1. About
digital currency, say some of their own views, you listen to, feel unreasonable just laugh
money, as a measure of transaction value, does not necessarily have value in itself, it can only be used as an intermediate unit of measurement. It's just like China has only RMB as legal tender, that is to say, government guarantee has value. For example, in those war-torn areas, ten jin currency may not buy an egg, which is the reason
back to digital currency, digital currency, until now, no country has recognized it as the currency in circulation of its own country. It seems that last year or the year before last, our country also banned some. In this case, digital currency can only be sold at a price higher than your purchase price, so that you can make money. But digital currency itself does not have any value. Unlike stocks, it is your ownership of listed companies. So if you can't find someone to buy digital currency, it's worthless
the Ponzi scheme in history, the Dutch tulip, when it was the most expensive, a tulip was worth buying a house. When no one bought it, all the tulips rotted. In addition, they couldn't get a potato. Therefore, Buffett said that digital money is a bubble, which is a hoax.
in addition, there is a saying in the stock market that when all the ladies in the vegetable market begin to discuss the stock market, it is the time when the stock market reaches its peak. In my opinion, this also applies to digital currency. When many people are discussing how to make money and how to make a lot of money, the risk has accumulated to a great extent. Most of the time, when the stock begins to fall, many people are still in the previous inertial thinking, thinking that it will rebound soon, and then it will get lower and lower, and they are more reluctant to sell it. This is why many people hold a high position on it
I'm not sure whether it is the highest point of digital currency, but I think that digital currency, which can be issued by anyone, has no purchase value and can only be sold to others. I think it's a fraud.
2. what is Ethereum:
Ethereum is an innovation based on the application of technologies and concepts in bitcoin to computers. Ethereum itself imitates a lot of bitcoin technology to maintain the computer platform. blockchain technology is one of them
Ethereum platform can safely run any program users want
advantages of Ethereum over other competitive currencies before Ethereum appeared, some digital currencies imitated bitcoin. However, these projects have their own shortcomings, they can only support one or several specific applications at the same time< However, the reason why Ethereum can surpass the limitations of these projects in the past is because of the core idea of Ethereum
what Ethereum wants to implement is a blockchain protocol with built-in programming language. Since it supports programming language, in theory, any blockchain application can be defined with this language, and then run on Ethereum's blockchain protocol as an application
The design of Ethereum is very flexible and adaptable
Ethereum target sets the advantages of blockchain technology, in order to add the advantages of blockchain, such as decentralization, openness and security, to almost all computing fields
blockchain applications of Ethereum
Ethereum has many blockchain applications, such as digital applications of gold and stocks, financial derivatives applications, DNS and digital authentication, etc
Ethereum has achieved more than 100 blockchain applications by many start-ups
Ethereum has also been closely watched by some financial institutions, banking consortia (such as R3), as well as large companies like Samsung, Deloitte, RWE and IBM. As a result, a number of blockchain applications such as simplified and automated financial transactions, merchant loyalty index tracking, and gift cards designed to achieve decentralization of electronic transactions have emerged
the relationship between Ethereum and blockchain:
Ethereum is a programmable blockchain
Ethereum does not give users a series of preset operations (such as bitcoin transaction), but allows users to create complex operations according to their own wishes
in this way, Ethereum can be used as a platform for various types of decentralized blockchain applications, including but not limited to cryptocurrency
like other blockchains, Ethereum also has a peer-to-peer network protocol. Ethereum blockchain database is maintained and updated by many nodes connected to the network. Each network node runs the Ethereum simulator and executes the same instructions. Therefore, people sometimes call Ethereum "world computer"
3. Ethereum is an open source public blockchain platform with smart contract function. It provides decentralized virtual machine (Ethereum virtual machine) to process point-to-point contract through its special cryptocurrency ether (also known as "Ethereum")
The token on the
blockchain is called ether, and the code is eth. It can be traded in many foreign exchange markets of cryptocurrency, and it is also the medium used to pay transaction fees and computing services on Ethereum
the concept of Ethereum was first proposed by vitalik buterin, a programmer, from 2013 to 2014, inspired by bitcoin, with the general meaning of "next generation cryptocurrency and decentralized application platform", and began to develop through ICO crowdfunding in 2014. As of February 2018, Ethernet is the second highest cryptocurrency in market value, second only to bitcoin
extended data:
Ethereum platform has no characteristics and value. Like programming languages, it's up to entrepreneurs and developers to decide what to use. However, it is clear that some application types benefit more from the functions of Ethereum than others. Ethereum is especially suitable for those applications that automatically interact directly between points or promote group coordination activities across networks
for example, coordinate the application of point-to-point market, or the automation of complex financial contracts. Bitcoin enables indivials to exchange money without the help of financial institutions, banks or governments. The impact of Ethereum may be more profound
