The series of digital currency in the eyes of economists
eurocrowdfunding, the first blockchain crowdfunding platform in China, uses the mode of mortgaging physical assets or equity to obtain funds and issue tokens to users, which means that they can trade freely in the market. Tokens are regarded as asset certificates.
In the morning of March 9, 2014 Beijing time, Jared Cohen, creative director of Google, said at the Sxsw conference this week that digital cryptocurrency similar to bitcoin will exist for a long time. Cohen and Eric Schmidt, Google's chairman, promoted their co-author book the new digital age at the conference
in the past few months, bitcoin prices have fluctuated significantly. At the same time, this digital currency is strongly supported by the hacker community and is closely related to some black markets. Cohen believes that bitcoin has its value, but it will bring risks if it is not regulated
mt.gox lost $400 million worth of bitcoin, which shakes the confidence of the outside world in bitcoin. Some critics even point out that "bitcoin is dead". However, Cohen's statement is a strong support for cryptocurrency technologies such as bitcoin
bitcoin can exist only because both sides of the transaction recognize its transaction value, so anyone can independently design a virtual currency. Ars technica, for example, announced this week that it would create its own cryptocurrency, arscoin
Cohen believes that the main threat to digital cryptocurrency is how to keep it safely, and the loss of mt.gox bitcoin once again highlights this problem. Recently, the US Congress has also launched a debate on digital cryptocurrency. Some members believe that the supervision of the bitcoin should be strengthened to avoid risks. Another congressman, Jared polis, believes that the US dollar has similar defects to bitcoin, so if bitcoin is banned, then the US dollar note should also be banned
digital currency has a short history in the world, but it develops rapidly. Many countries are trying to sum up experiences and lessons through official or non-governmental efforts
take Europe as an example. In 2015, the transaction volume of digital currency in relevant European countries and regions exceeded 1 billion euro. Although the total amount is not large, it is fierce
it was reported on January 2, 2016 that the Bank of England is also considering whether to issue digital currency by the central bank, and the research work is still in the initial stage. Andy Haldane, chief economist of the Bank of England, said that switching to digital currency would be "a great technological leap forward"
DNB, Norway's largest bank, has already cancelled the cash counter service. The bank called on the government to stop using paper money completely. According to the data, only 6% of Norwegians still use cash every day, most of them the elderly. The social cost of cash payment is twice that of electronic money payment. In one day's life, the payment of bus, shopping, payment, refueling, and even parking is completed by swiping the card. Only when the children's school holds a charity sale can the banknotes be used
compared with paper money, digital currency has obvious advantages, which can not only save the cost of issuance and circulation, but also improve the efficiency of transaction or investment, and enhance the convenience and transparency of economic transaction activities. The issue of digital currency by the central bank also ensures the continuity of financial policy and the integrity of monetary policy, and also ensures the security of monetary transactions
although the issuing method of digital currency is still under study, paper currency has been regarded as "the currency of the previous generation" by some professionals, and it is the general trend to be replaced by new technologies and procts. Due to China's large population and volume, the timetable for issuing digital currency is still uncertain. It is predicted that digital currency and cash will be in parallel and graally replaced for quite a long time. When the era of digital currency really comes, people will carry less and less cash, travel more and more safe, poverty alleviation more and more accurate, corruption more and more difficult to escape, and thieves more and more difficult
Today's society is a society of rapid development. Many people like to buy things on the Internet. At the same time, the payment method has also changed greatly. This time, Shanghai began to issue digital currency, which also aroused heated discussion among netizens on the Internet. In fact, digital currency is of great benefit to the common people
at the same time, the central bank's digital currency belongs to legal currency, which is the same as cash. We now set up various payment category B in private Payment institutions or platforms, but the central bank's digital currency will not have this situation. As long as we can use electronic currency transactions, we can accept the central bank's digital currency, From this, we can see that its coverage is very wide. At the same time, from the perspective of legal power, the efficiency and security effect of digital currency is the best. Because it is endorsed by the state, it will not be stolen. At the same time, its settlement method is different from other software. At the same time, the central bank's digital currency will not go bankrupt, unlike other private apps
the "trace" and "traceability" of digital currency can improve the convenience and transparency of economic transactions. Economist Yu Fenghui said that money laundering, tax evasion and other criminal activities are expected to decrease. At the same time, with the application of blockchain technology, a unified account book will be established nationwide or even worldwide, so that every sum of money can be traced back. Tax evasion and money laundering will be within the scope of supervision, and it is even possible to realize automatic tax dection on the card machine
in the future, the digital currency launched by the central bank will become the mainstream, and the digital currencies such as lightcoin, bitcoin and decent may be marginalized.
unlike virtual currencies such as bitcoin, central bank digital currency is a legal currency issued by the central bank, encrypted and supported by national credit. The media mentioned that at present, the research and development of the prototype system of legal digital currency is in progress. As for when to launch China's legal digital currency, Yao Qian said that there is no timetable Netease)
it is certain that the advent of the central bank's version of digital currency will have a great impact on cryptocurrencies such as special currency and Leyte currency. In the future, the form of these digital currencies may graally evolve, just like the tokens launched by the European crowdfunding platform, as a kind of asset certificate.
Currency digitization has been realized for a long time. The so-called digital currency is cash digitization, which can only be used for M0. Because the large amount of funds can be easily carried, there is no need to deposit in the bank, so the large-scale outflow of bank funds is easy to achieve
today's digital currencies, such as bitcoin, litecoin, ppcoin, etc., are created, issued and circulated by means of check sum cryptography. It is characterized by the use of P2P peer-to-peer network technology to issue, manage and circulate currency, which theoretically avoids bureaucratic approval and endows everyone with the right to issue currency. Digital gold currency is an electronic currency named after the weight of gold. The typical unit of measurement for this currency is the Troy gram or troy ounce, although sometimes gold and the Dinar are also used as units. The capital source of digital gold currency is gold storage without quota or allocation quota. The relevant person in charge of the central bank said that the digital currency research team of the people's Bank of China should establish a more effective organizational guarantee mechanism, further clarify the strategic objectives of the central bank's issuance of digital currency, do a good job in tackling technical problems, study the multi scenario application of digital currency, and strive to launch the digital currency issued by the central bank as soon as possible
Mundell, N. Gregory Mankiw, Paul Krugman, Finn kidland, Vernon Smith, etc< Robert
A.
Mundell, born in October 1932 in Ontario, Canada, won the Nobel Prize in economics in 1999; Optimal currency area theory & quot; He is known as the founder of & quot; The father of the euro< (N.
Gregory
Mankiw & quot;) Born on February 3, 1958, he is a famous American economist. At the age of 29, he became one of the youngest tenured professors in the history of Harvard University. He entered the political arena in 2003 and wrote principles of economics
3. Paul Krugman (Paul
R.
Krugman), Jewish, graated from Yale University, majoring in economics, is an American economist. Paul Krugman is a new generation of free economic school, whose theoretical research fields are trade patterns and regional economic activities. He is currently a professor of economics at Princeton University< Finn Kydland (Finn
E.
Kydland, born on December 1, 1943 near Stavanger, Norway) is a famous Norwegian economist. In September 2018, he visited Peking University and was employed as honorary professor of School of economics of Peking University< 5. Vernon
Lomax
Smith, Jan. 1, 1927 - Professor, School of law and business, Chapman University, California; economist, Center for multidisciplinary studies, George Mason University; member of mocatos center; honorary doctor, National Sun Yat sen University.