Foreign media bitcoin

2.

according to foreign media reports, with the growing popularity of bitcoin, central bank governors around the world have also expressed their views on this digital currency

Federal Reserve Bank of the United States

in December last year, at the monetary policy meeting of the Federal Reserve Bank of the United States, Janet Yellen, chairman of the Federal Reserve Board, was asked what she thought of bitcoin

According to Yellen, this kind of digital currency is a "highly speculative asset" and "cannot be legal tender". She added that it "plays a negligible role in the payment system" and that it "is not a stable store of value."

"the Federal Reserve Bank will not make any policy on bitcoin. Instead, we will only ensure that the banking institutions we supervise pay close attention to digital currency and properly manage their interaction with traders in the market. Moreover, we will monitor whether these banking institutions have fulfilled their responsibilities to combat money laundering and ensure the safety of banks. " Yellen said

at the end of November last year, Jerome Powell, who will replace Yellen as chairman of the Federal Reserve in February this year, also expressed his views on cryptocurrency. Cryptocurrencies "don't matter now" because "they're not big enough," he said

According to Powell, the financial risk brought by digital currency to the financial market is minimal“ They're not big enough, they don't matter now. " He said

European Central Bank

in October last year, Mario Draghi, President of the European Central Bank, said that cryptocurrency was not "mature" enough for the central bank to regulate management

"for anything new, people are always full of expectations, but also feel very uncertain. Now, as far as bitcoin and other cryptocurrencies are concerned, we don't think they are mature enough for us to consider standardized management. " He said

Draghi pointed out that tools like bitcoin have both advantages and disadvantages, and we need to weigh them carefully

"a lesson of the great financial crisis is financial innovation. As far as bitcoin is concerned, it is a financial and technological innovation. We should pay close attention to its potential risks while paying attention to it. " He said

Bank of Canada

in December last year, Stephen poloz, President of the Bank of Canada, also spent some time discussing cryptocurrency. He claims that buying digital currency is a gamble, not an investment

"perhaps no one can say clearly what their real value is. One can at most say that buying digital currency is buying risk. This makes it closer to gambling than investment. " "For people who want to buy cryptocurrency, what I want to say is that you should read the collateral to make sure you know what you're investing in," boloz said

According to boloz, the demand for digital currency will increase in the future. He added that the Central Bank of Canada was studying whether to issue its own digital currency

"bank staff are studying the conditions under which the central bank is more suitable to issue its own digital currency for retail transactions." He said

Reserve Bank of Australia

in December last year, Reserve Bank of Australia President Philip Lowe talked about bitcoin in a speech. He pointed out that this kind of digital currency will not be used in daily payment activities, and it can not be accepted so soon

According to Lowe, the reason is that the price of bitcoin is extremely unstable, the number of payments that can be processed at the same time is limited, the transaction and electricity costs are too high, and the management is too difficult

moreover, when bitcoin is only used as a payment tool, it "is more likely to attract those who want to trade in black or illegal economic activities."

Bank of Japan

at the end of 2017, Haruhiko Kuroda, President of Bank of Japan, said the price fluctuation of bitcoin was "extremely abnormal"

when asked if there will be a bubble in bitcoin, he replied, "I may not be qualified to evaluate it, but if you look at its trend, you will see that its price fluctuation is very abnormal. If you want to ask whether bitcoin has the same function as money, that is, as a payment or settlement tool, then my answer is No

investment should be cautious and private letter from mining machinery is needed

4. Yes, it can always be invested.

5. Now the Shandong Provincial Center for Disease Control and prevention is not responsible for the health certificate and vaccination. Major hospitals can do it, but some hospitals may be temporarily short of vaccines, so they can call the hospital before going, and the hospital can call 114. Today, I went to the central hospital and had no vaccine. I took a taxi in Jinan hospital (Jinan rehabilitation hospital)

