People publish an article about Bitcoin development online

Absrtact: The People online published an article on the development of Bitcoin, the following is content extraction: Bitcoin development into a vague period: the vast majority of national regulators are wary and cold. For example: The Bank of England's recently released report: When the digital currency is fully marketed

The people online published an article on the development of Bitcoin, the following is content refinement:

Bitcoin has entered a "vague period": the vast majority of national regulators are wary and aloof. For example: The Bank of England recently released a report: When the digital currency is fully accepted by the market, it will threaten the stability of the UK financial system.

However, Bitcoin is expanding with different channels. For example: Melbourne's CoinJar issued the first bitcoin debit card in Australia, Coinbase is in Europe.

The traditional monetary functions include: value-for-money, means of circulation, storage and means of payment. It has been argued that the applicability of Bitcoin as a medium of exchange has been weakened because of price fluctuations.

Internet Information technology will have an astonishing impact on the monetary system.

The sovereign States and government structures that underpin the survival of the modern legal currency remain strong.

The existing legal tender is guaranteed by the State or government credit as the final guarantee. Bitcoin lacks a channel for credit expansion.

Only by further regression to rationality and strengthening its own monetary attributes can bitcoin develop better.