The currency undercurrent under the ban: Introducing the Internet finance concept

Although the central bank tried to curb the speculative behavior of the Internet virtual goods of Bitcoin by banning third-party payments and banks from trading in bitcoin as early as 2013, the Ben Cong fans in the seemingly depressed markets did not give up their investment in Bitcoin.

Remove the traditional "mining" and trading platform and other upstream industries, the bitcoin market has formed a comprehensive industrial chain including margin lending, bitcoin wallets, digital credit, bitcoin, Bitcoin payments, and the fact that Bitcoin is a revolution in digital currency or another Ponzi scheme, and is still unknown.

The trend of finance

There are two ways to get Bitcoin, one is well-known platform trading and the other is "digging".

Early excavation is mainly personal through the PC computer, the use of CPU, graphics card computing power to carry out, to later have a professional mining machine, and now into the cloud computing power era.

"In the era of cloud computing, there is a special body to buy a lot of mine machine directly installed, set up a mine to bear the noise, heat, power consumption and so on alone." The mine puts the whole force on the Internet, let everybody go to subscribe, buy several ore machine or buy some calculate force, buy after calculate force in theory belong to buyer, it produces income belong to buyer, buyer do not take the mine machine home, but will share according to share, this is the cloud calculate force times. BTC123 founder Mo said.

In addition to the scale of the mining industry, Bitcoin trading has entered a financial era. According to the 21st century economic reporter learned that from the beginning of the second half of 2014, the current bitcoin market has been bitcoin wallet, futures, regular financial management, cash treasure (similar to the balance of treasure) and a series of financial products. Even the current domestic market in the booming Internet finance has been introduced into the bitcoin market.

According to the 21st century economic reporter learned that the current domestic use of Peer-to-peer network loan model to do Digital Asset mortgage loan Peer-to-peer network loan platform.

"We believe that the digital assets that can be effectively mortgaged should meet two conditions, one with a clear market value and another that can be quickly realizable." According to these two conditions, the current main can be used to mortgage the digital assets, one is the domain name, the other is the digital currency, such as Bitcoin, the Wright currency. "Pawnshop Network CEO Qin to reporters.

"Because Peer-to-peer is a point-to-point free trade, the average investor's knowledge of virtual assets such as domain names and digital currencies may be inadequate, and if the platform itself cannot reasonably price a domain name or a digital asset, there will be a lot of risk for such a peer-to-peer platform." A well-known Peer-to-peer agency in charge told reporters.

In addition, some Bitcoin trading platform has also introduced Bitcoin's class balance treasure products and regular financial products. BITVC on the sale of the first regular financial products for example, the wealth management products for a total of 2000 yuan (market price of about 6 million RMB), 50 per person limit purchase, monthly yield of 1.2%, the period of 2 months. BITVC through with the fire Money network under the mining pool digcoin cooperation, with its own mine calculation force to do the mortgage, the use of financial products raised funds to expand the calculation of the force to dig the mine, and investors to share the proceeds of mining.

"Although the current Bitcoin revenue is considerable, but in the long run, the difficulty of digging is always more and more, simply rely on digging ore is difficult to ensure that Bitcoin regular financial long-term income." In addition, the fluctuation of the price of Bitcoin itself may result in the decline of investors ' earnings. One bitcoin veteran told reporters.

The outlook is unpredictable.

From the beginning of the birth of Bitcoin, the voices of doubt have been heard. The first thing to go around is policy risk.

In the first half of 2013, the price of Bitcoin soared, nearly half of the world's Bitcoin transactions gathered in China, in order to avoid virtual goods such as Bitcoin to borrow "virtual currency" in the name of excessive hype, damage to the public interest and the renminbi's legal status, the central bank issued a notice on the prevention of bitcoin It is pointed out that Bitcoin has four main features, such as no centralized issuer, limited total amount, no geographical limitation and anonymity, and prohibits banks and third-party payment agencies from gaining access to Bitcoin transactions. Then, bitcoin shrank sharply in China, which now has only one-tenth of its trading volume.

The price of the top and bottom prices not only hurt Bitcoin investors, but also raised the question of Ponzi schemes. Many observers believe that most people buy Bitcoin because they think it will appreciate, not because of the value of Bitcoin itself. "Even if a merchant says it's willing to accept Bitcoin, it's also a show because if you're willing to accept Bitcoin, there's a media willingness to report it, which is tantamount to a cheap ad." "A once-bitcoin investor told reporters.

"If Bitcoin's financial instruments are really as mature as the real world, with the market price of Bitcoin at present, large capital arbitrage is inevitable," says one financial practitioner who holds bitcoin for the ever-changing bit-currency game. First in the futures market lock prices, and then put into Bitcoin regular financial management, with the current Bitcoin regular money management of high yield, almost is no risk arbitrage. ”

"And don't say Bitcoin has not yet paid the scene, with the current Bitcoin play, is likely to be again under the pressure of regulators." "A senior observer at Bitcoin said to the 21st century economic reporter.

"In the real world, banks issue financial products to the regulatory level for approval, Bitcoin's financial products are still small, once bigger, inevitably encounter policy barriers." A financial regulator told reporters.

(Responsible editor: Lvguang)