Virtual currency is a general equivalent

1. Money appears with the constant change of the form of commodity exchange value. At the end of the primitive society, when people had surplus procts, they had to exchange between different tribes. For example, if a tribe had surplus sheep, it was necessary to exchange them with others. By chance, a man with a rabbit also exchanged them. When two people met, one sheep exchanged for five rabbits. It can be seen here that the value of one sheep is represented by five rabbits. This sheep is now represented by five rabbits, which is an initial form of value expression. With the progress of society and the emergence of surplus procts, this kind of transaction is more and more frequent. Finally, people recognized silver and gold as the material to measure the value of all commodities, so money came into being

it can be seen that money itself is a kind of commodity, but this kind of commodity has a special function. It can be exchanged with any other commodity and acts as a general equivalent.

2. Money is the general equivalent
the general equivalent is the basis of the emergence of money and the development of the general equivalent
this problem should be seen from the origin of money
accidental barter -- expanded barter -- emergence of general equivalent -- emergence of currency
before the emergence of money, the general equivalent has appeared, but it is not fixed. Many commodities have served as general equivalents. This is the most important difference between them
if you want to answer a short answer question, you can answer it according to the following ideas:
Contact:

1

2. It can be directly exchanged with all other commodities to show the value of other commodities

differences

1; Money came into being after the second division of labor

2; It has a wide range; Currency has a narrow extension and scope, especially gold and silver

3; Money is fixed in these three aspects.

3. General equivalent
general equivalent is a kind of commodity which is separated from commodity and serves as the unified value expression material of all other commodities. Its appearance is the inevitable result of the development of commodity proction and exchange. Historically, the general equivalent was undertaken by some special commodities. With the progress of society, gold and silver have become the most suitable currencies to perform the function of general equivalent. Money is a special commodity separated from commodities and fixed as a general equivalent
Chinese name
general equivalent
foreign name
universal equivalent
definition
the commodity that represents the value of all commodities
development process
the proct of the third stage of value form development
proposer
Karl Marx
definition
general equivalent is separated from the commodity world and represents the value of all other commodities Commodities
overview
the emergence of general equivalents is e to the lack of unified equivalents in the form of expanded value, which can not meet the increasing needs of exchange, so the functions of equivalents graally spontaneously stabilize on a certain commodity, resulting in the emergence of general equivalents. The general equivalent is a socially recognized equivalent form. Its natural form has become the common value form of all commodities. It can be directly exchanged with all other commodities. All other commodities regard it as the embodiment of abstract human labor and have relations with it. Only when all other commodities are first transformed into general equivalents, the private labor expended on them can be recognized by the society and become direct social labor. Only in this way can they actually have exchange value and can they be exchanged for other commodities at any time. Therefore, the general equivalent becomes the medium of commodity exchange and plays the role of currency. However, it is not money. Only when the function of general equivalent is stable on precious metals, can it develop into money[ 1]

general equivalent
equivalence relationship
relationship between currency and general equivalent
connection:
1. All commodities are separated from commodities
2. It can be directly exchanged with all other commodities to show the value of other commodities
differences:
1; Money came into being after the second division of labor
2; It has a wide range; The extension and scope of money are narrow, especially gold and silver
3. The general equivalent is not fixed in time, region and material texture; Money is fixed in these three aspects.

4. Of course, paper money is money, and virtual money is money
money is not a commodity, but a general equivalent for commodity exchange
e-money is a virtual currency with the same value as paper money.