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1

John Donahoe ,the CEO of eBay claimed on Thursday that bitcoin and other virtual currency play an importrant role in his company .
He said,”we will have to integrate digital currency with wallet .”
Though John refused to reveal when he bought bitcoin ,he talked about its advantages widely and explained why he bought bitcoin .”I buy bitcoin is not for investment but for knowing about how to use it .I think that bitcoin is two-faced ,including investment and digital currency .As an individual ,the latter attracts me most .It refers to how we use the technology to solve other problems .”


Is Buffett wrong ?

Meanwhile , Marc Andreessen ,the united founder of Andreessen Horowitz gave more explanation about the two face of bitcoin .
“We are still investing .But we are a risky investing company ,so we gamble plucky .”He said ,”Must bitcoin be ok ?”No .But if it can ,will bitcoin become more important ?Yes .
He also replenished ,”The another factor of bitcoin is technology .It is a kind of completely independent currency .Its value is unbelievable .
He still believed that the comment from Warren Buffett to bitcoin is wrong .


Price increases

Recently ,bitcoin price increases rapidly .Compared with the Spring this year ,its price has increased by 80%.It is because some reports said virtual currency has been accepted widely .For example ,Dish Network ,the supplier of American satellite TV announced to accept bitcoin last week .It’s the biggest scale company to accept bitcoin until now .
Coinbase will be responsible for its virtual currency trade .The company will exchange bitcoin into dollars immediately .


The biggest bitcoin wallet service .

Fred Ehrsam ,the united founder of Coinbase estimated that it would be a big company to accept bitcoin within three months .
Now ,Lord&Taylor and Overstock have accepted bitcoin .Donahoe believed that as time go by ,more and more merchants will accept bitcoin .


Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can  correct it.
Source http://www.yibite.com/article-3626-1.html

2
“With stable and good tax environment of Singapore ,it becomes a perfect place to sale and save precious metal .”the united founder of a Bitcoin gold trade company .
The CEO Torgny Pesson of BullionStar.com is a Singaporeexpat person .He has founded the Swedish gold trading platform LibertySilver .se in 2008,and LibertySilver .ee in 2011.
In 2012,Singaporegovernment cancelled the sales taxation of precious metal .So he started to move his company toSingapore.And Singaporehas cancelled some useless system ,he said .
Singapore doesn’t receive any capital gains tax to gold investment .The safe saving of metal enjoys many choices and the right of intellectual property .So the city has more attraction to metal investors .
Don’t connect Bitcoin with gold
Though Bitcoin and gold have the philosophical basis of able-bodied currency principle ,the hobby of their fans is different.
Persson of BullionStar believes that Bitcoin is stable currency as well as an interesting investment .He said ,“unfortunately ,some masters of precious metal only criticize the currency system and bank trading system ,and they ignore bitcoin .”
He hopes that users can consider to hold Bitcoin and precious metal as physical currency and compare them according to their price and value .
Physical location
The investors inSingaporecan buy Bitcoin online or on the physical shops of BullionStar .
They can save their fund in BullionStar ,like “gold bank ”.
Healthful profits
It’s good to sell gold by Bitcoin ,even not in Singapore .nIn fact ,the commercialism of digital currency may be one of the way to make more profit .
Amagi Metals ,whose headquarter is in the USA ,is one of the earliest Bitcoin gold trading merchants to accept Bitcoin in the world .It accepts Bitcoin one year before ,and now BitPay is one of the biggest clients to them .
Within one month ,Amagi plans to add other functions to the website ,including price remind by text and email .


Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can  correct it.

3
Tonight ,central bank of Europe made a decision on decreasing benchmark interest rate ,while deposit rate decreases to -0.10%iBitcoin seems to make a response :increase .
Bitcoin price increased from 644.52dollars to 664.99dollars in a minute .
The response is difficult to see in Bitcoin history .
This is different from the Bitcoin increasing price recently .



In the past two weeks ,Bitcoin price has increased by 47%,aBarry Silbert ,the CEO of SecondMarket said it is because :
The American second largest satellite television operator DISH announced to accept Bitcoin payment later .
Apple revises its stragety to allow virtual currency trade .
BitPay raised 30 million dollars successfully recently .


Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can  correct it.
Source http://finance.ifeng.com/a/20140605/12485553_0.shtml
 

4

On 5th June ,the provider of Australian Bitcoin wallet and trading platform,CoinJar announced that Iphone users inBritainandAustraliacan use IOS application now .
Recently ,Apple revises its service terms after WWDC ,now it claims that apps application can promote virtual currency trade ,but it should obey the law .In other words ,Apple will support Bitcoin application .
The application is a good news to ios users .But the announcement causes some unsatisfy from YouTube and some other social websites .Some Bitcoin fans also break up their Iphone to express their unsatisfy .
Ryan Zhou ,the united founder of CoinJar provides some extra news on reddit ,expressing his company will gain the admission frond Apple shortly later .He also said ,Its application procedure will be widely used within 24 hours in some countries :Australia ,Austria ,Belgium ,Canada ,Danish ,finland ,France ,Germany ,Hongkong ,Ireland ,Italy ,Luxemburg ,Holland ,newZealand ,Norway ,Poland ,Singapore ,Spain ,Sweden ,Switzerland and Britain .
The CEO of Blockchain tells news BTC that their company will submit its application to Apple to gain the admission .
 


 Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can  correct it.

5

People has used gold as saving for long long history .It enjoys many advantages :good luster,easy to process,difficult to wear out ,easy to discern and difficult to corrode .
In spite of many advantages ,it has its fatal disadvantage –too heavy to carry .
In 1300s ,Kublai Khan developed paper money ,changing our way to use money .He realized that without common admission ,any currency (seashells and gold )didn’t have their value . Moreover ,with paper money ,the trade were convenient .So he developed the new currency –paper money ,and emphasized its value constantly .Compared with gold and silver ,paper money improved the trading efficiency of the country.

Africa :electronic currency is popular

In 2012 ,the writer James Surowiecki said ,the successful currency can adjust business and help people exchange their cargo and service to encourage people’s activity to work and create .And when money develops its real function ,it’s only a process.
Yes ,money is not existing specifically but a process .It only can help us carry on pure interaction .We need buy or sell ,flowing and so on .The form of money is not important .What important is to buy what you need .
Now ,the most convenient currency is electronic currency .And a phone card is enough .Electronic currency is not fresh .It has been financial organizations for several years .
The data from Fedwire Funds Service shows that American federal reservation bureau manages about 240billion dollars electronic currency everyday in 2012.To banks and large companies ,it’s also normal .
To customers ,though credit card and ATM card are common ,there are only electronic payment way but not digitize .
Recently ,the fastest area to develop digital currency and mobile payment may beAfrica.Because the area has to keep the same pace with other developed areas .

For example ,in Kenya and south Africa ,currency exchange only need mobile phones .The easiest technology is message .Most customers cant afford iphone and Android ,so messages is the best communicating way in Africa .And most people use Nokia or Sumsung E250.

On the South of Sahara of the Africa ,most people don’t have bank accounts or ATM card .But all of them use mobile phones .It’s the mobile phones that give them a safe and dependable money ecological system .
Without telephone and traditional currency,Africauses mobile phones and digital currency directly .
M-PESA is the biggest platform of digital currency payment on east Africa .Its users increase from 3.6million to several hundred million . .

The platform managed 245million dollars every month until July ,2008.

Its operation is very easy :You can exchange your cash and electronic currency from any agents of M-PESA .
With Safaricom ,M-PESA develops fast .Until 2013,its users reached 19million(adults ),and 15million are the users of M-PESA .
Whether hydro-electricity fee ,insurance premium,tuition or immunotherapy ,the 15 million users use M-PESA to pay .Through M-PESA ,users can transfer account .Buy something or pay for something are also easy .
The outcome of digital currency .

Digital currency ,good or bad ?

In 2012,Jessica Leber has talked that some police in Afghan are paid by Bitcoin .
First they gain their wage through mobile phones ,and the police think their wage has increased .However ,leaders embezzle constantly .
Leber also said ,there are about 0.7 million employees in the government in Afghan ,but part of them don’t have bank accounts .With serious safety problem ,paying for wage with cash is quite dangerous .
So digital currency payment can decrease the government payment .And mobile payment way can ease safety and corruption problem to some degree .But the way may expose to some problems .In 2012,its digital bribes and kickbacks were about 4 billion dollars ,almost double than taxation .
lElectronic payment is not the good idea to solve corruption problem .nAnd it will not turn the poor into the rich .

Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can  correct it.
source http://btcman.com/bitcoin-news/20140604/2081.html

6
Development & technical discussion / Quantum computers and Bitcoin
« on: June 05, 2014, 08:10:15 AM »

First ,I am the professor of internet safety .Also ,I has joined in the research of quantum computers and safe algorithm .I am glad to join in Bitcoin industry .Maybe my research pushes me to the industry .
First we talk about quantum computers .
It’s real not fake .




Google has bought a quantum computer called D-WAVE ,but it is difficult from the other quantum computers in real sense .Its function is to solve qubo problem (give you a function F ,seek  a element A to make F (A )F (x) .It’s the base of many important problems .But NP-HARD cant solve it .But D-WAVE can with quantum tunneling ).


So what is the disadvantage of D-WAVE ?

1.D-WAVE doesn’t have the ability to programme .It only can solve the qubo problems

2.D-WAVE cant manage the algorithm of SHA256.3.The distillation depuration of D-WAVE is only a range not a concrete figure .4.D-WAVE is a waste to BTC .



Scientists haven’t drawn a conclusion on whether D-WAVE is quantum computer .But now ,no quantum computers are commercial really .You may meet some problems when you use quantum computers .


1.No-Cloning Theorem is that copy a same unknown quantum is impossibility on quantum mechanics .So unknown quantum Bit cant be copied completely .So the outcome is that without anything in the program on the quantum computer ,so programming is impossible .


2.Measure problem .”If ”doesn’t exist on quantum computer ,once you use “if ”to measure quantum ,the result will not carry on quantum information ,and the procedure will be the end .So it doesn’t have if ,while ,for ,loop and other controllable function .


3.With the measure problem ,its outcome is at random .But if much quantum with much information ,its outcome will be precise .However ,without the data kind of int ,all arithmetic symbols of cryptography is difficult to use .


4.There are too much differences between quantum computers and normal computers .People who do research on quantum computer study physics ,while people who do research on normal computer study computer .It’s completely different .
With the above problems ,quantum computers don’t have the ability to programme .And quantum computer should cooperate with electronic computer to finish its work .


Quantum circuit computer only can manage some quantum algorithms ,which are based on Fourier ,grover ,shor and so on .Also ,what shor can solve directly is RSA encrypt .

There are two kinds of encrypt ,symmetric and non-symmetric .Non-symmetry encrypt is RSA .HTTPS is connected symmetric with non-symmetric .The safety of RSA is that most factorize is too difficult because it often use more than 1000 bits figure .Though quantum computer can solve RSA ,but the problem is that the time of the quantum can carry on its information is too short .Moreover ,observation will cause quantum information to lose .

And when quantum comes to quantum line ,its accuracy will decrease .So quantum computer cant solve RSA completely .Now we give some introduction about SHA256.SHA256 is a HASH algorithm .Its numerical is less than its source data .So the algorithm is incomplete .

That is to say ,even if the quantum computer is good ,it also cant gain your password.It doesn’t have any relationship with the calculating ability .So even if quantum gains what a big breakthrough ,it only can attack network banks but not BTC .Bitcoin doesn’t have any Fourier similar to quantum ,so quantum computer cant attack it .If quantum computers are widely used ,it must be used to mining .


quantum computer is like mining machine .
1.Single quantum computer doesn’t have the ability to attack BTC websites .

Though quantum computers can decrease the times to operate ,it runs slowly .Meanwhile ,it’s difficult to compete with other mining machines .

2.The price of Quantum computer is very expensive .
3.Sensible miners will not attack BTC websites .
4.Quantum computer is the technology of global competition .Once facing to the market ,it may be used widely .

So developing quantum computers may make passive effect on the mining machine industry .Of course ,its calculation and safety may get increase .

The appearance of quantum computer ,like Avalon ,only may increase bitcoin price .




Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can  correct it.

