Ethereum shrinks
Ethereum energy coin is not MLM
Ethereum is an open source public blockchain platform with smart contract function. Ethereum provides decentralized virtual machine (Ethereum virtual machine) to process point-to-point contract through its special cryptocurrency Ethereum
in 2013, vitalik buterin, 19, first mentioned the idea of Ethereum in a book entitled "Ethereum white paper: next generation intelligent connection and decentralized application platform". Then, in 2014, the algorithm and protocol of Ethernet coin were officially implemented, and $150 million was raised. The system itself was finally completed on July 30, 2015
as the representative of blockchain 2.0, the mainstream currency Ethernet is regarded as the wind vane of crypto digital currency market. However, over the past week, the price of ether currency has continued to fall. On August 14, 2018, the ethereal currency plummeted by 20%, reaching a record low of $257 this year. Compared with this year's peak of $1295, the price of Ethernet currency has shrunk by more than 80%. Affected by this, on August 15, 2018, none of the top ten mainstream currencies in the digital money market was spared, falling across the board, with a number of single day declines exceeding 10%
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Ethereum started planning almost in 2013, and started to implement the project in 2015. Before that, there were many digital currencies imitating bitcoin in the market, and they made various modifications on the basis of bitcoin code. In this way, it is very difficult to develop a new blockchain application, to re deploy a new chain, and then to develop an application on this chain. Using a consensus mechanism of pow alone is a huge maintenance workload. It's like developing an app on a mobile phone and developing the Android system together
after Ethereum comes out, it is equivalent to the underlying operating system of the blockchain. On Ethereum, it is very convenient to develop various dapps without considering the underlying development, and it can also share the computing power and storage of Ethereum. For programmers, the threshold of blockchain development is lowered instantly. The emergence of Ethereum has played a very important role in the development and popularization of blockchain applications. That's why Ethereum is called blockchain 2.0
It does not belong to MLM
Ethereum is an open source public blockchain platform with smart contract function, which provides decentralized virtual machine (Ethereum virtual machine) to process point-to-point contract through its special cryptocurrency Ethereum
the concept of Ethereum was first proposed by vitalik buterin, a programmer, from 2013 to 2014, inspired by bitcoin, to the effect of "next generation cryptocurrency and decentralized application platform", and began to develop through crowdfunding in 2014. The market value of Ethernet currency is second only to bitcoin, and it is the second largest encrypted digital currency in the world
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bitcoin has created the first decentralized cryptocurrency, and has fully tested the feasibility and security of blockchain technology in more than five years. In fact, bitcoin's blockchain is a set of distributed database. If a symbol bitcoin is added into it and a set of protocol is specified, the symbol can be transferred safely on the database without trusting a third party. The combination of these features perfectly constructs a currency transmission system bitcoin network
however, bitcoin is not perfect, and the scalability of the protocol is a deficiency. For example, there is only one symbol in the bitcoin Network - bitcoin, and users can't customize other symbols. These symbols can represent the company's stocks or debt certificates, which will lose some functions
In addition, a stack based scripting language is used in bitcoin protocol. Although this language has some flexibility to realize functions such as multi signature, it is not enough to build more advanced applications, such as decentralized exchanges. Ethereum is designed to solve the problem of insufficient scalability of bitcoinThe essential value of any kind of currency is that it can be used as the value scale to measure other things and has stability. The virtual currency here is not game currency, but a digital cryptocurrency like bitcoin. The bottom layer uses blockchain technology, which has the characteristics of decentralization, information tampering and anonymity. At present, cryptocurrency headed by bitcoin can not bear the property of currency. It is not fair to conclude that there is no value
a consensus has been reached in the currency circle by default, that is, bitcoin is similar to diamonds in the real world. The value of diamonds is given by businessmen, and it has been agreed that diamonds can symbolize love and have practical properties. Mining diamonds and gold also need to consume a lot of costs, but it is because a lot of costs are consumed that the constant intrinsic value of diamonds and gold can be ensured. The resources that can be obtained casually are prone to inflation< br />
The fall in 2018 makes investors return to rationality, which is actually concive to the standardized development of the currency circle. Now, regardless of the practical value of digital currency, this capital harvest makes investors further understand the importance of risk management. Money circle and Internet Finance allow investors to see that they are profitable, so they don't have to think about investing in it. It is ultimately their own loss. Whether this bear market can make investors understand the essence of money circle is still unknown. However, the future development of the coin circle still needs government regulation, as well as the regular operation of platforms and projects. Of course, only with the support of capital can the coin circle develop healthily and systematically. Therefore, capital outflow is the biggest reason for bitcoin's sharp decline.
