Create your own virtual currency

1. E-wallet is an independent program, which belongs to personal wallet after registration

2. The people's Bank of China and other five ministries and commissions have made it clear in the notice on prevention of bitcoin risks issued in December 2013 that bitcoin should be a specific virtual commodity, which does not have the same legal status as currency, and cannot and should not be used as currency in the market The circular has previously required that financial institutions and Payment institutions shall not provide bitcoin registration, trading, clearing, settlement and other services for customers. Therefore, blindly "speculation" has risks, and investment needs to be vigilant to follow suit.

3. At present, indivials should not be able to issue virtual currency. For example, Internet game companies have to have a license to issue virtual currency.

4.

It's not illegal

For example,

1. the virtual currency represented by bitcoin is legal in China, which is defined as a special Internet commodity, and people can buy and sell freely at their own risk

2. but it is illegal to carry out pyramid schemes under the guise of bitcoin. Now to create a virtual currency trading platform, we must record the website and implement real name authentication for users

3. bitcoin is legal in most countries around the world, except that some small countries explicitly prohibit bitcoin

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since 2003, the more popular virtual currencies are bitcoin, Laite coin, Fuyuan coin, doggy coin, Diablo coin, reborn coin and so on

5. Five steps to create your own cryptocurrency
when you see how complicated it is to make physical banknotes, it's easy to understand why most people don't try to print new forms of currency every day, but it's also very easy for people with only basic programming level to make new digital currency
programming is not the only step to create a new digital currency. Here are three cryptocurrency manufacturers giving you five steps to follow
1. Using the community to cultivate money
Chris Ellis, an entrepreneur from London and an activist in the feather money community, believes that when you consider making a new digital currency, it's easy to assume that the first step is to start currency programming, which is actually wrong
"the first step is to find a community and build a currency around the community, rather than expecting people to show up after building a currency," Ellis said. "It has to meet the needs of the community and be related to their cultural heritage and background."
Feather coin was created by Peter Bushnell in April 2013. Bushnell resigned as head of it at brechnos college, Oxford, because he wanted to create his own people-centered currency. He made the decision after seeing on bitcoin.org, a well-known cryptocurrency website, that the existing cryptocurrencies (such as bitcoin) lack community participation and inclusiveness
since March last year, Ellis has been actively promoting and teaching people the knowledge of cryptocurrency. Although he had not met Bushnell at that time, he was also aware of the alienation and isolation on the bitcoin forum
"these forums are very technology oriented and are not welcome for newcomers or minorities, and usually smaller teams can better serve these newcomers or minorities," Ellis said“ The forum did not make it easier for people to participate in currency development. A lot of people in these forums come to predict prices rather than actively participate in development. "
Ellis found the cryptocurrency community based on feather coin, and he said that technological development has benefited a lot from the community
"we are a group of feather coin encryption enthusiasts, but some of them may not be so easily integrated into other communities," Ellis said. He said everyone in feather money thought it was important to show that a group of loyal people could build a stable currency. Through cooperation, a dedicated community of encryption enthusiasts can better find and solve vulnerabilities and security threats. For example, the feather coin coding community has successfully resisted 51% of attacks
the establishment of such protective measures and the promotion of currency development can make the currency more legitimate and more easily trusted in the eyes of the public. But if the participants are all passive observers who are only for their own interests, it will be troublesome
2. Programming, for the long-term benefit
surprisingly, every currency developer I talked to said the same thing: "programming cryptocurrency is usually the least time-consuming part of the process. This is because all the cryptocurrencies on the market are based on the open source code of bitcoin or lightcoin provided on GitHub. "
Peter otbach, one of the founders of coino, said: "it doesn't take long to create. It could be only one day, "the company claims to be the fastest cryptocurrency on the market, with a maximum trading time of just 50 seconds“ To start programming, you just need to know C + + to create your own functions in it. "
according to Colin Evans, the developer of quark cryptocurrency, it may take longer than a day“ In terms of programming, the most complex steps may be related to the complexity of the parameters you plan to have in the blockchain, "Evans said“ For example, many currencies just use and the lettercoin code, but quark has a new hash algorithm - that is, it is separate from bitcoin and lettercoin - so if you want to change it, it will be the most difficult one. " In this case, it may take months to program cryptocurrency. However, Evans pointed out that if developers just reuse GitHub's code and change some simple parameters, any competent programmer can do it "in 30 minutes."
but just thinking that anyone with C + + skills can make their own cryptocurrency doesn't mean that one day there will be as many kinds of currencies as IOS applications. "Feather coin is actually a branch of Leyte coin," Ellis said“ It starts with a minimum number of parameter changes, because we think the most important feature of money is viability. "
however, the feather coin team noticed that some of the previous currencies did not last long, because they included a new function, which enables investors to make profits through short-term speculation. However, the team was often unable to manage the project as planned for a long time, resulting in the failure of the project. In other words, those failed currency developers may want to create cryptocurrencies and make profits in the short term, rather than in the long term, which is doomed from the beginning
Ellis said: "you have to be responsible for fixing defects, and you have to make a commitment when you launch the currency, and you have a responsibility to inform people of the risks and protect their property." if you can't, then no one will use your currency all the time
3. Let miners appear on the stage
once you develop currency, you need to spread the information so that people can start to excavate the currency, make people aware of its existence, and hopefully start to get some value in the eyes of miners and users. This is where cryptocurrency manufacturers can't think like programmers, but how humans put trust (and value) in things
Ellis of feather coin explains: "a good start is half done, so it's about building trust, expressing your vision and intentions to miners, who have the hardware they need, and giving them the opportunity to meet future opportunities“ You have to be honest and respect people's expectations and tolerance of risk, which many people value
"overheated money sales can be counterproctive, including new features designed just to try or stand out. Markets can test courage and determination. You need a group of loyal, loyal miners who will deal with the deal even when prices plummet, because they believe in the end result. It depends on good communication and team building
"many cryptocurrencies fail because they underestimate" software ". They think that technology can solve all problems. And then it's not what they think it is. You have to be good at being aware of what needs to be done and be ready to do what others don't want to do. "
4. Know your business
if you've done that. You've conceptualized a good cryptocurrency and brought the right team together to develop and nurture it in your own way. You have spread the news on the cryptocurrency forum, and a large number of miners are actively trying to dig your currency. The next step is to market your currency so that all miners can use it. This is not a small feat. After all, you need to convince indivials and businesses that these currencies created by themselves have value and can be traded like traditional trustworthy currencies
"it's a confidence building process," Ellis said“ It takes good management and time to work out what you really believe and advocate. People will be more willing to buy money based on your motives than your actions, so once you are confident, you have to start discussing your money with friends, businessmen, Internet forums and social media. "
Peter otbach agrees with this view that "to start marketing, you need to find the exact target group," he said, "at first you can start with the cryptocurrency market, because people there know the currency, and you will see their first reaction. It's going to be more difficult after that. You need to convince a lot of people who don't even know what cryptocurrency is, so you have to use money as a payment solution for online stores to attract their attention. "
"I want to add that it's not just about ecating them with facts," Ellis said. "It's about encouraging them to learn and discover their strengths. Money is a classified account. It is a tool that people use to achieve their goals and meet their needs. Knowing this will help you make great progress in marketing. "
Ellis believes that the key to getting merchants to accept money is to understand their different views“ Different stakeholders have the same rules. The difference is that miners are speculative and businessmen are more conservative. " He pointed out that businessmen have three main purposes: to make money, to save money and to raise their awareness“ If we can bring them customers and increase sales while recing the cost of payment, the rest of the job is to persevere and make it as easy as possible for them to start working. "
5. Conclusion
from a professional point of view or a traditional point of view, the last step in the journey of making cryptocurrency is to rule the world with money. But given that no currency has dominated the world for 5000 years, no matter what bitcoin enthusiasts in Silicon Valley say - any cryptocurrency
moreover, cryptocurrency domination "is not necessarily the goal," Ellis said“ Currency can be local. In fact, we think feather currency is a local currency that can serve the global market. "
there may be a real market for emerging cryptocurrencies: local currencies for certain communities, cities, events, venues and people. Build around like-minded consumer groups, so that they can trade quickly and freely, and provide security for the important goods and services in their lives. You don't have to rely on central banks and big markets to tell them that coins and paper money are valuable.

