Virtual currency will disappear

1.

Stupid tax

reason 1: the volatility of virtual currency is too large to become a trading means. The huge volatility problem is structural e to its fixed supply and unstable demand. The flaws in this design mean that it will not be a winner in the cryptocurrency war

reason 2: the energy consumption of virtual currency mining is a waste

reason 3: the security of virtual currency is weak, and quantum computing may make it worse

reason 4: the rise of virtual currency promotes illegal activities and redistributes wealth from the formal economy to the shadow economy. It's only a matter of time before the government gets involved

partial topic

My IQ ensures the safety of my basic property; My appearance further ensures the safety of my trip

2. Li, a Hefei native, spent 140000 yuan on 124 bitcoins in October this year. Afterwards, Li joined some chat groups of bitcoin players to pay close attention to the bitcoin market. On October 22, a person named Michael in the group took the initiative to chat with Li and asked him if he was mining“ I won't, and I won't get any money. " Mr. Li replied. Michael repeatedly urged Li to have a try and sent him a "mining tool", claiming that he could use the tool to dig more bitcoin. In the subsequent chat, Michael constantly reminds Li to put bitcoin in his wallet, saying that the trading website is not safe“ From time to time, there are news that trading websites are closing down and running away. What he said is quite reasonable, so I believe him. " Li told Anhui Business Daily
100 bitcoins disappeared
Li received and installed mining tools. On the evening of October 26, he was inced by Michael to put 100 bitcoins in his wallet. However, when the bitcoin in the E-wallet just reached 100, it suddenly disappeared. Li suddenly panic God, and then contact Michael, the convenience of invisible disappeared
Li told reporters that at present, a bitcoin costs about 5000 or 6000 yuan, and 100 bitcoins are worth 500000 or 600000 yuan. Afterwards, Li reported the case to the police. However, to Li's disappointment, because bitcoin is a virtual currency, there is no relevant domestic law to regulate and protect its transactions. The police did not file a case“ Now, this man named Michael is still active on the Internet. He's just taking advantage of the law. " Li told Anhui Business Daily
there is a Trojan horse in "mining tools"
How could Li's bitcoin disappear? 360 security engineer contacted him and tested Michael's "mining tool", and found that this tool is a very popular "bitcoin robber" Trojan horse this year. According to the analysis of 360 security center, most of the "bitcoin thieves" Trojans are disguised as mining tools, simplified wallets and other compressed files. Once a player is recruited, the Trojan will automatically search for bitcoin wallets and steal them through e-mail, hacker remote control and other means.

3. As a typical representative of virtual currency, bitcoin's fall has directly or indirectly affected related instries. The news of players' wealth shrinking and mining machinery selling by Jin emerge one after another. As investors become cautious about virtual currency investment, the market is in a downturn. Facing the sluggish market, players can not see the hope of investment, so it is inevitable that virtual currency has no future. However, there are also players in low-key bottom hunting, that bitcoin led virtual currency, has great investment value< br />
The 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.

4. We will continue to strengthen our efforts to crack down on money laundering of virtual currency. Because virtual currency is illegal in our country and not protected by law, it is necessary to crack down on it.

5.

There are two reasons for the prohibition of virtual currency trading by the state:

1. The price fluctuates violently and the consumer protection is lacking:

virtual currency is the proct of network, and the digital information flowing in the network is beyond everyone's control. The code of cyberspace is the basis of the operation of virtual currency, investors can only operate through the front-end interface, seemingly "control" the virtual currency. The operator of the virtual currency service organization may become the actual controller of the virtual currency through the control code

bitcoin and other so-called "virtual currencies" lack a clear value basis, the market is full of speculative atmosphere, the price fluctuates violently, and investors blindly follow suit, which is easy to cause capital losses

2. Evade supervision and become the "accomplice" of criminal activities:

bitcoin is popular as a payment tool in the so-called "dark web" world“ The "dark net" is full of all kinds of serious criminal activities. One of the original intentions of the invention of bitcoin is to evade regulation. It has the characteristics of anonymity and convenient cross-border flow, and has become the preferred tool of "underground economy"

the existence of bitcoin and exchanges and other instrial chains has constructed a illegal financial market for asset transfer and financing in addition to legal currency, increased the difficulty of regulatory authorities in managing financial security and stability, and promoted regulatory arbitrage and financial crimes. The risks and social security risks it brings to the financial market are far higher than its innovative value

extended information

virtual currency transactions are not protected by law:

according to the notice on preventing bitcoin risks issued by the people's Bank of China and other departments on December 3, 2013 and the announcement on preventing financing risks of token issuance issued by seven ministries and commissions including the people's Bank of China on September 4, 2017, virtual currency is not issued by monetary authorities, It is not a real currency because it does not have the monetary attributes of legal compensation and compulsion

in terms of nature, virtual currency should be a specific virtual commodity, which does not have the same legal status as currency, and can not and should not be used as currency in the market. Although citizens' investment and trading in other virtual currencies are personal freedom, they can not be protected by law

6.

In the world of blockchain, the level of cognition often determines the multiple of your income. When you see the assets of peers going up several times, you may feel depressed when you look at the assets you buy. Why is it that Lao Wang next door is the winner, and why is it that other people's children always get the best grades? Also arrived at the end of a race, some people running, some people driving, some people even sat on the rocket. These tools are like different currencies in the blockchain world. The vehicles you buy are not the same, and the speed of value-added brought by self recognized vehicles is not the same. So it's really important to choose a good currency

the first kind of payment currency:

BTC bitcoin, XRP reborn coin, LTC Laite coin, dash dash dash, Zec. Wait, let's first list some mainstream currencies above. What is this kind of currency for? From a superficial point of view, it is used for payment and transfer. It is suggested that new people just enter the coin circle and focus on bitcoin. Why

bitcoin is the originator of all digital currencies, with a market value of about US $176.5 billion, ranking first in digital currencies

the third type of platform currency:

this kind of well-known currencies include BNB currency, ANC currency, big currency, dew futures platform currency, qash Japanese exchange currency

this kind of currency is very easy to understand, that is, the token issued by the exchange itself. As the popularity of the exchange is high, the token will naturally appreciate for a long time. For example, BNB coin an, the cost price of ICO in 17 years is 1 yuan, now 82 yuan, thanks to the fact that coin an exchange ranks first in global trading volume

but this kind of currency does not mean that you have its currency, so you can say that you have its shares, such as currency security. If you hold its currency, you can rece your handling charge by trading currency in currency security exchange. Another way to increase the value of the platform currency is to destroy it. Just like big, 200 million tokens, the exchange will buy back 40% of the profits from the market every quarter, and then destroy them. As a result, the number of such tokens will be less and less, and the value of the rare is the way to increase the value of such tokens