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1  Bitcoin / Bitcoin Discussion / Re: 1000 Bitcoin: The World's Most Expensive Prius on: March 04, 2019, 07:31:42 AM
Everything is developing, like cars that have been depreciating since they were bought, and Bitcoins that have been rising since they were bought. But he needs a car.
2  Bitcoin / Bitcoin Discussion / Re: bitcoin improvement on: March 04, 2019, 06:20:37 AM
Over time, Bitcoin is likely to gain more investor recognition for other reasons. For example, because the total supply of Bitcoin is constant (21 million), it has a good anti-inflation ability compared with a country's French currency. In the long run, the purchasing power of such encrypted currency will be higher and higher. In addition, the supply of Bitcoin is not regulated, but also has many advantages that the French currency does not have. For example, Bitcoin is a global encrypted currency, currency issuance is not controlled by a centralized central bank, cross-border transfers are very convenient and do not generate a lot of transaction and administrative costs. Banks, money markets and financial traders can not make use of their own in the traditional financial field. Centralization and profit extraction. All of this makes Bitcoin an encrypted currency suitable for long-term investment and holding.

Although we can deduce that media propaganda, political risks and uncertainty, regulatory actions and community autonomy are the main factors affecting the short-term price changes of Bitcoin, the technology itself is still full of variables, and is still in the experimental and development stage. So far, there is no effective mathematical mechanism to predict the future trend of the encrypted currency. Investors have to be vigilant and bear their own profits and losses.
3  Bitcoin / Bitcoin Discussion / Re: Do you think Bitcoin matured as a currency? on: March 04, 2019, 05:58:39 AM
Bitcoin is a real currency, not a quasi-currency.

Now there is a saying that Bitcoin is not a currency, but a quasi-currency.

Quasi-currency is a kind of asset that can be converted into currency at any time although it can not be used for circulation directly. It is mainly composed of fixed deposits, savings deposits and various short-term credit circulation instruments. Obviously, Bitcoin does not meet the above definition.

At present, the fact that Bitcoin can not be used for shopping in our country is the result of the prohibition of administrative order, not caused by its own nature. If the restriction of administrative order is not taken into account, Bitcoin can naturally be used for circulation. Therefore, Bitcoin is a genuine currency rather than a quasi-currency.
4  Bitcoin / Bitcoin Discussion / Re: How to keep the BitCoins Safe? on: March 04, 2019, 05:48:05 AM
1. Keep your private key address secret

Bitcoin addresses are the only information needed to define the end point of distribution and transmission of bitcoins. These addresses are generated anonymously by the user's wallet. Once the address is used, all transaction histories
associated with it destroy the confidentiality of the address. Anyone can view the balance of any address and all transactions. For these reasons, bitcoin addresses are best used only once, and users must be careful not to reveal addresses.

When replacing a computer, try to destroy the hard disk of the original computer. Do not save or publish the private key of Bitcoin to the cloud, mailbox or collection.

2. Keep in Bitcoin Wallet

Many Bitcoin exchanges have been hacked. If you use a Bitcoin Exchange wallet, use "double authentication" such as Google to ensure security.

Bitcoin wallet has all customers and is safer than the wallet service of Bitcoin Exchange. No matter which wallet you choose, you should choose a strong password instead of using the same password as your registered mailbox. At the same time, do not put eggs in the same basket, choose multiple storage channels, improve the security of assets.

3. Identifying phishing websites

The most commonly used method for hackers is phishing websites. Hackers will create a domain name similar to Bitcoin Web site, which may be sent to users through e-mail and other channels. Once a user tries to log on to the site, the hacker will record his login information.

So be cautious before clicking on any link. Many browsers have a "website phishing inspection" service, if you carefully identify the domain name of the site, you can identify phishing sites.

4. Keyboard recorder

In addition to phishing sites, hackers often use keyloggers to attack them. Keyboard recording is the easiest way to capture passwords. The success of keyboard recording depends on many factors, including the operating system, the lifetime of keyboard recorders, and the anti-infection level of the target computer. Keyboard logger is usually injected through web browser.

The security vulnerabilities of the target machine depend on the type of browser it uses; whether the operating system installed by the target machine is authentic or not, and whether the operating system updates the latest security vulnerabilities and bug fixes.

5. Be careful with USB theft programs

The stealer software retrieves your password and login credentials stored in the browser. Once FUD, some theft programs can be very powerful. In most cases, a stealer is a. bat file that can be injected online into the target machine or driven by USB.

