Quantitative easing bitcoin

1. On November 1, 2008, a self styled Satoshi Nakamoto posted a research report on a secret cryptography discussion group. The report expounded his new idea of electronic currency bitcoin came out
on January 3, 2009, Nakamoto g up the first batch of 50 bitcoins on a small server in Helsinki, Finland
on May 21, 2010, the first bitcoin transaction: Laszlo hanyecz, a Florida programmer, bought a $25 pizza coupon with 10000 BTC
on July 16, 2010, the price of BTC rose by US $0.08 from US $0.008. The first sharp price fluctuation shows the rise of new things
on July 17, 2010, the first bitcoin platform was established
on November 6, 2010, the price on mtgox reached $0.5, and the bitcoin economy reached $1 million
on December 7, 2010, the first portable device to portable device transaction was realized on Nokia 900, with a transaction volume of 0.42btc
on February 9, 2011, the price reached US $1 for the first time, which is equivalent to US $1. The news that BTC is equivalent to us dollar has been widely reported by the media, which has aroused people's great attention, and the number of new users has increased greatly. In the next two months, bitcoin and pound sterling, Brazilian currency, Polish currency exchange trading platform has opened
on March 18, 2011, the BTC / USD exchange rate hit a seven week low, falling to US $0.7
on August 20, 2011, the first bitcoin conference and World Expo were held in New York. Among Google trend counties, bitcoin's attention reached a new high, with a price of $11 at that time
on November 14, 2011, the price of bitcoin hit a new half year low of $1.99
on September 15, 2012, the bitcoin conference was held in London. At this time, the price of bitcoin was $11.8
on September 27, 2012, bitcoin fund was founded, and the price of bitcoin was $12.46
on November 25, 2012, the first bitcoin conference in Europe was held in Prague, Czech Republic. At this time, the price of bitcoin was $12.6
on February 19, 2013, bitcoin client v8.0 was released. At this time, the price of bitcoin was $28.66
on April 10, 2013, BTC set a record high price of $110
on May 9, 2013, BTC Chinese, the largest bitcoin reporting website www.sosobtc.com The company obtained the investment fund Union Square's US $5 million round a investment, and the price of bitcoin was US $112.09 at this time< On May 28, 2013, the Department of Homeland Security banned the virtual currency service of Liberty Reserve, a Costa Rican exchange company, for its suspected xiqian and unlicensed fund transfer business, U.S. prosecutors said that this will become the largest international xiqian lawsuit in history, with the scale of absorbing money reaching 6 billion US dollars. A large number of users, including China, will lose all their money. At this time, the price of bitcoin is 128 US dollars
in June 2013, Netcom said that the United States will withdraw from qe3, deflationary bitcoin and quantitative easing monetary policy, which are the relationship between the two
on June 27, 2013, the German Conference made a decision: holding bitcoin for more than one year will be tax-free, which is considered by the instry to recognize the legal status of bitcoin. At this time, the price of bitcoin is $102.24
on June 28, 2013, mtgox obtained the monetary service license issued by the financial crime enforcement network office of the U.S. Department of the Treasury. Transaction standardization may mean that bitcoin is on the right track, government risk is reced, and its pace of integration into the display economy will be accelerated. At the same time, it will play an exemplary role in other virtual currencies. At this time, the price of bitcoin is $97.99
on November 28, 2013, the bitcoin trading price of Mt. GOx, a popular bitcoin exchange, broke through $1000, reaching a record high of $1073
on November 29, 2013, the trading price of bitcoin on Mt. GOx, a popular exchange, hit a record high of US $1242, while the price of gold was US $1241.98 an ounce, surpassing that of gold for the first time.

