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    Tugas 1 Bing Niaga

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    Mei Justika
    Auctions can be an effective method for selling digital art as it can increase prices, attract interest, and reward artists. However, challenges exist around protecting copyright and authenticity. While decentralized currencies diminish some central bank functions like controlling inflation and regulating banks, central banks must consider maintaining stability without direct control over digital currencies.

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    © All Rights Reserved
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    Tugas 1 Bing Niaga

    Uploaded by

    Mei Justika
    3 views3 pages
    Auctions can be an effective method for selling digital art as it can increase prices, attract interest, and reward artists. However, challenges exist around protecting copyright and authenticity. While decentralized currencies diminish some central bank functions like controlling inflation and regulating banks, central banks must consider maintaining stability without direct control over digital currencies.

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    TUGAS 1 BING NIAGA

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    Auctions can be an effective method for selling digital art as it can increase prices, attract interest, and reward artists. However, challenges exist around protecting copyright and authenticity. While decentralized currencies diminish some central bank functions like controlling inflation and regulating banks, central banks must consider maintaining stability without direct control over digital currencies.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    3 views3 pages

    Tugas 1 Bing Niaga

    Uploaded by

    Mei Justika
    Auctions can be an effective method for selling digital art as it can increase prices, attract interest, and reward artists. However, challenges exist around protecting copyright and authenticity. While decentralized currencies diminish some central bank functions like controlling inflation and regulating banks, central banks must consider maintaining stability without direct control over digital currencies.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    NIM : 053146495

    NAMA : MEI JUSTIKA ZAHARAH


    PRODI : ADMINISTRASI BISNIS
    1. Given the rise in popularity of NFTs (Non-Fungible Tokens) and digital art,
    many creators are now using auction-based platforms to sell their work. Do you
    think auctions are an effective method for selling digital art, considering the
    unique dynamics of the digital art market and the behavior of collectors in this
    space? Explain your reasoning.

    First, auctions can make the price of digital artwork rise. If many collectors compete
    to obtain a work, the price can increase, especially if the work is considered special or
    rare.
    Apart from that, auctions can also make more people interested and interested in
    certain works. The open process can also make collectors feel more confident because
    they can see directly how prices are formed.
    Another thing, auctions can be a great way to reward digital works of art. Although
    initially many were doubtful about the value of digital art, through auctions it can be
    more recognized and appreciated by the collector community.
    Furthermore, auctions can also help digital works of art become more widely known.
    Because the advertisement can be distributed everywhere, it can penetrate the
    international market and reach collectors from various parts of the world.
    But yes, there are definitely challenges too. One of them is about copyright and the
    possibility of duplication of works. So it is important to ensure that artists and auction
    platforms properly protect copyright so that their digital artwork is not easily
    duplicated or faked.
    So, even though auctions can be an okay option for selling digital art, they still have
    to be handled carefully and ensure that all parties are protected in the process.

    2. With the increasing interest in and adoption of cryptocurrencies, some argue


    that the role of central banks could diminish in the future. How might the rise of
    decentralized digital currencies impact the traditional functions of central banks,
    such as controlling inflation, regulating the banking sector, and ensuring
    financial stability? Explain your reasoning.
    Decentralized digital currencies, such as Bitcoin or Ethereum, confuse central banks.
    The thing is, this digital currency is not controlled by a central bank or banking
    system that we are familiar with.

    Regulating Inflation: Usually the central bank has an important role in regulating the
    amount of money in circulation so that inflation remains under control. However, with
    the existence of decentralized digital currencies, central banks lose control over the
    amount of digital currency in circulation. As a result, it becomes difficult for them to
    control inflation in the economy.
    Regulating Banks: Apart from controlling inflation, the central bank is also tasked
    with supervising banks so that the financial system remains stable. However, with
    more and more people using digital currency, many can also access financial services
    without going through a bank. So, central bank control over banks is reduced, and this
    can increase financial risks due to lack of supervision.
    Guarantee Financial Stability: The central bank is also tasked with maintaining
    overall financial stability. However, with digital currency prices fluctuating sharply,
    this could disrupt financial stability which is supervised by the central bank.
    In any case, decentralized digital currencies confuse central banks. They have no
    control over this, because the technology allows transactions to be carried out without
    the need for traditional financial institutions to intervene. So, the central bank must
    think hard about maintaining economic stability without having direct control over
    this digital currency.

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