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Value determination of virtual currency

Publish: 2021-05-09 13:29:59
1. The value of a digital currency can be measured by the following methods:
1. The market depth of a digital currency, such as bitcoin and Leyte, is very deep
2. The application scenarios of a digital currency, for example, the digital currency on the coin Ying China platform will correspond to the corresponding physical assets, which are regarded as the digital currency of assets
3. The social recognition of a digital currency, bitcoin, has been widely recognized in the world.
2. This view is controversial. China's central bank defines bitcoin as a special Internet commodity, while the United States recently classifies bitcoin as a commodity. Of course, the attitude of European countries towards bitcoin is relatively ambiguous. Germany is the first country in the world to recognize bitcoin as a unit of account. However, most people in the currency circle regard virtual currency as currency. Let me take bitcoin as an example to illustrate:

bitcoin has value because it is useful as a form of currency. Bitcoin has the mathematical characteristics of money (persistence, portability, interchangeability, scarcity, separability and identifiability) rather than relying on physical characteristics (such as gold and silver) or the trust of central power (such as fiat money). In short, bitcoin is backed by mathematics. With these characteristics, a form of money to have value requires trust and use. This can be reflected in the growing number of users, businesses and start-ups. Like all currencies, the value of bitcoin comes directly from people who are willing to accept it as a means of payment, which is the only source

of course, some domestic digital currency scholars began to take bitcoin not as a kind of currency, but as a shortcut. Teacher Shaqian proposed the concept of currency business circle. Perhaps inspired by the recent emergence of a currency called Fuyuan coin in the jewelry instry, it is very innovative to use Fuyuan coin to replace the traditional business integral system.
3. Theoretically, the price of virtual currency is determined by the market. When people have a better psychological expectation of a virtual currency, the supply will increase and the price of the currency will rise; When people do not hope for a virtual currency, the demand for the currency will decrease, and the price will also fall
however, in China, the price of virtual currency is also affected by policies to a certain extent. Recently, the central bank has tightened its attitude towards digital currency, and the price of bitcoin and other digital currencies has fallen sharply. The digital currency of PBoC is less affected, probably because PBoC has the support of real assets.
4. Bitcoin is valuable because it is useful as a form of currency. Bitcoin has the mathematical characteristics of money (persistence, portability, interchangeability, scarcity, separability and identifiability) rather than relying on physical characteristics (such as gold and silver) or the trust of central authorities (such as fiat money). In short, bitcoin is backed by mathematics. With these characteristics, a form of money to have value requires trust and use. In contrast, this can be reflected in its growing base of users, businesses and start-ups. Like all currencies, the value of bitcoin comes directly from people who are willing to accept it as a means of payment, which is the only source In China, it is defined as a special Internet commodity by the central bank
the price of bitcoin is determined by supply and demand. When the demand for bitcoin increases, the price of bitcoin rises; As demand decreases, prices fall. At present, only a few bitcoins are in circulation, and new bitcoins are issued at a predictable rate of graal decline, which means that demand must follow this inflation level in order to maintain price stability. Compared with the market scale it may become, bitcoin is still a relatively small market at present. It does not need a lot of money to make the market price fluctuate up and down. Therefore, the price of bitcoin is still very unstable.
5. It's divided into price and value
1: value is the so-called currency born from the early decentralized blockchain Technology (in fact, the capital owns the centralized computing power, and the capital owns the centralized currency quantity, which may not be ideal here). At that time, people had certain expectations and beliefs. The decentralized low trust cost world chase was a good future imagination, which made most people recognize its value (of course, it also caused negative use value, which could not be controlled and regulated by the government, and provided a lot of extra convenience)
of course, some attributes of digital currency can be used for reference, Now countries are also in the trend of legal digital currency. Due to certain technical reasons, BTC may eventually disappear, or it is difficult to achieve the vision of believers. If there is no better change of technology, the limitation of technology will be phased out with the current development of science and technology
2: of course, the price is basically determined by market transactions. BTC is used by a lot of capital, and more value may be used as financial value Another common perception of price is that the quantity is limited and the output is getting slower and slower. With the increase of the use area, the scarcity increases the price, and the story of halving the price is also a good help for capitalists)
because it is a minority, there is no regulation, so the power of capital has a great impact on the price. The good effect of getting rich can attract more and more people to come into the market. The exchanges of various capital institutions have solved the problems of business instry, gained some additional operating income, and created instries (such as basic financial derivatives and more)
including this year's events, with the epidemic situation and the situation in the United States, new financial derivatives are manufactured by joint institutions. In the secondary market, a new circular wealth story is born. This mode is still relatively solid, with stable prices and rising prices. Of course, the final digester is the ordinary people
at the same time, the characteristics of BTC also lead to a part of human allocation of hedging assets
and so on, the price of BTC is proced under the game
personal final conclusion (for reference only): bitcoin is more of a kind of financial value, its use value is still limited at present, and it is also very difficult to promote in the future. If the technology does not evolve, it will still be small. Of course, the game of the world government is also a certain resistance
the current price is based on the financial game of institutions, and it is stable to a certain extent. The premise is that if there is no new large number of people participating in the game, the current rising trend will slow down, and the gray scale and institutions are also expanding the playing methods of other digital currencies (after all, the number of BTCs targeted by GBTC has accounted for more of the total BTCs - physical contribution plus less cash contribution), But there may still be a rise, but when it will be the top depends on the results of various games (I think there are several points: 1. How long can the game between the trading frequency and holding amount of BTC or other currencies in the primary market last, and when people's purchase and consumption will reach a limit. It can't be bought and sold all the time, there is a limit when what the 2. gradation and what the BTC of the GBTC corresponds to is the two level market digestion of the market, when it will be indigestion is also a game... Etc.)
BTC has bubble, and the financial game of capital is full of bubbles. Of course, this is the opportunity to get rich easily.
but the risk is very high, which is not suitable for the public. It can only be said that it depends on fortune and opportunity
BTC has big moves with every financial trend game
investment should be cautious.
6. Top 10 in the list of Qualcomm snapdragon processors: snapdragon 888