Source
http://btcman.com/bitcoin-news/20140604/2083.html

7
Bitcoin discussion / Bitcoin has increased by 80% since April
« on: June 04, 2014, 04:01:21 AM »
Bitcoin attracts more attention again .Its price has increased by 80% since April .It is mainly supported by some good news and acknowledgment .
The data from CoinDesk shows that bitcoin price has increased from 450 dollars on 25th April to 665 dollars on 20th May .
The bitcoin investor Roger Ver said ,more and more people realize that bitcoin can change the whole world .
However ,in spite of the increase ,it has some distance Compared with December last year .Its price was about 1100 dollars at that time


Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can  correct it.
Source http://finance.sina.com.cn/360desktop/world/20140604/065819306963.shtml?qq-pf-to=pcqq.c2c

8
Avalon Hyper Array Scalable Hashing System 
Bitcoin mining machine industry may develop new products within 3~6 months .That is to say ,stop innovation means death .
The pursuit to innovation is the source to development .To Avalon team ,innovation is a belief .Only with innovation ,it can exist on bitcoin mining machine industry .
Avalon team develops the first Hyper Array Scalable Hashing System .On the system ,the concept of single mining machine is gone ,and array scale appears .For example ,the module of Avalon is 40nm ,and each is 295G .According to the area ,powered ,radiator on the mineral ,clients can choose the module from 1~40 to build up a array scalable Hashing unit .And they use a terminal ,a reticle and an IP address to control .
Today ,no technology or products are perfect absolutely .The first generation has its provlems .Each its module need take up on a USB interface .
The second generation develops ADP to solve the first problems .It uses many modules to use an USB interface commonly .Each ADP has four 8p power interfaces .And it can work with two interfaces .Along with them ,it has two interact 4 pin and 2 ID jumpers .Clients can set four kinds of address on ADP through the jumpers .And with the four chips linking line ,they will be connected .And one USB interface can be connected with 4 modules .So if an USB system with 10 interfaces ,it can be connected with 40 modules .
Avalon bitcoin mining machine 40 nm single module assessment .

Its desigh is to solve some hardware problems of the second generation .Meanwhile ,it adds to some new functions .The third generation only need an 12V input to work .Compared with the last generation ,it cancels ATX24P interface and reduces the volume .Whether any single power to supply power ,it also can be used .There are four 12V interfaces on ADP ,and it can work with two .Avalon3 has mounted the main controller on the inner modules .Its main chips is Spartan6-XC6LX16 FPGA,which can be programmed .It[font=宋体]’[/font]s the integrated design that gives birth to Avalon3.The most important part of mining machine is DC/DC power .The controller uses ADP3208D ,which is suit for the standard of Intelsat IMVP-6.Power module is designed by solid-state capacitance .The large electric current part of PCB is added cooling stannic fin .Also ,each module has 5 units ,and it totally mounts 50 chips .
Compared with some T class mining machines ,the advantage of Avalon is obvious .If you want to furnish the mineral ,you should hire some men to move the T class mining machines .But Avalon single module weighs 3.5kg ,a woman can move it easily .Moreover ,as common T class mining machine ,one should use 1000w power ,and the price is expensive .And the supply cant be guaranteed .But the biggest input power of Avalon is about 350w .The power is not only cheap ,but also easy to get .


Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can  correct it.
 source [size=78%]http://www.pcpop.com/doc/1/1013/1013876.shtml[/size]

9
Bitcoin discussion / Why does bitcoin increase by 64% since April ?
« on: May 30, 2014, 09:37:36 AM »



Recently ,bitcoin price increases again .
Coindesk shows that bitcoin price increases from 360dollars on 10th April to 590dollars on 27th May .




The trend changes
We can see the picture that bitcoin is first over the average line of 50 days .
Investors can see bitcoin price changes between different average lines ,and the price gradually stabilizes .
Turnover change



The turnover is about 16000dollars every day since 18th May .But from 19th May to 26th May ,the turnover is about 41000trunk bitcoin .
Why ?
Compared with the price trend before,less relative news affect bitcoin price recently .Maybe the demand and use of commercial bitcoin impels its price increasing .
However ,its commercial amount keeps stable recently as follows :



Recently ,board of directors of Ebay is confidence in bitcoin future ,and it will attach bitcoin to Paypal .
Though Chinese payment attacks bitcoin ,Chinese trading places are still running reluctantly .In fact ,the trading amount of BTC China is increasing .
Moreover ,the trading amount of a bitcoin payment company called bitpay is about 100,0000 dollars every day .




Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can  correct it.
[size=78%]Source http://tech.163.com/14/0529/17/9TE9N0R400094ODU.html[/size]


10
Newbies / Twenty amazing secrets about bitcoin
« on: May 30, 2014, 09:08:00 AM »
1.interesting programming money
Bitcoin wallet is like individual credit card ,you can set and save your bitcoin .Some new wallet version can programme it .
You can set some functions like GPS on your mobile phone .If your children leave the city ,it can lead the wallet not to close .
You also can set “treasure hunting ”procedure .If you use in correct places and time ,the coin will release suddenly .
You can set a date to use bitcoin –the bitcoin must be used until their 18-year-old birthday or Christmas .
2.using bitcoin to buy physical goods first
Bitcoin price is not set by any committees or governments .
The citizen Laszo Hanyez from florida may be famous for buying the most expensive pizza .He also creates the history to buy physical goods by bitcoin first .
He bought 2 pizzas (about 30dollars )from Papa John’s Pizzas
By 10000trunk bitcoin on June ,2010.The price is about 5 million dollars today .
At that time ,one bitcoin is about 0.33 dollars .
3.Bitcoin creates billionaires .
Bitcoin price increased from 13dollars to 1000dollars in 2013.
According to the speed ,today, people who own 1 bitcoin will be a millionaire within 2 years .
4.Bitcoin is not alone .
Since bitcoin is popular ,people have created millions of other digital currency .Litecoin ,dotcoin ,dogcoin and others .  
Millions of people buy replacing currency ,expecting bitcoin miracle will appear in other currency again .
5.The fastest mega computer in the world .
Recently ,the calculating ability to protect bitcoin network is 6000 times stronger than the group of mega computers from Fortune Global 500.
6.Bitcoin wallet is amazing .
Before buying bitcoin ,you can set your individual bitcoin wallet .Its ID amount is the same as atomicity .
So you can set endless wallets and they are free .New wallets can be used two or more passwords to protect .
7.Bitcoin on the mobile phone
Recently ,25-dollar mobile phones are developed .
It’s estimated that mobile phones on the world is more than humans .
Many poor countries use mobile phones rather than cable telephones .
Without electric supply ,they use solar energy to charge every day .
Most people from developing countries don’t go to banks ,but banks can send them bitcoin and mobile phones .
Sending digital currency has been proved to help villages move off poorness .It also expands their world .
8.Bitcoin trading places
Gathering Online EXchange”。
The first online bitcoin trading place is Mt.Gox .Its name is “Magic The Gathering Online Exchange ”.
Its trading amount is high .When bitcoin value is less than 1 dollars ,it has been founded .
However ,when prople found that bitcoin can make more money than cards ,the company is over burthen .
More than half trading places have closed .
In America ,large financial companies are building up their trading places ,which may be supervised and protected .
9.give up bitcoin but not bit .
Recently ,one bitcoin is divided into 8 decimals .
Bitcoin community chooses to divide bitcc into 6 decimals ,its unit is bit .
Bit is a part of bitcoin .You should spend 1 million bit in buying one bitcoin.
Today ,100 dollars can buy 0.2 bitcoin or 200,000bit .The amount is the same ,but which may let you feel much richer ?
10.your account is on a dot .
In the future ,bitcoin billionaires will save their bitcoin in a dot .
When you use internet ,you can input your account and password .
Your account will be saved on public account book .You can read it through internet .
11.Forget money laundering ,otherwise ,your behavior will be recorded
Any trade will be recorded by the public account book and will be shared .It can not be changed .
After bitcoin trade ,the record will be saved forever .You can open or close your wallet information and control its confidential degree freely .
Once bitcoin is transferred to some public wallet address ,the trade will be kept track secretly .
12.most trade is born in gambling .
The gambling website “atoshidice ”has gained about half trading amount of bitcoin .
Provably Fair is a website ,which can verify the times clients gamble by an independent probabilistic system ,Moreover ,it has been proved to be fair through mathematics .
13.Who trade with paper money ?
Flat leak shows in time that who is using legal currency to buy or sell bitcoin in the world .
14.bitcoin may be legal currency in some poor countries
Bitcoin total value is over the value of 100 kinds of legal currency from 160 countries .Some people inquire whether someday its legal currency will be replaced by bitcoin .
15.Bitcoin is more important than internet .
Large companies invest several hundred million dollars to small bitcoin companies in 2014.。
Experts and scientists often talk about whether bitcoin and internet can change the world ,and which is more important .
Marc Andreessen,
Marc Andreessen,one of the experts talking about bitcoin , has developed the first WEB browser Mosaic.He often recalls how his friend and he changes internet .
As reference ,most Americans use internet after 7 years .
16.Pay more attention to bitcoin network growth .
As time goes by ,bitcoin network builds up and grows up all over the world gradually .Its development is similar to the internet .
17.Stealing money may not happen in the future .
New digital wallet need at least two passwords ,or more .
It includes the marauding from government to public because many countries can gain people’s bank accounts easily .
Individuals can add more passwords .
18.prevent Stealing
Bitcoin payment is equivalent to cash ,so retailers don’t need bank accounts .
If they use bitcoin payment , hackers attack (Neiman marcus and Michael)will not happen .
Bitcoin payment is not payment promise ,it’s full payment .
19.No authorization
Many people don’t have bank accounts all over the world ,so they can not borrow money .
Bitcoin don’t need any bank accounts or trust guarantee .They can buy or sell anything on any market by bitcoin .They don’t need the authorization from the court .
You are your bank ,you don’t need any authorization .
20.As currency ,bitcoin starts just now .
Bitcoin network and chain have the functions ,including recording owners ,headline ,copyright ,trademark ,family and cars and so on .It’s notary .
All records are dispersed .Node information are shared and copied to computers by the whole bitcoin network .Individual work is to transfer fund from one account to another ,It need learning because the process can be automatic.
Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can  correct it.

