The influence of decp digital currency on banks
there are ecological changes in personal consumption, business operation and banking.
Many central bank governors voice the trend of digital currency, bitcoin will not replace other legal currencies in the end. 1. There is no way to regulate bitcoin, which hinders monetary policy. 2. The global circulation of bitcoin can make many criminal organizations launder money with the growing popularity of the Internet, bitcoin has attracted more and more attention, and many big men have begun to build bitcoin platforms, which makes many people have high expectations of bitcoin, and bitcoin has also seen a significant rise. Central bank governors of many countries are talking about the trend of digital currency. Bitcoin will not replace other fiat currencies in the end. The main reason is that the decentralization of bitcoin leads to no government being able to manage and control bitcoin, which makes it easy for bitcoin to become a money laundering tool for many criminals, thus affecting the development of the country, This is also the most direct reason why bitcoin can not obtain legal tender digital currency is a currency that can be controlled by the state or the government. This kind of currency is very different from bitcoin. The state recognizes digital currency, but there is no national recognition of bitcoin, which is the real reason why bitcoin will not replace legal currency in the end
damorro, twilight forest, wetland, Irvine forest, rotal, barren land, rockmodan, western wilderness, Chiji mountain, tirisfa woodland, Silverpine forest, black coast, mogare, Hillsbrad hills, gray Valley, thousand needle stone forest, bleak land, Shizhuo mountain, Yongge forest, ghost land, Miran Island, Secret blood island
65 tin mine low-grade area
Twilight forest, wetland, st and mud swamp, barren land, thorn Valley, altrank mountains, rockmodan, western wilderness, Chiji mountain, alaxi highland, silver pine forest, black coast, Hillsbrad hills, gray Valley, thousand needle stone forest, desolate land, Shizhuo mountain, ghost land, Secret blood island
Bronze Ingot 1 copper ingot + 1 tin ingot = 2 bronze ingot smelting Bronze Ingot requires mining skills (65)
75 silver mine
barren land, sad swamp, twilight forest, wetland, st swamp, barren land, thorn Valley, otalk mountains, lockmodan, western wilderness, Chiji mountain, alaxi highland, hindland, silver pine forest, black coast, Hillsbrad hills, gray Valley, Filas, Thousand needle stone forest, desolate land, stone claw mountain range, tanalis, land of the ghost, secret blood island
Silver Mine covered with mud
125 iron ore
barren land, sad swamp, twilight forest, wetland, st and mud swamp, thorn Valley, otalk mountain range, Arashi highland, sintland, scorching Canyon, Hillsbrad hills, gray Valley, firas, thousand needle stone forest, desolate land, stone claw mountain range, Tanalis
155 gold mines occur in middle and high-grade areas
barren land, curse land, sad swamp, twilight forest, wetland, st and mud swamp, Isala, West plague land, thorn Valley, otalk mountains, alaxi highland, burning plain, cintland, scorching Canyon, East plague land, Hillsbrad hills, gray Valley, firas, fewood forest, thousand needle stone forest, desolate land, Shizhua mountain range, tanalis, Angolo crater, Dongquan Valley, xilisus
Gold Mine covered with soft mud
ingot 1 iron ingot + 1 coal = 1 ingot smelting ingot requires mining skills (165)
175 there are middle and high grade areas of Mithril vein
barren land, curse land, sad swamp, st mud swamp, Isala, West plague land, thorn Valley, otank mountain range, Alaxi Highlands, burning plains, singland, scorching Canyon, east pestilence, Hillsbrad hills, firas, feywood forest, thousand needle stone forest, bleak land, stone claw mountain range, tanalis, Angolo crater, winter spring valley, silysus
mud covered secret silver mine
230 true silver ore
barren land, curse land, sadness swamp, st swamp, Isala, Pestilence of the west, thorn Valley, altrank mountains, alaxi Highlands, burning plains, cintland, scorching Canyon, pestilence of the East, Filas, feywood forest, thousand needle stone forest, desolate land, Shizhuo mountains, tanalis, Angolo crater, winter spring valley, hilisus
true silver covered by soft mud
230 black iron vein
burning plains, scorching Canyon, Blackstone abyss
250 silver ore veins
curse land, West plague land, burning plain, sintland, scorching Canyon, East plague land, Filas, feywood forest, tanalis, Angolo crater, winter spring valley, sirisus
silver ore covered with soft mud
275 Silver ore of fuser
Isala, West plague land, burning plain, East plague land, Angolo crater, Dongquan Valley, Hellfire Peninsula
fuser silver deposit covered by soft mud
source of black iron ore: Burning Plain, scorching Canyon, Blackstone abyss, heart of molten fire
learn to smelt black iron ingot: learn it in the hall of Seven Sages in Blackstone abyss (the second NPC on the right hand). Materials required: 20 gold ingots, 10 real silver ingots, 2 Ruby; You need the Blackstone abyss key - the dark furnace key (task - the legacy of black iron) to turn on and off. The key is to go through the Blackstone bar and ask the bar owner Prag to buy 6 bottles of black iron wine cups for NPC or complete the task of enchantment NPC<
300-330
mainly mined moxa veins (Hellfire Peninsula, zanga swamp)
330-355
mainly mined moxa veins and refined gold veins (nagland)
355-375
mainly mined moxa veins and refined gold veins (shadow Moon Valley, tyroca forest)
distribution of world of Warcraft ore occurrences
black coast: copper, tin, copper, copper, copper, copper, copper, copper, copper, copper, copper, copper, copper, copper, tin, copper, copper, copper, copper, copper, copper, copper, copper, copper, tin, copper, copper, copper, copper, copper Silver mine
damolo: Copper Mine
lota: Copper Mine
locomodan: copper mine, tin mine
mogaorei: Copper Mine
