Bitcoinbtc team
Invisible bitcoin can not only make people rich or poor overnight, but also bring people worry about their lives
According to Ukrainian media reports quoted by the daily telegraph, on Tuesday (December 26), Pavel Lerner, CEO of the British bitcoin exchange exmo, was kidnapped after leaving his office in Kiev, Ukraine, and dragged into a black galloping car by a group of masked peopleafter the above news came out, a spokesperson of exmo told the daily telegraph that we are doing our best to speed up the search for Lerner and welcome all clues from the outside world. Exmo's business is running as usual and all users' funds are absolutely safe. According to the company's official website, the platform has more than 900000 users
after the kidnapping incident attracted public attention, exmo also announced on official twitter on Thursday that it had been attacked by DDoS (distributed denial of service) with the intention of destroying platform transactions
according to Wall Street reports, at the beginning of this month, when bitcoin rose to more than US $13000, the payment system of nice hash, the world's largest digital currency mining platform, was hacked and bitcoin in users' wallets was stolen. Bitcoin millionaire, a bitcoin information website, has since estimated that as many as 4736 bitcoins were stolen by hackers, with a total value of more than $62 million
interestingly, as a foreign netizen imagined, after the kidnappers received the ransom, if bitcoin continued to appreciate, it would be OK. If bitcoin collapsed before the gloves turned, wouldn't it be a "huge loss"
In fact, this is also the old question in the minds of many investors - how long can bitcoin's investment boom last On December 2, when talking about bitcoin in public activities, pan Gongsheng, vice governor of the people's Bank of China, said that it was a decisive and correct decision for regulators to shut down bitcoin trading platform and stop ICO a few months ago According to BBC news, on December 14, Andrew Bailey, CEO of the financial conct authority (FCA), the UK's top regulator, issued a warning to investors, saying that bitcoin buyers should be ready for "full compensation". Bitcoin lacks the endorsement and support of the government and the central bank, and its risk level is the same as gambling, he saidon Thursday (December 28), the South Korean government announced the countermeasures to combat virtual currency speculation, and considered closing some virtual currency transactions, so as to curb excessive speculation. In addition, the South Korean government has decided to implement the real name system of virtual currency trading and expand the investigation authority of the Fair Trade Commission, the anti-monopoly law enforcement agency
In a statement, the South Korean government said that cryptocurrency speculation in South Korea has gone too far and has become irrational, according to the report. The government can no longer allow abnormal speculation to developthe Indian authorities also issued a warning. On Friday, India's finance ministry warned investors about the risks of cryptocurrencies such as bitcoin, saying digital currency investments look like a Ponzi scheme, Reuters reported. In a statement, India's Ministry of Finance said investors and other participants in digital currency transactions were "entirely at their own risk" and advised that it was best to avoid such investments
but from the perspective of optimists, bitcoin is not as static as gold. As a virtual currency, its software code is constantly developing, and its functions can be constantly adjusted, improved and updated, and its value can be realized in unimaginable ways, such as, Many bitcoin fans are looking forward to bitcoin's "lightning network" (an improved way to facilitate payment). If bitcoin gets more attractive functions in the process of continuous evolution, people can even use it for convenient and fast cross-border payment
according to China Securities Journal, based on the sustainability of bitcoin development, bitcoin supporters believe that even if the market value of cryptocurrency expands to 20 times the current value, the market will not go crazy. However, as far as bitcoin itself is concerned, with more and more new technologies coming out, bitcoin's share in the cryptocurrency market will show a downward trend in the future
Hong shuning, a senior researcher of Suning Institute of financial research, recently wrote an article, imagining two situations of "truly killing bitcoin":first, all bitcoin development teams are conservative and complacent, no longer absorbing the latest scientific and technological achievements to improve themselves, resulting in the emergence of a new digital currency with all aspects of technical indicators exceeding bitcoin, It is widely accepted by the society and then replaces bitcoin. This is the failure of bitcoin, but also the success of virtual digital currency
Second, there are serious loopholes in the bitcoin protocol or wallet software, which lead to the security of the whole bitcoin system can not be guaranteed, a large area of funds are stolen, sold at a low price and uncontrollable in the short term, and the social confidence in bitcoin is completely lost
so. In this world, money is easy to use
at the end of 2010, Nakamoto left the project and did not disclose much about his identity. Since then, many developers have devoted themselves to bitcoin projects, and the bitcoin community has grown rapidly
bitcoin's protocols and software are publicly released. Any developer around the world can view its code or develop their own modified version of bitcoin software. Just like current developers, Nakamoto's influence is limited to the changes he makes that are adopted by others. Therefore, Nakamoto does not control bitcoin. So, today, the question of the identity of the inventor of bitcoin may be the same as that of the inventor of paper< At present, the bitcoin foundation is mainly responsible for the development and maintenance of bitcoin projects
bitcoin is proced by mining. Mining is also a very professional work. At present, bitcoin mining needs professional ASIC miner, such as Avalon three generation single-mode miner.
