World virtual currency face value ranking
Publish: 2021-05-20 11:03:52
1. virtual currency refers to non real currency. Well known virtual currencies, such as online currency of Internet company, q-coin of Tencent company, q-point and voucher of Shanda company, micro currency launched by Sina (used for micro games, Sina reading, etc.), chivalrous Yuanbao (used for chivalrous road game), silver grain (used for bixue Qingtian game), and popular digital currencies in 2013 include bitcoin, Laite coin, infinite coin, quark coin, zeta coin, etc Barbecue coins, pennies (Internet), invisible gold bars, red coins, prime coins. At present, hundreds of digital currencies are issued all over the world. Popular in the circle & quot; The legend of "bitcoin, Wright silver, infinite copper, pennies aluminum"
according to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by the monetary authority, does not have legal compensation and mandatory monetary attributes, is not a real currency, does not have the same legal status as currency, cannot and should not be used as currency in the market, and citizens' investment and transaction of virtual currency are not protected by law
response time: January 19, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
according to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by the monetary authority, does not have legal compensation and mandatory monetary attributes, is not a real currency, does not have the same legal status as currency, cannot and should not be used as currency in the market, and citizens' investment and transaction of virtual currency are not protected by law
response time: January 19, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
2. Without the position of Morgan in the global virtual currency ranking, it is impossible for Morgan to enter the ranking. The premise of virtual currency ranking is:
1. The market of virtual currency is formed spontaneously and can be traded freely
2. The source code of virtual currency is open source
3. Virtual currency is proced by mining, and it is decentralized rather than platform self-proced currency. Centralized virtual currency will be excluded
none of these three points can be satisfied. It is said that Morgan has changed its name three times. The last name is BBT, which is a typical pyramid scheme. Bitcoin home, the mainstream media in the coin circle, has exposed it.
1. The market of virtual currency is formed spontaneously and can be traded freely
2. The source code of virtual currency is open source
3. Virtual currency is proced by mining, and it is decentralized rather than platform self-proced currency. Centralized virtual currency will be excluded
none of these three points can be satisfied. It is said that Morgan has changed its name three times. The last name is BBT, which is a typical pyramid scheme. Bitcoin home, the mainstream media in the coin circle, has exposed it.
3. There are bitcoin, Ethereum, reborn, lightcoin, bitcash and so on. For these virtual coins, you only need to open an account in the realm kingdom to trade. And whether it will rise or fall, you can buy profits.
4.
Hello, my friend, No.3 in the world ~ ~
5. Bitcoin is very popular recently. Whether it's a proct or not, it runs on a peer-to-peer network, is completely decentralized, has no patents, and is open source. Currently, there are nearly 11 million bitcoins, and the maximum number of bitcoins determined by the design program will be 21 million. For more details on how they work, see the money ness of bitcoins by economist Nikolay gertchev, published recently in the Mises daily
problem
when bitcoin is designed not to be a nominal hyperinflation, they can be a real hyperinflation. At present, many counterfeit coins have been designed, such as litecoin, namecoin and freicoin which will be issued soon. This view is particularly reasonable. Because bitcoin is a starfish, for example, it is completely decentralized. Ori Brafman and rod a. Beckstrom once said“ Starfish have no head at all. Even the center of its body is not the core. In fact, its main organs are copied from each arm. If you cut the starfish in half, you'll be surprised: this animal won't die, and you'll soon have two starfish to deal with. "
after the disappearance of Napster, Skype's inventor Niklas zennstr & # 246; M launched his invention, Kazaa, which has no central server to shut down. Eventually, such peer-to-peer programs sprang up, such as Kazaa Lite, eDonkey, eMule, and BitTorrent. While this would be good news for those who like to download and share things for free, it's certainly not good news for those who think bitcoin will avoid inflation. Those who compare bitcoin to language ignore the fact that most people have no motivation to suddenly create a new language. On the other hand, there are many stories in history about people looking for the magic stone that can magically make gold. There may be no doubt that bitcoin has an inherent mechanism to trigger the gold rush. This mechanism has already appeared in litecoin, and will certainly appear in the follow-up Shanzhai coin
money
is bitcoin in line with Austrian economists' views on money? The only way to find out is to read what the great Austrian scholars said. Let's start with Carl Menger. In the principles of economics, Menger expounded a point of view: money as a general medium of transaction has always tended to become the best-selling commodity in history
what is bestseller? It's not just about value. One may have a Picasso painting in one's home that will sell for a lot of money at Sotheby's auction ring the economic boom. But a Picasso painting, like a Friedrich Shiller poem, a Sanskrit book, or a bottle of red wine that has been stored for decades, will never be the best seller. As Menger points out, bestseller is "the function that makes (a commodity) be sold in the market at any convenient time and at the existing purchase price after it has shrunk or shrunk. Compare the number of people who might buy bread and meat with the number of people who might buy astronomical instruments. "
Menger goes on to point out that cattle were the best-selling commodity in ancient times. This is very easy to understand in a world where most people are barely fed and fed and where the structure of proction basically does not exist. However, with the development of society, cattle are becoming less and less popular
with the progress of civilization, Menger states that "... Due to the improvement of the material environment of economic development, the national currency with copper as currency continues to develop from relatively less precious metal to relatively precious metal, from copper and iron to silver and gold, which also brings the further progress of civilization, especially the expansion of the scope of commercial geography."
