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Virtual currency inferior than superior ppt

Publish: 2021-03-24 00:15:14
1.

(1) Bitcoin was originally a kind of network virtual currency to buy real-life goods

(2) advantages:

< UL >
  • completely decentralized, without issuing institutions, it is impossible to manipulate the number of issues

  • anonymity, tax exemption and supervision free

  • robustness. Bitcoin is completely dependent on P2P network and has no distribution center, so it cannot be shut down externally

  • cross border

  • it's difficult for the cat to survive

  • < / UL >

    (3) disadvantages:

    < UL >
  • the vulnerability of trading platform

  • transaction confirmation takes a long time

  • the price fluctuates greatly

  • the public did not understand the principle, and the traditional financial practitioners resisted

  • 2. The result of market choice is good or bad, depending on personal values, the answer is not unified.
    3. These online search faster, there should be
    4. "Bad money expels good money" is a famous law in economics. This law is a summary of such a historical phenomenon: in the era of coinage, when those coins of lower weight or quality - "bad coins" entered the circulation field, people tended to collect those coins of sufficient value - "good coins". In the end, good money will be expelled and only bad money will be left in circulation< br />" "Bad money expels good money" is an old principle in economics. It says that in the era of coin circulation, when silver and gold are the same base currency, a country should set a value ratio between gold and silver, and according to this ratio, gold and silver can be freely traded, and gold and silver can be circulated at the same time. Because the value of gold and silver itself changes, the change of the value of the metal currency itself and the exchange rate between the two remain relatively unchanged, resulting in the phenomenon of "bad currency driving out good currency", which makes the plicate currency system impossible to realize. For example, when the exchange rate of gold and silver is 1:15, when the value of silver finally decreases e to the rection of the mining cost of silver, people will exchange silver for gold according to the above ratio and store it. Finally, silver will be filled in the currency circulation and repel gold. If on the contrary, that is, the value of silver rises and the value of gold falls, people will exchange gold for silver according to the above proportion, store silver, and only gold coins will be in circulation. That is to say, the "good money" with higher real value is graally stored by people, leaving the circulation market, making the market full of "bad money" with lower real value. This phenomenon was first discovered by the British Chancellor of the exchequer, Gresham (1533-1603), so it is called "Gresham's law"
    the realization of Gresham's law requires the following conditions: bad money and good money are legal tender at the same time; There is a certain legal ratio between the two currencies; The sum of the two currencies must exceed the amount of money needed by society
    the phenomenon of "bad money drives out good money" not only exists in the era of mint currency circulation, but also in the circulation of paper money. Everyone will spend dirty, damaged paper money or inconvenient nickel money as soon as possible, leaving neat and clean money. This phenomenon can be found everywhere in real life. For example, on weekdays, when taking the bus or subway to and from work, the regular queues are always crowded and unable to get on a few buses, while those who don't follow the order are often able to get on the bus first, compete for seats or seize time. Finally, fewer and fewer people are queuing up to get on the bus. When the bus comes, people are scrambling to get on the bus. Every time they take the bus, it's like a war. For another example, in some units where big pot food prevails, there is no difference in the treatment and rewards they receive regardless of their level, effort or performance. As a result, the young, the capable and the high-level all go for another job, while the rest are the old, the weak and the mediocre. This is also "bad money drives out good money". Moreover, corruption in the officialdom is spreading like a plague. If we don't take bribes at the expense of the public, we can only suffer from hardship and poverty. Moreover, when everyone is greedy, those who are good at their own affairs are often regarded as dissidents, who have no place to live, and are forced to go along with others, otherwise they will be excluded. Finally, there are fewer and fewer incorruptible officials and they are unable to survive. This is the principle that bad money drives out good money
    the content and conditions of the rule of "bad money expels good money" are just as mentioned above. Here we discuss another opposite rule. For example, in a completely free foreign exchange market, that is, a market without any legal intervention, there is no certain legal price comparison among various currencies, and the values of these currencies are different. Among them, the currencies with strong trend and high gold content are considered as hard currency, namely "good currency"; On the contrary, weak currency is considered as soft currency, namely "bad currency". In international trade, people are often willing to accept hard currency, or "good currency", rather than soft currency, or "bad currency". As a result, the situation of "good currency expels bad currency" is formed. This is a counterexample of "Gresham's law", also known as "anti Gresham's law".
    5. " "Bad money expels good money" is an old principle in economics. It says that in the era of coin circulation, when silver and gold are the same base currency, a country should set a value ratio between gold and silver, and according to this ratio, gold and silver can be freely traded, and gold and silver can be circulated at the same time. Because the value of gold and silver itself changes, the change of the value of the metal currency itself and the exchange rate between the two remain relatively unchanged, resulting in the phenomenon of "bad currency driving out good currency", which makes the plicate currency system impossible to realize. For example, when the exchange rate of gold and silver is 1:15, when the value of silver finally decreases e to the rection of the mining cost of silver, people will exchange silver for gold according to the above ratio and store it. Finally, silver will be filled in the currency circulation and repel gold. If on the contrary, that is, the value of silver rises and the value of gold falls, people will exchange gold for silver according to the above proportion, store silver, and only gold coins will be in circulation. That is to say, the "good money" with higher real value is graally stored by people, leaving the circulation market, making the market full of "bad money" with lower real value. This phenomenon was first discovered by the British Chancellor of the exchequer, Gresham (1533-1603), so it is called "Gresham's law"

