Can digital currency replace legal tender
Publish: 2021-05-13 15:31:08
1. Here's what central bank governor Zhou Xiaochuan said: in the future, digital currency will graally replace traditional currency
we can't say the timetable of digital currency yet. China has a large population and a large volume. For example, a new version of RMB can be changed in a few months for small countries, but it will take about 10 years for China. Therefore, digital currency and cash will be parallel and graally replaced for quite a long time. In the later stage, the transaction cost of cash will graally rise. For example, in the past, banks were asked to count a large number of coins, and there was no charge for them. Later, they may need to charge. With the incentive mechanism, people will naturally use more digital currency, but the two will still co deposit in the longer term
the central bank's issuance of digital currency is also inspired by cryptocurrencies such as bitcoin and lettercoin, and the European crowdfunding model of combining digital currency with real assets also draws on the experience of bitcoin.
we can't say the timetable of digital currency yet. China has a large population and a large volume. For example, a new version of RMB can be changed in a few months for small countries, but it will take about 10 years for China. Therefore, digital currency and cash will be parallel and graally replaced for quite a long time. In the later stage, the transaction cost of cash will graally rise. For example, in the past, banks were asked to count a large number of coins, and there was no charge for them. Later, they may need to charge. With the incentive mechanism, people will naturally use more digital currency, but the two will still co deposit in the longer term
the central bank's issuance of digital currency is also inspired by cryptocurrencies such as bitcoin and lettercoin, and the European crowdfunding model of combining digital currency with real assets also draws on the experience of bitcoin.
2. Digital currency will be a supplement to the currency series, completing the same payment and clearing functions as paper money. Of course, digital currency has its unique advantages, and new currency application functions may appear in the future. Compared with paper money, digital money is more convenient and easier to store, but when it comes to replacement, it is not necessarily possible, at least in the short term.
3. The value of digital currency is to replace paper money and become the mainstream form of currency. It is also the trend of social development that digital currency replaces paper money. Now the central bank has started to develop digital currency, and it is possible that it will meet with us in recent years. However, when this digital currency was born, there may be many restrictions, and it is impossible to popularize it in a large scale
however, the digital currency planned by the central bank is also different from bitcoin, Leyte, decent and other digital cryptocurrencies, but it will be used for reference.
however, the digital currency planned by the central bank is also different from bitcoin, Leyte, decent and other digital cryptocurrencies, but it will be used for reference.
4. Whether it is MLM or not should be judged according to its specific operation mode<
MLM refers to the behavior of organizers or operators' developers who seek illegal benefits, disrupt economic order and affect social stability by calculating and paying remuneration to the developed personnel based on their number of directly or indirectly developed personnel or sales performance, or requiring the developed personnel to obtain the qualification to join in on the condition of paying certain fees< According to Article 7 of the regulations on the prohibition of pyramid selling issued by the State Council, the following acts belong to pyramid selling:
1. Organizers or business operators, through development personnel, require the developed personnel to develop other personnel to join, To calculate and pay remuneration (including material rewards and other economic benefits, the same below) to the developing personnel based on the number of the personnel they have directly or indirectly developed in a rolling way, so as to seek illegal benefits
2. The organizers or business operators, through the development personnel, require the personnel to be developed to pay fees or pay fees in disguised form by way of subscribing for commodities, so as to obtain the qualification of joining or developing other personnel to join, and seek illegal interests
3. The organizer or operator, through the development personnel, requires other personnel developed by the development personnel to join in, forming an up-down and down-line relationship, and calculates and pays the online remuneration based on the sales performance of the lower line, so as to seek illegal interests.
