BTC reduction

1. bitcoin and bitcoin cash (BCH) have the same mining mechanism. Miners will choose whether to dig bitcoin or bitcoin cash according to the level of mining income. It is a normal phenomenon that bitcoin computing power increases and bitcoin cash computing power decreases
in short, it is a redistribution of computing power driven by interests.

2.

Bitcoin is a kind of P2P digital currency

reasons for blocking:

1. Vulnerability of trading platform. The bitcoin network is robust, but the bitcoin trading platform is fragile. Trading platform is usually a website, which will be attacked by hackers or shut down by competent authorities

The transaction confirmation time is long. When bitcoin wallet is first installed, it will consume a lot of time to download historical transaction data blocks. While bitcoin transaction, in order to confirm the accuracy of data, it will take some time to interact with P2P network, and the transaction will be completed only after the whole network is confirmed

The price fluctuates greatly. Due to the intervention of a large number of speculators, the price of bitcoin for cash fluctuates like a roller coaster. Making bitcoin more suitable for speculation rather than anonymous trading

4. The public did not understand the principle, and the traditional financial practitioners resisted. Active netizens understand the principle of P2P network and know that bitcoin has no legal person to manipulate and control. But the public doesn't understand, and many people can't even tell the difference between bitcoin and q-coin“ "No issuer" is the advantage of bitcoin, but in the view of traditional financial practitioners, "no issuer" currency is worthless

extended materials:

the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's idea, the open source software was designed and released, and the P2P network on it was constructed. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system

unlike most 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 uses the design of cryptography to ensure the security of all aspects of currency circulation

the decentralized feature and algorithm of P2P can ensure that it is impossible to artificially control the value of bitcoin by mass manufacturing. 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. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 million

bitcoin can be cashed and converted into the currency of most countries. Users can use bitcoin to buy some virtual items, such as clothes, hats and equipment in online games. As long as someone accepts it, they can also use bitcoin to buy real-life items

on February 26, 2014, Joe Manchin, a Democratic senator from West Virginia, issued an open letter to a number of regulatory authorities of the US federal government, hoping that the relevant authorities would pay attention to the status quo of bitcoin's encouraging illegal activities and disrupting the financial order, and demanded that actions be taken as soon as possible to completely ban the electronic currency

from 12:00 noon on January 24, 2017, China's three major bitcoin platforms officially began to collect transaction fees

3. There are two main reasons for the decrease of bitcoin output of bitcoin miners:

1. With the increase of computing power in the whole network, the proportion of computing power owned by miners in the whole network decreases
2. The generation of bitcoin is slowing down. When bitcoin was born in 2009, each reward was 50 bitcoins. Ten minutes after its birth, the first 50 bitcoins were generated, and the total amount of money at this time is 50. Then bitcoin grew at a rate of about 50 every 10 minutes. When the total amount reaches 10.5 million (50% of 21 million), the bounty will be halved to 25. When the total amount reached 15.75 million (5.25 million new output, or 50% of 1050), the bounty was further halved to 12.5. In theory, bitcoin's mining speed has halved in four years.

4. It's just a reflection

5. Your asset is BTC. If the price of BTC goes up or down, your assets will go up or down. Don't look at the display of RMB, just look at your BTC.

6.

Under the global macroeconomic environment, has bitcoin ushered in the spring? I believe you are not very familiar with bitcoin. I don't know much about how bitcoin works. That's why I don't understand. Let's give you a specific explanation, so that you can understand the future of bitcoin. The following contents can be referred to by friends:

3. Under the impact of the global economy, the speculation space of bitcoin is shrinking step by step:

when the global economic development is relatively good, bitcoin has some room for operation. In fact, it is precisely because of this operation space that bitcoin has been constantly appreciating in recent years. But now the situation has changed, bitcoin is likely to further rece the operating space.

7. The decrease of total assets is too great. That's because the decline is too serious, so it will be like this

8. Yes, there are some accidents, such as forgetting the password of the wallet, losing the wallet, wrong transfer, etc. It's not gone, but it can't be found again.

