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      "body": "Congratulations @linuxprobe007! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@linuxprobe007/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@linuxprobe007) and compare to others on the [Steem Ranking](http://steemitboard.com/ranking/index.php?name=linuxprobe007)_</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/steemitboard/@steemitboard/the-steem-blockchain-survived-its-first-virus-plague\"><img src=\"https://steemitimages.com/64x128/https://steemitimages.com/0x0/![](https://cdn.steemitimages.com/DQmYKnawrtqFCShyVvVs4QS7548eretcMUKQJc3D2f69pb9/image.png)\"></a></td><td><a href=\"https://steemit.com/steemitboard/@steemitboard/the-steem-blockchain-survived-its-first-virus-plague\">The Steem blockchain survived its first virus plague!</a></td></tr></table>\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "body": "1、Accounting pain point\n1.Cheating, money laundering\n2. Expensive audit fees\n3. Low transparency\n\n2. How to solve the blockchain?\nWe can record all invoice data information on the blockchain. These data cannot be rolled back and cannot be changed.\nSome invoice data information is uploaded to the blockchain. When the block is first created, a random number, a hash value, is generated and stored in the block.If we want to change something in the invoice, the subsequent hash will be completely different.\nTherefore, to check whether the invoice was the same as N years ago, simply hash it again and compare the hash value with the hash value obtained when the invoice was created.\nThe security and immutability of the blockchain ensures that no one can easily roll back the data and no one can change the content of the block. Everything can be checked and it is impossible to tamper with the data.\n\nAt the same time, as long as the hash value can be compared, it can also simplify the audit process and reduce audit costs.\n\nBlockchain data can be checked at any time and place, and it also ensures the transparency of the data.\n\n3. Possible problems\nPerhaps, companies have reasons like this and refuse to move accounting to the blockchain.\nUnless regulations force companies to do so. The government can demand that the company use a blockchain to store all invoices, bills, and accounts. This can also avoid tax evasion of some companies.\nOf course, if companies want to demonstrate their transparency and professionalism and maintain a good reputation, using blockchain technology can be a very good corporate PR strategy.\n\n4. Pain points in the financial industry:\nHyperinflation\n2. Cross-border remittances, payments\n\n5. How to solve the blockchain?\nFor inflation:\nIn the past, the central banks or governments of many countries increased their currencies without limit, resulting in hyperinflation, which drastically reduced the wealth of the people in those countries and brought pain to thousands of families. This was the case in Venezuela, and so was Nazi Germany. In the past, the people of these countries had no choice but to use the local currency. With the devaluation of the currency, many people lost their life savings.\n\nOn January 3, 2009, Satoshi Nakamoto embedded the text in the creation block: \"The Times on January 3, 2009, the Chancellor of the Exchequer stood on the edge of the second bailout bank\" and declared bitcoin to all human beings. The original intention of birth. Satoshi Nakamoto also wrote in his thesis: \"The fundamental problem with traditional currencies is that they must be fully trusted to function. It must be trusted that the central bank will not devalue the currency. However, there is no lack of historical circumstances that violate this commitment... ...\"\nBitcoin-led digital cryptocurrencies do not rely on the government’s credibility. Transferable, with good mobility and privacy - is a very good way to resist inflation.\nBitcoin offers a global alternative to those who are suffering from inflation, the global digital currency.\n\nFor cross-border remittances and payments:\nRegardless of traditional payment tools such as Visa and Master, or emerging third-party payments (Alipay and WeChat), there are many restrictions in terms of cross-border business scope and transaction amount. And in some underdeveloped areas, the transfer time takes 1 to 3 days, or even longer to arrive.\nThe digital currency transfer and payment can be realized in real time. And in any corner of the globe, as long as there is a network connection, digital money transfer can be realized.",