6. Add: TMD below a few floors, on the bullshit. If you don't pay attention to or know about property rights protection, don't talk about it below. I wipe, to tell you the truth, if there are enough people using MSN, the labor and capital will use MSN early, who cares about the rotten TX of Mahua pain,. The villain who breaks the bridge.. Have you ever played fairy hunting and killing. I've played all of them. Who dares to say that finding immortals is before killing immortals? I think 70 +% is almost the same. The one who said he plagiarized has no evidence. How do you know those who were plagiarized have no opinion? How big is TX? How can a small company beat him

ha ha
I have also answered another question<
if you are interested, you can have a look at and
reprint the comments of netizens:
comment 1
thousands of wronged souls are buried in the "land",
the "down stream" agents make money,
the "city" does not have a plicate card,
"breaking through" with "people madly off the line,
the" brave "can't realize their heroic dream,
the" Scholar "has no intention to fight again,
the" real "can't be used,
"cards" lose skills and people
[D] drop your line [n] take your money [F] seal your number
comment 2

have you ever seen the online game that the server regularly maintains three times a week and randomly maintains n times- Find DNF
have you ever seen a game, not a game, but a person- Go to dnf
have you ever seen an Internet cafe network manager who is fucked by customers 100 times a day, 90 of which can't enter the game- DNF
do you want to know the online game that your bra is more expensive than the real one- Find DNF
friends! Have you ever played the game with the highest drop rate
have you ever played a game where the maintenance time is longer than the game time
my friend, have you ever played a game in which maintenance is more frequent than eating
have you ever played a game where the number of dropped calls is more diligent than eating
have you ever played a game with a server card that's worse than losing breath
have you ever played games in public forums that are more "strict" than the Cultural Revolution
have you ever played the game that money is grandfather
friends who haven't played, you will regret all your life. Now join us! The DNF of TX agent is waiting for you forever
our slogan is: no most card, only more card
as long as TX is there, WG will always be there
as long as you have money, it will always be God
service tenet: everything is in line with "money"
friends, what are you waiting for? Hurry up
our goal is: no entry, only no company
comment 3:

