Virtual currency linked to real gold
Publish: 2021-05-06 16:09:14
1. Digital currency is the trend, but I don't know when it will be released in China. I haven't heard of the currency you said, and it may not be issued. Otherwise, there will be no news on the Internet.
2. 1、 The definition of virtual currency
virtual currency originally refers to non real currency.
in the case that virtual currency is connected with reality, virtual currency has its real value. Well known virtual currencies such as Tencent's q-coin, q-point, Shanda's roll, Sina's u-coin meter ticket (used in igome game), chivalrous Yuanbao (used in chivalrous road game), and so on, In the era of stand-alone games, the protagonists accumulate money by knocking down the enemy and winning money in gambling houses to buy Herbs and equipment, At that time, there was no "market" between players. Since the Internet established the portal and community and realized the game networking, there has been a "financial market" for virtual currency, and players can trade game currency.
the second type is the special currency issued by portal websites or instant messaging service providers, Tencent's q-coin is the most widely used to purchase services on this website. It can be used to purchase membership, QQ show and other value-added services.
Third, the difference between real currency and virtual currency
the first feature: different value formation mechanisms.
general currency and virtual currency have different value bases, the former represents utility, The latter represents value.
as a general equivalent, the "price" of currency is called value in language, but actually refers to utility. Virtual currency does not represent the "effect" of general "price", but the value itself.
virtual currency is not a general equivalent, but a manifestation of value relativity, or a symbol of expression; It can also be said that virtual currency is a personalized currency.
the second feature is that the monetary decision mechanism is different.
general currency is decided by the central bank, while virtual currency is decided by indivials.
reflected in the monetary decision mechanism, real currency is decided by the central bank; The virtual money market (such as stock market and game money market) is determined by forces outside the central bank, The economy formed by stock market and derivative financial market is called fictitious economy. The essence of fictitious economy is information economy with indivial as the center.
the third characteristic is that the value exchange mechanism is different.
the value conversion of general currency is completed in the money market; The value exchange between general currency and virtual currency is completed through the overall exchange of the two markets. Under special conditions, there is an immature exchange relationship between indivial markets. Therefore, it can be said that general currency and virtual currency are in different markets.
some people worry that game virtual currency may cause inflation, Just as the imbalance of supply and demand in the commodity market can not directly lead to the imbalance of supply and demand in the money market, it must be through the issuance of additional money in the overall market to lead to inflation; At present, the stock market is a unified market, but the game market is not.
for example, the ratio of a certain game virtual currency to RMB may initially be 800000 to 1, Then it may change to 8 million to 1. Maybe the virtual currency of a castle today will be enough to buy a Tomahawk tomorrow; If the virtual currency forms a unified market, it may indeed exert pressure on the money market. The problem is that there is no such unified market now. The issuers of game currency are independent of each other and do not have the status of financial subject, let alone the exchange with currency at the level of financial market. What's more, whether it is base currency or value-added currency, The currency volume (m) and the currency price level (V, i.e. the velocity of circulation) have not changed, so it can not be considered that there will be monetary inflation or deflation.
for the current game currency depreciation, it is better to explain that the service conditions of a game as a value-added service have changed, As the demand for virtual currency increases, the price of services involved and the price level of virtual currency decrease. Due to the change of supply and demand conditions of such services, the price of services decreases. This is a phenomenon that can be explained by a real commodity market
virtual currency originally refers to non real currency.
in the case that virtual currency is connected with reality, virtual currency has its real value. Well known virtual currencies such as Tencent's q-coin, q-point, Shanda's roll, Sina's u-coin meter ticket (used in igome game), chivalrous Yuanbao (used in chivalrous road game), and so on, In the era of stand-alone games, the protagonists accumulate money by knocking down the enemy and winning money in gambling houses to buy Herbs and equipment, At that time, there was no "market" between players. Since the Internet established the portal and community and realized the game networking, there has been a "financial market" for virtual currency, and players can trade game currency.
the second type is the special currency issued by portal websites or instant messaging service providers, Tencent's q-coin is the most widely used to purchase services on this website. It can be used to purchase membership, QQ show and other value-added services.
