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The impact of the US election on the bitcoin

Publish: 2021-03-30 09:09:01
1. Why should the United States recognize bitcoin as a legal financial instrument? Its purpose is to bring bitcoin into the financial regulatory system to protect the interests of ordinary investors. This is the same starting point as our central bank's announcement to ban bitcoin. A typical representative case is a case called Trenton? In 2011-2012, he amassed 700000 bitcoins with a total value of more than US $4.5 million, but he suddenly closed the trust in August 2012, and then claimed that bitcoin was not money and was not regulated by the US government. In order to protect the interests of investors, in August 2013, the court ruled that bitcoin as a financial instrument should be regulated by the US government. This is interpreted as "the United States recognized bitcoin"
2. Because he thinks that what he is doing is more popular than bitcoin speculation
3.

[characteristics of bitcoin]

the reason why bitcoin is anonymous is that they are built on a decentralized system. Bitcoin is completely independent, and the outside world cannot shut it down through some kind of core infrastructure

"anonymity" is very useful for those who don't want to associate their name with the goods or services they purchase. What outsiders see is nothing more than the address of your bitcoin wallet and a string of random words and numbers. Besides, there is no information that can identify themselves. For relatively paranoid users, they can also create many new wallets for free.

bitcoin is designed to allow anonymous ownership and use rights. Bitcoin can be stored in personal computers in the form of computer files (wallets) or in third-party hosting services. No matter how it is saved, bitcoin can be sent to anyone on the Internet through its address. The distributed characteristics of P2P and the design of no central management mechanism ensure that no organization can manipulate the value of bitcoin or create inflation. Its main features are as follows:

< UL >
  • decentralization

  • < / UL >

    bitcoin is the first distributed virtual currency, and the whole network is composed of users without a central bank. Decentralization is the guarantee of the security and freedom of bitcoin

    < UL >
  • circulation around the world

  • < / UL >

    bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin

    < UL >
  • exclusive ownership

  • < / UL >

    the private key is required to manipulate bitcoin, which can be stored in any storage medium in isolation. No one can get it except the user himself

    < UL >
  • low transaction cost

  • < / UL >

    bitcoin can be remitted free of charge, but in the end, a transaction fee of about 1 bit will be charged for each transaction to ensure faster execution of the transaction

    < UL >
  • no hidden cost

  • < / UL >

    as a means of payment from a to B, bitcoin has no cumbersome limit and proceres. If you know the other party's bitcoin address, you can pay

    < UL >
  • cross platform mining

  • < / UL >

    users can explore the computing power of different hardware on many platforms


    [bitcoin acquisition method]

    first of all, your computer should be installed with the latest version of bitcoin client. After opening the client, all the transaction information data on the network will be automatically downloaded to the local. Depending on the network speed, this process may take several hours. At this time, the account balance is 0. Users can ask friends to send some coins, but a more feasible way is to do mining or merchant acquisition[ 6]

    < UL >

  • mining as a miner

  • < / UL >

    to be a miner is to proce bitcoin with one's own computer. In the early client, there was the option of mining, but it has been cancelled. The reason is very simple. With more and more people participating in mining, it may take several years for one to dig 50 coins, So miners generally organize into miners' guild, and they dig together. Specific mining methods, you can go online search. This method is already very unrealistic

    < UL >
  • as a businessman, you can buy coins g by miners with money, open an online shop to sell things and collect bitcoin, and even go to the exchange to speculate in coins. There are many websites providing bitcoin exchange services, which can be converted into almost any kind of currency. If you really don't know how to exchange, you can also come to laoan for help


    the difficulty of bitcoin mining is directly proportional to the amount of money that has been mined. The more difficult it is to mine, the more difficult it will be. After 20 million bitcoins are mined out in 2030, the remaining 1 million bitcoins will probably take decades to be mined out. And bitcoin has no central issuing authority, which is generated by network nodes through complex calculations. Anyone can run bitcoin software on a computer to make it. During circulation, enter the quantity 1 on the client software, then come to the other party's bitcoin address and sign with the payer's password. After that, the bitcoin is the other party's




    relevant information and pictures are from the Internet: search through the Internet for

    relevant reference sources are as follows:

    http://finance.chinanews.com/it/2013/08-09/5141755.shtml

    http://it.sohu.com/20130410/n372202897.shtml

  • 4. It has been sent, please check
    5.

