Post
Topic
Board Bitcoin Discussion
Re: What is Virtual Money?
by
semarmesem195
on 06/03/2018, 10:03:47 UTC
About virtual currency, there are 03 different understandings:

    Money is unmanageable, no physical shape and is used in electronic environments, it is called virtual money.
    The type is not real value, not guaranteed by cash, gold, and valuable assets.
    The money is usually used to pay for games in electronic games, each type of game has a different currency and they can not be used to exchange for each other or to bring out the electronic environment to buy. Other service products are.

The concept of virtual money is born, widely used and most often by the third interpretation itself. With this kind of money, the balance can be managed and easily changed by the issuer without affecting the financial or market economy.

Virtual money is just as percussed as paper money, it's just that virtual money has no form. And virtual money is a digital form of the banknote itself. Like what you say that virtual money is often used for online game payments. But if you know, the benchmark purchase price of the virtual money itself comes from fiat money. So that virtual money is an invisible form of paper money