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Does virtual currency have monetary function

Publish: 2021-04-18 04:14:55
1. First of all, we should understand what money is
money, in essence, is the contract of exchange right between owners. Different forms of money are unified in essence. In the past, e to people's unclear understanding of the nature of money, people mistakenly divided money into different categories from different angles, such as debt currency and non debt currency according to the commodity value of money, convertible currency and non convertible currency according to whether the exchange ratio of precious metals is agreed, etc
formally, according to the commodity value of money, it can be divided into physical money and formal money. Physical money itself is a special kind of goods, including the amount of value, such as sheep, precious metals, etc; The formal currency itself has no value, its value is contractual, only contractual value. The two forms are different, but they are unified in essence, that is, they are both agreed as the medium of exchange, and both have contractual value. The purchasing power of money depends on the contract value of money, but the purchasing power of physical money is also affected by its own commodity value. Generally, the commodity value of physical money is less than its contract value as money
in high school textbooks, the essence of money is interpreted as a general equivalent[ 3] This definition only starts from the function, in fact, it does not explain the essence of money, nor can it answer the inherent logical question, that is, why money can act as a general equivalent
for questions about the nature of monetary contract, please refer to monetary contract
secondly, virtual currency
refers to non real currency. Well known virtual currencies, such as online currency of Internet company, q-coin of Tencent company, q-point and voucher of Shanda company, micro currency launched by Sina (used for micro games, Sina reading, etc.), chivalrous Yuanbao (used for chivalrous road game), silver grain (used for bixue Qingtian game), and popular digital currencies in 2013 include bitcoin, Laite coin, infinite coin, quark coin, zeta coin, etc Barbecue coins, pennies (Internet), invisible gold bars, red coins, prime coins. At present, hundreds of digital currencies are issued all over the world. Popular in the circle & quot; The legend of "bitcoin, Wright silver, infinite copper, pennies aluminum"
according to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by the monetary authority, does not have legal compensation and mandatory monetary attributes, is not a real currency, does not have the same legal status as currency, cannot and should not be used as currency in the market, and citizens' investment and transaction of virtual currency are not protected by law.
2. blockchain technology is a decentralized consensus mechanism to maintain a complete, distributed and tamperable ledger database. It can enable the participants in the blockchain to achieve a unified ledger system without establishing a trust relationship
in the future, blockchain will be applied in any field and bring great impact on human life. Blockchain technology is regarded as one of the main protocols of the next generation of value Internet. Blockchain technology will be useful in any field of proction and life that lacks trust. From digital currency to securities and financial contracts, health care, games, artificial intelligence, intelligent contracts, Internet of things, identity authentication, asset trading, e-commerce, social communication, file storage and other fields can be widely used
in the aspect of medical treatment
when the blockchain technology is used to save the personal medical records, there will be the historical data of personal medical treatment, which can be understood as the electronic medical records on the blockchain. In the future, there will be data for medical treatment or health planning, and the real master of this data is the patient himself, not the hospital or a third-party organization. In addition, these data have strong privacy, and the use of blockchain technology also helps to protect the privacy of patients
payment system
compared with the existing traditional payment system, blockchain technology can avoid the complex system, directly between the two sides of the transaction, does not involve intermediary institutions, even if part of the network is paralyzed, it will not affect the operation of the whole system. This method has the characteristics of low price, fast speed, and no intermediate fees
banking
as a digital, secure and anti-interference account, blockchain realizes the core function of Banking: the safe storage and transfer center of value. Some banks with keen sense of smell in the world have begun to actively plan to join the army of blockchain research and application in order to gain the initiative in the fierce competition in the future
identity authentication of blockchain
blockchain has the feature of being accessible to everyone. Everyone can query the block information in any place with network. The high transparency also makes blockchain full of charm. In the future, ID card and account book are basically not needed, because every identity information can be written into the blockchain. When you need to verify the information, you only need to look it up to find it
election
based on the voting transaction on the blockchain, it can be confirmed that no vote has been modified or deleted, and there will be no improper voting
Real Estate
blockchain technology can change the operation mode of the real estate market. It can combine many complex processes and cases that real estate companies usually deal with, speed up the transaction process, rece fraud, and provide more transparent and secure transactions for each participant. Provides a way to achieve paperless and fast trading needs
securities issuance and trading
the probability of various kinds of errors in general stock and other securities trading is too high, which requires manual correction, thus prolonging the time required for transaction settlement. Through the transaction of distributed ledger, the automation of the whole process can be realized, and the security and efficiency can be improved. The identity and transaction volume of the trading party are recorded on the blockchain in real time, with an open, transparent and traceable system. It is concive to the market maintenance of securities issuers and regulatory authorities, and can rece the occurrence of black box operation and insider trading
in the scenario of relatively closed, multi-party trust problems and carrying value transmission, blockchain has unique technical advantages and also shows unique charm, which has great application imagination space. At the current stage, blockchain is worth exploring in some scenarios.
3. Yes
for example, the current electronic transfer is actually virtual currency
of course, paper money itself is a currency symbol, not a currency
the goods ratio is the general equivalent
nowadays, paper money or virtual currency are all transactions based on national credit or enterprise credit
in these economic activities, virtual currency acts as a measure of value and a means of circulation.
4.

Money has five major functions, which are as follows:

1. Value scale refers to the use of money as a social scale to measure the value of goods. The reason why money has the function of value scale is that money itself has value, Therefore, we can use our own value to measure the value of other commodities

2. Circulation means

refers to the function of money as the medium of exchange between different commodities, that is, the purchase means. The main feature of this function is that it can make the transfer of goods and money complete at the same time in commodity trading

Storage means refers to the function that money withdraws from circulation and is preserved as the general representative of social wealth. The function of storage means of money can spontaneously regulate the total amount of money in circulation

The function of means of payment was born with the emergence of commodity credit trading. In commodity credit trading, money can be used to pay the debts in the trading, and then it is developed to pay government rent, interest, tax, wages and so on

World currency refers to the function of currency acting as a general equivalent in the world market beyond the domestic circulation field. The functions of precious metals as world currency are as follows: as a general means of payment, they are used to pay the balance of international payments; as a general means of purchase, they are used to buy foreign goods, act as the absolute embodiment of wealth, and transfer from one country to another

5. The advantages of bitcoin: no freezing, no tracking, no taxes, and extremely low transaction costs
6. Virtual currency is not a commodity, not a currency, and can not undertake the function of currency
7. Monetary function is the embodiment of the essence of money. Under the condition of developed commodity economy, money has five functions: value scale, circulation means, storage means, payment means and world money. These five functions of currency are graally formed with the development of commodity economy. Among them, value scale and circulation means are the most basic functions of money. Money, as a measure of value, measures whether and how much a commodity has, and then realizes the value of the commodity as a means of circulation.
8. The functions of traditional currency include the following five aspects: (1) the functions of transaction media 2 Value scale function 3 The function of deferred payment 4 The function of storage means 5 The function of world currency. From the former four aspects, compared with traditional money, the main progress of e-money is the improvement of efficiency when money performs its functions; E-money is not only the improvement of efficiency in performing the function of world currency, but also makes this function play incisively and vividly: with the popularization and development of it, transaction settlement will be globalized, and e-money will truly perform its function of world currency. Therefore, electronic currency can better reflect its function of implementing world currency than traditional currency.
9. Political. I don't think so. I don't know whether virtual currency and electronic currency can be replaced
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