马来西亚区块链到底是不是骗局,马来西亚魔鬼交易所

请查看相关英文文档

A. What are the characteristics of blockchain?

According to reports, blockchain has the advantages of decentralization, trustlessness, and non-tamperability.

Compared to the Internet, the blockchain network conceived by Cosmos also realizes asset value transfer while exchanging information. Through the IBC cross-chain protocol, cross-chain transfer of tokens can be achieved between blockchains developed by Tendermint Core of Cosmos. For public chains generated based on the PoW consensus mechanism such as Ethereum, Pegged Zone can be used to bridge .

Article source: Bit110.com

B. Is MEP a scam?

Many people are still alive with Qubu. Isn’t it fun? There are still people out there. Play, GEC environmental currency is still appreciating and setting a benchmark. I think that what many editors and many anti-fraud public accounts say are troll comments and are not credible.

ntenteditable="false" data-block="true" data-editor="ie7b" data-offset-key="5rcjo-0-0">

Like In the picture above, some people even blamed the editor for revealing that in 2017, GEC cost only 7 cents each. And now there are thousands. But it is a pity that in 2017, I did not write a public account, so it was not that I was delaying the money of gamblers. At that time, you could make money by buying Bitcoin, you could make money by buying a house, and you could make money by buying many blue-chip bull stocks, such as Moutai. Even now, there are many investment channels, so why play a scam?

There are a lot of articles on the Internet revealing that GEC environmental coins are a scam. Many people are watching the rise of GEC coins. Some people who have played it regret it, and those who have not played it there are new people rushing into it. It is obviously a Ponzi. Why is it that the scam has not failed after three years? Not only has it not failed, but it has also increased in value?

1. As cities move towards rural areas, promotion is carried out in secret, and new blood continues to grow.

Let’s take a look first, MLM “GEC Environmental Coin” targets rural areas in Henan

ntenteditable="false" data-block="true" data-editor="ie7b" data -offset-key="a0sf4-0-0">

In less than 3 years, GEC environmental coins have successively developed members in Yunnan, Jiangsu and Zhejiang regions, advocating that "GEC prices will surpass Bitcoin." GEC, which is trading within the market, is also trading at 3It was adjusted from US$0.01 to US$200 during the year. Now, the project has begun to recruit members in some rural areas of Henan. ​

Secret promotion for 3 years now appears in Henan
Currently, judging from the official number of registered users of GEC of 2 million, its scale has exceeded the previous capital market that swept the world and then collapsed. PlusToken. The "World Environmental Entrepreneurship Foundation", the sponsor of GEC, was designated as an illegal social organization by the Zhejiang Provincial Department of Civil Affairs as early as June 2019.

ntenteditable="false" data-block="true" data-editor="ie7b" data-offset-key="3lpfg-0-0">

World The Environmental Entrepreneurship Foundation is classified as an illegal organization

In fact, since 2017, mainstream media have continuously exposed the scam nature of the project, but the promotion of the project has changed from Yunnan to Jiangsu and Zhejiang areas gradually moved to inland areas.
There are many people in cities who are educated and know a lot, so it is difficult to fool people. Now this kind of MLM fund is crazily penetrating into various small cities, towns, and villages.
Erhuo coin members became crazy after brainwashing, raising prices for each other, throwing money to buy coins:

▋ Crazy member: selling blood to buy coins

In the GEC currency circle, there is a much-talked-about heroic story about a "heroine" who sold her blood to buy coins!

ntenteditable="false" data-block="true" data-editor="ie7b" data-offset-key="cr76-0-0">

ntenteditable ="false" data-block="true" data-editor="ie7b" data-offset-key="6kj54-0-0">

She really is a heroine...

▋ One of the crazy members: Divorced his wife to buy coins

There are also people who were opposed by their wives because of doing GEC and divorced their wives directly:

ntenteditable ="false" data-block="true" data-editor="ie7b" data-offset-key="1thcq-0-0">

▋ Crazy member: selling factories and buying coins

There are also people who have stopped doing business and sold their factories to buy coins, and by the way, they continue to advertise GEC in their circle of friends to attract people:

ntenteditable="false" data-block ="true" data-editor="ie7b" data-offset-key="agqgj-0-0">

ntenteditable="false" data-block="true" data-editor=" ie7b" data-offset-key="4b10j-0-0">

Do you think they are crazy?

Their friends and relatives feel the same way:

ntenteditable="false" data-block="true" data-editor="ie7b" data-offset-key=" 8eoqv-0-0">

There are also mothers who were cut off from their mother-daughter relationship by engaging in GEC:

ntenteditable="false" data-block="true" data- editor="ie7b" data-offset-key="bclfi-0-0">

Someone's relatives said that "even if they are punished by death":

ntenteditable=" false" data-block="true" data-editor="ie7b" data-offset-key="o3bn-0-0">

Someone’s relatives have already sold their house for this:

ntenteditable="false" data-block="true" data-editor="ie7b" data-offset-key=" ce2qc-0-0">

The three projects have reduced their expenditures and introduced various strict rules:

GEC environmental coins have the strictest account ban regulations in history:

ntenteditable="false" data-block="true" data-editor="ie7b" data-offset-key="3bbj-0-0">

It’s okay if you don’t log in for 30 days Your account will be blocked...

Once your account is blocked, all the assets inside will be frozen and cannot be withdrawn!

Does it sound unheard of or unreasonable?

Some people joke that you spend dozens of dollars to buy Bitcoin and don’t look at it for N years, and then you find yourself a multi-millionaire. And if you spend tens of millions to buy GEC environmental coins and they are not online for 30 days, they will be cleared! Ha ha ha ha. How true.

Fourth, the player is very humble and can only ask for unblocking:

ntenteditable="false" data-block="true" data-editor="ie7b" data-offset- key="ak5iq-0-0">

Various methods restrict users from selling coins, and project parties manipulate prices to attract new people.
​The above points are the reasons why environmental coins can live for 3 years. The most frightening thing is that they actually go deep into the seventh and eighth tier small cities and rural areas, deceiving the elderly, selling houses, taking out coffin books, and even paying students' tuition fees! It’s really heartless!

If you can be more down-to-earth and think about it, so many people are making money in environmental coins, where does the money come from? What services does environmental currency provide? Just investing money without a complete business activity is gambling.