6. Using proxy and VPN

Proxy servers and VPNs can increase the security of your Bitcoin wallet, although most people mistakenly believe that VPNs make them anonymous online. But in fact, VPN only improves the privacy of users. VPN can reduce the possibility of hackers accessing routers to open ports, which also means that they are less likely to succeed.

7. Encryption and Backup Wallet

Wallet backups are essential. If a computer or cell phone is lost, wallet backups can help recover these bitcoins.

How do I back up my wallet? First shut down the Bitcoin Guanfang client, then select the backup wallet of menu file in the main interface, copy the wallet. dat file to other hard disk partitions, mobile hard disk or U disk, and the backup can be completed.

It's important to note that the entire wallet should be backed up, not just the private key.

8 cold storage

Offline wallets are called "cold storage", which is the safest way to keep digital money.

Cold storage is an offline wallet that is disconnected from the network, that is to say, it will not be attacked by black horse and Trojan horse, but because the operation is relatively complex and the price is relatively expensive, the price of offline wallet is more than 1000 yuan, which is suitable for users who have many bitcoins and are ready to hold for a long time.

Although the operation of cold storage is relatively complex, it is the safest storage method. At present, only cold storage can make personal assets inviolable and not be supervised by others.
5  Bitcoin / Bitcoin Discussion / Re: Bitcoin could be used to pay for Bills,load and for travel in the Philippines on: March 03, 2019, 07:51:47 AM
The development of Bitcoin in the Philippines seems quite positive. The central bank document acknowledges the possibilities Bitcoin brings to the country. Moreover, the country has no plans to create independent licensing requirements for Bitcoin, which is good. The new scheme is expected to come into effect on February 21, 2017. What legal effects will Bitcoin have on its use in the Philippines?
6  Bitcoin / Bitcoin Discussion / Re: how with 5G be with bitcoin? on: March 03, 2019, 07:36:42 AM
Block chain not only refers to the combination of cryptography principle, intelligent contract, consensus mechanism and other technologies, but also represents new governance models such as trust intermediary and TOKEN economy. It has the characteristics of decentralization, anonymity and untouchability. It solves the problems of Shuanghua and Byzantine General and is a recognized and credible governance structure.

Block chain achieves point-to-point transmission of value through technical means. In the de-centralized network, every user keeps the information of the whole network. The transmission, record and transaction of value should be confirmed by the whole network. The characteristics of de-play, non-tampering and traceability ensure the high value attribute of the block chain network. It is the best value-bearing system in the 5G era.
7  Bitcoin / Bitcoin Discussion / Re: Warren Buffet statement again on: March 03, 2019, 05:26:11 AM
It is precisely because everyone can dig, it can be said that everyone has the right to cast, will be so many countries and vested interests to suppress, if legalized, the bottom digging can exchange needed goods, to work for vested interests is no longer the only way out, get rid of the upper people with rights and interests on the bottom of the shackles, solidified class will be subversive XX, the ultimate majority. The upper class will lose their status and rights. If they want to get what they need, they must dig it in person, and they can no longer enjoy it. Besides, the value of digging is very expensive. Electricity is produced by water and coal, which is as valuable as the products of all machinery factories. After the legalization of Bitcoin, the current monetary system will be abandoned, because everyone can produce and circulate it. No one will work hard for others anymore. People at the top of the pyramid will fall into the civilian class in an instant. Would the upper class want to see that?

 
8  Bitcoin / Bitcoin Discussion / Re: Best way to pay newbie with bitcoin? on: March 03, 2019, 05:11:49 AM
Hey guys. Was looking for a convienent way to pay someone I owe money in bitcoin who has no technical or familiarity with crypto. Someone who is new and not 100% confident who needs a way to sell it into fiat at any time. My first thought was coinbase, as they can deposit into bank accounts directly. Then I thought the Cash app would be easier. But both have id verification and all this paperwork to go through. Is there anything supwr simple? Like maybe a wallet integrated into paypal or venmo? Any advice appreciated.
The simplest way is to use an exchange, such as a ZB exchange. Choosing C2C transaction and publishing the sale information will receive the buyer's payment directly. Simple, the key is security. There is endorsement on the exchange. There won't be so much trouble. ZB's website is zb. cn, which I've been using all along.

