21 day digital currency survival challenge

1. On November 13 this year, the official microblog of the people's Bank of China announced that the people's Bank of China has issued legal digital currency, and some institutions falsely use the name of the people's Bank of China to trade relevant digital procts under the title of "DC / EP" or "DCEP" on the digital asset trading platform. The central bank stressed that no legal digital currency (DC / EP) was issued and no asset trading platform was authorized to trade. Neither "DC / EP" nor "DCEP" traded in the market is legal digital currency, and the launch time of legal digital currency transmitted through Internet is inaccurate information<

at present, the so-called issuance of legal digital currency in the Internet, and the behavior of indivial institutions launching "DC / EP" or "DCEP" in the name of the people's Bank of China to conct transactions on the asset trading platform may involve fraud and pyramid selling. The general public should raise their risk awareness, not be partial to trust, and guard against interest damage
as early as September 4, 2017, the central bank and other seven departments jointly issued the announcement on preventing the financing risk of token issuance (hereinafter referred to as the announcement), pointing out that the issuance of virtual currency, ICO and other suspected illegal financial activities seriously disrupted the economic and financial order, and no organization or indivial may engage in the above activities illegally.

2. Try not to be crelous

3.

It's like a morning star á o ru ò ch é n x ī Ng]

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basic definition detailed definition

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[li] á o ru ò ch é n x ī Ng]

is as rare as the stars in the morning. There are few descriptions

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Han Yu's poem huashannv: "Taoist Huang Yi also said; It's like a star. " In the Southern Dynasty, Qi Xie Tiao wrote the poem "night hair on Beijing Road": "there are few rising stars; The morning light is coming back

This precious animal has become a rare animal in the world, and the whole world is calling for its protection

4. Recently, the rising price of bitcoin has given birth to all kinds of digital currency financing (ICO) boom. To become a future currency form, digital currency must first have all the functions of the existing currency. However, the existing digital currency represented by bitcoin and blockchain technology still has challenges in some traditional problems< There is no doubt that digital currency is a beneficial attempt to establish the future monetary system, but its premise is to adapt to the current level of human proctivity, technology and culture. In the past, we overemphasized the anonymity, credit and wealth attributes of digital currency under the current credit standard system, but ignored the basic functions of currency
according to the prospective instry research institute, an investment institution, the current upsurge of various types of digital currency financing does not mean that digital currency is becoming more and more popular as a currency. On the contrary, it is regarded by some people as "digital assets" to store, hype or use for illegal purposes, which can not but arouse enough attention and vigilance.

5. The traditional electronic payment system is built on the basis of credit, relying on the centralized third-party institutions to complete. Digital currency technology such as bitcoin can effectively integrate electronic payment with decentralized system
the monetary property of digital currency has attracted a lot of attention, and the distributed accounting system behind the payment system is undoubtedly a more attractive innovation. In view of the fact that bank deposits and other financial assets are only in pure digital form, this just provides a broader opportunity for distributed accounting system to change the whole financial system
money and payment system are naturally linked. The payment system, the medium of transaction, must be safe and reliable. Any trading system needs an accounting system to record the assets you own in the system
modern payment systems usually use computers to store data. To put it bluntly, the money you deposit in the bank is a series of numbers recorded in the bank account
this article will focus on the recent innovative events in the field of payment, such as bitcoin, a global digital currency, which skillfully integrates the most perfect payment system with the most perfect currency. Users can rely on it to complete the exchange of legal money, commodity trading, purchase services and other activities without the participation of third-party institutions (such as banks). Its innovation lies in that it is not controlled by any centralized banks
bitcoin, the largest digital currency at present, was founded in 2009 and has been supported by thousands of businesses around the world, from pizza to virtual host. Most digital currencies, including bitcoin, have a fixed supply set. This chapter will give a brief introction to its working principle. It will give you a brief introction on how to strengthen the secure payment system with technical means, evaluate the possibility that the old payment system should be replaced by new technology, explain how the distributed accounting system removes many problems in the existing system, and explore new areas where new technology may be applied
many media reported that bitcoin only reported the discussion on its currency property and price. This paper focuses on the revolutionary innovation of the payment system brought by the distributed accounting system of digital currency - the payment system without the participation of any centralized institutions. These innovations can also be expanded in other areas, such as encrypted communications, decision-making, P2P networks
central banks have the responsibility to stabilize their monetary and payment systems to ensure the stable operation of the economy. The recent innovation in payment technology has been related to the topic of "digital currency". Most of the payment systems in today's economies follow the pattern of centuries ago, that is, they use centralized institutions to carry out secured transactions. For example, the Jinpu bank appeared in the 16th century. People can exchange physical gold for gold tickets, which can be used as gold coins or gold coins, but can not be used across banks. With the requirements of social development, there is an increasingly urgent need for an inter-bank payment system, now the practice is a variety of UnionPay organizations
bitcoin, Ruitai coin, Weimeng coin, Laite coin and other digital currencies may disappear in the future, because now it is only a small experiment, but this idea may continue.

