CITIC Bank "blocked" Bitcoin, but it was not that simple.

The transaction of virtual currency such as Bitcoin is the hottest investment in recent years. There is a self-proclaimed "coin circle old leek" Mr. Bao in Weibo. On 20 13, he "all bet" on bitcoin, borrowed usury, and put all his fortune into the bitcoin trading market. A few years later, Mr. Bao realized his finances and went abroad to live.

Today, Mr. Bao bought a manor in the south of Silicon Valley, worth $100000, and drove a Rolls Royce with 12 horsepower. However, the famous domestic CITIC Bank has introduced a new measure, the purpose of which is to "block" virtual currency transactions such as Bitcoin. Why did CITIC Bank do this? Can this cut off virtual currency transactions such as Bitcoin?

Why does CITIC "block" virtual currency transactions such as Bitcoin? The reason is that Bitcoin is not an investment, but a social movement. What is the intrinsic motivation for investing in stocks? It is the development of social productive forces. From traditional manufacturing to emerging technology industries, the productive forces are constantly improving.

Virtual currencies such as bitcoin are like lottery tickets. It has no use value, and it is value in itself. It is a financial populist movement brought about by the development of science and technology. If stocks "worship Zhenhua", then virtual currencies such as Bitcoin are "understanding kings". There will always be uneven distribution of wealth in social development, and virtual currency is a large-scale plunder of wealth.

This plunder will be carried out in a more civilized way, with social periodicity. It is a great temptation for petty bourgeoisie families and an opportunity for the poor to turn over. The probability is far greater than the lottery, and it will even become a "game beater" of big capital. In the past, big capital used the welfare system to appease migrant workers; In the future, use virtual currency such as Bitcoin to appease migrant workers.

Many people only heard about the transactions of virtual currencies such as Bitcoin on the consulting platform, but such so-called scientific articles did not explain the transaction process in detail. In fact, the transaction of virtual currency also needs an exchange, and it needs to open an account similar to stock investment.

After downloading the special transaction software, you need to bind the bank card to create a legal tender wallet, and then use the bank card to buy virtual currency. Then, transfer the purchased virtual currency from the legal tender wallet to the "coin" wallet; Finally, freely exchange thousands of other virtual currencies on the "coin" wallet.

Although CITIC said it would ban bank card numbers, it had little effect. Because in addition to using bank cards, you can also use conventional online payment tools, such as Alipay; Also, buying and selling virtual currency by bank card is a peer-to-peer personal transfer, which is difficult to define, and there is no third party involved as a guarantee in the process.