11
Bitcoin technical analysis / Bitcoin derivative
« on: May 29, 2014, 09:41:08 AM »


Many analysts do some research on Bitcoin trade and its outturn organization .
trading structure :Bitcoin derivative trade should obey 24/7 rule to keep track in time .The collateral from the members of outturn may be the tool of cash or securities .Build up reasonable security money system to make sure to stop trading with the emergency .

trading places :they are important to the execution of the contract .But they should not manage directly .Good structure trading places can develop the trade perfectly .Multipartite trade can prevent price from making a too big effect .oSo the governments may suppress the price .
The application of the contract :According to balance sheet ,Bitcoin futures contract should be suitable for the Standard of currency futures contract .The month of the contract are March ,June ,September and December ,The unit are 100BTC and 250BTC .Primary security money and maintain security money are 10% and 8%.

Now ,the biggest Bitcoin futures trades are ICBIT.se from Alex Stukalov and MPEx from Mircea Popescu.But they dont have the core function of reckoning .In addition ,BitFinex ,Btc.sx,Bit4x and Coinsetter provide non-Standard contract .People developed futures to face up to currency risk in the past .Today ,the futures market of encrypt currency makes an innovation again .


Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can  correct it.
Source http://www.yibite.com/article-3537-1.html
 

12
Bitcoin discussion / Bitcoin VS Gold :who is the winner ?
« on: May 29, 2014, 09:22:37 AM »
With many common characteristics ,Bitcoin is called “Gold 2.0”.So maybe we should hold a competition between gold 1.0 and gold 2.0.
There are the judging Standard –Six attribute of currency :
Durability
Convenience
]Separation
]Replacement
Limited supply
Acceptance
Durability
Gold is one of the most durable material on the global .It’s really rare goods .
Bitcoin may be destroyed when mining ,but the condition hasn’t happened .However ,if the hard disk with secret key is buried in the refuse landfill ,the unit of Bitcoin may be gone forever .Each unit of Bitcoin are written in the public record .We can predict what will happen in the future ,but until now ,Bitcoin running is great .However ,Bitcoin is only an experience ,so gold gains one point .
Winner :gold
Convenience
A 0.2 million dollars house need 12 pound gold .Moreover ,its quality is also a problem .Then safety and insurance are the important problems .If you want to transfer a large amount of gold transnationally ,first you must estimate the fee and safety .So if your house is located on other countries ,you should pay 2 more pound gold for other fee .
However ,you can use Internet transfer Bitcoin through the world .It is so fast with no insurance or fee .
Winner :Bitcoin
Separation
Gold can be divided into small pieces ,but it may cost high cost .Moreover ,not everybody can divide gold exact .In technology ,using science and expensive equipment to divide gold is possible .But in fact ,it’s difficult to do .
However ,everybody can divide Bitcoin into 8 decimal points .Moreover ,you can create endless free wallet to save your Bitcoin value if you want .
Winner :Bitcoin
Replacement
The exactness and value of an unit and another unit should be very similar .However ,gold can be undiluted .And gold may be casted with other metal.
But Bitcoin will not .If you don’t have several millions dollars investment ,you cant falsify Bitcoin .And the profit may be short .Moreover ,add sum up all Bitcoin value is 100%.
Winner :Bitcoin
Limited supply
Gold supply is limited .In the history ,gold can be filled with a tennis court .So it’s more difficult to seek gold .What’s more ,if there is a enormous discovery ,gold price will be low .
Bitcoin supply has serious rule and it may be published ended in 2140.We write up the contract according to issuance amount .So Bitcoin supply is more limited than gold .
Winner :Bitcoin
Acceptance
] Gold can be exchanged into other precious metal ,but actually little commercial activity accepts gold as payment .Because its identification is very difficult .Moreover ,gold is difficult to change .
However ,many areas accept bitcoin .Moreover ,bitcoin trading places are everywhere ,and you can be connected with banks directly .Bitcoin trend is that more companies will join in its group .With more confidence in bitcoin value ,its acceptance is increasing .As the investors from Wall Street pay more attention to bitcoin ,more and more people care about it .
Winner :Bitcoin
Summary
5:1,bitcoin is the winner absolutely .
Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can  correct it

