The history of Leyte coin production reduction

1. According to estimates, the price of Leyte will be halved for the first time around August 26, 2015

lightcoin is inspired by bitcoin (BTC) and has the same implementation principle in technology. The creation and transfer of lightcoin is based on an open source encryption protocol and is not managed by any central authority. Lightcoin aims to improve bitcoin. Compared with bitcoin, lightcoin has three significant differences. First, the lightcoin network can process a block every 2.5 minutes (instead of 10 minutes), so it can provide faster transaction confirmation. Second, the lightcoin network is expected to proce 84 million lightcoins, four times the amount of money issued by bitcoin network. Thirdly, the scrypt encryption algorithm first proposed by Colin Percival is used in lightcoin's workload proof algorithm, which makes it easier to mine lightcoin on ordinary computer than bitcoin. Each Leyte is divided into 100000000 smaller units, defined by eight decimal places

other cryptocurrencies are the same. As time goes on, the speed of encryption will slow down until the output is zero. Dog coin, Fuyuan coin and bitcoin are all like this.

2. Compared with the market scale it may become, bitcoin is still a relatively small market at present. Therefore, the price of bitcoin will rise and new bitcoin will be issued at a predictable rate of graal decline; There is less demand. At present, only a small amount of bitcoin is in circulation, which can make the market price fluctuate up and down without a lot of money. The price change of cryptocurrency such as dogcoin is determined by supply and demand. When the demand for bitcoin increases, the price of bitcoin will fall. There is no limit on the price of Fuyuan

the price of bitcoin is determined by supply and demand. The price of bitcoin is still very unstable, which means that the demand must follow this inflation level in order to keep the price stable. The big price change is e to its great volatility

3. The value is not stable. It's suggested to look at IEX coin. The value of this coin is stable, and the old players in the coin circle are buying it.

4. Up to 380. In December 2013. The strongest rebound in 2014 was from 40 to 188
litecoin (LTC, currency symbol: Ł) It is a kind of network currency based on "peer-to-peer" technology. It is also an open source software project under MIT / X11 license. It can help users make instant payments to anyone in the world
lightcoin is inspired by bitcoin (BTC) and has the same implementation principle in technology. The creation and transfer of lightcoin is based on an open source encryption protocol and is not managed by any central organization. Lightcoin aims to improve bitcoin. Compared with bitcoin, lightcoin has three significant differences. First, the lightcoin network can process a block every 2.5 minutes (instead of 10 minutes), so it can provide faster transaction confirmation. Second, the lightcoin network is expected to proce 84 million lightcoins, four times the amount of money issued by bitcoin network. Thirdly, the scrypt encryption algorithm first proposed by Colin Percival is used in lightcoin's workload proof algorithm, which makes it easier to mine lightcoin on ordinary computer than bitcoin. Each Leyte is divided into 100000000 smaller units, defined by eight decimal places.

