Virtual currency mania
The essence of money is the general equivalent. In the process of the continuous development and evolution of human history, it has gone through the stage of physical money, the stage of substitute money, and then entered the stage of credit money. In primitive society, people exchanged livestock, salt, shells and other hard to get goods as general equivalents
in the long history, the emergence of metal currency makes the economic life achieve unprecedented prosperity. However, e to the inconvenience of carrying metal money, paper money became the mainstream form of money. With the rapid development of modern information technology, e-money has come into our life
if the evolution process from physical money to value symbol paper money is the first qualitative leap in the history of money development, then the evolution process from paper money to electronic money is the second qualitative leap in the history of money development
from the perspective of money form, physical money itself is a commodity in addition to performing monetary functions; Paper money is a symbolic tool of value for commodity exchange and a credit currency; Electronic currency is the proct of highly developed Internet economy and continuous progress of bank payment and settlement technology. It not only has the function of traditional currency, but also can continuously improve digital currency
At the same time, the virtual money market based on electronic information is also booming. By the end of 2014, the number of Internet users in China had reached 632 million, including 517 million registered users in the online game market and 114.48 billion yuan of sales revenue, an actual increase of 37.7% over the previous yeara huge virtual space based on the Internet has been formally formed. As a kind of virtual currency with intrinsic value, convenient online trading behavior, low transaction cost, and service providers' issuance, it emerges as the times require
first of all, from the functional analysis. Virtual currency is a kind of transaction medium in the Internet virtual space, which has the function of value scale, but the value scale of virtual currency is different from that of legal currency
using virtual currency to purchase virtual procts and services can only be within the scope specified and allowed by the issuer of virtual currency (Internet operator), and the size of this scope depends on the number of virtual procts and services. If the virtual procts and services provided by the website are large enough, the scope of virtual currency will be large
the currency value of virtual currency depends on the pricing of virtual currency by issuers. When no currency can communicate between virtual cyberspace and reality, the pricing of procts and services is still based on real RMB. That is to say, when issuers of virtual currency price their own virtual currency, they should first convert the price of virtual currency based on RMB
bitcoin can be said to be the ancestor of virtual currency. It was launched in 2009. At that time, the value of bitcoin was very low. One dollar could buy more than 1300 bitcoins. At that time, a programmer in the United States exchanged 1000 bitcoins for two pizzas, which is often ridiculed by everyone. A lot of people are saying that if his bitcoin had been preserved until now, he would have been a billionaire. But who knew that bitcoin would be so valuable in modern times? At that time, few people knew about bitcoin, so there was no hype. At that time, bitcoin had no economic purpose. It was just used to exchange game equipment
now the world uses a lot of electricity to dig bitcoin every year, because the cost of electricity is very high, and the market value of bitcoin is volatile, so the benefits obtained by digging bitcoin are very small
virtual currency has not been recognized in many countries, so it is easy to be affected by policies, resulting in a large number of fluctuations, so we need to be extra cautious in investing in virtual currency the main reason for the decline is that the US Securities Regulatory Commission sued two senior executives of reborn for issuing encrypted digital currency without registration. According to the report provided by the CSRC, reborn has issued about US $1.3 billion worth of reborn without registration. This phenomenon is similar to the company's unauthorized stock issuance without registration authorization. Therefore, the CSRC filed a lawsuit against its senior executives
so far, Ruibo currency has declined by 60%. Some big institutions holding Ruibo currency earlier also announced that they had cleared their positions. Affected by this news, the prices of all digital currencies in the disk have declined, and bitcoin, which rose to a new high earlier, has also fallen a lot
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 specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses the design of cryptography to ensure the security of all aspects of currency circulation
the decentralized feature and algorithm of P2P can ensure that it is impossible to artificially control the value of bitcoin by mass manufacturing. 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 a strong scarcity
extended information:
users can buy bitcoin, and at the same time, they can also use computers to "mine" bitcoin according to a large number of calculations. When users "mine" bitcoin, they need to use the computer to search for 64 bit numbers, and then compete with other gold miners by repeatedly solving puzzles to provide the required numbers for the bitcoin network. If the user's computer successfully creates a set of numbers, then they will get 25 bitcoins
e to the decentralized programming adopted by the bitcoin system, only 25 bitcoins can be obtained every 10 minutes, and by 2140, the maximum number of bitcoins in circulation will reach 21 million. In other words, bitcoin system is able to achieve self-sufficiency, resist inflation through coding, and prevent others from destroying these codes
about three hours to Puyang
Dog coin is a virtual currency. The risk behind it is very big, because it is not linked with the purchasing power in real life. It is a virtual thing. If you say it is worth money, it is worth money. if you say it is not worth money, it will quickly become worthless. So what? To determine whether it is worth money or not is the relationship between supply and demand in the market{ RRRRR}
virtual currency is virtual, so it must be unstable, because the withdrawal of large traders will lead to a decline in prices. Now, more than one investment institution has chosen to lighten the warehouse or clear the corresponding virtual currency, because the virtual currency has reached a certain level, or the bubble is very serious now. All countries are graally studying the supervision of the virtual currency. Under the situation of strong> policy being strengthened constantly, And under strict circumstances, it naturally further restricted his growth space
Virtual currency itself is relative to virtual currency, and e to the lack of effective market supervision by the government, it is easy to be manipulated by some capital, therefore, it will also appear the phenomenon of rising tide and rising ship. On the other hand, when the capital is tough and wrong, it will also appear the behavior of cutting leeks. Therefore, most people who invest in virtual currency also need to be cautious, The big fluctuation is also e to the following reasons{ RRRRR}
3, it has to be said that the bitcoin market lacks an effective economic regulatory system, so there will be a series of problems, precisely because some people's opportunistic behavior will also aggravate the phenomenon of market volatility< p> In fact, we will find that the bitcoin market itself is highly virtual and lacks an effective legal tender supervision system, which leads to a lot of uncertainties in the currency itself. On the other hand, the opportunistic behavior of investors is bound to aggravate the market volatility and lead to the instability of the price valuethe reason why the investment in the currency circle fluctuates greatly is that the virtual currency itself is not legal tender, so there is no effective regulatory system. just because of this, the market fluctuates greatly and is easily affected by capital. On the other hand, some people's deliberate or unintentional opportunistic behavior will also increase the fluctuation of value, As a result, some people are doomed to suffer