6. Virtual currency was born in Europe, America and Japan, grew up in Europe, America and Japan, and broke out in China. It is China that has pushed bitcoin and other virtual currencies to a historical high, and it is also China that has brought bitcoin and other virtual currencies into new places and into the long-term winter. The over hype of bitcoin and other virtual currencies in China is not concive to the long-term development of bitcoin and other virtual currencies on the one hand, but also accelerates the spread of bitcoin and other virtual currencies on the other hand

at present, more than 60% of bitcoin computing power is in China, and more than 60% of transactions are in RMB. China occupies a leading position in bitcoin and other virtual currency markets. Most virtual currencies also have Chinese figures. For example, Li Qiwei, the founder of lightcoin, is a Chinese American. The Yuan Bao coin, Fuyuan coin and Zhaocai coin made in China are also authentic. Zeng Hongji's bitstock is also the project of Li Xiaolai

but it is worth noting that most of the research on virtual currency is not in China, and bitcoin related financing also occurs in European and American countries. European and American countries pay more attention to infrastructure construction and R & D, focusing on the future rather than immediate interests.

7. Virtual currency fraud mainly has the following centralized forms:

first, promotion forms are similar to pyramid schemes, such as head pulling and various rewards
Second, make false publicity by using the names of international big companies and celebrities
Third, promise high income, let you make money. Early or give you a certain income
Fourth, use the method of agitation to make you lose your mind.

9.

One kilogram equals 2.20462262 IB, and one pound equals 453.59237 G

one pound force is 4.4482 Newton, the acceleration of gravity is 9.8067, one kilogram is about 2.2046 pounds, one pound = 0.45359 kg, that is 453.59 G

In the engineering unit system, pound force represents the gravity of a pound at sea level of 45 degrees north latitude, which is g = mg, g = 9.80665 n / kg, 1 pound = 0.45359237 kg, so 1 pound force = 4.4482216152605 n, But now the ratio of gold price to gold weight has become a relationship that can float freely. In the European and American test questions, if the writing is 200lb, it means the size of a force; if the writing is 200lbs, it means the quality

extended data

IB means pound. Pound is the British unit of mass used in the United Kingdom and the United States, abbreviated as lb. There are many different definitions of pound in English system, such as golden balance pound, tower pound, merchant pound, London pound, metric pound, international pound and so on. The most commonly used definition at present is the international pound