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      "body": "In fact, from the perspective of the rise of Bitcoin from the dark network, external factors have several key event nodes: the first was from May to June 2011. Bitcoin reached the top after the emergence of the U.S. bond crisis. The second highest value was US$14; the second was in February-March 2013, after the Cyprus crisis, Bitcoin had risen to US$264; the third was the US-held crisis in September-October 2013.\n\nAfter 2014, Bitcoin's price began to be deeply tied to the price trend of the US dollar. Even BWC Chinese website had boldly speculated in 2017: Americans may be using Bitcoin to rob the wealth of emerging market countries because the United States passed multiple rounds. Quantitative easing policy has put a large amount of dollars into the world. With the withdrawal of quantitative easing from the United States, in the context of the recent weakening of the US dollar, the United States hopes that the US dollar can return to the US market to make up for the liquidity pressure of the US dollar.\n\nIn addition to being affected by the dollar's trend on the price of Bitcoin, according to a survey conducted by Bloomberg in 2017, the current Bitcoin market has about 1,000 \"whales\" (top-level super gamers holding a large number of Bitcoins) controlling 40% of the current Bitcoin market. Bitcoin in circulation, these \"whales\" constitute a group in the global bitcoin market has the supremacy of control.\n\nIn an interview with Bloomberg, digital currency fund managers also admitted that some foundations buy some bitcoins directly from other holders rather than buying them through the open market, so that the purpose is not to affect price fluctuations. \"These super players usually like to cooperate with each other. We all know each other who we are. We help each other, share interests, and make money together.\"\n\nIn the process of bitcoin depriving from the value of the dark network, in January 2016, the Dark Road Silk Road store was stopped for technical reasons, and the value of Bitcoin only fluctuates slightly. According to CNBC's data, in October 2017: Bitcoin's digital assets investment fund has rapidly grown to 124.\n\nAlong with the financial marketization of Bitcoin, bitcoin prices also started to rise frequently after 2016. In general, Darknet has made bitcoin, and Bitcoin has indirect achievements of darknet, even if the two are separated, the bit The currency is still using the proof of value as the \"prosperity\" platform of Darknet.\n\nJust because bitcoin is a witness to the evolution of the dark world, we cannot judge its nature with morality. But as it grows, each of us is involved in more or less accomplice in this dark feast. .\n\nOf course, even if we do not have Bitcoin, even if we do not participate, under this distorted rule, Darknet will grow in the same way as a “benefit maximization”, but we choose to see or not.\n\nBitcoin after the financial marketization did not cease to belong to it, because - Thomas Jefferson, author of the United States \"Declaration of Independence\" once said:\n\n\"If the U.S. people eventually let private banks control the country's currency issuance, then these banks first used inflation and then deflation to deprive the people of their property until one morning when their children woke up they lost. His own homes and lands that his parents had pioneered.\"\nWhile Bitcoin is being heavily manipulated, Bitcoin has only changed the plunder of a kind of wealth from the Darknet to the financial world. Just faced with this turbulent wealth event, who would only like to be a guest?",
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      "body": "**Coins mentioned in post:**\n\nCoin | | Price (USD) | 📈 24h | 📈 7d\n- | - | - | - | -\n**BCH** | Bitcoin Cash | 1776.520$ | _16.65%_ | _24.25%_\n**BTC** | Bitcoin | 9940.140$ | _2.01%_ | _5.63%_\n**EOS** | EOS | 17.500$ | _-1.92%_ | _-12.05%_\n**ETH** | Ethereum | 827.407$ | _4.6%_ | _20.08%_",
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      "title": "Long-term investment follows the value, short-term investment embraces the bubble",
      "body": "Chapter 0 Introduction\n\nIn the field of digital currency and regional chain asset investment, I have always insisted on the strategy of value investing. However, following the super-big bull market, after taking countless opportunity costs, I began to think about investment bubbles.\n\n(This article is a question from my little circle, with slight deletions and changes, share it. Recently I have read less, haven't accumulated, I can't think of any good material to write)\n\n\n\n Chapter 1 Long-term investment value of digital currency\n\nLong-term investment mainly invests in the value direction of this field.\n\nIt can basically be assumed that bitcoin and blockchain are a human technological advancement, otherwise there is no need for long-term investment.\n\nBut the direction of progress is meaningless and there is a lot of noise.\n\nFor example, the domain name .com of the Internet has always been the mainstream, and the small suffix is ​​not enough. It is all about the world of .com. As a long-term investment, we must determine the most reliable direction.\n\nFrom the perspective of subdivision, the digital currency and blockchain are mainly divided into two areas, namely digital currency and blockchain assets.\n\nDigital currency mainly refers to the products that are targeted at becoming a currency, such as bitcoin, bit cash, and some anonymous digital currencies.\n\nBlockchain assets are mainly based on the use of blockchain technology to implement certain subdivided domain functions. For example, to centralize stored tokens, Ethereum on Ethereum is often categorized as this field, mainly for the realization of intelligent contract tokens.