there are many reasons for gold to win, such as rability, good mercerization, good ctility, easy segmentation, uniform texture and scarcity. But the fundamental reason is that gold is the best-selling commodity. Menger went on to write: "if you know where the right market is, the gold nuggets that a dirty Transylvanian Gypsy panned out of the sand of the aranyos River are equally popular in the hands of both the gypsy and the owner of the gold mine. Nuggets can be sold countless times without any rection in their popularity. But for the clothes, bedding, cooked food and other things in the hands of this Gypsy, even if he has not used them and from the beginning he only obtained them for exchange, they will either be repugnant and few people buy them, or the price will be greatly reced. "
this brings us another criticism of bitcoin. It will never be the best seller. The reason is simple. Digital money won't work until most of the 7 billion people on the planet have smartphones or surf the Internet regularly
on the other hand, gold is easy to identify, as opposed to silver, which may be mistaken for other metals such as nickel. In addition, it not only has a relatively low melting point, but also is relatively soft. This makes it excellent in mercury homogenization and explains in part why it has historically outperformed other metals such as platinum. If anyone doubts the status of gold in today's monetary system, he just needs to walk on the streets of big cities to see the sign of "we buy gold". Moreover, central banks hold gold and a lot of it. They don't hold cattle, wheat, soybeans, copper, silver or bitcoin
Menger also wrote: "I am now ready to admit that under the highly developed terms of trade, money is only regarded as a symbol by many economic actors. However, it is quite certain that if coins lose the characteristics of bulk instrial raw materials, this illusion will disappear immediately "
although it is very likely that some early bitcoin users valued bitcoin because of what Menger described as virtual value, the view of the best-selling commodity is worth reviewing. Gold is and has been regarded as beautiful since the beginning of civilization. Therefore, the argument that a few people consume bitcoin like Picasso's painting and come to the conclusion that bitcoin conforms to the regression theorem is like saying that because John law or Ben bernarde really enjoys being a monopolist, banknotes are valuable. In fact, given the amount of time and effort spent searching for the Sorcerer's stone, we might as well say alchemy. Maybe some people enjoy their work purely for the pleasure of the work itself. However, this can not be an effective proof of slavery or labor theory of value<
anonymity
with the fading of common views on bitcoin's fight against hyperinflation and no longer convincing, the new reasons for holding bitcoin are its anonymity and the freedom it provides. Want to gamble or buy something illegal online? Bitcoin is the solution. It is said to be a way to avoid regulatory authorities and promote free and voluntary trade growth. There are many similar statements. Unfortunately, for many people who are misled, the reality is cruel. Best listen to the opinions of bitcoin developer Jeff garzik himself http://www.youtube.com/watch?v=zhj1zeisqWY The interesting part starts at 3:20
the irony is that every transaction of anyone who uses bitcoin to engage in illegal activities, presumably because he thinks bitcoin is anonymous, is permanently kept in the public ledger. People who are smart enough to use extensions like tor are just as stupid as people who think prepaid cards or smartphones are anonymous. Imagine if bitcoin had existed 50 years ago. It is possible that none of the latest three presidents, including Obama, will run
bubble time?