6. For ordinary people, it is more convenient for us to travel, so mobile phone should be an indispensable tool for human beings.

7.

From the stable currency issued by banks, to the stable currency issued by Internet companies, to the present stable currency, all these mean that the future digital legal currency will come to people's vision and officially enter the stage of history, which will be initiated by central banks. Similar to the current public chains with different architectures, the digital currency of central banks will also use different technologies suitable for their national conditions. The digital currency of the central bank will explode in a certain period of time, which will make global trade more convenient, asset transfer will be extremely fast, and even drive the further development and innovation of traditional instries< but will bitcoin, the originator of digital currency, be replaced by central bank digital currency? Here mainly from the following aspects of analysis

3. Payment function and there will be certain restrictions on the payment function of the central bank's digital currency. If the comprehensive liberalization policy is implemented, it means that the exchange of legal currencies between countries is less regulated, so it may also cause large-scale capital loss, Therefore, the payment function of the central bank's digital currency may only be limited to specific regions and countries and cannot be spread out at will, which will also have an impact on its function

because bitcoin is a free digital currency, there are no restrictions on its use. Anyone can use bitcoin for value storage , which also facilitates more people who need money exchange. However, e to the high degree of freedom of bitcoin, the exchange rate between bitcoin and legal currency has certain volatility, As a result, the behavior of currency speculation also occurs. In different periods, legal currency and digital currency have different exchange rates. Therefore, bitcoin can only be used as a payment type digital currency in the short term, and can only be used as an investment proct in the long term. The two attributes of investment and payment are opposite to each other, This will continue for a long time to come

8. The angel round of digital currency originated from ICO and private placement. It means angel investment in a blockchain project. The discount for angel investment is very large, generally within 50% or even 10%. However, most of them have lock stores, and these people are generally platform people, and they are big men in the instry
basically, most of the projects that came out last year and this year are based on this routine. The most profitable ones are the big guys of the exchange and platform, the project parties and their joint efforts to cut small leeks. Of course, there are still some excellent projects in the market, such as quantum chain, wikichain and so on.

9.

It can not be said to be a fraud, but there are certain risks, because digital gold currency is a form of physical currency, and its deposits are measured in gold rather than legal currency. Therefore, the purchasing power fluctuation of digital gold currency is related to the gold price. If the price of gold goes up, it becomes more valuable. If the price of gold goes down, it loses value

since there is no specific financial regulation to regulate digital gold money suppliers, they operate in a self-regulation way. Digital gold money suppliers are not banks, so banking regulations are not applicable

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to explore the connotation of digital currency, we must clarify some concepts of model lake. For example, is it legal digital currency dominated by the central bank or illegal private fixed digital currency; Encryption of digital currency or electronic currency; Is it "selling dog meat with sheep's head"; "Bad money"

new technology does make the conceptual boundary of money more blurred. Theoretically speaking, the new monetary economics points out the possibility of the disappearance of money, that is, legal paper money is no longer the only medium of transaction, and is eventually replaced by financial assets issued by the private sector that generate monetary income

in reality, although the status of fiat money is still unshakable, there have been various local scenes of private money in history, such as the universal warra system in Germany in the 1920s. Now the digital currency with the characteristics of decentralization makes the challenge of private currency increasingly prominent< br />

10. Please call 110 and report to the national illegal fund-raising website.