A fair scheme of virtual currency system

2. Virtual property is not protected by law at present! Money in society is just a kind of special commodity to facilitate economic exchanges, which is issued by special state institutions. Moreover, money can not be issued indiscriminately. If the ratio between the currency in circulation and the country's GDP is out of balance, it may lead to one of two consequences: first, inflation. 2、 Economic crisis. Every year, the country carries out macro-control and evaluation on the gross output value of the economy, so as to determine the amount of money issued in the next year. To maintain the economic balance of the country. Now you can think about how money comes from in the virtual society of online games. The answer is very simple. Most of the money in the game is earned by killing monsters or virtual skills. No game has a special currency issuing agency. In other words, money can grow infinitely in the game. So inflation is very common in the game. Similarly, other virtual items in the game can be increased infinitely, regardless of the daily economic law, as long as they are used by appropriate means (such as plug-ins). If we link these two kinds of property completely affected by different economic laws, what will be the consequences?

3. There is no special regulation

4. Maybe it's just the prejudice of a few people. The vast majority of fans who like NBA will support NBA all the time. Moreover, NBA players are updated quickly, and it's normal that some of them are not liked.

5. Now the virtual RMB has also been issued, and the state's policy on virtual currency must strengthen supervision. In this case, we can agree.

6. bitcoin and other virtual currency is a kind of network virtual currency generated by computer operation or issued and managed by network community, which can be used to purchase network virtual goods or physical objects. Because of its strong sense of consumption, it attracts people's attention. However, it should be noted that it is difficult to supervise the use of virtual currency in offline transactions, so some countries have found it illegal. However, virtual currency, a financial model that is so convenient for people's lives, is indeed worthy of in-depth study.

7. It should be the public chain! The public chain of technology!

8. Virtual currency background system refers to the background of the platform. The real digital currency seldom mentions the virtual currency system, but mostly refers to the marketing currency and MLM currency. These coins do not have any technical content, let alone the so-called application. The platform design is very rubbish. At a glance, you can see that it was not created by professionals. However, this kind of currency has a certain market share in the market, relying on marketing
the mainstream trading platforms of bitcoin and lightcoin are very reliable both in terms of customer experience and security. Even the crowdfunding platforms such as European crowdfunding design project crowdfunding tokens with higher technical content than those so-called digital currencies.

9. The necessity of legislation

China suppresses the value of its own currency (RMB), so that the price of China's export procts is cheaper than when it allows the currency to be determined by the market. China's monetary policy has hindered the growth of American economy and employment. Nobel laureate economist Paul Krugman estimates that China's monetary policy has reced US GDP by 1.4% a year. According to Fred bergstein of the Peterson Institute, allowing the yuan to rise to its real value will make U.S. manufacturing more competitive and add about 5 million manufacturing jobs in the U.S. mainland

generally speaking, according to the anti subsidy law of the United States, if it is indicated that the imported procts benefit from the export subsidies of foreign governments or cause damage threat to the instries procing the same or similar procts in the United States, the relief tariff can be imposed on these imported procts. However, the U.S. Department of commerce still refuses to investigate foreign governments' monetary measures as subsidies that can levy countervailing ties<

the key element of the revised fair trade currency reform act is that it overturns the long-term practice of the US Department of Commerce and is more stringent than the provisions of the US domestic law and WTO rules. Specifically, in the past, when subsidies were not limited to exports (for example, non exporters might make profits), the Ministry of Commerce would refuse to recognize them as export subsidies. The revised fair trade currency reform act requires the Ministry of commerce not to adopt such a clear line rule, but to consider all factors when deciding "export sustainability"

the revised fair trade currency reform act provides important guidance for the Ministry of Commerce on how to determine the existence of "interests" in the case of government intervention leading to undervalued currency. Specifically, the Ministry of commerce should assess the "benefits" according to the extra currency gained by exporters e to undervaluation, and use the generally accepted method of the International Monetary Fund (IMF) to determine the level of undervaluation

however, in all cases, the revised bill retains the following powers and responsibilities of the Ministry of Commerce, that is, to consider the actual situation of the case and make decisions according to whether it meets the legal elements necessary for export subsidies<

the WTO compliance of the revised fair trade currency reform act
the revised fair trade currency reform act is in line with the WTO rules, because the countervailing ty can be levied only after the Ministry of commerce makes a ruling based on all facts, which is in line with the WTO judgment standard for export subsidies. For example, only if: (1) foreign government's intervention in the money market constitutes "financial assistance" 2) An "interest" is therefore granted; And (3) the subsidy "depends on export"

the key element of the revised bill is consistent with the precedent of WTO, that is, the Ministry of commerce can not dismiss the prosecution based on the single fact that a subsidy also applies to circumstances other than exports. A related case is the case of the U.S. Forest Management Commission (U.S. - FSC), which clearly states that a subsidy may still have "export performance as a condition", even if the subsidy may not involve exports in some cases

it is important that the revised bill does not legally "consider" that a ruling that the base currency is undervalued meets the requirement of "taking export performance as a condition", which has been stipulated in the original bill. Due to the cancellation of this provision and other amendments, the revised bill avoids the loopholes that may be inconsistent with the WTO caused by the previous versions of the bill.

10. Security protocol of e-commerce