How to understand virtual currency

1. Here's bitcoin
bitcoin price has been cut by the waist
how to implement blockchain application is still the main problem. In addition to bitcoin, the large-scale application of blockchain in other scenarios has not yet reached the commercial stage. Looking back to the second half of 2017, the price of bitcoin almost reached a new high every day, and finally reached the peak in the South Korean exchange with the highest premium in the world - about 140000 yuan per piece. On June 3, 2018, as of press time, coinbase bitcoin trading platform quoted 49688 yuan, and the price of bitcoin has been cut. Since the beginning of this year, the price of bitcoin has rarely seen eye popping ups and downs, and the overall trend of monthly decline
bitcoin development status
according to the data of the in-depth analysis report on business model innovation and investment opportunities of the blockchain instry released by the foresight Instry Research Institute, bitcoin prices showed a downward trend in May, with the overall market value falling from US $157.3 billion at the beginning of the month to US $127.4 billion at the end of the month, a decrease of 19%; In addition, there are 444000 active addresses and 197000 transfers per day. From the trend point of view, the number of active addresses and daily transfers are positively correlated with the transaction price. In May, the overall trend is volatile, and the downward trend is very obvious
reasons for the steady decline of bitcoin in the past half year
how to understand the "steady decline" of bitcoin in the past half year? There are two main reasons: firstly, the most important reason is that institutional investors and speculators who have accumulated a large number of "profit" are cashing in their profits and leaving the market; Secondly, before the blockchain instry has no real application and profit model, the rise of bitcoin price can only be regarded as speculative speculation. In addition, it is an undeniable fact that the Central Bank of China has made a decisive move to close the bitcoin trading platform, which has achieved remarkable results in preventing bitcoin speculation
at present, the domestic bitcoin exchanges have basically moved to foreign countries, which has nothing to do with China. Investors operate on those platforms at their own risk
the current market is not very good. Only when the market is good, can investors find ways to participate in bitcoin investment. As the total market value of the coin circle is still small, with more blockchain applications, there is still potential in the future
over consumed blockchain
e to the "tepid" price of bitcoin, blockchain, as its underlying technology, has reached the level of "known to all women and children", and even surpassed bitcoin in recent years
recently, a series of related reports are suspected of making up for the number and full of hype, and blockchain has obviously been over consumed. In addition to bitcoin, the large-scale application of blockchain in other scenarios has not yet reached the commercial stage
with the graal deepening of the understanding of blockchain technology, domestic enterprises have laid out blockchain technology, platforms and applications, including Internet enterprises such as network, Tencent, Ali, Jingdong, Netease, major banks, financial enterprises such as Ping An of China and Huawei. In terms of application, China actively explores and promotes blockchain + applications in the form of alliance chain and private chain to help solve the pain points of related instries, improve efficiency and rece costs.

2. Speculators' paradise

3. I don't know who knows how BTC coin makes money. Now there are many platforms that use blockchain to cheat money. Each platform has different operations. Some platforms make money when you buy a bitcoin and sell it when it goes up, and lose when it goes down. There is also a platform for you to buy a bitcoin and transfer it to your wallet. No matter whether the coin goes up or down, there will be income every day. If the coin goes up, there will be more income and the coin goes down, there will be less income. Anyway, there will be income every month.

4. Most of the virtual currencies in our daily life are mistakenly thought to be the opportunity investment procts with high returns. In fact, the importance and core significance of virtual currency, which aims to achieve global free trade and virtual currency payment, has been ignored.

5.

