The significance and value of bitcoin speculation
Publish: 2021-05-17 20:43:57
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
according to the notice on preventing the financing risk of token issuance, there is no approved digital currency trading platform in China. According to China's digital currency regulatory framework, investors have the freedom to participate in digital currency transactions at their own risk
warm tips: the above information is for reference only. Before investing, it is recommended that you first understand the risks existing in the project, and understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market. Investment is risky, so we should be cautious when entering the market
response time: December 28, 2020. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
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
according to the notice on preventing the financing risk of token issuance, there is no approved digital currency trading platform in China. According to China's digital currency regulatory framework, investors have the freedom to participate in digital currency transactions at their own risk
warm tips: the above information is for reference only. Before investing, it is recommended that you first understand the risks existing in the project, and understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market. Investment is risky, so we should be cautious when entering the market
response time: December 28, 2020. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
2. In essence, bitcoin is just a piece of computer software. For most people, it's just a pile of code that they can't understand. It's almost impossible to see its value
the most familiar and easy to understand is Bill Gates and his Microsoft Windows operating system. Windows has entered into thousands of households and instries. People have improved proctivity and created great value through this computer program. As a result, Microsoft even once became the company with the highest market value in the world
What about bitcoin, also a software with high "value"“ In fact, many people want to know what kind of value bitcoin brings to people and things, thus supporting the consensus on bitcoin and steadily boosting its market value to more than 1 trillion< Miners and other participants in mining ecology
to put it simply, bitcoin mining machine is a machine that keeps making profits for miners. It can lay eggs like a chicken and proce value, and even go to the road of ten billion rich. This is the value of bitcoin for miners, mining airport operators, mining pools (service providers) and other people who participate in the upstream and downstream of mining ecology. Miners are the most important participants for bitcoin, and for miners, the miner that can proce bitcoin is a "hen" that can lay golden eggs. Although the journey of mining is not as simple as expected, and it's really a bit like opening a "chicken farm", which needs to provide all kinds of suitable environment, maintenance and "food" (energy) transportation to successfully proce "golden eggs" for profit, the miners are attracted by the benefit distribution mechanism of bitcoin, and new miners are constantly joining in
2. User
the full name of bitcoin system is a peer-to-peer e-cash system, so for users, it can be used to initiate transfer transactions. So why use it to transfer money? To put it bluntly, it means saving time, effort and money. Bitcoin does not need to transit through banks, third-party payment companies and so on to reach the other party's account directly, which eliminates the processing time, operation manpower and fees of third-party institutions. The fees collected by banks and other financial institutions through financial services can show how huge the fees are. In fact, many people don't understand the concept of the third-party guarantee agency very well. Most of the time, we transfer money for free, because in the credit society, small amount transfer is completed through the credit line between different financial institutions, which is not a real transfer
3. Savers and speculators
because bitcoin has value in use, and has many high-quality characteristics, especially like gold, and some of its characteristics are better than gold. It also has the function of "partial" risk aversion and value saving like gold, so it is graally regarded as gold, an international hard currency, and began to be hoarded by many people
4. People in poor and backward or "turbulent" areas
e to the low transfer cost and short time required by bitcoin. In many poor and backward countries, there is no need to build expensive network infrastructure to transfer money through encrypted network. Bitcoin's infrastructure is built by miners all over the world, which does not need the burden of poor countries' governments. There is no intermediate cost for payment and payment of salaries, which can save a lot of money< There are many such corners in the world, which are remote but rich in mineral resources or natural resources such as water conservancy and wind power. For example, there are many coal mines in some areas, but e to the high transportation cost, they can not be transported out. At the same time, e to the lack of people, the power generated by thermal power, hydropower stations and wind farms built in these areas is very surplus, and the economy of these areas is often relatively backward. At this time, they need and welcome miners to settle in. Miners not only bring a lot of jobs, but also convert the local surplus energy into power resources, and then generate a lot of income through bitcoin mining. This is actually equivalent to storing the energy value that might have been surplus and wasted through bitcoin network, and then paying the local government and people through electricity charges, Drive the local economy<
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.
