Potato Bitcoin

1. Is this surge of Bitcoin the third halving stimulus?

The inflated bubble will burst sooner or later. How similar is this bubble to the tulip of the year

2. What are the similarities and differences between Lipo and Bitcoin

But this is not the source of Bitcoin’s value.
Now ordinary computers can’t mine one coin a year.
Therefore, I personally believe that the value of Bitcoin stems from people’s confidence in it, and it is basically not used for other purposes than currency.
However, the reality is that there are very few occasions where Bitcoin can be used for payments.
In terms of whether it can preserve its value, there are currently very different opinions from all sides. Bitcoin is not worth much, but perhaps more people think that Bitcoin is likely to be worthless in the future. Bitcoin is similar to gold, and the value of Bitcoin is The real source of it is people’s confidence in it, and as far as I know there are some people who hold the same opinion as you.

Bitcoin advocates believe that the use value of Bitcoin lies in the excellent properties of Bitcoin that are suitable for use as money.
Although there is a cost to generate bitcoin, not the labor required to generate bitcoin, and it can be widely recognized by people. Because if no one wants Bitcoin itself, some people think that Bitcoin may rise to $10,000 in the future. To put it bluntly, no matter how high the cost of mining is, if you don’t believe it, it will not be worth it. If people believe it is worth it, it will be worth it. , therefore valuable but scarce. Of course, the current price is derived from people’s expectations for the future of Bitcoin.

3. Is the Bitcoin scam real?

It can’t be said that it is a scam or not, it is all a matter of The money man’s toys cannot be manipulated by ordinary people. If you get the big guy’s money out of it, others can collect the net and become the reaper.

4. What do the three wave lines in the Bitcoin chart represent

The concept of Bitcoin was originally proposed by Satoshi Nakamoto on November 1, 2008, and was introduced in 2009 by Satoshi Nakamoto. Officially born on January 3, 2019. The open source software designed and released according to the ideas of Satoshi Nakamoto and the P2P network built on it. Bitcoin is a virtual encrypted digital currency in the form of P2P. Peer-to-peer transmission means a decentralized payment system. Unlike all currencies, Bitcoin is not issued by a specific currency institution. It is generated through a large number of calculations according to a specific algorithm. The Bitcoin economy uses a distributed database composed of many nodes in the entire P2P network to confirm and record all transactions. And use the design of cryptography to ensure the security of all aspects of currency circulation. The decentralized nature of P2P and the algorithm itself can ensure that the value of the currency cannot be artificially manipulated by mass-producing Bitcoin. The cryptography-based design allows Bitcoin to be transferred or paid only by the true owner. This also ensures the anonymity of currency ownership and circulation transactions. The biggest difference between Bitcoin and other virtual currencies is that its total amount is very limited and it has a strong scarcity.

Warm reminder:
1. The above explanations are for reference only and do not make any suggestions.
2. There are risks in entering the market, and investment needs to be cautious.
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5. Is bitcoin a scam?

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Whether it is in the past or in the future, we have always advocated that individual interests should conform to collective interests. When facing social and economic interests, we must first consider social values. When dealing with virtual currencies in financial transactions, what should we do? Choose its social value and economic value?

There are thousands of virtual currencies circulating in the market, not every currency will follow the social value first criterion in transactions. Between December 2017 and January 2018, with the chaos of ICO There are many virtual currencies that are waiting to disrupt the trading market, which not only causes many investors to lose money, but also loses their hope of adding value to virtual currencies. This type of virtual currency not only has no social value, but also its own economic value. to the realization.

Bitcoin, as the first virtual currency to appear in the public eye, I think it is a financial product with both social and economic values. The value of the received currency has risen to $10,000+ today, and it has also driven the development of the entire industry. Bitcoin is the leader of the emerging industry and the maintainer of the industry. Its contributions are multi-faceted, and its advantages are naturally incomparable.

Mmcoin is a newly emerging virtual currency. It may seem tepid now, but the soup made by slow fire is often different. The trend of Abi Mmcoin can be closer and closer to Bitcoin, and it will walk side by side with it in the near future.

6. Besides Bitcoin (BTC), what other virtual currencies are there

1, QCoin

Q coin, referred to as QB, also known as QQ coin, Tencent Q coin, etc. Usually its exchange rate is 1Q currency = 1 RMB, and it is generally 10% off for transactions on Tencent Paipai.

QB is a virtual currency launched by Tencent, which can be used to pay for QQ’s QQ line number, QQ membership services and other services. Tencent Q coins can be obtained by purchasing QQ cards, phone recharge, bank card recharge, network recharge, mobile phone recharge card, all-in-one card recharge card, etc.