Third, the difference between real currency and virtual currency
the first feature: different value formation mechanisms.
general currency and virtual currency have different value bases, the former represents utility, The latter represents value.
as a general equivalent, the "price" of currency is called value in language, but actually refers to utility. Virtual currency does not represent the "effect" of general "price", but the value itself.
virtual currency is not a general equivalent, but a manifestation of value relativity, or a symbol of expression; It can also be said that virtual currency is a personalized currency.
the second feature is that the monetary decision mechanism is different.
general currency is decided by the central bank, while virtual currency is decided by indivials.
reflected in the monetary decision mechanism, real currency is decided by the central bank; The virtual money market (such as stock market and game money market) is determined by forces outside the central bank, The economy formed by stock market and derivative financial market is called fictitious economy. The essence of fictitious economy is information economy with indivial as the center.
the third characteristic is that the value exchange mechanism is different.
the value conversion of general currency is completed in the money market; The value exchange between general currency and virtual currency is completed through the overall exchange of the two markets. Under special conditions, there is an immature exchange relationship between indivial markets. Therefore, it can be said that general currency and virtual currency are in different markets.
some people worry that game virtual currency may cause inflation, Just as the imbalance of supply and demand in the commodity market can not directly lead to the imbalance of supply and demand in the money market, it must be through the issuance of additional money in the overall market to lead to inflation; At present, the stock market is a unified market, but the game market is not.
for example, the ratio of a certain game virtual currency to RMB may initially be 800000 to 1, Then it may change to 8 million to 1. Maybe the virtual currency of a castle today will be enough to buy a Tomahawk tomorrow; If the virtual currency forms a unified market, it may indeed exert pressure on the money market. The problem is that there is no such unified market now. The issuers of game currency are independent of each other and do not have the status of financial subject, let alone the exchange with currency at the level of financial market. What's more, whether it is base currency or value-added currency, The currency volume (m) and the currency price level (V, i.e. the velocity of circulation) have not changed, so it can not be considered that there will be monetary inflation or deflation.
for the current game currency depreciation, it is better to explain that the service conditions of a game as a value-added service have changed, As the demand for virtual currency increases, the price of services involved and the price level of virtual currency decrease. Due to the change of supply and demand conditions of such services, the price of services decreases. This is a phenomenon that can be explained by a real commodity market
3. In the old days of the gold standard, paper money was the proof of gold reserves, and of course it had to be linked with it. Now it's not so tightly linked.
4. This is mainly e to historical factors. In history, gold and silver were the functions of money. With the development of modern economic activities, gold and silver can no longer meet the needs of social exchange tools. Therefore, we implemented the function of legal paper money to pay the exchange price. However, in order to stabilize the currency value and increase the credit of credit paper money, it was linked with gold and silver, Gold and silver have basically broken away from the function of currency and completely replaced by paper money, but at the end of gold and silver, they are still the cornerstone of stable monetary system
5. Currency is not linked to any one, only gold is linked to currency. The amount of gold stored by a country can also reflect the appreciation of its currency. Bitcoin has only flourished in recent years. It will be more common in the world. In China, it is equivalent to something that does not exist and can not be invested or traded.
6. This is e to the issue of paper money. In other words, the reason why the form of money changes from physical money to credit money
in the beginning, the currency of all countries was gold or silver. But the physical currency is far from meeting the needs of social development, so it is inevitable to proce credit currency. It is based on physical currency, plus the leverage of credit. In this way, we can use less physical money to promote social development, save most of the physical money to do more social investment and construction
after the signing of Basel Accord, the world monetary system with us dollar as the core has graally formed. That is, the currencies of all countries are linked to the US dollar, and the US dollar is directly linked to gold. But in this way, all countries can go directly to the United States to exchange dollars for gold. Finally, the United States could not bear it, and the dollar graally separated from gold. In this way, the new world monetary system has become that the currencies of all countries are directly linked to the US dollar, which is based on the US government credit
now, it seems that only the Swiss franc is theoretically linked to gold
this is very clear in the currency war. The US dollar is a debt type currency. It is formulated to issue US Treasury bonds based on the US fiscal revenue, and then issued by the Federal Reserve with the US Treasury bonds as the carrier. We don't want to pay as much as we want. If we pay too much, it will lead to inflation and devaluation of the US dollar. If there is less expectation of deflation, it is not concive to economic development.