    for example, in a completely free foreign exchange market, that is, a market without any legal intervention, there is no certain legal price ratio among various currencies, and the values of these currencies are different, among which the trend is strong The currency with high gold content is considered as hard currency, namely "good currency"; On the contrary, weak currency is considered as soft currency, namely "bad currency". In international trade, people are often willing to accept hard currency, or "good currency", rather than soft currency, or "bad currency". As a result, the situation of "good currency expels bad currency" is formed. This is a counterexample of "Gresham's law", also known as "anti Gresham's law".
    6. In your hand, you have a pile of currencies that keep value and are easy to depreciate. Which one will you give priority to. If the whole market does this, you will find that the currency in circulation is perishable
    7. There is a Gresham rule in Economics: if there are two kinds of money in the market, good money and bad money, as long as they have the same circulation function, because the cost of bad money is low, people often choose bad money in use, store good money, and good money will withdraw from the market over time. This is the principle of bad money expelling good money

    in the view that bad money drives out good money, the difference between good and bad money does not mean the competition of different kinds of money, but the competition of the same kind of currency with different qualities in use, such as silver coins of sufficient quality and silver coins of insufficient quality. Since it is the same kind of currency in circulation, there is no legal exchange rate problem, so the phenomenon of bad currency expelling good currency "in essence" is "people's behavior confusion caused by the deviation between the value judgment of different quality currency itself and the legal value judgment". In this process, the property of money's general equivalent is doubted, and its value as a physical form is reconsidered and judged. The psychology of people getting high returns at a small price leads to the phenomenon that good money is collected and bad money circulates. This is also an inevitable phenomenon when valuables are used as currency. As currency, paper money avoids this phenomenon. It emphasizes the effect of national credit rather than the value effect of the equivalent itself. It can also be said that national credit makes it possible for paper money with only use value to become the general equivalent logistics

    the example of replacing RMB with food stamps mentioned by the landlord, I think it should be that bad money drives out good money, because the government artificially restricts the purchase of grain, so that RMB, which should be used as the equivalent, can be returned to the food stamps. As for the example of good money expelling bad money, if we refer to it as "positive determination wins evil", rather than an economic phenomenon, I think there are still many. For example: now more and more people go to shopping malls to buy genuine goods instead of small shops to buy fake goods; With the increasing maturity of domestic electrical appliances and automobile procts, fewer and fewer people patronize parallel procts and so on

    What do you think?
    8. Innovative procts that can better meet the needs of users will graally occupy the mainstream position in the market through good marketing strategies after they come into the market. It is an example of good money expelling bad money to squeeze out the traditional and backward procts from the market.
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