Who owns the money?
1. The differences between virtual and artificial currencies
There are two terms what are normally misunderstood in the real world. The virtual currency means the normal currency, what have digital form. And artificial currency is the currency, which is made by a private corporation.
The last one acts like normal currency, except those things, what are called as bitcoins are not public tender. They must be bought or sold in certain companies, and the thing differences them from natural currencies. The thing is that the trade with currencies or bitcoins is based the trust. If people trust the thing, they will use it.
1.2 Bitcoin operates in economics the same way with Java-program, what needs a virtual motor to run. This decreases the influence of normal economics.
When we want to compare economics to the computer, we might think the normal or natural currency as the level of the operating system. If somebody drives things straight in this level, it might have a big influence on all economic situation. But if we would have something between the layers of the operating currency and the natural currency, we might suppress the influence of those actions.
The situation is similar to make programs in the world of computers. If those programs would drive straight on the operating systems, that would cause the jam or falling the entire system. This is why there is used the Java programming language in many universities and other institutes. Java uses the virtual machine between the operating systems layer and the programs, which denies the falling of the operating system if there are errors in the program.
1.3 Bitcoins operating in the world of finances like Java-program operates in the world of computers
If we want to compare the bitcoins to the normal virtual currency, the bitcoins are like the program, what is created by using Java-programming language. In the case of bitcoins, the action is similar to Java-programs. There is an operator or company between bitcoin and normal currency.
That thing corresponds to the Java virtual motor because if the operator would operate by using bitcoins, that would not have the same scale influence straight to the natural currency. There is a company between bitcoins and normal currency, and this decreases the influence of the buying and selling those things to normal currency.
2. The actor who owns the quantum prime number, what verifies the currency owns it.
The answer to that question is very simple: the actor who owns the quantum prime number, what verifies the code, what is called as currency. There is a possibility, that if somebody would able to steal that prime number, that person can create own money on the Internet. The problem with the modern currency is that most of the international trade and currency remains on the Internet as the virtual form. That means that every single coin is actually the small file, that contains the information that is similar to the serial number.
But the number in virtual currencies is actually the quantum prime number, there are billions of numbers, and if we would want to print the bill, the length of that coupon would be more than a kilometer. The modern currency is actually the bitcoin, regardless the name of the currency, and if we are talking about artificial currencies like bitcoins, we must remember, that the traders, what operates with those things, are made a contract, that when somebody buys bitcoins, that operator would buy them back.
3. The key element in trading and financing is trust
That means that the bitcoin, what is actually the common name for artificial currencies is acting like money. But let's get back to currency, and the question, who owns it? The normal electronic currency is owned by the states, what has created it. And bitcoins are owned by companies. The problem with those currencies is that if somebody wants to buy them, is that the central computer makes money.
Because the government must buy the currency back, if somebody wants to sell them to it, that thing can break the entire economic field. Selling the currency happens simply by changing them to some other currency. And this thing makes virtual currency really problematic because there is no limit to create that thing.
The thing, what makes the artificial and virtual currency similar is that there is a method, how to verify the currency, and there is an actor, who buys it when somebody wants to sell currency. The artificial currency is not legal tender in public trade, but there is a possibility, that some supermarkets would start to operate with bitcoins. That means that there would be the bitcoin between the merchandise and the customer. The process would go that the customer would able to pay straight by using bitcoins, but those things are only the product of imagination.
1. The differences between virtual and artificial currencies
There are two terms what are normally misunderstood in the real world. The virtual currency means the normal currency, what have digital form. And artificial currency is the currency, which is made by a private corporation.
The last one acts like normal currency, except those things, what are called as bitcoins are not public tender. They must be bought or sold in certain companies, and the thing differences them from natural currencies. The thing is that the trade with currencies or bitcoins is based the trust. If people trust the thing, they will use it.
1.2 Bitcoin operates in economics the same way with Java-program, what needs a virtual motor to run. This decreases the influence of normal economics.
When we want to compare economics to the computer, we might think the normal or natural currency as the level of the operating system. If somebody drives things straight in this level, it might have a big influence on all economic situation. But if we would have something between the layers of the operating currency and the natural currency, we might suppress the influence of those actions.
The situation is similar to make programs in the world of computers. If those programs would drive straight on the operating systems, that would cause the jam or falling the entire system. This is why there is used the Java programming language in many universities and other institutes. Java uses the virtual machine between the operating systems layer and the programs, which denies the falling of the operating system if there are errors in the program.
1.3 Bitcoins operating in the world of finances like Java-program operates in the world of computers
If we want to compare the bitcoins to the normal virtual currency, the bitcoins are like the program, what is created by using Java-programming language. In the case of bitcoins, the action is similar to Java-programs. There is an operator or company between bitcoin and normal currency.
That thing corresponds to the Java virtual motor because if the operator would operate by using bitcoins, that would not have the same scale influence straight to the natural currency. There is a company between bitcoins and normal currency, and this decreases the influence of the buying and selling those things to normal currency.
2. The actor who owns the quantum prime number, what verifies the currency owns it.
The answer to that question is very simple: the actor who owns the quantum prime number, what verifies the code, what is called as currency. There is a possibility, that if somebody would able to steal that prime number, that person can create own money on the Internet. The problem with the modern currency is that most of the international trade and currency remains on the Internet as the virtual form. That means that every single coin is actually the small file, that contains the information that is similar to the serial number.
But the number in virtual currencies is actually the quantum prime number, there are billions of numbers, and if we would want to print the bill, the length of that coupon would be more than a kilometer. The modern currency is actually the bitcoin, regardless the name of the currency, and if we are talking about artificial currencies like bitcoins, we must remember, that the traders, what operates with those things, are made a contract, that when somebody buys bitcoins, that operator would buy them back.
3. The key element in trading and financing is trust
That means that the bitcoin, what is actually the common name for artificial currencies is acting like money. But let's get back to currency, and the question, who owns it? The normal electronic currency is owned by the states, what has created it. And bitcoins are owned by companies. The problem with those currencies is that if somebody wants to buy them, is that the central computer makes money.
Because the government must buy the currency back, if somebody wants to sell them to it, that thing can break the entire economic field. Selling the currency happens simply by changing them to some other currency. And this thing makes virtual currency really problematic because there is no limit to create that thing.
The thing, what makes the artificial and virtual currency similar is that there is a method, how to verify the currency, and there is an actor, who buys it when somebody wants to sell currency. The artificial currency is not legal tender in public trade, but there is a possibility, that some supermarkets would start to operate with bitcoins. That means that there would be the bitcoin between the merchandise and the customer. The process would go that the customer would able to pay straight by using bitcoins, but those things are only the product of imagination.
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