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Who created the name of bitcoin

Publish: 2021-05-14 09:50:55
1. Unknowingly, bitcoin has been in dispute for nearly eight years. Since its birth, people have loved and hated bitcoin. Supporters firmly believe that bitcoin can subvert the existing monetary system, while opponents think it is worthless<

recently, the identity of Satoshi Nakamoto, the father of bitcoin, was accidentally exposed, which made bitcoin, which had graally faded out of the public's view, hot again. However, Craig, an Australian businessman with low-key and simple daily behavior, is still in the market; It took only five days for Craig Wright to admit that he had no courage to give up and prove that he was Nakamoto

not surprisingly, the mystery of "Nakamoto Tsung" will continue

"the twists and turns of Zhongben Cong's identity have not brought significant impact on the bitcoin market," Li Qiyuan, President of bitcoin China (BTCC), said in an interview with the first Financial Daily yesterday (May 9). As an innovative thing, bitcoin has been able to survive and grow steadily in the past few years, marking a kind of success. Liu Shengjun, executive vice president of China Europe Lujiazui Institute of international finance, is worried about the development prospect of bitcoin. "At present, no government is willing to give up its management power and accept bitcoin to replace legal tender."< On November 1, 2008, Nakamoto published a research report in a secret cryptography discussion group, in which the concept of bitcoin was first proposed. In 2009, the world's first bitcoin algorithm software appeared. In just four years after that, the price of bitcoin increased by hundreds or even thousands of times, which eclipsed other investment targets

as the creator of bitcoin, "Nakamoto Tsung" not only grasps the most core technology, but also increases people's curiosity and speculation about his real identity because of its huge wealth brought by about 1 million bitcoins (the current price of one bitcoin is about 2970 yuan)< On May 2, Wright publicly told several major overseas media that he was the so-called "Nakamoto Tsung", the founder of bitcoin, which aroused heated discussion in the market<

(the price trend of bitcoin in the past year)

Wright, 46, is a computer scientist and an entrepreneur. When he introced himself at the 2015 bitcoin investor conference, he said that he was a scholar, engaged in business research, and had a doctor of law and a master's degree in statistics

according to foreign mainstream media, Wright confirmed his identity as "Nakamoto Tsung" from a technical point of view by using the bitcoin owned by the founder of bitcoin. Wright also said publicly that it was not easy to make a decision to disclose his identity, and the reason for his clarification was his love and concern for his work, which he "hoped to eliminate the false legends and worries surrounding bitcoin"

as the Internet world continues to argue about Wright's real identity, the plot takes a major turn< On May 6, Wright suddenly published an open letter entitled "I'm sorry", saying that he "has no courage" to continue to prove his identity as "Nakamoto Tsung"

"I believed that I could end the years of hiding and hiding. However, with the events of the past week fermenting, I was going to publish the evidence that I had the initial block, but I couldn't stand it. I don't have the courage. I can't do it. " Wright said<

Wright once said in his public identity that he did not want money, nor did he want to be famous, nor did he want to be worshipped, but only wanted to be alone. Li Qiyuan told China Business Daily that if he really wanted to live his own life, why did he suddenly choose to expose his identity

obviously, the emergence of Wright has not completely ended the mystery of "Nakamoto" and investors are more concerned about the impact of "Nakamoto" on the price of bitcoin

Gong Ming, the founder of blockchain pencil, told the first financial daily that the identity of "Zhongben cong" will not have a substantial impact on the market, but is more symbolic. Unless "Nakamoto Tsung" sells a lot of bitcoin, it will not have an impact on the price of bitcoin. "From 2009 to now," Nakamoto Tsung "is not a person who has a strong desire for money and will not buy or sell bitcoin because of the high or low value of the currency."< Recently, Zug, a small Swiss town, announced that from July 1 this year, buyers will be allowed to pay for its public services with bitcoin as the payment method. Although there are still great limitations in the scope and amount of this payment method, the small progress is enough to cheer bitcoin's staunch admirers

from the beginning, virtual goods can only be purchased on the Internet, to now, bitcoin can be converted into multi-national currencies, and there are many twists and turns along the way

in February 2014, Mt. GOx, the world's largest bitcoin trading platform at that time, said that bitcoin was stolen e to large-scale hacker attacks, with a total loss of $470 million, and the platform declared bankruptcy. Affected by this, the price of bitcoin plummeted from more than $600 to $102 in just a few seconds, a drop of 83%

