Germany uses bitcoin
Publish: 2021-05-24 19:54:33
1. bitcoin is a kind of P2P digital code. Bitcoin does not rely on specific currency institutions to issue. 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. The decentralized characteristics and algorithms of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin by mass manufacturing
bitcoin lacks stability, so it doesn't have "inherent value", it's just a virtual proct. If we recognize its legitimacy, it will have a significant adverse impact on the banks of all countries, and even can replace the currencies of all countries. Finally, a few people will manipulate the world's monetary system, which is a very dangerous existence. It's not money. Whether it's legal or not depends entirely on whether a country recognizes it as legal or not< At present, the United States, China and South Korea all think it is not a currency. Among the big countries, bitcoin is only recognized as the "unit of account" by the German Ministry of finance, but it is only a unit of account, which does not mean that it is mainly a currency.
bitcoin lacks stability, so it doesn't have "inherent value", it's just a virtual proct. If we recognize its legitimacy, it will have a significant adverse impact on the banks of all countries, and even can replace the currencies of all countries. Finally, a few people will manipulate the world's monetary system, which is a very dangerous existence. It's not money. Whether it's legal or not depends entirely on whether a country recognizes it as legal or not< At present, the United States, China and South Korea all think it is not a currency. Among the big countries, bitcoin is only recognized as the "unit of account" by the German Ministry of finance, but it is only a unit of account, which does not mean that it is mainly a currency.
2. Germany
at the end of June 2013, after the German parliament decided that bitcoin would be tax-free if it was held for more than one year, bitcoin was recognized as a "unit of account" by the German Ministry of finance, which means that bitcoin has been regarded as a legal currency in Germany and can be used to pay taxes and engage in trade activities< In August 2013, judge Amos mazant of Texas District Court ruled in a case of bitcoin virtual hedge fund that bitcoin is a kind of currency and should be included in the scope of financial regulation
legal status
bitcoin can still be considered as legal at present. In the world, bitcoin can be regarded as a virtual commodity and protected by law; If bitcoin cannot be officially recognized as a kind of currency by law, it may bring inconvenience to the businesses and indivials who accept bitcoin in tax declaration, because the businesses who accept bitcoin will be regarded as barter transactions, and such transactions are more troublesome than ordinary transactions in tax declaration
at the same time, bitcoin, as a commodity highly similar to currency, needs to meet the demand of anti money laundering. Bitcoin needs to be included in the personal property declaration, banking anti money laundering system, anti insider trading, anti market manipulation and other systems in terms of transaction and possession. Bitcoin exchanges and storage institutions may also need government supervision and licensing. Some fast-growing bitcoin exchanges and payment service providers are actively exploring cooperation with regulatory agencies to bring bitcoin payment into the regulatory framework of anti money laundering and anti-terrorism financing by applying for licenses and actively communicating with regulatory authorities
in Europe, the European Central Bank published a report on "virtual currency architecture", and the French bitcoin trading platform obtained the PSP qualification. On December 6, 2012, the central bank wrote in the report: "this report is the first attempt to provide a basis for discussing the virtual currency system. While these systems may play an active role in financial innovation and in providing consumers with alternative means of payment, they also clearly create risks. " "Because of the small size of virtual currency systems, these risks do not affect anyone other than the users of these systems," the report added The report reviews the history of bitcoin and reviews its basic features, including currency and technical operation.
