Application examples of virtual currency

1. For example, the game currency used in online games, in fact, is recharged with real currency, or the game reward (game equipment or level) you get for spending a lot of time and energy in the game. In a sense, it condenses your labor and forms the income of labor, so when others violate your virtual currency in the game, That is, it constitutes a crime
in the form of game fraud, game account theft, etc

2.

The search for bitcoin on the Internet has been going on all the time, and its price has been fluctuating and rising, and has broken through a number of barriers, such as $30000, $40000 and $50000. It has become the most popular investment contract in the virtual currency circle, but e to market volatility, for greater reasons, it will be cleared almost every trading day. The huge amount of money involved makes some investors completely unable to calm down. Of course, for those traders who make profits many times, they will naturally make a lot of money, and their personal wealth will be more and more. Therefore, when investing in virtual currencies (such as bitcoin), when the market fluctuates sharply, there will be some happy and sad phenomena

In addition, although the current price of bitcoin has been rising, there is still a lot of controversy in the market. Many financial institutions take a negative attitude and regard it as a speculative asset rather than a currency because of its lack of practicality. Value support, and at the same time issued a number of warnings. In addition, India is about to implement the ban on cryptocurrency, other countries are not very optimistic about the prospect of virtual cryptocurrency, some criminals use their hidden money laundering crimes, so there are many uncertainties in the future market trend

3. Bitcoin, Leyte coin, dogcoin, Diandian coin, American card coin, bitstock, dark coin, black coin, Ruibo coin, Malaysian coin, Mediterranean coin, Yuanbao coin, Zhaocai coin, sand coin, network gold

4. Qiu Hui, 27, used the convenience of working in an Internet company to unfreeze the account with virtual currency and sell it at a low price, making huge profits. The reporter learned today that the Beijing Second Intermediate People's Court of final appeal rejected Qiu Hui's appeal and upheld the court of first instance's sentence of four years' imprisonment for the crime of embezzlement
on November 1, 2005, Qiu Hui found that three of the company's online accounts with virtual currency were frozen, so he unfrozen the three accounts and bought all the company's game cards with the virtual currency of 1624 519 karat, worth more than 162000 yuan. Qiu Hui sold the game cards to others at a low price, making a profit of more than 150000 yuan. On June 28, 2006, when Qiu Hui was investigated by the company, he admitted most of the facts of the crime and returned 120000 yuan to the company. The rest of the money was wasted by Qiu Hui
after the trial and judgment of the court of first instance, Qiu Hui refused and appealed to the second intermediate people's court
after hearing, the second people's court held that Qiu Hui, as a manager of the company, took advantage of his position to embezzle the company's money, and the amount was huge. His behavior constituted the crime of embezzlement and should be punished according to law. The judgment of the first instance is correct and should be upheld< br /> http://www.fcx114.com/cxbg/7451.html

5. There is a lot to know about bitcoin, and its hidden functions are still under development, with new information every day
for application examples, you can search: cross border remittance application bitpesa in-depth evaluation

6. Soros's strategy of sniping the Thai Baht. Based on the first-hand information and data, make a detailed operational plan

(2) capital preparation: after the decision to snipe the baht, the bank loans from the local bank, financing from the offshore financial market, selling local assets, borrowing stocks from the local stock trustee and short selling in exchange for the baht< 2. Start sniping:

(1) sell baht in exchange for us dollar in the spot market

(2) buy a large number of forward contracts from local banks and short the forward baht, that is, pay the bank baht in the forward and ask for us dollars< (3) short the stock market< (1) in the spot market, hedge funds sell the baht fiercely in exchange for us dollars, which leads to the market's expectation of devaluation of the currency, which leads to the follow-up selling and the devaluation of the baht< (2) in order to avoid the risk of forward foreign exchange transactions, banks try to flatten the currency position, that is, they sell the baht in the spot market in exchange for us dollars, thus accelerating the devaluation of the baht

(3) in order to maintain the stability of the exchange rate, the Thai monetary authority should absorb the local currency which has been sold, and increase the short-term loan interest rate of the local currency to increase the speculative cost of speculators. Both will raise interest rates in the local currency. The measures taken by Thailand to protect the non speculative demand for credit make a huge difference between the domestic interest rate and the offshore interest rate, resulting in arbitrage opportunities< (4) the rise of interest rate results in the sharp decline of stock market< (1) hedging the long forward contract with the short forward contract with the same amount on the same maturity date, or exchanging US dollar for Thai baht for delivery in the spot market at maturity< (2) exchange fixed interest rate for floating interest rate by using interest rate swap contract

(3) the stock price goes down and makes profits in the stock market< (4) hedge funds convert the profits in the stock market into US dollars, further increasing the pressure of the devaluation of the Thai baht

(5) after the significant depreciation of the baht, the baht was bought back in US dollars at a low price to repay the loan and interest of the baht

note: the use of foreign exchange futures and options trading for sniping is similar to forward foreign exchange trading.

7.

1. Payment by installment. If you see what you want to buy, and you are short of money, if you buy household appliances and other rable consumer goods, their utility can be extended to several years. You can take it as the same principle as borrowing money to buy property, and enjoy the utility of rable consumer goods by installment payment

2. For example, online lending or offline lending requires that the principal and interest rate of the loan be paid back at a specified time

3. The common savings policy advertisement calculates the compound time value of money

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extended data:

the causes of the time value of money:

1, The future material and cultural procts created by using these social resources constitute the future social wealth

because social resources are scarce and can bring more social procts, the utility of current goods is higher than that of future goods

under the condition of monetary economy, money is the embodiment of the value of goods. The present money is used to dominate the present goods, and the future money is used to dominate the future goods, so the value of the present money is naturally higher than that of the future money

the market interest rate reflects the average economic growth and the scarcity of social resources, and is also the standard to measure the time value of money

2. The time value of money is the inherent characteristic of currency in circulation under the credit currency system

therefore, currency devaluation and inflation have become a common phenomenon, and the value of current currency is always higher than that of future currency

the market interest rate is a reflection of the loanable funds and the inflation level, reflecting the degree of the continuous decline of the value of money over time

3. The time value of money is the reflection of people's cognitive psychology

the current currency can control the commodities to meet people's real needs, while the future currency can only control the future commodities to meet people's uncertain needs in the future

therefore, the value of unit currency is higher than that of unit currency in the future. In order to make people give up the current currency and its value, they must pay a certain price, which is the interest rate