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Noah's Ark digital currency

Publish: 2021-04-27 20:17:32
1.

bitcoin mining machine is a kind of computer used to earn bitcoin. This kind of computer generally has professional mining chips and works in the way of burning graphics card, which consumes a lot of power. It is one of the ways to get bitcoin that users download software from personal computer and then run specific algorithm to get corresponding bitcoin after communicating with remote server

mining is actually a competition of performance and equipment, and a competition of computing power among miners. Miners with more computing power are more likely to dig bitcoin. With the increase of computing power in the whole network, it is more and more difficult to dig bits with traditional devices (CPU, GPU). People have developed chips specially used for mining. Chip is the core part of mining machine. The process of chip operation will proce a lot of heat, in order to cool down, bitcoin miner is generally equipped with heat sink and fan

< H2 > extended materials:

bitcoin is a kind of virtual currency. Bitcoin mining system is the process of carrying out mathematical operation for bitcoin network through computer hardware. Miners who provide services can get a reward, because the network reward is calculated according to the tasks completed by miners, so the competition for mining is very fierce

bitcoin mining started with low-cost hardware such as CPU or GPU, but with the popularity of bitcoin, the mining process has changed greatly. Nowadays, the mining activities are transferred to the field programmable gate array, and the hash speed can be achieved through optimization. The mining efficiency of this mode is very high

2.

No, but it seems that it is difficult to explain in a few simple sentences. Let's study this ark article together

to expose the common myth of bitcoin

bitcoin has been established for more than 11 years and is striving to be widely recognized by institutions. Although constructive criticism is healthy, ark believes that some influential financial research institutions are refuting bitcoin based on outdated information, inconsistent arguments and flawed analysis

in view of Goldman Sachs' recent position on bitcoin, ark is reconsidering the most common misunderstanding, which has affected its acceptance. We look forward to participating in the health and ecational debate on bitcoin, as well as the important role we believe bitcoin should play in a diversified portfolio

According to ark, some influential financial research institutions are refuting bitcoin based on outdated information, inconsistent arguments and flawed analysis

statement: bitcoin is too volatile to serve as a store of value. Counterclaim
: the volatility of bitcoin highlights the credibility of its monetary policy

critics often point out that the volatility of bitcoin is the "value store transaction breaker". Why would anyone want to store the price of an asset in such drastic fluctuations in daily prices

we believe that these critics do not understand why bitcoin fluctuates and why its volatility may decrease

although the fluctuation of bitcoin distracts opponents from evaluating its role as a value storage tool, it actually highlights the credibility of its monetary policy. The impossible trinity is the dilemma of macroeconomic policy. As shown in the figure below, the dilemma assumes that when setting monetary targets, the decision-maker can satisfy two of the three goals instead of three, because the third goal is opposite to one of the first two goals


source: Fangzhou Investment Management Co., Ltd. in 2020, each side of the three difficulties triangle is mutually exclusive. For example, monetary authorities that choose a fixed exchange rate and allow free capital flow cannot control the growth of money supply. Similarly, the monetary authorities that choose fixed exchange rate and control currency can not accommodate the free flow of capital, and the monetary authorities that choose to accommodate the free flow of capital and control money supply can not determine the exchange rate

based on the three dilemmas, we can understand why volatility is the natural result of bitcoin monetary policy. Contrary to the modern central bank, it does not give priority to exchange rate stability. On the contrary, based on the quantitative rules of money, bitcoin limits the growth of money supply, allows the free flow of capital, and abandons the stable exchange rate. As a result, the price of bitcoin is a function of demand relative to its supply. Its volatility is not surprising

that is to say, over time, the volatility of bitcoin is decreasing, as shown below. With the increase of adoption rate, the marginal demand of bitcoin should account for a small proportion of its total network value, so as to rece the price fluctuation. If all other conditions are equal, for example, a new demand of $1 billion with a market value of $10 billion or a network value, the impact of the price of the bitcoin should be greater than a new demand of $1 billion with a network value of $100 billion. Importantly, we believe that volatility should not rule out the main reason why bitcoin is used as a store of value, mainly because it usually occurs at the same time as a sharp rise in price


source: Fangzhou Investment Management Co., Ltd., 2020. Source: coinmetrics

for a long time, the purchasing power of bitcoin has been greatly improved. For example, since 2011, the price of bitcoin has grown at a compound rate of about 200% per year. Although significant changes have taken place in the year, since 2014, the price of bitcoin has appreciated year by year at its lowest price. It's been a good year


source: Fangzhou Investment Management Co., Ltd., 2020. Source: Coinmetrics

claims: bitcoin bubble. Counterclaim
: bitcoin is a competitor for the role of global currency