If one day Huanhe coin collapses, these crazy people will become pitiful people, and this is the hateful thing about these pitiful people.
​

C. What role will blockchain play in the real economy

Blockchain technology is known as one of the disruptive technologies of the era and is expected to promote the entire real economy. , framework, efficiency and model changes. Blockchain technology under such a halo has been given high hopes and is also on the sword of public opinion. No matter what application of blockchain technology is discovered, it will always attract widespread attention from all walks of life.

Looking at blockchain from a peaceful perspective, it is nothing more than a technology, not mysterious or mysterious. Technology itself is not guilty. The advent of a great era will always be accompanied by corresponding bubbles. Only by combining blockchain technology with industry implementation scenarios can its potential value be reflected, and the compatibility with the real economy industry is what determines the future of blockchain. key factor for prospects.

As far as the current situation is concerned, most of the application scenarios of blockchain technology are still in the context of concepts. Even the financial industry can only apply it to the development of blockchain technology in a small part. To achieve complete integration To the extent that it is necessary to effectively change industry rules, reduce industry costs, improve industry efficiency, and improve the investment environment, the value of technological innovation can be fully reflected. The future form will definitely be that blockchain technology is highly empowered in real economic industries, forming the first batch of "blockchain industrial zones" with practical significance, and moving towards the trend of blockchain technology application.

In this way, how does blockchain empower the real economy?

First, blockchain will play the role of “reducing costs for the real economy”. At present, the real economy has high costs and thin profits, resulting in insufficient capital support for the real economy. Among operating costs, management costs and financial costs account for a large proportion. Blockchain technology can effectively help enterprises reduce the costs of these two parts.

Secondly, blockchain will play a role in “improving the collaborative efficiency of the industrial chain.” Improving industrial synergy is an important way to promote China's manufacturing to the mid-to-high end. However, in many industries, the efficiency of industrial chain synergy is still not high, and this problem is particularly prominent in the field of international trade.

Thirdly, blockchain will play the role of “building an honest industrial environment”. At present, the construction of my country's social credit system is accelerating, but in some cases, the process of establishing trust among partners is still slow, it is difficult to obtain various types of credit information, and it is difficult for small, medium and micro enterprises to obtain credit loans from financial institutions. Through "transaction on-chain", all parties can more easily query the accurate historical credit status of counterparties, and can establish cooperation mechanisms more quickly; banks can also more safely grant credit to enterprises based on transaction records, and promote the solution of the problem of honest management. Small, medium and micro enterprises face problems such as “difficulty in financing, expensive financing, and slow financing”.

In addition, blockchain can use smart contracts to avoid breach of contract and fraud to a large extent, and can also be combined with blockchain asset wallets for efficient and convenient payment scenario applications. As early as in the blockchain circle, there have been many innovation forums and industry summits aimed at the direction of blockchain empowering the real economy, combined with the currentLocal economic industries are optimized for implementation. For example, the World Blockchain Conference-Macau Station plans to deeply integrate with the local economic industries and use the payment method of Magic Chain Wallet to apply and popularize blockchain assets.

It is reported that blockchain industrial zones around the world have also been promoted to varying degrees. For example, Denmark, the Netherlands, Norway and European developed countries have combined blockchain technology with the Internet of Things for traceability of ship cargoes. In transportation, Chile, Argentina and other South American countries have also empowered blockchain technology in energy development and reserve assessment, while Japan, South Korea, Singapore, etc. have entered the cultural copyright market from the perspective of blockchain assets to improve the efficiency of rights protection and improve content. economic conditions for output.

D. Bull market in the currency circle: Some people make profits of over 100 million, while others leave the market in disappointment | Extraordinary "epidemic" year

Editor's note

In the online world , we laugh at ourselves as workers. We have no names, only symbols.

But in the real world, we are riders, teachers, flight attendants, screenwriters, financiers, tourists...

In the past 2020, we were just a drop in the sea of ​​all living beings, and we were also the common people. The oneness of breathing.

When ordinary life comes and encounters an extraordinary "epidemic" year, we are worried and confused together, but also moved and looking forward to it.

During the Spring Festival of the Year of the Ox, China Business Network specially launched the special topic "Extraordinary 'Epidemic' Year". These seemingly ordinary human journeys reflect the extraordinary changes of the "epidemic" year, and also describe the endless soul of craftsmen.

If every day without dancing is a failure of life, then every ordinary and extraordinary person among us is making life more passionate.

Text/Xun Shilin

The past 2020 will definitely leave a mark in history.

Since mid-January, the black swan of the new coronavirus epidemic has spread around the world. In this era of globalized capital flows, one issue that everyone is worried about, whether individuals or institutions, whether poor or rich, is what to do with their wealth.

Panic became the norm. On February 3, the first day the A-share market opened in the Year of the Rat, the Shanghai Stock Exchange Index fell 8.73%, and more than 2,900 stocks in the two cities fell by the limit at the beginning of the session. The same is true for overseas markets. In March, US stocks experienced circuit breakers four times in 10 days, and the US Congress even passed the largest economic stimulus plan in US history of US$2.3 trillion.

On the contrary, digital currency has experienced a year of headwinds. From the big rise at the beginning of the year to the March 12 tragedy, Bitcoin once fell to a price of less than $4,000. Over time, it recovered and re-entered the upward trend, entering the first year of DeFi. At the end of the year, Bitcoin ushered in a big explosion. By the beginning of 2021, the price reached US$40,000, pushing the currency circle further. It seems that even the old leeks began to shout that the bull market has arrived.

So, in 2020, coinsIs it really profitable to surround people?

Trader born in 1998: Trading profit of over 100 million

"I would like to introduce you to a great guy, born in 1998." A senior currency practitioner This is the introduction to the author.

His name is Qingtian (pseudonym). He was born in 1998. He is 22 years old and has graduated from high school. For Qingtian, 2020 is a year of reorganization and a comeback. Three years after bidding farewell to the currency circle, he returned to the currency circle and reappeared on the trading platform of the crypto asset market.

As lucky as he was, he happened to catch up with the bull market. This year, Qingtian made a profit of more than 100 million yuan from trading in the crypto asset futures market. "Although my assets are only more than 10 million yuan, for me, it can be regarded as realizing the value of being a trader."

But now he has severe insomnia and only does Sleeping four or five hours is very stressful. "You see, now we basically chat in the evening." At only 22 years old, he is more cautious and mature. "Although I had about 30 million yuan in assets at the time, I was very cautious in my operations this year because of previous failures."

