Live on bitcoin

1. The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system
unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. 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.

2. Bitcoin is a kind of virtual currency, which is characterized by decentralization, anonymity, and can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged in the world
reference link: http://wuhan.pbc.gov.cn/wuhan/2929354/3393665/index.html

3. What is bitcoin bitcoin Bitcoin is a kind of virtual currency in the form of P2P. Point to point transmission means a decentralized payment system. Bitcoin does not rely on specific currency institutions to issue, it is generated through a large number of calculations of specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. 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
bitcoin is a kind of network virtual currency, which is similar to Tencent's q-coin. You can use bitcoin to buy some virtual items, such as clothes, hats and equipment in online games. As long as someone accepts it, you can also use bitcoin to buy real-life items
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 has no more than 10.5 million in the first four years, and the total number after that will be permanently limited to 21 million. Another point is that you can use computers to make bitcoin<
detailed introction
bitcoin is a kind of electronic currency proced by open source P2P software. Bitcoin has also been paraphrased as "bitgold". The concept of virtual currency bitcoin was first proposed by Satoshi Nakamoto in 2009. Now bitcoin is also used to refer to bitcoin's open source software designed and released according to the ideas of Satoshi Nakamoto and the P2P network built on it. Unlike most currencies, bitcoin does not rely on a specific central issuing institution, but uses a distributed database throughout the P2P network nodes to record currency transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. For example, bitcoin can only be used by its real owner, and only once, after the payment is completed, the original owner loses the ownership of the bitcoin
features
bitcoin is designed to allow anonymous ownership and use rights. Bitcoin can be stored in personal computers in the form of computer files (wallet) or in third-party hosting services. No matter how it is saved, bitcoin can be sent to anyone on the Internet through its address

5. Bitcoin: also known as "bitcoin", is a kind of network virtual currency. Internet users can use bitcoin to buy some virtual goods, such as clothes, hats and equipment in online games. Internet users can also use bitcoin to buy real goods
the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's ideas, open source software was designed and released, and P2P network was built on it. 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 a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation.

6. It's fake. Don't believe it. This is a Ponzi scheme on the Internet

7.

In terms of currency attribute, bitcoin is considered as worthless currency in reality because it is a kind of virtual currency and has no issuer. Nowadays, many countries are restricting its circulation, so there are still many people who do not understand it. But it does have the property of money

first of all, the essence of money is a commodity formed in the process of long-term exchange, which is fixed as a general equivalent. That is to say, without all the modifiers, money itself is a commodity for exchange. Bitcoin can also be used for exchange. It can also be used as a medium of exchange, as a commodity of exchange. It can also make online payment directly initiated by Party B and paid to the other party without any financial institutions

Secondly, bitcoin was born in the period of financial crisis. It is a decentralized digital currency composed of a series of complex computer-generated codes. It does not depend on any organization or country, nor does it have an issuer. It is completely composed of P2P network, cryptography, consensus algorithm and other blockchain systems with existing technologies, and it emphasizes that anyone can mine, share and share information Buy, sell or receive bitcoin. This is the feature of bitcoin as a commodity for exchange

the reason why many countries do not recognize bitcoin as a currency in circulation is that it has too much imagination and is not easy to control as a national level. Although it is very convenient, it is very abstract, so it is rejected by many countries

8. Starting point:
Ningbo Station
start from
Ningbo Station
walk to
Ningbo Youth Palace
take bus No.
20, get off at
Manao road
walk to
Ningbo north bus station
Terminal: Ningbo north bus station
the whole journey is about 3.13km, and the estimated taxi charge is about 12 yuan.