The basic characteristics of virtual currency

There is no definition and distinction between game currency and stock, derivative financial instruments, especially electronic currency. In fact, there is an internal thread that can run through these different forms of virtual currency, which is the performance maturity of personalized value. We can summarize it logically as follows:
Bank e-money
Bank e-money was initially a kind of "pseudo virtual money". It only has the form of virtual currency, such as digitization and symbolization, but it does not have the essence of virtual currency and has nothing to do with personalization. For example, it is just the counterpart of paper money; It may be issued by the central bank; It may be in the same market as the money market. However, bank e-money has broken through the extension of money, that is, it can also be issued not by the central bank, but by information service providers, as was the case with several early e-money. The second breakthrough is the liquidity of bank e-money, which far exceeds that of ordinary money. Therefore, it implies a challenge to the pricing power of currency price level. For example, in overnight lending, if the same money is turned over several times in the form of electronic money, although from the traditional monetary point of view, nothing has happened, but from the perspective of virtual money circulation speed, it has actually changed the conditions of money price level
credit information currency
stock is the most typical credit information currency. Its essence is virtual and it is a kind of virtual currency with personalized characteristics. It is the most realistic foundation of the current virtual economy. Stock market and derivative financial instrument market constitute a large-scale and unified virtual money market. They are not only based on entity business, but also supported by a wide range of information services such as trust business and insurance business. The so-called unified market refers to that the market as a whole can be exchanged with the money market at the overall level of national income. Historically, only when money forms a unified market, that is, the main body of the national economy is monetized, can the adjustment of money quantity and interest rate on the national economy be discussed. The same is true for the virtual economy. This issue is not without dispute. Although the scale of the virtual economy is several times larger than that of the real economy, a large part of the real economy has not entered the unified market. If the game currency is compared with stocks, its progress in this respect is far from satisfactory. Only through the two stages of entertainment instrialization and instrial entertainment, it is possible to reach the level of unified market
analyzing the stock market and derivative financial instrument market, the biggest difference between the stock market and the general money market is that its circulation speed cannot be directly determined by the central bank. For example, as a virtual currency, the price level of stock index can not be directly determined by the central bank like the interest rate, but by the so-called "confidence" of people. The fundamentals of the central bank and the real capital market can only indirectly determine the stock market, not directly. So I think the stock market is an information market, not a money market
compared with the mature virtual money market, the main characteristics of the stock market are incomplete. The stock market integrates the noise at all reference points (i.e. indivial gain and loss values) into a unified reference value, which is combined with the standard value (utility value on the basis and general equilibrium value) to form the continuous fluctuation of the market around the utility value. Although it is different from the money market with the central bank as the center for orderly centripetal movement, it is not different from the money market. From the point of view of the real virtual money market, the characteristic of this market is the incommensurable personalized fixed value. In this sense, the centralized stock market has not achieved this function, and the independent role of the stock market as the so-called "casino" has not been played. Thirdly,
the fundamental function of personalized credit voucher
virtual currency is to synthesize value on the spot of personality, rather than to determine a rational value in isolation at an equilibrium point separated from the real world. The significance of virtual currency is to establish a value system centered on the final consumer. After the full realization of virtual currency, the single currency with general equivalent function will tend to be backward. Game currency is the experimental field of virtual currency at a higher stage, and it is difficult to be a major task. The ideal virtual currency is the value symbol of the real world. In the general equivalent exchange, the specific use value and the corresponding subject of the specific use value, namely the non-homogeneous needs and personalized needs of people, are completely filtered out. Virtual currency will change all this, through the virtual way, people's heterogeneous needs and personalized needs will be anchored to the fundamentals by indivial reference point, and the value will be synthesized. Therefore, virtual currency must have two sides, one is to have the function of commodity exchange, the other is to have the function of barter. Through the former to overcome the relativity and subjectivity of value, through the latter to achieve personalized value confirmation. In order to achieve this goal, virtual currency must realize a huge transformation, which is to transform to dialogue system and become interactive currency. The bargaining here is aimed at the level of currency price. Recall that the transformation from text to dialogue, which has been realized for decades, is the direction of the transformation of virtual currency. The value of game currency is uncertain. When people exchange game currency, it is uncertain whether the ultimate happiness they may get is above or below the currency value until they participate in the game. The game is a dialogue process. Of course, various value-added functions of game currency have not been developed in combination with personalized information services. If this kind of value-added business is fully developed, game currency will not be used because of the different businesses providing services, which may become an advantage over stocks
a fully personalized virtual currency may be a kind of currency card with additional information, and its value is to be confirmed. Virtual currency with specific undetermined function and resial value, on the one hand, its information can have room for reinterpretation like text, on the other hand, it has the potential of karaoke like redevelopment. Its information value has an open interface and can be added again. If they are exchanged in the secondary market like the stock market, they may float up and down in the basic par value with their personalized information, and they will have more attractiveness like stocks. Game currency only has the function of value circulation, but not the function of market platform, so it is only an imperfect virtual currency. The reason is the lack of corresponding instrial base