in theory, any complex financial activities or transactions can be automatically and reliably carried out on Ethereum with coding. In addition to financial applications, any application scenario with high requirements for trust, security and persistence, such as asset registration, voting, management and Internet of things, will be affected by Ethereum platform on a large scale
4. l. Whoever commits this crime shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance and shall also, or shall only, be fined; 2. If the amount is huge or if there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than 10 years and shall also be fined; 3. If the amount is especially huge or if there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment and shall also be fined or have his property confiscated. According to the "interpretation of the Supreme People's Court on Several Issues concerning the specific application of law in the trial of fraud cases" (December 16, 1996), the indivial who swindles more than 2000 yuan of public or private property belongs to "large amount"; If an indivial swindles public or private property for more than 30000 yuan, it belongs to "huge amount". If an indivial swindles more than 200000 yuan of public or private property, the amount involved is particularly huge. The huge amount of fraud is an important part of the determination of "the circumstances are particularly serious", but it is not the only circumstances. If the amount of fraud is more than 100000 yuan and has one of the following circumstances, it should also be recognized as "the circumstances are particularly serious": (1) the ringleader of the fraud group or the principal criminal with serious circumstances in the joint fraud crime 2) A recidivist or a fugitive who commits a crime and causes serious harm 3) Defrauding legal persons, other organizations or indivials of urgently needed means of proction, seriously affecting proction or causing other serious losses 4) Defrauding money and goods for disaster relief, emergency rescue, flood control, preferential treatment, relief and medical treatment, resulting in serious consequences 5) Squander the swindled property so that the swindled property cannot be returned 6) Using the swindled property for illegal and criminal activities 7) Having been subject to criminal punishment for fraud 8) Causing the death, mental disorder or other serious consequences of the victim 9) Having other serious circumstances. If the person in charge and other persons directly responsible of the unit commit fraud in the name of the unit, and the proceeds from the fraud belong to the unit, and the amount is between 50000 yuan and 100000 yuan, the above persons shall be investigated for criminal responsibility in accordance with the provisions of Article 152 of this Law; If the amount is between 200000 yuan and 300000 yuan, the above-mentioned persons shall be investigated for criminal responsibility in accordance with the provisions of Article 152 of this law. For the crime of joint fraud, the amount of the crime should be determined according to the amount of the actor's participation in the joint fraud, and the actor's status, role and illegal income in the joint crime should be punished according to law. If the actor has started to commit fraud, but has not obtained property e to reasons beyond the actor's will, it is an attempted fraud. The higher people's courts of all provinces, autonomous regions and municipalities directly under the central government may, according to the local economic development and social security situation, determine the "large amount" and "huge amount" of indivial fraud in the local area within the range of "2000-4000 yuan" and "30000-50000 yuan", And the specific amount standard of Article 151 or Article 152 of the original criminal law shall be determined by referring to the amount specified in the fourth paragraph of this article, and shall be reported to the Supreme People's court for the record. Article 266 of the criminal law and judicial interpretation whoever swindles public or private property, if the amount involved is relatively large, shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance and shall also, or shall only, be fined; If the amount is huge or if there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than 10 years and shall also be fined; If the amount is especially huge or if there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment and shall also be fined or have his property confiscated. Where there are other provisions in this law, such provisions shall prevail. Article 210 the second paragraph of this Law shall be convicted and punished in accordance with the provisions of Article 266 of this law if anyone uses deception to defraud special VAT invoices or other invoices that can be used to defraud export tax refund or tax dection. Article 269 Whoever commits the crime of theft, swindling or snatching and uses or threatens violence on the spot for the purpose of concealing stolen goods, resisting arrest or destroying criminal evidence shall be convicted and punished in accordance with the provisions of Article 263 of this law. Article 300 Whoever, as mentioned in the third paragraph of article 300, organizes or makes use of sects or heretical organizations, or makes use of superstition to rape women or defraud property shall be convicted and punished in accordance with the provisions of articles 236 and 266 of this Law respectively. Article 287 Whoever uses a computer to commit financial fraud, theft, embezzlement, misappropriation of public funds, theft of state secrets or other crimes shall be convicted and punished in accordance with the relevant provisions of this law In order to protect the personal, property and other legal rights of indivials, legal persons and other organizations, the Standing Committee of the National People's Congress "decision on maintaining Internet Security" (December 28, 2000) shall investigate the criminal responsibility of those who commit one of the following acts, which constitutes a crime, in accordance with the relevant provisions of the criminal law: theft, fraud, extortion by using the Internet
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