2. The development history of bitcoin in China is as follows:
trading platform launched on June 9, 2011
price of bitcoin in China reached 150 yuan on June 9, 2011
registered users exceeded 8000 on May 27, 2012
trading volume on May 9, 2012 exceeded 2000
trading volume on May 27, 2012 ranked second in the world
trading volume on May 29, 2012 ranked eighth in the world
double authentication function launched on August 28, 2012
February 2013 -The price of 15 bitcoin in China returned to 100 yuan
on April 10, 2013, the trading volume reached 28600 yuan
on April 10, 2013, the price of bitcoin in China reached 1944 yuan
on April 21, 2013, the United One Foundation launched a donation of bitcoin and donated 15 bitcoin to one foundation, For Sichuan disaster relief
launch mobile phone verification function on May 15, 2013
launch recharge free service charge on July 1, 2013
launch TenPay online banking automatic recharge online on September 3, 2013
implement transaction free service charge on September 24, 2013
transaction volume exceeded 50000 on October 22, 2013
bitcoin China price reached 1300 yuan on October 22, 2013
launch market price list function on October 28, 2013
CCTV on October 30, 2013 The price of bitcoin in China reached 2630 yuan on November 9, 2013, according to the report of Taiwan's two sets of "global financial link"
PayPal, the world's largest online payment platform, announced that it will cooperate with three bitcoin payment service providers to test bitcoin payment, but the payment service is only limited to virtual proct transactions, and users can only use bitcoin to buy e-books, electronic music, electronic games, electronic music, electronic games, etc And mobile phone ringtones
bitcoin is a new type of virtual currency, which is generated by a large number of calculations based on special algorithms. According to rigorous calculations, the stock of bitcoin is limited, with a total of 21 million, no more or less. After being created, bitcoin has rapidly become a "fixed asset" pursued by Internet speculators
in February 2014, mtgox, the world's largest trading platform, went bankrupt, casting a shadow on the whole bitcoin instry. Since the middle of 2014, the price of bitcoin has been in a downward trend for a long time
on August 12, 2015, the price of a bitcoin was only close to 1700 RMB
on the afternoon of February 8, 017, the inspection team of the business management department of the people's Bank of China interviewed the main principals of nine bitcoin trading platforms in Beijing, including "China bitcoin", "bitcoin trading network", "bitcoin", "yuncoin", "Yuanbao", "btc100", "jucoin", "coin shell" and "dahonghuo", which are engaged in bitcoin trading, Report the current problems of bitcoin trading platform, prompt the possible legal risk, policy risk and technical risk of the trading platform, understand the operation of the nine trading platforms, and put forward clear requirements: it is not allowed to engage in financial business such as financing currency, participate in money laundering activities, and violate the relevant national anti money laundering and anti money laundering regulations Foreign exchange management, payment and settlement and other financial laws and regulations shall not violate the state tax and instrial and commercial advertising management laws and regulations. If any bitcoin trading platform is found to have violated the above requirements and the circumstances are serious, the inspection team will request the relevant departments to shut down and ban it according to law

References: http://money.163.com/15/0926/09/B4E9TIAH00253B0H.html
http://www.ke.com/wiki/%E6%AF%94%E7%89%B9%E5%B8%81%E4%B8%AD%E5%9B%BD

3.

As for bitcoin's sharp rise and breaking the $48000 mark, I believe no one will expect that. What are the reasons for bitcoin's sharp rise? Will bitcoin continue to soar in the future? With these questions, let's analyze this problem. Here are my personal thoughts and opinions, for your reference and discussion only

problem analysis

the above has explained various factors of bitcoin soaring, but none of these factors is under our personal control, and when you invest, you can't guarantee that you can bear the loss, so when you choose to invest in bitcoin, you are doomed to pay for your decision, The world is so big and there are so many procts to invest in. Why choose bitcoin with such high risk? The above is my personal views and ideas, for reference only