at the end of June 2013, after the German parliament decided that bitcoin would be tax-free if it was held for more than one year, bitcoin was recognized as a "unit of account" by the German Ministry of finance, which means that bitcoin has been regarded as a legal currency in Germany and can be used to pay taxes and engage in trade activities< In August 2013, judge Amos mazant of Texas District Court ruled in a case of bitcoin virtual hedge fund that bitcoin is a kind of currency and should be included in the scope of financial regulation
legal status
bitcoin can still be considered as legal at present. In the world, bitcoin can be regarded as a virtual commodity and protected by law; If bitcoin cannot be officially recognized as a kind of currency by law, it may bring inconvenience to the businesses and indivials who accept bitcoin in tax declaration, because the businesses who accept bitcoin will be regarded as barter transactions, and such transactions are more troublesome than ordinary transactions in tax declaration
at the same time, bitcoin, as a commodity highly similar to currency, needs to meet the demand of anti money laundering. Bitcoin needs to be included in the personal property declaration, banking anti money laundering system, anti insider trading, anti market manipulation and other systems in terms of transaction and possession. Bitcoin exchanges and storage institutions may also need government supervision and licensing. Some fast-growing bitcoin exchanges and payment service providers are actively exploring cooperation with regulatory agencies to bring bitcoin payment into the regulatory framework of anti money laundering and anti-terrorism financing by applying for licenses and actively communicating with regulatory authorities
in Europe, the European Central Bank published a report on "virtual currency architecture", and the French bitcoin trading platform obtained the PSP qualification. On December 6, 2012, the central bank wrote in the report: "this report is the first attempt to provide a basis for discussing the virtual currency system. While these systems may play an active role in financial innovation and in providing consumers with alternative means of payment, they also clearly create risks. " "Because of the small size of virtual currency systems, these risks do not affect anyone other than the users of these systems," the report added The report reviews the history of bitcoin and reviews its basic features, including currency and technical operation.
3.
Eth is Ethereum, an open source public blockchain platform with smart contract function. It provides decentralized virtual machine (called "ether virtual machine") to process point-to-point contract through its special cryptocurrency, ether (also known as "ether virtual machine")
can be traded in many foreign exchange markets of cryptocurrency, and it is also the medium used to pay transaction fees and computing services on Ethereum
extended data
compared with most other cryptocurrency or blockchain technologies, the characteristics of Ethereum include:
1. Smart contract: the program stored in the blockchain is run by each node, and the person who needs to run the program pays the handling fee to the miners or equity holders of the node
2. TERT block: merge the short block chain which is not received by the parent chain in time e to its slow speed
Proof of rights and interests: compared with proof of workload, it can save a lot of computer resources wasted in mining and avoid network centralization caused by special application of integrated circuit Not yet implemented)4. Lightning network: it can improve the transaction speed, rece the burden of blockchain, and improve the scalability Not yet implemented)
5. The development community is stable, growing, and brave in using hard forks
4. Germany is the first country in the world to recognize bitcoin. It stipulates that citizens can use bitcoin to pay taxes or use it for other purposes. After that, France, Britain, the United States and other European and American countries have followed suit. However, in China, it is still not allowed. It can only be played on trading platforms such as fire coin and BTCC.
5. European financial thinking has always been relatively advanced, and the laws are sound, so risks can be effectively controlled. Moreover, German laws recognize bitcoin as a "financial tool" rather than a currency, which, to a certain extent, avoids its interference with the existing currency. At the same time, developed countries are aware of the inevitable spread of bitcoin, Bitcoin is proced by cryptography based on hash code algorithm. It exists in all nodes of the network. There is no central issuing institution. The number is fixed at 24 million. It will not collapse or disappear. There will be no counterfeit currency. It can directly realize cross regional one-to-one transactions without the intervention of any intermediary institutions. There are too many advantages that the existing currency can't match; However, Germany is also taking the lead in considering that bitcoin will become a tool for illegal financial activities such as money laundering and drug trafficking, so it is further improving the bitcoin law.
6. It doesn't make any sense
in a bull market, all kinds of good news come from the market
in a bear market, all kinds of bad news come from the market< In other words, heizhuang wants to be long and spread good news. Heizhuang wants to be short and spread bad news
because of the mixture of good and bad, people are confused.
in a bull market, all kinds of good news come from the market
in a bear market, all kinds of bad news come from the market< In other words, heizhuang wants to be long and spread good news. Heizhuang wants to be short and spread bad news
because of the mixture of good and bad, people are confused.
7. It can be very clear that it must be settled in legal currency.
Hot content