Experience: Is anonymous currency real?

All over the world people are paying more and more money for money privacy. Respect for confidentiality in the exchange is done anonymously. Therefore, an empirical question arises. Does anonymity affect the application? This article attempts to answer these questions through experimentation.

All over the world people are paying more and more money for money privacy. Respect for confidentiality in the exchange is done anonymously. Therefore, an empirical question arises. Does anonymity affect the application? This article attempts to answer these questions through experimentation.

Studies have shown that anonymity is very important in keeping the overall face of average payments, and this effect is stronger in people at high risk. Additionally, people often want a higher ROI percentage in order to balance income and profit and increase risk. Overall, these experiments show that the probability of liking a token depends on the proportion of our behavior on the token.

introduction

Data privacy is a major issue in the data age, and there are three representatives as follows.

First, we are concerned about the public accounts on the list, which are generally happy with their simplicity and anonymity. Cash tourism has increased in many developed and developed industries in recent years, with the exception of Sweden and Norway. Moreover, despite policy changes, such as the decision of the board of directors of the European Central Bank on May 4, 2016 not to give away 500 euros respectively in writing before the end of 2018, there is still a lot of modern writing. high writings. On November 8, 2016, the Indian government released a financial statement expressing skepticism about eliminating 86% of the country. Additionally, cash companies have grown because people prefer cash. Recently, the new disease also seems to have people in need of more money.

Second, the recent wave of innovation in personal payments is characterized by the spread of digital personal payments. Personalized digital assets are a form of personal payment that uses peer-to-peer exchanges (such as blockchain technology or the distribution of technological devices) for the development of goods and exports. Cryptographic algorithms are used in these payment models to protect your privacy. A large group of digital privacy users benefit from the anonymity of these systems. In addition, people who know how to use cash for illicit purposes seem to view digital personal benefits in a similar light. In June 2018, advertising company Facebook announced Libra, a private digital currency project that had a huge impact on bottom lines.

Third, the announcement of the Digital Credit Banking System (CBDC) is one path that experts and financial institutions have been thinking about. At the same time, many central banks have engaged in research and development of technologies to protect their traditional leadership role in the CBDC industry. In particular, the Swedish central bank, Riksbank, is a frequent participant in discussions about the potential of e-SEK advertising. As of July 2020, Ecuador, Uruguay, Bahamas and China have started operating CBDCs. The level of privacy (especially in payment stores) is a big issue in this discussion, as CBDCs can be created in a number of ways, and scanning coins can deconstruct and reconstruct various monetary items.

Milton Friedman discusses the value implications of privacy in promoting values ​​in his book. , a reliable electronic utility will be developed to convert money from A to B on the Internet, even if A and B do not understand each other. "

The role of collecting financial documents

This sentence begins with the meaning of currency and memory. Funds are defined as the actual balance of goods and services and serve as the balance between exchange, unit of account and payment. Memory is an individual's understanding of the history of someone with whom they have come into direct or indirect contact. If the above two points are correct, it can be said that the amount corresponds to the main form of memory.

The logic of these recommendations can be easily understood by comparing the environmental values ​​and the memory environment. If one is unable to retain memories of the past, the automatic shutdown will achieve equilibrium. Therefore, it is a necessary medium for money and memory for the greater well-being of people. In a wealthy environment, if a person makes a temporary investment to get a refund, that money can be used to buy future investments. In a memory environment, it is as if everyone had a data type document that allows them to take into account their future solutions. Thus, money plays the role of data, and these tools present new functions of money.

Also, if the memory is considered representative of the entire account, the more expensive and imperfect it is, the larger the claim. Given the asymmetry of data, many traders who cannot be trusted, the greater the financial demand. This assumption is simple. If a person wants to participate in a trustless exchange, we recommend a medium exchange which can increase the reliability of the exchange network.

Personal money custody function

If the value of money reaches the average exchange rate due to the role of memory technology, the development of technologically advanced account-based networks will cause people to question the fund's responsibility as the holder of the money. record. In a sense, new advancements in memory technology can lower the cost of money. However, there is a contradiction in that working memory for money creates the benefits of privacy when a person lives in an environment where information is incomplete and asymmetric.

