Digital currency cannot buy gold

1.

We need to call the police. This belongs to currency fraud. We can't blindly trust the virtual investment platform that can easily earn a lot of money. Fraud gangs often use "small investment, big income" as t to let investors taste the sweetness first and then increase investment, so as to achieve the purpose of fraud

at present, the so-called "digital currency" in the market is not legal digital currency. The so-called "digital currency" launched by some institutions and enterprises and the so-called promotion of the central bank's issuance of digital currency may involve pyramid selling and fraud. It is necessary for the general public to raise their risk awareness, invest rationally and prudently, and prevent the interests from being damaged

extended information:

five ways to distinguish whether digital currency is MLM currency. virtual currency does not rely on specific monetary institutions to issue, it is based on a specific algorithm, generated through a large number of calculations, is a decentralized way of issuing. Each different terminal node is responsible for maintaining the same account book, and the maintenance process is mainly to package and encrypt the transaction information by the algorithm, while the MLM currency is mainly issued by a certain organization, and the profit is made by pulling the head

2. Transaction mode. Virtual currency is a kind of sporadic transaction formed spontaneously in the market. After the scale is formed, the third party graally establishes an exchange to complete the transaction. The MLM currency is issued by an institution and traded on its own platform

3. The virtual currency itself is an open source program, maintained in the GitHub community. The parameters and methods of the total amount limit are shown in the open source code. The open source of MLM currency is completely ing other people's open source code, and there is no use of open source code to build programs, so its essence is controlled by the website like Q currency

Whether the source code link is given. The general decentralized digital currency will give the source code link in the prominent position of the official website, so as to show the operation mechanism of the monetary system openly and transparently. What MLM currency focuses on is the transaction process of recharge purchase, not to mention its operation mechanism, and even the website does not have the link address of the source code

5. Whether the official website starts with HTTPS. In general, the addresses of the official website and trading website of decentralized digital currency begin with HTTPS. The purpose of this kind of website is to protect users' data from illegal theft. But the official website of MLM currency, trading website and other related websites do not start with HTTPS

2. To explore the connotation of digital currency, we must clarify some concepts of model lake. For example, is it legal digital currency dominated by the central bank or illegal private fixed digital currency; Encryption of digital currency or electronic currency; Is it "selling dog meat with sheep's head"; "Bad money". Digital currency can not be said to be a fraud, but has certain risks, because digital gold currency is a form of physical currency, and its deposits are measured in gold rather than legal currency. Therefore, the purchasing power fluctuation of digital gold currency is related to the gold price. If the price of gold goes up, it becomes more valuable. If the price of gold goes down, it loses value
since there is no specific financial regulation to regulate digital gold money suppliers, they operate in a self-regulation way. Digital gold money suppliers are not banks, so banking regulations are not applicable.

3. No, China doesn't have so much gold. It is endorsed by national sovereign credit.

4. Can gold digital currency be invested? I think gold, digital currency, can be invested. For many years, gold has been increasing in value. So I think we can invest.

5. If you don't know much about digital gold and just hear from others that it can make money, you'd better not operate it casually, otherwise you may lose money.

6.

In 2020, the competition of digital currency is becoming more and more intense, and the new actions and new progress of various countries continue. Since 2014, the Central Bank of China has been promoting the research and development of digital currency, making it clear that digital RMB is mainly positioned as cash in circulation (M0). At present, digital RMB has been tested in Shenzhen, Suzhou, xiong'an, Cheng and the future Winter Olympic Games

Zhang Zhijun: the most basic payment carrier of digital RMB is mobile app. Of course, in order to enable people who do not use smart phones to use digital RMB, there can also be other carriers, such as smart payment card, which can be the same size as credit card, and even have password or biometric authentication functions, so that the holder can use it to pay, or recharge in some outlets. In fact, the process of digital RMB exchange can also be seen as a specific payment process, that is, using digital RMB to buy foreign currency or gold

7. The digital currency should be linked to gold, and then, for example, in exchange for the US dollar, it is linked to gold. The currency fluctuates up and down with the appreciation or depreciation of gold.

8. Digital currency is similar to gold in the gold standard era. Taking digital currency as legal currency actually means that the institutional arrangement of financial system will return from partial reserve system to full reserve system. Just imagine what would happen if all our banks could not make loans? What happens when money no longer has time value? In our memory, it is probably the time before the reform and opening up when the central bank relied on instructions to do everything and there were no commercial banks in the whole society.

9. On October 25, Mu Changchun, director of the digital currency Research Institute of the people's Bank of China, said at the Bund financial summit 2020 that digital RMB can buy gold or foreign exchange, and what paper money can buy, digital RMB can also buy
Mu Changchun said that digital RMB is legal tender, which is equivalent to banknotes and coins. What banknotes and coins can buy, digital RMB can buy. Banknotes can buy gold and can be exchanged for foreign exchange. Of course, digital RMB can also be exchanged< In fact, the central bank has repeatedly stressed that the legal figure RMB is the currency in circulation, that is, the substitution of M0, which has the same legal compensation as RMB. Fan Yifei, vice governor of the people's Bank of China, once pointed out in the financial times that digital RMB is a legal tender in the form of numbers issued by the people's Bank of China. It is mainly located in cash in circulation. It has the characteristics of value and legal compensation. It does not calculate and pay interest, and the central bank does not charge for services such as exchange and circulation
among them, legal compensation means to pay all public and private debts in China in digital RMB, and no unit or indivial can refuse to accept them if they have the conditions to accept them. That is to say, digital RMB is an alternative to the existing paper currency RMB in circulation. In addition, he also stressed that from the management rules of M0, the issuance and circulation of digital RMB should be regulated according to cash
the reporter noted that the law of the people's Republic of China on the people's Bank of China (Revised Draft) issued by the central bank on October 23 clearly pointed out that "RMB includes physical form and digital form", which also provides a legal basis for the use of digital RMB in the future. In addition, "no unit or indivial may make or sell token tickets or digital tokens to replace RMB in circulation on the market."
in addition, Mu Changchun also introced the results of Shenzhen digital RMB pilot at this year's annual meeting of Financial Street Forum. He said that as of 24 o'clock on October 18, a total of 47573 people had received red envelopes, accounting for 95.15% of the total number of winners. Among them, 62788 transactions were paid with red envelopes, and the amount of red envelopes was 8764231.23 yuan.

10.

It can not be said to be a fraud, but there are certain risks, because digital gold currency is a form of physical currency, and its deposits are measured in gold rather than legal currency. Therefore, the purchasing power fluctuation of digital gold currency is related to the gold price. If the price of gold goes up, it becomes more valuable. If the price of gold goes down, it loses value

since there is no specific financial regulation to regulate digital gold money suppliers, they operate in a self-regulation way. Digital gold money suppliers are not banks, so banking regulations are not applicable

extended data

to explore the connotation of digital currency, we must clarify some concepts of model lake. For example, is it legal digital currency dominated by the central bank or illegal private fixed digital currency; Encryption of digital currency or electronic currency; Is it "selling dog meat with sheep's head"; "Bad money"

new technology does make the conceptual boundary of money more blurred. Theoretically speaking, the new monetary economics points out the possibility of the disappearance of money, that is, legal paper money is no longer the only medium of transaction, and is eventually replaced by financial assets issued by the private sector that generate monetary income

in reality, although the status of fiat money is still unshakable, there have been various local scenes of private money in history, such as the universal warra system in Germany in the 1920s. Now the digital currency with the characteristics of decentralization makes the challenge of private currency increasingly prominent< br />