Quote from: goodpeople222 on January 27, 2018, 10:23:33 PM

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 can be characterized as a computerized portrayal of significant worth that is issued and controlled by its engineers, and utilized and acknowledged among the individuals from a particular (virtual) group. Not at all like normal cash, it is depending on an arrangement of trust and not issued by a national bank or other managing an account specialist

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