The face value of the QQ card is 10 yuan, 15 yuan, 30 yuan, 60 yuan, 100 yuan and 200 yuan respectively.

There is another kind that exists in the electronic cryptocurrency circle, the name is QQCoin, and the two are not related.

2, Litecoin

Litecoin, abbreviation: LTC, currency symbol: Ł; is a network based on “peer-to-peer” technology Currency is also an open source software project under the MIT/X11 license. It helps users make instant payments to anyone in the world.

Litecoin is inspired by Bitcoin (BTC) and technically has the same realization principle, the creation and transfer of Litecoin is based on an open source encryption protocol that is not governed by any central authority .

3. Infinite Coin

Infinite Coin (IFC for short) is an emerging digital currency, which has more circulation advantages than Bitcoin, filling the role of Bitcoin in commercial circulation and promoting business Shortcomings in areas such as operation. The positioning of Unlimited Coin is to serve the small transaction payment in daily life.

Unlimited currency requires 3 confirmations per transaction, each confirmation takes 3 seconds, and the transaction confirmation speed is very fast. Since Bitcoin transactions require a total of 6 confirmations, which take about 1 hour, and Litecoin transaction confirmations take 15 minutes, unlimited coins are used for daily common transactions, which is more practical.

Infinite Coin was released on June 5, 2013. Based on Scrypt PoW algorithm. A block is generated in 30 seconds. The initial block contains 524,288 unlimited coins. After that, every 86,400 blocks are generated, the number of coins in the block is halved, with a total of about 90.6 billion coins. Mining difficulty is adjusted hourly.

4. Quark Coin

Quark Coin is not a currency in real life, it exists securely in the computers of the global network.

The Quark Network is protected by 6 state-of-the-art encryption algorithms to ensure that it can become a digital ledger, and the entire network generates a proof-of-work by utilizing each of the 6 functions. -work), and coin producers must “validate” these transactions to ensure that each coin addition is genuine and valid.

Only legitimate computers can participate in ensuring that it can maintain a highly secure peer-to-peer network, which makes it more decentralized.

Quark coins can only be mined through the CPU of a regular computer. In the first 36 weeks, a total of 247,605,120 quarks will be mined. Starting from March 30, 2014, the number of quarks is set to 1,050,000 every year. Coins can flow into the market through “mining”, and the block reward will never be lower than 1, currently 2.

5. Zetacoin

Zetacoin was released on August 3, 2013, with one confirmation every 30 seconds, and the transaction confirmation speed is very fast. Zetacoin is based on the SHA-256 algorithm An open source digital currency, the initial coin mining is 160 million coins, 1 million gold coins and subsequent annual inflation, this small inflation is a better incentive to keep the network hash not pure transaction fee.

The total amount of Zetacoin is 160 million, 1000 ZET per block, and halved every 80640 blocks.

7. What do the three wavy lines of yellow, purple and green on the Bitcoin chart represent?

The three wavy lines above Bitcoin represent

It is the daily line Daily price action.

8. The very popular Bitcoin was stopped, and how many people suffered heavy losses as a result.

Everyone realizes that Bitcoin is a new type of online paper money, which is the same as the real one. Money is directly linked, that is to say, when we come to exchange in our swimming life, Bitcoin is used on the Internet. This kind of Bitcoin can be used on a large scale on the Internet, not only in foreign countries but also in China. But why was such a hot bitcoin stopped? And a lot of people lost a lot because of it?

Finally, I hope everyone can treat this matter correctly and must treat it reasonably and legally.

9. Who invented bitcoin

The conceptual founder of bitcoin is Satoshi Nakamoto.

On December 12, 2010, when Bitcoin became popular, he quietly left and disappeared from the Internet.

As a descendant of samurai, Satoshi Nakamoto was born in Beppu, Japan in 1949. His mother Quanko was a Buddhist, and he worked hard and lived very poor.

Parents divorced in 1959, Nakamoto’s mother remarried and immigrated to California with three sons. Nakamoto and his stepfather did not get along well, but according to his younger brother Arthur, Nakamoto showed a talent for mathematics and science at an early age, but also showed “a ruthless and…The funny and weird side.

Satoshi Nakamoto graduated from California Polytechnic State University, majoring in physics. Upon graduation, he joined Hughes Aircraft, where he worked in defense and telecommunications Work. Later, Satoshi Nakamoto worked for the U.S. military, and his experience was classified as a state secret. Now, after searching his files, his life is blank.

Nakamoto in 2008 Satoshi published an article in a mailing group discussing information encryption on the Internet, 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. 2010 On December 12, 2008, when Bitcoin became popular, he quietly left and disappeared from the Internet.

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