BTE digital currency Seminar
bitcoin is a scam
because bitcoin is a kind of virtual currency, most of which are unregulated and bypass the traditional banking system. Its sharp rise worries regulators around the world. Jamie Dimon, JPMorgan's president, described bitcoin as & quot; A scam & quot;. Because compared with bitcoin, it's not real, it's going to end in the end
virtual currency similar to bitcoin is based on blockchain technology. It is a kind of accounting technology using anonymous computer network operation. No government or central bank has endorsed bitcoin. Therefore, no one can support the value of bitcoin
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pyramid selling is to absorb and allocate funds by developing the relationship between the upper and lower line. In the bitcoin investment market, the elderly and new people do not have the time advantage, nor do they rely on high profits to pull down the line. In the face of market fluctuations, no one can guarantee that they will make money, and the elderly can not force them to get income from pulling new people
bitcoin or other digital currency does not belong to any person or organization. It is an uncontrolled and decentralized program. The code is fully developed, and the total amount cannot be modified or destroyed
1. Currency digitization and digital currency are not the same thing, so don't confuse them
2. There may be legal digital currency in China in the future, but it must be issued by the Central Bank of China
3. Bitcoin is not a currency. Currency is a credit symbol issued by the Central Bank of a sovereign country. Bitcoin is a speculative target, which is not recognized by major countries in the world.
bitcoin is a real currency rather than a quasi currency. Now there is a saying that bitcoin is not a currency, but a quasi currency
quasi currency is a kind of asset valued by currency, which can not be directly used for circulation but can be converted into currency at any time. It is mainly composed of bank time deposits, savings deposits and various short-term credit circulation tools. Obviously, bitcoin does not meet the above definition
at present, the reason why bitcoin can not be used for shopping in our country is the result of the prohibition of administrative order, which is not caused by its own nature. If we do not consider the restrictions of administrative order, bitcoin can naturally be used for circulation, so bitcoin is real currency rather than quasi currency
Is it right to put down the assumption that deflation is not concive to economic growth? After the collapse of the Bretton Woods system, although the currencies of various countries are no longer linked to gold, gold is still widely accepted as an important international reserve currency. Therefore, deflation cannot deny the reason why bitcoin is a currency. Moreover, for quite a long time, bitcoin is still in an inflation stage. At present, the annual inflation rate is about 4%. It is believed that economists and financiers in 100 years' time will come up with a better way to solve the problem of bitcoin deflationrear ear hearing aid
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In China, digital currency is illegal. According to the regulations, financial institutions and non bank payment institutions shall not directly or indirectly provide procts or services such as account opening, registration, trading, clearing and settlement for token issuance financing and "virtual currency"
do not underwrite insurance business related to token and "virtual currency" or include token and "virtual currency" in insurance liability. Financial institutions and non bank payment institutions shall report to the relevant departments in a timely manner if they find clues of violation of laws and regulations in token issuance financing transactions
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since the issuance of the token announcing the financing risk prevention problem, any so-called token, margin trading platform shall not engage in the exchange business of legal currency and token, "virtual currency", and shall not sell or act as a central counterparties trading token, or "virtual currency", Token or "virtual currency" pricing and information intermediary services may not be available
the financial management department will require the competent telecommunications department to shut down its website platform and mobile applications, and request the network management department to remove the mobile applications from the application store according to law, and revoke its business license from the instrial and commercial administration department according to law