    Personally, I don't think blockchain development technology is reliable. It's just what kind of R & D technology group you choose. Even if you choose a better R & D technology group, you may not be able to achieve the blockchain technology you require. Different instries and fields have different technical indicators, not to mention this complex new technology. On the other hand, let the R & D technology group agree with the machine instry thinking you need to apply, otherwise the procts developed will not meet your requirements. We focus on the professional field of blockchain technology, and the project has been carried out for more than a year, but it has not been successfully implemented. The difficulty is that overthrowing the traditional model will touch a great chain of interests, so it must be a process of graal infiltration

    according to what you said: blockchain based on machine learning can be understood as asking a technical question


    I hope the above answers can help you

    6. After attending the offline virtual currency investment seminar, many citizens bought unknown virtual currencies. At the beginning, it was said that the short-term income was dozens of times, but now it is down by more than 90%. The project operator denied any previous profit commitment, saying the loss was "normal". Many investors said they would call the police together

    yesterday, a number of investors called the hotline to say that they hoped more people would know about this and prevent them from falling into a trap when investing< In April last year, Mr. Lin learned from his friend pan that the other party was running a virtual currency project called dascoin, and pan invited him to attend an investment lecture

    Pan rents a store in Haitan villa in the urban area and often holds lectures on virtual currency investment“ I heard that once, he said that dascoin has a good prospect, and the income in a few months may be dozens of times. He also showed me the records of other people's investment on their mobile phones, many of which were bought for hundreds of thousands of yuan. " Mr. Lin said that he knew very little about virtual coins. He heard that someone had made money for "bitcoin". After listening to Pan's publicity, he decided to try it. "At that time, the price of a Darth coin was more than 1 yuan. I transferred it to Alipay for 7000 yuan and bought 5000."

    "Pan said that the coins would not arrive until three months later. He also gave something similar to the U shield of online banking, saying that it was a" virtual currency wallet "and that he wanted to buy and sell virtual coins through that login account." Mr. Lin said that he had been waiting for more than half a year, but he didn't receive the virtual currency. "I'm sorry to urge him because I'm a friend. In March this year, I questioned a few words in the investment group, and he kicked me out of the group."< Mr. Zheng, who is engaged in hardware business, knows little about virtual currency. He met Mr. Pan under the introction of a friend and invested nearly 250000 yuan to buy dascoin four times“ Pan said that virtual currency should be minted in batches. Let me wait patiently. " Mr. Zheng said that the first class was more than a year. During this period, he saw the price of a dascoin drop from more than 1 yuan to 8 cents today

    according to the query website provided by pan to Mr. Zheng, dascoin was issued in May last year. At the beginning of the issue, the highest price was 1.5439 yuan per coin. Since then, it has been on a downward trend

    on June 27, pan informed Mr. Zheng that all the virtual coins had been cast and had been entered into his account“ The dascoin I bought for 250000 yuan is only 20000 yuan according to the latest price. " Mr. Lin asked why the losses were so serious“ Pan said that the market is not good, this is a normal market fluctuation. "

    on July 1, Mr. Zheng found pan with his "virtual currency wallet" and asked the other party to show how to sell virtual currency on the spot. He said that Pan told him that the domestic trading volume of dascoin was small and it was difficult to sell it. "He said that it could be traded abroad, but I said that it could be sold. As a result, he said that it would be operated through the English interface, and he would not do it. Anyway, it means that I can't sell these coins."<

    answering "I don't know" in the face of questions has also blacked the reporter

    the investors calling the news hotline said that in a "dascoin" investment group, there are nearly 100 investors, most of them from Wenzhou. At present, a rights protection group composed of more than 10 of them has been established. According to the rough statistics of the members of the group, the amount of their investment alone exceeds one million yuan. At present, they have not obtained the income promised by the other party

    "pan is just a leader. His family name is a woman surnamed Liao. We suspect that more investors are kept in the dark." Mr. Lin said that after the dascoin project, Liao also set up other similar virtual currency projects. He wanted to remind investors to be careful of falling into the trap

    yesterday, the reporter contacted pan and Liao. In the face of the above investors' doubts, pan refused "I don't know!" Then hang up and pull the phone black reporter<

