wholesale jewelry sf Three attributes of currency: trading medium, accounting unit, value storage.
First of all, clear the concept: The essence of currency is general equivalent! In other words, people recognize that this thing can be used as the price measurement scale of other products, then it is currency. In the primitive society, people use the method of ease to exchange the materials they need. Livestock, salt, rare shells, rare bird feathers, gems, sand gold, stones and other items that are not easy to obtain in large quantities have been used as currencies. And Bitcoin has become a medium of trading in some companies. For example, on January 9, 2014, Overstock, a large US Internet retailer, officially accepted Bitcoin. For example, on July 18 of the same year, Dell began to accept Bitcoin payment. Therefore, in terms of traditional meaning, Bitcoin has monetary attributes! Can be regarded as currency. but Bitcoin is not a "legal currency". The credit of the fiat currency is based on national sovereign guarantee, while Bitcoin virtual currency has not been recognized by my country so far. As early as 2013, the five ministries and commissions such as the People's Bank of China clarified that Bitcoin was not a currency in the "Notice on Preventing Bitcoin Risks". It only acknowledged that it was a virtual product that it was a virtual product that was not protected by the country and laws. property. Therefore, Bitcoin is not a legal currency. Bitcoin cannot meet the requirements of the essence of currency, and there is no corresponding only in the monetary function. Summary: Bitcoin can be regarded as currency but not a legal currency!
wholesale jewelry sf Three attributes of currency: trading medium, accounting unit, value storage.
First of all, clear the concept: The essence of currency is general equivalent! In other words, people recognize that this thing can be used as the price measurement scale of other products, then it is currency.
In the primitive society, people use the method of ease to exchange the materials they need. Livestock, salt, rare shells, rare bird feathers, gems, sand gold, stones and other items that are not easy to obtain in large quantities have been used as currencies. And Bitcoin has become a medium of trading in some companies. For example, on January 9, 2014, Overstock, a large US Internet retailer, officially accepted Bitcoin. For example, on July 18 of the same year, Dell began to accept Bitcoin payment. Therefore, in terms of traditional meaning, Bitcoin has monetary attributes! Can be regarded as currency.
but Bitcoin is not a "legal currency". The credit of the fiat currency is based on national sovereign guarantee, while Bitcoin virtual currency has not been recognized by my country so far. As early as 2013, the five ministries and commissions such as the People's Bank of China clarified that Bitcoin was not a currency in the "Notice on Preventing Bitcoin Risks". It only acknowledged that it was a virtual product that it was a virtual product that was not protected by the country and laws. property. Therefore, Bitcoin is not a legal currency.
Bitcoin cannot meet the requirements of the essence of currency, and there is no corresponding only in the monetary function.
Summary: Bitcoin can be regarded as currency but not a legal currency!
wholesale 18k gold filled jewelry It is a virtual digital currency, unofficial currency, but has a certain consensus