9  Economy / Service Discussion / Re: Bitcoin Mining Sites on: March 03, 2019, 04:54:54 AM
I just want to get feedbacks, there lots of sites offering bitcoin mining , is it legit? Do we really and from this , and can we withdraw it? Coz i wanna try but want to ask those who joined already there so i'll get some ideas about it. Thanks.
1. Calculating hash value is a special way. It consumes too much energy and is too difficult to use ordinary computer.

2. Bitcoin has no super-node, can not get more tasks queuing, and has limited ability to grab resources.

3. Miner's function has reached the apex of utilization rate, and cloud computing is meaningless.

4. Bitcoin algorithm is so special that the processing speed of ordinary algorithm is obviously insufficient.

To sum up, Bit Miner is not suitable for cloud to publish tasks and work.
10  Bitcoin / Bitcoin Discussion / Re: Bitcoin SEC approval 27.2.2019 - any news? on: March 01, 2019, 06:07:30 AM
I don't have any news here. Maybe because of the control of our country, the people can't receive more information. And I find that our country's Bitcoin enthusiasts are not particularly concerned about whether the SEC will pay through.
11  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a better store of value than gold on: March 01, 2019, 05:29:28 AM
For the Bitcoin, it has done well in the short term, but this excellent performance is accompanied by a huge downside risk. Businessmen who support Bitcoin payments face this downside risk unless they immediately convert Bitcoin into common currency in subsequent transactions. Even though the whole process theoretically takes about six minutes, it actually takes about two hours to convert Bitcoin into ordinary currency, one hour to confirm the transaction and another hour to confirm the price, during which time businesses may be affected by falling volatility. Permanent Bitcoin holdings may have tremendous room for growth, but at the same time businesses have to be able to accept downside risks. After all, businessmen should spend time and energy doing what they are best at - selling goods, not trading currencies and bitcoins.
12  Bitcoin / Bitcoin Discussion / Re: Bitcoin is not intended to be a stock. Blockchain has nothing to do with price on: February 28, 2019, 08:17:24 AM
The degree of decentralization varies

The mapping behind the stock is an entity limited company. The shareholders'meeting, the board of directors and the board of supervisors correspond to the power, decision-making and supervision respectively. In general, there are actual controllers who control the direction of the company's development, so the degree of centralization is relatively high. Bitcoin is different, it has no physical mapping, it is not a company, it does not have shareholders'meeting, board of directors, board of supervisors, it has a variety of large and small mines, in the world of Bitcoin, mines represent power, power represents power, overall, the power distribution of Bitcoin is more decentralized, so the degree of centralization is lower than that of stocks.

Second, different regulatory positions

The establishment of a company shall follow strict legal procedures. The basic process of registered company: 1, inquiring enterprise name 2, providing basic information by customers 3, first examination and approval of industrial and commercial seal 4, capital verification 5, submitting to industrial and commercial bureau for examination and approval, printing business license 6, processing enterprise organization code certificate 7, handling tax registration certificate 8, obtaining all licenses, and other related materials. Everything from establishment to operation to bankruptcy of a company should be carried out in accordance with legal procedures, so that the legitimacy of the company's business can be supervised by government agencies. At the same time, the company's economic operations must be recorded in accordance with strict accounting system.

Even though the central bank has positioned Bitcoin as a virtual commodity, in fact, too many Bitcoin transactions are outside the law. Due to the de-centralization and anonymity of Bitcoin and the characteristics of global transactions, there are no effective laws and regulations to regulate Bitcoin transactions.

Three different valuation methods

As experienced stock investors, we know that stock valuation methods are various, such as P/E ratio, P/E ratio, free cash flow discount method. As far as P/E ratio method is concerned, its principle is dividing stock price by profit. It reflects that when dividend rate is 100% and dividend is not reinvested, after many years, our investment can be recovered all through the day. However, Bitcoin does not have these valuation methods. At present, there is no generally accepted valuation method for Bitcoin. However, some people in the industry usually use the "mining cost method" to valuate Bitcoin. Besides, there are also methods to anchor gold and foreign exchange reserves. We can see that as an investment product, the valuation of Bitcoin is essentially different from that of stocks. Does that mean that there is no difference between the analysis of Bitcoin price and that of stock price? In fact, it is not. Although valuation methods vary greatly, supply and demand determine prices, which is unchanged for commodities under any market economy.
13  Bitcoin / Bitcoin Discussion / Re: Steve Wozniak former Apple ceo is asked about his view on bitcoin on: February 28, 2019, 07:30:07 AM
I'm not sure we've seen tremendous value destruction, but I think we've seen tremendous value creation... Psychology often drives the market... I've never bought Bitcoin as an investor. I bought Bitcoin just to experiment, learn how to buy and sell it, and find restaurants around the world that accept it.
14  Economy / Speculation / Re: BTC just went Down on: February 28, 2019, 07:11:56 AM
Four hours of big Yin line set a short tone.