game companies can control the economy in the game by controlling the generation of game currency (the rate of losing treasure). So, are game companies really omnipotent? The answer is No. what do game companies fear most
it is the offline transaction of players. After the players meet, they trade in RMB. I will give you money and you will give me the best equipment. In this way, they can directly skip the monitoring of the game company and affect the economic balance of the whole game
this is the reason why many online games prohibit players from trading offline, and even the game props can't be given away at all, because they are afraid that RMB trading will damage the economic system in the game
when playing the game, all players understand that the money, gold coins, diamonds, gemstones and so on in the game are essentially fake money. What is real money? It's RMB
you can only use RMB to exchange the currency in the game. The currency in the game can never be converted into RMB
you only need to understand this logic, and then replace the game company with the government
you can easily understand the essence of bitcoin. Whether it's US dollar, pound sterling or RMB, it's all issued by governments, and the government is equivalent to a game company
as long as you survive in this country, all your transactions should be completed through legal tender. However, the emergence of bitcoin is equivalent to "player offline trading". You can bypass the government and freely switch property among various countries. In the logic of bitcoin, US dollar, pound sterling and RMB become fake currencies, while bitcoin becomes real currency
the reason why bitcoin can become a real currency is that it is non renewable. There are only 21 million bitcoins, which will disappear after digging. Bitcoin, like gold, is non renewable. Whether you believe it or not, at least its logic is self consistent
but the currencies of different countries are different. As long as the government feels that it is short of money and turns on the banknote printing machine, it will be able to run full power for printing
this leads to inflation. I don't need to say anything about inflation. Comparing prices 20 years ago, 10 years ago and today, I believe everyone has his own understanding of inflation. In China, it is self-evident how much house prices have soared in the past two decades
many people buy a house not because they don't have a house to live in, but to fight against inflation. Ten thousand yuan to buy financial procts, ten years later, it will become twenty thousand yuan; Ten thousand to buy a house of one square meter, ten years later, it will become 100000 yuan
"house" was essentially "real currency" and "hard currency" before the emergence of bitcoin. The rich buy a lot of real estate to fight against inflation, but the house also has its disadvantages: first, if you really commit a crime,
the house can't be taken in your pocket, and the government should check and seal it, so there are still many risks; Second, a large number of houses are often difficult to sell, and the transaction takes a long period of time; Third, even if the house is sold, a lot of cash can not be transferred overseas. The emergence of bitcoin just perfectly solves these problems
bitcoin is installed in the hard disk. As long as you remember the password, there will be no one to check where you get it, and someone can't seal it (unless you rob your hard disk). Any fixed assets, cash need time cycle, bitcoin do not use, this second order, the next second cash to the account. Transfer assets overseas
is that true? Bitcoin was designed to bypass the monitoring of the national government and transfer assets perfectly and efficiently. Why do most ordinary people think bitcoin is useless, or even can't think of any use? Very simply,
poverty limits our imagination. As a small white-collar who works hard and earns money all his life, what assets need to be transferred? Estate tax? What's more, it's ridiculous. When people die, they just kick their legs. They never think about the need to avoid taxes on inheritance, but it's different for the rich
suppose that the inheritance tax of a certain country is 50%. Once the rich man dies, his son can only get half of his assets. However, if the rich man changes all his assets into bitcoin and gives his son the password hard disk, he will perfectly inherit it, and the government will not be able to collect any tax
(of course, this is only an ideal situation. In fact, it may not be perfect for tax avoidance, but it is still very enlightening). In addition, for law-abiding citizens, there is no risk of bankruptcy and home hunting
but for some of the top rich, they may not care about the amount of assets, but they are very concerned about the safety of assets. It's acceptable for a rich man with a fortune of 1 billion to lose 500 million in business. But what if he was robbed of his family for some inconvenient reasons? He can't accept direct bankruptcy
at this time, if he holds bitcoin, he will never be bankrupt, and no one can his bitcoin. At least we can leave some capital to make a comeback, or leave a way for future generations“ "Asset security" is what the top rich care about most, not more money but less security. To say that bitcoin can fight inflation caused by the government's printing money indiscriminately is just a good cover at this stage