1. Process: it is equipped with the latest generation of 5nm manufacturing process to bring the strongest processor performance to users. The 5nm manufacturing process brings the most top technology, cost and functional performance requirements

2. Core: the three cluster architecture of super core + big core + small core is used, in which the super core is cortex x1, the big core is cortex A78, and the small core is cortex A55

3. Experience: Super core cortex-x1 has 1MB L2 cache, while A78 has 256Kb L2 cache, which can give you better performance experience,

brings the strongest architecture for users at present, with A78 20% higher in performance and machine learning 100% higher in performance

4. Optimization: for game optimization, provide users with variable coloring rate, It can improve the performance by 30%

5. Other aspects: for other aspects of the game, 144hz high refresh rate / high frame rate, true 10 bit HDR, surreal enhanced image quality, fast mixing,

GPU driver update, Xbox cloud / Google stadia / Amazon Luna cloud game, etc<

second place: snapdragon 870

1. Process: 1 * 3.19ghz + 3 * 2.42ghz + 4 * 1.8GHz eight core configuration,

2. Architecture: one large core and three medium cores adopt a77 architecture, and four small cores adopt a550 +

3. Other aspects: the GPU of snapdragon 870 is the frequency upgraded adreno650, and the baseband is still x55 modem< GPU: the performance of the new generation kryo 585 CPU is improved by 25%, and the overall performance of the new Adreno 650 GPU is also improved by 25% compared with the previous generation platform

5. Experience: it brings 7Nm proction technology, which brings the best mobile phone performance experience for users

6. Pixel: 1 billion pixel high-speed ISP, processing speed up to 2 billion pixels per second, supporting new shooting features and functions

7. Video: users can take 4K HDR video with 1 billion colors, 8K video or capture photos up to 200 million pixels<

third place: snapdragon 865

1. CPU: new kryo 585 architecture, up to 2.84ghz

2. GPU: with Adreno 650, the performance is 25% higher than that of snapdragon 855

3. With snapdragon x55 5g baseband, it can support up to 7.5gbps download speed and WiFi 6 protocol

4. It adopts the fifth generation AI engine and supports the computing power of 15 tops

5. It supports lpddr5 memory, 144hz screen refresh rate, 200 megapixel camera, 8K 30 frame video recording and 960 frame slow motion shooting