\n\nDigital currency is indeed a level of human civilization. Protecting private property through mathematics is something that humanity needs. Therefore, if I make long-term investments, I will certainly bet this category, and I will focus on this category.\n\nIn the digital currency, the more subdivided areas are divided into POW currency and POS currency. The POW workload proves to be mining, and the POS is the equity certificate, which means that the number of coins is the final figure. POW currency encourages market competition and should be more investment value.\n\nChapter 2 Resource tokens on the public chain of protocols\n\nBlockchain assets need to be more careful, because it's not very clear which functions require a blockchain and which functions don't require a blockchain. Personally, I am a conservative investor. I have not put a heavy bet on blockchain assets.\n\nHowever, the concept of blockchain assets has indeed begun to gain roots in people's hearts and they are sure to be detained. The direction of the most secure and profitable investment block chain assets should be to invest in those underlying resources, such as resource tokens of the public chain of agreements. Ethereum, for example, is a protocol-like public chain, and all smart contracts that run on it need Ethereum.\n\nFor product category blockchain assets, I personally think that we should adopt a more conservative strategy. It's really hard to tell because the product really needs a blockchain, and it's even harder to see.\n\nI have invested a total of four kinds of coins BTC, BCH, ETH and EOS. The first two belong to the digital currency, and the latter two are judged as block chain protocol public chain resource tokens.\n\n\n\n Chapter 3 Short-term investments should embrace the bubble\n\nWe don't need to worry about the bubble first. There is no doubt that the right hug bubble benefits, and we should not first deny it morally.\n\nThe current bubble is blockchain product tokens. As you look at the SGD on the platform every day, it is a baffling coin. Moving some of the activities in other areas to the blockchain becomes a product.\n\nI myself do not dare to charge this kind of product currency. At present, my knowledge is not enough. I am just thinking positively. I think the following is worth learning from.\n\nThe first such product logically must use blockchain technology, which means that using a blockchain is more advantageous than not using it.\n\nThe second is that this kind of product must be a centralized company operation. The kind of decentralization that is stressed out, it is best not to touch, the life cycle of the product depends on the market, and the blockchain product without the market foundation will be At present, this kind of competition is lost.\n\nThe third is to look at the operational capabilities of this centralized company or team. This is consistent with the traditional logic of investing in a company. You have to vote for the right person.\n\nThe first two points are definitive answers. But the third point is purely subjective. This requires an in-depth investigation of project parties and a deep understanding of human nature.\n\nMarketing ability is the most important observation point for embracing the bubble. The marketing of digital currency and blockchain has come for the king.\n\n\n\n Chapter 4 Conclusion\n\nHow to embrace the bubble is really a question from a university. If you can't do it, you must lose money.",
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      "body": ">  the stock price fell by 6.8% on monday with a market value of $36.7 billion.\n\n![](https://steemitimages.com/0x0/https://steemitimages.com/DQmebMtRTpNPbdNLeYqqtrsCMxwVeGYs58ANS41YZ1dXVJg/mondays.jpeg)",
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      "author": "linuxprobe007",
      "permlink": "if-facebook-is-built-on-a-blockchain-network-will-50-million-users-still-leak-information",
      "title": "If Facebook is built on a blockchain network, will 50 million users still leak information?",
      "body": "![cbaeef47b9a9eb4d474e38483d39b1e5.jpg](https://steemitimages.com/DQmV6bCPxNKcBHtwX7Ch3M4bwmwYMQke7QFm5ZMZ9y2AXdX/cbaeef47b9a9eb4d474e38483d39b1e5.jpg)\n\nTraditional centralized database is not secure\nThe traditional centralized database is guaranteed by the service or product provider for its data security.\nFor example, Facebook is responsible for all security on Facebook.com. However, just today, Facebook, the world’s largest social networking company, was exposed by a data scandal. Its 50 million user data data was used illegally by third-party data analysis companies. The stock price fell by 6.8% on Monday with a market value of $36.7 billion.\n\nWhy is it dangerous to centralize the database?\nFirst, the centralized database is likely to be attacked.\nIf the centralized database contains some sensitive information, it may be attacked. After successful hacking, hackers will get a lot of important sensitive information.\nAlthough the distributed network database will also be attacked, the risk/reward rate of attacking the distributed database is far lower than that of the centralized database. Hackers are more difficult to attack than centralized databases.\n\n\nSecond, centralized databases have security risks.