So, the data industry increasingly suggests that in an industry where data quality is uneven, the value of currency can be derived from the privacy it offers. In practice, account-based networks require identification of the identity of the payer. If anyone knows about it and is angry, it will create a private payment request.

There are two main types of personal payment requests. On the other hand, people involved in illegal business can request personal information and request Average Payment (MOP) to narrow down the decision. On the other hand, complainants may want privacy, not to avoid legal penalties, but to be protected from others who directly or indirectly interfere with business (eg government, others). , payment centers, etc.).

Overall, where current events can lead to the disclosure of personal information, the misuse of information can damage a person's reputation, independence, and integrity. In this case, the greater the risk and the more people prefer to avoid censorship, the greater the need for confidentiality.

Confidentiality and anonymity

Because there is a correlation between the need for privacy and confidentiality, where privacy must influence personal content, the highest level is the result of comparing the need for anonymity (for example, all the details on a no one are hidden). . This means that it is impossible for all parties directly or indirectly involved in a currency exchange to research information about an individual after the transaction is completed. In addition, in mixed payment models, anonymity can be used as a support for funds. In addition, the lack of privacy can have a negative impact on others.

This discussion had two problems. On the other hand, the anonymity of payments is a feature of public services (such as cash). Compared to other technology payments, cash offers greater financial security. On the other hand, anonymity, better self-defense can lead to additional claims. In fact, some cryptocurrencies are explicitly based on their ability to support semi-anonymous trading. In general, privacy protection technology can also be used to make electronic payments. Cash can be issued by traders, joint ventures or central banks to manage different levels of financial security.

Finally, because of "confidentiality", people may choose not to use privacy protections. In other words, there may be discrepancies between the privacy statement and the confidentiality. For the remainder of this study, we will focus on the relationship between anonymity and financial need.

Financial and anonymous applications

From a practical point of view, the experience in this sentence is based on the orientation of profitability, and MOP Bank has three financial positions at the same time. The first two are the existing features of the MOP as a medium of exchange and collection of fees, and the third is anonymous, the new confidential.

Classical claim theory refers to the first two roles of the MOP. As Keynes argued, by retaining the benefits of family and business, one can distinguish between business ventures and financial savings. Based on this, we initially assumed that everyone was concerned about the skepticism associated with the risk that POM might not work properly. It is believed then that the benefits may provide anonymous protection in use.

Experiments have shown that no matter how many people advertise their privacy preference, the actual cost of privacy is lower than expected, because it is lower. The experiments in this sentence focus only on the privacy situation (e.g. anonymity) and answer the question of whether the anonymity of the results is true and correct, relative value compared to other elements. exchange rate.

Therefore

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The results of the experiment in this sentence show:

Anonymity is one of the most important financial factors.

Seasonal rates are also a currency tool.

The combination of our power with money can lead people to profit from money as a medium of exchange.

People at high risk are more likely to listen anonymously.

Regarding the level of anonymity, people generally prefer a higher ROI percentage to balance income and profit and to adhere to the risks.

Since the experience recognizes the importance of anonymity, consider two things: During this time, cash can remain as an anonymous object. On the other hand, reliability is greater than the anonymity provided by other MOPs when it comes to measuring the risk of skepticism and anticipation of returns, especially since it will draw cash.

Additionally, these results can predict the importance of privacy, as this course is aimed at students with a university degree. Given the potential for a relationship between education and faith in the community, they are less likely to meet the need for anonymity. In addition, some researchers have pointed out that the need for anonymity can affect opposition to censorship.

Finally, this article also describes some of the policies affecting MOP providers such as commercial banks, mid-sized banks, and private companies. As a means of payment, banks will face the problem of anonymity and declining demand, and these features make digital currency more attractive. A unique feature of central bank digital currencies (CBDCs) is that they participate in both electronic MOPs and public benefits. The experiences in this article show that the attractiveness of CBDCs depends on their design in terms of levels of confidentiality and interest-bearing behavior. The unreliable risk of CBDCs lies in weak policy and cash anonymity. Our results suggest that an increase in benefits may promote preference.