Bitcoin and the ninth city

2. Bitcoin, which does not belong to any country, was originally a kind of network virtual currency. On November 1, 2008, a person who called himself Satoshi Nakamoto posted a research statement on a secret cryptography review group, stating his new idea of electronic currency bitcoin came out, and the first transaction of bitcoin was completed. Bitcoin (bitcoin: bitcoin) is a kind of network virtual currency, which can buy real-life goods. It 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 anywhere in the world. Therefore, it is used as a money laundering tool by some criminals
the content of this article comes from: financial code of the people's Republic of China: application edition, China Law Press

3. The market price of bitcoin has reached more than US $10000, with a value of more than RMB 70000, and the price will continue to rise in the future. Specific information can be viewed on the third-party market platform. Bitcoin is an investment proct with high risk and high rate of return, so investment should be cautious.

4.

(1) Bitcoin was originally a kind of network virtual currency to buy real-life goods

(2) advantages:

< UL >

completely decentralized, without issuing institutions, it is impossible to manipulate the number of issues

anonymity, tax exemption and supervision free

robustness. Bitcoin is completely dependent on P2P network and has no distribution center, so it cannot be shut down externally

cross border

it's difficult for the cat to survive

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(3) disadvantages:

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the vulnerability of trading platform

transaction confirmation takes a long time

the price fluctuates greatly

the public did not understand the principle, and the traditional financial practitioners resisted

5. It is easy to understand that the main reason is that the negative impact on China's economy and society is unforgivable. First of all, these computer geniuses have a good desire to create algorithmic digital currency, but because it has no value base, the consideration of bitcoin is dominated by underground economy from the beginning, and then it becomes a tool for speculation. Secondly, every surge of bitcoin is related to Chinese speculators, which is basically the result of domestic speculation and malicious speculation. This kind of malicious speculation not only has a serious impact on China's financial market, but also creates conditions for many illegal funds to flee. Third, bitcoin and other algorithmic currencies have never served the real economy in China, and have promoted the development of the real economy. On the contrary, let the funds serving the real economy flow into the market for speculation, which has a serious crowding out effect on the real economy. Fourth, under the above circumstances, bitcoin and other so-called "algorithmic digital currencies" will surely become increasingly tools for money laundering, drug trafficking, smuggling, illegal fund-raising and other illegal and criminal activities, and the responsible government must absolutely own this market.

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. Bitcoin was not born in 1997. The concept of bitcoin was put forward in 2008 and officially born in 2009
when bitcoin was first born, it was worthless. In 2013, the price of bitcoin once soared to 8000 yuan, and now it is about 4000 yuan
of course, with the development of bitcoin, other counterfeit currencies are also rising. For example, Ruitai, Laite, Ethereum, doggy and other digital currencies.

8. 👍
now we can also participate in providing storage space to help those customers who need to store content to keep content fragments, and they will get storage fees; Providing retrieval services, bandwidth, and quickly providing the content customers need will get retrieval fees; Packed blocks, each block confirmed, the network will give a reward. Statistically speaking, the return is higher than that of bitcoin mining.