Hey guys what do you think ?
Will we have a global currency?
I personally think that the idea of global currency will benefit citizens, there won't be exchange tax and other things , but at the same time it will kill the competency of the countries that the political leaders think is important , there will be no more best to worst currencies , no exchange rates and nothing.
Will it be beneficial?
I think the benefits are more than compensating for the bad effects.
I think this wide variety of currencies do have some advantages
If we will have a global currency will it be internet based?
I don't think it can be internet based because more or so there will always be a sector which doesn't plan on using the money and worse who doesn't know how to use the internet and how do you plan on giving this advantage to the tribal people ? It will be worse , it will be like , if someone wants to kill the economy of the world entirely they just need to shut down the internet and everything, every transaction will stop.
Please share your views ?
Will we have a global currency?
I personally think that the idea of global currency will benefit citizens, there won't be exchange tax and other things , but at the same time it will kill the competency of the countries that the political leaders think is important , there will be no more best to worst currencies , no exchange rates and nothing.
Will it be beneficial?
I think the benefits are more than compensating for the bad effects.
I think this wide variety of currencies do have some advantages
If we will have a global currency will it be internet based?
I don't think it can be internet based because more or so there will always be a sector which doesn't plan on using the money and worse who doesn't know how to use the internet and how do you plan on giving this advantage to the tribal people ? It will be worse , it will be like , if someone wants to kill the economy of the world entirely they just need to shut down the internet and everything, every transaction will stop.
Please share your views ?
If there were to be a dominant global currency, it will be internet based.
It simply doesn't make sense to bring back the gold standard or silver standard when there is something far more convenient, in my opinion. Especially when you take into the costs of making transactions overseas if your proposed form of global currency exists in a physical form only, it's not much better than having to exchange between different currencies right now.
Your concern about the ease of which the currency may be shut down/targeted also doesn't make sense. Shutting down the internet is a much more difficult task than what you would imagine, and if the currency is decentralised like bitcoin, even more so. It might actually be easier to overthrow a global currency that is issued in physical form by a single entity.
More or so it was a metaphor the thing is more than 80% of the humanity lives in less than 10$ a day , and I don't think internet is accessible for them.
That section is comprising 80% and we cannot target a global currency for just 20% for them internet might as well doesn't exist.
Clean food and roof over their head is more important.
I understand that the internet is decentralized but what if a country is in a war ??
That would be easy to break all the ties with the world .
And then there are countries like North Korea more or so .
It's weird to think that the currency can be internet based.
