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Is it safe to decentralize bitcoin

Publish: 2021-04-21 08:14:46
1.

bitcoin is just a game. If it is promoted as a tool to get rich, it can be regarded as a fraud. Just like the currency in other online games, the only difference is that bitcoin has been standardized since the game was first formulated. It can't be issued indiscriminately, so it can keep its value better than other virtual game props. It is equivalent to the online collection. Bitcoin is a prop in the game, and its value is reflected in the recognition of bitcoin by players: more people play, the value of props in the game is higher; The risk is that he is not the only game, and his algorithm is not the only one. Maybe someone will be able to make other special coins soon. All you need to do is promote the game and sell your props. As for money, bitcoin does not have the basic attributes of money, such as unfair initial distribution and insecure circulation. Money needs to be maintained by the state machine

< H2 > extended materials:

the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's ideas, the open source software and the P2P network on it were designed and released. 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 to issue. It is generated by a large number of calculations based on specific algorithms. 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

1. Bitcoin (bitcoin) is a kind of network virtual currency, which can buy real-life goods. 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

2. On January 7, 2014, Taobao announced that it would ban the sale of Internet virtual currencies such as bitcoin and lightcoin from January 14. On February 26, 2014, Democratic Senator Joe Manchin of West Virginia issued an open letter to a number of regulatory authorities of the federal government of the United States, hoping that relevant institutions would pay attention to the status quo of bitcoin encouraging illegal activities and disrupting the financial order, and demanded that actions be taken as soon as possible to completely ban the electronic currency

3. On May 12, 2017, a global outbreak of bitcoin virus madly attacked public and commercial systems! Nearly 74 countries in the world have been seriously attacked

4. From August 1, 2017, global bitcoin trading platform will suspend recharge and withdrawal services. Bitcoin China digital asset trading platform will stop new user registration on September 14, and all trading businesses will be stopped on September 30

< H2 > reference materials:

network bitcoin

2. Bitcoin is valuable under certain circumstances, but it is worthless under certain circumstances. Because it's not legal tender. It is impossible for any country to get the right to issue legal tender to use any mining machine. Bitcoin is just a virtual number. While it's still possible to change money, change it quickly! It's too late to wait until it's worthless at the end.
3. This is not necessarily true. After all, it is a digital cryptocurrency, each of which is separate and not stored on the website.
4. At present, it seems to be more insecure than the bank, whether it is stored on a computer or in a physical wallet, it is not as secure as the bank. Better for hackers to steal.
5. The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system

unlike 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 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 currency 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 information is for reference only and does not constitute any investment suggestions
② there are risks in entering the market, so investment should be cautious
response time: February 5, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
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6. It should be treasure money., I feel like a good one °
7.

Bitcoin is a kind of encrypted digital asset protected by cryptography, without the participation of centralized institutions. It has been running steadily since 2009 and has become one of the important investment targets of global investors. Many investors are very interested in bitcoin investment. The entry process of bitcoin and some investment procts is slightly different. The address of bitcoin blockchain is decentralized, so there is no account opening step. However, purchasing Mai bitcoin with bitcoin requires the assistance of some third-party platforms

at present, there are relatively large platforms in China, such as okex, fire coin and coin security. I have been in and out of money for many times in these platforms. Let's introce my experience of buying Mai bitcoin in these exchanges.

before the introction, I need to explain one premise: the security of Mai bitcoin is divided into two aspects: one is asset security, which basically won't cause any problems when I choose the three major domestic exchanges; the other is capital security, in other words, Is to rece as much as possible with the flow of black money bank card transactions. Because it's easy to freeze their bank cards, each exchange has a different strategy

1、OKEx: https://www.okex.me/buy-crypto/cny

okex is the exchange that I use the most Mai currency. I have been in okexmai currency since 18 years. Most of the time, I have had a good experience of Mai currency. I only encountered the problem of freezing okex account (not bank card freezing) once in my impression. However, OK customer service also helped me understand the freezing process very quickly. This is my first contact with OK customer service, Good attitude and high efficiency< it can be seen from the side that okex has done a lot of work in the prevention and control of black money. Moreover, in recent years, there are few card freezing incidents in okex. Today, the black money in the exchange is increasingly rampant, okex has done quite well

in terms of user experience, the function of one click Mai is more suitable for Xiao. When using this function, you don't need to select the businesses that meet the standard in the list of businesses. It's more convenient. At present, when you do activities, you will get a 20 yuan reward when you buy Mai for the first time

in addition, okex is a first-line exchange with a large user base. Mai currency supports wechat, and ZFB buys Mai with zero handling charge. If you've just come into contact with bitcoin, it's a quick and safe choice in okexmai