4. [crazy bitcoin, what is it
on January 3, 2009, the first bitcoin was born
bitcoin is a kind of virtual currency proced by open-source P2P technology software. This concept was first proposed by Satoshi Nakamoto (or pseudonym) in 2009. Bitcoin currency system is independent, and its operation does not depend on the support or credit guarantee of central bank, government, large enterprises
at the beginning of its birth, bitcoin was just a geek's toy. Now it is the fastest growing virtual currency
in the past, US $1 = 1300 bitcoins. Now, US $1 = more than US $200. Its value has increased nearly 300000 times
on the 10th of this month, the exchange rate of bitcoin against the US dollar hit a new high of 263, then dropped sharply to US $63 the next day, and now it has returned to the level of US $120. No roller coaster is more exciting than the trajectory of bitcoin's exchange rate against the US dollar over the past ten days
the total amount of bitcoin money graally increased according to the designed rate, and the increase rate graally slowed down, and finally reached the limit of 21 million in 2140. The decentralized design structure of bitcoin ensures that theoretically, no institution can control the total amount of bitcoin or create inflation. In other words, there are only 21 million bitcoins
according to the estimation of the number of simultaneous online transactions of bitcoin, the United States, Germany and Russia are the most widely used countries of bitcoin, which is related to the choice of monetary policy of the three countries
for example, from 2000 to 2013, e to the volatile monetary policy of the Russian central bank, Russia's inflation rate rebounded every few years and is still at a high level of 7%. The continued quantitative easing by the Federal Reserve and the long-standing opposition to the European Central Bank in Germany are all related to the popularity of bitcoin in these countries. In addition, these three countries have relatively advanced computer science level, and have more advantages in accepting and applying bitcoin< In an interview with China business daily, horserider, the moderator of bitcoin English Community Chinese edition, said that he does not think bitcoin is a perfect currency, but can sweep away the uncertainty brought about by monetary policy through strict mathematical logic. On the one hand, the emergence of bitcoin can enrich the variety of currencies, on the other hand, it may also be an impact for countries whose monetary policy is not serious enough

[what are the ways to get bitcoin
first of all, users can buy bitcoin in bitcoin trading markets such as mt.gox. At present, most countries in the world have online or offline markets where they can buy bitcoin with their sovereign currencies
secondly, users can obtain bitcoin by solving the mathematical problems in the transaction information package data block, which is similar to the process of looking for gold in the real world, so it is called mining, and the bitcoin obtained by users is paid as the "capital" for processing transaction information

[who is holding bitcoin?]
although the core developers of bitcoin have repeatedly emphasized that bitcoin is only an "experimental" project and repeatedly pointed out the risks of investing in bitcoin, this has obviously not dampened the enthusiasm of bitcoin enthusiasts
Chang Jia (pseudonym) is one of the most influential science fiction writers of the new generation in China. In an interview with our reporter, he described the intimate contact with bitcoin as a journey of "science fiction into reality"
from 2010 to 2012, Changjia purchased 2000 bitcoins in succession. He also recently sold ten of his science fiction collections in the bitcoin market at 0.07btc (about 35 yuan), which sold for 23.3 yuan at Jingdong Mall. He also plans to promote this practice to other science fiction writers, because he thinks it is convenient, fast and very safe
it seems that long clip only uses bitcoin as another common electronic currency (for example, q-coin), but in fact, like his partner horserider, his enthusiasm comes from his admiration for the idea that mathematical logic can build a fairer currency world, and bitcoin is just practicing this idea, although the results of this "experiment" are unpredictable for the time being
in June 2011, horserider accidentally saw an article about bitcoin in Google Reader's subscription, "at that time, I fell in love with bitcoin at first sight. In the evening, I began to buy bitcoin, and suggested that my friends also start to buy bitcoin." Horserider, who had been a PE fund manager for two years, described this in an interview with our reporter
it may be a professional relationship. Unlike long clip, horserider doesn't have much bitcoin cash, but holds more bitcoin denominated equity“ The company I invested in is mainly engaged in mining (bitcoin) and server promotion. At present, the P / E ratio is only about 1 or 2 times. Every week and every month, I will receive a certain amount of dividends, but the amount is not much. " Nevertheless, he is very confident in the future earnings of these stocks
in addition, the winklevos brothers used to be one of the "big players" of bitcoin, claiming that they own 1% of the total bitcoin mined
the brothers founded a social networking site called connectu and recruited Mark Zuckerberg. After Zuckerberg left to create Facebook, the brothers sued him, accusing Zuckerberg of stealing their ideas. The case ended with the winclavors brothers receiving $20 million in cash compensation and shares in Facebook