Qingtian recalled the joys and sorrows of just entering the currency circle. years.

In 2017, he just turned from the stock market to the crypto asset market. At the end of 2016, digital currencies such as Bitcoin began to enter the public eye.

2017 can also be called the first round of bull market in the confidential asset market. However, unfortunately, it began to stagnate in the second half of 2018, and then another round of bull market occurred at the end of 2020, which happened to be a cycle on a sunny day.

"At the beginning of 2018, a lot of big things happened in the currency market, and the market was also crazy. I made my first million in my life."

Unfortunately, in 2018 In February of that year, Qingtian believed his friend's words and thought that Bitcoin would plummet, so he tried to go short, but his position was liquidated. In five or six days, Qingtian lost 20 to 30 million yuan.

The maximum profit from short selling is only 100%, but there is no upper limit for losses. In 2018, Qingtian not only suffered an investment failure, but was also deceived by his "partner", who simply took the money and ran away.

"That was when I was most broken down. I was bankrupt and even thought about committing suicide." Qingtian said.

But Qingtian did not give up. He kept reviewing his past experiences and opened Weibo to talk about his experiences. "One day, someone was suddenly willing to give me start-up capital. That was a turning point in my mentality."

Qingtian started to form his own paid group because a big investor in the group gave some good investment advice. "He gave me one Bitcoin, plus the other income I earned, and I had a chance to make a comeback. With this one Bitcoin, I later doubled my fortune dozens of times."

Looking back Comeback in 2020In 2020, Qingtian said: "For me, 2020 is a year to prove myself, and it is also a magical year. Looking forward to 2021, I think there will still be some opportunities in the currency circle. After all, the Federal Reserve is still firing up the money printing press. Advice to people who are interested in the currency circle is that this market is full of risks and opportunities. Sometimes you think of heaven and hell."

New media people who sit and watch the ups and downs: the bull market makes no money

"Many things cannot be considered with hindsight from God's perspective. There are no what-ifs in this world. In 2018, everyone was very hesitant. At that time, many people even thought about whether this industry would disappear in the future. Similarly, The same is true for the bull market in 2020." Xiao Lizi (pseudonym) expressed his feelings about this year.

According to Xiao Lizi’s description, he also entered this circle in 2017. "I have been speculating on digital currencies for more than three years. I joined a blockchain company in December 2017 to take charge of the new media sector, and have been exposed to digital currencies since then."

Xiao Lizi also witnessed the popularity of the currency circle, Even crazy. “It started to get popular in 2017. At that time, ICO (initial coin offering) was very popular. To put it bluntly, traditional companies have to reach a certain scale before they can go public. However, in the currency circle, ICO only needs to have an idea and write a white paper. You can raise funds in the market."

"By 2018, the bear market will be a mess, and many projects will eventually return to zero."

Xiao Lizi said that in 2020, he Didn't make any money. “Maybe it’s also because I entered this industry in a bear market. I’ve never experienced a big bull market, and I’m relatively conservative in my thinking. When the big trend comes, I see it rising a little and think it can’t go up, and then I start to go short against the trend. The loss is very serious."

Xiao Lizi does not have many ideas about the trend of digital currencies in 2021. He just believes that the bull market will not end so soon, because in the past bull markets were driven by the main force of Bitcoin. "They are purely pursuing profits, and the cycle of opening positions, pulling orders, and shipping is like this."

When talking about whether digital currencies have collectible value, Xiao Lizi said: "I have no idea about digital currencies. I don’t have much belief in it. I regard it as a speculative product. But I keep some Bitcoins. No matter whether it goes up or down, I won’t sell them. I just treat them as a collection and leave them to my children in the future. Maybe they will be worth 100. It’s 10,000 yuan each.”

The unemployed who are determined to leave: Just missed the so-called “bull market”

“Hey, I ran away before the bull market. Now I think, maybe I have to Break your thigh."

For Xiaoxue (pseudonym), the currency world in 2020 is like a dream. She is 25 years old and originally worked in investment-related work in the primary market. "Later, my boss led me into the currency circle, and I felt that this thing was really magical."

Xiaoxue comes into contact with numbersCurrency was in 2018, when I joined a financial media company. "I'm afraid it's really hard to imagine how fanatical this circle was in the first half of 2018. When everyone in the circle talked about this matter, they would pretend to be X."

According to Xiaoxue According to the description, when she first joined the company, the company gave employees FT (digital currency) ICO quota, and she got a quota of 4,000 yuan.

She said: "What I didn't expect was that FT increased 100 times in two weeks, which was very crazy. But because the ICO quota was locked and required mining to unlock it every day, I didn't do it at that time. Not completely sold."

According to Xiaoxue's description, she had "lost her mind" because of the fierce rise at the time, and later invested in the new digital currency issued by Fcoin. "But basically no one accepted the new offer, hahahahaha, I lost money."

Xiaoxue did not give up the idea of ​​getting rich in the currency circle, and then bought Ether and Bitcoin intermittently. "But I couldn't see the hope of getting rich suddenly, especially when Bitcoin plummeted in the first half of last year, so I sold all my money and fled."

"However, what I didn't expect was that after the crash, A big bull market is coming. Maybe, without faith, you can’t make money in the cryptocurrency industry,” she said.

When talking about his views on digital currency in 2021, Xiaoxue felt that he might never return to this circle again. "I don't believe in Bitcoin anymore, and I don't believe in anything else. Maybe the future trend will be more volatile, and maybe it will rise, but I don't care anymore. I have decided to invest in the stock market!"

< p> A Kun (pseudonym), a senior practitioner in the currency circle, told the author that in fact, there are too many people with stories in the currency circle. "Every industry will have its losses and profits. You can't draw any conclusions just because of one or two bull markets and bear markets."

Time never stops for anything, and the story of the currency circle continues. , for Akun, although there are times of success and failure, the wave has not stopped. Digital currency is an opportunity in the eyes of money, and it is also the destiny that technology brings to mankind. His eyes are not only focused on 2021, which has already arrived.

A Kun said: "Digital currency is a major trend, just like the significance of the unified currency of the Qin Dynasty. Maybe one day in the future, the whole world will use the same digital currency (BTC), and it will circulate globally. Blockchain technology will also be the future of mankind, because I firmly believe that technology and technology are the ultimate secrets of the universe. To quote Musk, humans will walk out of the earth, settle on Mars, and use doge."

