Welcome to Magic World, this is about bitcoin.
'Can you sing that song from the Disney dwarf film' Snow White 'when the seven dwarfs are playing?' Park Yong-chi (not his real name) was exposed at the other end of the videophone when he saw the first financial reporter who was suddenly stuck in the question. To a big boy's Korean smile, and then sing up, 'We dig dig dig dig dig dig dig in our mine the whole day through,' To dig dig dig dig dig dig is what we like to do. ... (The effect is: 'We dig, dig, dig, dig, dig, dig, dig, dig, dig, dig, dug as we like.) Pu Enzhi said,' This song is simply a description of our life. Then laughed again.
Because of his name, Park is often considered a Korean, but in fact he is a Korean student from Jilin, China, where he has been majoring in information technology at a university in Seoul for nearly three years. Apart from class, Miner 'is perhaps one of his few favorite hobbies on weekdays, and he does not dig in to mine but a' gold mine 'and a Bitcoin mine.
'I just took this as a hobby of my professional courses, and I do not expect how much to come out, not to mention my equipment is too small, electricity is too expensive, simply can not get how much to come.' Park 恩志 told the first According to him, he understands that there are a large number of local miners in Korea. Although not necessarily comparable to some factories in China, they should be able to compete with their counterparts in Japan, another neighboring country.
Because China's production is too high (accounting for 70% of the world's total), it is obviously no match for comparison. However, comparing the "culture" of bitcoin in the two countries of South Korea and Japan, some The conclusion can be quite interesting, "Park said.
It is noteworthy that the Japanese government has become cautious about the bitcoin's position and seems to move closer to China and South Korea. Last week, Japan's Finance Minister Taro Aso said that bitcoin has not been proved to be a credible currency, Need to be more cautious to observe them.After France's Finance Minister Bruno Le Mer said France will be next year's G20 summit will propose to discuss the virtual currency such as Bitcoin regulatory issues.
Armaments: Japanese 'fans' love DIY?
Yongsan Electronic Commerce District, along Han River Road in Yongsan-gu, Seoul, is the largest integrated e-commerce block in Korea with a total of 10 shopping streets where Korea is itself a powerhouse of electronics and technology. The status of Longshan e-commerce block can be imagined Know, "Pu En-chih said that the reference to Longshan is mainly because the area has a different meaning in the eyes of the 'miners' - many people speculate that there may be the highest concentration of mining machines in Korea.
'Mining machine' is actually used to get bitcoin computer, generally equipped with special mining chips, graphics damage is extremely, but also very expensive. With the emergence of 'mining heat', 'mining machine 'The cost is also rising.' Mainly the graphics card prices, I am such a foreign student can not have the financial strength to purchase large quantities, but the observation does not seem to stop the enthusiasm of others. 'Pu Enzhi said.
Earlier local media reports, part of the Longshan e-commerce block rental shops are used as bitcoin 'mining' purposes, and even some stores have more than hundreds of 'mining machine' started at the same time, leading to electricity consumption in the area Surge, and even air-conditioning such large electrical appliances will start tripping the phenomenon of start-up work, security risks are great Finally, the electronics market management units have to face it to be bound, but it is not completely banned.
Compared to the situation of Korean counterparts, Japan's 'mining' enthusiasts to show the creativity, is full of 'Japanese small fresh' full of DIY fun.
According to local media reports in Japan, enthusiasts think the existing 'mining' approach is too environmentally unfriendly, so DIY out of manpower-generating 'mining machine', that is, by continuously shaking the power pole for an hour, you can get the equivalent of 0.002 Monacoin, the Japanese yen's virtual currency, appears to the inventor to be totally ignorant of efficiency issues and only considers environmental protection and exercise more meaningful.
If DIY mining machine is more comedy, Japan's 'consortia' feature in 'mining' is even more obvious.
In September this year, the Japanese Internet giant GMO Internet Group announced that it would invest 320 million U.S. dollars (about 2.1 billion yuan) into bitcoin 'mining' and plans to independently develop the chip to overturn the mining field.The company CEO also claimed that, That will be a new generation of mine machines.
It is not hard to see that the "arms race" in 'mining machine' has, to a certain extent, started.
Spell 'Financial Technology': 'Mrs. Watanabe' are more tide
In September, Chinese regulators closed down the domestic virtual currency exchange and banned the trading of bitcoin in RMB, and since then trading volume of the yen and won has reached nearly 60% of the world total, so it can be considered that the ROK Competitions between investors from both countries in 'finance and technology' have already started.
Mrs. Watanabe refers to Japanese housewives, like the "Aunt China," both renowned for their scent in the market, who use their savings, their husbands' income, or family funds to keep the Bank of Japan perennial low interest rates , The capital appreciation will be realized by investing overseas high-yielding varieties and foreign exchange transactions.
This time, Mrs. Watanabe fought again and again and they spotted bitcoin.
'Japanese investors have seen a dramatic increase in active bitcoin transactions this year, a group that originally favored foreign exchange and now also deploy some virtual currency.' "A number of Japanese blockchain companies interviewed told The first financial reporter.
