Why the Leyte coin

2. Lightcoin is legal in China, but if you use lightcoin for illegal activities, it is illegal

bitcoin, lightcoin and other virtual cryptocurrencies are defined by the central bank as a kind of special Internet goods in China. Citizens can buy and sell freely at their own risk, which denies their monetary attribute. Central bank governor Zhou Xiaochuan once said that bitcoin is more like a tradable asset, similar to stamps. Since it's a commodity or asset, it's legal. Citizens' property is sacred and inviolable. Bitcoin house also published the full text of the joint notice on bitcoin risk issued by the central bank and other five ministries and commissions in 2013. You can see it from the emotional point of view

most of the major countries in the world also adopt a cold attitude towards bitcoin, because bitcoin may be used for money laundering, drug trading and other illegal activities.

3. 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

4. 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.

5. Lightcoin belongs to digital currency, which is the same as bitcoin in nature. It is forbidden to speculate in digital currency in China, so it's not difficult to explain that you can't withdraw cash.

6. It is not recommended to invest in lightcoin. Now lightcoin is generally not optimistic in the instry. Although lightcoin is known as the test proct of bitcoin, it fails. No innovation. Once claimed not to adapt to ASIC mining machine, but finally became a joke. Li Feng, the ancestor of Laite coin ASIC mining machine, said frankly that no currency is not suitable for ASIC mining machine. Since the announcement of the central bank in 2013, like bitcoin, lightcoin has been in a long-term downturn.

7. Lightcoin is an innovation of bitcoin and an experimental proct of bitcoin, which is known as the supplement and substitute of bitcoin. The slogan is "bitkin, lightsilver!" But in fact, the test proct of bitcoin like lightcoin failed, and there was not much innovation

bitcoin is a big experiment of socialization, which has gained wide attention in China since October 2013, especially a large number of reports from domestic media. CCTV media has also reported bitcoin positively for many times, which leads to people's wrong tone towards bitcoin. In addition, the US held an optimistic attitude towards bitcoin in the November hearing, The price of bitcoin was less than 1000 yuan, and it soared to 8000 yuan in less than two months. With the rise of the price of bitcoin, some counterfeit bitcoins are also rising, and lightcoin is one of the representatives.

8. The mining principle of lightcoin is the same as that of bitcoin, but the algorithm is different. In short, it is to use the computing power of your lightcoin mining equipment to solve mathematical problems, confirm lightcoin network transactions, and ensure the security of the entire lightcoin network system. As a reward, miners can get unequal lightcoin rewards. The total number of lightcoin is four times that of bitcoin

at present, lightcoin mining has entered the ASIC era, and the myth that ASIC was not suitable for lightcoin mining has been broken

if you want to mine the Leyte coin, it is recommended that you buy ASIC Leyte coin miner, and you'd better join a mine pool for mining. The more famous lightcoin machines in the market include A2, silverfish, KNC and so on. At present, Avalon, a famous supplier of bitcoin machines, also plans to research and develop lightcoin ASIC chips. Avalon's lightcoin chip is a 28nm process technology, which is in a leading position in the instry.

9. 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.