The significance of the development of virtual currency
virtual currency is the currency used for electronic circulation. Now the scope of virtual currency is very large, including q-coin, bitcoin and so on. With the development of digital currency, virtual currency is becoming more and more abundant, which may become the mainstream in the future. For example, BTC, EOS, bcbot and so on are not only virtual currencies, but also algorithms, landing projects and technologies
virtual currency is mainly issued by online game service providers to purchase game props, such as equipment, clothing, etc. But at present, the use of virtual currency has gone far beyond this category. Virtual currency can be used to buy game cards, physical objects and download services of some movies and software
extended data:
real risk
as the proct of e-commerce, virtual currency has begun to play an increasingly important role, and it is more and more connected with the real world. However, with the growth of virtual currency, the relevant laws and regulations are lagging behind, which has laid many hidden dangers
fraud
the private transaction of online virtual currency has realized the two-way circulation between virtual currency and RMB to a certain extent. The activity of these traders is to buy all kinds of virtual currencies and procts at a low price, and then sell them at a high price to earn profits. With the increase of such transactions, there are even virtual mints. In addition to the virtual currency provided by the main company, there are also some people who specialize in "virtual coin making" to obtain virtual currency by playing games and then resell it to other players
Taking Wenzhou as an example, there are about seven or eight such "virtual mints" with four or five hundred practitioners. This not only creates a bubble for the price of the virtual currency itself, but also causes trouble for the normal sale of the issuing company. It also provides a platform for selling and collecting money and money laundering for various cyber crimes. p>
impact system
in modern financial system, the issuers of money are generally central banks, which are responsible for the management and supervision of money operation. As the equivalent exchange goods used to replace the real currency circulation on the Internet, the virtual currency on the Internet is essentially the same as the real currency. The difference is that the issuers are no longer central banks, but Internet companies
if the development of virtual currency makes it form a unified market, each company can exchange with each other, or virtual currency is integrated and unified, and all of them are based on the same standard and price, then in a sense, virtual currency is currency, which is likely to form a threat impact on the traditional financial system or economic operation
reference: network virtual currency
Virtual currency is not a real coin, but a virtual thing. Virtual currency also has its own value, because it is a kind of training for investors
they think that some virtual currencies will have a great market, so at this time, as an investor, unique vision is very important. If you enter too late, then the virtual currency may not have any value. If you enter too early, it may not be what you expect. So at this time, the entry time is very important
So virtual currency can also make us grow rapidly, which is the judgment of the overall situation and the learning of knowledge. So virtual currency, for us, is a kind of income. Of course, we don't know how much this kind of income is in the early stage. Secondly, it enables us to learn quickly and improve our knowledge literacy, and it can also learn through continuous practice and combine practice with learning. These are exactly what we need to do, He also plays the role of supervisionThe rise of financial technology promotes the digital and intelligent development of finance, and the form of money is also developing. With the rapid development of information network communication technology, electronic payment has been popularized rapidly, and legal digital currency is also developing< China vigorously promotes digital currency, and the development of digital currency has great positive significance for China's economic development
finally, it is difficult for users to feel the difference between digital RMB payment and third-party payment in their daily consumption. In comparison, the use of digital RMB payment is more convenient than the third-party payment , and digital RMB payment is not limited by the network and payment scenarios. Digital RMB is the financial infrastructure built by the state, and there is no charge for the cashing and redemption of digital RMB. Digital RMB can be used to pay third-party payments. However, for those who need convenient electronic payment, people without financial accounts can also use digital RMB< Digital RMB supports controllable anonymity, which can better protect users' privacy
there are still a lot of arguments about the nature of money in academic circles. There are many kinds of money concepts in economics. At first, it was defined by the function of money, and then it was defined as an economic variable or policy variable. Traditionally, there are several definitions of money:
1
2. Goods that act as a medium of exchange, value, storage, price standard and deferred payment standard
3. Excess supply or demand will lead to excess demand or supply of other assets
4
5. No interest is required to be paid as the current assets of the public's net wealth
6. The most liquid assets related to national income, etc
in fact, the above six items belong to the functional definition of currency
according to the latest monetary theory, money is a contract between the owner of a property and the market about the right of exchange, which is essentially an agreement between the owners“ I give what I have to the market in exchange for what I need. "Currency is the agreement in this process. This theory can withstand strict falsification and logical argumentation, explain all economic phenomena related to money, and be tested by all economic practices, which marks the end of the debate on the nature of money for hundreds of years< The logic reasoning and proof of the essence of money:
when the market is in the stage of barter, whether the exchange can take place depends on the complementarity of supply and demand between the two sides of the exchange. This complementarity does not always exist. It is possible that a is more than a but less than B, while B is more than B but less than D. if there are only a and B sides, then the exchange cannot take place. Assuming that there is C, the rest of D lacks a, then under a certain agreement, the exchange can take place in the form of exchange between a, B and C. This agreement is: Party B and Party C agree that they can use a to exchange D, so that they can use B to exchange a with Party A. although a is not what they ultimately need, it acts as a medium of exchange. We extend our role in this case. A refers to the buyer, B refers to the seller, and C refers to the market. It can be either a C or a combination of internal exchange. In this way, a acts as currency, that is, a uses a to buy B from B, and B holds a and exchanges it with C for D
when the exchange takes place in a larger scope, the importance of two-way matching between supply and demand of both sides of the exchange will continue to decrease. If the market scale is large enough, there will always be a possible third party who can provide the missing supply to meet the needs of the exchange. The third party is the market, which is the whole of all the exchanges. In the above example of a-b-c exchange, let's assume that C contains D, e and G to make a general explanation: suppose D lacks e, e lacks F, f lacks a. Obviously, if the exchange can be carried out, Party B, Party D and party e should agree with the recipient of a that Party A can exchange what it needs, so Party B, Party D and party e have a common agreement. Let's go back to the origin of A. where does a come from? There are two possibilities: exchange income or self output. If it is self-proced, then a becomes a currency procer, or even a currency issuer. He obviously accepts the fact that a can be used in exchange for what it needs, because he is doing so. If it is the exchange income, we might as well call the exchange object tiangan. Then when Party A and tiangan exchange a, Party B will become the third party from the market, and Party A should also agree with Party B that a can exchange what it needs, so Party A and Party B have a common agreement. We simplify the exchange relationship in this event, and we get a conclusion: as long as the exchange and the market can reach an agreement on the exchange right of one item to other items, then the exchange can always be carried out
if there is no C, then there is no proct d that B needs in the market, because it is meaningless for B to obtain a that C needs in the market, so it is meaningless for B to exchange with a to obtain a, and the exchange between a and B will not be carried out, and the whole exchange will be suspended. As far as B is concerned, when all B is needed by a, D can also be obtained from the market, then B is willing to exchange with C. For B, a can also be regarded as a part of the market. In this way, one-way matching between a and B, one-way matching between B and C, one-way matching between C and a can be summarized as indivial and market, that is, two-way matching between a and market C (including B), two-way matching between B and market C (including a). This is the basic condition for barter to happen. Therefore, the function of money is to realize the exchange that can not be reached by the two sides of the one-way matching of supply and demand through the market, and then realize the supply and demand conversion of all the market traders, that is, all the conversion to the required. When all is handed over to the market, it also requires the market to provide what it needs, which is the premise of exchange. All and the required conversion takes place through two independent processes of buying and selling, and currency is the agreement of this process
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response time: January 14, 2021. Please refer to the official website of Ping An Bank for the latest business changes
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