, some economists like Nouriel Roubini (Nouriel Roubini) believe that bitcoin will suddenly disappear when it is in the bubble. The line of reasoning is that bitcoin has no intrinsic value, and its appreciation depends on speculation, such as a hot potato or tulip game, and the willingness of the "bigger fool" to pay a higher price. They believe that bitcoin is not an investable asset

we believe that this statement eliminates the reason why bitcoin has accumulated value over time. Yes, bitcoin doesn't behave like a traditional investable asset[ 1] The value of equity is determined by discounting the expected cash flow. Given the high future cash flow based on growth and / or investment capital gains, the stock appreciates independently of the shareholder base

However, monetary assets such as bitcoin are unproctive, and their appreciation depends on how they effectively maintain or increase their value over time. In a sense, the value proposition is cyclical: monetary assets will appreciate with the demand of more people, and if it is an effective monetary asset, more people will evaluate it. In other words, "money is a common illusion" and "money is valuable because others think it is valuable"

The claim that the value of money depends entirely on the common illusion, however, indicates that the form of money is arbitrary. In fact, according to monetary history, the most common and sustainable currencies have the quality of maintaining their demand. For example, for thousands of years, because of its scarcity, substitutability and rability, economists have regarded gold as the most successful form of money

we think that bitcoin is usually called digital gold, which not only has many characteristics of gold, but also can improve them. Although bitcoin is rare and rable, it also has the characteristics of divisibility, verifiability, portability and transferability. A series of monetary features of bitcoin endow it with outstanding utility, which is likely to promote demand, and believes that bitcoin is suitable for the role of global digital currency even if it is not superior

we believe that as a suitable competitor for the first batch of global digital currencies, bitcoin should at least attract demand similar to gold. However, contrary to the claim that it is in a huge bubble, the net value (or market value) of bitcoin is less than 2% of gold. p>

prediction is limited in nature, so it cannot be relied on

source: Fangzhou Investment Management Co., Ltd., 2020. Source: coinmetrics

statement: bitcoin will lose the value of fork and digital . Counterclaim
: the value of bitcoin cannot be copied only by software

in the digital field, goods are invisible and can be easily copied without destroying the original goods. Indivials can send word documents extensively by e-mail, for example, while retaining the original . Similarly, thousands of people can listen to a song simultaneously and repeatedly, which actually improves the value of the original work, especially when other songwriters imitate its unique voice

Bitcoin software is no exception. It's free and open source. Indivials can software, "create network branches" and create their own versions. However, skeptics still question how scarce bitcoin will be if it is based on open source software that can be copied indefinitely

first, the bifurcated bitcoin network will not create new bitcoin units, just as the expansion of Venezuela's Bolivar will not add dollars to the US monetary base. Instead, bifurcated bitcoin creates a new network with new units or coins. Although existing bitcoin holders have the right to use new coins, the forked network operates under a set of independent rules supported by a single stakeholder. Open source software does not dilute the money supply of the original network. It not only encourages cheap experiments and new networks, but also encourages new tokens and competitive markets

the scarcity of bitcoin is crucial to its network. Today, the number of bitcoins has reached 18 million, which is measured mathematically to 21 million, as shown below. Each bitcoin is linked to a wallet at a time and cannot be copied. Importantly, the only way to control user bitcoin is to have access to its associated private key


source: Fangzhou Investment Management Co., Ltd., 2020. Source: coinmetrics

so, when it forks, what makes 21 million units in bitcoin network more valuable than 21 million units in bitcoin cash (BCH) or BTC? To equate the value of bitcoin cash with the value of bitcoin is equivalent to assuming that Facebook's source code can "fork" and automatically the value of its 2.6 billion users and 50000 employees. Their value comes from the network effects of bitcoin and Facebook, not just their existence

