Can digital currency print banknotes indiscriminately

3. Strictly control the system loss sharing:
when the system loss is generated, it is shared equally by the profit-making customers after the settlement. Especially when the big market occurs, the sharp drop or sharp rise of the price will cause the customers to burst their positions in a large area, forming a huge system loss, and the loss will be shared equally by the profit-making customers. The mechanism of position margin + floating margin is adopted, A customer's position needs a fixed margin. When the floating margin reaches the warning line, the system will remind the customer to add margin. Otherwise, when the margin is not enough to hold so many positions, the system will forcibly level off the excess positions to control the risk of the customer. This mechanism strictly controls the leverage, and the leverage of futures can reach 10 times at most, The size of the position is determined by the customer's capital. Generally, a slightly larger fluctuation will not cause the customer to burst the position, so that the profit customers will not be allowed to share the system loss. Then the customer's profit capital can be fully recorded<

circuit breaker price mechanism:
the exclusive digital currency circuit breaker mechanism is provided. When the price fluctuates sharply in a short time, such as 10% within a few minutes, the circuit breaker mechanism will be triggered. If the price exceeds the circuit breaker price within one minute, the Commission will stop reporting. If the circuit breaker price is still maintained after one minute, the circuit breaker price will continue to be expanded. At this time, the client can continue to commission, But still can not exceed the current price. In this way, the fairness of the trading environment is prevented from being affected by human malicious entrustment, and the price manipulation is also avoided

- "detailed explanation of lightcoin Futures Rules"

4. If there is a sign, who will sell bitcoin? If everyone knows in advance, they will be millionaires.

5. A new resolution initiated by representative Adam kinzinger, a Republican from Indiana, has been submitted to the US House of Representatives, calling for a national policy on emerging technologies, including digital currency and blockchain technology
the resolution calls on the idea of bitcoin, but does not directly mention its name. Instead, it calls it "alternative illegal currency". Blockchain technology is the key point, which points out that this technology has the potential to "fundamentally change" the way trust and security are built on online transactions
but in fact, the United States has not taken action to formulate this rule. However, there is a global blockchain alliance R3 in the process of formulating the standard for the use of blockchain. Of course, blockchain is just a technology that can be used by anyone. In China, there is a project called decent, which is more avant-garde. It uses blockchain technology to create a decentralized content release, but it may encounter some problems in China.

6.

First of all, in developed countries, no matter how powerful the government is, its central bank can not be required to issue money indiscriminately. Its central bank has strong independence in monetary policy and does not have to follow the instructions of government departments

However, the US Federal Reserve has always insisted on its independence in monetary policy, which has stabilized the US dollar's hegemonic position, otherwise the US dollar would have become waste paper for a long time. It's also because the U.S. government can't print dollars at will

So when it comes to money shortage, we can only apply to the U.S. Congress for approval again to break through the budget line and borrow money from the world by issuing U.S. Treasury bonds. Obviously, most countries' printing money is restricted by their own central bank. Unless the central bank is under the direct control of the government, it will inevitably lead to hyperinflation

moreover, although the Central Bank of a sovereign country has the right to print money, the issue of currency should also be linked to two things. We use it as an anchor (that is, the corresponding target). Otherwise, it will be punished for issuing currency recklessly

On the one hand, the amount of money issued should be linked to the total amount of GDP. For example, when we proce 100 yuan worth of social wealth, the central bank will put in 100 yuan of money. However, if we proce 100 yuan of social wealth and issue 200 yuan of banknotes, that is equal to half the depreciation of the purchasing power of money

on the other hand, the currency circulation of some countries should be linked to precious metals or commodities. When the Bretton Woods system was established in 1944, the US government announced that the US dollar was linked to gold, which we call us dollar. Now the dollar is tied to oil

just because the quantity of gold, oil and other resources on the earth is limited, we can only issue as many banknotes as there are such commodities, and there will never be the problem of over issuance of currency

extended data

the essence of money is the general equivalent. Now most money is paper money, even digital money. If it is not endowed with functions by law, it is nothing

If a country's economy fails and wants to transfer risks to the world or buy goods from the international community by printing a large number of banknotes, this kind of thing will definitely be "fire in paper". Once the situation of overprinting currency occurs, other countries will not accept the money of this country, which will not only affect the credibility of this country, but also make their own credibility crisis

many countries in the world prefer to borrow money from abroad rather than run their own money printing machines. This is mainly because the governments of most countries are unable to let their central banks issue a large amount of money, and the monetary policies of these central banks are independent

In addition, the amount of money issued in the same period must be linked to the wealth of national proction, or international commodities should be used as anchors instead of unlimited amount

the most important thing is that excessive printing of banknotes will soon lead to the collapse of a country's credibility. In the future, not only no one in the international community is willing to use the country's currency, but also the Congress is facing a credibility crisis. Therefore, some countries would rather be heavily in debt than print money indiscriminately. This is a road of no return