日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Make me your Homepage
left corner left corner
China Daily Website

Beware of the baneful Bitcoin bug

Updated: 2013-11-29 07:02
By John Coulter ( China Daily)

Some people have been bitten by the Bitcoin bug, bidding up its value to above $1,000 for just one invisible "coin". Others have been bitten by scams, losing real money they paid only to be "hacked".

The digital currency seems mysterious to a newcomer and yet most impressive when a serious business dinner ends with payment to the waiter with a casual brush of a smart phone. The former tradition of a comical pretense of who pays the bill, with grabbing of wrists and fumbling for cash or card, has given way to an aura of awe as a new avant-garde era makes being generous look cool.

Beware of the baneful Bitcoin bug

China now transacts half of the global Bitcoin volume and is a leader in pushing up the exchange rate. A schoolteacher cum computer geek named Li Xiao who signed up at the outset five years ago now has Bitcoins worth millions of US dollars. It's time for those not in the know to understand this new phenomenon.

Barter trading began with cavemen. "Money" allows flexibility, tokens, metals and paper. The global financial crisis of 2008 is said to have been "resolved" not with the physical printing of more currency notes, as depicted in news stories, but simply through computer clicks, now ratcheting up $85 billion a month out of the US Federal Reserve.

It is no coincidence that small groups of computer geeks found 2008 the right time to introduce a virtual currency. Bitcoins are not backed by any asset and exist only in the networks of computers. They are dependent on "believers" prepared to pay conventional currency so that they can transact across borders and without any government regulation.

Like the rise of the stock market in Europe centuries ago, the first traders knew and respected each other. The camaraderie was not, as in Britain, from an "Old Boy" network of elite schools, but through exchange and development of cipher-technology, evolving into software language that was meant to guarantee security.

Ironically, but perhaps not surprisingly, though, individuals were proud of their independence and freedom. "Cyphering" was standardized through involvement and imprimatur of the US National Security Agency. The concept of secure exchange had been around for 20 years but the global financial crisis and the exposure of the weakness and further weakening of the dollar encouraged the launch of Bitcoin among cypher experts. Like the British Old Boys of the past, "shares" were traded only among those known, trusted and respected. Despite being strung around the world and possibly never meeting, their interaction on their core interests verified commitment.

Previous Page 1 2 Next Page

 
 
...
主站蜘蛛池模板: 久久国产综合 | 免费看黄色三级三级 | 欧美视频www | 国产伦精品一区二区三区视频黑人 | 欧美日色| 亚洲永久免费视频 | 成人精品一区二区三区中文字幕 | 色8久久| 一本色道综合久久欧美日韩精品 | 精品视频一区二区三区 | 男女瑟瑟| 日韩精品片 | 97久久精品视频 | 手机看日韩 | 国产网红在线观看 | 69老司机| 天天操天天操天天操天天操 | 日韩中文字幕视频在线观看 | av亚洲精品 | 99热这里只有精品5 www.四虎com | 亚洲一区二区在线播放 | 四虎884aa成人精品 | 日本在线视频一区 | 日韩精品无码一区二区三区 | 国产伦精品一区二区免费 | 欧美日在线观看 | 在线观看亚洲网站 | 欧美精品久久久久久久久久 | 亚洲第一成人av | 亚洲成人激情视频 | 五月在线视频 | 久久精品波多野结衣 | 天天爱天天色 | 一区福利视频 | 天堂va在线 | 亚洲蜜臀av | 午夜精品一区二区三区在线播放 | 中文字幕视频一区 | 少妇视频一区二区 | 神马久久av | 国产一区成人 |