[is it a "Ponzi scheme"
although the developers and users of bitcoin take it seriously, from the very beginning, there has been a controversy around whether bitcoin is a "Ponzi scheme", but in theory, this "accusation" is not tenable< The securities and Exchange Commission (SEC) defines "Ponzi scheme" as "using the funds of new investors to pay for the early investors". In many Ponzi schemes, the initiators usually promise high-yield and low-risk investment to new investors, but in fact, the initiators only ince new investors to enter in order to pay income to early investors and use it for their own consumption, but rarely make real investment
in October 2012, the European Central Bank issued a report called "virtual currency schemes", which pointed out that, at least in theory, bitcoin is not close to the SEC's definition of "Ponzi scheme"
although the saying that "if the holder of bitcoin wants to cash it out, new users are willing to buy bitcoin" sounds like a "Ponzi scheme", there is no organization in the bitcoin community that can control the users' money and then disappear with it
in fact, users of bitcoin trade spontaneously in the community, and there are almost no intermediaries, and no one can directly benefit from the growing number of bitcoin holders
however, the recent drastic exchange rate fluctuation between bitcoin and the US dollar seems to indicate the beginning of a new value feast. No speculators are willing to be absent. Does it mean that the speculative value of bitcoin far exceeds its use value
horserider told our reporter that although many investors try to arbitrage through the exchange rate fluctuation of bitcoin, this is not the purpose of bitcoin design. Bitcoin itself is just a payment system“ Until now, speculation is still only the third level theme in the bitcoin English community. More community members are concerned about the improvement of payment agreement, the development of application software and the popularization of trade. "< However, horserider does not deny the significance of speculators. He believes that speculators are the lubricant of economic activities. The prosperity of American railway network and the rapid penetration of Internet technology are closely related to speculators

[is bitcoin suitable for donation< According to Huo Qingchuan, director of cooperation and Development Department of one foundation, one foundation has received a total of 65 bitcoin donations, with a market price of about 50000 yuan. This is the first time bitcoin has become a donation in China

bitcoin donation is not as simple as expected. China's law stipulates that no one is allowed to operate the transaction between RMB and virtual currency without a special license. But for those "farmers" who are diligent in digging money, their willingness to donate is enough

welcome to discuss~

5.

Bitcoin is a kind of P2P digital currency

reasons for blocking:

1. Vulnerability of trading platform. The bitcoin network is robust, but the bitcoin trading platform is fragile. Trading platform is usually a website, which will be attacked by hackers or shut down by competent authorities

The transaction confirmation time is long. When bitcoin wallet is first installed, it will consume a lot of time to download historical transaction data blocks. While bitcoin transaction, in order to confirm the accuracy of data, it will take some time to interact with P2P network, and the transaction will be completed only after the whole network is confirmed

The price fluctuates greatly. Due to the intervention of a large number of speculators, the price of bitcoin for cash fluctuates like a roller coaster. Making bitcoin more suitable for speculation rather than anonymous trading

4. The public did not understand the principle, and the traditional financial practitioners resisted. Active netizens understand the principle of P2P network and know that bitcoin has no legal person to manipulate and control. But the public doesn't understand, and many people can't even tell the difference between bitcoin and q-coin“ "No issuer" is the advantage of bitcoin, but in the view of traditional financial practitioners, "no issuer" currency is worthless

extended materials:

the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's idea, the open source software was designed and released, and the P2P network on it was constructed. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system

unlike most currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses the design of cryptography to ensure the security of all aspects of currency circulation

the decentralized feature and algorithm of P2P can ensure that it is impossible to artificially control the value of bitcoin by mass manufacturing. The design based on cryptography can make bitcoin only be transferred or paid by the real owner

This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 million

bitcoin can be cashed and converted into the currency of most countries. Users can use bitcoin to buy some virtual items, such as clothes, hats and equipment in online games. As long as someone accepts it, they can also use bitcoin to buy real-life items

on February 26, 2014, Joe Manchin, a Democratic senator from West Virginia, issued an open letter to a number of regulatory authorities of the US federal government, hoping that the relevant authorities would pay attention to the status quo of bitcoin's encouraging illegal activities and disrupting the financial order, and demanded that actions be taken as soon as possible to completely ban the electronic currency

from 12:00 noon on January 24, 2017, China's three major bitcoin platforms officially began to collect transaction fees

