Bitcoin diamonds plummeted

1.

The concept of bitcoin was founded by Nakamoto

On December 12, 2010, when bitcoin graally became a hot topic, he quietly left and disappeared from the Internet

As a descendant of samurai, Nakamoto was born in 1949 in Beppu, Japan. His mother, quanzi, was a Buddhist and brought him up in poverty

When his parents divorced in 1959, Nakamoto's mother remarried and immigrated to California with her three sons. Nakamoto and his stepfather don't get along well, but according to his younger brother Arthur, Nakamoto showed his talent in mathematics and science when he was very young, but also showed his "fickle and strange interest"

Nakamoto graated from Caltech, majoring in physics. Upon graation, he joined Hughes Aircraft and worked in defense and electronic communications. Later, Nakamoto worked for the U.S. military, and his experience was classified as a state secret. Now searching his files, his life is a blank

In 2008, in an e-mail group discussing information encryption on the Internet, he published an article outlining the basic framework of the bitcoin system. In 2009, he established an open source project for the system, officially announcing the birth of bitcoin. On December 12, 2010, when bitcoin graally became the climate, he quietly left and disappeared from the Internet

2.

now bitcoin bubble serious, may collapse, the market needs to be cautious. But unlike tulip, it will rise slowly after falling, rather than collapse

because the total amount of bitcoin is limited. mining costs are getting higher and higher. It can also be preserved for a long time at a low cost. At the same time, about 40% of bitcoin is in the hands of a very small number of people, which can achieve high control

you need to judge its future & quot; Collection value & quot; Up or down

what you should pay attention to is its & lt; Collection value & quot; It does not depend on itself, but on the public's enthusiasm for it and its general recognition. It's changing all the time

from the perspective of coin holders, the more people they buy, the better. This will lead to the & lt; decline of bitcoin; Collection value & quot; Up

there are many coin holders who strongly advocate bitcoin and turn shit into gold. With the success of advocacy, more and more people buy money. Excrement really becomes gold. Advocacy is no longer advocacy, but truth. This paradox is also what Soros said; Reflexivity Principle & quot; It's the embodiment of the idea. This is also the most painful and unacceptable thing for rational people who do not speculate

at present, I personally feel that the price is too high. There are too many speculators in the short term. There are some bubbles. Investment should be cautious. You can buy some in the next slump and collect them for a long time

you should not believe the following two statements:

1. Bitcoin is the perfect currency in circulation in the future. It has high use value, so it is very valuable

2. Bitcoin is deceptive and has no use value, so it is not valuable

one answer is that bitcoin is like a diamond. It does

diamond's & lt; Use value & quot Love is eternal), which was hyped by De Beers in the last century. Until then, diamonds were not worth money. And the total supply of diamonds is monopolized and controlled by giants such as De Beers Is "diamond" the most wonderful marketing scam in the world in the 20th century? Is it really worthless? There are many good answers to this question.)

De Beers constantly claims that diamonds are the strongest objects and can symbolize eternity. People graally accepted it

and Nakamoto develops bitcoin, and believes that its decentralization, blockchain technology and other characteristics are suitable for the future as a perfect e-currency (the initial title of the paper is "a peer-to-peer e-cash system"). With the expansion and publicity of bitcoin's followers, more and more people have accepted this idea. But now there are still a large number of people who don't know anything and feel that the price is rising sharply, so they buy bitcoin. After buying it, reverse rationalize it and persuade yourself to accept the concept that bitcoin is a perfect electronic currency

this is & lt; The community of imagination; The process of formation. The essence is similar. It doesn't matter whether these concepts are true or not. It's important: how many people do you trust. If more people believe in it, it will come true

In the end, diamond has become an extremely successful marketing case. The symbolic meaning of diamonds has been formed all over the world; The community of imagination;. Instead of collapsing like tulip, it has become a sustainable instry

from the current trend, bitcoin is working in this direction. There is a public opinion game between advocates and bearers to see who has more power to influence the huge group of passers-by to identify or not to identify with bitcoin. Both sides exaggerate, saying that bitcoin is the Holy Grail of changing human society and that bitcoin is a Ponzi scheme. At present, because of the continuous rise (and it has doubled after several sharp falls), the advocates have the upper hand

3.

When bitcoin nodes connect with each other, they will get transactions they don't have from each other. But because bitcoin has accumulated a large number of transactions for a long time, it is very difficult for two nodes to compare which transactions you are missing / which transactions I am missing one by one

to solve this problem, Nakamoto Tsung invented the important technology of block chain. Nodes use blocks to synchronize transactions, which ensures the data consistency of all nodes, and ensures the uniqueness of the blockchain by competing for block packing rights (that is, mining)

① a block and blockchain
a packet formed by a transaction over a period of time is called a block. On average, bitcoin generates a block every 10 minutes, and each block is linked to the previous block to form a blockchain

② the transaction data is synchronized with the block as a unit
the block is numbered from 1, so after node a connects with node B, it is convenient to synchronize the transaction data as long as the block number height of both parties is checked. For example, if node A's own block height is 100 and node B's block height is 110, all it needs to do is request B to synchronize the 10 blocks 101-110<

③ reward for packed blocks
in order to ensure that there are nodes to pack bitcoin transactions, bitcoin rules stipulate that nodes of packed transactions will receive bitcoin as reward
A. part of the package reward comes from the transaction fee paid by the transaction creator (100-1000 transaction fee per KB)
B. the other part comes from the initial distribution of 21 million bitcoins. At the beginning, the reward is 50 bitcoins for each block. After that, the reward will be halved for every 210000 blocks (about four years). Until about 2140, the reward for each block is less than 1, and the total reward for each block is 21 million bitcoins, This is the source of the total amount of 21 million bitcoins (2099999.97690000 to be exact)
after 2140, the package reward will only come from the transaction fee paid by the transaction creator<