as far as bitcoin is concerned, we believe that network effects include not only the efforts to protect the hash rate of the blockchain, but also the liquidity of bitcoin and the infrastructure supporting its adoption and use. If it is dilutive, then bifurcations will have to share bitcoin's computing power, users and liquidity. As shown below, bitcoin cash and other bifurcations do not seem to derail bitcoin's network effects


source: Fangzhou Investment Management Co., Ltd., 2020. Source: coinmetrics

claims that bitcoin is for criminals
counterclaim: bitcoin is anti censorship

critics still accuse bitcoin of allowing criminal activities because of its early evil activities. In its early years, bitcoin financed the Silk Road, an online black market platform known for selling illegal drugs

In our opinion, criticizing bitcoin for promoting criminal activities is one of its basic value propositions: censorship. As a neutral technology, bitcoin allows anyone to trade and cannot identify "criminals". It does not rely on centralized permissions to identify participants by name or IP address, but by encrypted digital key and address to distinguish participants, thus giving bitcoin powerful censorship ability. Anyone can trade anytime, anywhere as long as the participants pay the miners. Once secured, the transaction cannot be easily reversed

if criminal activities can be censored on the bitcoin network, then all activities can be censored. On the contrary, bitcoin allows anyone to exchange value globally and without permission. This is not to make it an inherent tool of crime. Phones, cars and the Internet are no less powerful than bitcoin in promoting crime

In other words, it seems that only a small part of bitcoin transactions are for illegal purposes. According to chainalysis, the number of bitcoin transactions related to illegal activities is still less than 1%, which may be a contribution to the transparency of bitcoin. Any user can view the complete history of transactions on the Internet, which shows that physical cash is a better means of illegal activities
3. Have you ever heard the public say this word? I'm sure it's MLM. Go to the alien to make money. Get Noah's Ark 8
4. Unknown_Error
5. How to invest in personal finance
goal of children's ecation period: before children go to school and get employment
goal of family maturity period: from children's employment to children's marriage
goal of pre retirement period: before retirement
goal after retirement: after retirement
formulation of personal financial management goal:
(1) to adapt to their own conditions (their social status, economic status, social status, social status, social status, social status, social status, social status, social status, social status, social status, social status, social status, social status, social status Daily income, family, children, etc.)
(2) meet the requirements of each stage of your life
(3) combine long-term, medium-term and short-term goals
(4) the content of personal financial objectives: clear time and specific figures
(5) the revision of personal financial objectives: after the personal financial objectives are formulated, they are not immutable, but should be adjusted according to the implementation situation and specific environmental background, so as to achieve the most practical requirements. It's better to revise your original financial goals every other period of time (such as a year)
(6) how to set personal financial goals: according to each person's own conditions and different life experiences, reasonably set short, medium and long-term financial goals< What is a personal financial plan: a personal financial plan is to make a personal financial plan and implementation steps according to the goals after the personal financial goals are set. Personal financial planning is the detailed planning of financial objectives and the implementation of financial investment steps
2. Formulation of personal financial management plan: in order to achieve the goal of personal financial management, in the financial management plan, each financial investment step and investment tool should be defined
(1) in the personal financial investment plan, there can be only one investment step and one investment tool: financial investment starts & gt On an investment vehicle) & gt; To achieve the goal
(2) there are also several investment steps and investment tools: financial investment starts & gt Tool 1) & gt Second tool) & gt Third tool) & gt Tool 4) & gt; To achieve the goal
(3) there can also be several investment steps and investment tools at the same time: financial investment starts & gt Tool 1) & gt Second tool) & gt Tool 4) & gt Tool 7) & gt; Achieving goals (tool 3) & gt Tool 5) & gt Tool 8) & gt; Achieving goals (tool 6) & gt Tool 9) & gt; To achieve the goal, only by accurately judging the investment and financing environment, can we make better use of investment and financing tools. Investment and financing is a comprehensive and practical science
3. Implementation of personal financial management plan: implement every step of financial management and investment seriously, and do not terminate or change it easily
4. Modification of personal financial management plan: according to the implementation of financial management plan, the practicality of financial management objectives, their own conditions and changes in the surrounding environment, the personal financial management plan shall be modified accordingly
5. The specific formulation of personal financial planning: according to each person's financial objectives and their own operation ability Since the beginning of this year, with the graal implementation of a series of national financial and economic policies, it has opened up a broader space for the development of the investment and financing market, It can be summed up in eight aspects:
gold speculation: entering the golden age
since the Bank of China launched the & quot; Huang Jinbao & quot; After the business, speculation has always been a hot spot in the personal financial market, which attracts the attention and favor of investors. Especially in the past two years, the international gold price continued to rise. It can be predicted that with the graal opening of domestic gold investment field, the growth potential of gold demand in the future is huge. Especially after 2004, the pricing method of domestic gold jewelry will graally change from price fee integration to price fee separation, and the 5% consumption tax of gold jewelry is expected to be cancelled, which will greatly promote the increase of gold investment. Gold speculation business will become a highlight in the field of personal finance, and truly enter the golden age of investment and finance. Fund: highly favored, with good prospects
since the first batch of closed-end funds were successfully issued in 1997, the fund has been highly praised by domestic indivial investors. Last year, the fund has obviously exceeded the deposit, and has become the top priority in many aspects of investment and financing. According to relevant information, the net value of domestic funds this year has exceeded 200 billion yuan. According to the survey, next year, many investors are still very optimistic about the advantages and characteristics of the fund, such as stable returns and low risks, hoping to obtain ideal returns through the investment of the fund
stock speculation: opportunities and risks coexist
according to the analysis of experts, the situation of capital supply and demand in the future is relatively optimistic, which undoubtedly gives a shot in the arm to the capital driven Chinese stock market. In addition, China Securities Regulatory Commission has put forward stricter requirements on the performance calculation and financing amount of listed companies, and strengthened the regulation of the stock market, which will bring profit opportunities to investors. But in any case, the biggest characteristic of the stock market is uncertainty, opportunities and risks coexist. Therefore, investors should continue to maintain a cautious attitude and look at the right time to invest< At present, there are many kinds of treasury bond market, and investors have many choices. New attempts and reforms have been made to the issuance of national debt, which further improves the marketization level of national debt issuance, so as to minimize the interference of non market factors. In addition, the secondary market of national debt will become the focus of development next year. It can be seen that this series of innovations of national debt will bring investors more investment choices and more profit space
saving: can old songs sing a new tune
Insurance. Insurance will protect you and your family in the future. Health insurance is very important. If you lose the ability to work, you can't make money. Property insurance is especially important for people whose family property accounts for a large proportion of personal assets. Just imagine how much it will cost to buy clothes, furniture, TV and so on again if there is a fire