6. On November 1, 2008, a self styled Satoshi Nakamoto posted a research report on a secret cryptography discussion group, which expounded his new idea of e-money bitcoin came out
on January 3, 2009, Nakamoto g up the first batch of 50 bitcoins on a small server in Helsinki, Finland< On May 21, 2010, the first bitcoin transaction: Florida programmer Laszlo
hanyecz bought a $25 pizza coupon with 10000 BTC< On July 16, 2010,
the price of BTC rose by US $0.08 from US $0.008, showing the rise of new things
on July 17, 2010, the first bitcoin platform was established
on November 6, 2010, the price on mtgox reached $0.5, and the bitcoin economy reached $1 million
on December 7, 2010, the first portable device to portable device transaction was realized on Nokia 900, with a transaction volume of 0.42btc
on February 9, 2011, the price reached US $1 for the first time, which is equivalent to US $1. The news that BTC is equivalent to us dollar has been widely reported by the media, which has aroused people's great attention, and the number of new users has increased greatly. In the next two months, bitcoin and pound sterling, Brazilian currency, Polish currency exchange trading platform has opened
on March 18, 2011, the BTC / USD exchange rate hit a seven week low, falling to US $0.7
on August 20, 2011, the first bitcoin conference and World Expo were held in New York. Among Google trend counties, bitcoin's attention reached a new high, with a price of $11 at that time
on November 14, 2011, the price of bitcoin hit a new half year low of $1.99
on September 15, 2012, the bitcoin conference was held in London. At this time, the price of bitcoin was $11.8
on September 27, 2012, bitcoin fund was founded, and the price of bitcoin was $12.46
on November 25, 2012, the first bitcoin conference in Europe was held in Prague, Czech Republic. At this time, the price of bitcoin was $12.6
on February 19, 2013, bitcoin client v8.0 was released. At this time, the price of bitcoin was $28.66
on April 10, 2013, BTC set a record high price of $110
on May 9, 2013, BTC Chinese, the largest bitcoin reporting website www.sosobtc.com The company obtained the investment fund union
square's $5 million round a investment, and the price of bitcoin was $112.09< On May 17, 2013, the San Jose bitcoin conference was held with 1300 participants. At this time, the bitcoin price was US $119.1.
on May 28, 2013, the US Department of Homeland Security banned the virtual currency service of Liberty Reserve, a Costa Rican exchange company, for suspected xiqian and unlicensed fund transfer business, U.S. prosecutors said that this will become the largest international xiqian lawsuit in history, with the scale of absorbing money reaching 6 billion US dollars. A large number of users, including China, will lose all their money. At this time, the price of bitcoin is 128 US dollars
in June 2013, Netcom said that the United States will withdraw from qe3, deflationary bitcoin and quantitative easing monetary policy, which are the relationship between the two
on June 27, 2013, the German Conference made a decision: holding bitcoin for more than one year will be tax-free, which is considered by the instry to recognize the legal status of bitcoin. At this time, the price of bitcoin is $102.24
on June 28, 2013, mtgox obtained the monetary service license issued by the financial crime enforcement network office of the U.S. Department of the Treasury. Transaction standardization may mean that bitcoin is on the right track, government risk is reced, and its pace of integration into the display economy will be accelerated. At the same time, it will play an exemplary role in other virtual currencies. At this time, the price of bitcoin is $97.99< On November 28, 2013, the bitcoin trading price of Mt.
GOx, a popular bitcoin exchange, broke through $1000, reaching a record high of $1073
on November 29, 2013, the trading price of bitcoin on Mt. GOx, a popular exchange, hit a record high of US $1242, while the price of gold was US $1241.98 an ounce, surpassing that of gold for the first time.

7.

For this bitcoin, we all have a certain influence on it< because bitcoin has a group of people investing in 2021, it is in a very good state as a whole, which makes many people feel that bitcoin is a very good choice so they will choose to dig bitcoin at this time. We can also understand the occurrence of this event, because for many young markets, they still make us feel very good when facing this kind of thing, so what I don't understand is that nearly 20% of Internet cafes in South Korea choose to mine at this time, We all understand this, because bitcoin itself belongs to virtual currency{ RRRRR}

so this tells us that many people do not keep a good attitude in the process of choosing bitcoin, which will naturally have a very bad impact on us at this time