Topic: The new world currency in 2018? - page 3. (Read 2272 times)
Many things predicted in the 80s didn't happen and won't happen. That's just the way things go with the total majority of predictions.
Even the most richest person in this word can make any prediction but 90% of that will not happen, same thing in cryptomarket everyone is making their own prediction and yet not all of them succeed. Today the market are still down, and cryptomarket is not moving high maybe 2018 is the year for bear, so this prediction remains negative. 
Many things predicted in the 80s didn't happen and won't happen. That's just the way things go with the total majority of predictions.
But yeah, if we want to break worldwide barriers without ceding a sovereign country's ability to control their monetary supply and giving an international centralized body inordinate amounts of geopolitical capital, we can simply use Bitcoin alongside fiat. Bitcoin is the new world currency.
Yup. I don't see why people keep focusing on Bitcoin to replace everything while banks, governments, fiat and Bitcoin can perfectly function alongside each other. We can use the best of all options offered. That's freedom.Not everyone is interested in Bitcoin to dominate everything. If Bitcoin was to replace everything as some speculative noobs want it to do, all others would practically be forced to go with something they don't like.
Bitcoin can't handle the weight of the whole world, and for that reason we should be happy to have other options helping Bitcoin to evenly distribute the weight of the world population. Bitcoin even with LN isn't going to do it alone.
Totally agree. There is too much weight and expectation put on bitcoin,
we see it here on the boards regularly. "When will bitcoin be accepted as
the world currency" etc. etc.
Not everyone wants to use bitcoin and bitcoin cannot solve all economic
Requirements.
A one world currency is possible for sure, the EURO is a good example
but bitcoin wont be it, in the context of replacing FIAT.
i believe in Phoenixcoin because coin has advanced checkpointing against 51% attacks. Other coins (btc, ltc, bch, xmr etc.) in the top do not have this protection and can be attacked at any time.
What check pointing are you even referring to? This was something mentioned some years ago with just an example being phoenix and which in the way it looks, it would have been more of a centralized entity but not like it actually came into existence anyway. Bitcoin is already a great innovation in that lane which is even decentralized in nature and that makes it a plus. If you like, keep considering old time sayings as anything tangible in the present world when things are changing fast.
You must take 30 year old predictions with a pinch of salt. Bitcoin comes close to being a universal currency, but as of today the US dollar plays this role. Even fiction writers would have struggled to write about a digital, decentralised currency 30 years ago.
A pinch of salt indeed.What was even mentioned was a whole lot different from what bitcoin is today which at least what Rothschild publication predicted was that a one world currency is likely to be put in place as soon as 2018 – eroding individual nations’ sense of sovereignty, and which we know would have ended up being centralized anyway.
We do not know what the future holds but one currency worldwide to me still seems far fetched and I guess we will have to wait and see if bitcoin like you said get pretty close to it eventually.
There are a lot of new coins on the market, but now the value of the coins is always the lowest so far, so I was not eager to buy and hold them. same as in 2017
BTC for 2018. POW is quite strong at the moment, and its value its not high enough for any governments to plan to attack it.
If considering a long period of time, i would say new consensus mechanism is required. Right now i didn't see any projects that could possibly fight against btc, apart from the one i in
.
If considering a long period of time, i would say new consensus mechanism is required. Right now i didn't see any projects that could possibly fight against btc, apart from the one i in
. Yes, its Phoenixcoin. Soon after hard fork Phoenixcoin will better than bitcoin. I bought some coins and wait for hard fork and annonced mobile wallets in this year and after that I'm sure that the coin's price will soar like a phoenix.
Unless it's Bitcoin, they are doing it wrong.
It's obvious that unless Bitcoin is the currency they refer to, they are way behind implementing such thing this year. Of course, that article is 30 years old - They maybe had a plan but a lot of things can change in such high amount of time.
Time will tell.