only those in real need can know the real value of bitcoin and figure out its essence The ancients said: Chunjiang water warm ck prophet) this is also the most perfect function of bitcoin, which is recognized by a group of rich and anxious rich people all over the world, who are no longer willing to be controlled by the government,
or have their own blemishes in all aspects. They have reached a consensus by using bitcoin to maintain the security of their own assets by holding bitcoin together
therefore, bitcoin was not designed for the poor at first. When all living beings can understand the purpose of bitcoin, the price will not be affordable to the poor
some common mistakes about bitcoin: Q: isn't bitcoin really a Ponzi scheme? A: bitcoin is not a Ponzi scheme. Ponzi scheme needs to use the money of later generations to supplement the investors in front, and it is in the shape of a pyramid
bitcoin can be bought and sold freely, with ups and downs. If you don't buy or sell bitcoin, you can maintain the original price, which is similar to stocks. A stock can drop 90%, or even drop to delisting, can you simply say that the stock is a fraud
Q: does it make sense that bitcoin consumes a lot of power? A: it takes a lot of manpower and material resources to dig gold. What's the significance of digging gold? The power consumption of bitcoin is the same as the essence of gold mining, which expresses the recognition of its monetary attribute and its value. Q: bitcoin has no government recognition, so it has no value
also has no monetary attribute. A: the original intention of bitcoin is to fight against the government. It doesn't care whether it is recognized by the government or not. In addition, if the government breaks its promise, the currency will also be a piece of waste paper, not to mention Zimbabwe's 100 billion banknotes, and Venezuela's currency devaluation,
in terms of the bad inflation of legal currency before the liberation of our country, it was only 60 years ago. Q: what is the difference between bitcoin and tulip bubble? A: tulips are not non renewable. If they are planted, they will grow. If they are planted more, they will depreciate. There is no way to store them for a long time and cash them in time
similar foam and walnut walnut, all kinds of high-grade wood, strange stones, Tibetan mastiff... These are a way, is a bubble. There are only 21 million bitcoins, which will only be less and less
Q: the principle of bitcoin is very simple and easy to . Will it still have value? A: the principle of religion is also very simple from the perspective of modern people<
but apart from the several religions in Jerusalem, which are regarded as orthodox, what other religions have world-class influence? In fact, it's not many. You can count three to five
will modern people recognize the creation of a religion? Orthodoxy matters. It takes a long time and energy to cultivate the market
bitcoin is orthodox, authentic, the loudest and brightest brand, and the rest are niche. Q: do you think bitcoin is absolutely safe? Will hackers one day blackout bitcoin all over the world
A: This is a question of raising bar. At least for now, bitcoin is logically self consistent
you have to say that someone has broken the bitcoin system. It's like asking, "what if the aliens invade the earth tomorrow?", This possibility also exists, no one can deny, but this assumption is meaningless
Q: will there be a behind the scenes and a big dealer in bitcoin? When it rises to a certain height, it will throw everyone away
A: it may exist, but I think the probability is similar to the probability that Freemasons manipulate the world. This article is not bitcoin soft text, I did not buy bitcoin, just a simple chat about my understanding of bitcoin
I didn't buy bitcoin, and I won't recommend it to anyone
bitcoin has a great risk. The hard disk may be damaged by material resources, may be lost, and may forget the password. This risk is really great
with bitcoin jumping up and down, ordinary people may not be able to stand this fluctuation. If you want to buy it, it is suggested to look at it in a cycle of one year, three years, five years or even ten years. We should have the height and attitude of "not afraid of clouds covering our eyes", otherwise don't touch it
the stable currency usdt is a token issued by tether company based on the stable value currency USD. Tether company strictly abides by the 1:1 reserve guarantee, that is, every usdt token issued, its bank account will have a capital guarantee of USD, and users can exchange USD and TEDA at any time
1usdt = US $1, users can query funds on the tether platform to ensure transparency
use of usdt? Usdt can be said to be the intermediary carrier between digital currency and US dollar legal currency. Why do you say that? For novices, everyone is confused when they first enter the market,
buy usdt with legal currency, and then buy BTC, ETH or other currencies with usdt after a series of observation. Does this process seem familiar? There are also many contract exchanges that use usdt as contract margin
