Can Singapore's digital currency OLO be traded
the price of bitcoin is always floating, so the price of bitcoin for RMB is always changing. From the beginning, a few years ago, when bitcoin was converted into RMB, it was only one to several, and finally it graally developed to one to more than ten, and then to one to dozens. At this time, it has been very shocking, and many people think it is a very strange phenomenon, As a virtual currency, although many people don't know what its main function is, most people think it's a bit similar to stocks, so they made a series of investments in bitcoin. Until January 2020, the value of bitcoin has grown crazily, rising to nearly 1:47000 this growth rate has exceeded most excellent stocks. Many people are shocked and often want to understand why this phenomenon occurs. In fact, my analysis is mainly caused by the following reasons:
3 Of course, one of the main reasons why the price of bitcoin has risen so fast is also related to the psychology of chasing up and killing down. For example, when many stocks have been rising, more people will buy them, but when they are falling, many people withdraw because of fear. So far, bitcoin's rise is still very large, Therefore, some people think it has investment value, so they have been buying it
It's a scam. Many Internet enterprises and network security enterprises believe that illegal "mining" has become a serious network security problem
with the rise of "cloud mining", the virtual machine has become the main use object of digital currency such as Monroe coin and Eli coin, and the situation of embezzling cloud computing resources for "mining" has also increased significantly; Security team monitoring found that "competing for mining machine" has become one of the important purposes of Botnet expansion; And found a new type of "mining" virus (mining XmR / Monroe), the virus spread wildly in two months, illegal "mining" profits of nearly one million yuan
extended information:
from a commercial point of view, the business model of mining can walk out of a "healthy road". As long as the "incentive money" is lower than the average cost of new users in the market, the business model will be reasonable and feasible
however, if the platform tempts users to participate with "no capital, no profit", it is worth being vigilant. The so-called "mining" opportunity provided by the platform is likely to be "digging a good hole" waiting for you to jump in
because those who come in after mobile phone mining will be cut leeks
precautions:
1. In the past two years, various myths about blockchain "overnight wealth" have been constantly staged, and "mining" cryptocurrency has become a new trend of wealth, and mobile phone mining is becoming more and more popular
2. There will be special mining machines for real mining. After all, every mining machine is not cheap now. Mobile phone automatic mining can be obtained at a very low price. What you dig is not bitcoin. Basically, the counterfeit coin you send is not worth money. At that time, you will still be cut leeks
It's worth it
the blockchain system is jointly maintained by all of us, and it does not need to specially consume human and material resources. The decentralized structure greatly reces the cost. At the same time, the disclosure of data makes it almost impossible to make false accounts. Blockchain takes mathematical algorithm as endorsement, and its rules are based on an open and transparent mathematical algorithm, which can enable people with different political and cultural backgrounds to reach consensus and realize cross regional mutual trust
in addition to building a monetary system, blockchain also has many application opportunities in the pan financial field. Based on the programmable characteristics of blockchain, people try to add smart contract to blockchain system to form programmable finance, which is represented by smart contract
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precautions:
the effective behaviors of users on the platform, such as consumption behaviors, are recorded on the blockchain. While confirming the rights, corresponding data rights and interests are allocated to users. OLO can be used not only to exchange goods and services in the whole ecosystem, but also to exchange with other mainstream digital currencies for cash. Such an incentive will encourage users to contribute more valuable data
small and medium-sized enterprises join the ecosystem through API interface, and use OLO to buy big users, big data and large traffic, so as to realize precision marketing and expand the scale of enterprises. In the whole process, user data is desensitized, so there is no need to worry about privacy leakage. Finally, a big data trading platform with shared interests and value appreciation between users and enterprises is built to bridge the business model gap between users and enterprises
as a token backed by data assets, OLO represents the value of the continuous precipitation of big data. The more precipitation of data, the more valuable it is, so OLO itself has value