in our daily financial management, there are often such problems: some people's way of financial management is bank deposit, the income can not resist inflation; Some people make high-risk investment in stocks and other assets, but they can't get cash in time in case of emergency. In fact, a good way of financial management is not only to meet the daily needs, but also to ensure long-term benefits. According to the indivial risk tolerance, it is a good way to build a balanced
asset allocation portfolio of gold, stocks and funds. At the same time, everyone has different preferences for risk and return according to their own situation. Therefore, asset allocation portfolio will have different styles, such as positive, stable and conservative. Generally speaking, the higher the return, the greater the risk.
6.

1、 Lianghe civilization

the earliest human civilization in the world -- Lianghe city-state civilization (6500-6000 years ago)

The earliest writing in the world, the Sumerian cuneiform (5200 years ago)

the earliest city in the world - Jericho near Jerusalem (8000-10000 years ago); Damascus, capital of Syria (8000-10000 years ago)

the earliest smelting practice in the world -- gold and silver ore smelting experiment of city states in the two river basins (7000 years ago)

the earliest bronze smelting technology in the world -- bronze smelting of the city states in the two river basins (6000 years ago)

The Hittite civilization, the earliest iron civilization in the world (3500 years ago)

the world's earliest calendar, the Sumerian lunar calendar (the specific time is unknown, earlier than the Egyptian solar calendar; Some say it has a history of 5000 years

Judaism, the earliest systematic religion in the world (4000 years ago, juxtaposed with Hinism)

The earliest agriculture in the world -- crescent zone (11000 years ago)

