Will virtual currency bifurcation rise

1.

About bitcoin, the news is flying all over the world these two days

specifically, a foundation called BTN foundation announced that it has set up a bitcoin bifurcated development team to launch a new bitcoin bifurcated BTN. Now its official website is online, which is called btn.kim. Two days later, bitgo, another bitcoin development team, announced that it would fork out from bitcoin. Its name is BTF, which literally means "bitcoin faith"

according to Yao yuan, a well-known bitcoin columnist, bitcoin will "have 10 children" in December, and will at least bifurcate out of 10 "children" such as BCX, SBTC and LBTC

as soon as these things happened, the bitcoin market began to fluctuate again, some investors blew up, and all kinds of rumors came out: why so many forks? Is bitcoin out of order

in fact, the bifurcating of bitcoin is far more complicated than what it shows. If we don't explain its historical background clearly, we really can't understand what happened

< b > the origin of bifurcations: the origin of the bifurcations of bitcoin has existed. The so-called bifurcations refer to the accounting differences caused by different underlying protocols. According to Xue Hongyan, director of the Internet financial center of Suning Financial Research Institute, bitcoin is jointly maintained by a number of point-to-point decentralized nodes. The orderly operation of the whole system depends on the consensus of all nodes, that is, there is a set of recognized standards for key issues such as which transactions are acceptable and which nodes have accounting rights. This set of standards is deployed in the underlying protocol of blockchain and implemented automatically

but nodes are operated by people after all, which is the so-called "miner", but everything operated by people will be different. For example, the miners of some nodes go online every day, while the miners of some nodes go online occasionally; Some nodes are in the eastern hemisphere, some nodes are in the Western Hemisphere... In a word, e to various reasons, over time, bitcoin has different underlying protocols in different nodes

if different versions of underlying protocols are running in a node, different standards will appear, which will result in bifurcation. If the nodes can deal with these version differences and finally form a unified standard, the bifurcation will eventually disappear, which is called soft bifurcation. If the difference cannot be eliminated, when some nodes continue to run different versions of the protocol, the bifurcation will continue, which is called hard bifurcation

it's easy to solve the problem of soft bifurcation, that is, if the account book is wrong, just modify it. Hard bifurcations are not easy to solve. No one thinks he is wrong and explains them according to his own standards. In the end, he can only go his own way and keep his own account. At present, bitcoin bifurcation refers to hard bifurcation

< b > the first bifurcations: the first hard bifurcations of bitcoin technology upgrade are purely technical reasons. The settlement performance of bitcoin itself is limited. According to the original technical agreement, bitcoin can only support up to seven settlements per second. This was not a problem in the early days. With the fire of bitcoin, more and more people flocked in, and the settlement became more frequent than ever. At this time, the original technology was not enough

therefore, in the middle of 2017, some miners proposed new technology agreements, but the other miners did not agree with them. Eventually, both sides held one end and ran their own underlying agreements, which was the first bifurcation in the history of bitcoin

However, with the development of bitcoin trading means, speculators graally regard the bifurcation as a means of money collection, which leads to a great change in the nature of the current bifurcation

the principle is that each bifurcation is essentially equivalent to the issue of a new digital currency, which is linked to bitcoin. The target audience is larger than the general ICO, and it is easier to be accepted by ordinary users than issuing a new digital currency directly

because the team that creates this kind of bifurcation takes the lead, it is very easy to control the transaction of the new currency, especially in the early stage, and it only needs a small cost to control the price trend of the whole currency. This leaves a lot of room for speculation. The forked team only needs to make the new currency accepted by the users, and then it can artificially raise the price to a sky high price. After the real users come in, they can sell all the money they hoard, and get high profits out of thin air

on October 25 this year, a domestic team forked out bitcoin gold (BTG). Two days before the forking, Jiang Zhuoer, CEO of leibitchi, denounced the forking as money looping: "Liao Xiang, founder of BTG, had g 200000 BTG coins in advance before the forking, and wanted to convert them into 20000 bitcoins, looping 80 million yuan."

The advantage of bifurcations can be seen, so that the word "bifurcations create value" has become popular in the field of currency speculation. For this reason, a new word "IFO" - first token issue has been derived

He Sheng, a well-known financial blogger, once told the media that most of the so-called IFO may evolve into the operation of collecting money by harvesting leeks. "Many previous ICOS are doing IFO, and ICO needs to write a white paper and go to the stock exchange to gain market recognition, while IFO does not even need to write a white paper."

this also explains why bitcoin is becoming more and more profitable. To put it bluntly, everyone wants Nakamoto

Can

< b > not bifurcate

whether it's Hong shuning of Suning finance, or Mike & Chen, CEO of bitgo, a bitcoin wallet software provider and one of the project leaders of segwit2x; Mike belshe, the instry actually refuses this bifurcation of bitcoin. In fact, real blockchain practitioners have always hated speculation. At present, the leading enterprises in the domestic blockchain instry have clearly expressed their opposition to the overflow of bitcoin bifurcation. For example, when Xunlei launched the first popular blockchain project in China, its CEO Chen Lei said in an interview: "Xunlei opposes all speculative activities using blockchain, so it is definitely against bitcoin for the purpose of speculation and leek cutting arbitrage."