5. The development history of bitcoin in China is as follows:
trading platform launched on June 9, 2011
price of bitcoin in China reached 150 yuan on June 9, 2011
registered users exceeded 8000 on May 27, 2012
trading volume on May 9, 2012 exceeded 2000
trading volume on May 27, 2012 ranked second in the world
trading volume on May 29, 2012 ranked eighth in the world
double authentication function launched on August 28, 2012
February 2013 -The price of 15 bitcoin in China returned to 100 yuan
on April 10, 2013, the trading volume reached 28600 yuan
on April 10, 2013, the price of bitcoin in China reached 1944 yuan
on April 21, 2013, the United One Foundation launched a donation of bitcoin and donated 15 bitcoin to one foundation, For Sichuan disaster relief
launch mobile phone verification function on May 15, 2013
launch recharge free service charge on July 1, 2013
launch TenPay online banking automatic recharge online on September 3, 2013
implement transaction free service charge on September 24, 2013
transaction volume exceeded 50000 on October 22, 2013
bitcoin China price reached 1300 yuan on October 22, 2013
launch market price list function on October 28, 2013
CCTV on October 30, 2013 The price of bitcoin in China reached 2630 yuan on November 9, 2013, according to the report of Taiwan's two sets of "global financial link"
PayPal, the world's largest online payment platform, announced that it will cooperate with three bitcoin payment service providers to test bitcoin payment, but the payment service is only limited to virtual proct transactions, and users can only use bitcoin to buy e-books, electronic music, electronic games, electronic music, electronic games, etc And mobile phone ringtones
bitcoin is a new type of virtual currency, which is generated by a large number of calculations based on special algorithms. According to rigorous calculations, the stock of bitcoin is limited, with a total of 21 million, no more or less. After being created, bitcoin has rapidly become a "fixed asset" pursued by Internet speculators
in February 2014, mtgox, the world's largest trading platform, went bankrupt, casting a shadow on the whole bitcoin instry. Since the middle of 2014, the price of bitcoin has been in a downward trend for a long time
on August 12, 2015, the price of a bitcoin was only close to 1700 RMB
on the afternoon of February 8, 017, the inspection team of the business management department of the people's Bank of China interviewed the main principals of nine bitcoin trading platforms in Beijing, including "China bitcoin", "bitcoin trading network", "bitcoin", "yuncoin", "Yuanbao", "btc100", "jucoin", "coin shell" and "dahonghuo", which are engaged in bitcoin trading, Report the current problems of bitcoin trading platform, prompt the possible legal risk, policy risk and technical risk of the trading platform, understand the operation of the nine trading platforms, and put forward clear requirements: it is not allowed to engage in financial business such as financing currency, participate in money laundering activities, and violate the relevant national anti money laundering and anti money laundering regulations Foreign exchange management, payment and settlement and other financial laws and regulations shall not violate the state tax and instrial and commercial advertising management laws and regulations. If any bitcoin trading platform is found to have violated the above requirements and the circumstances are serious, the inspection team will request the relevant departments to shut down and ban it according to law

References: http://money.163.com/15/0926/09/B4E9TIAH00253B0H.html
http://www.ke.com/wiki/%E6%AF%94%E7%89%B9%E5%B8%81%E4%B8%AD%E5%9B%BD

6. At present, one view of lightcoin is that it will eventually survive and become an auxiliary currency other than bitcoin. There is a famous slogan on the official website of lightcoin: "bitcoin is gold, lightcoin is silver." Another point of view demonstrates that Leyte coin and other counterfeit coins can not succeed from a logical point of view: if the counterfeit coin succeeds, there will be more counterfeit coins, and the proliferation of counterfeit coins will lead to the collapse of value, and people finally find that bitcoin is the best way to maintain its value; If Shanzhai coin is not successful, there will be no imitators, and the failed Shanzhai coin will eventually disappear. The author tends to think that cryptography currency will eventually become an important member of the world's mainstream currency, and bitcoin is not necessarily the only one, just like the coexistence of US dollar, euro, yen and RMB in real life. There will not be only one kind of cryptocurrency, but there will not be innumerable kinds in the world. In the end, only bitcoin and the other 2-3 counterfeit currencies will survive. In fact, the key to the survival of an open source currency is the public's confidence in it, which comes from its long-term and stable use. In the two years since the invention of Leyte coin, public confidence in it has been graally established. Whether this confidence can be maintained or not, there are still many unstable factors. One of them is that lightcoin is more vulnerable to 51% attacks than bitcoin. Previously, FTC (feather coin), which uses the same algorithm as Wright coin, has been attacked by 51% and led to the collapse of public confidence. In fact, FTC is graally withdrawing from the stage of history. Whether it can resist 51% attacks and survive is a problem that lightcoin must solve. As for whether Leyte can replace bitcoin, we should go a step further: is there a counterfeit coin that can eventually replace bitcoin? The answer is simple: No. In the future, there will probably be a variety of cryptography currencies in the world, but any kind of counterfeit currency can not replace the mainstream position of bitcoin, no matter how excellent its algorithm is compared with bitcoin. We have to admit that bitcoin is not perfect compared with many counterfeit currencies. Its confirmation time is as long as 10 minutes, which is really time-consuming for transactions; 51% attack the sword of Damocles, which is always hanging overhead; From the perspective of environmental protection, the energy consumed by mining is almost wasted. Therefore, many new counterfeit currencies claim that their advantage lies in making up for the defects of bitcoin. But some of the flaws in bitcoin itself are not real. In other words, these defects are deliberately preserved by its inventors after weighing the pros and cons. For example, the 51% attack is rooted in the distributed mining characteristics of bitcoin, a P2P currency. While ripple's XRP currency doesn't need to worry about 51% attacks, and it doesn't need to spend a lot of energy on mining. However, its mode of relying on trust gateway for transaction and centralized currency issuance means that it is very easy to be controlled by government agencies. In addition, even if the design of some counterfeit coins is more ingenious, we should also understand the fact that no matter how excellent the indicators of a proct are, it can not guarantee that it can beat its competitors and achieve success.