< p>E. "Riemann Hypothesis" has been confirmed, which nerve has touched the blockchain people?

If you want to search for the most popular words in 2018, "blockchain" will definitely be on the list. . Thanks to the famous Bitcoin, blockchain technology and related industries have suddenly become a new investment outlet. Internet giants such as BAT have successively released their respective blockchains.In the industrial layout white paper, financial giants such as JPMorgan Chase, Goldman Sachs Group, and Nasdaq have also expressed their enthusiasm for blockchain technology. Various blockchain projects are coming in droves, which is almost dizzying.

However, a few days ago, a report that the "Riemann Hypothesis" was confirmed broke out in the media. The famous British mathematician Michael Atiya claimed to have used a "simple" and "new" method The method proved the Riemann Hypothesis, and he presented his relevant proof at the 2018 Heidelberg Laureates Forum. In his lecture, this wise jazz gentleman gave a general direction for proving the "Riemann Hypothesis". It is expected that in the next few weeks or even months, many mathematicians around the world will work hard to prove in this direction to confirm Is Atiya's plan feasible? As soon as the news came out, it caused an uproar in the blockchain field. Some people in the industry even pointed out: "Once the Riemann Hypothesis is confirmed, it will affect the life and death of the blockchain."

One is one of the "seven major mathematical problems in the world" that has stumped the world for 159 years. One is a new investment trend based on technologies such as distributed data storage. If you want to know how the former controls the fate of the latter, it is necessary to first take a look at this "Li" that has caused generations of mathematical geniuses to rack their brains but dream about it. Mann guessed what it was.

The prototype of the protagonist in the Hollywood classic film "A Beautiful Mind" and Nobel Prize winner in economics John Nash had studied the Riemann Hypothesis in the mid-to-late 1950s, but not long after that Unfortunately, he suffers from schizophrenia. Many people believe that the painful process of studying the Riemann Hypothesis is the main cause of Nash's illness, and it is not mainly caused by the huge psychological pressure caused by participating in military work as is generally believed. This shows the breathtaking magic of the "Riemann Hypothesis".

The written explanation of the "Riemann Hypothesis" is difficult to understand. In fact, in layman's terms, Riemann believed that the distribution of prime numbers is not chaotic and traceless, but that the secret of its distribution is completely hidden. Within a special function - in particular, the series of special points that make that function take on the value of zero has a decisive influence on the detailed laws of the distribution of prime numbers. If this conjecture is confirmed, some encryption algorithms based on this will inevitably become useless.

So will blockchain technology really be ruthlessly slaughtered because of this?

More and more people already know that blockchain is a new application model that integrates distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies. As the underlying technology of Bitcoin, it is a series of data blocks generated using cryptographic methods. Each data block contains information about a Bitcoin network transaction, which is used to verify the validity of its information and generate the next block. piece. Not only Bitcoin, but the Tokens issued by current blockchain projects are also based on this principle. Bitcoin and blockchain tokens are called cryptocurrencies, and their security and encryptionThis is where sex is reflected.

One is based on encryption algorithms, and the other reveals encryption rules. It seems that blockchain technology will indeed be destroyed by the "Riemann Hypothesis" - in fact, this is not the case!

The encryption algorithm of blockchain technology is an asymmetric algorithm and a hash algorithm based on the discrete logarithm problem on the elliptic curve function. It has nothing to do with the prime number distribution function assumed by the "Riemann Hypothesis". For example, fuel vehicles and electric vehicles use two different power sources. The so-called statement that "the Riemann Hypothesis is confirmed will affect the life and death of the blockchain" is nothing more than an error caused by the fragile nerves of blockchain people.

However, it can also be seen from this that the emerging industry of blockchain is extremely fragile. A slight external disturbance can cause panic and uneasiness in the industry, and even the trembling of the wind and the panic of the grass and trees. Several cryptocurrency theft incidents in history have caused large-scale market declines. In fact, the theft incidents are not due to security vulnerabilities in the blockchain technology itself, but due to the systems and trading platforms of some project parties. Caused by system security vulnerabilities. Until breakthroughs are made in quantum technology, Bitcoin will remain one of the most difficult technologies on the planet to hack. However, due to the stabilizing pressure from the regulatory level and the lack of clarity and deliberate confusion in the media circle, and the fact that some blockchain projects are indeed confusing and have frequent loopholes, the general public is waiting and watching when facing blockchain technology and applications. It is not difficult to understand the questioning attitude and the fragile nerve that can be touched at any time.

It is conceivable that before blockchain technology can complete decentralization and achieve point-to-point trust, there will be a long way to go in how to make people trust the blockchain technology itself.

F. What is blockchain and what role does blockchain play

What is blockchain? What changes will it bring to your future life?

Blockchain is a new application model of computer technologies such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithms.

Blockchain is an important concept of Bitcoin. It is essentially a decentralized database. As the underlying technology of Bitcoin, it is a series of related cryptographic methods. Each data block contains a batch of Bitcoin network transaction information, which is used to verify the validity of the information (anti-counterfeiting) and generate the next block.

In the original English version of the Bitcoin white paper, the word blockchain does not actually appear, but chain of blocks is used. In the earliest Chinese translation of the Bitcoin white paper, chain of blocks was translated into blockchain. This is the earliest time when the Chinese word "blockchain" appeared.

National Internet InformationThe Information Office issued the "Blockchain Information Service Management Regulations" on January 10, 2019, which will come into effect on February 15, 2019.

In a narrow sense, blockchain is a chain data structure that combines data blocks in a sequential manner in chronological order, and is cryptographically guaranteed to be non-tamperable and non-tamperable. Unforgeable distributed ledger.

Broadly speaking, blockchain technology uses block chain data structures to verify and store data, uses distributed node consensus algorithms to generate and update data, and uses cryptography to ensure data transmission and Access security, a new distributed infrastructure and computing method that uses smart contracts composed of automated script codes to program and operate data.

In fact, to understand it very simply and vividly, we can imagine that everything in life is realized in digital form, including food, clothing, housing, transportation, medical treatment, education, etc., based on the Internet, it can be easily done at home Get it done, no matter where you go to do business or trade, you can completely operate it with your mobile phone. With the continuous development, everything we do can be easily completed online, such as volumetric work, production, planting, etc. Of course, the rise of 5g will bring about the end No one can accurately predict what it is now, but it will definitely bring about earth-shaking changes in life and social form!

