Digital currency eliminates banks

1.

Fourth, in terms of financial services, it mainly refers to various intermediary businesses such as collection and payment, consulting and so on. For example, the collection of water, electricity and coal is small and the number of users is huge. These companies will still entrust the bank to collect, and they still need to open an account in the bank, so the impact of digital currency issuance on financial services is small. Fifthly, the function of credit creation mainly refers to that the loan is re deposited in the bank, waiting for investment or use, resulting in derivative deposits and currency multiplier effect, which has nothing to do with the issue of digital currency

the issuance of digital currency will not rece the number of bank outlets, because the basic function of the bank is far from the payment intermediary function, as well as macroeconomic regulation, the development of deposit and loan business, as well as financial services, intermediary business, and so on. What's more, many people still insist on using cash to pay and transfer. Therefore, the issue of digital currency can not eliminate the outlets of banks. The real impact on bank outlets is the rise of Internet finance. Banking business moves from offline to online. People generally accept using mobile banking app to deal with business, and then the physical outlets of banks will be canceled

2. bitcoin (bitcoin: bitcoin) is a kind of network virtual currency, which can buy real-life goods. It is characterized by decentralization, anonymity, and can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Therefore, it is used as a money laundering tool by some criminals. In 2013, the U.S. government recognized the legal status of bitcoin, making the price of bitcoin soar. In China, on November 19, 2013, a bitcoin was equivalent to 6989 yuan
on January 7, 2014, Taobao announced that it would ban the sale of Internet virtual currencies such as bitcoin and lightcoin from January 14. On February 26, 2014, Democratic Senator Joe Manchin of West Virginia issued an open letter to a number of regulatory authorities of the US federal government, hoping that relevant institutions would pay attention to the current situation of bitcoin encouraging illegal activities and disrupting the financial order, and demanded that actions be taken as soon as possible to completely ban the electronic currency. On January 11, 2017), the Shanghai headquarters of the people's Bank of China and the Shanghai Municipal Finance Office carried out on-site inspection of bitcoin China, focusing on whether the enterprise carried out credit, payment, exchange and other related businesses without permission or license; Implementation of anti money laundering system; Fund security risks, etc. On January 12, 2017, the business management department of the people's Bank of China also entered the trading platforms such as "fire coin net" and "currency bank" in Beijing
on May 12, 2017, a global outbreak of bitcoin virus madly attacked public and commercial systems! Nearly 74 countries in the world have been seriously attacked
from August 1, 2017, global bitcoin trading platform will suspend recharge and withdrawal services. Bitcoin China digital asset trading platform will stop new user registration on September 14, and all trading businesses will be stopped on September 30.

3. 24h volume refers to the trading volume of the currency within 24 hours. Generally speaking, the larger the trading volume, the more active the transaction, and the stronger the liquidity of the currency.
look at today's volume:

4. The digital currency of the central bank can't see any influence now. Let's take another look

5. Golem is a typical representative of application blockchain projects. It is a computing resource trading platform based on Ethereum blockchain. How can it rece the cost of computing power
golem is the first computing resource trading platform based on Ethereum blockchain. Through the blockchain, Golem can link the global computing resources, so as to realize the global sharing of computing power. Application owners and indivial users (computing power "requesters") can rent computing power (computing power "suppliers") from other users point to point
at present, the monopoly of computing power market is serious, and they enjoy high profits with the help of market advantages, which leads to the high price of computing power
decentralized computing power trading platform may significantly rece the price of computing power, but its development depends on the number of platform participants
Golem token is referred to as GNT. When using computing resources, it needs to pay GNT remuneration to computing power suppliers and software developers. The total number of gnts is 1 billion. 82% of gnts are sold and circulated outside, and 18% of gnts remain in the hands of Golem team.

6. When we put in money, we paid back four and a half months. After everyone put in the money, Xiaomi broke her promise again and again. Her daily income of about 30 yuan became about 10 yuan, and her salary on the 5th of each month became an obvious fraud.

7. As of August 21, 2019, the digital currency Research Institute of the central bank has applied for 74 patents for the design of digital currency
this model does not change the relationship between creditor's rights and debt of currency in circulation, the existing money supply system and al account structure, will not constitute a competition for commercial banks' deposit currency, will not increase the dependence of commercial banks on the inter-bank lending market, will not affect the lending ability of commercial banks, and will not lead to the phenomenon of "financial disintermediation". At the same time, because it does not affect the existing monetary policy transmission mechanism, it will not strengthen the pro cyclical effect under the pressure environment, and it can improve the convenience and security of payment, and it also has the credit advantage of central bank endorsement<
practical significance:
the digitalization of central bank's currency helps to optimize the central bank's monetary payment function and improve the central bank's monetary status and the effectiveness of monetary policy. The central bank's digital currency can become an interest bearing asset to meet the holder's reserve demand for safe assets, and can also become the lower limit of bank deposit interest rate. It can also become a new monetary policy tool. At the same time, the central bank can affect the bank's deposit and loan interest rate by adjusting the central bank's digital currency interest rate, and help break the zero interest rate lower limit
for reference.

8. All kinds of digital currencies on the market are essentially a game of playing drums and spreading money, plus a pyramid scheme! It's all scams carefully packaged by swindlers! It's just a tool to cut leeks in coin circle. The important thing is to say three times: don't invest in digital currency! Don't invest in digital currency! Don't invest in digital currencies.

9. If digital currency is fully popularized, then there is still a need for commercial banks to exist.