9. In Greek mythology, everything begins with chaos... Khaos / chaos: the God of chaos. At the beginning of the universe, there was only Kaos, who was a boundless space with nothing. Then Gaea, the mother of the earth, Tartarus, Erebus, NYX and Eros were born, and the world began. Gaea: mother of the earth, daughter of CAOS. As the noumenon of the earth, she gave birth to Uranos, Pontus and ourea. Then she had many gods with her two sons. And Uranus gave birth to Titans, representing the first things in the world (day, month, day, time, justice, memory, etc.) and Pontos gave birth to five children, representing different seas. She is the mother of the gods. Tartarus: the abyss God of hell, son of CAOS. One of the five God of creation, can be said to be the creator of hell underworld, the essence of the abyss. He was born in the earth after Gaia, under Gaia, later and Gaia gave birth to Gaia's youngest son is the monster Typhon. He is an invisible abyss, located at the bottom of the world, and since then he has been the place where demons, monsters and some gods are imprisoned. Zeus kept some Titans in Tartarus. Erebus: God of darkness, son of CAOS. One of the five creation gods, taltaltalos, was born above taltaltalos (underground / below GAIA). The incarnation and noumenon of darkness lie between the earth (GAIA) and the underworld. He and his sister NYX gave birth to three ancient gods: aether, the God of space, Hemera, the God of day, and Charon, the God of Styx. NYX: goddess of the night, daughter of CAOS. One of the five creation gods, erebos was born on the earth (GAIA) after its birth. The incarnation and noumenon of night, she is an old and powerful God. She not only had three children with her brother, but also had a large number of gods on her own. Eros: or Eros. God of love, son of CAOS. One of the five creator gods, born after darkness and darkness. The embodiment of Eros, fertility and sexuality. He is the embodiment of all love (including the same sex and the opposite sex). Uranus: God of heaven. Gaia's eldest son and husband, the first king of God. Overthrown by his son. Pontus: Poseidon, the son and lover of Gaia, the earliest Poseidon. Ourea: Mountain God, Gaia. Cronus: the youngest of the twelve Titan children of Gaia and Uranus. The God of heaven and space overthrew his father and became the second God King. Rhea: one of the twelve Titans, goddess of time. Cronus's wife was a second queen. Oceanus: one of the twelve Titans, God of the oceans and rivers. Gave birth to all the rivers on earth and 3000 sea goddesses. Tethys: one of the twelve Titans, goddess of the sea; The wife of okeanos. Hyperion: one of the twelve Titans, the God of the bright sun. Father of the sun, moon and dawn. Thea: one of the twelve Titans, goddess of treasure, light, and sight; Betrothed to Leon's wife. Mnemosyne: one of the twelve Titans, one of the musas and the God of memory. The fifth wife of Zeus, the mother of the nine Muses. Iapetus: one of the twelve Titans. The father of Artemis, Prometheus, Epimetheus, and menotius. Crius: one of the twelve Titans, the God of growth. Themis: one of the twelve Titans, goddess of order and justice. The second wife of Zeus is the mother of the three goddesses. Phoebe: also known as Phoebe or Phoebe, one of the twelve Titans, mother of Leto and Astria, goddess of the moon. COEUS: one of the twelve Titans, God of darkness and intelligence. Phoebe's husband. Melete: one of the Titans, the twelve Titans, one of the musas of poetry, and the goddess of contemplation. Aoede: one of the Titans, the twelve Titan sisters, one of the musas, singing goddess. Aitna: one of the Titans, twelve Titan sisters, Sicilian volcano goddess. Dione: goddess of the ice sea [another common saying is that she is the daughter of ochanos and Tess. Adanos: one of the Titans, the twelve Titan brothers, the God of judgment. Ostasos: one of the Titans, the twelve Titans, the God of substitution. Andes: one of the Titans, the twelve Titan brothers, and the God of the Andes. Olympros: one of the Titans, the twelve Titan brothers, the God of the holy mountain (the incarnation of Olympus). Atlas: brother of Prometheus. One of the highest and strongest gods. He was punished for his failure to resist Zeus. Prometheus: Son of Iapetus. One of the most intelligent gods is called the prophet. The creator and protector of human beings. Because of his anger, Zeus was locked in the Caucasus mountains. Every day, an eagle pecked at his liver, and then it grew well again, again and again. He was rescued by Hercules. Epimetheus: brother of Prometheus. One of the stupidest gods is called "the hindsight". As a result of receiving the gift of Zeus - Pandora as his wife, from the "Pandora's box", diseases, crimes and other disasters came to the world. Menoetius: brother of Prometheus, God of violence and anger, struck by Zeus with lightning. Metis: goddess of wisdom, daughter of ochanos, first wife of Zeus, mother of Athena. Eurynome: goddess of the sea, daughter of