Time will indeed tell but like you said, if what they were referring to is having a centralized means which becomes a world currency, then I do not see that working. It's obvious that unless Bitcoin is the currency they refer to, they are way behind implementing such thing this year. Of course, that article is 30 years old - They maybe had a plan but a lot of things can change in such high amount of time.
Time will tell.
I do not even see bitcoin itself becoming a new world currency which I may be wrong, but at least, the government would make it in such a way that fiat still gains huge relevance in the long run to make the space an alternative to it for those who are like real believers and we know government cannot just easily back down without a fight as the case may be.
New currencies are necessary for the market, the main thing is that they carry with them a technological development that brings benefits.
BTC for 2018. POW is quite strong at the moment, and its value its not high enough for any governments to plan to attack it.
If considering a long period of time, i would say new consensus mechanism is required. Right now i didn't see any projects that could possibly fight against btc, apart from the one i in .
If considering a long period of time, i would say new consensus mechanism is required. Right now i didn't see any projects that could possibly fight against btc, apart from the one i in
. 
You must take 30 year old predictions with a pinch of salt. Bitcoin comes close to being a universal currency, but as of today the US dollar plays this role. Even fiction writers would have struggled to write about a digital, decentralised currency 30 years ago.
Interesting article.
It is very likely that bitcoin will become a single world currency. Today in the world there is an "economic crisis", which seems to me created in order to implement the idea of introducing a single crypto currency into developed countries.
I really do not see how likely that is for bitcoin or any other digital currency such as phoenix as the OP mentioned to become a single world currency. Highest we can see is for it to become an alternative to fiat and simply it is not everyone who would be utilizing it anyway. It is very likely that bitcoin will become a single world currency. Today in the world there is an "economic crisis", which seems to me created in order to implement the idea of introducing a single crypto currency into developed countries.
As long as it is a centralized currency that is controlled by one body, it does not make it different from the fiat we have been used to, however, this is a decentralized space and that idea of it being the only currency would not work unless we keep deceiving ourselves.
i believe in Phoenixcoin because coin has advanced checkpointing against 51% attacks. Other coins (btc, ltc, bch, xmr etc.) in the top do not have this protection and can be attacked at any time.
Keep in mind that this Phoenix that is suggested is merely an example. It has no relation to the similarly named cryptocurrency whatsoever, and may not even be in existence at the moment.
Even though a global currency is already possible with bitcoin and other cryptos, this is proposing a global currency controlled by a central entity - which is completely different to what bitcoin is.
At the moment it would still remain to be quite far fetched as there is no agreed world central bank or government with enforceability. Could happen in the future, and if it does happen, it would essentially mean that one organization is controlling the entire monetary policy of the whole world, which may not necessarily be that good of a thing.
Even though a global currency is already possible with bitcoin and other cryptos, this is proposing a global currency controlled by a central entity - which is completely different to what bitcoin is.
At the moment it would still remain to be quite far fetched as there is no agreed world central bank or government with enforceability. Could happen in the future, and if it does happen, it would essentially mean that one organization is controlling the entire monetary policy of the whole world, which may not necessarily be that good of a thing.
Those ideas are really hard to happen. The crypto market is currently experiencing downtrend. That new currency can not overcome the charisma of bitcon, the first electronic currency. It takes a lot of time to be known more and proven to be worthwhile. But I do not trust the future of it. lol
Do not forget that we already have a similar example with the European Union and their common currency - the euro. While it is impossible to say that this example is successful. Then in one country, then in another, different difficulties begin. The United Kingdom leaves the European Union, the problem is with Italy, then with Spain. But these are countries with approximately the same level of development. And what will happen if such an alliance is combined with different levels of development?
In addition, we see a lot of local military and conflict zones. Now, through the fault of Russia, the next arms race begins. Apparently, this situation will continue for a very long time.
In addition, we see a lot of local military and conflict zones. Now, through the fault of Russia, the next arms race begins. Apparently, this situation will continue for a very long time.
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