13
Bitcoin Exchange / Bitcoin price rose by 25% in a week ,why ?
« on: May 28, 2014, 07:01:41 AM »

According to TechCrunch ,Bitcoin changeable price attracted much attention last week again ,one is its price rose by 25% in a week ,another is that a report points out that robots from Mt.Gox operated Bitcoin price .
Bitcoin price rises but its trading times are the same .
Bitcoin latest trading price is about 580 dollars rising by 25% in a week .It seems that customers are interested in it again .However ,its trading frequency hasn’t risen –the daily trading times of Bitcoin exchanging website Coinbase are still from 50,000to 75,000,but the Bitcoin trading amount in Bitcoin trading places is rising rapidly .
The statistics of daily trading times of Bitcoin trading places (expect Coinbase )last one month.
Bitcoin exchanging price change last one month

Secretive account “willy ”
Someone publishes a report called Willy Report through Wordpress .The report draws a conclusion through the trading record of Mt.Gox :Mt.Gox owns robot account ,and it made much effect on Bitcoin rising price on November last year .Its operator may be Mt.Gox itself .
Willy Report calls the robot as Willy –it is not a single account ,but an account only buys not sells founded on 27th September ,2013.
Its peculiarity :set an account and spend a very exact amount in buying Bitcoin (about 2.5 million dollars ),then set a new account again .After an account stops ,another account may continue .The account has spent 0.112 billion dollars in buying about 0.27 million trunk Bitcoin .And most Bitcoin were bought on November ,2013,while Bitcoin price rose crazily in this month .

Somebody said that Bitcoin rapidly changeable price was made by Chinese .And some said one or two accounts may not make a big effect on the global market .But according to Willy Report ,the willy account made a big effect on Bitcoin price .
Who is the operator ?According to Willy Report ,the robot account may be the criminal of the 0.5 billion dollars stolen Bitcoin .Its operator may be Mt.Gox itself .

Will Bitcoin appear new round increase ?
In fact ,if Bitcoin trading amount increases ,its applicable value can be realized.
What should we pay more attention to ?trading times or Bitcoin trading amount ?They are all important ,but trading times may be more important .As Bitcoin fans use it in their lives constantly ,we can see that the trading times will increase .
Anyway ,Bitcoin backlash means that it may be a large amount of money to buy it .




Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can  correct it.
Source http://it.sohu.com/20140527/n400115046.shtml?qq-pf-to=pcqq.c2c
 

