future cash flow based on growth and / or investment capital gains, the stock appreciates independently of the shareholder base

However, monetary assets such as bitcoin are unproctive, and their appreciation depends on how they effectively maintain or increase their value over time. In a sense, the value proposition is cyclical: monetary assets will appreciate with the demand of more people, and if it is an effective monetary asset, more people will evaluate it. In other words, "money is a common illusion" and "money is valuable because others think it is valuable"

The claim that the value of money depends entirely on the common illusion, however, indicates that the form of money is arbitrary. In fact, according to monetary history, the most common and sustainable currencies have the quality of maintaining their demand. For example, for thousands of years, because of its scarcity, substitutability and rability, economists have regarded gold as the most successful form of money

we think that bitcoin is usually called digital gold, which not only has many characteristics of gold, but also can improve them. Although bitcoin is rare and rable, it also has the characteristics of divisibility, verifiability, portability and transferability. A series of monetary features of bitcoin endow it with outstanding utility, which is likely to promote demand, and believes that bitcoin is suitable for the role of global digital currency even if it is not superior

we believe that as a suitable competitor for the first batch of global digital currencies, bitcoin should at least attract demand similar to gold. However, contrary to the claim that it is in a huge bubble, the net value (or market value) of bitcoin is less than 2% of gold. p>

prediction is limited in nature, so it cannot be relied on

source: Fangzhou Investment Management Co., Ltd., 2020. Source: coinmetrics

statement: bitcoin will lose the value of fork and digital . Counterclaim
: the value of bitcoin cannot be copied only by software

in the digital field, goods are invisible and can be easily copied without destroying the original goods. Indivials can send word documents extensively by e-mail, for example, while retaining the original . Similarly, thousands of people can listen to a song simultaneously and repeatedly, which actually improves the value of the original work, especially when other songwriters imitate its unique voice

Bitcoin software is no exception. It's free and open source. Indivials can software, "create network branches" and create their own versions. However, skeptics still question how scarce bitcoin will be if it is based on open source software that can be copied indefinitely

first, the bifurcated bitcoin network will not create new bitcoin units, just as the expansion of Venezuela's Bolivar will not add dollars to the US monetary base. Instead, bifurcated bitcoin creates a new network with new units or coins. Although existing bitcoin holders have the right to use new coins, the forked network operates under a set of independent rules supported by a single stakeholder. Open source software does not dilute the money supply of the original network. It not only encourages cheap experiments and new networks, but also encourages new tokens and competitive markets

the scarcity of bitcoin is crucial to its network. Today, the number of bitcoins has reached 18 million, which is measured mathematically to 21 million, as shown below. Each bitcoin is linked to a wallet at a time and cannot be copied. Importantly, the only way to control user bitcoin is to have access to its associated private key

source: Fangzhou Investment Management Co., Ltd., 2020. Source: coinmetrics

so, when it forks, what makes 21 million units in bitcoin network more valuable than 21 million units in bitcoin cash (BCH) or BTC? To equate the value of bitcoin cash with the value of bitcoin is equivalent to assuming that Facebook's source code can "fork" and automatically the value of its 2.6 billion users and 50000 employees. Their value comes from the network effects of bitcoin and Facebook, not just their existence

as far as bitcoin is concerned, we believe that network effects include not only the efforts to protect the hash rate of the blockchain, but also the liquidity of bitcoin and the infrastructure supporting its adoption and use. If it is dilutive, then bifurcations will have to share bitcoin's computing power, users and liquidity. As shown below, bitcoin cash and other bifurcations do not seem to derail bitcoin's network effects

source: Fangzhou Investment Management Co., Ltd., 2020. Source: coinmetrics

claims that bitcoin is for criminals
counterclaim: bitcoin is anti censorship

critics still accuse bitcoin of allowing criminal activities because of its early evil activities. In its early years, bitcoin financed the Silk Road, an online black market platform known for selling illegal drugs

In our opinion, criticizing bitcoin for promoting criminal activities is one of its basic value propositions: censorship. As a neutral technology, bitcoin allows anyone to trade and cannot identify "criminals". It does not rely on centralized permissions to identify participants by name or IP address, but by encrypted digital key and address to distinguish participants, thus giving bitcoin powerful censorship ability. Anyone can trade anytime, anywhere as long as the participants pay the miners. Once secured, the transaction cannot be easily reversed

if criminal activities can be censored on the bitcoin network, then all activities can be censored. On the contrary, bitcoin allows anyone to exchange value globally and without permission. This is not to make it an inherent tool of crime. Phones, cars and the Internet are no less powerful than bitcoin in promoting crime

In other words, it seems that only a small part of bitcoin transactions are for illegal purposes. According to chainalysis, the number of bitcoin transactions related to illegal activities is still less than 1%, which may be a contribution to the transparency of bitcoin. Any user can view the complete history of transactions on the Internet, which shows that physical cash is a better means of illegal activities

6. Dai Ming (not his real name), 26, stares at the computer screen and turns his mouth from time to time. This roller coaster dizzy people, sitting in bitcoin this speeding roller coaster, but become calm
in May, bitcoin climbed all the way, reaching an all-time high of $2760 in the early morning of May 25, with the highest intraday price rising by 130% over the previous month. Dai Ming is familiar with a series of figures. In the previous trading days, bitcoin increased by more than 40%, while this month's increase reached 88%, and the cumulative increase in 2017 exceeded 160%
as a bitcoin player, the sensory stimulation brought by numbers to Dai Ming is indescribable, although he only has 10 bitcoins in his hand
but not long ago, this roller coaster with a speed of life and death started to rush from high to low with the help of potential energy. The international price actually dropped by 30%, which is equivalent to a drop of $900
Dai Ming is no stranger to the number 900. At the beginning of 2015, he just came into contact with bitcoin. At that time, a bitcoin was 2400 yuan. In the blink of an eye, it fell to 900 yuan. Bitcoin brought him a "sour" feeling, let him still remember“ I bought ten. I fell so badly that I panicked. " At that time, he had just graated to work, and it took him one year's salary to buy ten bitcoins
since he came into contact with bitcoin, the price trend is more tortuous than the border line on the map.

7. In the late 20th century, computer technology and communication technology triggered a round of instrial revolution. As a result, computer and communication major has become a popular major in Colleges and universities, People turn their eyes to a new field of vision: Biotechnology

computer instry tycoon Bill Gates asserts that the world's richest man in the 21st century will definitely appear in the field of biotechnology

Nobel Prize winner Yang Zhenning predicts that biotechnology will drive the most prosperous instry in the 21st century

Chinese scientists call for "two bombs and one satellite", China's national development and Reform Commission has clearly pointed out that biomedicine is the instry with the strongest development momentum of biotechnology and the best economic prospects!!!