Blockchain was born from Satoshi Nakamoto’s Bitcoin. Since 2009, various Bitcoin-like digital currencies have appeared, all based on public blockchains.

The current situation of digital currencies is that a hundred flowers are blooming. Here are some common ones: bitcoin, litecoin, dogecoin, OKcoinetc. In addition to currency applications, there are also various derivative applications, such as NXT, SIA, and BitShares. , MaidSafe, Ripple, Ethereum and many more.

On January 20, 2016, the People’s Bank of China Digital Currency Seminar announced that it had achieved phased results in digital currency research. The meeting affirmed the value of digital currency in reducing the issuance of traditional currency and stated that the central bank is exploring the issuance of digital currency.

Some areas where blockchain can be used can be:

▪ Smart contracts

▪ Securities trading

▪ E-commerce

▪ Internet of Things

▪ Social communication

▪ File storage

▪ Proof of existence

▪Identity verification

▪ Equity crowdfunding

The development of blockchain can be compared to the development of the Internet itself. In the future, something called finance-internet will be formed on the Internet. This thing is based on blockchain, and its precursor is bitcoin. That is, traditional finance starts from private chains and industry chains (local area network), and the bitcoin series starts from public chains (wide area network). They all express the same concept - digital assets ( DigitalAsset) and eventually converges to an intermediate equilibrium point.

The core advantages of the blockchain architecture include:

Any node can create a transaction, and after a period of confirmation, it can reasonably confirm whether the transaction is Effectively, blockchain can effectively prevent problems from happening on both sides. The cost of trying to rewrite or modify transaction records is very high. Blockchain implements two types of records: transactions and blocks. Transactions are the actual data stored on the blockchain, while blocks are records confirming when and in what order certain transactions became part of the blockchain database. Transactions are created by participants using the system in the normal course (in the case of cryptocurrencies, a transaction is created by Bob sending tokens to Alice), while blocks are created by what we call Units of miners are responsible for creation.

So in conclusion, this is undoubtedly a new technology that changes life. In the future, the production activities of the entire society will be carried out with blockchain as the underlying logic, and many things will be within our reach. , coupled with the integration of artificial intelligence and big data, we can easily handle things that seem to be cumbersome now, such as some securities market transactions and intelligent matching of financial management activities.

To put it simply, blockchain is a network computing center that integrates people, property, machines, and goods, and packages it into a whole; putting it on an infrastructure to run the network computing center .

Now the author’s imagination is not big enough to imagine what the future world will be like. I am looking forward to it!

I know a thing or two about this issue. Let’s get to know this mysterious thing - blockchain.

Blockchain is a new application model of computer technologies such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithms. Blockchain is an important concept of Bitcoin. It is essentially a decentralized database. As the underlying technology of Bitcoin, it is a series of data blocks generated using cryptographic methods. Each The data block contains information about a batch of Bitcoin network transactions, usingTo verify the validity of its information (anti-counterfeiting) and generate the next block

The more popular it is, the more fake it is to preserve the truth. First of all, we must first figure out what the real blockchain technology is.

As an example, take buying fruits online.

The process of purchasing fruits online is as follows:

Using blockchain technology and decentralization, the process of purchasing fruits is as follows:

Summary:

1. We found that the original transaction process is: buyers and sellers make transactions, and all key processes are dealing with the payment platform. The advantage of this is that if there is a problem in any link, both sellers and buyers can seek help through the platform and let the platform arbitrate. However, a major bug or hacker attack occurs on the platform, resulting in the loss of all transfer records within a period of time. How to deal with the loss is a troublesome matter.

2. The transaction process using blockchain technology is: everyone’s ledger has exactly the same transaction record. Even if Alipay’s ledger server is broken, the seller’s ledger still exists, and the buyer’s ledger still exists. Still exists. Once this transaction occurs, the traces will never be erased.

This is the core of the blockchain, which is the four words "accounting + accounting".

The development and maturity of blockchain technology cannot be separated from the foundation and foreshadowing of the above new generation of Internet technology. Blockchain is not only a technology, but also provides a service model and solution. , which has played an extremely important role in promoting the further development of the Internet industry.

1. Blockchain + Finance

2. Blockchain + Supply Chain Management

3. Blockchain + Intelligent Manufacturing

4. Blockchain + Public Services

5. Blockchain + Education and Employment

6. Blockchain + Culture and Entertainment

7. Blockchain + payment

8. Blockchain + invoice {Already enabled in Shenzhen}

Traceability and non-tamperability of blockchain , perfectly combined with the inherent nature and needs of the financial industry, which makes the application of blockchain in the field of financial services the most in-depth and relatively mature field so far. Blockchain technology has broad application prospects. The future technological competition will also be a blockchain competition.

It is important to understand blockchain, which is important to see through various pseudo-blockchain scams.

If someone uses a bunch of professional terms to explain blockchain, it will be difficult for you to understand, and they may not really understand it themselves.

Therefore, we first establish a psychological line of defense. Anyone who sells you concepts and uses a lot of unfamiliar technical terms may be a liar. Be very careful!

To understand blockchain, you must know what the core appeal of blockchain is. What do you think you are most worried about in today's highly developed Internet world?

Privacy, yes, privacy. How to protect privacy? You may be monitored at any time, and any of your personal information may be stolen at any time. If personal privacy is not absolutely protected, the Internet will become another pyramid of power. Who is standing on top of the pyramid? He is the smartest technical master, a platform provider, and an information regulator. You and I may be the people at the bottom of this pyramid.

The people who originally invented the blockchain had serious concerns about being completely swallowed up by the Internet, and tried to create an absolutely safe encryption technology to lock up personal privacy. This technology completely subverts traditional encryption technology. In fact, rather than locking up privacy, it is better to tear it into pieces and then distribute the pieces to different people for private keeping. Unless everyone agrees to take the pieces and piece together the complete code, the truth cannot be recreated. This is the first mechanism of blockchain, which is decentralization.

But decentralization alone is not enough. It is also necessary to make those who steal password fragments have nowhere to hide, so that every action of the thief can be recorded indelibly and posted everywhere on the Internet. Diffuse and make it public. This is the second mechanism of the blockchain, the non-anonymous mechanism. Do you think, who snoops into privacy is not sneaky?