Money has the following basic characteristics:

1. The central bank's monetary liabilities, rather than the assets or non monetary liabilities of the central bank, are supplied by the central bank through its own asset business

2. Through the influence of variables directly controlled and regulated by the central bank, the purpose of regulating and controlling the supply is achieved

3. Commercial banks can not create credit if they do not hold the base currency

extended data:

the regulatory role of money

1. Maintain the balance between social aggregate supply and aggregate demand by regulating the total amount of money supply

2. Control inflation by regulating interest rate and total amount of money to maintain the stability of the overall price level

3. Adjust the proportion of consumption and savings in national income

4 Guide the transformation from savings to investment and realize the rational allocation of resources

Infinite coin is a new digital currency, which has more circulation advantages than bitcoin, and fills the short board of bitcoin in the field of commercial circulation and promoting commercial operation
Krugman, the Nobel Laureate in economics, pointed out that bitcoin is a retrogression in history. Although he affirmed the scientific and technological progress of bitcoin as a digital currency, he also pointed out that money can not only be g out and hoarded, but the essence of money is a means to promote commercial circulation. If infinite currency is successful, it will make an important contribution to the global recognition of digital currency model
the total amount is about 90.6 billion; Confirm every 3 seconds; Basically, all of them have been excavated, about 90.58 billion yuan; There was no poaching
one transaction of unlimited currency needs three confirmations, and each confirmation takes three seconds, so the transaction confirmation speed is very fast. Because bitcoin transaction confirmation takes 1 hour and lightcoin transaction confirmation takes 15 minutes, infinite coin is used in daily common transactions, which is more practical
infinite coin was released on June 5, 2013. Based on scrypt POW algorithm. A block is generated in 30 seconds. In the initial block, there are 524288 infinite coins in each block. After that, for every 86400 blocks generated, the number of infinite coins in the block is halved, with a total of about 90.6 billion infinite coins. The difficulty of mining is adjusted every hour
at the beginning of its release, infinite coin, like many other digital coins, was extremely cheap, and only a small number of players were playing
with the dramatic rise and fall of bitcoin in the second half of 2013, other cryptocurrencies are graally recognized by everyone, and the number of "Shanzhai currency" is expanding, which has a impact on the price of bitcoin
the value of infinite currency has also increased since October 2013. The most ferocious increase occurred from November 23 to November 27, 2013. The price of single currency soared from the lowest 0.000008 yuan to the highest 0.0014 yuan, with an increase of 17500% in five days, setting the highest weekly increase record among all digital currencies. With the successive withdrawal of speculators, the value of infinite currency fluctuated repeatedly and graally fell
subsequently, as cryptosy, coinex, coins-e, easecoin, niubtc and other platforms graally incorporated unlimited currency into the trading platform, the value of unlimited currency rose steadily. Due to its obvious circulation advantages and characteristics, unlimited coin has graally spread to more and more holders. At the same time, there are many enthusiasts dedicated to promoting unlimited coin in the online unlimited coin post bar
there are infinite dice, coinjack, coinbomb, black jack, Lotto coin world, encryption game key, Sarasota slot, visa4crypto, coincable, bitezze and other services that use infinite coin for payment in the world
the original mineral reserves of infinite coin will be halved every month. The original mineral reserves will proce nearly the total amount of coins on September 5, 2014, and then infinite coin will enter the full circulation stage
in the field of cryptocurrency, there is a popular saying: "bitcoin is gold, litecoin is silver, infinitecoin is copper", which means "bitcoin, lightsilver, infinitecoin is copper"
this shows not only the popularity of unlimited money, but also the positioning of unlimited money as a micro payment activity serving the daily life of the general public
tips: investment is risky and you should be cautious when entering the market. You should not blindly chase up and down in investment. You should have enough understanding of the currency itself. At the same time, if you have a loss, you should timely set the amount of stop loss you can bear to avoid greater losses