Virtual currency can be issued as much as you want
Publish: 2021-03-28 03:06:24
1. In short, bitcoin is a kind of virtual currency, which does not rely on any monetary institutions to issue, but relies on a specific algorithm, generated through a large number of calculations. After the bitcoin address is bound with the bank card, you can buy bitcoin with RMB recharge. There is a K-line chart, and the price changes in real time. Similar to stocks, you can buy and sell bitcoin at any time
after this madness, where should virtual currency go? According to the analysts of foresight Instry Research Institute, the future development trend of the instry mainly includes the following points:
1. Virtual currency may continue to develop for a long time. Due to the high security of virtual currency, it can't be issued at will, and Chinese and foreign people can't identify the user's identity information in the transaction process, a large number of people have a crazy pursuit of virtual currency
2. Virtual currency may be involved more widely in the future. As long as someone recognizes and uses virtual currency, the existence of virtual currency has value
virtual currency has been developing so far, prosperity and bubbles, wealth and dreams, questioning and supervision are all on the way. Investment is risky, so we should be cautious. At present, such playing methods as bitcoin have not been approved by the regulatory authorities. It is suggested that ordinary investors should participate in the game within their ability.
after this madness, where should virtual currency go? According to the analysts of foresight Instry Research Institute, the future development trend of the instry mainly includes the following points:
1. Virtual currency may continue to develop for a long time. Due to the high security of virtual currency, it can't be issued at will, and Chinese and foreign people can't identify the user's identity information in the transaction process, a large number of people have a crazy pursuit of virtual currency
2. Virtual currency may be involved more widely in the future. As long as someone recognizes and uses virtual currency, the existence of virtual currency has value
virtual currency has been developing so far, prosperity and bubbles, wealth and dreams, questioning and supervision are all on the way. Investment is risky, so we should be cautious. At present, such playing methods as bitcoin have not been approved by the regulatory authorities. It is suggested that ordinary investors should participate in the game within their ability.
2. Understanding of the concept of virtual currency
(1) virtual currency based on entity
since ancient times, all "money" made of paper is called paper currency, and all countries in the world are actually paper currency. In Marx's time, paper money was only a symbol of metal money. The actual gold content of paper money was equal to the nominal gold content. When the nominal gold content was greater than the actual gold content, the price index of metal money would increase because of too many paper money. When it exceeded a certain limit, inflation would occur. Marx called these over issued bank notes without gold as guarantee virtual currency. In Keynesian era, paper money was the symbol of GDP. He defined the issue of paper money caused by making up the fiscal deficit as deficit money, and believed that the issue of paper deficit money could promote the development of proction to a certain extent, but only cause half inflation. Zhang chunjia's research in "Introction to virtual currency" also proves that paper money without precious metal and GDP guarantee will cause price rise, and this kind of money is called virtual currency
(2) virtual currency based on virtual
virtual currency is a new type of currency emerging at a certain stage of network social and economic development to meet the security and convenience needs of users. It represents the development direction of future currency existence form. It comes from the Internet, and acts as a general equivalent in the network society completely or partially. Virtual currency is a real currency with the basic attributes of currency, but it is virtual and depends on the network virtual environment. Virtual currency is born without borders, which makes it more liquid than traditional currency in the world. Virtual world corresponds to the real world. Through the exchange relationship between virtual currency and traditional currency, under certain conditions, specific virtual currency can buy physical goods, and traditional currency can also buy specific virtual goods< Second, the characteristics of virtual currency
1. Value: users get utility value by consuming the procts and services provided by operators. Virtual currency has value by providing exchange to meet the utility of consumers. The quantity of virtual currency measures the value of general goods. The issue essence of virtual currency is credit issue, which is the creditor's right of the holder to the issuer. To a certain extent, the value of this kind of claim is the right of claim
2. Virtual environment dependence. The existence of virtual currency is based on the virtual economic environment provided by the issuers and the sustainable operation of the issuers themselves. Otherwise, virtual currency has no significance.
