The environment of BTC

1. bitcoin is different from the previous currency, it completely relies on the Internet to create and trade; Bitcoin's unique technical attributes lead to its economic and cultural attributes beyond the present currency. Bitcoin is a kind of electronic currency proced by open-source P2P software. Compared with the paper currency in circulation, the biggest feature of bitcoin is decentralization and global circulation in the network world, followed by high security and high confidentiality. These technical attributes further extend to the economic attributes of no inflation, no freezing, and no man-made supply; In terms of culture, bitcoin is popular among anarchists and liberals. The advantages of bitcoin are artificially exaggerated, and its anti inflation and anti inflation functions cannot stand up to scrutiny. In the long run, the prospect of bit is hard to match that of gold. In the most optimistic case, it will become a means of payment in some areas; But in the short and medium term, bit still has room for speculation and imagination. In addition, the use of bitcoin in some sensitive areas highlights the increasingly prominent role of information in national security
1. The advantages of bitcoin are exaggerated: About decentralization, no transaction costs and anti inflation
it is true that bitcoin has various advantages over paper money, but these advantages have been over interpreted. First of all, bitcoin is a kind of decentralized currency, which will not have the same risk of central bank controlling money supply and affecting market value as paper money; Bitcoin is mainly held in the hands of large investors, and the market depth is not enough. At present, the trading behavior of large investors is also very easy to affect the price of bitcoin. Even if the attribute of decentralization is regarded as the advantage of bitcoin when it is fully mature, then the prerequisite of holding decentralization should be added. In addition, there are great differences between centralized and decentralized online payment systems in the degree and type of financial risks they are exposed to
secondly, the low transaction cost of bitcoin is not without transaction cost. On the contrary, e to the increasing difficulty of bitcoin mining and the further stability of currency value, the dependence of relevant transaction platforms on transaction cost will increase, which will certainly increase the transaction cost. Finally, the confidentiality of the bitcoin transaction needs to be discussed. The principle of the bitcoin transaction makes all the processes of each bitcoin transaction stored in each machine. If someone can determine the real background of a transaction, they can find all the transactions down and up through these data
compared with other advantages, anti inflation or anti inflation is the most publicized advantage. Although its supply is stable and the upper limit of supply is locked according to its algorithm, unless the whole world is unified and all countries use bits as currency, it can not prevent the over issuance of money only as a means of payment or a storage of value, just as the current existence of gold can not constrain the growth of each country's currency. If bits can only be used as a means of payment in local areas (such as the network), then global or some countries' inflation will still be transmitted to the areas where bits are used. Therefore, the use of bits to prevent inflation is basically untenable, or has a strong premise. As for anti inflation, that is to say, it has the function of value storage, it needs to have the property similar to gold. However, from the reality, bit's essential property and prospect are still hard to match gold. See below for details
2. Bitcoin's future positioning is too high
the expectation of bitcoin's future in the market generally compares it with gold and US dollar, which is relatively high. The recognition of gold not only lies in its natural physical properties, but also in its official acceptance as a reserve currency (or an important allocation of foreign exchange assets). In theory, bitcoin as an electronic currency does not have the unique and exclusive status, and it is more difficult to become the official reserve of central banks like gold. Therefore, it is not appropriate to expect too much bit. As an electronic currency, bit has the first mover advantage. If it can be guaranteed in terms of security, its most optimistic prospect will be as a means of payment in local areas
3. Speculation and speculative demand caused by event factors are the main reasons for the rise of bitcoin in this round
under the credit currency system, people's lack of confidence in the currencies of various countries and pessimistic economic prospects are the general environment for the rise of bitcoin in this round. The speculation of the major dealers in the market and the derivatives market of bitcoin, together with the speculative psychology of the participants, further accelerated its rise. Btcchina's investment of US $5 million and the announcement of Ben's position are the main driving factors for the recent surge
however, a lot of big players start to enter the market and buy a lot, which not only drives the bit price up to a high level, but also increases the market risk. Chamath, a former Facebook executive, has spent $5 million on bitcoin and plans to spend another $10 million. Bitcoin investment trust also exceeded its target within four weeks, raising $15 million. These people's investments not only make bitcoin further rise, but also concentrate on the holding of bitcoin, which strengthens the influence of indivials and institutions on the price of bitcoin and increases the market risk
4. There is still strong room for speculation in the medium and short term
although our previous analysis is not optimistic about the prospect of bit, it is likely that bit will still have strong room for speculation in such a short and medium term period of time as one year. As mentioned in the previous analysis, the creators of bitcoin advocate that the generation of bitcoin is not manipulated by human factors, which is quite different from the credit currencies of various countries. We expect that the monetary policies of major countries will be divided next year. With the release of economic risks and the heavy damage to traditional asset markets, bitcoin will have better room for speculation and imagination< The use of bitcoin in some sensitive areas highlights the increasingly prominent role of information in national security
the U.S. government seized the drug trading website "Silk Road" at the beginning of last month. A crowdfunding network called "assassination market" even marked the sale of murderers with bitcoin price. The founder of the assassin market, under the pseudonym of kuwabatake Sanjuro, is an extreme anarchist. Both prism gate incident and the use of bitcoin in relevant sensitive fields highlight the increasingly prominent position of information field in national security. The Third Plenary Session proposed the establishment of the national security committee, which will play an important role in China's security strategy and expand from traditional national defense, stability maintenance / urban security to information security and other emerging areas

2.