nowadays, DNF. G flies all over the world and kills the boss of the game. TX can't control it even more. When you see that it endangers your rights and interests, you should be ruthless. If you drop the line again, you will be killed without amnesty. You've never seen the event of sealing g. what do you mean? How many players' numbers did TX kill and how much money did TX blackmail? We don't care about it. We should pay attention to the machine card. If you drop the line again, we can bear it and seal the number, It's hard to bear,
to maintain the machine card's off-line title, and let people play together. If you are an indivial, you shouldn't speak for TX. TX doesn't buy HF server, and has the courage to develop it by itself. We admire him. It's a big deal, and we spend some money to support him. But now, how many players say what they really mean, how many are not angry, and seriously despise Tencent; Haofang battle platform;, Tencent came up with a & quot; QQ battle platform & quot
others give & quot; PPlive", Tencent came up with a & quot; QQlive"‘
when other people blog, Tencent will create QQ space
Grand & quot; Bubble Hall;, Tencent comes out & quot; QQ hall & quot
they have & quot; Thunderbolt;, Tencent comes out & quot; Super cyclone & quot
people have a strong dance group, Tencent has a QQ dazzling Dance..
people have a magic world, Tencent has a qq magic world.
now when TC goes out of the go kart, Tencent will come out of the QQ flying car
comment 4:
have you seen so many people complain about an online game in just two months
have you ever seen a game that, except ngeons and warriors, will drop when entering a picture, PK, channel change, character selection, and everywhere
have you ever seen a game in which the operator has no solution to account theft or deletion
have you ever seen a game in which one resurrection costs 2 yuan and one medicine costs several Jiao
have you ever seen a game that costs 3.5 yuan to set up a stall and more than 200 yuan for a set of fashion
have you ever seen a game in which there are more than n materials, and only 8 item boxes are given if RMB is not spent
have you ever seen a game that sucks every penny in the player's pocket like a vampire under the guise of forever free
have you ever seen a game that goes online, goes offline, goes online, goes offline, and is blocked if you do this several times in a row
have you ever seen a game in which level 1 trumpet brushes level 50 pictures without being blocked, while hard-working players are randomly blocked
have you ever seen a game that calls customer F and inquires for a long time, but customer f doesn't even ask what server you are
have you seen so many games of swindlers
have you ever seen a game that was deleted after posting on the official forum? Can't the player have any opinion
playing other games needs passion, playing DNF needs patience! We are here to have fun, not to have a meeting
players who have played Japanese and Korean DNF all know that the drop rate is so low? Is the synthesis rate that low? No wonder it's so hard to fight? Tencent said it did not modify the source code of the game
why is the loss rate, synthesis rate and strange AI of national service so low? For one reason, Tencent is depriving players of every cent
it's hard to beat. You need to buy Miller's revival coin! Drop rate to low, or let players buy red, blue, resurrection it
you Tencent are trying to cheat players! Cheat the player's money
but what? We spent money on fashion, red, blue and resurrection. What did you give players
off line, no reason title
is that how you treat players? 188 points of fatigue every day, there are 100 points wasted on off-line, weak! Are you worthy of the players
is the property of the game our property
TX sealed our number like this, it's not my property
it's our property. If he doesn't give it to us, isn't it legal to force robbery
isn't that cheating? I've been working on QQ for 3 months, and I've made more than 300W black diamonds! Is it reasonable to be so damned
is it wrong for those players who use the hook
it's their own technical problem that they can't seal the plug-in.
they even sealed our account
you've never seen a dark game block a player's account In addition to mu, but he blocked the player's account so that no one played the game)
we try our best to complain
complain about DNF until no one plays
this good company doesn't know how many works it copied
why is there no authoritative management organization to seal up this good company
Japan, Ma Huateng, your grandson<
you said Shanda copied your dnf
and you know how many works you copied
the ghost blowing lamp works. People have been locked up for three years
then I ask you how many years you should be locked up
you said you sb not sb
imitate the century's running karting, you drive a QQ fast car
imitate Jiuyou's Jinwu group, you can open a QQ Xuan dance
imitate the Grand Adventure Island, you open a QQ
imitate coral QQ, you come to Tengxun QQ and say coral plagiarizes you (you are so shameless, grandson, I've been surfing the Internet for 14 years)
imitate the special forces of Guangtong, you can cross the line of fire
imitate the grand battle platform, you open a QQ platform
imitate 51 space, you open a QQ space
imitate 123 input method, you have a QQ input method
imitate the grand bubble hall and open a QQ hall in the New Year
imitate Taobao, you have a pat net
imitate the perfect Zhuxian, you can find an immortal
you said you should be in prison for several years
as for the red diamond and yellow diamond of the Communist Party of China, your brain can think of it. 1
What do you learn? You are really a grandson
say which company which company plagiarizes you, you really talk like putting P
OK, now you seal my number (and it is sealed for no reason)
I couldn't help being blocked for three days before
how much time and money have you invested in this good game
now you just have one
have you ever thought about how players feel
if you don't have any hint, you can directly seal my number Customer service calls are even more outrageous. There is no answer in the past. What you say is nonsense. Please press what key to enter what key. You can go to see the customer service calls of other companies)
if you don't unseal our number
I will let you know until you have a reply
can ma Huateng beat the Internet users
did you explain on the official website after the title
you son of a bitch<
be conscientious
South Korean players said: our game props are updated n times in January
Chinese players said: our game props are updated n times in January
South Korean players said: we and our opponent PK are always very polite and ask each other to give more advice
Chinese players said: we and our opponent PK are always very strong in positioning each other
South Korean players said: we use the keyboard PK technique It's in place
Chinese players say: we use keyboard to type and curse people very fast
Korean players say: the more we play the game, the more happy we will be.
Chinese players say: the more we play the game, the more angry we will be.
Korean players say: we're studying how to get zero damage clearance.
Chinese players say: we're waiting for WG that can pass instantly.
Korean players say: we can't play the game There will be network delay
Chinese players say: we will get stuck in the game to smash the computer
Korean players say: our game is very entertaining. No wonder it's not hard to play
Chinese players say: our game is very commercial. Strange very abnormal
Korean players said: we will always have fun