6. The main frequency of CPU is consistent with snapdragon 855. The new cortex-a77 architecture should have about 20% performance improvement according to the official data of arm

7. GPU is 25% higher than snapdragon 855, and the overall performance is 20% higher. Lpddr5 memory is also a bonus

fourth place: snapdragon 855 +

1. Both snapdragon 855 and snapdragon 855 + CPU adopt the same architecture kyro485. The difference is that their large core frequency is different. The large core frequency of 855 + is 2.96ghz higher than that of 855< In terms of GPU, 855 and 855 + are both adreno640, but their frequencies are also different. The frequency of 855 + is 672mhz, while that of 855 + is only 585mhz. The graphics ability of 855 + is 15% higher than that of 855

3. The same 7Nm process, both of them adopt the 1 + 3 + 4 8-core design. Except for the different frequencies of the large cores, the frequencies of the other 7 small cores remain unchanged< So in theory, snapdragon 855 + has stronger mononuclear ability

5. The iqoo equipped with Xiaolong 85 and Nubia z20 equipped with Xiaolong 855plus are compared. According to the running points, the actual performance of Xiaolong 855 + is more than that of Xiaolong 855 in both single core and multi-core performance. The actual performance of 855 + is still better than that of 855

fifth place: Xiaolong 855

1 CPU: the memory delay is higher than that of the Kirin 980, but the overall performance of the CPU is still slightly higher than that of the Kirin 980. The performance of specint2006 is 51% higher than that of the 845, and the CPU energy efficiency ratio is 39% higher than that of the 845. In specfp2006, it is 61% higher than that of the 845, and it is 4% and 9% higher than that of the Kirin 980. Although the highest core reaches 2.85ghz, the energy efficiency is still excellent

2. AI: after the blessing of hexagon 690, compared with 845, AI performance has been greatly improved, which is about 2.5-3 times that of 845

3 and application: it is not awesome in terms of system application performance, stronger than 845, but weaker than 980, official expression may be the relationship of scheling on the engineering machine, and the official commercial equipment will be improved. GPU: the peak performance of Adreno 640 GPU is still far behind A12, but the energy efficiency ratio is good. The average power consumption of off screen rendering of gfxbench3.1 is 4.44w. In terms of energy efficiency, the peak state of A12 is 17.36fps/w, the down frequency state is 20.18fps/w, 855 is 16.05fps/w, 845 is 11.99fps/w, 980 is 11.93fps/w, and the overall energy efficiency ratio is 30% higher than 845<

sixth place: snapdragon 845

1. Snapdragon 845 still adopts eight cores of 10nm process, which is the most advanced technology in the market. Compared with snapdragon 835, it has made improvements in both large and small cores. The four cores are A75 architecture and the four small cores are A55 architecture

2. At the same time, snapdragon 845 introces a new security processing unit SPU, while GPU adopts Adreno 630, which improves the overall efficiency by 25% - 30% compared with Adreno 540 of snapdragon 835

3. Snapdragon 845 is equipped with 5g frequency regulator; In terms of overall performance, 845 is 20% - 25% better than 835

4. Snapdragon 845 supports Gigabit LTE connection through X20 LTE modem, and supports 2x2 al channel Wi Fi and 4x4 MIMO technology, providing more stable and faster network connection for players<

seventh place: snapdragon 730g

1. The multi-core performance of snapdragon 730g processor is not as good as that of snapdragon 845 processor, and the single core performance is better than that of snapdragon 845 processor. Each processor has its own victory or defeat

2. Snapdragon 730g has built-in CPU with kryo470 architecture, which is built by instry-leading 8nm process technology

3. Snapdragon 730g integrates frequency enhanced adreno618gpu, which makes its graphics processing performance 25% higher than snapdragon 710 and graphics rendering speed 15% higher than snapdragon 730. The g of snapdragon 730g refers to game

4. The snapdragon 730g also supports some of the snapdragon elitegaming functions, which can bring more amazing game screen effects