wetland: copper mine, tin mine, silver mine, iron mine
barren land: copper mine, tin mine, silver mine, iron mine
Irvine forest: Copper Mine
Shizhuo mountain: copper mine, tin mine, silver mine, iron mine, Mitsui
western wilderness: copper mine Tin, silver
ash Valley: copper, tin, silver, iron
chijishan: copper, tin
thousand needle Stone Forest: copper, tin, silver, iron, silver
Twilight forest: copper, tin, iron, gold
desolate place: copper, tin, silver, iron, silver Gold mine
tirisfalin: Copper Mine
st mud swamp: copper mine, tin mine, iron mine, gold mine, silver mine
Yinsong forest: copper mine, tin mine, silver mine
tanalis: Iron Mine, gold mine, silver mine, silver mine
Hillsbrad hills: copper mine, tin mine, silver mine, iron mine
Filas: Iron Mine, gold mine, silver mine, silver mine Selin
altrank Mountains: copper, tin, iron ore, gold, Mithril
Isala: gold, Mithril, true silver, Selin, Fortier silver
arahi highlands: tin, silver, iron ore, Mithril
fewood forest: gold, Mithril, true silver, Selin
thorn Valley: tin, silver, iron ore, gold, Mithril True silver
angoro crater: gold, Mithril, true silver, sehril, fuhril
barren land: silver, iron ore, gold, Mithril, true silver
sirisus: Mithril, true silver, sehril, fuhril
sad swamp: iron, Mithril
Dongquan Valley: gold, Mithril, true silver, sehril, fuhril
scorching Canyon: iron, Mithril, sehril, fuhril Black iron
tedasher: there are no ore spots at present
sintland: silver mine, iron mine, gold mine, secret silver, true silver, Se silver
moonlight woodland: there are no ore spots at present
curse land: gold mine, secret Silver, true silver, Se silver
Burning Plain: gold mine, secret silver, true silver, black iron, Se silver, Fu se silver
West plague land: gold mine, secret silver, true silver, Se silver Fuser silver
East plague land: gold mine, secret silver, true silver, Se silver, fuser Silver
Digital currency is a double-edged sword. On the one hand, the blockchain technology it relies on has been decentralized and can be used in other fields besides digital currency , which is one of the reasons why bitcoin is popular; On the other hand, if digital currency is widely used by the public as a kind of currency, it will have a huge impact on the effectiveness of monetary policy, financial infrastructure, financial market, financial stability and so on. Specific Wu Xiaoxia:
1. Impact on monetary policy
if digital currency is widely accepted and can play the role of currency, it will weaken the effectiveness of monetary policy and bring difficulties to policy-making
because digital currency issuers are usually unregulated third parties, money is created outside the banking system, and the amount of circulation depends entirely on the wishes of the issuers, which will lead to the instability of money supply. In addition, the authorities are unable to monitor the issuance and circulation of digital currency, which will lead to the inability to accurately judge the economic operation and bring trouble to policy-making, At the same time, it will weaken the effectiveness of policy transmission and implementation
2. Impact on financial infrastructure. The use of distributed ledgers also poses challenges to trading, clearing and settlement, as it promotes the disintermediation of traditional service providers in different markets and infrastructures. These changes may have potential impacts on market infrastructure other than retail payment systems, such as large payment systems, securities settlement systems or trading databases
3. The impact on financial intermediation and financial market in a broad sense. As a financial intermediary, banks perform the ties of acting supervisors and supervise borrowers on behalf of depositors
generally, banks also carry out liquidity and maturity conversion business to realize the financing from depositors to borrowers. If digital currency and distributed ledger are widely used, any subsequent disintermediation may have an impact on savings or credit evaluation mechanisms
4. The impact of security risks and financial stability
assuming that digital currency is recognized by the public, its use increases significantly and replaces legal currency to a certain extent, negative events such as network attacks on user terminals related to digital currency will lead to currency fluctuations, which will have an impact on the financial order and the real economy
in addition, the virtual currency based on blockchain technology is usually held by a few people at the beginning. For example, the first purchase of bitcoin in May 2010 was $25 pizza purchased by 10000 BTC, and the price of each bitcoin rose to $1200 in more than three years by the end of 2013
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extended materials
Amazon will launch digital currency project in Mexico. Amazon is recruiting software development managers for digital and emerging payments (DEP) to develop new payment procts that will enable customers to convert cash into digital currency
the digital and emerging payments sector intends to launch the proct in Mexico first. The follow-up will be extended to Brazil and India. It is reported that the digital currency project will completely focus on payment services in emerging markets
e-cash flow still flows through the central bank and financial institutions to enterprises and indivials, which is identical with paper money in terms of money creation channels, circulation links and functions, and does not break away from the scope of traditional monetary policy regulation. The main function of e-cash is to facilitate transaction payment
considering that the development of non cash payment methods such as third-party payment has greatly facilitated transaction payment in recent years, the impact of e-cash on money transaction demand is limited, and the overall impact on monetary policy is not significant. The extent to which e-cash is accepted by the public depends on its convenience and security.