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Government bitcoin

Publish: 2021-03-25 15:07:00
1.


although bitcoin still has great risks, after years of development, with the increase of its application population, application scenarios and application technology, no country or organization can completely eliminate it. If you can figure it out, it is likely that countries will generally accept bitcoin and embrace it

according to my personal judgment, bitcoin, after a period of continuous development, is likely to become a world currency in the future, which can play the role of electronic gold and become the target of the value of other sovereign currencies. From this perspective, bitcoin can be used as a means of asset preservation in the future when inflation is inevitable

2. Bitcoin, as a form of currency independent of governments, has the possibility of disturbing the normal financial order, which makes governments fight against bitcoin. For China, which pays more attention to the central authority and financial security, it will strengthen the ban on bitcoin. In other words, even if bitcoin can survive, the possible place is not China, because we have always adopted a more cautious and safe attitude towards the supervision of similar financial procts.
3. The design of "decentralization" determines that the "centralized" government cannot touch bitcoin
the emergence, development, amendment, circulation and extinction of bitcoin do not depend on the government, so "whether the government allows" has nothing to do with "whether bitcoin exists"
for example, the birth, development and extinction of the solar system do not need the permission of the government
if bitcoin is exchanged with the government controlled "legal tender" (such as US dollar), the government can influence the performance of bitcoin by controlling the legal tender
if the recognition of such assets reaches the bottom line of% 35 in 2019, the world pattern will be more reasonable, transparent and open

how should we deal with the coming risks- Buy bitcoin quickly to deal with the risk of "no bitcoin".
4.

On the afternoon of December 5, 2013, the people's Bank of China issued the notice on preventing bitcoin risks. In the notice, the people's Bank of China said that bitcoin is not a currency, but a virtual commodity. Financial institutions and Payment institutions are not allowed to carry out business related to bitcoin. As soon as the notice was issued, bitcoin fell sharply on China's trading platform, and it has dropped by 60% in three weeks. This is the beginning of bitcoin being restricted by the Central Bank of China. In mid March 2014, the people's Bank of China issued a notice on further strengthening bitcoin risk prevention to all branches of the people's Bank of China, which required all banks and third-party payment institutions to close the trading accounts of 15 domestic bitcoin platforms before April 15. This shows that it is illegal for financial institutions in China to open trading accounts for bitcoin website platforms. Except for cash transactions, bitcoin investors can not conct bank transfer and third-party payment for transactions in China< br />

5. It is difficult for the government to regulate the money laundering through the outflow of bitcoin capital. It's a big threat to the government.
6. When the first cryptocurrency, bitcoin, came out in 2009, it was worth less than 10 cents. Since then, the price of bitcoin has risen steadily, reaching an all-time high of $20000 at the end of 2017. It is undeniable that in the past 10 years, because of bitcoin, the cryptocurrency, many billionaires have emerged
with the continuous popularity of bitcoin among cyber criminals and its growing presence in criminal activities, "Uncle Sam" (personified name in the United States) has become an important participant in the cryptocurrency market. Although the exact number cannot be determined, according to the documentary evidence and previous and current interviews with defense lawyers and prosecutors, there is at least one billion US dollars worth of digital currency, which is currently under the control of US law enforcement agencies
the investment method of bitcoin is very simple. Search "tacu Asian Stock Exchange". After registering and logging in, follow the prompts to invest in bitcoin. Now you can also give free digital currency for registration. This is a transaction registered in Thailand. The Thai royal family has a share in the transaction, and the credit is guaranteed. I registered on this platform and sent 1000 coins, with a maximum value of more than 10000 yuan. If you have other problems you don't understand, you can solve them by contacting customer service directly.
7. Bitcoin is a tool, good tools will have a market
bitcoin is a decentralized and decentralized monetary system. From the government's point of view, it is not whether it should or not, but it must carry out supervision, and find out the beneficial part in its development process for traction
whether the private economy's acceptance of bitcoin is enough to form an irreversible trend depends on the game between the government and indivials in this process
if the existing monetary system brings more benefits to most nodes in the economic chain or to you, you will not choose the trading scenario of bitcoin from a personal point of view
for example, why do you use bitcoin: is it more convenient to pay? Is trading safer? Is it cheaper to buy a computer? Or for speculation
if most people who use bitcoin are speculative, it is morally reasonable for bitcoin to be regulated in the process of normal social and economic development.
8. The people's Bank of China banned financial institutions from trading in bitcoin, saying that bitcoin is not a "real" currency. As far as the investment risk of bitcoin is concerned, the government's view may be reasonable
the media's hype about bitcoin has made more than one newspaper sneer: "at present, journalists recognize bitcoin more than investors as a reliable way to store wealth." Government departments around the world are also paying attention to bitcoin. Although the Chinese and American governments have not banned it, they do not encourage people to participate in it. Here we focus on two questions: why is bitcoin so important? Why doesn't the government like bitcoin

bitcoin is a virtual payment system, which is not controlled or governed by any central government or private institutions. Unlike Alipay or Paypal, the system has its own monetary unit (bitcoin) instead of Renminbi, US dollars or other legal tender. Strictly speaking, bitcoin has no physical form. Instead, it trades over the Internet, and users store their bitcoin in their wallets. The bank account books record the depositors' deposits and withdrawals. The public can not see these records, but it is legal for the government to ask to review these records. The account book of bitcoin is called "block chain". In theory, it is a public document (anyone can download a ), but the participants of bitcoin system can easily hide their identity, because bitcoin is sent to the address randomly generated by electronic money package, which is composed of letters and numbers. In other words, I can provide a new address for each transaction. So even if people can figure out how much bitcoin they can get, they won't know if I have bitcoin