Second, ancient Egypt, the earliest unified dynasty / Empire in the world, Menez unified upper and lower Egypt and established the first dynasty of Egypt (5100 years ago)

The earliest mathematics in the world ancient Egyptian mathematics (5200 years ago)

The earliest geometry in the world ancient Egyptian geometry (5000 years ago)

The earliest special writing tools in the world reed pen and papyrus (5000 years ago)

3. Ancient India

Indian numbers

the earliest heliocentric theory in the world -- from alijepitha (499 AD)

Hinism, the earliest systematic religion in the world (4000 years ago, juxtaposed with Judaism)

Fourth, China's earliest shipbuilding technology -- canoe at Xiaoshan Lake crossing bridge site in Zhejiang Province (8000 years ago)

the earliest brewing technology in the world -- the sediment of fruit wine from Jiahu Site in Wuyang, Henan Province (9000 years ago)

Laozi's Tao Te Ching (2500 years ago), the earliest philosophical work in the world

Sun Wu's art of War (2500 years ago)

There are many similar myths and legends in the four ancient civilization countries. Civilization passes and continues through myths, and then strengthens its autocratic rule through the establishment and application of systems. The ancient Egyptian pharaohs claimed to be "the son of the sun god."

Hammurabi, the ruler of Babylon in Cuba, called himself "the descendant of the moon god", while the Han people in China began to call themselves "the son of heaven" since the emperor of Qin Dynasty. In addition, the Xiongnu monarch called himself "Chanyu", the Mongolian monarch called himself "Han", and the Tibetan monarch called himself "Zanpu"

Each of the four ancient civilizations has its own calendar, which is divided into 12 months a year and has a leap month. Every civilization has created its own words. The Ins River, the Yellow River and the two river basins all used pottery wheel to make pottery. Egypt and the two river basins both calculated the PI earlier. China discovered the Pythagorean theorem and its related application earlier. India invented Arabic numerals

there is still controversy about whether Greek civilization should be called "five ancient civilizations" along with the four ancient civilizations. Archaeology shows that the bronze culture appeared in Crete at the end of the third century BC, and the state and characters appeared at the beginning of the second century BC. After that, although Rome destroyed a lot of Greek civilization, it can still be regarded as inheriting Greek civilization

Most of the ancient civilizations were replaced by other later civilizations. For example, Egypt was Hellenized, Romanized and Islamized; Ancient Babylon was Persianized, Hellenized, Romanized and then Islamized. Of course, it's all modernized in the end

7. It seems that it can't be done.
modify the attributes of characters and dinosaurs (attributes of each level)
open the ark & # 92; ShooterGame\ Saved\ Config\ In the game.ini directory of windowsnoeditor,
character modification input perlevelstatsmaultiplier_ Player[*]=
Pet attributes per level stats multiplier after taming_ DinoTamed[*]=
per level stats multiplier for wild Dinosaurs_ dinowild[*]=
* is a number between 0 and 11,? Is the multiplier, the default is 1, modified to 2 is 2 times, multiple times the previous default upgrade points to the modified value
for example, perlevelstatsmaultiplier_ Player [0] = 10 means that the life of each level is 10 times of the previous default. The previous default is 10 life points of each level. After modification, the life of each level is 100 life points
respectively represent
0: life,
1: enrance,
2: paralysis value,
3: oxygen,
4: food,
5: water,
6: temperature,
7: load,
8: melee damage,
9: movement speed,
10: tenacity (cold and heat resistance),
11: manufacturing speed
8. Maya is more famous for its crystal skull. It is said that gathering five skulls together is the time of crisis. I think Maya is an advanced place. I saw it in the unsolved mysteries of the world. It was found in Maya Archaeology and in Maya pyramids that drawings similar to rocket launchers were carved on the walls! This is just what I saw. I can't judge whether it's true or not. But I like Maya civilization very much. I also deny Darwin's theory of evolution. Since human beings have evolved, why hasn't there been a clear record in history? All Darwin's evidence is that we seem to have evolved suddenly! Both Western and Eastern myths clearly indicate that there was a great flood in BC, which is worldwide, and the legendary Noah's Ark is also exposed in the Alps! I don't believe in how we came here without any experience!
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