MLM refers to the behavior of organizers or operators' developers who seek illegal benefits, disrupt economic order and affect social stability by calculating and paying remuneration to the developed personnel based on their number of directly or indirectly developed personnel or sales performance, or requiring the developed personnel to obtain the qualification to join in on the condition of paying certain fees< According to Article 7 of the regulations on the prohibition of pyramid selling issued by the State Council, the following acts belong to pyramid selling:
1. Organizers or business operators, through development personnel, require the developed personnel to develop other personnel to join, To calculate and pay remuneration (including material rewards and other economic benefits, the same below) to the developing personnel based on the number of the personnel they have directly or indirectly developed in a rolling way, so as to seek illegal benefits
2. The organizers or business operators, through the development personnel, require the personnel to be developed to pay fees or pay fees in disguised form by way of subscribing for commodities, so as to obtain the qualification of joining or developing other personnel to join, and seek illegal interests
3. The organizer or operator, through the development personnel, requires other personnel developed by the development personnel to join in, forming an up-down and down-line relationship, and calculates and pays the online remuneration based on the sales performance of the lower line, so as to seek illegal interests.
5. The purpose of the invention of bitcoin is to replace paper money and achieve absolute fairness in the lending process
it's like an account book. We can record all our loans on it. Anyone can write on it, but how can we ensure that others don't Scribble
you will want to sign at the back, but someone will fake your signature. So we need to use electronic signature, that is, each account will generate a key, which only you know, and then confirm that the signature is your own through the public key
the above is only a safe way of lending, but it still needs a website to act as a bank, so the website can modify the amount of lending at will, and there is no law to restrict it
therefore, it is necessary to decentralize, that is, to publish one's own account and let everyone share it, so that the opposite side will not cheat. But how do you make sure people don't tamper with your bills
first of all, an account book must be divided into one page, that is, blockchain. According to the content of the blockchain, a hash function (a bit like a key, but with different functions) will be generated. The hash function is a one-way function and can't be pushed backward, so you can only rely on guessing to decipher it. The amount of enumeration needed to decipher a password is called workload. Then the computer will stamp the proof of workload on your bill, and the proof of workload means there is no mistake. So how can you convince others that you're not lying
this requires credibility. The measure of credibility is workload. The bill with heavy workload has more credibility. The workload here does not refer to the amount of calculation, but refers to the number of bills, that is, the number of blockchains. The more repeated the same account is received, the stronger the credibility is. Because others will sort out the accounts they receive, and then re publish them, which is an infinite cycle process. This prevents people from cheating by not publishing their bills
every time a blockchain is released, it will be rewarded, that is, "mining". But in order to prevent the unlimited expansion of bitcoin, bitcoin will dig less and less, that is, the rewards will be less and less. Therefore, players want to increase the release volume of blockchain by paying others a reward (service charge) at their own expense, and at the same time form its monetary function
furthermore, the total number of bitcoin is unchanged, but more and more people use it, so it is more and more difficult to dig, which is why many people have been complaining about the mine disaster
in my opinion, bitcoin is not so much a currency as a game. In short, it means that you pay more for mining, and the more you dig, the more you win.
it's like an account book. We can record all our loans on it. Anyone can write on it, but how can we ensure that others don't Scribble
you will want to sign at the back, but someone will fake your signature. So we need to use electronic signature, that is, each account will generate a key, which only you know, and then confirm that the signature is your own through the public key
the above is only a safe way of lending, but it still needs a website to act as a bank, so the website can modify the amount of lending at will, and there is no law to restrict it
therefore, it is necessary to decentralize, that is, to publish one's own account and let everyone share it, so that the opposite side will not cheat. But how do you make sure people don't tamper with your bills
first of all, an account book must be divided into one page, that is, blockchain. According to the content of the blockchain, a hash function (a bit like a key, but with different functions) will be generated. The hash function is a one-way function and can't be pushed backward, so you can only rely on guessing to decipher it. The amount of enumeration needed to decipher a password is called workload. Then the computer will stamp the proof of workload on your bill, and the proof of workload means there is no mistake. So how can you convince others that you're not lying
this requires credibility. The measure of credibility is workload. The bill with heavy workload has more credibility. The workload here does not refer to the amount of calculation, but refers to the number of bills, that is, the number of blockchains. The more repeated the same account is received, the stronger the credibility is. Because others will sort out the accounts they receive, and then re publish them, which is an infinite cycle process. This prevents people from cheating by not publishing their bills
every time a blockchain is released, it will be rewarded, that is, "mining". But in order to prevent the unlimited expansion of bitcoin, bitcoin will dig less and less, that is, the rewards will be less and less. Therefore, players want to increase the release volume of blockchain by paying others a reward (service charge) at their own expense, and at the same time form its monetary function
furthermore, the total number of bitcoin is unchanged, but more and more people use it, so it is more and more difficult to dig, which is why many people have been complaining about the mine disaster
in my opinion, bitcoin is not so much a currency as a game. In short, it means that you pay more for mining, and the more you dig, the more you win.