the remaining question waiting to answer is whether bitcoin is appearing again in the form of bubbles. The answer is yes. Now there's a reflexive model: people buy because prices go up; Because people buy, so the price goes up. This shortsightedness is driving the price trend of the past four months. Because people think it's normal, they continue to push prices up, attracting more idiots. When the continuity of optimism is broken, the turning point will appear. One thing is for sure. Those left behind who are willing to jump on the accelerating train and the amount of their money will be reced
when the asset price becomes parabolic, it will cause technical damage to the price trend. It's like sprinting at full speed in the middle of a marathon. Of course, this person will have a few minutes to look great. However, it will inevitably stop, and the hope of completing the game will become dim, not to mention the possibility that his performance will be as good as that of other strategies
the price of gold became parabolic in the second half of 2011, reaching $1900 an ounce. This has done a lot of damage to its price trend: gold is now just beginning to depreciate. Just like Icarus in Greek mythology whose wings made of Wax Melt e to flying too high, parabolic movement always ends with adjustment. If the parabolic movement is too long, it will eventually collapse. Ironically, the best thing that can happen to the negatives of bitcoin is that bitcoin soars to $300 a piece in a week
it is not against Austrian economics to admit that there are many naive, irrational and misguided participants in the market. For example, ring the dot com bubble, the price of a repair and construction company called Temco Services almost doubled to three times in the middle of 1998. The reason is that before 1998, many laymen came to the market. As a result, the level of competition has declined significantly. TEMCo's stock code is tmco. This is very similar to the stock code TMCs of Ticketmaster online at that time. Ticketmaster online (TMCs) was trading for the first time on the day when the share price of TEMCo services (tmco) tripled. The rising asset prices proce cheerful mental state, which significantly reces the IQ of participants
the reason why another bitcoin is so vulnerable to bubble behavior is that people think it is new. New era thinking always attracts a lot of attention. Tulip was introced to Europe via Turkey in the middle of the 16th century (in fact, the word tulip comes from Tulipan in Turkish). It means headscarf. Tulips were a novelty to Amsterdam, a kingdom rich in newly discovered gold and silver from the new world. Similarly, the Mississippi bubble designed by John Law promises that people will have huge wealth from the new world. The rail, radio and Internet craze, and most of the craze you can think of, is about something new or something that people think is new
there is no doubt that bitcoin is a spontaneous answer to the currency instability we see around us today. On one side of the Atlantic, people are worried about the eye-catching euro currency peg policy, while on the other side, the huge damage caused by Ben Bernanke has made the world's reserves worse
problem
when bitcoin is designed not to be a nominal hyperinflation, they can be a real hyperinflation. At present, many counterfeit coins have been designed, such as litecoin, namecoin and freicoin which will be issued soon. This view is particularly reasonable. Because bitcoin is a starfish, for example, it is completely decentralized. Ori Brafman and rod a. Beckstrom once said“ Starfish have no head at all. Even the center of its body is not the core. In fact, its main organs are copied from each arm. If you cut the starfish in half, you'll be surprised: this animal won't die, and you'll soon have two starfish to deal with. "
after the disappearance of Napster, Skype's inventor Niklas zennstr & # 246; M launched his invention, Kazaa, which has no central server to shut down. Eventually, such peer-to-peer programs sprang up, such as Kazaa Lite, eDonkey, eMule, and BitTorrent. While this would be good news for those who like to download and share things for free, it's certainly not good news for those who think bitcoin will avoid inflation. Those who compare bitcoin to language ignore the fact that most people have no motivation to suddenly create a new language. On the other hand, there are many stories in history about people looking for the magic stone that can magically make gold. There may be no doubt that bitcoin has an inherent mechanism to trigger the gold rush. This mechanism has already appeared in litecoin, and will certainly appear in the follow-up Shanzhai coin
money
is bitcoin in line with Austrian economists' views on money? The only way to find out is to read what the great Austrian scholars said. Let's start with Carl Menger. In the principles of economics, Menger expounded a point of view: money as a general medium of transaction has always tended to become the best-selling commodity in history
what is bestseller? It's not just about value. One may have a Picasso painting in one's home that will sell for a lot of money at Sotheby's auction ring the economic boom. But a Picasso painting, like a Friedrich Shiller poem, a Sanskrit book, or a bottle of red wine that has been stored for decades, will never be the best seller. As Menger points out, bestseller is "the function that makes (a commodity) be sold in the market at any convenient time and at the existing purchase price after it has shrunk or shrunk. Compare the number of people who might buy bread and meat with the number of people who might buy astronomical instruments. "
Menger goes on to point out that cattle were the best-selling commodity in ancient times. This is very easy to understand in a world where most people are barely fed and fed and where the structure of proction basically does not exist. However, with the development of society, cattle are becoming less and less popular
with the progress of civilization, Menger states that "... Due to the improvement of the material environment of economic development, the national currency with copper as currency continues to develop from relatively less precious metal to relatively precious metal, from copper and iron to silver and gold, which also brings the further progress of civilization, especially the expansion of the scope of commercial geography."
