Virtual money growth data
The total number of bitcoins is 21 million
in 2009, when bitcoin was born, block reward was 50 bitcoins. Ten minutes after its birth, the first 50 bitcoins were generated, and the total amount of money at this time is 50. Then bitcoin grew at a rate of about 50 every 10 minutes. When the total amount reaches 10.5 million (50% of 21 million), the block reward will be halved to 25
when the total amount reaches 15.75 million (5.25 million new output, i.e. 50% of 1050), the block reward will be further halved to 12.5. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to about 21 million
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monetary characteristics
1. Decentralization: bitcoin is the first distributed virtual currency, and the whole network is composed of users without a central bank. Decentralization is the guarantee of bitcoin's security and freedom
2. Global circulation: bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin
3. Exclusive ownership: private key is needed to control bitcoin, which can be stored in any storage medium in isolation. No one can get it except the user himself
4. Low transaction cost: bitcoin can be remitted free of charge, but a transaction fee of about 1 bitfen will be charged for each transaction to ensure faster transaction execution
5, no hidden cost: as a means of payment from a to B, bitcoin has no cumbersome limit of quota and proceres. If you know the other party's bitcoin address, you can pay
6. Cross platform Mining: users can explore the computing power of different hardware on many platforms
the development of this kind of digital currency depends on the quantity. There are more than 30 million digital currencies. Dogcoin is a typical example. Although dogcoin is the digital currency with the second largest number of users in the world after bitcoin, its recent development momentum is not optimistic. The total number of thousand gold cards is only 3 million, but the development momentum is good.
Compared with bitcoin's prestige, although the rise of the value of ether currency is more terrible than that at the beginning of the year, its reputation and market scale are still inferior to bitcoin. Peter szilagyi, director of bitcoin development team, brought the data of Ethernet network nodes to Google Earth to tell you clearly how Ethernet will dominate the digital currency world in the future
in the two years since its birth, Ethereum has rapidly occupied the rich countries or regions in the world
if we compare the richer regions in the world, such as Europe and North America, with the poorer regions in Asia and South America, & quot; In an email interview with CNBC, szilagyi wrote: & lt; You will find that the density of active nodes is related to the transportation convenience, instrialization and affluence of the region. In my opinion, this correlation is e to the relatively concentrated resources required for the full operation of Ethereum& rdquo;
Money growth rate generally refers to the growth rate of money supply
The calculation method of money supply growth rate is also called "m = y + P formula". In order to replace the outdated "1:8 formula", people hope to find a concise and easy to measure formulathe most influential one is:
m = y + P
that is, the growth rate of money supply m equals to the economic growth rate y plus the expected (or planned) price rise rate P
If this formula is concretized, that is:where:
RMS represents the growth rate of money supply
Re represents the real economic growth rateRP represents the rate of price increase
RV represents the change range of money circulation speed
The evaluation of the calculation method of money supply growth rate{rrrrrrr}
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related:
this formula is the same as "1:8", which aims to solve the problem of how to determine the annual planned money supply growth rate, but it is obviously different from "1:8" formula in many aspects:
1, Some people define m as the growth rate of cash issuance, but in the process of using it, many people have defined m as broad money or loan growth rate, which is different from "1" in "1:8" which only refers to cash
No matter which index is used to represent the economic growth rate, it is much wider than the traditional "1:8" index of the total amount of social retail goods In fact, the expected or planned rate of price change into the model admits that the impact of price rise on the nominal money demand can not be ignored. Whether it is reasonable or not, there is no consensus in the theoretical circlesAt the end of March 2020, the broad money growth rate (M2) was 10.1%
In the first quarter, RMB loans increased by 7.1 trillion yuan and deposits increased by 8.07 trillion yuan. According to financial statistics released by the central bank today, at the end of March, the balance of broad money (M2) was 208.09 trillion yuan, up 10.1% year on yearafter three years, the growth rate of M2 reached double digits. How to view the credit structure behind the data, the increase of household and non-financial enterprise deposits, and the support for epidemic prevention and control and economic and social development? People's net financial channel interviewed many experts, focusing on the transmission effect of monetary policy on the real economy
experts believe that the short-term fluctuation of monetary growth reflects that in the first quarter of the year, when the downward pressure on the economy is greater, the financial system has made concerted efforts to increase the hedging of the impact of the epidemic, which will help to support the prevention and control of the epidemic and the development of the real economy
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"China chief economist forum" senior researcher Cai Hao told people's Daily that the M2 growth rate increased. In addition to the reasons for loans and corporate bond issuance, the targeted RRR rection in mid March also improved the currency multiplier to a certain extent and promoted the efficiency of loans to create deposits. Meanwhile, the social finance scale of 5.16 trillion yuan reflects the power of counter cyclical policy
statistics show that in the first quarter of 2020, the cumulative increment of social financing scale is 11.08 trillion yuan, 2.47 trillion yuan more than that in the same period of last year. Among them, RMB loans to the real economy increased by 7.25 trillion yuan, an increase of 960.8 billion yuan over the same period last year; Foreign currency loans to the real economy increased by 191 billion yuan, an increase of 166.9 billion yuan over the same period last year
focusing on the scale of social financing in March, the stock of social financing scale at the end of March was 262.24 trillion yuan, an increase of 11.5% year on year. In terms of structure, the balance of RMB loans issued to the real economy at the end of March accounted for 60.6% of the stock of social financing scale in the same period, 0.7 percentage points higher than that of the same period last year