Recently, the name Bitcoin has appeared frequently in the public's field of vision. With the rising of Bitcoin, some people have been arrested for taking the risk of stealing bitcoin. How valuable is this bitcoin? How is this person stealing bitcoin and being arrested? Let's take a look together.
A self-proclaimed Nakamoto Satoshi posted a discussion statement on a secret cryptography commentary group, stating his new vision of e-money - Bitcoin is here. What are the characteristics of that bitcoin?
Advantages of Bitcoin
1. Completely centralized, without issuing institutions, it is impossible to manipulate the number of issues. Its distribution and circulation is achieved through the open source p2p algorithm.
2. Anonymous, tax-free, and exempt from supervision.
3. Robustness. Bitcoin relies entirely on the p2p network, no distribution center, so the outside cannot close it. Bitcoin prices may fluctuate and collapse, and many governments may declare it illegal, but the huge p2p network of Bitcoin and Bitcoin will not disappear.
4. Without borders and cross-border. Cross-border remittances will go through a layer of foreign exchange control agencies, and transaction records will be recorded by multiple parties. But if you use Bitcoin to trade, enter the digital address directly, click the mouse, wait for the p2p network to confirm the transaction, a lot of money will pass. Without any control agency, no cross-border transaction records will be left.
5. The cottage is difficult to survive. Since the Bitcoin algorithm is completely open source, anyone can download the source code, modify some parameters, and recompile it to create a new p2p currency. But these cottage currencies are very fragile and vulnerable to 51% attacks. Any individual or organization that controls 51% of the computing power of a p2p currency network can manipulate transactions and currency values ​​at will, which will be a devastating blow to p2p currency. Many altcoins are dead in this link. While the Bitcoin network is strong enough to control 51% of the bitcoin network's computing power, the number of cpu/gpu required will be an astronomical number.
Shortcomings of Bitcoin
1. The vulnerability of the trading platform. The Bitcoin network is very robust, but the Bitcoin trading platform is very fragile. The trading platform is usually a website that is hacked or shut down by the competent authority.
2. The transaction confirmation time is long. When the Bitcoin wallet is first installed, it will consume a lot of time to download historical transaction data blocks. In the case of bitcoin transactions, in order to confirm the accuracy of the data, it will take some time to interact with the p2p network, and after the whole network is confirmed, the transaction is completed.
3. The price fluctuates greatly. Due to the involvement of a large number of speculators, the price of bitcoin exchange for cash is generally ups and downs like a roller coaster. Make Bitcoin more suitable for speculation than for anonymous trading.
4. The public does not understand the principles and the resistance of traditional financial practitioners. Active netizens understand the principles of p2p networks and know that Bitcoin cannot be manipulated and controlled. But the public does not understand that many people can't even distinguish the difference between Bitcoin and Q. “No issuer†is the advantage of Bitcoin, but in the eyes of traditional financial practitioners, the “no issuer†currency is worthless.
Is bitcoin worthwhile? How much is Bitcoin worth?From the beginning of its birth to the present, bitcoin prices have experienced many roller coaster-like ups and downs, and in mid-December 2017, bitcoin transaction prices have skyrocketed, and the London digital trading platform CEX.IO has been on the bitcoin price. For $11,000, the bitcoin transaction price of some other trading platforms broke through $19,000 on the day. For those bitcoin holders, Roger Ver (300,000) and Wenkleworth brothers (100,000) are worth a lot of money.
However, on December 21, the Ukrainian exchange Liqui broke the 60,000 bitcoin and the hacking of some trading platforms. Bitcoin prices fell below $14,000 on December 22.
On January 11 this year, Bitcoin fell below $13,000 in intraday trading. For this decline, some analysts pointed out that this is more and more closely related to the recent regulation of bitcoin transactions in South Korea.
Even with such a large risk, Bitcoin has been fired from the initial no-one transaction to the current $13,000. In my opinion, bitcoin, as a special commodity, is worth a lot of money, depending on how much you think it is worth.
What is the crime of being arrested for taking the risk of stealing bitcoin?Beijing Haidian police cracked a case of destroying computer information systems. The suspect Zhongmou used his administrator's authority to modify the company's computer application and steal 100 bitcoins worth millions of dollars. In the future, he was able to sell it, and Zhong was arrested by the police. At present, Zhong is criminally detained for allegedly damaging the computer information system.
On the evening of September 25 last year, the Xisanqi Police Station of Haidian Branch received an alarm from a technology company in the jurisdiction, claiming that the company's computer information system was destroyed and 100 bitcoins were stolen, worth millions of yuan. The police discovered through technical investigation that although the suspect invaded the company's account by remote operation, the primary protection through the system was entered using the company's password. It can be seen that the suspect should be inside the company. After work, it was determined that the company administrator Zhongmou had a major suspicion.
In the early morning of January 2, 2018, the police summoned Zhong to the police station. After the trial, Zhongmou confessed that he is the administrator of the company and knows that there are bitcoin transactions abroad, which is very valuable, and he wants to make some money. After using the administrator's right to enter the company database, it cracked the company's account password for storing Bitcoin and theft of 100 bitcoins.
The suspect Zhong Mou also explained that he wanted to transfer the bitcoin to a foreign website, but he did not know how to operate, so he found a "bitcoin wallet" application.
The stolen 100 bitcoins were saved and 10 bitcoins were transferred to the "core wallet". Due to his operational errors, the 10 bitcoins could not be recovered.
After the work of the police, Zhongmou returned the remaining 90 bitcoins to the company, and the 10 bitcoins deposited in the “core wallet†could not be found.
At present, the suspect Zhong Mou has been criminally detained by Haidian police for allegedly damaging the computer information system. The case is under further investigation.
to sum upFinance is risky and you must be cautious when you enter the bank. Gentlemen love money, take it right, don't go on the road to crime in order to make money.
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