6. Difference: credit currency refers to the currency whose value is lower than or even has no value, which can be circulated only by virtue of the credit of the issuer
promissory notes, bills of exchange, bank notes and cheques in circulation in transactions are all credit currencies. It reflects the credit relationship between creditors and debtors. Compared with traditional money, electronic money has different backgrounds, such as social background, economic conditions and technological level; Its manifestations are as follows: electronic money is transmitted and displayed by electronic pulse instead of paper, which is processed and stored by microcomputer without the size, weight and imprint of traditional money; Electronic money can only circulate in the field of transfer, and the circulation speed is much faster than that of traditional money; Traditional currency can be used in any area, while electronic currency can only be used in credit card market; The traditional currency is issued by the state and circulates compulsorily, while the electronic currency is issued by the bank. Its use can only be guided by propaganda, not forced orders. In addition, in use, legal currency should be used to reflect and realize the value of commodities, and settle the creditor's rights and debts between commodity procers; The influence of e-money on society is wider and deeper.
promissory notes, bills of exchange, bank notes and cheques in circulation in transactions are all credit currencies. It reflects the credit relationship between creditors and debtors. Compared with traditional money, electronic money has different backgrounds, such as social background, economic conditions and technological level; Its manifestations are as follows: electronic money is transmitted and displayed by electronic pulse instead of paper, which is processed and stored by microcomputer without the size, weight and imprint of traditional money; Electronic money can only circulate in the field of transfer, and the circulation speed is much faster than that of traditional money; Traditional currency can be used in any area, while electronic currency can only be used in credit card market; The traditional currency is issued by the state and circulates compulsorily, while the electronic currency is issued by the bank. Its use can only be guided by propaganda, not forced orders. In addition, in use, legal currency should be used to reflect and realize the value of commodities, and settle the creditor's rights and debts between commodity procers; The influence of e-money on society is wider and deeper.
7. China's legal digital currency refers to digital RMB, which is issued by the people's Bank of China in the form of digital legal currency. It is operated by designated operating institutions and exchanged to the public. Based on the broad account system, it supports the loose coupling function of bank accounts, and has the same price as banknotes and coins. It has value characteristics and legal compensation, and supports controllable anonymity. There are two key points in the concept of digital RMB. One is that digital RMB is legal tender in digital form; Another point is that it is equivalent to banknotes and coins. Digital RMB is mainly positioned at M0, that is, banknotes and coins in circulation
the central bank's digital currency has national credit and is equivalent to legal currency. Its functional attributes are exactly the same as those of traditional paper currency, but it is in digital form. Digital currency is concive to recing transaction costs, improving financial efficiency, and preventing money laundering and other illegal transactions
warm tips: the above explanation is for reference only
response time: January 6, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
the central bank's digital currency has national credit and is equivalent to legal currency. Its functional attributes are exactly the same as those of traditional paper currency, but it is in digital form. Digital currency is concive to recing transaction costs, improving financial efficiency, and preventing money laundering and other illegal transactions
warm tips: the above explanation is for reference only
response time: January 6, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
8. Not necessarily! It's in Panjin City! Not necessarily where, are back and forth to change the place, afraid you find someone to drag the relationship, to your identification of the first two days to inform you!
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