Registration of otcoin mining transaction
On January 3, 2009, the first batch of 50 bitcoins were g up on a small server in Finland. On May 21, 2010, the first bitcoin transaction: programmer Laszlo hanyecz bought a $25 pizza coupon with 10000 BTC. This transaction gave birth to the first fair exchange rate of bitcoin.
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Satoshi Nakamoto, a self styled Japanese American, is often translated by Japanese media as the founder of bitcoin protocol and its related software bitcoin QT, but his real identity is unknown. In 2008, Nakamoto published a paper called "bitcoin: a peer-to-peer electronic cash system", which describes an electronic currency and its algorithm called "bitcoin"
In 2009, he released the first bitcoin software and officially launched the bitcoin financial system. In 2010, he graally faded out and handed over the project to other members of the bitcoin community. Nakamoto is believed to hold about one million bitcoins. These bitcoins were worth more than $1 billion at the end of 2013since the publication of the paper, the real identity of Nakamoto has long been unknown to the outside world. Julian Assange, founder of WikiLeaks, claims that Nakamoto is a cypherpunk. In addition, some people said that "Nakamoto is an anarchist. His original intention is not to control digital cryptocurrency by a certain government or central bank, but to become a global free flowing currency that is not regulated and controlled by the government."
main entry: bitcoin history
on November 1, 2008, Nakamoto published a paper entitled "bitcoin: a point-to-point e-cash system" in the cryptography mailing list of "metzdowd. Com". This paper describes in detail how to create a decentralized electronic trading system, and this system does not need to be built on the basis of mutual trust between the two parties. Soon, on January 3, 2009, he developed the first client program to implement the bitcoin algorithm, concted the first "mining" and obtained the first batch of 50 bitcoins. This also marks the formal birth of bitcoin financial system
on December 5, 2010, ring the WikiLeaks leak of US diplomatic cables, the bitcoin community appealed to WikiLeaks to accept bitcoin donations to break the financial blockade. Nakamoto expressed his firm opposition, saying that bitcoin is still in its infancy and cannot afford conflicts and disputes. Seven days later, on December 12, he published his last article in the bitcoin forum, mentioning some minor problems in the latest version of the software. Then he did not show up and e-mail communication was graally terminated
I think bitcoin China is a reliable platform. It is the first and largest bitcoin trading platform in China. It is operated by Shanghai satuxi Network Co., Ltd. and was established on June 9, 2011. The team members are mainly from China, Silicon Valley and Europe
bitcoin world is based on credit, and Chinese brands of bitcoin have high credibility in the global bitcoin field
See a lot of people selling bitcoin mining machines, why don't they go mining? Do they make more money selling machines than digging bitcoin
On the gold road, the most profitable is the ticket. Those who dig money are all gold miners. Mining machine manufacturers are those who sell water and shovels on the way to gold mining. The so-called saying is that they have heard the news one after another, and they specialize in the technology instry. It's OK to do a good job in their own specialty. They can't earn any moneythe purpose of enterprises is to make money. Since selling mining machines can make money, why should they be involved in the mining instry. Wu Jihan in mainland China is worth tens of billions of yuan only by selling mining machines, and he is engaged in large-scale mining in many countries. It's also very limited. Since selling equipment can make money, why do you have to mine
another example is the e-commerce instry. I don't know whether it makes money or not, but I know that agent operation must make a lot of money. Now the hot small program, businesses through small programs to earn money, I do not know, but those who help develop small programs companies must make money
in the later stage, the Singapore non-profit foundation can issue relevant legal opinions to do legal compliance and prove that the operation of the company is in line with the current laws of Singapore The main contents of the legal opinions are as follows:
1. White paper modification: the white paper of the project should be modified where it does not comply with the laws and regulations of Singapore, and the lawyer should issue a professional legal compliance opinion
2. Token non securitization certificate: the lawyer issued a professional legal opinion to clarify in detail that the token issued by the project does not have the nature of securities
but there is no problem, so it can not be determined
few investors and poor liquidity; Lack of supervision and serious manipulation.