\nYou don't know if the centralized database has internal ghosts, or the vendor uses your data to deal with you. Maybe, you trust your supplier, but no one can guarantee that there will be no leakage, ensure that your data is 100% safe, and that service providers will not abuse your information. Isn't it?\nThe Facebook data scandal, for example, was his third-party company, Cambridge Analytica, who violated Facebook's rules and used 50 million users' personal data to create archives and targeted promotions for these people during the election.\n\nBlockchain security features\nThe blockchain uses a decentralized database and uses hashing and algorithms to ensure data security, bringing a whole new paradigm to network security.\nDecentralization means that no party needs to be responsible for security. Security is created collectively in the network. Security is jointly granted by participants.\nHashing and algorithms allow users to use the process without trusting conditions, without having to endorse it, without trusting any company, trusting anyone, trusting any third party, and code is the law. You only have to believe in the mathematical and computational principles of blockchain construction. Of course, this seems very avant-garde, but it brings new possibilities.\n\nWhy is the blockchain database more secure?\nThe blockchain creates a huge redundant network, and the entire network remains secure regardless of whether or not a few nodes in the network are shut down.\nHowever, we must have enough nodes to protect the network, otherwise it will increase the risk of attack by 51%.\nFor hackers, getting a password or private key is very difficult in a decentralized network.\n\n\nIf the Facebook social network is based on blockchain network construction and the data analysis algorithm is also based on blockchain design, then the data will be more secure without the need of a third party. The code is the law and expects the security features of the blockchain to shine in the future.",
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      "body": "What are your instincts when you hear the word \"blockchain\"?\nWhat do you think of?\nHow do you define the blockchain?\n\nIn the beginning, my understanding was that blockchain was developed from bitcoin technology, distributed accounting, and data storage technology. Blockchain contains a variety of cryptocurrencies, various public chains, private chains, alliance chains, and various kinds of certificates.\n\nHere is a keyword - distributed.\nHowever, distributed computing and storage are not new technologies. It has been many years ago. Distributed computing communicates with each computer in the computer network and divides the problems into smaller parts and processes them separately to achieve the purpose of improving performance.\n\nBitcoin, on the other hand, not only distributes billing to computers around the world, but more importantly, it does not have a central server! A network of numerous computers (miners) does not rely on a central server to centralize data processing. Decentralized ledger technology makes bitcoin a digital cash system.\n\nDecentralization is the blockchain innovation!\nThe following figure illustrates the differences between centralized, distributed and decentralized (from top to bottom).\n\n![630a1436d5c960e5e6f595befdaeb92f.png]\n(https://steemitimages.com/DQmSpCPjY841yFbkX1hkXPv2HzFsfxeFWXnD7AfR7fzzgVp/630a1436d5c960e5e6f595befdaeb92f.png)\n\n\nAlthough distributed and distributed network computers are scattered in different places, their main differences are: whether there is a central server and there is no centralized control center.\n\nWhat is the difference between centralized, distributed and decentralized?\nIn a centralized network, all calculations are processed on a specific computer/server. For example, Web server.\nDistributed networks, such as a large hosting company, are good examples. They serve customers around the world. All traffic is not calculated by a single server like a centralized network. But all decisions are still maintained and controlled by the hosting company.\nDecentralized network with no central server and control center. Instead, it is up to the network to make its own decisions and control itself.\n\nWhat are the advantages of using a decentralized network?\nDecentralized networks are more reliable than centralized ones because without a central server, hackers are prevented from attacking the central server.\nThe decentralized model is more democratic than the centralized method. There is no central management organization and the users of the system control themselves.\n\nWhat are the disadvantages of using a decentralized network?\nCompared to centralized, the decentralized system is more costly to operate and maintain.\nDecentralized networks, which rely on users, developers, and politicians to reach a common agreement, can sometimes be time consuming and inefficient.\nAlthough the decentralized network is more secure and reliable, the implementation of decentralized computing is currently more costly and inefficient.\n\n\n\nI have limited English and use Google for translation.\nWorking hard in learning English",
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