3. Short sighted currency. As the highest price in the process of commodity exchange, the form of currency value can be regarded as the real currency. Because of the limitation of circulation scope, virtual currency can not be used as the general equivalent of all commodities; But in a certain range, it has the function of monetary value scale and circulation means. Therefore, it can be considered that virtual currency is similar to the form of money value, and it is a primary form of money, which is similar to money< The issue and circulation of virtual money is limited, but it will enlarge the money supply through the money multiplier effect, and affect the difficulty and accuracy of macroeconomic regulation and control. The issuers of virtual money need to report their circulation and circulation to the central bank, and obey the unified management of the central bank at any time
5. Virtual currency, which is issued by non-financial entities outside the financial system, aims to obtain business opportunities and competitive advantages. It is a market behavior and will inevitably lead to competition among issuers. This kind of competition will proce unfair competition behavior or obtain competitive advantage through rent-seeking, which determines the need to regulate the market behavior of the market subject according to the laws and regulations
6. Virtuality: as a kind of approximate currency, virtual currency is virtual existence if it only exists in the virtual world and can purchase the virtual property in it; If it is linked with sovereign currency, it can exist in the real world and purchase real assets, then it is a virtual thing of sovereign currency. Virtual currency is actually a series of data files existing in the computer system. It has the meaning of virtual currency only after the issuers explain the system. Therefore, the existence form of virtual currency is virtual< In general, virtual currency can purchase the procts and services provided by the issuers, and it can also be exchanged with the issuers outside the scope of issuance at a certain rate to purchase the procts of the alliance. For procts outside the alliance, virtual currency has no value significance; Similarly, when virtual currency is only authorized to buy different procts in different sales cycles, the use of virtual currency has limited application in time and scope, unlike sovereign currency, which can be completely freely exchanged
8. Separability: virtual currency has no physical form and is a digital storage information. Unlike traditional paper currency, it needs to consider the balance relationship between the circulation of main currency and subsidiary currency and the proportion of various currency values. It can be split infinitely. For example, although the total number of dark coins is only 2300, each bitcoin can be split into eight directions of ten< Although virtual currency exists in the virtual world, the process of new technological revolution has closely linked the virtual world with reality, and the virtual world has become an important part of people's spiritual life. It can promote the development of real economy, for example, a large number of entertainment application projects provide people with rich spiritual wealth and real wealth, and more and more people invest in virtual currency, which represents a trend, and the more successful ones are bitcoin, Leyte coin and the new domestic King coin; On the contrary, money laundering, gambling and network theft in the virtual world will have a negative effect on the real economy.
(1) virtual currency based on entity
since ancient times, all "money" made of paper is called paper currency, and all countries in the world are actually paper currency. In Marx's time, paper money was only a symbol of metal money. The actual gold content of paper money was equal to the nominal gold content. When the nominal gold content was greater than the actual gold content, the price index of metal money would increase because of too many paper money. When it exceeded a certain limit, inflation would occur. Marx called these over issued bank notes without gold as guarantee virtual currency. In Keynesian era, paper money was the symbol of GDP. He defined the issue of paper money caused by making up the fiscal deficit as deficit money, and believed that the issue of paper deficit money could promote the development of proction to a certain extent, but only cause half inflation. Zhang chunjia's research in "Introction to virtual currency" also proves that paper money without precious metal and GDP guarantee will cause price rise, and this kind of money is called virtual currency
(2) virtual currency based on virtual
virtual currency is a new type of currency emerging at a certain stage of network social and economic development to meet the security and convenience needs of users. It represents the development direction of future currency existence form. It comes from the Internet, and acts as a general equivalent in the network society completely or partially. Virtual currency is a real currency with the basic attributes of currency, but it is virtual and depends on the network virtual environment. Virtual currency is born without borders, which makes it more liquid than traditional currency in the world. Virtual world corresponds to the real world. Through the exchange relationship between virtual currency and traditional currency, under certain conditions, specific virtual currency can buy physical goods, and traditional currency can also buy specific virtual goods< Second, the characteristics of virtual currency
1. Value: users get utility value by consuming the procts and services provided by operators. Virtual currency has value by providing exchange to meet the utility of consumers. The quantity of virtual currency measures the value of general goods. The issue essence of virtual currency is credit issue, which is the creditor's right of the holder to the issuer. To a certain extent, the value of this kind of claim is the right of claim
2. Virtual environment dependence. The existence of virtual currency is based on the virtual economic environment provided by the issuers and the sustainable operation of the issuers themselves. Otherwise, virtual currency has no significance.
