WHAT IS THE FUTURE MAY BE Bitcoin CURRENCY
Deciding Quinn is a digital intermediary exchange Cryptocurrency, or digital currency is issued open source Mining anyone in the world by solving a series of complex algorithms to be able to Mining "version" of this currency and converted to the origin of the private financial portfolio to be used after it online like like any currency in the world, often under pseudonyms.
Deciding Quinn differ from the rest of the world currencies that are not released by the central bank, and bearing the logo of the state, there is no monetary policy is based upon, or monetary authorities defend, and exploit these characteristics to promote her they are not subject to the influence of any monetary authority manipulator Pkmyatha therefore not exposed to the risk of decline in purchasing power. And by the way is not the only digital currency, but the most famous in the world, and you've dealt with these currency analysis in two articles in a row on the "economic" entitled "virtual money" and said that the introduction of this currency called "Nukamoto Satoshi," and even today do not know whether this label back to real personal or group or institution ... etc.
The basic question that I'm trying to discuss it today is you can decide Quinn turns to the world currency to replace the traditional currencies like the US dollar replaced? Is it already can not receive digital currency issued by the central bank in the world where the acceptance of dealers to replace the traditional currencies? Are we going to enter a new phase of monetary history of the world where traditional disappear money to be used instead of them do not follow a specific monetary authority in the world independent digital money? Is it possible to use as a reserve currency deciding Quinn global central banks, where they become the primary means of payment in international trade or financial transactions? Perhaps the specialist reader realizes that these questions in a very critical, and the answer is also an extremely difficult issue of the multiplicity of factors that play a key role in this area.
In this article I will try to answer the first question, warning the reader at the outset that the world's currencies are currencies that received wide acceptance at the international level, and are available including sufficient quantities to meet the needs of customers where to settle commercial and financial transactions across borders, as well as used as a reserve asset central banks , these currencies and supports a wide capital markets, particularly for short-term bonds that allow surpluses to invest in these currencies, but these characteristics is the dollar and the euro the most important currencies of the world.
What that was issued deciding Quinn even took the news spread over a large around between different media, also attracted the attention of the central banks in the world, and began to talk about a new type of digital or virtual money that goes down to use significantly compared to credit card fees, to the extent that some become heralds the arrival of the era of digital money, and the disappearance of traditional money. Personally I think that the spread of deciding Quinn in this way that we see now would not have happened without the global financial crisis and the decline in a lot of people's confidence in currencies of their countries or in international currencies, in particular the dollar, and the decline profitable investment opportunities with the decline in interest rates to almost zero in most countries of the world and the spread of speculation about the motive in assets achieved high returns, such as gold, and then represented the Queen to decide an optimal substitute for speculators who are looking for high-yield and are willing to take the risk.
According to the system of deciding Quinn, the maximum that could be mined, including a 21 million unit only, has been mining about 12 million units so far, and currently has about 3,600 units are mining bit Quinn day around the world, and bearing in mind that there are nine million units almost is the remaining ones for mining could be argued that at current rates of mining, the quantity exported from deciding Quinn will reach a maximum in about six years from now. However, the process of creating deciding Quinn is not in this way, every several years is reduced quantities that can be mined to half a day, which means that the area will remain open because the mining operations continue to tens or perhaps hundreds of years in the future.
But how can for 21 million ECU to become the currency of the world that needs to be a huge amount of money to finance the daily business and financial dealings? For example finally indicate the BIS statistics that the world is trading more than five trillion dollars a day in the foreign exchange market, how can solve 21 million units of the currency replace the dollar, for example? The answer lies in the division of the currency the way, he was baptized by established this currency to divide the unit deciding Quinn to molecules called Satoshi, which allows the total value that up to any number, each unit bit Quinn contain 100 million Satoshi, means that if traders in the currency today dealing mainly unity deciding Quinn, the area is open to the unity deal Alsatoshi when their prices rise in the future.
If we imagine, for example, to decide Quinn turned to the currency of the world and increased value per Alsatoshi to reach one dollar, the unit will decide Quinn will be worth $ 100 million, and taking the maximum allowable Ptadenh of deciding Quinn into account a 21 million units, the total supply of cash basis Monetary Base to decide Quinn will be $ 2100 trillion, a number that exceeds the needs of the fictional world of money a hundred times.
Of course, if the nations of the world are allowed to open accounts with the banks to decide Queen banks and began the practice of traditional activities transferred Modat to loans and then create deposits "money" from this Modat, the money supply of deciding Quinn will expand significantly, depending on the multiplier create deposits , a way that ensures that the money supply from the Queen to decide on the global level can be up to levels sufficient funding for the whole world needs them.
Now, if they decide to allow Quinn to provide the world's need quantity of money Could Quinn decide to turn the currency of the world? The answer, in theory yes, The way split this currency and pricing can allow to provide enough cash basis of the whole world needs the money, but there are factors that prevent them from doing so, and this is what I will try to analyze in my article next week that sometimes God.
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