Price basis of cryptocurrency

1、 Different definitions:

1. virtual currency:

virtual currency refers to non real currency

digital currency is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy

3. Cryptocurrency:

cryptocurrency is a kind of transaction medium that uses cryptography principles to ensure transaction security and control the creation of transaction units

4. Token (token):

a kind of article whose shape and size are similar to currency, but the scope of use is limited and has no currency effect, and its token is the homonym of token in English

1; It can also be said that virtual currency is personalized currency. In another way, it can also be called information currency

2. Digital currency:

is an unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of specific virtual communities

cryptocurrency is based on the decentralized consensus mechanism, which is opposite to the banking and financial system relying on the centralized regulatory system

4. Token (token):

usually needs to be exchanged for money, used in shops, playgrounds, mass transportation and other places, as a voucher to use services and exchange goods

extended data

at present, digital currency is more like an investment proct, because it lacks a strong guarantee agency to maintain its price stability, and its role as a value measure has not yet appeared, so it can not be used as a means of payment. As an investment proct, digital currency cannot develop without trading platform, operating company and investment company

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 except 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 and financial stability

1. Digital money supply:

for example, the supply of bitcoin may be limited (21 million), which is expected to be fully exploited by 2040, but even so, the availability of money will fluctuate with the speed of its entry into the market and the activities of its holders

2, the value of the digital currency: the value of the

digital money market and the expectation of its currency will affect the behavior of traders, choose to participate in a blowout market or short bubbles. p>

3. Negative reports:

any currency will be affected by the public perception, especially digital currency. Even in its heyday, its security, currency value and currency circulation have been questioned

4. Resource integration:

establishing the image of digital currency and building the confidence to defeat traditional currency depend on its integration with new payment system and crowdfunding platform

5. Instry acceptance:

bitcoin and other digital currencies have not been widely accepted by global enterprises, and the impact of placing it in a more important position in enterprises is unknown

6. Key events:

any major event, including regulatory changes, security loopholes, macroeconomic setbacks, may have a serious impact on cryptocurrency

extended data

monetary characteristics:

as a non fully circulating asset, the strong price of digital cryptocurrency must be supported by reserves; The price fluctuation depends on the real-time transaction demand of bitcoin to legal currency

the biggest feature of digital cryptocurrency is that it is global. No matter where you are, of course, the human beings in the Mars bunker outside the earth have no problem. As long as you can log on to the network, you can freely control your own assets within the scope of the global network, which is safe and convenient. The assets in an address can be controlled independently or jointly (multi signature smart contract)

Digital cryptocurrency is a kind of currency that is not issued by legal tender institutions and controlled by the central bank. It is based on the open source code of a group of equations calculated by computers all over the world, and is generated by a large number of calculation processing of computer graphics card and CPU. It uses the design of cryptography to ensure the security of all aspects of currency circulation

development materials:

1. definition of digital currency:

   digital currency is abbreviated as digiccy, which is the abbreviation of "digital currency" in English and the alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy< br />

   

It does not belong to

The general sentence for the crime of pyramid selling is fixed-term imprisonment of not more than five years or criminal detention and a fine; If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than five years and shall also be fined. According to the law,

Article 224-1 of the criminal law of the people's Republic of China requires the participants to obtain the qualification by paying fees or purchasing goods and services in the name of business activities such as selling goods and providing services, and to form a hierarchy according to a certain order

those who directly or indirectly use the number of development personnel as the basis for remuneration or rebate to ince or coerce participants to continue to develop pyramid selling activities that others participate in, defraud property, and disrupt economic and social order shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention and shall also be fined; If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than five years and shall also be fined

extended information:

Article 225 of the criminal law [crime of illegal business operation] "Reply of the Supreme People's Court on how to determine the nature of pyramid selling or disguised pyramid selling with serious circumstances" (adopted at the 1166th meeting of the judicial committee of the Supreme People's Court on March 29, 2001, and announced by the Supreme People's Court of the people's Republic of China on April 10, 2001)

effective from April 18, 2001) stipulates the provisions in the provisions on the prosecution standards for economic crime cases (GF [2001] No. 11 of the Supreme People's Procuratorate and the Ministry of public security on April 18, 2001), the reply of the Supreme People's Procuratorate on how to deal with pyramid selling or pyramid selling in disguised form before April 18, 1998 ([2003] No. 7 of the Supreme People's Procuratorate) and the regulations on the prohibition of pyramid selling

(adopted at the 101st executive meeting of the State Council on August 10, 2005, and implemented since November 1, 2005) on February 28, 2009, the criminal law amendment (VII) was passed, adding the crime of organizing and leading pyramid selling

crime of organizing and leading pyramid schemes - organizing and leading pyramid schemes, in the name of selling goods and providing services, requires the participants to pay fees or purchase goods and services to obtain the qualification, and forms a hierarchy according to a certain order, and directly or indirectly uses the number of development personnel as the basis of remuneration or rebate, to lure and encourage the participants to participate in pyramid schemes Coerce participants to continue to develop others to participate

amendment (7) of the criminal law adds an article after article 224 of the criminal law as one of article 224: "in the name of business activities such as selling goods and providing services, organizations and leaders require participants to obtain the qualification to join by paying fees or purchasing goods and services, and form a hierarchy according to a certain order

those who directly or indirectly use the number of development personnel as the basis for remuneration or rebate to ince or coerce participants to continue to develop pyramid selling activities that others participate in, defraud property, and disrupt economic and social order shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention and shall also be fined; If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than five years and shall also be fined. "

"the reply of the Supreme People's Court on how to determine the nature of pyramid selling or disguised pyramid selling with serious circumstances" stipulates that after the "notice on prohibiting pyramid selling business activities" issued by the State Council on April 18, 1998, pyramid selling or disguised pyramid selling activities are still engaged in

the provisions of the Supreme People's Procuratorate and the Ministry of public security on the prosecution standards for economic crimes (hereinafter referred to as the provisions) specifies the amount as the standard for the serious circumstances of the crime of illegal business operation, and the crime of pyramid selling illegal business operation is attributed to Article 5 of the provisions:

other illegal business activities, Suspected of one of the following circumstances:

(1) the amount of personal illegal business is more than 50000 yuan, or the amount of illegal income is more than 10000 yuan