The black clouds of the day before yesterday heralded a shortfall in the future.

To sum up, the short position of Bitcoin hasn't changed, and the candle chart indicates that the possibility of going short is greater. Instead of making a new deal today, just hold the empty ticket that came in at 3799 yesterday and wait patiently for Bitcoin to reach its target position of 3450.

Whatever the market, light trading; this market survival first, profit second.
15  Bitcoin / Bitcoin Discussion / Re: PayPal fears Bitcoin :) PayPal CEO Dan Schulman Disses BTC & Praises Blockchain on: February 28, 2019, 07:01:43 AM
No wonder XAPO can make so much money. The founder himself is a big man.
16  Bitcoin / Bitcoin Discussion / Re: Is Bakkt the Future of Bitcoin and cryptoworld? on: February 27, 2019, 08:07:37 AM
https://ir.theice.com/press/press-releases/all-categories/2018/08-03-2018-133022149


aunch of regulated, physical Bitcoin futures contract and warehouse planned for November 2018
Bakkt to draw on expertise from leading companies across regulated markets, risk management, technology and consumer experience including BCG, Intercontinental Exchange, Microsoft and Starbucks
17  Bitcoin / Bitcoin Discussion / Re: Religion and politics divide people yet bitcoin unites them on: February 27, 2019, 07:54:02 AM
Block chain technology has existed for a long time. Bitcoin came later. Block chain is one of the technologies.

Digital money is different from Bitcoin in nature. Digital money is central, its quantity is uncontrolled and there is no upper limit.

Generally speaking, Bitcoins are a protest against the existence of a central currency. There will be no central bank in the future, no current currency, only Bitcoin-like currency.

As for the derivative path, we can't see it now. It's hard to say in the future, but Bitcoin won't disappear.
18  Bitcoin / Bitcoin Discussion / Re: Lowest withdrawal fee? on: February 27, 2019, 05:29:13 AM
In ZB, the handling fee for Bitcoin withdrawal can be as low as 0.0003 to 0.003. I think because the Bitcoin network is still a bit congested, so they all choose higher handling fees. Otherwise, your Bitcoin will not know when it will arrive. I just checked that there are 153,457 unpackaged bitcoins. So if you want to hurry up, please don't fill in such a low handling fee.
19  Bitcoin / Bitcoin Discussion / Re: A Billion People Will Be Using Cryptocurrency in 5 Years: Brian Armstrong on: February 27, 2019, 05:18:50 AM
The chief executive of Coinbase, an encrypted currency exchange, predicts that the total number of encrypted ecosystems and digital currencies will increase dramatically in the next five years, mainly due to the growing number of commercial organizations issuing tokens. The number of people in the encrypted monetary ecosystem will increase from 40 million to 1 billion.

The number of users and the value of virtual money are inseparable. Value determines price. Bitcoin has to be used by people to be valuable. The more people who use Bitcoin, the higher the value of BTC.

Metcalfe's law points out that the value of the network is equal to the square of the number of network nodes, and the value of the network is proportional to the square of the number of users.

Although Bitcoin is far from having a network effect at this stage, if the number of people participating in the encrypted currency ecosystem increases from 40 million to 1 billion in the next five years, the number of users will increase 25 times. What kind of explosive growth will occur in the total market value of the corresponding encrypted currency? I am looking forward to it!
20  Bitcoin / Bitcoin Discussion / Re: What do you want to see for Bitcoin - A stable or a volatile market? on: February 26, 2019, 07:56:48 AM
In the traditional field, money has three main uses: exchange media, means of value storage and unit of account. Although different uses require different attributes of money, tools for storing stable values are indispensable to every economy. In the Internet world, there is no original value tool.

So recent price declines may remind investors of the rise and fall of asset prices and their high volatility, suggesting that Bitcoin may not be a good way to store wealth, but it may be worse as a currency.

But the exploration of Bitcoin prices has always been an interesting journey, and the reasons for the rise and fall of Bitcoin have also been widely applied to speculation. Exposure to various markets still plays an important role in the cause of concern about Bitcoin, although data show that the volatility caused by this correlation is slowly declining from the previous high.
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