7. Some are speculation, no real value, stock hot off, no speculation, prices rise

8. Not entirely, the difficulty of mining is determined by the total power of the whole network. Half of the proction of Leyte coins is suspected to be that the Leyte coins g up in a certain period of time are half less than before. For example, in the past, the whole network could generate 10 leytes an hour, but now the whole network can only generate 5 leytes an hour.

9. Wechat is a decentralized proct. It has not set up a membership system, let alone crown members. Only QQ, another brand of Tencent, has crown members!

10. The epidemic has caused great damage to the world, not only to life safety and public health, but also to the global economy and financial markets. According to the latest forecast of IMF, the global economy may shrink by more than 3% in 2020, among which the developed countries will generally have negative growth, while China and India may only maintain normal growth

in the face of such a large-scale disaster that is more serious than any other economic crisis in history, the most common means to help the workers and enterprises in trouble are the government issuing treasury bonds and the central bank printing money. The United States has issued three rounds of fiscal stimulus policies, the total stimulus scale is more than US $2.1 trillion, and the fourth round of US $484 billion stimulus is about to be launched. The four rounds of quantitative easing will reach US $2.6 trillion, accounting for about 12% of the US GDP in 19 years. This is an appalling figure, equivalent to 8.9% off everyone's wealth

in China, the amount of water released by the central bank is only 50% higher than that in the United States. The United States releases water, which is shared by people all over the world. As the RMB has not yet completed the mission of global currency, most of the water released by China is borne by the Chinese people. In other words, when the United States releases water, the Chinese people will bear part of it, and when China releases water, the Chinese people will bear most of it, so their wealth will be discounted. It is urgent to give up holding cash and find a safe investment channel and high-quality hedging assets

traditional hedging investment assets include treasury bonds, gold, funds, etc., but the financial crisis is fierce, and the traditional hedging assets are no longer enough to ensure that the property will not depreciate. Bitoffer analyst Lucian believes that bitcoin ETF fund may be the best hedge asset at this stage

first of all, bitcoin is known as "digital gold", and bitcoin exists in the decentralized blockchain, so it is almost impossible to lose (unless you forget the private key), which is more secure than gold hidden in the safe at home; Secondly, bitcoin is easy to carry and can be used for circulation payment, which is more and more widely than gold. On the one hand, it is the stored value function of digital gold; on the other hand, it is the payment and circulation function of money. What is more difficult is that the price of bitcoin is seriously undervalued and will continue to rise in the future. Therefore, bitcoin is a better hedge investment asset than gold

and bitcoin ETF fund is the best tool to enlarge bitcoin income. Why do you say that? Although the contract can also enlarge the income of bitcoin, but the contract is easy to burst, once the price volatility is large, the contract burst will make investors lose money. Bitcoin ETF funds are different. Through the dynamic position adjustment mechanism, ETF funds do not have the risk of bursting positions. Moreover, through the rising net value of the fund, they can continue to earn income from income. The earlier they buy, the bigger the income rolls, with the lowest income of 3 times and the highest income of 17 times

for example, if you buy a bitcoin for us $10000, you can double the spot price, while ETF funds don't worry about bursting their positions. The minimum profit is 3 times and the maximum profit is 17 times. That is to say, if bitcoin doubles, ETF funds can earn US $170000.