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Will bitcoin be recycled automatically

Publish: 2021-05-23 03:57:04
1. The withdrawal of bitcoin / lightcoin is automatically processed by the 24-hour system and automatically remitted in 15 minutes. According to the design principle of bitcoin / lightcoin network, if it is confirmed, it will go to the user's withdrawal address. Generally, it will take about 10 minutes, sometimes it may take 1-2 hours, which is decided by bitcoin / lightcoin network.
2. Today is not what it used to be. The price of virtual currency has fallen. Besides, the government does not support it. So you have to keep it as a commemorative coin!
3. After bitcoin was frozen,
Customer Service said that it would return to normal in seven working days,
if so,
can certainly handle cash withdrawal,
it is recommended to contact customer service in time.
4. First of all, bitcoin is a decentralized monetary system
for example, both RMB and US dollars are issued by banks, but bitcoin is similar to the treasure in a treasure hunt game. Everyone has the opportunity to "issue" bitcoin himself
in fact, the essence of special currency is a lot of special solutions generated by a lot of complex algorithms
the system will choose a correct answer every ten minutes. Whoever can find the correct answer in the first ten minutes will get a reward
the upper limit of bitcoin is 21 million. When bitcoin was born in 2009, each reward was 50 bitcoins
ten minutes after its birth, the first batch of 50 bitcoins were generated, and the total amount of money at this time is 50
then bitcoin grew at a rate of about 50 bitcoins per 10 minutes
when the total amount reaches 10.5 million (50% of 21 million), the reward will be halved to 25
when the total amount reaches 15.75 million (5.25 million new output, or 50% of 1050), the reward will be further halved to 12.5, and so on
therefore, bitcoin circulating in this mode can not be recovered to zero, because everyone is the issuer of bitcoin. Unless everyone clears their account number and no longer digs, bitcoin will always be active.
5. First of all, bitcoin is a decentralized monetary system. For example, both RMB and US dollars are issued by banks, but bitcoin is similar to treasure in a treasure hunt. Everyone has the opportunity to "issue" bitcoin himself
in fact, the essence of special currency is a lot of special solutions generated by a lot of complex algorithms. The system will choose a correct answer every ten minutes. Whoever can find the correct answer in the first ten minutes will get a reward. The upper limit of bitcoin is 21 million. When bitcoin was born in 2009, each reward was 50 bitcoins. Ten minutes after its birth, the first 50 bitcoins were generated, and the total amount of money at this time is 50. Then bitcoin grew at a rate of about 50 every 10 minutes. When the total amount reaches 10.5 million (50% of 21 million), the bounty will be halved to 25. When the total amount reaches 15.75 million (5.25 million new output, or 50% of 1050), the bounty will be further halved to 12.5, and so on. Therefore, bitcoin circulating in this mode can not be recovered to zero, because everyone is the issuer of bitcoin. Unless everyone clears their account number and no longer digs, bitcoin will always be active
(I wrote a short paragraph in the middle, which was easy to understand on the Internet, so I copied it.)
6. Unlike traditional currencies, bitcoin's operation mechanism does not rely on the support or credit guarantee of the central bank, the government and enterprises, but relies on the network agreement reached by the seed files in the peer-to-peer network. The decentralized and self-improvement monetary system theoretically ensures that no one, institution or government can control the total amount of bitcoin or create inflation. Its total amount of money graally increased at the designed rate, and the increase rate graally slowed down, and finally reached the limit of 21 million in 2140. 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 used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 million. The manufacture of bitcoin is the mining of personal computers
because the quantity is limited, it will not fluctuate with the fluctuation of financial currency. However, if the goods are converted into goods and traded in bitcoin, because the goods are affected by the fluctuation of market price, the quantity of bitcoin required will also change. To put it bluntly, it is not affected by finance, but it is reflected in the fluctuation of the value of goods and financial currency notes. In addition, this is like a rare item, because of its scarcity and speculation, it will also enhance its exchange value. With more and more people to develop, then the market price will eventually fall after reaching the peak in a period of time.
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