in January 2015, bitstamp, one of the most reliable bitcoin trading platforms in the world, was attacked by hackers, resulting in the theft of at least US $5 million of bitcoin, causing panic among some cryptocurrency holders. The openness and security of bitcoin cause instry concern. When the negative news came out, bitcoin was finally recognized by the regulatory authorities

in September 2015, the US Commodity Futures Trading Commission (CFTC) confirmed for the first time that bitcoin and other virtual currencies are defined as commodities, which means that bitcoin is classified as commodities like gold and oil, and trading behavior will comply with all commodity derivatives market rules; In October of the same year, the European Court of justice formally ruled that bitcoin and other virtual currencies in Europe should be exempt from VAT just like traditional currencies. Because according to the relevant provisions of the EU, "currencies, bank bills and coins used as legal tender" do not need to pay VAT. Bitcoin has taken a solid step towards legalization

nevertheless, the market is still worried about whether bitcoin, which reached a historical peak of more than 8000 yuan in 2013, can return to its former glory

at present, the price of bitcoin is hovering around 2900 yuan, which is much more stable than the previous ups and downs, and the trading volume of bitcoin has also dropped significantly

"I don't think bitcoin has changed from hot to cold. Compared with the sharp rise and overheating in 2013, I think it is now the normal price of bitcoin. In 2013, bitcoin rose from tens of dollars in January to thousands of dollars in less than a year, overdrawing the later increase, so it has been falling back after 2013." Gong Ming told the first financial daily

how much is bitcoin worth? It is estimated that bitcoin players, exchanges, mining machine manufacturers and even bitcoin creators can not give an accurate answer

although the value of bitcoin cannot be determined, one thing is certain that the number of bitcoins is certain. Because the "issuance" of bitcoin depends on complex calculation, it is essentially different from the "printing" mode of traditional currency issuance. The total amount of bitcoin graally increases according to the design predetermined rate, and the increase rate graally slows down, and finally reaches the limit of 21 million in 2140. The instry estimates that the total amount has reached 15.5 million

Li Qiyuan believes that the limited number of bitcoin is in sharp contrast to the inflation and the decline in the purchasing power of fiat money caused by the massive printing of money by central banks“ The goal of bitcoin is not to replace the existing currency, but to become a universal digital asset in the world and provide convenience for people's lives. "

it is generally expected that with the departure of short-term speculators, the continuous development of bitcoin related applications and the improvement of infrastructure, the digital currency represented by bitcoin will be in a benign development stage

in addition to bitcoin, there are also outstanding digital currencies such as lightcoin, Ethereum, dogcoin and Ruitai coin.
2. The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system
unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. 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 currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has scarcity
after bitcoin transaction data is packaged into a "data block" or "block", the transaction is initially confirmed. When a block is linked to a previous block, the transaction is further confirmed. After six block confirmations in a row, the transaction was irreversibly confirmed. Bitcoin P2P stores all transaction history in a "blockchain.".
3.

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

4.

Digital cryptocurrency is a kind of currency that is not issued by legal tender institutions and controlled by the central bank. It is based on the open source code of a group of equations calculated by computers all over the world, and is generated by a large number of calculation processing of computer graphics card and CPU. It uses the design of cryptography to ensure the security of all aspects of currency circulation

development materials:

  1. definition of digital currency:

    digital currency is abbreviated as digiccy, which is the abbreviation of "digital currency" in English and the alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy< br />

5. Cryptocurrency is not issued by legal tender institutions and is not controlled by the central bank.
6.

The top three are bitcoin, Ethereum and reborn. As shown in the figure below:

of course, the token market value of crowdfunding projects on coin Ying China platform is different, and is not included in the ranking

7. Bitcoin is a virtual encrypted digital currency in the form of P2P. The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009
on November 1, 2008, a self styled Satoshi Nakamoto published a white paper on bitcoin, bitcoin: a peer-to-peer e-cash system, on the P2P foundation website, stating his new idea of e-money, bitcoin. On January 3, 2009, bitcoin Genesis block was born

warm tips:
1. The above explanations are for reference only, without any suggestions
2. Before investing, it is recommended that you first understand the risks existing in the project, and clearly understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market. Investment is risky, so we should be cautious when entering the market
response time: February 1, 2021. Please refer to the official website of Ping An Bank for the latest business changes
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8. The state has not set up a digital cryptocurrency Research Institute, but the state is paying attention to digital cryptocurrency. The central bank has set up a digital currency research and development department and plans to launch its own digital currency. As for the members, they have not yet been announced
however, the digital currency planned by the central bank is different from bitcoin, Ruitai currency and vitality currency.
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