Papers on library digital currency

1. According to relevant sources, Libra association is considering a major adjustment to its asset support model of stable currency
as you all know, Facebook officially released the Libra white paper in June last year. Libra's value is described as linked to a basket of fiat currencies and other assets. According to two sources familiar with Libra's progress, the Libra association is considering whether it should abandon the proposed "basket of legal currencies + other assets" model and adopt the "pure US dollar" support model instead
Kristin Smith, head of blockchain Association, which promotes blockchain technology, said in a telephone interview: "I think this is a welcome change. The main concern of lawmakers about Libra is that Libra may weaken the status of the US dollar, so if Libra really turns to be supported only by the US dollar, a lot of worries can be solved. "
If Libra turns into a stable currency supported only by US dollars, in Xiaobian's view, it will really benefit him a lot in the way of issuing currency. If we don't make changes, Libra will go even harder.

2. With a total issuance of 200 million pieces, only 21 million pieces of repurchase circulation, the new generation of digital currency is a rare high-end virtual currency in the world, which is difficult to buy.

4. God. Block the digital currency issued by the Central Bank of China. I think the significance of China's digital currency issuance is convenient and simple.

5. In market economic activities, money not only acts as the medium of commodity circulation, but also as the representative of property, becoming the tool of credit activities. A series of economic activities related to money revenue and expenditure, such as transactions and lending, are financial activities. The earliest commodity exchange in human history is direct barter, Barter. Barter without money often takes a lot of trouble. If Party A needs Party B's goods, but Party B doesn't need Party A's goods, they can't conclude a deal. Its disadvantages become more and more obvious with the expansion of the scope of commodity exchange. 1. Money performs the function of medium of exchange. In the practice of exchange, people graally get used to using some kind of goods that are easy to be accepted by everyone as the basis of commodity exchange; Middleman;, Second, currency performs the function of valuation unit, which is to give a certain price to the commodity. There are tens of millions of commodities in the market, and the evaluation of the same commodity's utility varies greatly, Therefore, it is often difficult for people to understand the exchange ratio of various commodities, and the transaction is naturally difficult to be fair. Because the currency that can be obtained after a commodity is sold is the price of the commodity, once the commodity has formed a widely accepted price in the market transaction, people no longer need to remember the exchange ratio of various commodities one by one, As long as you look at the price, you can see at a glance. Money has gone through the evolution process from physical money to metal money, and then from metal money to paper money, Accounting currency in the form of bill and various kinds of electronic currency in recent years have replaced some paper money for circulation. Money can be easily exchanged for a variety of goods and finance at any time. Therefore, in addition to performing the functions of exchange medium and valuation unit in commodity exchange, money itself has also become the representative of property, Not only can it be stored as future purchasing power, but also it can realize value-added by transferring to others for interest. Transferring the right to use currency for a period of time is money lending activities. In the lending activities of transferring the right to use currency, the relationship between the two parties is a kind of creditor's right and debt relationship. The creditor temporarily transfers the right to use currency for a period of time, The user of money (debtor) has the obligation to return after a certain period of time and pay a certain amount of interest

7. No, this kind of currency is not as widely used as money, and money is made by a country through its national economy. The risk of Libra currency is too high, and most people like the real feeling.

8. Libra coin is the world's first cryptocurrency launched by a large Internet giant
Libra is linked to a basket of currency deposits or government bonds, and it is more in line with the public's habitual thinking that it is linked to cryptocurrencies without any asset support, such as bitcoin. Therefore, the listing of Libra currency will inevitably have an impact on the online digital currency. Some of the funds were diverted to Libra
however, the impact on real money is very limited, because the right to issue digital money will inevitably be concentrated in the hands of central banks, and private companies will not be allowed to be involved in this field.