However, to solve this problem, it is not enough to have an attitude alone, but to have specific means. The best way is not to let bitcoin bifurcate

this is difficult to achieve. Bitcoin's own technology is a relatively primitive blockchain technology with limited computing power. It can barely cope with the previous transaction scale. In view of the current situation of bitcoin fire, it is difficult to support. So sooner or later bitcoin will have to solve the problem of its own computing power

but there is no hope at all. With the innovation of blockchain technology, there will always be some new ways. For example, the shared computing proposed by Xunlei can effectively improve the total amount of computing power and rece the cost per unit of computing power without changing the existing hardware facilities. If bitcoin is combined with shared computing, it can effectively solve the problem of bitcoin's computing power limit without new bifurcation

secondly, the bifurcations for the purpose of cutting Chinese chives can be supervised by means of supervision. For example, compared with the real name system of special currency wallet, the real name system of transactions can effectively prevent the risk of Financial Bureau. At present, the real name system has been implemented in some blockchain projects, and has achieved good results. For example, Xunlei's blockchain is the first blockchain application to introce the real name system in China, which basically eliminates the hidden danger of malicious speculation

in a word, there is a way. It depends on whether bitcoin players accept it or not, and there is a process to implement it. It takes time. Therefore, at this stage, it is better for us to stay away from the bifurcations of bitcoin in various names

2. Bitcoin bifurcation has little impact on ordinary users, and ordinary users don't care whether bitcoin should be bifurcated or not
bitcoin bifurcations are mainly divided into two types: hard bifurcations and soft bifurcations
the main supporters of hard bifurcations are China's bitcoin community, bitcoin Jesus, Gavin and other bigwigs. That is to say, the expansion faction insists on large blocks, does not expand the main chain, and nothing else. Hard bifurcation has the risk of splitting bitcoin, but once the main chain is split, it will kill the small chain coin
the main supporters of soft bifurcation are the core team and the BS company behind it. The main chain does not change and the functions of the main chain are distributed to the side chain. This will develop bitcoin into a better settlement system, but the main chain will be graally marginalized. Some people doubt that this is to kill bitcoin and benefit some companies.

3.

The price of Eth and other virtual currencies is determined by the following aspects: 1. Frequency of use; 2. Actual use; 3. Number of participants

as for how much room to go up, the current price of Ethereum is about 6600. Recently, e to the frequent use of Ethereum private placement, Ethereum has risen to more than 10000. Ethereum is a smart contract, and there are countless tokens developed based on Ethereum. Therefore, as the underlying public chain of smart contract, its prospect changes with the popularity of blockchain, However, some time ago, the disadvantages of Ethereum were exposed. The main chain was congested and the handling fees were extremely expensive. The development of Ethereum was close to the bottleneck. Therefore, the room for its growth was whether the developers could improve the main chain environment according to the disadvantages. As for the number of participants, it was not a big problem now. Pay more attention to the current development progress of the developers and focus on doing things, There is a bright future ahead

at present, the websites that can trade Ethereum include: btctrade international station, Huo coin, coin an, etc.