Where can I get bitcoin? One way is through "mining.". This method is by no means easy, and the computing power required for "mining" is now more than most people can afford (according to the design of bitcoin system, it will be increasingly difficult to find bitcoin). I know it's too simple to say that. The fact is that bitcoin's revenue and expenditure books are jointly maintained by "miners" all over the world. Most of the "mining" groups (more than 60000 users) that "miners" participate in spend a lot of time and power, and some of them can get bitcoin. For the majority of non professionals, it is much easier to buy bitcoin online on the bitcoin "exchange" with regular currency. Until recently, Japan's Mt. GOx was the world's largest bitcoin "exchange.". In China, bitcoin "exchange" BTC China has the longest history
I'm not surprised that China has quickly become a major bitcoin market because bitcoin has performed so well as a private trading channel. It is estimated that in 2013, the trading volume of bitcoin in China (including Hong Kong) accounted for more than half of the global trading volume, and more than 100000 bitcoins were traded in "bitcoin China" every day. People's interest in bitcoin has increased greatly, especially in China, which has led to a significant increase in the value of bitcoin, from about $0.08 in June 2010 to $1124.76 in November 2013. This led to reports that a Norwegian man bought 5000 bitcoins for $26.60 in 2009 and sold them for $886000 in 2013
unfortunately, those who bought at the peak have found that their bitcoin has almost halved in value - the current price of bitcoin is less than $600. What's wrong
for some investors, it is a problem that bitcoin has no physical form. For example, the Norwegian man mentioned above forgot his e-wallet password and had to take great pains to delete and rebuild it. Mt. GOx is much larger. It stopped trading on February 25, 2014, and then filed for bankruptcy protection in Japan and the United States because it lost about 550000 bitcoins, which were worth $473 million at that time, accounting for 7% of all bitcoins in circulation. Attorneys for Mt. GOx said in court that the reason for the loss of the bitcoin may be that "there is an algorithm defect in the bitcoin software, and someone has used this defect to invade the bitcoin network.". Investors usually stay away from such risks that they cannot understand
however, the bigger problem with bitcoin is that the Chinese and US governments are not friendly to bitcoin. In December 2013, the people's Bank of China banned financial institutions from engaging in bitcoin trading, saying that bitcoin is not a "real" currency. The bank made it clear that investors were free to participate in bitcoin trading, but at their own risk. Analysts pointed out that the Chinese government is worried that bitcoin trading by financial institutions will threaten the government's control over the financial instry, especially in terms of money supply and cross-border money flows. Before too many parts of the economy become "invisible" and untraceable, the Chinese government must act< Almost at the same time, U.S. Department of Homeland Security agents detained more than $5.1 million of bitcoin in Mt. GOx's account. They said the money came from a criminal network called silk road. In January 2014, a director of MT GOx was charged with money laundering. However, the U.S. government did not declare bitcoin illegal. Instead, after explaining the tax law, it used an unconventional means to punish users of bitcoin. In March 2014, for example, the Internal Revenue Service announced that bitcoin was an asset, not a currency. This has a significant impact. For example, if an American taxpayer buys $500 of bitcoin and then uses them to buy $1000 of goods e to the rising market price of bitcoin, he has to pay tax for his income. If the taxpayer purchases foreign currency, he does not need to pay tax when the foreign currency appreciates against the US dollar. In addition, bitcoin miners must declare the value of bitcoins by the date they were discovered, not by the time they were spent. In other words, bitcoin related taxes need to be paid immediately, even if the "miner" intends to keep these bitcoins for a few years. Recently, the U.S. government announced that it would transfer the bitcoin detained from "Silk Road", but asked the buyer to show his identity, which would inevitably weaken people's desire to buy and rece the transfer price of these bitcoins

since December 2013, China's official attitude towards bitcoin has not changed. However, the Chinese government does not allow domestic banks to do business with bitcoin "exchanges", especially in transferring RMB deposits from personal accounts to "bitcoin China". On April 28, 2014, bitcoin China said on its microblog that its user account had voluntarily stopped accepting RMB deposits. Since then, China has not encouraged bitcoin "exchanges" to allow users to withdraw Renminbi from their accounts. The future of bitcoin in China is not good, only Hong Kong may be an exception; At the same time, there are bitcoin ATMs in Hong Kong
but as far as the investment risk of bitcoin is concerned, the government's view may be reasonable. Recently, it has been reported that a "mining" group has controlled more than half of the bitcoin computing power, which may enable the group to veto bitcoin transactions verified by other "miners", or reuse the same batch of bitcoin without fear of being questioned. For most people, these problems can be too complex to solve. However, in mid June, Peter Chen, the main developer and advocate of bitcoin, made a breakthrough; Peter Todd, who sold half of his bitcoin, said: "I've learned that the factors that make bitcoin motivating are flawed, for a number of reasons. To say the least, even if only a few of the main reasons are taken into account, it will make people worried when a mining group controls 50% of its computing power. "
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