Money and value: virtual reflection of reality

B.T. [09, 02, 28]

On February 28, 2009, October 5, 2009 (Beijing time), the earliest recorded bitcoin exchange rate was issued by new liberty standard.

$1 = 1309.03 bitcoin

Its valuation method is PCW × usacw ÷ 12 ÷ N30

(where: PCW = power consumption of fully operational mining computer in one year (1331.5 KWH); usacw = average electricity cost of US residents in the previous year (US $0.1136); 12 = 12 months; N30 = number of bitcoin produced in the past 30 days;)

Since then, BTC has gone from virtual to reality and competed with the modern financial system.

Notes

1.The t-yuan calendar refers to the time ecological calendar, with January 1, 2019 as the first day of t-yuan, and the former as the first day of t-yuan;

2. T index, the whole time ecological evaluation index, which refers to the traceability reliability evaluation of time ecology;

3. The traceability link can be verified by clicking, and the time event record must be open, transparent and verifiable;

4. The information in this paper is carefully verified, and the necessary information must be stored on the chain, and must be recorded permanently;