4. What drives bitcoin to soar
supply and demand
when compared with other virtual currencies, bitcoin always mentions "fixed output 21 million". In the early years, bitcoin had not been exposed to investors in a large area. It proced a lot and g a lot, but there was no demand. But now purchase bitcoin, the price is expensive, the output is small, the demand is big
analysts of jiafengruide believe that when there is an imbalance between supply and demand, commodity prices will be affected. Influenced by the policy, many bitcoin holders are now keeping a wait-and-see attitude. The decrease of bitcoin in circulation in the market and the increasing demand for bitcoin in the market are bound to push the price up, but in fact, it will not be the investment speculators who come into the market at this high level who will benefit in the end
popularization of regional chain
the report released by UBS in October mentioned the problem of regional chain technology. The report shows that by 2027, the global investment value of regional chain technology will reach 300 billion to 400 billion US dollars. And the regional chain as an infrastructure development, will be applied to more and more scenarios
at that time, whether the popularity of regional chain will raise the price of bitcoin is also full of uncertainty
investor confidence remains unchanged
although many institutions and financial giants are short of bitcoin, investors are still confident in the future value of bitcoin. After all, in history, is there any trading proct that can soar 7.54 million times in eight years
analysts at Jifeng Reed said that 10 years ago, the impact of the financial crisis left many countries so far unshadowed, and the share price bubble continued to expand, and investors would worry whether the original financial system would collapse again. Bitcoin, which has a strong performance, will attract more investors with capital inflows, thus driving up prices. In a way, bitcoin is already a safe haven
although the trading of bitcoin was suspended by China in September this year, bitcoin surged by more than 233% after de Sinicization< In November, bitcoin began to hard bifurcate, that is to say, the regional chain was divided into two parts, which is equivalent to doubling the issue of bitcoin, which means that the value of bitcoin will be diluted. Affected by the impending start of hard bifurcations, bitcoin started on November 9 and has been on the decline for four days
the suspension of the 2x fork, originally scheled for November 16, has eased the anxiety over the expansion of the bitcoin instry chain, and the market is a little relieved of the possible collapse crisis caused by the fork
bubble greater risk
many investors have seen the bitcoin appreciation and profit margins after they have entered the bitcoin trading market. However, the current domestic large-scale bitcoin trading platform has been completely closed, and the regulatory level has not relaxed the entry of bitcoin into the domestic market
bitcoin, as a speculative commodity, has great bubbles and unknown risks. We tend to ignore the risk, and it is often the risk that damages the funds in our pockets. When participating in a high-risk market, we must reasonably allocate personal assets, such as the allocation of stable financial procts such as stable profit selection investment plan. We must not use all our wealth to allocate high-risk investment procts
in a word, bitcoin has risen dramatically in recent years. It's hard to avoid some words like "you are the richest man in China now if you bought bitcoin eight years ago". But eight years ago, you didn't know that bitcoin could be as brilliant as it is today. You might as well change your vision and look for the next "bitcoin".

5.

Author: Huang Shiliang

source: Lightning HSL

Introction

this problem has been bothering me for a long time. I don't understand why those forked coins that have no technology, no team, and even no one to do publicity still have good prices. Who is buying them

Chapter 1 the greatest wealth making movement in human history from the perspective of history

the first historical event was the enclosure movement in England. This incident is described by our history books and Marx's political economy as a terrifying and aggressive movement, in which one part of the people want to occupy the land of another part. But if you go to the history books written by the British, you will find that this is a power confirmation event. That is, the state and the government give clear private ownership to the ownerless land in the name of law. Distribute the original ownerless land to indivials, and the ownerless land becomes wealth. Britain also started the first round of wealth creation revolution in human history - Instrial Revolution

the second historical event is the western development of US dollar. At that time, the American government encouraged the people to go to the West for proction and construction, and the measures adopted were similar to the British enclosure movement. The U.S. government announced that as long as the people go to a place, and then insert a flag, then how many kilometers of land around the flag belongs to you. The western part of the United States, once totally destitute, has become an unprecedented wealth

The third historical event is the Meiji Restoration in Japan. At that time, the Japanese upper class realized that it was necessary to engage in enterprises to make the country strong and rich, but the common people did not understand. The Japanese government has set up many state-owned enterprises. After the success of the enterprises, they were sold to private enterprises for one yuan. The Meiji Restoration turned a pan dependent state of the Qing Dynasty into a country that defeated its master. Later, Japanese enterprises did very well. Up to now, there are still a large number of world-class enterprises. This kind of distribution of state-owned (non owned) assets to the private sector with clear property rights is inseparable

The fourth historical event is much closer to us. That's new China, which was founded 49 years later, and it eliminated private ownership very quickly. Land is owned by the state, that is, it is owned by no owner, and enterprises become state-owned enterprises. As a result, we all know, poor, miserable. In 1978, a new China began. In the 1980s, the state restored private ownership for the first time, though very implicitly. The 30-year system of land property rights has suddenly made us Chinese rich. Nima, if you have land, you don't have to starve at last

In the 1980s, the state began to let people speculate in stocks. You know, as long as you dare to buy stocks, you will earn money. In fact, the stock market in the 1980s was the process of privatization of state enterprises. At that time, the enterprises were basically set up by national resources

in the 1990s, there was a more extensive movement to create wealth in China. At that time, if you dare to set up an enterprise, the state would dare to grant you a piece of land, and then you just need to buy a few machines and put them there, You can borrow money from the bank. Your enterprise is called a limited liability company, but if you think about it carefully, in essence, the factory building was originally the state, the capital was the bank loan, and the bank was the state's. So the process is similar to that of the Japanese buying enterprises with one yuan