3. Short sighted currency. As the highest price in the process of commodity exchange, the form of currency value can be regarded as the real currency. Because of the limitation of circulation scope, virtual currency can not be used as the general equivalent of all commodities; But in a certain range, it has the function of monetary value scale and circulation means. Therefore, it can be considered that virtual currency is similar to the form of money value, and it is a primary form of money, which is similar to money< The issue and circulation of virtual money is limited, but it will enlarge the money supply through the money multiplier effect, and affect the difficulty and accuracy of macroeconomic regulation and control. The issuers of virtual money need to report their circulation and circulation to the central bank, and obey the unified management of the central bank at any time
5. Virtual currency, which is issued by non-financial entities outside the financial system, aims to obtain business opportunities and competitive advantages. It is a market behavior and will inevitably lead to competition among issuers. This kind of competition will proce unfair competition behavior or obtain competitive advantage through rent-seeking, which determines the need to regulate the market behavior of the market subject according to the laws and regulations
6. Virtuality: as a kind of approximate currency, virtual currency is virtual existence if it only exists in the virtual world and can purchase the virtual property in it; If it is linked with sovereign currency, it can exist in the real world and purchase real assets, then it is a virtual thing of sovereign currency. Virtual currency is actually a series of data files existing in the computer system. It has the meaning of virtual currency only after the issuers explain the system. Therefore, the existence form of virtual currency is virtual< In general, virtual currency can purchase the procts and services provided by the issuers, and it can also be exchanged with the issuers outside the scope of issuance at a certain rate to purchase the procts of the alliance. For procts outside the alliance, virtual currency has no value significance; Similarly, when virtual currency is only authorized to buy different procts in different sales cycles, the use of virtual currency has limited application in time and scope, unlike sovereign currency, which can be completely freely exchanged
8. Separability: virtual currency has no physical form and is a digital storage information. Unlike traditional paper currency, it needs to consider the balance relationship between the circulation of main currency and subsidiary currency and the proportion of various currency values. It can be split infinitely. For example, although the total number of dark coins is only 2300, each bitcoin can be split into eight directions of ten< Although virtual currency exists in the virtual world, the process of new technological revolution has closely linked the virtual world with reality, and the virtual world has become an important part of people's spiritual life. It can promote the development of real economy, for example, a large number of entertainment application projects provide people with rich spiritual wealth and real wealth, and more and more people invest in virtual currency, which represents a trend, and the more successful ones are bitcoin, Leyte coin and the new domestic King coin; On the contrary, money laundering, gambling and network theft in the virtual world will have a negative effect on the real economy.
3. How to issue more money? At present, the digital currency of banks has been in a stage of additional issuance, and can not meet the market demand
4. Dote is a kind of digital currency, its circulation is constant, which can ensure its value preservation and appreciation. The reason for the emergence of such digital currency is that the currency exchange between countries is very troublesome, the exchange rate fluctuates greatly, and the transaction is very inconvenient. Buy more special currency, it is issued by many countries at the same time, between countries can trade on the platform, so convenient, fast, not affected by exchange rate fluctuations.
5. It's good to be a scientist. It's very professional. Most people can't understand it
6. 1. The fixed exchange rate of RMB against the US dollar and the foreign exchange reserves brought about by the trade surplus, each US dollar of foreign exchange reserves corresponds to an additional issuance of RMB 6.6 (previously US $8). According to the current US $3 trillion foreign exchange reserves, this alone has an additional issuance of nearly RMB 20 trillion. In 1990, the total amount of RMB (M2) was only 1 trillion yuan
2, credit of commercial banks. In the first way, the newly issued currency has a term called "high-energy currency", because after this part of currency enters the current partial reserve banking system, the reserve ratio will be multiplied. According to the 20% reserve ratio, if a commercial bank has a deposit of one yuan, it can make a loan of five yuan. As a result, the 20 trillion high energy money in front will become a super bubble close to 100 trillion yuan loan. When you buy a house with a loan, you are issuing more money
2, credit of commercial banks. In the first way, the newly issued currency has a term called "high-energy currency", because after this part of currency enters the current partial reserve banking system, the reserve ratio will be multiplied. According to the 20% reserve ratio, if a commercial bank has a deposit of one yuan, it can make a loan of five yuan. As a result, the 20 trillion high energy money in front will become a super bubble close to 100 trillion yuan loan. When you buy a house with a loan, you are issuing more money
7. Is there any reward? Let me talk about it
a better way to understand is to think of the country as a person. For example, China has printed a new yuan, claiming that the new yuan represents the newly increased wealth in China this year, and then you can use the new yuan to buy things from other countries
you may think this sentence is nonsense, but I still want to say it, otherwise it will be sprayed by some nerd economists. What you want to hear is the following sentence:
who issues it belongs to? On the surface, the government releases it in the form of loans. When it comes back, it will become a real object. The last place to be used can be used to build railways, pay civil servants' salaries, and lend it to foreigners. To put it bluntly, it is to plunder the newly increased wealth, But the value of the money created to represent this wealth is used for circulation. As long as it does not increase, it does not matter who prints it
according to the concept of absolute fairness, everyone has a share of the newly printed money
most of the reason why the United States is so bullish is because of the international status of the US dollar.
a better way to understand is to think of the country as a person. For example, China has printed a new yuan, claiming that the new yuan represents the newly increased wealth in China this year, and then you can use the new yuan to buy things from other countries
you may think this sentence is nonsense, but I still want to say it, otherwise it will be sprayed by some nerd economists. What you want to hear is the following sentence:
who issues it belongs to? On the surface, the government releases it in the form of loans. When it comes back, it will become a real object. The last place to be used can be used to build railways, pay civil servants' salaries, and lend it to foreigners. To put it bluntly, it is to plunder the newly increased wealth, But the value of the money created to represent this wealth is used for circulation. As long as it does not increase, it does not matter who prints it
according to the concept of absolute fairness, everyone has a share of the newly printed money
most of the reason why the United States is so bullish is because of the international status of the US dollar.