Method 1: take a look at the display interface. Most of the display interfaces of the mine cards are not consistent with their own quality, because the display interface is basically not used in mining, so if all the display interfaces are very new, even the plastic plug is on them, you should pay a little attention to them

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extended data:

1. Graphics card and mine card:

the so-called mine card is the graphics card for mining. The "mining" here is virtual mining. Generally, there are professional graphics cards to mine. The mined mine is actually bitcoin. Users can download the mining software from the computer, run a specific algorithm, and get the corresponding bitcoin after communicating with the remote server, Most of them work in the way of burning video card, so the power consumption is large

the graphics cards and mine cards are usually ATI chips. Bitcoin went out of business, and the miners took out their mining cards and sold them as second-hand

2. Disadvantages of mine card:

Mining mostly adopts the way of burning graphics card. In order to maximize the benefits, the mine owners will keep the graphics card in 24-hour full load operation, which is equivalent to the aging test all the time, so that the graphics card can quickly age. After a long time of mining, the stability and life of the graphics card will certainly be affected< br />

7. According to the provisions of the Supreme People's Procuratorate and the Ministry of public security on the standards for filing and prosecuting criminal cases under the jurisdiction of public security organs (1), Article 68 [illegal mining case (article 343, paragraph 1 of the criminal law)] in violation of the provisions of the mineral resources law, mining without obtaining a mining license, or entering a state planned mining area without authorization Anyone who mines in a mining area of great value to the national economy or in another person's mining area, or arbitrarily mines a specific type of mineral that is subject to protective mining as prescribed by the state and refuses to stop mining after being ordered to stop mining, thus causing damage to mineral resources with a value of more than 50000 to 100000 yuan, shall file a case for prosecution< (1) mining mineral resources without a mining license< (2) continuing to exploit mineral resources after the mining license has been cancelled or revoked< (3) mining mineral resources beyond the mining area specified in the mining license< (4) mining mineral resources not in accordance with the minerals specified in the mining license (except symbiotic and associated minerals); and< (5) other situations of mining mineral resources without mining license
mining without permission ring the period when the mining license is suspended according to law is regarded as "mining without permission without mining license" in this article
the amount of value resulting in the destruction of mineral resources shall be determined by the Department in charge of Geology and mineral resources at or above the provincial level after verification< According to the first paragraph of article 343 of the criminal law, those who violate the provisions of the mineral resources law, mine without a mining license, enter the state planned mining areas, mining areas of great value to the national economy and other people's mining areas without authorization, mine specific minerals that are protected by the state regulations without authorization, and refuse to stop mining after being ordered to stop mining, Whoever causes damage to mineral resources 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; Whoever causes serious damage to mineral resources shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years and shall also be fined.

8. digital currency is abbreviated as digiccy, which is the abbreviation of "digital currency" in English. It is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy

digital currency is different from the virtual currency in the virtual world, because it can be used for real goods and services transactions, not limited to online games. The early digital currency (digital gold currency) is a form of electronic currency named after the weight of gold. Today's digital currency, such as bitcoin, lightcoin and ppcoin, is an electronic currency created, issued and circulated by check sum cryptography

it is characterized by the use of P2P peer-to-peer network technology to issue, manage and circulate currency. In theory, it avoids bureaucratic examination and approval, so that everyone has the right to issue currency

extended information:

digital gold currency is a form of electronic currency named after the weight of gold. The typical unit of measurement for this currency is the Troy gram or troy ounces, although sometimes the golden Dinar is used

digital gold currency is funded by gold storage without quota or decentralized quota. By January 2006, digital gold currency suppliers held more than 8.6 metric tons of gold as reserves, worth about $154 million

the relevant person in charge of the central bank said that the digital currency research team of the people's Bank of China should establish a more effective organizational guarantee mechanism, further clarify the strategic objectives of the central bank's issuance of digital currency, do a good job in tackling key technologies, study the multi scenario application of digital currency, and strive to launch the digital currency issued by the central bank as soon as possible.

9. This is the future trend; Like banknotes replacing precious metal currencies, the market share shows a logarithmic curve shape of acceleration in the later stage, and the benefits to any developed economy will be more and more obvious. At the same time, virtual goods will also progress with the development of virtual currency, so the trading platform of virtual procts will graally grow up, such as Witkey, eight, one, etc. It is inevitable that the development of a thing will bring the development of the surrounding things
at the same time, there will be some changes and some unknown problems, which need to be adjusted and dealt with at that time
I hope I can help you. Good luck.