In summary, the blockchain is to hide privacy in a decentralized manner, record any actions that reproduce this privacy, and make it public. Seeing this, you may want to applaud the blockchain. Don't worry, how can there be such a good thing in the world? Is there any utopia that is absolutely safe? If blockchain can be realized in an absolute sense, will the existence of the government still be meaningful? Yes, blockchain was originally the embodiment of anarchy. Its ultimate meaning is destined to never be realized. Its survival may have to rely on power, and it is destined to become another beautifully packaged lie and a pretense to deceive others. In this sense, the government must also specify a framework for the development of the blockchain, reconstruct the value of the blockchain, and expel the anti-government and anti-national attempts contained in the blockchain. Some blockchain technologies can be used in concrete applications, but decentralization must not be promoted. In short, we must remain highly vigilant about blockchain. Beauty often hides its sting. Absolutely ideal recipes often turn out to be poison. The person who says he can absolutely protect your privacy and financial security is the real voyeur and vampire.

Perhaps the best way for us to protect privacy is not to have any privacy, to live completely openly, or to live like a sun or a god of wine.

Viewpoint: 1. The concept of blockchain originated from the technical attributes of Bitcoin (distributed data storage and accounting, decentralization, inability to tamper with transaction records, point-to-point information transmission, sharing mechanism...), but later some people continued to extend the concept and expand to many commercial fields to facilitate capital speculation. 2. Blockchain in reality (the current blockchain on the market is very confusing), the concept of hype is mostly used to make money in the stock market, and there are also a lack of regulatory loopholes, legal and regulatory issues, etc. There is even money laundering (the actual operation of blockchain products is one thing, and the capital operation behind it is another). At present, the computer systems around the world cannot meet the technical requirements of blockchain attributes (such as distributed Data storage and accounting, decentralization...), network bandwidth, storage technology and computer computing system cannot meet the transaction operation requirements (it is easy to use computer technology to make your network blocked or unable to complete distributed data storage or transactions at any time Risks arising from practical applications such as interruption or delay. In addition, as far as the current global computer system is concerned, it is easy to crack the underlying program of the blockchain (this is a fatal flaw in the current global computers, 0 and 1 binary logic, and if the inverse zone is used The blockchain mode operation algorithm is very easy to crack the blockchain. This inverse operation mode can also completely tamper with all transaction records. If a true quantum computer becomes available in the future, it can directly break all blockchain computer systems in seconds, and Bitcoin mining It is a Ponzi scheme. 3. Most of the blockchains currently on the global market are basically capital speculation concepts to make money.

Blockchain has been mentioned for several years. I heard a district at the beginning of last year. The blockchain boss said that 2018 was the best year for the development of the blockchain. After this year, foreign development fell behind. What is the blockchain? In terms of impact, it is like pig intestines, one section at a time. Connect them together. Blockchain is to connect these blocks together and fix them, using computer and Internet encryption technology to prevent secrets from being leaked to the outside world. This technology cannot be explained to non-professionals through professional terms. Under normal circumstances, I don’t understand. I can only explain it with an analogy. Let me give you two examples:

1. Four people, A, B, C, and D, play mahjong in a mahjong parlor for money. They use chips for each game and settle the bill at once when they break up. , A lost 1,500 yuan, B lost 300 yuan, C won 200, and D won 1,600. As a result, A only had 1,000 yuan, and everyone else sorted it out, but A still owed D 400 yuan. In this matter, only These four people all know that these four people are in the same block. There is no proof for what they say, and they will not write an IOU for this kind of thing. What will happen if A does not pay back the money in the future? Except for A, B, C and D, no one else is present. You know, if A wants to default on his debt and says he doesn’t owe any money at all, only three people, B, B, and D, know that A is defaulting on his debt, and it’s hard for others to judge whether A owes money and refuses to pay it back. Therefore, the value of blockchain needs to expand the scope of participation. If this When 4 people were playing mahjong, there were a dozen friends watching? The cost of defaulting on the loan was high, right? This is a block of real life. What about extending to the Internet? Then there are endless possibilities.There are more scenes.

2. If four people, A, B, C and D, do business in a business group of 500 people, this group of 500 people is a big block. Once, A asked B for 10,000 yuan of goods, but did not pay B in time. A said at that time that he would pay B within 3 days. Everyone in the group knows this. If A fails to send money to B within 3 days, then the other 498 business partners in the group will know about it. If A defaults on the debt, his reputation in this business circle will be ruined. affected. This is a block.

Later, A wanted to do business with C. C asked A for goods. A said that you should pay a deposit of 5,000 yuan and the goods will be shipped immediately. C paid 5,000 yuan to A, but A was delayed. Not shipping, everyone in the group knows this, this is another block. When the two blocks are connected, everyone doubts A's credibility. How many times have you done this? Will Mr. A continue to play in the future? This is the value of blockchain.

Blockchain may seem complicated, but it is not complicated at all; it may seem simple, but it is actually very difficult to operate. The blocks are too small and meaningless. If a block wants to grow bigger, privacy and business secrets will be involved. For example, it is inconvenient to talk about falling in love in a large group; for example, it is inconvenient to discuss it publicly in the group (block) beforehand when working together to do big business. However, there are still occasions when blockchain technology is used, such as poverty alleviation work, disaster relief fund management, etc. It is exposed to the sun and everyone knows it and supervises each other. I’ve given these two examples. Do you understand them at all?

[The most core and easy-to-understand introduction to blockchain]

1. How does blockchain create trust? We use "1", "2", and "3" to summarize the characteristics of the blockchain:

- "1" summarizes the blockchain: a trusted distributed database;
>
- "2" core properties: distributed, non-tamperable;

- "3" key mechanisms: cryptography principles, data storage structure, consensus mechanism.

The "distributed" and "non-tamperable" properties ensure the "honesty" and "transparency" of the blockchain, which is the basis for the blockchain to create trust.

2. In terms of industry, it is expected that the financial industry will be dominated by the financial industry in the next 3-5 years, gradually radiating to other real industries, more realistic scenarios will be accelerated, and the industry will develop from "1 to N" to Including entertainment, product traceability, credit reporting, etc.

In the future, in addition to using technologies such as side chains, lightning networks, and cross-chains, blockchain will also need to be deeply integrated with emerging information technologies such as 5G, artificial intelligence, big data, and the Internet of Things to enhance the Technical performance and off-chain data quality and reduce resource waste.

3. Smart contracts may be the most revolutionary thing on the blockchainsexual application. If smart contracts are widely used on the blockchain, the economic division of labor will be further refined in the Internet era. Network nodes around the world will directly connect demand and production, and broader social collaboration will be realized.