BTC e-commerce is one of the categories of trading partners, that is, e-commerce of commercial institutions to consumers

this form of e-commerce is generally based on online retail instry, mainly relying on the Internet to carry out online sales activities. BTC is also known as B2C, B2C mode is the earliest e-commerce mode in China

bb2c means that enterprises provide consumers with a new shopping environment through the Internet, online stores, online shopping and online payment. Because this mode saves the time and space of customers and enterprises, and greatly improves the transaction efficiency, especially for busy office workers, this mode can save valuable time

extended data:

e-commerce BTB mode is as follows:

B2B refers to the business mode of data and information exchange and transmission, as well as trading activities between enterprises through private network or Internet. Through the B2B website or mobile client and customers, the enterprise intranet and enterprise procts and services are combined, through the rapid response of the network, to provide better services for customers and promote the business development of enterprises

the Oto mode of e-commerce is as follows:

also known as o2o, namely "online to offline". The core of the Oto business mode is very simple, which is to bring online consumers to real stores, pay online to buy offline goods and services, and then enjoy offline services

source of reference: network BTC

3.

BTC (business to customer)

also known as B2C, e-commerce according to a classification of trading partners, that is, commercial institutions to consumers of e-commerce. This form of e-commerce is generally based on the network retail instry, mainly with the help of the Internet to carry out online sales activities

B2C mode is the earliest e-commerce mode in China, marked by the formal operation of 8848 online mall. B2C means that enterprises provide consumers with a new shopping environment through the Internet - online store, where consumers shop online and pay online

because this mode saves the time and space of customers and enterprises, and greatly improves the transaction efficiency, especially for busy office workers, this mode can save valuable time

two BTB (business to business)

also known as B2B, refers to a kind of Internet market, which is the marketing relationship between enterprises. It combines the intranet with customers through B2B website, and provides better service for customers through the rapid response of the network, so as to promote the business development of enterprises. In recent years, B2B develops rapidly and tends to be mature

three otos (online to offline)

also known as o2o, namely "online to offline". The core of the business model of oto is very simple, which is to bring online consumers to real stores, pay online to buy offline goods and services, and then enjoy offline services

extended materials:

e-commerce is a business activity with information network technology as the means and commodity exchange as the center; It can also be understood as the activities of trading activities and related services in the form of electronic transactions on the Internet, intranet and value-added network. It is the electronization, networking and informatization of all aspects of traditional business activities

e-commerce usually refers to a wide range of business and trade activities all over the world, in the Internet open network environment, based on Browser / server application mode,

buyers and sellers do not meet each other to carry out a variety of business activities, to achieve consumer online shopping, online transactions and online electronic payment between merchants, as well as a variety of business activities, trading activities Financial activities and related integrated service activities are a new business operation mode

governments, scholars and business people in various countries have given many different definitions according to their own status and different angles and degrees of participation in e-commerce. E-commerce is divided into ABC, B2B, B2C, C2C, B2M, M2C, B2A (B2G), C2A (C2G), o2o, etc

At the same time, network marketing is also a proct of e-commerce, and for network marketing, it is necessary to make a good network marketing plan before doing it, so as to facilitate the implementation of the plan

since October 1, 2018, the Ministry of finance, the State Administration of Taxation, the Ministry of Commerce and the General Administration of customs have jointly issued the new regulations on tax exemption for e-commerce export enterprises in the comprehensive pilot zone of cross border e-commerce

4. This is where the myth of bitcoin really takes over. According to legend, Satoshi Nakamoto, an unknown person, released an agreement on the digital point-to-point system of decentralized digital currency on October 31, 2008. I urge you to read this short and wonderful paper. While the idea behind bitcoin is revolutionary, it can now begin to make more sense in the context of all other systems, not all of them. Bitcoin proposed blockchain as a synchronous network to solve the probability consensus. According to BFT, from having less than 50% of the total network hash rate of Byzantine rivals Security is achieved in different ways than other historical protocols. Blockchain is designed to support availability rather than consistency, and can support thousands of distributed nodes. The cost of decentralization is much lower throughput in terms of transactions per second (TPS).

5. BTC (business to customer), also known as B2C, is one of the categories of e-commerce according to the trading partners, which means the e-commerce of commercial institutions to consumers. This form of e-commerce is generally based on the network retail instry, mainly with the help of the Internet to carry out online sales activities. B2C mode is the earliest e-commerce mode in China, marked by the formal operation of 8848 online mall. B2C means that enterprises provide consumers with a new shopping environment through the Internet - online store, where consumers shop online and pay online. Because this mode saves the time and space of customers and enterprises, and greatly improves the transaction efficiency, especially for busy office workers, this mode can save valuable time

BTB (business to business), also known as B2B, refers to a kind of Internet market, which is the marketing relationship between enterprises. It combines the intranet with customers through B2B website, and provides better service for customers through the rapid response of the network, so as to promote the business development of enterprises. In recent years, B2B develops rapidly and tends to be mature

the main reason is that the objects are different< br />

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. Bitcoin consumes a lot of electricity, but it doesn't take up power resources. At present, China's mines basically use the local surplus electricity that can't be transported. Environmental damage is bullshit. For example, can a computer cause environmental damage? The bitcoin network world is like thousands of computers running.