Can super sovereign digital currency succeed
it can be said that China's currency provides a useful space for a RMB transaction in the world. Even for many people, digital RMB may provide a useful and effective way for a world bank to communicate
the use of digital currency has a direct impact on a country's economic development. It can be said that on the technical level, digital currency provides a forced mechanism to ensure that it can monitor all capital flows and implement greater control over China's financial system and capital account. The development of digital currency in China can also effectively provide the direction for China to avoid the U.S. leader's financial system
Recently, the price of global crypto digital currency is quite unstable. bitcoin has fallen below US $7000 from its peak of US $20000 at the end of last year, and soared by more than 11% in one day. There are huge fluctuations in the market, and there are many differences in the attitudes of countries towards digital currency. Some announced that they would issue the world's first sovereign legal digital currency, showing a "strong support" attitude, and more countries carefully observed and focused on research and guidance
the existing monetary and financial system is not a natural evolution, but an inevitable result of legal restrictions or government regulation. Although cryptocurrency has many defects, it is also a valuable experiment, especially in the exploration of super sovereign currency. Different from precious metal currency and credit currency, they are oriented to the exploration of "transaction benchmark consensus" in the data age. Of course, if it is affected by too much price fluctuation, speculation, deflation restrictions, etc., and the payment function of crypto digital currency can not be truly implemented, it can only be further and further away from the "currency experiment", or become a special basic "digital asset", or a flash in the pan in the long history
still want to cancel virtual currency< br />
Step 2: when there is a coin, you have to re cast to continue playing. At this time, with the price rising, no one is willing to sell it. Selling it means jumping off the car. You can only re cast and pull people to speed up. This is to let ordinary players hoard money
Step 3: because you can only sell money when you meet certain conditions, you can find a small number of impatient and greedy people in the form of pulling people's heads and spreading the net. You can tempt them to buy money in the exchange, or even invest some money to buy money yourself, so as to achieve the effect of hunger marketing. In the early stage, there are not many players willing to sell money. At this time, the platform will create money to sell money to them in the background, What the platform earns is their money
Step 4: when the market closes suddenly, a large number of cautious players will not lose money but will not make money because they haven't sold a lot of coins. They are just tools for expansion, while greedy players will lose money if they buy a lot of coins
in a word, no matter what kind of people are used, they are greedy! The way is high, the devil is high, the swindler's routine is deep, and greed will be cheated!
Let's talk about professional red brother. The game of funds also needs a tuyere. Of course, the biggest tuyere in our market comes from policy. The earning rate of stocks is probably that there is a tuyere and the price is low
digital currency is an alternative currency in the form of electronic currency, which has become legal tender, such as bitcoin, Leyte coin, bitstock, etc. Our digital currency started its pilot at the beginning of the year, and in the future, it will play a part in the function of current circulating currency, so that some related listed companies will benefit.
last week, the concept of digital currency rose collectively. In fact, following red brother, we know that the market is in a downturn after the Spring Festival. In fact, red brother has repeatedly hinted that when they are in a downturn, Can bargain layout. This plate is also a lot of analysis
Special Drawing Right (SDR) is a kind of reserve asset and accounting unit created by the International Monetary Fund, also known as "paper gold". It is a right to use funds allocated by IMF to Member States. When a member state has a balance of payments deficit, it can exchange foreign exchange with other Member States designated by IMF to repay the balance of payments deficit or IMF loans. It can also act as an international reserve like gold and freely convertible currency. However, because it is only a unit of account, not a real currency, it must be changed into other currencies when it is used, and can not be directly used for trade or non trade payments. Because it is a supplement to the original ordinary drawing right of the International Monetary Fund, it is called special drawing right (SDR)
the establishment of SDR has gone through a long brewing process. The first US dollar crisis in the early 1960s exposed the major defects of the Bretton Woods monetary system with us dollar as the center, and made more and more people realize that the international monetary system with one country's currency as the pillar can not maintain long-term stability. Since the mid-1960s, the reform of the international monetary system established after World War II has been put on the agenda. In order to save the declining status of US dollar and pound sterling, prevent the further loss of gold, compensate for the shortage of US dollar, pound sterling and gold, and meet the needs of the development of world trade, the United States and Britain are on the one hand. The six Western European countries, led by France, believe that it is not the lack of international circulation means, but the "overflow of US dollars" and the excess of currency. Therefore, it is emphasized that the United States should eliminate its balance of payments deficit, strongly oppose the creation of a new reserve currency, and advocate the establishment of a gold based reserve currency unit to replace the US dollar and the pound. In April 1964, Belgium put forward a compromise: increasing the automatic drawing rights of countries to IMF, rather than innovating another reserve currency to solve the problem of insufficient means of international circulation. The "group of ten" of the IMF adopted this Belgian plan, which is close to that of the United States and the United Kingdom, and was approved at the annual meeting of the IMF in September 1967. In March 1968, the "group of ten" put forward the formal scheme of SDR. But it was shelved because France refused to sign. After the U.S. dollar crisis forced the U.S. government to announce that the U.S. dollar will stop exchanging gold, the U.S. dollar can no longer be used as an independent international reserve currency, and at this time, the currencies of other countries do not have the conditions to be used as an international reserve currency. In this way, there will be a crisis. If the international reserve currency or international circulation means cannot be increased, the development of world trade will be affected. Therefore, providing supplementary reserve currency or circulation means has become the most urgent task of IMF. Therefore, at its annual meeting in 1969, IMF formally adopted the reserve currency plan proposed by the "group of ten"
this is a connection
http://ke..com/view/9782.html?wtp=tt
on June 26, 2009, the people's Bank of China released the China financial stability report (2009), which is the official proposal of the people's Bank of China to create a super sovereign international reserve currency since March
reform the international monetary system, promote the improvement of the international reserve currency in the direction of stable currency value, orderly supply and adjustable aggregate, and fundamentally maintain the global economic and financial stability. To avoid the inherent defects of sovereign credit currency as a reserve currency, we need to create an international reserve currency that is decoupled from sovereign countries and can maintain long-term stability of currency value, give full play to the role of special drawing right (SDR), and let IMF centrally manage part of the reserves of member countries, so as to enhance the ability of the international community to cope with the crisis and maintain the stability of the international monetary and financial system
the report of the people's Bank of China emphasizes that the special drawing right (SDR) should give full play to its role. The IMF should centrally manage part of the reserves of member countries, rece the excessive dependence on a few existing reserve currencies, and enhance the ability of the international community to cope with the crisis and maintain the stability of the international monetary and financial system.