there are many reasons for gold to win, such as rability, good mercerization, good ctility, easy segmentation, uniform texture and scarcity. But the fundamental reason is that gold is the best-selling commodity. Menger went on to write: "if you know where the right market is, the gold nuggets that a dirty Transylvanian Gypsy panned out of the sand of the aranyos River are equally popular in the hands of both the gypsy and the owner of the gold mine. Nuggets can be sold countless times without any rection in their popularity. But for the clothes, bedding, cooked food and other things in the hands of this Gypsy, even if he has not used them and from the beginning he only obtained them for exchange, they will either be repugnant and few people buy them, or the price will be greatly reced. "
this brings us another criticism of bitcoin. It will never be the best seller. The reason is simple. Digital money won't work until most of the 7 billion people on the planet have smartphones or surf the Internet regularly
on the other hand, gold is easy to identify, as opposed to silver, which may be mistaken for other metals such as nickel. In addition, it not only has a relatively low melting point, but also is relatively soft. This makes it excellent in mercury homogenization and explains in part why it has historically outperformed other metals such as platinum. If anyone doubts the status of gold in today's monetary system, he just needs to walk on the streets of big cities to see the sign of "we buy gold". Moreover, central banks hold gold and a lot of it. They don't hold cattle, wheat, soybeans, copper, silver or bitcoin
Menger also wrote: "I am now ready to admit that under the highly developed terms of trade, money is only regarded as a symbol by many economic actors. However, it is quite certain that if coins lose the characteristics of bulk instrial raw materials, this illusion will disappear immediately "
although it is very likely that some early bitcoin users valued bitcoin because of what Menger described as virtual value, the view of the best-selling commodity is worth reviewing. Gold is and has been regarded as beautiful since the beginning of civilization. Therefore, the argument that a few people consume bitcoin like Picasso's painting and come to the conclusion that bitcoin conforms to the regression theorem is like saying that because John law or Ben bernarde really enjoys being a monopolist, banknotes are valuable. In fact, given the amount of time and effort spent searching for the Sorcerer's stone, we might as well say alchemy. Maybe some people enjoy their work purely for the pleasure of the work itself. However, this can not be an effective proof of slavery or labor theory of value<
anonymity
with the fading of common views on bitcoin's fight against hyperinflation and no longer convincing, the new reasons for holding bitcoin are its anonymity and the freedom it provides. Want to gamble or buy something illegal online? Bitcoin is the solution. It is said to be a way to avoid regulatory authorities and promote free and voluntary trade growth. There are many similar statements. Unfortunately, for many people who are misled, the reality is cruel. Best listen to the opinions of bitcoin developer Jeff garzik himself http://www.youtube.com/watch?v=zhj1zeisqWY The interesting part starts at 3:20
the irony is that every transaction of anyone who uses bitcoin to engage in illegal activities, presumably because he thinks bitcoin is anonymous, is permanently kept in the public ledger. People who are smart enough to use extensions like tor are just as stupid as people who think prepaid cards or smartphones are anonymous. Imagine if bitcoin had existed 50 years ago. It is possible that none of the latest three presidents, including Obama, will run
bubble time?