5. Snapdragon 730g also supports qcommaqstic audio technology, which can bring clear and smooth surround sound<

eighth place: snapdragon 730 AIE

1. 730 has surpassed 835 as a whole. If the price control is in place, it will be a god u, which can replace 835 in all aspects. 730 Angou has exceeded 835

2. Snapdragon 730 chip is made by 8nm process. According to Angou's running score test, Lenovo Z6's running score is as high as 200000, And Master Lu's running score is 250000

3. Xiaolong 730g is equipped with the enhanced version of Adreno 618 GPU (supporting Vulkan version 1.1), and its performance is 15% higher than the ordinary version of Xiaolong 730

4. With the support of the new A76 architecture, the CPU performance of snapdragon 730g has caught up with that of snapdragon 845 with only two A76 cores, and the daily application experience is very smooth

5. The CPU frequency of snapdragon 730g is 2.4GHz, and the GPU frequency is 825mhz; The main CPU frequency of snapdragon 730 is 2.2GHz, and the main CPU frequency is 700MHz. This means that the CPU and GPU frequency of snapdragon 730g is higher than that of snapdragon 730<

No.9: snapdragon 765G

1. Compared with the previous generation snapdragon 730 processor, the main frequency of snapdragon 765G is increased to 2.4GHz, adopting the architecture of 1 * kryo 475 prime (2.3 / 2.4GHz) + 1 * kryo 475 gold (2.2GHz) + 6 * kryo 475 silver (1.8GHz)

2. The processor adopts the 7Nm EUV process manufactured by Samsung, which reces the power consumption by 35% compared with the 8nm snapdragon 730. The GPU is upgraded to the Adreno 620

3. Snapdragon 765G supports up to 192mp pixels, single shot 3600W pixels and zero delay shooting, which is equivalent to the previous generation's level. It supports Bluetooth 5.0, WiFi 6 and 120Hz refresh rates, and AI 5.5tops

4. The most important feature of snapdragon 765G is that it integrates snapdragon x525g baseband and and supports SA / NSA al-mode networking. Its theoretical maximum peak download rate is as high as 3.7 Gbps and upload rate is 1.6 Gbps. At the same time, it also supports 5g millimeter wave, band below 6GHz, global 5g roaming, WiFi 6 and other features<

No.10: snapdragon 765

1. Snapdragon 765 adopts kryo 475 CPU, with a maximum dominant frequency of 2.3ghz; The Adreno 620 GPU is 20% faster than the previous generation< 2. The fifth generation AI engine adopts hexagon 696 tensor processor; Spectrum 355 ISP supports up to 192 megapixel camera, 480fps 720p slow motion video capture and 4K HDR video capture capability

3. Built in X52 modem, it supports millimeter wave, TDD and FDD band below 6GHz, and can achieve 3.7 Gbps download peak and 1.6 Gbps upload peak.
7. Emerge in an endless stream of every kind of mobile phone, tiktok, tiktok, and so on. Nowadays, there are jokes, dancing, singing, rap, crafts, and so on. Tiktok tiktok tiktok, I am interested in the quiver today. I can feel the real state of life in the jitter.
8.

1. The factors that affect the time value of money include time, rate of return or inflation, simple interest and compound interest. Among them, the length of time is the primary factor affecting the time value of money. The longer the time, the more obvious the time value of money

The law of value is that the value of goods is determined by the social necessary labor time needed to proce goods. The exchange of goods must be based on the quantity of value and be equivalent

The relationship between supply and demand of goods affects the price of goods: when the supply exceeds the demand, the price of goods rises and the buyer's market appears; When the supply exceeds the demand, the commodity price falls and the seller's market appears

4. Price changes are affected by supply and demand, and the price is ultimately determined by value: the greater the value of a commodity, the higher the price of the commodity; the lower the value of the commodity, the lower the price

extended data:

the regulatory role of money

1

Control inflation by controlling interest rate and monetary aggregate to keep the overall price level stable

Adjust the proportion of consumption and savings in national income

4. Guide the transformation of savings to investment and realize the rational allocation of resources

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