④ competition for block packing right
node packing transaction only needs to consume very low-cost network and computing resources. The existence of packing reward (at present, the packing reward for each block is 25 bitcoin, about 40000 yuan), makes a large number of nodes want to pack transactions. In order to ensure the uniqueness of the blockchain, bitcoin rules stipulate that nodes use a method similar to "coin tossing" to compete for the right of transaction packaging. Nodes constantly toss coins. Whoever first throws the results that meet the rules will get the right to pack the transaction in this block, as well as the package reward of this block

4. At present, BCD mining is mainly done with video cards. There are many BCD mining pools in China and abroad. It's better to choose the mine pool that has cooperation with BCD official. It's relatively stable, such as aapool. When you get up early, you can form cooperation with the official website. The mine pool is stable and the income is stable.

5.

The Open Market Committee expects to raise interest rates three times next year, and the market expects to raise interest rates two times. On the other hand, bitcoin is better than the market www.toubi.com According to the data above, it rose from more than 5400 points in the early 15th to more than 5600 points today. The increase of interest rate by the Federal Reserve not only did not cause the decline of bitcoin, but also caused a small rise. What makes bitcoin rise under the influence of such a big policy?

Tags: bitcoin of the Federal Reserve

< H2 > 2. Why? From November last year to the beginning of this year, the virtual digital money market represented by bitcoin has taken China's policy as the wind vane. Looking at China's global price trend, I can tell you the story behind each candle chart along the way. The range of rise and fall is very large, but all investors can see clearly why it will rise and why it will fall, Bitcoin is a kind of network virtual currency, which is characterized by decentralization, anonymity, can only be used in the digital world, does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Its characteristics make us firmly believe that bitcoin will become a mainstream currency in the future. Just like diamonds, at the beginning, someone picked up some shiny things by the river or on the beach, which was caused by...

Tags: bitcoin price, bitcoin

< H2 > 4

having been speculating in stocks and currencies for so many years, I can't help thinking about whether it's better to play bitcoin or stocks? In this paper, the author does not intend to say this problem from the perspective of the text, after all, everything in the market has good and bad, play that is not important, play that can earn real money is the most important. As long as you can make money, you can play anything you like. I am now a loyal player of bitcoin (I like to play, for it...

Tags: play bitcoin, play stock

< H2 > 5. 796 exchange Zhu Rong: on the rise and fall of bitcoin price and qualified investors, Bitcoin rose to 8000 yuan. Shangfang is precisely because in the relevant domestic policy vacuum period, as bitcoin investment heats up, the media pursues popularity in order to attract attention from the bottom to the top, and a large number of positive reports continue to appear on CCTV, which makes bitcoin increase social attention overnight, thus attracting a large number of investment capital inflows, Bitcoin price

< H2 > 6. Investigation on the causes of bitcoin crash: high leverage eventually leads to bitcoin crash

after four months of silence, bitcoin and other virtual currencies once again attracted the attention of the market because of the crash. Analysts said the reason for bitcoin's collapse was e to leveraged trading. On Monday night, the price of bitcoin on btc-e, a bitcoin trading platform, dropped rapidly to $309, nearly 40% from the highest price of $498 on that day. However, after the slump, bitcoin prices slowly rebounded. The new hope of electronic currency: the political and economic changes behind the rise and fall of bitcoin. Edwin van der Brom, a former bitcoin trader and Dutchman, is in endless regret these days. Three years ago, Edwin, who had just received the master's degree in finance and economics of Erasmus University Rotterdam,

tags:, the rise and fall of bitcoin, electronic currency, Edwin

8. "bubble curse" -- the five major reasons for bitcoin to give investors some doubts.

... The secrecy and performance limitations of block chain technology make it most suitable for the upward trend of corporate bitcoin. Let investors think that the bull market of cryptocurrency has come. But skeptics point out that the bull market will not come so soon. From April to may 2017, this digital currency rose more than 100%. Bearers believe that this market is familiar. From March 2017 to...

Tags: bitcoin investment

< H2 > 9. David Berger: the bitcoin ecosystem lacks trust

... David Berger, CEO and founder of the digital currency Committee (DCC), concted an interview. David Berger talked about the main challenges bitcoin faces, Why let people build their own businesses based on blockchain technology and why trust is crucial to the bitcoin ecosystem. Cointelegraph (CT): can you talk about the difference between the responsibilities of the digital currency Committee and the bitcoin fund? David b...

Tags: bitcoin ecosystem

< H2 > 10? BTCC spot trading day K-line chart shows that last Saturday (October 22), bitcoin prices rose from 4296 to 4539, a daily rise of 5.7%. The highest increase was from 22:45 to 23:20 on Saturday night, rising from 4354 yuan to 4539 yuan, the highest at present! In less than an hour, the price of bitcoin rose 185 yuan! In less than two weeks, the price of bitcoin broke through 4300 on October 11

6. There should be no problem. Maybe it's the psychological effect. Just have a rest. But it may also be a slight concussion. There's no need to worry about it. Now medicine can cure it by knocking. It's to put a turban around the head, then knock with your hand, drag the cloth, and cure it by shaking. If you really don't feel at ease, go to the hospital and have a check. It's about 30 yuan, I hope I can help you. Best wishes

7. Do you want to do it? It's ready-made