the remaining question waiting to answer is whether bitcoin is appearing again in the form of bubbles. The answer is yes. Now there's a reflexive model: people buy because prices go up; Because people buy, so the price goes up. This shortsightedness is driving the price trend of the past four months. Because people think it's normal, they continue to push prices up, attracting more idiots. When the continuity of optimism is broken, the turning point will appear. One thing is for sure. Those left behind who are willing to jump on the accelerating train and the amount of their money will be reced
when the asset price becomes parabolic, it will cause technical damage to the price trend. It's like sprinting at full speed in the middle of a marathon. Of course, this person will have a few minutes to look great. However, it will inevitably stop, and the hope of completing the game will become dim, not to mention the possibility that his performance will be as good as that of other strategies
the price of gold became parabolic in the second half of 2011, reaching $1900 an ounce. This has done a lot of damage to its price trend: gold is now just beginning to depreciate. Just like Icarus in Greek mythology whose wings made of Wax Melt e to flying too high, parabolic movement always ends with adjustment. If the parabolic movement is too long, it will eventually collapse. Ironically, the best thing that can happen to the negatives of bitcoin is that bitcoin soars to $300 a piece in a week
it is not against Austrian economics to admit that there are many naive, irrational and misguided participants in the market. For example, ring the dot com bubble, the price of a repair and construction company called Temco Services almost doubled to three times in the middle of 1998. The reason is that before 1998, many laymen came to the market. As a result, the level of competition has declined significantly. TEMCo's stock code is tmco. This is very similar to the stock code TMCs of Ticketmaster online at that time. Ticketmaster online (TMCs) was trading for the first time on the day when the share price of TEMCo services (tmco) tripled. The rising asset prices proce cheerful mental state, which significantly reces the IQ of participants
the reason why another bitcoin is so vulnerable to bubble behavior is that people think it is new. New era thinking always attracts a lot of attention. Tulip was introced to Europe via Turkey in the middle of the 16th century (in fact, the word tulip comes from Tulipan in Turkish). It means headscarf. Tulips were a novelty to Amsterdam, a kingdom rich in newly discovered gold and silver from the new world. Similarly, the Mississippi bubble designed by John Law promises that people will have huge wealth from the new world. The rail, radio and Internet craze, and most of the craze you can think of, is about something new or something that people think is new
there is no doubt that bitcoin is a spontaneous answer to the currency instability we see around us today. On one side of the Atlantic, people are worried about the eye-catching euro currency peg policy, while on the other side, the huge damage caused by Ben Bernanke has made the world's reserves worse
6.
world currency ranking:
No.1 Kuwait - Dinar
No.2 Bahrain - Dinar
No.3 Oman - Riyal
No.4 Jordan - Dinar
No.5 UK - pound
No.6 Kaiman - Kaiman dollar
No.7 euro zone - Euro
No.8 Switzerland - Swiss Franc
No.9 US dollar
No.10 Australia - Australian dollar
the currency prices of all countries in the world begin with barter, metal coins in the later stage, and then paper money, gold and silver coins in the later stage, To electronic money. It is usually issued by the bank designated by the local government. All countries in the world have their own characteristics
extended information
Kuwait issued commemorative banknotes for the 2nd and 10th anniversary of the victory of the war of liberation of Kuwait in 1993 and 2001 respectively, with a face value of 1 Dinar, but neither of them is in circulation or legal tender
mainly in Kuwait. Kuwait, the full name of the state of Kuwait, is a monarchy country located in the northeast of the Arabian Peninsula and the northwest of the Persian Gulf in southwest Asia. It borders Saudi Arabia in the South and Iraq in the north. Kuwait City, the capital of the country, has the same name as the country
7. In terms of face value alone, the largest denomination in the history of world currency is the 100 trillion mark note issued by Germany in 1924. Even now, some South American countries, Japan and South Korea still issue large denomination currencies, which often amount to tens of thousands or even hundreds of millions. Of course, high face value is not equal to value. As far as the reporter knows, the most expensive banknote in the world is probably the Swiss Franc with a face value of 1000 issued in Switzerland, which is about 822 US dollars. In addition, the highest denomination of the euro is 500, about $642
as for the determination of the face value, the factors are very complex. We should consider not only the economic development stage of each country, people's living standards and purchasing power, but also the people's habit of using money, the objective needs of commodity circulation and the stability of currency value. Even in developed countries, the situation is different. For example, the highest denomination of Japanese banknotes is 10000 yen, while the highest denomination of British banknotes is only 50 pounds.
as for the determination of the face value, the factors are very complex. We should consider not only the economic development stage of each country, people's living standards and purchasing power, but also the people's habit of using money, the objective needs of commodity circulation and the stability of currency value. Even in developed countries, the situation is different. For example, the highest denomination of Japanese banknotes is 10000 yen, while the highest denomination of British banknotes is only 50 pounds.
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