8. There are several reasons for the country to issue more money:
1. Society is developing, population is growing again, and GDP is also growing, which should be reflected by sufficient growing money
2. China has a long-term import and export surplus, and enterprises earn a lot of foreign exchange abroad. This part of foreign exchange is returned to China and directly converted into RMB by banks for domestic use. China has several trillion US dollars of foreign exchange reserves, ranking first in the world, which requires printing a large number of RMB to exchange foreign exchange
3. Issuing more money can rece the interest rate, that is, the cost of money. This can promote investment, and investment growth can promote economic growth. Only economic growth can drive employment growth and raise people's income.
1. Society is developing, population is growing again, and GDP is also growing, which should be reflected by sufficient growing money
2. China has a long-term import and export surplus, and enterprises earn a lot of foreign exchange abroad. This part of foreign exchange is returned to China and directly converted into RMB by banks for domestic use. China has several trillion US dollars of foreign exchange reserves, ranking first in the world, which requires printing a large number of RMB to exchange foreign exchange
3. Issuing more money can rece the interest rate, that is, the cost of money. This can promote investment, and investment growth can promote economic growth. Only economic growth can drive employment growth and raise people's income.
9. Inflation generally refers to the devaluation of banknotes and the rise of prices caused by the issue of banknotes exceeding the amount of money actually needed in commodity circulation. Its essence is that the total social demand is greater than the total social supply
inflation in modern economics means the rise of the overall price level. General inflation is the decline of market value or purchasing power of currency, while currency depreciation is the relative decline of currency value between two economies. The former is used to describe the national currency value, while the latter is used to describe the added value in the international market. The relationship between them is one of the controversies in economics
the circulation law of paper money shows that the circulation of paper money can not exceed the amount of gold and silver money it symbolically represents. Once it exceeds this amount, the paper money will depreciate and the price will rise, resulting in inflation. Inflation can only occur under the condition of paper currency circulation, but not under the condition of gold and silver currency circulation. Because gold and silver money has its own value, as a means of storage, it can spontaneously adjust the amount of money in circulation and make it adapt to the amount of money needed for commodity circulation. Under the condition of paper currency circulation, because paper currency itself has no value, it is only a symbol of gold and silver currency, and can not be used as a storage means. Therefore, if the circulation of paper currency exceeds the quantity needed for commodity circulation, it will depreciate
for example, if the amount of gold and silver currency needed in commodity circulation remains unchanged, and the amount of paper money issued exceeds twice the amount of gold and silver currency, the unit paper money can only represent 1 / 2 of the value of the unit gold and silver currency. In this case, if the price is measured by paper money, the price will double, which is commonly known as currency devaluation. At this time, the amount of paper money in circulation is double that of gold and silver money needed in circulation, which is inflation. In macroeconomics, inflation mainly refers to the general rise of prices and wages
inflation in modern economics means the rise of the overall price level. General inflation is the decline of market value or purchasing power of currency, while currency depreciation is the relative decline of currency value between two economies. The former is used to describe the national currency value, while the latter is used to describe the added value in the international market. The relationship between them is one of the controversies in economics
the circulation law of paper money shows that the circulation of paper money can not exceed the amount of gold and silver money it symbolically represents. Once it exceeds this amount, the paper money will depreciate and the price will rise, resulting in inflation. Inflation can only occur under the condition of paper currency circulation, but not under the condition of gold and silver currency circulation. Because gold and silver money has its own value, as a means of storage, it can spontaneously adjust the amount of money in circulation and make it adapt to the amount of money needed for commodity circulation. Under the condition of paper currency circulation, because paper currency itself has no value, it is only a symbol of gold and silver currency, and can not be used as a storage means. Therefore, if the circulation of paper currency exceeds the quantity needed for commodity circulation, it will depreciate
for example, if the amount of gold and silver currency needed in commodity circulation remains unchanged, and the amount of paper money issued exceeds twice the amount of gold and silver currency, the unit paper money can only represent 1 / 2 of the value of the unit gold and silver currency. In this case, if the price is measured by paper money, the price will double, which is commonly known as currency devaluation. At this time, the amount of paper money in circulation is double that of gold and silver money needed in circulation, which is inflation. In macroeconomics, inflation mainly refers to the general rise of prices and wages
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