7. I also hold bitcoin, but generally speaking, it is not very pessimistic. However, it can be expected that it will eventually have a peak. As for where this point is, it can be said that it has not been revealed in the past two years
actually, I am not clear about the technological development of bitcoin, but its financial logic can still be followed by rules, that is, the history of modern paper money
judging from the development history of modern paper money, it first originated from European financial banks or bank notes of early banks. Its issuance is based on the savings of users, and the holder can cash it at any time with the bank notes (exchange the bank notes for gold, silver and other precious metal currencies). However, only the banks can really grasp the information of the real reserve amount. Therefore, under the condition of asymmetric information, banks often issue bank notes in excess of the reserve amount for external borrowing and investment under the condition of good capital turnover, and recover the principal and interest when the debt matures, which can be described as a typical "white wolf with empty hands". In this process, the maintenance of banknotes depends on two aspects: one is the material basis of bank reserves, and the other is the public trust in the bank. The relationship between the two is complementary: imagine that a bank with poor credit can not attract deposits. The bank with good credit can attract deposits, and the more deposits it can attract, the more reserves it will have, The more banknotes that can be issued, the greater their financial influence, and in turn, the better their credit. However, with the deepening of social and economic control of bank vouchers, the degree and risk of bank bond bubble based on credit are increasing. Therefore, the risks to the macro economy and society are increasing day by day, and the potential risks posed by the political power authorities are also improving. As the first central bank in history, the Bank of England was born, and its significance is also in this. Legal money (current paper money) can be issued and circulated through the central bank. Of course, as in the era of banknotes, on the one hand, the issue of legal money is based on the reserve of the central bank, but it is also frequent that the issue of legal money exceeds the reserve in order to achieve a certain purpose of the government (such as stimulating social and economic development, making up the government deficit, etc.). Therefore, in the long run, inflation is an inevitable economic trend in a stable and developing normal society. It should be noted that with the development of the legal currency system, the state has stopped cashing legal banknotes in the form of legislation, and precious metals such as gold and silver have changed from the original functions of both currency (gold and silver currency) and commodity (gold and silver crafts) to the function of commodity for investment and value preservation in modern society, The legal paper money issued by the central bank has become a value symbol based on the authority's credit
therefore, we will examine the financial logic of digital currency led by bitcoin
the issue of bitcoin does not depend on a specific organization, but on the mining behavior of miners, that is to say, its issue is not controlled by an indivial organization, which determines the public attribute of the issue of bitcoin. Similarly, because of its public nature, no institution or indivial can provide reserve for its issuance. From this point of view, bitcoin is a symbol without value basis. However, e to a wide range of social participation, the public's trust in the special currency has formed the value base of its symbols. When the social participation is higher, the wider the scope of participation, the stronger the foundation, and even become a value symbol beyond a country or a region or even the whole world. Its complete credit attribute determines its complete bubble attribute. From this point of view, the risk is far greater than that of banknotes hundreds of years ago. There are two sources of credit in the inspection period. One is the public participation in investment, that is, the so-called "speculation", which shows great instability; The other is the strong belief of technology circles and some people in the currency circle in the technology behind digital currency, and this part of credit is relatively stable. From the current situation, the former constitutes the main body of the current bitcoin credit. Therefore, with the changes of government policies and investment market activities, the price of bitcoin presents great volatility. It is right to define it as investment goods rather than money
but is this bubble necessarily broken? This is not the case. As the former said, its credit base comes from two aspects, and at present, the first aspect is the main body. In the short term, the constant hype on the topic of bitcoin and the popularity of the blockchain technology behind it will further stimulate the public's participation and belief in technology, thus stimulating the improvement of bitcoin's credibility and strengthening its credit foundation. However, as time goes on, the price of bitcoin will continue to expand, and the entry threshold will also increase, which will largely limit the public participation of bitcoin. Finally, the participation of bitcoin will be limited to a small scope. That is to say, the trend of its development itself will damage its first aspect of credit base, Therefore, it is very likely that the price of bitcoin will reach the peak at a certain price in the future, forming a very high investment threshold. The price will hover at a certain high level, and its profit margin as a means of investment will be reced. Of course, if we consider the inflation of the French currency, we can think that the price of bitcoin will continue to rise slowly after a certain high. However, in the first place, credit expansion will also affect the development of credit technology in second aspects, which will probably lead to changes in its credit composition, and its price will graally stabilize, and its bubble attribute will also graally decrease, but it will not disappear absolutely, nor is it bubble burst. It always maintains the function of investment procts.
however, as in the history of banknotes, bitcoin's deepening influence on social economy will inevitably attract the attention of the authorities, thus forcing the authorities to take measures for control. The general direction of these measures depends on the degree of development of the concept and technology of digital currency, that is, the higher the degree of acceptance of the concept and technology, the more likely the authorities are to take compliance measures, so as to promote competition between legal digital currency and current digital currency through various means (economic means, financial means and legislative means), This is just like the competition between banknotes and banknotes hundreds of years ago. It can be predicted that if the value form of digital currency is recognized by the authorities and put into practice, it is likely to stimulate the overall rise of the price of digital currency in the short term to a certain extent; The implementation of legal digital currency (some people call it digital legal currency) is endorsed by the authorities, which will attract more funds and credit into the field of digital legal currency. As a result of these changes, the credit pattern of digital currency has changed and the inevitable digital legal currency has entered the circulation field, it is very likely that in addition to a few digital currencies with strong and firm credit will be transformed into "the role of precious metals in the era of digital currency", other digital currencies, especially the so-called digital currencies of ICO nature, Like the mixed banknotes issued by various banks hundreds of years ago, it is very likely that they will basically withdraw from the market and eventually form a digital currency pattern of "digital legal currency digital precious metal currency". This process will finally complete another transformation of monetary development in human history.