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The influence of central bank's digital currency on special c

Publish: 2021-04-29 14:15:43
1. On January 5, the pilot use of digital RMB in Shanghai realized Hard Wallet payment without mobile phone for the first time, and the development of digital RMB is accelerating

however, this move has aroused people's concern about bitcoin, and they even think that digital RMB will replace bitcoin

the central bank's digital currency represents the digitization of RMB cash. More reflected in improving the efficiency of domestic small high-frequency transactions, thus playing a role in replacing RMB cash, thus consolidating China's monetary sovereignty

however, bitcoin is a currency based on blockchain technology, which has a limit on the total amount of issuance and cannot be over issued

last time I talked about this with people from Yingfu University of Finance and economics. Because there is a fundamental difference between digital personal name coin and bitcoin, it will not bring much impact on the price trend of bitcoin.
2.

the natural nature of bitcoin is decentralized, but the Central Bank of digital currency must abide by the centralized management model. Compared with bitcoin, the central bank's digital currency has a higher "currency" value, and the price of bitcoin fluctuates greatly. the central bank's digital currency ensures the payment function in daily life, and has remained relatively stable since 2014. Since the beginning of the year, the central bank has been actively engaged in the research and development of digital currency, including the active application of relevant patents

starting from the issue of digital currency, the central bank uses a two-level operating system, which first converts digital currency into banks or other operating institutions, and then to the public. Mu Changchun said the al transmission system is suitable for China's national conditions. We can not only use the existing resources to mobilize the enthusiasm of commercial banks, but also improve the acceptance of digital currency without any problem

3.

To guard against the possible risks brought by bitcoin, we know that digital currency represented by bitcoin has high risks. This kind of risk is mainly reflected in two aspects: first, the limitation of digital currency makes it used as investment goods, and the price is extremely unstable. Those who do not understand the principle of digital currency and pay too much attention to speculation are easy to suffer losses for various reasons

Secondly, national digital currency is linked to its own legal currency to a certain extent, so it effectively avoids the price volatility of bitcoin. Because the CBDC issued by our country is guaranteed by the credit of the central bank, it must be a stable currency. In today's international situation, the research and development of digital currency in China is of great significance. The introction of digital currency is not an expedient measure, it has become the development direction of China's future currency

4. As far as I know, the central bank has not yet issued virtual currency, because the people's Bank of China said on the 21st that it will strive to issue digital currency as soon as possible. So there are many kinds of virtual currencies on the market, and the Liwu currency is not bad. You can study it. The move could help the yuan weaken the global dominance of the dollar and limit capital outflows.
5.

From the stable currency issued by banks, to the stable currency issued by Internet companies, to the present stable currency, all these mean that the future digital legal currency will come to people's vision and officially enter the stage of history, which will be initiated by central banks. Similar to the current public chains with different architectures, the digital currency of central banks will also use different technologies suitable for their national conditions. The digital currency of the central bank will explode in a certain period of time, which will make global trade more convenient, asset transfer will be extremely fast, and even drive the further development and innovation of traditional instries< but will bitcoin, the originator of digital currency, be replaced by central bank digital currency? Here mainly from the following aspects of analysis

3. Payment function and there will be certain restrictions on the payment function of the central bank's digital currency. If the comprehensive liberalization policy is implemented, it means that the exchange of legal currencies between countries is less regulated, so it may also cause large-scale capital loss, Therefore, the payment function of the central bank's digital currency may only be limited to specific regions and countries and cannot be spread out at will, which will also have an impact on its function

because bitcoin is a free digital currency, there are no restrictions on its use. Anyone can use bitcoin for value storage , which also facilitates more people who need money exchange. However, e to the high degree of freedom of bitcoin, the exchange rate between bitcoin and legal currency has certain volatility, As a result, the behavior of currency speculation also occurs. In different periods, legal currency and digital currency have different exchange rates. Therefore, bitcoin can only be used as a payment type digital currency in the short term, and can only be used as an investment proct in the long term. The two attributes of investment and payment are opposite to each other, This will continue for a long time to come

6. Digital currency is a development trend in the future. Digital currency makes the world smaller and more open to communication. Take bitcoin as an example. Bitcoin is a consensus network, contributing to a new payment system and a fully digital currency. It is the first decentralized peer-to-peer payment network, which is controlled by its users without a central management organization or middleman. From the user's point of view, bitcoin is much like Internet cash. Bitcoin can also be regarded as the most outstanding three style bookkeeping system

bitcoin is valuable because it is useful as a form of currency. Bitcoin has the mathematical characteristics of money (persistence, portability, interchangeability, scarcity, separability and identifiability) rather than relying on physical characteristics (such as gold and silver) or the trust of central authorities (such as fiat money). In short, bitcoin is backed by mathematics. With these characteristics, a form of money to have value requires trust and use. In contrast, this can be reflected in its growing base of users, businesses and start-ups. Like all currencies, the value of bitcoin comes directly from people who are willing to accept it as a means of payment, which is the only source.
7. Digital currency is written into the draft of the fourteenth five year plan of many places. Experts suggest that the pilot scope of digital RMB should be expanded. The central bank's currency or currency can better prevent money laundering, facilitate better supervision, and be more concive to the circulation of money, so as to improve the effect of wealth flow. Digital currency has become a hot word of local "two sessions", At present, bitcoin is more of a kind of speculation and investment assets, and it has also derived financial investment speculative procts based on bitcoin combined with traditional finance. Only in form, it is more innovative and radical than the traditional way, which is more in line with the characteristics of people's fast pace
the Xueshuo innovation blockchain Technology Workstation of Lianqiao ecation online is the only approved "blockchain Technology Specialty" pilot workstation of "smart learning workshop 2020 Xueshuo innovation workstation" launched by the school planning, construction and development center of the Ministry of ecation of China. Based on providing diversified growth paths for students, the professional station promotes the reform of the training mode of the combination of professional degree research, proction, learning and research, and constructs the applied and compound talent training system.
8.

with regard to this question, I can give you a simple and crude answer: the future value of bitcoin will be higher and higher, but this high is not his high value, but his routine will not be higher and higher many people may be familiar with digital currency. Now, when we open our browser, we will basically discuss various problems of digital currency. Investing in digital currency is a very good idea. However, if your brain is beyond your own reason, you will pay for it. The unreliable data shows that, Yesterday, the uncontrollable market of bitcoin reaped 35.4 billion yuan

It can be imagined that the 35.4 billion yuan is the hard-earned money of many people. , digital currency will develop very fast in the future and the world. It can be said that digital currency can make you rich overnight, and digital currency can also make you have nothing. Success is a day, and failure is a day, so you want to know the little partner of digital currency, We must understand the real meaning and function of digital currency. At present, according to the development of our country, it is obviously too late to take over bitcoin{ RRRRR}

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