more stable currency to mainstream currency contract trading pairs appear in the options section of big exchanges. As a stable currency, its "stable" nature is reflected in the price and the consensus value it brings to us
of course, there is a price difference between inside and outside the court, let alone digital currency. So in addition to trading different digital currencies, you can also move bricks arbitrage! Brick arbitrage refers to the same commodity in different markets, there will always be different prices
as digital currency is a global asset, it is impossible for many exchanges and OTC trading platforms to have the same price at the same time
the price gap here is very small
upgrading from level 6 to level 7 requires 500 Banggong
you now have 700 Banggong
which is quite enough. If your gang is a level 5 Gang, it's easy to say
you can see how much proficiency you have in your life skills
but the pictures you sent
your mining skills are still early. Guild is a life skill upgraded to level 5 or above
the news conference of gemcoin, the us rich monetary fund, was held at 11:08 a.m. on October 4, 2014 at Sheraton flushing hotel in New York
on behalf of Steve Chen, group president, Leonard Johnson, vice president of the US Regal monetary fund, announced to the New York public that gemcoin has been officially issued since September 1, 2014, and introced the intrinsic value of gemcoin, which has high appreciation potential and wide liquidity
in his speech, he affirmed the influence of gemcoin in the field of international virtual currency and the stability of its value
gemcoin issued by the us rich monetary fund is supported by AFG group's gem mines all over the world and will have wide circulation
gemcoin, the us rich monetary fund, held a grand press conference in New York on Saturday_ Figure 1-2
gemcoin is mainly circulated in gem mining and financial circles, with huge circulation. Gemcoin has gemcoin equivalent sales of the fund, issue gemcoin equivalent gifts (for example, invest $10000, get $10000 gem and get $10000 gemcoin)
the U.S. Regal monetary fund belongs to the monetary fund of AFG group, whose value is endorsed by AFG group
AFG group was founded in 2002, registered in Delaware, USA, and headquartered in Los Angeles. It is a large multinational enterprise. AFG group invests in finance, real estate fund (REIT), real estate, mining (GEM), auction, communication, biotechnology and aviation equipment. Our business covers North America, South America, Europe, Asia and Australia. The global total assets of the group reach more than 50 billion US dollars
all these have laid an incomparable market foundation for gemcoin and kept its value relatively stable
Gem Coins will be issued at US $0.05 from September 1
bitcoin has increased by 16257 times from the initial $0.06 issued in 2009 to the highest $979.45
virtual currency refers to non real currency. When virtual currency is linked with reality, virtual currency has its real value and can be traded and used to purchase goods and services. With the promulgation of ab-129 act, virtual currency has become a legal means of payment
virtual currency is mainly divided into the following categories:
1. Internet based digital currency represented by bitcoin
2. The points, vouchers and vouchers issued by businesses have commercial currency
however, the above two currencies have their own limitations. First, digital currency itself has no value. Its origin is a series of computer digital codes, and digital currency can only be used for circulation if it is accepted by both the payer and the payer. At the same time, its security has been widely questioned; The commercial currency issued by the merchant has a certain intrinsic value, which is often guaranteed by the merchant to pay, and can only be used to purchase the goods or services designated by the merchant. Both digital currency and commercial currency need a large number of users to be widely circulated
gemcoin issued by the us rich monetary fund is a new generation of virtual currency based on digital currency and commercial currency, which has carried out financial innovation. It abandons the inherent defects of traditional virtual currency and has high appreciation potential and wide liquidity
first of all, gemcoin has its intrinsic value. Its value is supported by gem mines all over the world by the holding group of American Regal Monetary Fund. At the same time, gemcoin will have wide circulation. The holding group of American Regal Monetary Fund has US $50 billion assets, and its business covers North America, South America, Europe, Asia and Australia, with more than 2 million users in the world, 3000 gem chain stores will be set up, all of which have laid an unparalleled market foundation for gemcoin
bitcoin has increased 16257 times from $0.06 originally issued in 2009 to $979.45, but it has no intrinsic value. There is no doubt that gemcoin, backed by the us rich Monetary Fund and gems, will surpass the brilliance bitcoin once created
gemcoin is strongly backed by AFG group and gem minerals, which has more room for appreciation and will lead the new trend of currency.