Since the beginning of this year, the price of bitcoin has risen nearly 20 times. In particular, the payment application of bitcoin in Japan's daily life has also risen sharply. This has boosted the demand for local bitcoin and soured the always-keen 'Watanabe' Lee's chance.
In fact, in many shopping malls in Japan, you can pay with a bitcoin brush, and the mall is full of slogans that prompt you to "pay in bitcoin." Even walking on the streets of Tokyo, you can often see the largest trading platform in Japan The bitFlyer advertised vehicle was driving around.
'Big trading platforms such as bitFlyer have also gained Japanese investment in influential financial institutions such as Sumitomo Mitsui, Mizuho and Tokyo Mitsubishi UFJ, three major financial groups in Japan, giving Japanese confidence in Bitcoin transactions.' 'Token news Japan Tainan, a researcher on the First Financial said.
After Japan's Daihatsu acts as a shareholder investing in the exchange, individual investors can directly bind their bank accounts for trading. Big banks have obvious advantages in terms of KYC (that is, full understanding of your clients, including their account names and background checks) as Investors provided confidence and protection.
In December, a delegation consisting of people from China's block lore circle went to Japan for study, and another member of the delegation told reporters that the Japanese generally seldom talked about their own Bitcoin transactions in public However, it is clear that due to policy support, Japan's licensed exchanges are growing rapidly. One background that can not be ignored is that the Bank of Japan has a high expectation of building a cashless society. The Japanese government has also promulgated a system of digital currencies Related tax policies.
Bitcoin According to the latest statistics from Japan Information Network, in November this year, the transaction volume of bitcoin in Japan exceeded 12 million, accounting for about 96 billion U.S. dollars at that time, of which bitFlyer accounted for more than 60% of the transaction volume in Japan.
According to statistics from nearly 24 hours of information consulting provider Coinhills, Japan is currently the world's largest bitcoin trading volume, accounting for 46% of global trading volume, while South Korea ranks third, accounting for about 13%.
Regulatory Supervision: South Korea tougher than Japan
Although South Korea and Japan are separated very closely, the tightness of policies between the two countries in terms of bitcoin regulation is quite different. From the current indications, Korea is far more serious than Japan in terms of severity.
Despite the current volume of transactions that have taken the lead, the development of bitcoin in Japan is not easy, and in 2014 Mt. Gox, the bitcoin exchange that once took more than 70% of the world's bitcoins, saw its big 'oolong': its own Of the 100,000 Bitcoin and the user 750,000 bitcoin were stolen, then declared bankruptcy, making Japanese investors once bitterly frustrated Bitcoin.
Until April of this year, as Japanese government implemented a series of regulatory policies on the encryption of digital currencies, Japanese investors believed that they had the regulatory guarantee and started to inflow in large numbers.
Japanese blockchain technology companies QRC researcher Yoshiaki Kobayashi told First Financial, Japan's regulation of virtual currency is very strict.On the one hand, the Japanese government clear virtual currency transactions by the Japan Financial Services Agency, in Japan to apply for the establishment of an exchange Need to undergo a rigorous qualification review, and the exchange of new digital assets on the line also need to be approved by the Financial Services Agency.At the same time, the Japanese exchange for auditing the qualifications of investors is also very strict.
Kobayashi Naohito and reporters filed an 'episode' when one of her Taiwanese colleagues missed the last-minute 'best buy' of the bitcoin's callback last week due to the strict KYC system of the Japanese exchange platform when he first arrived in Japan The timing is up. "He registered his bitFlyer account on December 14 and so far has not fully passed the KYC, so he watched the bitcoin fall by a third and rose again. Encountered a lot of audit, of which the most important thing is that I have to receive a registered letter from bitFlyer until December 25 did not show the letter 'has been issued', but today (27) have not received.
Relevant groups from the Chinese blockchain went to Japan to study and found that although the transaction of Bitcoin is free, the regulatory system behind it is also very strict.
Similar to Japan's aggressive advertising on buses, a South Korean exchange called Coinone also advertises in buses and advertises 'Bitcoin trading starts with the safest Coinone.' In Seoul's Subway station can also see the ads of the trading platform.
However, this induced exchange ads will be gradually narrowed and terminated after December 22, as South Korea's blockchain, the virtual monetary self-regulatory organization 'South Korea Blockchain Association' released in mid-month According to the industry regulation, the virtual currency exchange in Korea can promote the safety of exchanges, but can not release advertisements that induce investors to purchase digital assets, and may not organize promotion activities such as 'joining and sending Bitcoin.'
In addition to curbing advertising, South Korea's Ministry of Finance plans to launch this month the "toughest" measure in the history of South Korea, which is considered Bitcoin. The South Korean government will start to amend the law and submit it to the parliament. "Park En-jih told Reporter. Once these policies are implemented, many things will now be regarded as illegal.
At the close of the interview, Park Eun-jae remembered that he told reporters that the Chinese song sung by him was "labor song" and that digging for bitcoin was hard work too. And as a 'gift ceremony', the reporter taught a Chinese Proverb - 'Deux précaux valentmieuxqu' une. '(Meaning' always be more careful '), the Chinese phrase is called' Be careful to drive a boat of years. '