the most familiar and easy to understand is Bill Gates and his Microsoft Windows operating system. Windows has entered into thousands of households and instries. People have improved proctivity and created great value through this computer program. As a result, Microsoft even once became the company with the highest market value in the world
What about bitcoin, also a software with high "value"“ In fact, many people want to know what kind of value bitcoin brings to people and things, thus supporting the consensus on bitcoin and steadily boosting its market value to more than 1 trillion< Miners and other participants in mining ecology
to put it simply, bitcoin mining machine is a machine that keeps making profits for miners. It can lay eggs like a chicken and proce value, and even go to the road of ten billion rich. This is the value of bitcoin for miners, mining airport operators, mining pools (service providers) and other people who participate in the upstream and downstream of mining ecology. Miners are the most important participants for bitcoin, and for miners, the miner that can proce bitcoin is a "hen" that can lay golden eggs. Although the journey of mining is not as simple as expected, and it's really a bit like opening a "chicken farm", which needs to provide all kinds of suitable environment, maintenance and "food" (energy) transportation to successfully proce "golden eggs" for profit, the miners are attracted by the benefit distribution mechanism of bitcoin, and new miners are constantly joining in
2. User
the full name of bitcoin system is a peer-to-peer e-cash system, so for users, it can be used to initiate transfer transactions. So why use it to transfer money? To put it bluntly, it means saving time, effort and money. Bitcoin does not need to transit through banks, third-party payment companies and so on to reach the other party's account directly, which eliminates the processing time, operation manpower and fees of third-party institutions. The fees collected by banks and other financial institutions through financial services can show how huge the fees are. In fact, many people don't understand the concept of the third-party guarantee agency very well. Most of the time, we transfer money for free, because in the credit society, small amount transfer is completed through the credit line between different financial institutions, which is not a real transfer
3. Savers and speculators
because bitcoin has value in use, and has many high-quality characteristics, especially like gold, and some of its characteristics are better than gold. It also has the function of "partial" risk aversion and value saving like gold, so it is graally regarded as gold, an international hard currency, and began to be hoarded by many people
4. People in poor and backward or "turbulent" areas
e to the low transfer cost and short time required by bitcoin. In many poor and backward countries, there is no need to build expensive network infrastructure to transfer money through encrypted network. Bitcoin's infrastructure is built by miners all over the world, which does not need the burden of poor countries' governments. There is no intermediate cost for payment and payment of salaries, which can save a lot of money< There are many such corners in the world, which are remote but rich in mineral resources or natural resources such as water conservancy and wind power. For example, there are many coal mines in some areas, but e to the high transportation cost, they can not be transported out. At the same time, e to the lack of people, the power generated by thermal power, hydropower stations and wind farms built in these areas is very surplus, and the economy of these areas is often relatively backward. At this time, they need and welcome miners to settle in. Miners not only bring a lot of jobs, but also convert the local surplus energy into power resources, and then generate a lot of income through bitcoin mining. This is actually equivalent to storing the energy value that might have been surplus and wasted through bitcoin network, and then paying the local government and people through electricity charges, Drive the local economy<
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.
3. 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.
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.
4. Personal opinion: (answer the above questions one by one)
1. The value and significance of bitcoin: 1. The designer's original intention is to build a free, non central and orderly currency trading world It is a kind of realization of the designer's idea, and it is also a kind of experiment or game) 2. The time used in calculation is obtained as reward (the proposition of calculation is that infinite people's life is limited) 3. Cryptographic technology ensures its security. At the same time, it is well used and packaged Because in the early days of currency issuance, it was just a favorite of geek enthusiasts It is more like financial bonds in the early stage of the subprime crisis in the United States)
2. Businesses accept bitcoin: there are multiple needs: 1. Attract more avant-garde customers. 2. Geek lovers, etc.
3. The ratio of real money to real money is all left to the free market, which can be artificially speculated It didn't make any sense.
1. The value and significance of bitcoin: 1. The designer's original intention is to build a free, non central and orderly currency trading world It is a kind of realization of the designer's idea, and it is also a kind of experiment or game) 2. The time used in calculation is obtained as reward (the proposition of calculation is that infinite people's life is limited) 3. Cryptographic technology ensures its security. At the same time, it is well used and packaged Because in the early days of currency issuance, it was just a favorite of geek enthusiasts It is more like financial bonds in the early stage of the subprime crisis in the United States)
2. Businesses accept bitcoin: there are multiple needs: 1. Attract more avant-garde customers. 2. Geek lovers, etc.
3. The ratio of real money to real money is all left to the free market, which can be artificially speculated It didn't make any sense.
5. 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 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. 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
warm tips:
① the above information is for reference only and does not constitute any investment suggestions
② there are risks in entering the market, so investment should be cautious
response time: February 4, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
unlike all 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. 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
warm tips:
① the above information is for reference only and does not constitute any investment suggestions
② there are risks in entering the market, so investment should be cautious
response time: February 4, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
6. The main reason is that he went to the Chicago Board of trade last year and was concerned by global capital investors.
7.
Decentralization: bitcoin is the first distributed virtual currency. The whole network is composed of users without a central bank. Decentralization is the guarantee of bitcoin's security and freedom
Global Circulation: bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin
exclusive ownership: 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
low transaction cost: bitcoin can be remitted free of charge, but a transaction fee of about 1 bitfen will be charged for each transaction to ensure faster transaction execution
no hidden cost: as a means of payment from a to B, bitcoin has no cumbersome quota and proceres. If you know the other party's bitcoin address, you can pay
cross platform Mining: users can explore the computing power of different hardware on many platforms
bitcoin is the earliest cryptocurrency and the largest cryptocurrency so far. Bitcoin and blockchain were born at the same time. Like gold, the issuance and launch of bitcoin can not be broken through, and the total amount is up to 21 million. Gold is not issued by any country, it is issued by nature, so most people agree that gold is money
bitcoin is as like as two peas in gold, and how much is the bit currency? Let's take a look at the enring joke in the coin circle. Nine years ago, a programmer traded 10000 bitcoins for two pizzas. This is the first transaction of bitcoin. It also shows that bitcoin can circulate like money. This is the embodiment of the value of bitcoin
if blockchain is compared to flour, then bitcoin is steamed bread made of flour. Flour can also be used to make rolls, pancakes, etc., but the first food made of flour is steamed bread
similarly, bitcoin is the first application of blockchain technology. However, in addition to bitcoin, blockchain technology itself can also be used for many purposes, such as blockchain can effectively solve identity forgery and data tampering of central supervision system
< H2 > source: Internet bitcoinHot content