Will virtual currency be overused
bitcoin and other virtual currencies exist legally in China. In the 2013 bitcoin risk notice, the central bank and other five ministries and commissions clearly defined bitcoin as a special Internet commodity. People can buy and sell it freely at their own risk. Financial institutions do not have to provide bitcoin related services, denying its monetary attribute. Zhou Xiaochuan, the governor of the central bank, compares bitcoin to a tradable asset like a stamp< Most of the major countries in the world take a cold attitude towards virtual currency. There are several possibilities for countries to ban virtual currency:
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2. The well-known weaknesses and defects of virtual currency can not be overcome in a certain period of time
3. The government can't stand the use of virtual currency in money laundering and other illegal activities
since 2013, the popular virtual currencies are bitcoin, Fuyuan coin, Laite coin, doggy coin, Ruibo coin, Yuanbao coin and so on.
1. The strength and technology of the operation and development technical team can not keep up with each other. In addition to the problem that cannot be solved, it will eventually die
2. The level of public relations promotion operation team, because many Shanzhai coins are homogeneous, the difference is only the so-called propaganda culture
3. If the original intention of the development and operation team is just to make money, it will not take long
4. Is there a strong community member to promote its development voluntarily? There is a classic saying on the Internet: "losers win the world."
5. The overall strength of the development and operation team is strong, and the currency has survived for a longer time. Recently, Fuyuan coin, which is similar to business points, emerged in the jewelry instry, is an example. It is legally registered in California, the United States, a domestic corporatized Trading platform, and its information is open and transparent.
after that, digital currency is just a flicker. If it is regarded as something, it will not have any value support. If it is regarded as a kind of trade equivalent, it will have no trade value. To put it bluntly, there is no chance to make money now. We need to find a new way to make money. We just want to make each other's money. After the hot spot, we will return to zero, Spamming means that people who are short of money just want to fool around. It will be gone after a while.
Over the past eight years since its birth on January 3, 2009, bitcoin has grown from an anonymous geek toy to a hot news topic, and its price has also increased by millions of times
bitcoin was born out of the article bitcoin: a peer-to-peer e-cash system written by Nakamoto, which confirms that bitcoin is an e-cash, that is, a new form of currency. However, over the past eight years, whether the bitcoin is a currency or not is full of controversy. Experts from all sides have different opinions, and the attitudes of governments vary greatly
Similarly, bitcoin has no use value like legal currency, and the guarantee of its credit and exchange value is the impeccable cryptography algorithm and public issuance mechanismbitcoin has been attacked by hackers for more than eight years, but it has never been broken, and its security and reliability have been fully verified. In history, hackers such as Mt. GOx steal bitcoin because of the internal mismanagement of bitcoin exchange, the lack of system security and even self-monitoring. In addition, the natural scarcity formed by the 21 million issue limit of bitcoin is comparable to or even surpasses gold and silver, so it is more trustworthy than most legal currencies< br />
M0 usually represents the cash in circulation, which is the most liquid monetary statistical caliber and can be used as a means of payment in the economy at any time. It is worth noting that M0 is usually not directly equal to the currency issued by the monetary authority, but the cash in circulation of the basic currency issued by the monetary authority minus the cash on hand of financial institutions< As a narrow sense of money supply, M1 is the sum of cash in circulation (M0) and current deposits of commercial banks. Because it can be withdrawn at any time, the liquidity of current deposits of commercial banks is second only to cash, which is regarded as cash currency in some countries
M2 is usually the sum of M1, time deposit, household savings deposit and other deposits. Due to the relatively low realization cost and high liquidity of time deposits, household savings deposits and other deposits, they are also called quasi currency. As the initial broad money, M2's indicative significance to monetary policy and market liquidity is graally declining with the deepening of financial market and the emergence of financial innovation.