Liu Chuan and Zhang Ruimin in the 1990s?? This wave of entrepreneurs, who are now well-known, are actually "occupying" national resources and getting rich. Of course, Lenovo started with the nation, and the whole engineering team of Lenovo was also trained by the nation. But all these things that were originally in the name of the country are not wealth. As long as they are in the name of Liu Chuan, they immediately become enviable wealth

well, I think that's about it. Finally, an example is given

Do you think the Himalayas are wealth? No, at least not now. But if our country announces that this mountain is yours, you can build a fence at the foot of the mountain. Whoever can enter, who can climb the mountain, has the final say. Then you must be the richest man in the world

you can see that if you turn a ownerless thing into a private thing, it will become wealth. This is the process of wealth creation

After the invention of the Internet, another online world paralleled the offline world appeared

when I was in 1998, I went to the Internet bar and registered a lot of 5-digit QQ numbers. Now the 5-digit QQ is worth tens of thousands of yuan..... It's a pity that I forgot the password long ago

these QQ numbers were originally ownerless, but as long as they were registered and owned by specific people, they were worth so much money. You don't tell me what bubbles, what virtual wealth, TMD is someone willing to spend tens of thousands of dollars to buy a 5 digit QQ number. This is a real wealth. p>

another myth of wealth creation is domain names. We all know that the registration cost of domain names is very low. The domain name does not belong to anyone, but as long as you register, it belongs to you. Domain names are now a huge wealth market. The largest share of domain name wealth does not belong to domain name management companies, such as Wannet and Gouda. The real domain name wealth belongs to those who have been registered and belong to the private. Even if Alibaba gets a new suffix or something, it is very cheap at the beginning of the auction process, but after it is privately obtained, NIMA becomes more and more expensive

do you see that in the parallel world of the Internet, as long as we try to distribute the originally ownerless things to the private, wealth will come into being

Chapter 3 why is the fork coin valuable

no matter what it is, as long as there is a clear property right system and it belongs to the private, no matter how rubbish it is, it belongs to you, and it is likely to become wealth

land is like this. Ownerless land is not wealth, so Russia is the world's largest territorial country, but it is extremely poor. If Putin sells Siberia to private Chinese, so that the Chinese can buy a few hectares of land with just a few bitcoins, I tell you, in ten years, Russia will become a major center of the world's wealth. Re create the enclosure movement of British Empire and the myth of western development of American imperialism

If anyone owns the Himalayas, he must be the richest person in the world. But now that this thing is owned by the state, it's not wealth

the same is true for enterprises. As long as we find a way to give clear ownership to the private, no matter what the way is, we can give it for nothing, sell it to the private for one yuan, or cross the river by feeling for the stone. As long as the state recognizes it and the real executable law guarantees it, the enterprise will become a huge fortune and the stock will become wealth

The same is true for domain names and QQ numbers

bitcoin and blockchain naturally have a clear ownership system. As long as you master the private key, it's yours, and no one can take it away. For any kind of currency, you don't care what it is, as long as it is really owned by you, because the property of blockchain, which is owned by you, is so guaranteed that it doesn't need the law or the government. As long as we believe in mathematics, we can clearly know that this thing really belongs to me. With such characteristics, it is very easy to become wealth. Everyone will think, this thing is mine, even if it's shit, it's also mine. If you want to take it away, it's impossible to give it away. You can buy it with money

that's the underlying reason why fork coins can be sold at a good price

Chapter 4 Why did Li Xiaolai give away the token of big.one for free. And a token PRS for press.one. Why send it

maybe the logic is the same. As long as specific things are fixed as ownership according to specific rules, then this thing will become wealth

Some of the big coins are given away free of charge, but the larger share is owned by the issuers. The part sent out becomes personal goods and wealth. By the way, the issuer's part is also estimated as a huge amount of property

Chapter 5 Conclusion

How can bitcoin, which clearly and accurately guarantees private ownership, be cheap

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6. Prices are controlled by people. virtual currency (digital currency) is the same as futures. In fact, it can be seen from the current data
that it is linked with the international market. Secondly, virtual currency has profits. Why is it rising slowly? Because you can see the profits, more people can buy it, and it's easier to cut leeks when the limit falls

7. It's hard to answer this question. His price is easily influenced by the policies of the makers and the global government. It seems that a leile website has some related information

8. How many central affairs contracts will be signed

9. Ethereum fog, or ETF for short, is a branch chain of Ethereum, which is designed to solve the problem of distributed storage and distributed computing power that Ethereum lacks. In the later stage, it will switch to the hybrid mining of pow + POS. The original coin is ETF

after Ethereum bifurcates into etheric fog, the two will exist and develop together< br />