Hayek studied business cycle theory and monetary theory with his teacher Mises early in his academic career. In 1931, he published "price and proction". Because the proposition in the book is contrary to Keynes's "on money" published a year ago, they launched a debate
The most typical example of
is gold and silver. For a long time, gold and silver were the common currency in the world. The hard currency of trade in all countries did not belong to any one country. Even in the era of gold standard, the state issues legal paper money, but legal paper money is still anchored by the free competition of gold. Gold circulates freely in the world and is more rigid than paper money
There are at least three reasons that lead to the existence of a large number of competitive currencies:one is the existence of multi-level market, because the metal currency is not easy to cut, super zero denomination currency and silver currency coexist
In the 18th and 19th centuries, there were long-standing high-ranking gold coins in Bangladesh, such as mulu, Sika rupee, middle akut rupee, and low ranking copper coins and BEIBI coins. Because silver coins are not easy to cut, a large number of shell coins with zero denomination are needed in remote areas and small exchangethis situation existed for a long time in ancient China, and the copper coin standard lasted for more than a thousand years in ancient China, but the iron coin also circulated for a long time (such as the Song Dynasty), and the face value of iron coin was smaller than that of copper coin. In the Qing Dynasty, with the discovery of Potosi silver mine in South America, a large number of silver coins flowed into China. Around 1730, the use of silver and money accounted for half of the transactions. Compared with copper coin, silver coin has a larger denomination, which is convenient for large transaction and solves the problem that copper coin is not easy to transport
The second is seasonal deflation, and private coins balance market demandin the agricultural era, the transaction volume of agricultural procts accounted for a large proportion, and a large amount of money was used for agricultural procts transaction. However, agricultural procts have obvious seasonality, and the transportation and supply of metal money is extremely inconvenient, so the problem of insufficient money often appears in the harvest season. In his book, Professor Kuroda cites the example of Quanzhou, Fujian Province, China in 1606. The original inventory management money could not meet the rice trade, so the private money was imported to meet the market demand to balance supply and demand. This kind of situation happens every year in China. Every year, it is the peak of money demand near the Spring Festival. The central bank will release part of liquidity to balance supply and demand
Thirdly, metal currency is a kind of deflation currency, which circulates a variety of currencies in regional and specific areas In his book, Professor Kuroda cites Nadina Jebel's case, "the transactions of grains such as rice are used for sonoto silver coins, the transactions of oils and fats are only used for French akote rupees or British akote rupees, and the transactions of flax are only used for French akote rupees." At the beginning of the 20th century, in China, all kinds of silver coins were circulated in Jiujiang, Jiangxi Province. Mexican silver coins were used for the export of tea and porcelain procts in Shanghai, and silver coins issued locally in Jiangsu Province were used for the trade of local markets such as tobacco or beans. There are also silver bills used in Shanxi business circle, and various copper coins used in the coin community around the China Sea, including Japan, North Korea, Southeast Asia and other countriesthe problems of metal currency in multi-level market, seasonal deflation, regionality and specific fields do not exist in today's credit currency era. Many of the competitive currencies listed by Professor Kuroda also disappeared in the globalization of silver coins and the legal tender system
therefore, the monetary pattern of countries in the world we see today is one country one currency, which is legally issued by the state monopoly
Zhiben society is a hard core learning society that listens to hard lessons, reads hard books and reads hard texts. Wechat search "benshe" (ID: benshe0-1) to learn more in-depth contentnow, two of the three core members of the core team are BS employees, which has been criticized by people all the time. In particular, the core team refused to expand the capacity of the main chain, set the block size of the main chain to 1m, and took on the function of the main chain through the side chain lightning network to solve the problem of bitcoin transaction congestion. This scheme is resisted in the bitcoin community. The side chain lightning network can only be used as a supplement to the main chain, and it is unacceptable to replace the main chain.
In the past 24 hours, more than 110000 people in bitcoin have burst their positions, and 5.8 billion funds have been swallowed. In fact, I think the team is cutting leeks. In fact, the decline of bitcoin can be met in advance, and nothing can prosper all the time, So for most people, they still need to maintain a rational attitude to buy some funds or stocks and bonds. If it becomes a state of large-scale loss, then their money will be tied up, which is certainly not very good for them. Our attitude towards bitcoin is that it will not decline, it will only rise, So most people may not consider this situation and put all their money into it, but in such a situation, if the institutions withdraw their funds, they will inevitably face a lot of capital losses of retail investors
however, in the face of such a situation, we must understand that not all such things can have an answer, such as this kind of irregular things. As an ordinary investor, if we want to buy opportunistically, we may have to bear a greater risk, but in the face of the relative institutional investment, They may take less risk, because the risk they need to take is actually created by them. For most institutions, if they want to go up in the last stock, the probability of the stock's rise may be much greater than the probability of its decline. As for bitcoin, more than 110000 people burst their positions in the past 24 hours and 5.8 billion funds were swallowed, losing money in succession, in fact, I think the team is cutting leeks
Chief executive officer (CEO) and co-founder of bitcoin China: Bob Lee
Bob Lee started his career in Silicon Valley and first worked as a software engineer at Yahoo! The first is to do online community on the Internet
in 2006, Bob Lee moved to Shanghai, China and served as the director of EMC software engineering in Greater China (EMC manufacturer is an innovative cloud computing and cloud storage solution provider). After that, he became chief technology officer of SMG (China's leading IPTV company with the largest user base in the world). Before joining bitcoin China, he worked as vice president of e-commerce technology of Wal Mart in China. Bob Lee graated from Stanford University with a bachelor's degree and a master's degree in computer science. Meanwhile, he completed his global EMBA program at CEIBS. In his spare time, he likes traveling, photographing, watching movies and playing cards