Millions of Bitcoins for Pizza

A. Through the 700 million yuan pizza, what new understanding do you have on the transaction and transfer mechanism of Bitcoin

B. Give you one million RMB or one Ten thousand bitcoins, which one would you choose

(1) What is bitcoin?

Bitcoin appeared in 2008. It is a decentralized, anonymous currency that can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be used in the world. redeem it anywhere.

(2) The origin of Bitcoin

In 2008, someone published a paper under the pseudonym “Satoshi Nakamoto”, which described the use of Bitcoin , 1 year later, the first Bitcoin transaction was completed.

(Tiger Sniff Note: According to this article on Forbes Chinese website, this mysterious figure with a Japanese name has disappeared from the Internet. No one knows if he is really Japanese or if it is a huge institution . “Wired” speculates from his wording that he may have been born in the United States, and may even be the code name of Google or a mysterious group of the US National Security Agency.)

(3) Bitcoin Where did it come from?

Users can buy bitcoins, and at the same time use computers to “mine” bitcoins by performing a large number of operations according to algorithms. When a user “mines” bitcoin, they need to use a computer to search for 64-bit numbers, and then compete with other gold miners by repeatedly solving puzzles to provide the bitcoin network with the required numbers. If the user’s computer successfully creates a Set numbers, then you will get 25 bitcoins.

Due to the decentralized programming adopted by the Bitcoin system, currently only 25 Bitcoins can be obtained every 10 minutes, and by 2140, the upper limit of circulating Bitcoins will reach 21 million. In other words, the Bitcoin system is self-sufficient, coded to resist inflation and prevent others from breaking that code.

(4) How much is Bitcoin worth?

When it first appeared, bitcoin was almost worthless, and 1 US dollar could buy 1309.03 bitcoins on average, but now 1 bitcoin is worth 135.3 US dollars, interested friends can log in Preev Website for real-time quotes of Bitcoin.

(5) Can Bitcoin be exchanged for cash?

The answer is yes. You just need to get in touch with a bitcoin exchange to complete the exchange, of which Mt. Gox is the most popular bitcoin exchange, but now the platform only accepts new members through an app. In addition to this, there are several larger exchanges that are able to exchange and trade bitcoins.

(6) Why is Bitcoin anonymous? How to achieve anonymity?

Bitcoins are anonymous because they are built on a decentralized system, Bitcoins exist completely independently, and the outside world cannot shut it down through some kind of core infrastructure.

“Anonymity” is very useful for those who do not want to associate their name with the goods or services they purchase, all outsiders see is your bitcoin wallet address and A string of random letters and numbers, without any personally identifiable information. At the same time, for relatively paranoid users, it is also possible to create multiple new wallets for free.

(7) What can Bitcoin do?

It has been previously reported that criminals use anonymous bitcoin to buy illegal goods such as drugs and guns, but there are many legitimate merchants now accepting bitcoin transactions, such as the Howard Johnson hotel chain (Howard Johnson) Just happy to accept bitcoin for payment, and BitElectronics is a consumer electronics store that only accepts bitcoin.

(8) Why should we pay attention to Bitcoin?

Bitcoin represents a completely anonymous and cost-free transaction method. Bitcoin does not belong to any country and is not subject to geographical restrictions. It is a currency that users can freely exchange anytime, anywhere. There’s no reason why we shouldn’t pay attention to this new and promising form of money.

(9) Is Bitcoin legal?

Bitcoin is not a real currency, it does not represent a certain value like paper money and coins. At present, the U.S. government is not worried about the possible impact of Bitcoin on the financial market, because it can be regulated and controlled only by formulating corresponding laws. Compared with the “free dollar”, which appeared between 1998 and 2009, the latter is a kind of currency that can replace physical objects, and its creator Bernard von Notthaus (Bernard von Notthaus) von NotHaus was also found guilty in 2011 of making, possessing and selling currency on his own.

C. What day is the Bitcoin Pizza Day

10 years ago, a young man spent 10,000 bitcoins to buy two pizzas, that day was May 22, 2010 No. This guy was the first to use Bitcoin.

D. Ten thousand.�Is bitcoin buying pizza a hype?

It only has value if it circulates. No one used this back then, and it would be nice to be able to buy pizza.

E. How is it that two pizzas ruin a billionaire

Everyone knows that Bitcoin is very popular recently, especially the recent large-scale ransomware on computers Attack, the hacker requires payment in bitcoin to unlock the file, and no other currency is required. This is simply a wonderful robbery, but do you know how much RMB is a bitcoin?

Some Bitcoin players also regard May 22 as the “Bit Pizza Day”. Tribute to this unlucky bastard.

F. Why is it so popular that someone exchanged 10,000 bitcoins for two pizzas

10,000 bitcoins for two pizzas. It is estimated that your bitcoins are you I imagined. How expensive is bitcoin?

G. Can you still use bitcoin to buy pizza?

Now there are a lot of trading platforms in China, bitcoin China, okcoin, fire Binet, Bicun, Chinese Bitcoin, there are a lot of them, are you afraid that you can’t buy pizza if you have Bitcoin?

What is H. Bitcoin Pizza Festival?

On May 18, 2010, a programmer named Laszlo Hanyecz posted on the Bitcoin Forum that he hoped to spend 10,000 coins Bitcoin (worth $40 at the time) in exchange for two large pizzas from Papa John’s. Then on the 22nd, cryptography enthusiast “jercos”, taking advantage of the merchant’s discount, bought two pizzas for $25 and sent them to Laszlo, and received 10,000 bitcoins as promised.

The Bitcoin community has since celebrated May 22, when the iconic transaction took place, as “Bitcoin Pizza Day.” A Twitter account even popped up with daily updates on the bitcoin value of the two pizzas on that day. In addition, the deal and Laszlo will be “taunted” every time the price of Bitcoin hits a new high.

The two pizzas are worth $76.3 million at current bitcoin prices.
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I. What happened to the brother who used 10,000 bitcoins to buy pizza?

I will regret it. Not sure, because 10,000 bitcoins are now worth about 300 million yuan, so if you spend more than 300 million yuan to eat pizza, I believe this is the most expensive pizza in the world. This brother just won the lottery and forgot to return it. He will regret it. If there is no accident, this will be the most regretful thing in his life, but since he would buy bitcoin at the beginning, it means that this guy has investment consciousness. In addition to bitcoin, he I should also buy some other things, but these things may not make as much money as Bitcoin, but the awareness of this investment is very good.

As long as we carefully observe the growth process of Bitcoin, we can see the clues. When it first appeared, people who knew it would be very interested in its growth. , and will often pay attention to the growth environment around it, such as the financial environment, circulation channels, etc. These environments can be said to be a very important factor in the growth of Bitcoin, so if you can observe this kind of growth environment in detail, you will definitely closer to success.

J. How much bitcoin to buy pizza at the beginning

It seems to have spent 1300 and transferred it to a third person.

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