There are several types of cybercurrencies existing, the most well-known cybercurrency is Bitcoin. All these cybercurrencies are designed based on the same ideology. The exchange rates between fiat currencies are much easier to be determined. From the market prospect, the exchange rates between fiat currencies are determined by the Forex market demand and supply. Different fiat currencies are similar but have slightly different usages, though they are also designed based on the same ideology. The key difference between cybercurrency and fiat money is one is centralized and the other is decentralized. Because, fiat currencies are centralized, their values are different from the differences between different centres, such as their economic performances, government credit ratings and etc.; on the other hand, cyber currencies are decentralized, which means everyone is possible to mine cyber currencies, then this make it difficult differentiate different cybercurrencies in terms of their fundamental values. Though people may use their upper bound quantities to determine their value differences, the cyber currencies are almost homogenous currencies, their values are completely determined by the supply. When one cybercurrency's value increases, more people will mine this cybercurrency and increase the supply and lower its value. However, since we know cybercurrencies have upper bound quantities, if we are at the point where no more cybercurrencies can be mined, then the exchange rates across cybercurrencies are completely fixed. The exchange rates are completely fixed, what is the point to have so many different types of cybercurrencies?
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