in the beginning, the currency of all countries was gold or silver. But the physical currency is far from meeting the needs of social development, so it is inevitable to proce credit currency. It is based on physical currency, plus the leverage of credit. In this way, we can use less physical money to promote social development, save most of the physical money to do more social investment and construction
after the signing of Basel Accord, the world monetary system with us dollar as the core has graally formed. That is, the currencies of all countries are linked to the US dollar, and the US dollar is directly linked to gold. But in this way, all countries can go directly to the United States to exchange dollars for gold. Finally, the United States could not bear it, and the dollar graally separated from gold. In this way, the new world monetary system has become that the currencies of all countries are directly linked to the US dollar, which is based on the US government credit
now, it seems that only the Swiss franc is theoretically linked to gold
this is very clear in the currency war. The US dollar is a debt type currency. It is formulated to issue US Treasury bonds based on the US fiscal revenue, and then issued by the Federal Reserve with the US Treasury bonds as the carrier. We don't want to pay as much as we want. If we pay too much, it will lead to inflation and devaluation of the US dollar. If there is less expectation of deflation, it is not concive to economic development.
7. Real money is no longer guaranteed by gold... All depend on the credit of the national government
the virtual currency only depends on the demand, even if it is used for speculation. When there is no demand for the virtual currency, it is worthless
the virtual currency only depends on the demand, even if it is used for speculation. When there is no demand for the virtual currency, it is worthless
8. Modern currency
under the gold standard system, the exchange rate of currencies among countries implementing the gold standard is determined according to their respective ratio of gold content - Gold parity. The system is based on the free flow of gold. After the outbreak of the first World War, the United Kingdom, France, Russia, Germany, Japan and other participating countries banned the export of gold, and the gold standard system has actually collapsed
after the first World War, the currencies of Germany, Austria and other countries depreciated significantly. Since then, there has not been a fixed exchange rate base between currencies. According to the Bretton Woods Agreement of 1944, the currencies of the member countries of the International Monetary Fund should be linked to gold or US dollars and exchanged at a fixed exchange rate. This agreement established the international monetary status of the US dollar, and the monetary system of various countries established by this agreement is called the Bretton Woods system. In August 1971, the US dollar stopped exchanging with gold freely, and the Bretton Woods system collapsed. From then on, it entered the era of symbolic currency. Since then, floating exchange rates have been adopted among countries. Some relatively stable currencies or currencies with appreciation potential, such as the Swiss franc, the West German mark and so on.
under the gold standard system, the exchange rate of currencies among countries implementing the gold standard is determined according to their respective ratio of gold content - Gold parity. The system is based on the free flow of gold. After the outbreak of the first World War, the United Kingdom, France, Russia, Germany, Japan and other participating countries banned the export of gold, and the gold standard system has actually collapsed
after the first World War, the currencies of Germany, Austria and other countries depreciated significantly. Since then, there has not been a fixed exchange rate base between currencies. According to the Bretton Woods Agreement of 1944, the currencies of the member countries of the International Monetary Fund should be linked to gold or US dollars and exchanged at a fixed exchange rate. This agreement established the international monetary status of the US dollar, and the monetary system of various countries established by this agreement is called the Bretton Woods system. In August 1971, the US dollar stopped exchanging with gold freely, and the Bretton Woods system collapsed. From then on, it entered the era of symbolic currency. Since then, floating exchange rates have been adopted among countries. Some relatively stable currencies or currencies with appreciation potential, such as the Swiss franc, the West German mark and so on.
9. Because gold has the following characteristics: rare, so precious; The texture is soft and easy to separate; High density, small size, easy to carry; Metal property is not active, not easy to drain
these characteristics enable it to become a general equivalent, and then become a currency
at a certain stage of social development, the economy is more developed, and paper money has become the mainstream. However, as a kind of currency reserve and guarantee, the role of gold is still essential. This is the so-called link between gold and currency. In fact, this is not very accurate.
these characteristics enable it to become a general equivalent, and then become a currency
at a certain stage of social development, the economy is more developed, and paper money has become the mainstream. However, as a kind of currency reserve and guarantee, the role of gold is still essential. This is the so-called link between gold and currency. In fact, this is not very accurate.
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