Topic: Bitcoin Coin - page 4. (Read 791 times)
I don't think it's going to happen, not every country are in favor of Chinese policy, I don't think the US and the European nation will favor China producing a world currency, nothing beats Bitcoin because it has no country of origin, it cannot be controlled by any nation any companies and it passes religion national and colour and philosophy.
One world currency? we'll starting to be there at some point but you know that it's all about the government. Whatever they say, it's going to be the one that will be followed by the majority. China and US has trade war today so considering that if this will happen, it's unlikely. I don't think that we need one that will be produced by any country. We need a currency that everyone will agree to use it, I don't think that we'll find something else better than bitcoin.
One of the many things that bitcoin become very attractive to many people is that is it is in digital form...take that property away and you are just creating another fiat money not so dissimilar to what we already are using. In other words, there is no new innovation in there and would not make any sense (at least to me). In case bitcoin will eventually fail, the best alternative is to go back to gold -- real gold coins otherwise we just return to the normalcy. Plus you suggest the idea of involving China in making and managing the coins...that is blasphemy to say the least (lol). But I do appreciate the bitcoin image above though it is looking like a silver coin.
What if bitcoin as cryptocurrency didnt work? Do you think this kind of currency would be better?
A dream of having a single currency to be used worldwide is what bitcoin is made to. A currency that doesnt need to be converted into different local currencies with different values. If crypto fails, this idea can be better. If we can produce a coin that doesnt need to be converted and can be acceptable worldwide then its like crypto and fiat fusion. What is the odds?
- Who country will produce this?
Since we have worldwide organizations, it can be decided that way. Maybe China since they are just against crypto and maybe they want it more. They are the most capable of production anyway.
- On what value it will be based on?
I dont know much about this one but if im correct, it will be also based on worldwide economic aspects. Since it has only one value worldwide.
- Isnt it effective since the value of money is different on all the countries?
I guess so. Economically speaking, it will take years of research for this kind of project to succeed. There are a hundreds of things that should be considered. If all nations will be equal, then i dont think there's a problem in this.
What do you think?
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