Crazy bitcoin movie Ning Hao

1. bitcoin is an electronic currency, which has been widely recognized in the world. Specifically, bitcoin is a network-based virtual currency, which is composed of complex computer code. Like other currencies, bitcoin can be used to buy goods and services. Since there is no issuing institution, anyone can use specific software to mine and proce. They can also trade all over the world through the Internet, and all transactions are anonymous, leaving no identity information of traders
however, e to the lack of supervision and the intervention of a large number of speculators, the price of bitcoin is like a roller coaster with great fluctuations, and the investment risk of bitcoin is quite high.

2. Because I want to get rich

3. blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies Consensus mechanism is a mathematical algorithm to establish trust and obtain rights and interests between different nodes in blockchain system. Blockchain technology is a technology that uses decentralized consensus mechanism to maintain a complete, distributed and tamperable ledger database. It enables the participants in the blockchain to realize a unified ledger system without establishing trust relationship. Generally speaking, blockchain is a general ledger that includes all historical transactions, and each block contains several transaction records. If the blockchain is the ledger, then the block is one of the pages of the ledger. The details of the transaction are recorded in a public account book that can be seen by anyone in a network

a block is a collection of many transaction data, which is marked with time stamp and the unique mark of the previous block. Effective blocks will be added to the main blockchain after being recognized by the whole network. Blockchain is a data structure in which blocks containing transaction information are orderly linked from back to front. In the virtual money market, the most well-known application of block chain technology is bitcoin< At 3:00 p.m. on September 4, 2017, the people's Bank of China and other seven departments jointly issued the notice on preventing the financing risk of token issuance, which defined ICO as "an unauthorized illegal public financing behavior". At the same time, the regulatory authorities said that all kinds of token issuance financing activities should be stopped immediately, Organizations and indivials that have completed the financing of token issuance shall make arrangements such as refund. A vice president said, "it is normal that the rapid development of ICO has attracted the attention of regulators. According to the traditional law, ICO has the suspicion of crowdfunding and capital raising, and there is a great risk of laissez faire development without supervision. A large number of projects with no future even cheat themselves, which not only makes investors bear huge risks, but also makes the real blockchain entrepreneurial team complain a lot, which actually leads to the bad consequences of bad money driving out good money. The admission of a large number of retail investors and even "aunts" is just a weather vane - it's time for the regulatory intervention of ICO. This rectification is mainly to warn of risks and protect the interests of investors. "

ICO does not issue stocks, but digital currency, which is commonly known as token. Blockchain start-ups exchange bitcoin, Ethernet and other digital currencies in the form of crowdfunding to achieve the purpose of financing and entrepreneurship. Blockchain investors and entrepreneurs are very optimistic about blockchain technology, and think that the vigorous supervision of the government departments is good for the blockchain instry. Through the governance of ICO and the expulsion of digital coins, the blockchain can develop more steadily. It is hoped that this regulation can really crack down on pyramid selling currency and air currency, screen and treat seriously entrepreneurial blockchain innovation projects differently, and protect the interests of serious investors and entrepreneurs

blockchain technology can play its role in banking, mobile payment and other fields.

4. The crazy bitcoin can't go far.
it has plummeted nearly 30% in the past month, and bitcoin is not just needed.

5. Bitcoin is a kind of universal encrypted electronic currency in the world, and it is completely autonomous by users. The concept of bitcoin was first proposed by Nakamoto in 2009. Unlike most currencies, 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, and uses cryptography design to ensure the security of all aspects of money circulation.

6. The bubble risk of bitcoin is not enough to constitute systemic risk. This is because the participants are mainly indivials, and the normative financial institutions are hardly involved. The two bitcoin does not have the collateral nature of formal finance, that is to say, even if the bitcoin price falls sharply, it will not constitute a risk conction to the financial market.

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