The benefits of virtual currency replacing paper money
Caixin reporter: on January 20, the people's Bank of China held a seminar on digital currency and proposed to strive for the early launch of the digital currency issued by the central bank. What is the reason for this< In fact, the central bank has been studying digital currency for a long time. From the perspective of historical development trend, money has always evolved with the development of technological progress and economic activities. From the early physical money, commodity money to the later credit money, it is a natural choice to adapt to the development of human commercial society. As the currency of the previous generation, paper money has low technology content. From the perspective of safety and cost, it is the general trend to be replaced by new technology and new procts. In particular, with the development of the Internet and the great changes in payment methods all over the world, the establishment of digital currency issuance and circulation system is very necessary for the construction of financial infrastructure and the promotion of economic quality, efficiency and upgrading
how to replace it? There are several ideas: one is to imitate paper money. For example, transactions between paper money are anonymous, and digital currency also wants to be anonymous, which leads to its technology choice. But the reason why banknotes are anonymous is not designed intentionally at first, but no other technology can guarantee the convenience of a large number of small transactions. Of course, some people think that anonymity is better for future digital currency transactions, because assuming that the government may make mistakes, the privacy of private wealth and the use of wealth should be absolutely protected
from the perspective of the central bank, the future digital currency should try its best to protect private privacy, but social security and order are also important. In case of criminal problems, it is necessary to retain the necessary verification means, that is to say, it is necessary to find a balance between protecting privacy and cracking down on criminal activities. The mastery of the balance between these two motivations also makes the tendency of technology choice different<
Caixin: what are the central bank's ideas on the issue and management of digital currency? What's the difference between digital currency and digital currency spontaneously appearing in the current market< / > Zhou Xiaochuan: at present, what many countries in the world recognize is the framework of digital or electronic money dominated by the central bank, which may be different from that of the people
when the central bank issues digital currency, it mainly embodies the following principles: first, it provides convenience and security. Second, as mentioned above, we should balance the protection of privacy with the maintenance of social order and the fight against illegal and criminal acts, especially for money laundering, terrorism and other criminal acts. Third, it should be concive to the effective operation and transmission of monetary policy. The fourth is to retain the control of currency sovereignty. Digital currency is freely convertible and controllable. Therefore, we believe that digital currency as legal tender must be issued by the central bank. The issue, circulation and transaction of digital currency should follow the idea of integration of traditional currency and digital currency, and implement the same principle of management
Caixin: is there a timetable for the launch of digital currency? Is it going to replace paper money in the end
Zhou Xiaochuan: 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< However, there are many other applications of virtual currency. For example, the European crowdfunding platform uses blockchain technology to combine digital currency with real assets.
digital currency needs to be & quot; Miner Mining & quot; Generated, mining is through the computer graphics card hash operation, if calculated to & quot; Blasting & quot; The system will reward a certain amount of digital currency at one time. At present, the computing power of digital currency is growing rapidly, and the miners can't find the mine through several computers. Therefore, they need to join the mine pool. The mine pool collects all the computing power of everyone, and it is estimated that they can calculate to & quot; Blasting & quot; The probability of the value is greater.
Bus route: No.36, about 2.5km in total length
1. Walk about 100m from Shaoyang south bus station to south bus station
2. Take No.36, pass 4 stops, reach Nanmenkou station
3, walk about 230m, and reach Shaoyang Central Hospital in Hunan Province
bus route: No.25, about 2.4km in total length
1. Walk about 170m from Shaoyang south bus station, Arrive at south bus station
2, take bus No.25, pass 4 stops, arrive at Nanmenkou station
3, walk about 240 meters to Shaoyang Central Hospital of Hunan Province
at present, virtual digital currency is still in the stage of transition, research and development, and testing, and has not been recognized by the whole world, although some countries have started the relevant research process, and even will issue their own digital currency but there is a premise of digital currency, which is decentralization. A decentralized digital currency without control means cultural differences to a country
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Second, the electronic currency will be more convenient for people's proction and life, which is determined by the convenience and liquidity of currency. The replacement of metal currency by paper currency greatly facilitates people's proction and life, and the replacement of paper currency by digital currency is also determined by its characteristics. Third, from the social and economic point of view, digital currency has security, rapid circulation and environmental protection, which is lacking in paper money. The use of digital currency can improve the economic efficiency of the whole society and make the economy more active strong>
I believe we all know that "the central bank is promoting digital currency"? what is it? In fact, digital currency is an alternative currency in the form of electronic currency, which can be used as a real transaction of goods and services. For Chinese consumers, mobile payment has long been integrated into our daily life. Therefore, the introction of digital currency is more catering to the society. We don't have to worry about its impact on our daily life. In fact, the functions and properties of digital currency are exactly the same as paper money. This means that digital currency can replace cash, which is a kind of digital RMB cash
the introction of digital currency has many advantages. Moreover, with the progress and development of the times, Chinese people can quickly accept digital currency. For the elderly, the use of digital currency is much more convenient and easy to learn, because they can pay without network and signal
now some banks have quietly launched tests, which shows that the central bank attaches great importance to the comprehensive promotion of digital currency! But when the digital currency is online, the market of payment software such as Alipay and WeChat will be compressed. So, are you looking forward to this new way of payment< br />