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: 九九av在线| 亚洲免费二区 | 国产高清视频在线播放 | 一级片一级片一级片 | 午夜影视av | 麻豆精品一区二区 | www爱爱| 欧美一区二区三区久久久 | 韩国久久 | 欧美性猛交xxxx黑人猛交 | 日韩 欧美 中文 | 亚洲黄色三级 | 麻豆久久久久久久 | 麻豆网站在线观看 | 在线观看无遮挡 | 三级天堂 | 毛片毛片女人毛片毛片 | 毛片网站在线免费观看 | 蜜桃av成人永久免费 | 成人免费视频国产免费网站 | 日韩三区四区 | 一二三区在线观看 | 久久综合中文字幕 | 日本少妇网站 | 亚洲不卡一| 国产91国语对白在线 | 日本免费网站视频 | 91影音 | 一区二区三区四区免费观看 | 亚洲男人网站 | 欧美少妇一区 | 99国产一区 | 日韩精品社区 | 91成人精品一区在线播放 | 国产久草视频 | 国产又爽又黄免费视频 | 青青草原在线免费观看视频 | 亚洲午夜小视频 | 中文字幕亚洲成人 | 色站综合 | 波多野结衣精品在线 |