If the above vision is realized, the combination of blockchain technology and industry is expected to usher in an explosive moment "from 1 to N". Its explosion may not be linear but non-linear. Blockchain Only then can the chain be upgraded from a "trust machine" to an important "engine" leading the industry wave.

Decentralization. Prevent cheating. It used to be that one person kept accounts and could make changes. Now there are 50 people. Each person records an entry and everyone has a record in the account book. Can you make changes to all 50? All 50 ledgers are valid unless they are all changed. So it's very useful.

I saw many people answering that ordinary people cannot understand intuitively. Let me explain simply and clearly, blockchain is decentralized. When something happens, everyone writes it down and has their own password, which cannot be tampered with.

Even if a hacker wants to change it, he has to do it one by one, which will tire him out. In fact, it is impossible, at least for now.

Blockchain is a new application model of computer technologies such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithms.

Blockchain originated from Bitcoin and is an important concept of Bitcoin. It is essentially a decentralized database. As the underlying technology of Bitcoin, it is a series of cryptographic methods. The associated data blocks are generated. Each data block contains a batch of Bitcoin network transaction information, which is used to verify the validity of its information and generate the next block.

Blockchain has potentially huge application value in financial fields such as international exchange, letters of credit, equity registration and stock exchanges. The application of blockchain technology in the financial industry can eliminate the need for third-party intermediaries and achieve direct point-to-point connection, thereby greatly reducing costs and quickly completing transaction payments.

After reading so many expert advices, I am still confused. I only remember that someone used this so-called "blockchain" to do pyramid schemes in the past...

G. How blockchain makes money

Shared from DistrictTV.com: DistrictTV.

How does blockchain make money:

1. Build a blockchain Ecosystem

Why are start-ups investing in public blockchain projects? Because this is a great opportunity. Any enterprise has the opportunity to use its own ideas and operations to create an ecosystem that subverts the existing structure. In this system, the currency designated by the owner of the ecosystem will be circulated.

Since start-ups themselves hold a certain amount of currency and reserve a part of the currency for enterprises to mine and the total amount of currency is fixed, the faster the ecosystem flows, the greater the demand for currency.With more transactions chasing less currency, the currency will inevitably appreciate, but this idea is based on the fact that the currency is irreplaceable.

Many research groups are now developing cross-chain technology to connect blockchains in different fields, ultimately achieving the free circulation of currency and data flows, and ultimately to exchanges.

In this case, the impact of a certain chain’s currency shortage on the ecosystem may not be as simple as classical monetary theory introduces, and currency prices may not follow a simple supply and demand relationship. Designers need to consider this issue from a macroeconomic perspective.

This is also the most attractive part of the blockchain project: everyone has the possibility to establish new rules in this new field and become the manager of the centralized system. By then, the owners of the blockchain will have the ability to control the economy of the entire field - selling or sucking up digital currencies will have a huge impact on the industry.

2. Providing services to enterprises

Providing services to enterprises is the main profit model of blockchain projects at this stage. Cloud storage security doubters are likely to turn to traceability and non-tampering. Blockchain service provider seeking maximum data security.

For example, a blockchain startup that operates a data sharing platform, its main business includes providing data storage and data transaction services to customers, thereby collecting service fees and handling fees.

There are many domestic start-up companies operating this type of business, such as Yunchao Zhilian, Border Intelligence, Molink Technology, etc. Each company has excellent technology, but to be profitable, it may have to work hard on operations.

Now, Tencent Cloud’s TBaas has joined this field and can provide services covering finance, supply chain, Internet of Things, medical and other fields. It is believed that the competition and expansion of customers will become more difficult in the future.

3. Smart contracts participate in profit production

A smart contract is like a contract that can be executed automatically. Machines replace people to judge the validity of the contract and enforce it. Its essence is still a piece of code, but the traceability and non-tampering characteristics of the blockchain can ensure that this code runs automatically under a non-trust mechanism. Blockchain is a prerequisite for the operation of smart contracts.

In actual situations, the opportunities for profit creation through smart contracts are very wide, and smart contracts can solve these problems in a non-black box way.

During the running of the program, the smart contract performs operations such as auditing and classifying information, eliminating the interference of middlemen, and the records will not be artificially damaged, nor will it take too long to cause file corruption. The font is blurry.

But to a certain extent, the operator of the smart contract has become an intermediary, automatically collecting and paying audit fees through the smart contract. This special intermediary service saves customers a lot of costs, which is essentially achieved by improving efficiency.

4. Special services drive system operation

Many companies have their own exclusive areas when building blockchain communities. by inheritanceTake the Nebula Genomics project led by scientist Church as an example. After enjoying the gene sequencing services provided by Nebula, consumers cannot pay in legal currency, but must exchange legal currency into Token issued by Nebula.

As more people exchange legal currency for this kind of Token, Nebula has successfully created a blockchain platform with genetic data as the core. After that, it will better carry out precision medicine. Serve.

In general, this model is based on actual technology, making money from offline services at the beginning of the project, and converting the legal currency in the income into Tokens during the profit-making process. As the project progresses, the platform will be able to use the data obtained from the start-up model to carry out more precision medical services, and its profit methods will also become diversified, but the entire process will not be separated from the entity.

In the entire business operation process, the role of Token is mainly to motivate, and token appreciation is not an issue that geneticists should consider.

5. Mixed reputation and reputation - project 1CO

The original purpose of 1CO was to crowdfund in the market through pre-sale services. In 2013, early ICO companies appeared in the financial field, and then quickly detonated the entire digital currency market, and a wave of speculation began.

But this storm came and went quickly. Between 2013 and 2014 alone, many projects died in the hype, or were directly judged as scams.

According to Engadget data, in 2017, 45.6% of 902 digital currencies based on crowdfunding have failed.

Even so, there are still many survivors. These companies (including companies that build ecosystems) attach great importance to the role of Token, and token appreciation will be used as part of the profit calculation to calculate the valuation.

This is not a blank slate. It is essentially similar to a company running financial assets (Tokens) and operating assets (services) at the same time, managing operating assets to make financial assets profitable. However, if the proportion of "financial assets" is too large, risks will arise uninvited.

6. The influx of giants

The basis of the sharing economy is to maximize the utilization of resources by monitoring available resources and corresponding needs in real time and making adjustments. For unicorns like Airbnb, they already have a mature management model and stable cash flow. They try blockchain because blockchain technology can bring a more transparent, efficient, and fair system.

