What is Virtual Currency? What is virtual currency?

Virtual currency refers to money that is not real.

Virtual currency is like Q coins or some electric rolls of games, in the currency circle, virtual currency refers to the currency, and some bigwigs make a fortune through the buying and selling of virtual currency. Some mainstream coins are also well worth buying. If you want to learn, it is recommended that you can view the teaching** and currency materials suitable for beginners on the Zhongbi platform.

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Virtual currencies refer to digital currencies such as Bitcoin and Ethereum.

Virtual currency is not a currency in China, the central bank and other five ministries and commissions in December 5, 2013 issued a bitcoin risk notice clearly defined bitcoin as a special Internet commodity, denying its monetary attributes, not used for payment, but the public can buy and sell freely at their own risk. But people in the currency circle don't think so, and the following is the opinion of the currency circle (taking Bitcoin as an example):

Bitcoin has value because it is useful as a form of money. Bitcoin has the mathematical properties of money (persistence, portability, fungibility, scarcity, divisibility and recognizability) rather than relying on physical properties (e.g., and trust) or authority trust (e.g., fiat currency). In short, Bitcoin is backed by mathematics.

With these characteristics, all that is needed for a form of money to have value is trust and use. For Bitcoin, this can be seen in its growing base of users, merchants, and start-ups. Like all currencies, Bitcoin's value comes directly from people who are willing to accept it as a payment method, and it is the only one**.

Some people of insight in digital currency in China are also beginning to explore application scenarios other than digital currency payment, and digital currency scholar Sha Qian mentioned the concept of currency business circles and planned many application scenarios of Bitcoin. Perhaps inspired by the currency business circle, a util-purpose digital currency similar to traditional business points has emerged in the jewelry industry.

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Virtual currency refers to money that is not real. What is the relationship and difference between the value represented by virtual currency and the value represented by general currency? The problem of virtual currencies is a problem in the realm of postmodernity.

They do not share the same underlying paradigm. And it is the difference in paradigms, not virtual phenomena, that makes the difference.

The value basis of general currency is different from that of virtual currency, with the former representing utility and the latter representing value. From the point of view of behavioral economics, money is a general equivalent, and the price it is equivalent to is called value in language, but it actually refers to utility. Virtual currency, on the other hand, does not represent the general equivalence, but the value itself.

Virtual currency is not a general equivalent, but a manifestation of the relativity of value, or a representational symbol; It can also be said that virtual currency is personalized currency. In another way of saying it, it can also be called information currency. What they have in common is that they are all symbols that represent the value of uncertainty and relative value.

By the time this is said, the traditional meaning of money has been broken. Money, in its original sense, can only be a special case of a new, broader currency. Money can be used both as a symbol for general equivalents and as a symbol for a relativized set of values.