ochanos, third wife of Zeus, and mother of the three goddesses. Leto: goddess of the night, daughter of keus and Phoebe, sixth wife of Zeus, mother of Apollo and Artemis< Zeus: Son of Cronus, king of all gods, in charge of the sky. The Supreme God in Greek mythology, master lightning, so it is also known as the God of thunder. With the support of his mother Rhea, he killed his father Cronus and became the third generation God King. He was very lustful and often had affairs with other goddesses and mortals behind his wife Hera's back. The symbols are eagle, oak, festival stick, throne and mountain peak; His favorite sacrifice was a female goat and a white bull with golden horns. Zeus was born when his father Cronus was in power, and his mother Rhea was afraid that Zeus would be swallowed by his father (Cronus killed his father Uranus to get the throne of the king of the gods, so his father cursed him for being doomed to be killed by his own children, just as he killed his father, so Cronus was afraid of it, As soon as his child was born, he swallowed it in his stomach). Zeus used a stone to replace it and hid him in Crete, where he was raised by three fairies. On the island, a female goat provided him with sacred milk, and an eagle brought him immortal wine; Whenever he cried, Rhea's servants went to the cradle to dance for Zeus, and beat their daggers on the copper shield to cover up his cry, so Cronus never discovered the secret. Zeus thrived day by day on the island. One day, when he was playing with the goat, he accidentally pushed her down and broke a beautiful horn. The fairy, Amartya, rushed to heal her wound. Zeus picked up the horn, gave it magic power, and gave it to the good fairy. This horn has been called "horn of abundance" since then, because it can proce all kinds of delicious food. When Zeus came of age, he saved five brothers and sisters who were swallowed by his father, and together he overthrew his father Cronus, and finally ascended the throne. Hera: daughter of Cronus, sister and wife of Zeus; She is in charge of marriage and childbirth and is the patron saint of women; Hera has elegant temperament, beautiful face, and is loyal to her partner, which is worthy of the status of Queen of heaven. But her jealousy is also famous in the world. Therefore, Hera and Zeus often have fierce quarrels. However, usually Zeus's rhetoric can always make them as good as ever. The symbol is peacock, because this bird with colorful feathers and full of stars is the symbol of the beautiful and spectacular night sky, and the sky is Hera's shining face. Poseidon: King of the sea, second brother of Zeus, husband of Amphitrite, holding a huge Trident and commanding all creatures in the sea. It has been described as half man and half fish, which can call the wind and rain. He is violent and cruel. In Greek mythology, the Poseidon and the Amphitrite couple correspond to Zeus and Hera. Zeus and Poseidon are both famous for their love of having children, and their countless descendants are both gods and mortals. Horses and cattle are his sacred things. He likes horses very much. Therefore, after he ruled the sea, he turned several horses into fish horse hybrids with caudal fins. In this way, they also pull cars for him in the water. Hades: Zeus, Poseidon, the elder brother of Demeter. He is in charge of the underworld. He is powerful but peaceful. He is the most mysterious of all the gods. He reminds people of death, and his real name is rarely called because he always wears a coat, covering his face and body. There is no evil except to snatch Persephone, the spring God, the daughter of Demeter, the goddess of harvest, as his wife. My favorite sacrifice is black ewe or black bull wrapped in black gauze. Poplar is his holy tree. Hestia: goddess of cooking and fire. She is the elder sister of Zeus, the eldest child of Cronus and Gaia. She is in charge of the family affairs of all peoples. One of the three virgin gods. In Greek mythology, there is no detailed record. She is a virgin goddess. Demeter: goddess of fertility, agriculture and forestry, daughter of Cronus and Gaia, second sister and fourth wife of Zeus. She is the goddess in charge of agriculture and fertility, giving life to the earth and teaching human cultivation. She gave birth to Persephone with Zeus. Ares: God of war, born of Zeus and Hera. He is a cruel, cunning, impulsive, irrational God of war. He once had an affair with Aphrodite, the God of beauty and the wife of the God of craftsman. He was put into a large net specially made by the God of craftsman. Vulture is his holy bird, pet animal is dog, there is a saying that it is hound. Athena: goddess of wisdom and war. She is the daughter of Zeus and Medes. Ares symbolizes the cruel and impulsive side of war. As the opposite of her, Athena represents military strategy, and is superior in strategy and wisdom. She was brave, strong, kind and kind, but sometimes she was a little cautious and didn't want others to be better than her. She was born Zeus