However, the weakness is that okex has little support for foreign currencies. Except for RMB, only the Vietnamese Dong and Indian Rupee have depth. The Mai currency entrance of other countries' currencies is only the interface of other cooperation platforms

2 https://www.huobi.com/zh-cn/

the exchange's legal currency trading plate is deep enough, and there are many powerful businesses with good experience. Support the purchase of Mai bitcoin with multi currency. In addition, the process of making Mai coins is relatively smooth and can be completed in a few minutes

however, e to the good user experience of fire coin, black and gray procts will also choose fire coin as a channel for money laundering. fire coin has been updating its risk control strategy to intercept black money accounts. However, at present, it seems that the effect may not be so good, and the freezing card incident continues. Friends who pay close attention to the digital money market may understand that a large-scale freeze occurred in early June, and many users' bank cards were frozen. Therefore, we should be a little more cautious when using Mai coins on this platform, try to choose the ranked merchants, and rece the probability of being frozen.

3 https://www.binance.com/cn

the trading plate of currency security legal currency started late, and the accumulation was not enough. Frankly speaking, the depth and experience of legal currency trading is quite different from that of okex and fire currency< Strong>, especially the t+1 strategy of currency, which is Mai currency, will make complaints about money in a day. This system has been thrown into the trap by too many people, because this is obviously a "one size fits all" strategy with insufficient technical capability.

however, even if there are many slots, coin an is slightly better than the second and third tier exchanges in terms of asset security. Users who trade in coin an can also try to buy Mai bitcoin in coin an

finally, based on the above factors, it is suggested that okex is the first choice for Mai bitcoin, fire coin is the second choice, and coin security is not recommended

8. Bitcoin China is currently the world's largest bitcoin trading market,
is safe and can be traded with confidence
in addition, you can also trade on bitcoin website. Besides bitcoin, there are many other virtual currencies, which can diversify investment
transaction website:
https://bter.com/ref/24084
9. Litecoin is a kind of network currency based on "peer-to-peer" technology, which can help users pay to anyone in the world immediately. At present, lightcoin is the second virtual currency after bitcoin in global circulation market value. The legends of bitcoin, Wright silver, infinite copper and pennies aluminum (Internet) are popular in the circle. The popular digital currencies in 2013 include bitcoin, Leyte coin, zeta coin, pennies (Internet), invisible gold bar, red coin, pole coin, BBQ coin and prime currency. At present, hundreds of digital currencies are issued all over the world. Litecoin is inspired by bitcoin (BTC), and has the same implementation principle in technology. The creation and transfer of litecoin is based on an open source encryption protocol, which is not managed by any central authority. Litecoin aims to improve bitcoin. Compared with bitcoin, litecoin has three significant differences. First, the liteoin network can process a block every 2.5 minutes (instead of 10 minutes), so it can provide faster transaction confirmation. Second, the output of litecoin network is expected to be 84 million litecoin, which is four times the amount of currency issued by bitcoin network. Thirdly, the scrypt encryption algorithm first proposed by Colin Percival is used in litcoin's workload proof algorithm, which makes it easier to mine litcoin on ordinary computer than bitcoin. Each litecain is divided into 100000000 smaller units, defined by eight decimal places. Lightcoin needs to be generated by "miner's mining". Mining is done by hashing with computer graphics card. If the value of "mine burst" is calculated, the system will reward 50 lightcoin at one time. At present, the computing power of lightcoin is growing rapidly, and miner can't dig mine through several computers. Therefore, it needs to be added to the mine pool, which collects all the computing power, It is estimated that the probability of calculating the "blasting" value is higher. At present, the well-known ore pools abroad include: wemineltc, coinotron, etc
10.

The concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's idea, open source software was designed and released, and P2P network was built on it. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system. The fact is: bitcoin, and all electronic tokens with similar principles to bitcoin, have never been as "pure" and "safe" as they boast

it is said that technology is not guilty. That's right. It's never bitcoin itself that makes mistakes. It's people who use this technology to launder money, speculate and cheat

The inventor of bitcoin technology is undoubtedly a praiseworthy genius. He has explored the great potential of blockchain technology in this invention. The potential of blockchain technology is likely to contribute to the development of global credit system in the future

but this day has not come yet. Bitcoin, as the "forerunner" of the application of this technology, is not as beautiful as it seems. We should also remember that speculation is always risky and investment must be cautious

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