fortunately, it is such a leaky system that it will probably never grow to a point where it will have adverse effects or impacts on the world economy
however, I feel it necessary to point out the problem
bitcoin is more like a data transmission system than a cash trading system. Well, the problem is that it doesn't make a deal by offering a digital cash deal in dollars, but by importing a whole new currency. So here we will ask, is this really desirable
one of the fatal problems: the distribution of initial wealth
when the Federal Reserve prints money, it will not issue millions of dollars of checks randomly to thousands of Americans. The work it does is: 1. Buy some other assets (usually US Treasury bonds) in the free market to inject more cash into the system than before; Or, 2. Lend money to the bank, the bank lends money to others, and finally spends the money
the important thing is that these people don't get money for free. They either sell their assets for cash, or borrow money to spend it and eventually pay it back (also paying interest)
the bitcoin system does not have a central bank to issue currency. It has an "algorithm" that allows bitcoin to be "mined" through a rather puzzling mechanism. Basically, it's randomly assigned to people who are early in the tasting season. It's a very good system for early entrants (free money!). It's a ridiculous system for real money, not to mention the obvious lack of expansibility (what happens if everyone mines all day long?) In order to solve this problem, the supply of bitcoin is algorithmically limited, which once again brings benefits to early entrants, but this leads to the second problem:
the second fatal problem: endogenous deflation
economics course time! Deflation results from the appreciation of currency relative to other commodities (such as the decrease of commodity prices). More directly, deflation occurs when people expect the currency to appreciate relative to other commodities, and the price trend continues to decline
question: if money is expected to appreciate, why do you spend it? Answer: Generally speaking, you don't spend money
the supply of bitcoin is set to slow down at a known rate. It eventually reached about 21 million. As shown in the picture
we can see the rate - well, I agree that if it is foreseeable inflation, it may not be desirable from an economic point of view, but it is reasonable. However, if it is to slow down the issuance, if you design a currency to subvert the world order, what you would like to see is this graph:
then what if there is at least a constant growth rate? You may be willing to do that, because that's the only way to adapt to more people using it
but bitcoin is not designed to be a practical currency, it is designed to make early entrants rich. Once again, it's a hoax
for a quick thinking experiment, we assume that more people use bitcoin compared with the growth of demand for bitcoin. In this way, we can expect the dollar price of bitcoin to rise rapidly. Now suppose I have a bitcoin, I also have a dollar bill, I am willing to buy a bottle of Pepsi Cola, which payment method will I use? Obviously, the devalued dollar should be spent more than the rapidly appreciating bitcoin
in the best case, the limitation of bitcoin supply will cause severe deflation, squeeze most of the business activities of bitcoin pricing, and connive at speculation in the trading market. If you are not willing to use it and others are not willing to use it, the so-called benefits of transparency and low transaction costs will not bring you any benefits< The third fatal problem is the lack of convertibility. People have a misunderstanding about the so-called intrinsic value of money. In fact, there is no so-called intrinsic value of money. The nominal value of money is limited to the other money they can trade for. One dollar is equivalent to a certain amount of euro, one euro is equivalent to a certain amount of yen, and one yen is equivalent to a certain amount of dollar. One dollar can be stored in the bank, change a certificate of deposit, and then the certificate of deposit can be changed into one dollar. It can be turned into a commercial or personal check and then into cash or deposit. When you travel, it can be changed into a traveler's check in yen or euro. If you have to pay for sandwiches, the sandwich shop also charges because the money can be converted into something else. It's a wonderful circular balance.
entry level:
entry level: 130 euro, 1118 yuan, suitable for ordinary workers or people with little money on hand, or investors who are afraid of risks and want to try first. The initial entry-level token is 1000, and 50 mg of gold will be sent at the same time. Gold can be traded on the platform; The obtained token can participate in a split. After the split, the token can be doubled, and then it can be exchanged for mining
if you want to mine, you must have a token. At present, the ratio of token for mine is 5:1, that is, 500 tokens for a mine, and a mine can dig 100 Vicat. This ratio will rise with the mining of Vicat, which means that the investment cost will rise
after the entry-level split, 2000 tokens can be exchanged for 4 mines, and one mine can dig 100 Vicat coins, so there will be 400 Vicat coins. The initial price of Vicat coins is 0.5 euro, that is, the value is 200 euro, which has great potential for growth in the future< Introction to the investment plan of Vicat (2): entering the class:
entering the class:
entering the class: 530 euro, 4558 yuan, suitable for middle-level workers and ordinary civil servants, or investors who are afraid of risks and want to try first. The initial token of entering the class was 5000, and 250 mg of gold was sent at the same time. Gold could be traded on the platform; The obtained token can participate in a split. After the split, the token can be doubled, and then it can be exchanged for mining
after class division, 10000 tokens can be exchanged for 20 mines, and one mine can dig 100 Vicat coins, so there are 2000 Vicat coins. The initial price of Vicat coins is 0.5 euro, that is, the value is 1000 euro, and then hold the coins until they rise to a certain price
Introction to Vicat investment scheme (3): professional level
professional level:
professional level: 1030 euro, 8858 yuan, suitable for investors who have a little spare money and want to make money, or who are afraid of risks and want to try first. The initial token of professional level is 10000, and 500 mg of gold will be sent at the same time. Gold can be traded on the platform; The obtained token can participate in a split. After the split, the token can be doubled, and then it can be exchanged for mining
after the class split, 20000 tokens can be exchanged for 40 mines, and one mine can dig 100 Vicat coins, so there are 4000 Vicat coins. The initial price of Vicat coins is 0.5 euro, that is, the value is 2000 euro, and then hold the coins until they rise to a certain price
Introction to Vicat investment scheme (4): senior management level
senior management level:
senior management level: 3030 euro, 26058 yuan, which is suitable for investors with investment vision who have a little spare money and want to make money. The initial token of senior management level is 30000, and the gold is 1500 mg, which can be traded on the platform; The obtained token can participate in a split. After the split, the token can be doubled, and then it can be exchanged for mining
after the senior management level split, 60000 tokens can be exchanged for 120 mines, and a mine can dig 100 Vicat coins, so there are 12000 Vicat coins. The initial price of Vicat coins is 0.5 euro, that is, the value is 6000 euro, and then hold the coins until they are sold at a certain price
Introction to Vicat investment scheme (V): tycoon class
tycoon class:
tycoon class: 5030 euro, 43258 yuan, which is suitable for investors who have spare money and want to make money. The initial token of tycoon class is 60000, and the gold can be traded on the platform; The token obtained can participate in the second split. After the split, the token will be quadrupled, and then go to the mining site for mining
after the separation of tycoon class, 240000 tokens can be exchanged for 480 mines, and one mine can dig 100 Vicat coins, so there will be 48000 Vicat coins. The initial price of Vicat coins is 0.5 euro, that is, the value is 24000 euro, and then the coins will be sold at a certain price
the above investment scheme is based on pure static analysis. The proportion of token for mine is 5:1, which will change with the appreciation of Vicat in the future. For more information, please visit: Vicat China http://www.weikabicn.com/?p=48