This type of enterprise generally uses private chain or alliance chain to use blockchain. They do not need Token to participate in circulation, and the nodes do not exist in an anonymous form. What they are interested in is the blockchain technology itself. .

With the support of blockchain technology, manual input of government-issued ID information will be transformed into secure storage and verification of government-issued IDs. Customers and hosts can fully rely on review content. At the same time, comments can be traced to avoid deletion of negative comments and the involvement of trolls.possibility.

The profit models of Airbnb and Tencent

H. What is blockchain and what role does blockchain play

It is important to understand blockchain. It is important to see through various fake block chain scams.

If someone uses a bunch of professional terms to explain blockchain, it will be difficult for you to understand, and they may not really understand it themselves.

So, we first establish a psychological line of defense. Anyone who sells you concepts and uses a lot of unfamiliar technical terms may be a liar. Be very careful!

To understand blockchain, you must know what the core appeal of blockchain is. What do you think you are most worried about in today's highly developed Internet world?

Privacy, yes, privacy. How to protect privacy? You may be monitored at any time, and any of your personal information may be stolen at any time. If personal privacy is not absolutely protected, the Internet will become another pyramid of power. Who is standing on top of the pyramid? He is the smartest technical master, a platform provider, and an information regulator. You and I may be the people at the bottom of this pyramid.

The people who originally invented the blockchain had serious concerns about being completely swallowed up by the Internet, and tried to create an absolutely safe encryption technology to lock up personal privacy. This technology completely subverts traditional encryption technology. In fact, rather than locking up privacy, it is better to tear it into pieces and then distribute the pieces to different people for private keeping. Unless everyone agrees to take out the pieces and spell out the complete code, the truth cannot be revealed. This is the first mechanism of blockchain, which is decentralization.

But decentralization alone is not enough. Those who steal password fragments must also be given nowhere to hide, so that every action of the thief is recorded indelibly and spread everywhere on the Internet. , made public. This is the second mechanism of the blockchain, the non-anonymous mechanism. Do you think, who snoops into privacy is not sneaky?

To sum up, the blockchain is to hide privacy in a decentralized manner, record any actions that reproduce this privacy, and make it public. Seeing this, you may want to applaud the blockchain. Don't worry, how can there be such a good thing in the world? Is there any utopia that is absolutely safe? If blockchain can be realized in an absolute sense, will the existence of the government still be meaningful? Yes, blockchain was originally the embodiment of anarchy. Its ultimate meaning is destined to never be realized. Its survival may have to rely on power, and it is destined to become another beautifully packaged lie and a pretense to deceive others. In this sense, the government must also specify a framework for the development of the blockchain, reconstruct the value of the blockchain, and expel the anti-government and anti-national attempts contained in the blockchain. Some blockchain technologies can be used in concrete applications, but decentralization must not be promoted. In short, we must remain highly vigilant about blockchain. Beauty often hides its sting. Absolutely ideal recipes often turn out to be poison. The person who says he can absolutely protect your privacy and financial security is the real oneof voyeurs and vampires.

The best way to protect our privacy is to not have any privacy and live a completely open life, either like a sun or like a god of wine.

I. What are the risks of virtual currency

Model risk

Virtual currency is not a real currency. There is no central bank behind the scenes to control the total amount and macro-control. Whether it is valuable or not depends entirely on its supply. For example, according to Satoshi Nakamoto’s algorithm, the final supply of Bitcoin is 21 million and will not increase. However, if its model is found to be flawed, resulting in a massive increase in money supply, the current trading platform and investors will lose their money.

Many algorithm enthusiasts have conducted repeated deductions and have not found any model flaws so far.

Risk likelihood: 1

Risk impact level: 5

Market depth risk

Current value of virtual currency The chain is mainly composed of miners and traders. The currency supply is small and there are few market participants. Compared with other mature markets, Bitcoin transactions are inactive and susceptible to sudden rises and falls due to the influence of large capital inflows and outflows. In addition, market depth risk will also derive market manipulation risk and liquidity risk.

Platform risk

Many current virtual currency platforms basically require funds to be deposited into the platform for buying or selling. In order to attract investors to join, some platforms often provide preferential conditions with free handling fees. However, some free platforms carry greater risks. For example, in October 2013, a Bitcoin trading platform registered in Hong Kong suddenly ran away on the grounds of being "hacked" and all its executives disappeared. It was later estimated that approximately 30 million yuan was taken away from this incident.

Response
Strategies: 1. Investors should investigate and screen the platform after determining whether to invest in virtual currency and which virtual currency to invest in, and do not be influenced by the level of handling fees. To avoid the impact of small profits, choose a platform with strength and reputation for trading; 2. Investors should pay attention to various news about the platform they invest in, and observe changes in its reputation; 3. Regulatory agencies should Bring virtual currency trading platforms into the scope of supervision and require them to pay reserves and margins to prevent such moral hazards.

Risk possibility: 1

Risk impact degree: 4

Circulation risk

One of the fundamental functions of currency
First, it can be continuously used as a means of purchase to realize the price of commodities in the circulation process of commodities. So far, only a very small number of merchants accept virtual currency as a means of payment. It can be said that a considerable part of the participants who are currently investing in virtual currency are aiming to gain price differences, while only a small part are aiming to store it in advance as a future currency.

Coping strategies: the current situation of virtual currencyParticipants should actively recommend this category to the government and the public, and increase the number of merchants in the market who are willing to accept virtual currencies as a means of payment.

Risk possibility: 4

Risk impact degree: 3

Legal entity risk

December 5, 2013
On the same day, the People's Bank of China, together with the Ministry of Industry and Information Technology, the China Banking Regulatory Commission, the China Securities Regulatory Commission and the China Insurance Regulatory Commission, issued the "Notice on Preventing Bitcoin Risks", which claimed that Bitcoin should be a specific virtual commodity in terms of its nature. It does not have the same legal status as currency and cannot and should not be used as currency in the market. Notice No. 21 of 2014 issued by the US Internal Revenue Service states that Bitcoin and other virtual currencies will be treated as property rather than
as a currency. All in all, there is still a long way to go before the legal subject status of virtual currency is established.

Coping strategy: Existing participants in virtual currency should actively exert influence on the government and regulatory authorities to establish the legal subject status of virtual currency as soon as possible.

Risk possibility: 5

Risk impact level: 3