14
The website Willy Report draws a conclusion through trading data analysis :bitcoin rapidly rising price last year and increasing trading amount in Mt.Gox may source to false trade .
Now more and more people start to suspect that bitcoin rapidly rising price last year and increasing trading amount in Mt.Gox may source to a cheat to some degree .In a detail ,a robot called Willy may buy 5~10trunk bitcoin in 5~10 minutes ,and the behavior may last for at least one month .
Mt.Gox bitcoin price rose from 200 dollars on November to 1236dollars on December last year .So more and more analysts study its reasons :Does Chinese speculate or hype in trading places ?Or virtual currency drains to foreign countries because of the government resistance ?
So Willy Report clarifies the suspicious robot trading activity in 2013.
Secretive trader
The author of the blog is also a trader .After analyzing some trading log books ,he found that trading robots are too many in the system and they may use different ID .A robot called Willy buys orders constantly to operate increasing price .
Another robot called Markus seems to buy in randomize price with no trading fee .Willy and Markus were most active in 2013.
The analysis is on the basis of the data opened on 9th March this year ,including all trading detail from April to November in 2013 of Mt.Gox .The later data we cant gain until now ,but some trading behavior is similar to Willy and Markus .
Two robots has bought 0.57 million trunk bitcoin last year ,affecting bitcoin trading price too much .Then was bitcoin inner value in 2013 really lower than its real value ?
Who are them ?
Now the problem is :Does hackers attack the system as the CEO Mark Karples of Mt.Gox said ?Or some people enter to the trading database to make illegal profit ?
The two robots are one of the biggest (trading amount )clients to Mt.Gox .
Whether the trading amount is big ,Markus usually spends the equal money about 15 dollars to buy bitcoin .It proves that the data may be wrong .
Strange record
The ID not only owns suspicious trading behavior ,but also its information are strange .The country code of Willy is ,while Markus is Japan ,and their ID numbers are far higher than other clients .
In addition ,the trade from Willy hasnt affected by the suspensive service of Mt.Gox .The ID still buys 10~20 trunk bitcoin in 5~10 minutes after Mt.Gox stopped the service to general clients .So Willy Report believes that it may be a robot operated by Mt.Gox .Or hackers mounted Trojan horse on its server ,but the possibility is too low .
The anonymous author of Willy Report doesnt believe hackers theory .The account balance aggregation opened by Mt.Gox this year doesnt include Willy ,and Markus only has 20 trunk bitcoin .And it seems no trade to withdraw deposit can be matched to the accounts .
In another anonymous Mt.Gox trading data on April 2013,the detail of Markus has been rectified .But the two record is similar in other aspects .In addition ,The ID number of Markus is 634,which is connected to the CEO
Many trading activity in Mt.Gox in 2013 was suspicious .And with the trading data ,many relative problems are proved immediately .
The author also said that the suspicious activity can date back to April last year (bitcoin attracted peoples attention widely firstly ).
Trust problem
In addition ,bitcoin companies are run by clients trust ,like official banks without insurance .The founders of the companies are mostly from technological industry rather than financial field .So founders may be gone with the bankruptcy .
The undependable crypto-payment system still need trust support .However ,the trust support hasnt been supervised ,so it may attract some speculators .
Lack of Supervision is the biggest problem of bitcoin .But in bitcoin community ,supervision is still an arguable topic


Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can  correct it
Source http://tech.sina.com.cn/i/2014-05-27/11129402885.shtml?qq-pf-to=pcqq.c2c

15
Bitcoin discussion / Bitcoin and CNY
« on: May 27, 2014, 03:15:42 AM »



Correspondent :As the revolution decision ,the Chinese government should expand opening financial industry and encourage financial innovation .Meanwhile ,central bank of China has released the notice to prevent bitcoin risk ,meaning that bitcoin should not be used on the financial market ,how do you think ?Hus hi zhi :Bitcoin is a kind of financial innovation .So as the currency publishing organization ,its reasonable for central bank of China to ban bitcoin,But whether to achieve the aim is unknown .
Central bank of China can deliver its mind to bitcoin ,but it doesnt have right to ban it .Any administrative monopoly is unjust .
Correspondent :The notice claimed that bitcoin is not published by governments ,so it isnt currency in a real sense ,how do you think ?Hu shi zhi :As a kind of innovation ,whether bitcoin will be currency widely need to wait .But the reason from the notice is wrong .
Bitcoin enjoys no inflation.
Correspondent :What advantages does bitcoin enjoy ?Hu shi zhi :If it is currency ,nobody can change its price easily .And nobody can issue in currency at random .Moreover ,it has no inflation .Correspondent :Many people may be worried about bitcoin (as currency )is not enough ,how do you think ?Hu shi zhi :If it is not enough ,people will not choose it to be currency .For example ,people choose gold and silver to be currency rather than diamond in the past .
CNY should learn from bitcoin
Correspondent :How to guarantee CNY status by central bank of China ?Hu shi zhi :attack strongly is wrong completely .If legal currency inflates constantly ,though bitcoin is gone ,there must be other currency appearing .If the government bans other currency ,people may give up using currency finally .Because nobody is willing to lose their money constantly through inflation .
So if CNY wants to win bitcoin fundamentally ,it should learn from bitcoin .To guarantee its currency status ,government and central bank of China should have self discipline .


Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can  correct it.
Source http://www.docin.com/p-749631242.html

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