Currency Reform from bitcoin

 

Bitcoin is decentralized to prevent unauthorized currency sending by currency issuing institutions.

The main reason for currency depreciation is that currency issuance institutions in various countries are sending out of stock, and the currency that has been sending out of stock is equivalent to tax collection from the currency holder, resulting in a reduction in the value of the currency.

To reform the status quo and give full play to the greater effectiveness of currency, I think a more reasonable mechanism should be established.

For example, if 0.1 billion "nobeicoin" is issued, people can use one-to-one renminbi to buy and sell this currency.

After the sales of nobencoin were completed, it was announced that it was not bound to the renminbi and prohibited the circulation of the Renminbi. Instead, it could only be used for circulation, making or nobencoin the main currency for circulation in the market.

Because the market is developing, and the total amount of nobeicoin remains unchanged, it will inevitably lead to a decline in prices and a currency appreciation.

When prices fell to the original 1/10, it was announced that it would issue 1 billion "November 2.0", and 1 November against 10 November 2.0, so that the correspondence between the currency value and the commodity value would be restored.

When the exchange is complete, destroy the old "nobencoin ".

 

The nominal value of a currency is a measure of the value of goods. It is worthless. With the development of productivity, the value of goods will become smaller and smaller, goods with a small value cannot be measured if they are less than a certain value. Therefore, new banknotes must be issued. The issuance of new banknotes does not affect the value of commodities in the past, so it must be "equal value exchange ". The change in the currency nominal value does not affect the scale, and spam leads to the evaporation of the original commodity value (equivalent to the accumulation of wealth), while the existing commodity value does not change due to the change in the currency quantity. These are the actions that affect the scale. Another factor that affects value is the development of productivity. The decline in the value of existing commodities is equivalent to increasing the purchasing power of currency holders.

For example, if I sold a cow, I got 10 nobeicoin, And the banknote-issuing bank printed it. nobeicoin depreciates, now I want 100 nobeicoin to buy a cow, that is to say, the original 10 nobeicoin became 1/10.

I sold a ox and got 10 nobay coins. Now I can buy one ox with 100 nobay coins and 2.0 RMB, but I can change 1 nobay coin to 10 nobay coins and 2.0 RMB, that is, 1/10*10 = 1, and the value remains unchanged.

If I sold a ox and got 10 nobenes, but the production of the ox suddenly dropped a lot, 100 nobenes were enough to buy a ox. Prices have changed, but the scale of the currency has not changed, but the price of the ox has changed. Other commodities are still the original price. Therefore, although I cannot buy another ox for this 10 nobencoin, most of the time it is equal to 10 nobencoin. The purchasing power of currency will slowly increase with the development of productivity, so the decision to sell the ox is always right.

People get a "currency appreciation" return from productivity improvement, which leads to a greater willingness to trade goods, rather than holding goods. The stability of the value of currency also promotes people's enthusiasm for production. More goods are produced in exchange for currency holding.

 

Conclusion: The value remains unchanged, but the new face value can be used. The number is more in line with the current productivity.