    Liao denied that he had promised to get high returns by investing in dascoin. "Investment is inherently risky, and it's normal to go up and down."

    according to instry insiders, the virtual currency instry is a mixture of good and bad, so we must do our homework before investing, and do not blindly follow the trend. When investing, it is best to buy mainstream currencies from well-known large platforms. This personage reminds, fictitious money market quotation fluctuation is huge, often rise abruptly drop, want to bear ability according to oneself risk investment
    7. Compared with the U.S. dollar, the king of global currencies, bitcoin is still a "small potato". Although the market value of bitcoin has risen to more than $1 trillion, the proportion is still small compared with the circulation supply of $19.4 trillion. However, it can not be ignored that the market value of bitcoin has increased about 55 times in the past four years and more than 100 times in the past seven years. Therefore, it is not impossible to compare bitcoin with the US dollar

    a sub committee of the House Financial Services Committee will discuss how to prevent access to KB financing, including cryptocurrency. The US national security, international development and monetary policy sub committee will hold a hearing. The hearing will assess the "overall growth" in the popularity of cryptocurrencies as banks begin to tighten financing measures because of cryptocurrencies, the Commission said. In addition, US Treasury Secretary John Yellen has mentioned at least three times in the past five weeks that the use of cryptocurrency is a key issue
    the Xueshuo innovation blockchain Technology Workstation of Lianqiao ecation online is the only approved "blockchain Technology Specialty" pilot workstation of "smart learning workshop 2020 Xueshuo innovation workstation" launched by the school planning, construction and development center of the Ministry of ecation of China. Based on providing diversified growth paths for students, the professional station promotes the reform of the training mode of the combination of professional degree research, proction, learning and research, and constructs the applied and compound talent training system.
    8. What impact will the new tax regulations have on the bitcoin

    "the new rules may hinder the growth of the scale of bitcoin transactions." Mark Williams, a former Federal Reserve Bank censor, believes that the new IRS rules, coupled with extreme daily price fluctuations of up to 10%, make bitcoin less economical and efficient as a trading currency
    however, there are also different opinions that the notice of the IRS indicates a positive step towards the goal of widely accepted digital currency
    "the IRS guidelines actually legalize bitcoin as a kind of value preserving property. Dutiable means legal, and bitcoin has reached a new level in its currency career. " Said Ajay, a professor of information systems at Arizona State University
    since its birth, bitcoin has had a roller coaster like experience, from its insignificant unit price to its total market value, which is equal to the GDP of the whole United States. Although bitcoin has been so popular, it has always been a niche game. Only about 25 percent of Americans have heard of bitcoin, according to a survey in February. Recently, a polling agency also randomly interviewed about 2000 people around the United States as a sample, and found that although about 48% of people have heard of bitcoin, most of them said they would not invest in it, and only 13% said they would choose bitcoin as an investment variety

    please refer to.
    9.

    The start of Sino US trade war is good for the currency market, and bitcoin will rise sharply
    what is the significant impact of Sino US trade war on the subsequent development of cryptocurrency

    currency war: instead of fighting a trade war, the United States is rapidly provoking a currency war of the highest level

    take a look at the above answer

    I feel that a trade war will lead to many people running to choose things like bitcoin. After all, it claims that it will not be affected, in order to preserve its assets

    10.

    On July 25, 2020, the U.S. federal court said for the first time that bitcoin and other virtual currencies are a kind of "currency" covered by the country's laws, which means that bitcoin is not only a commodity transaction category, but also money with monetary attributes. However, the U.S. federal government does not regard it as legal tender, so there is no need to over read it. The U.S. dollar is still far from collapse, As far as the current world monetary pattern is concerned, it is difficult for us dollar to replace its position for the time being. Even if the United States recognizes bitcoin as a currency, it is difficult to compare it with the US dollar. It is only for various reasons

    there is no doubt that blockchain technology will lead the market reform, optimize the current financial payment system, and form a more secure, fast and stable monetary system. There are many kinds of air currencies in the market, but they will not become the leading role. The last big corner is still in the central banks, The cryptocurrency launched by the central bank itself is the real mainstream in the future

    I'm roseview finance. Please pay attention to more questions. Welcome to exchange and discuss with us. I hope it can help you

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