Get Ready for A World Currency

in money •  2 years ago  (edited)

"The Economist" (1988) Predicts the Rise of the Phoenix by 2018!


THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let’s say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today’s national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century.

The new world economy

The biggest change in the world economy since the early 1970’s is that flows of money have replaced trade in goods as the force that drives exchange rates. as a result of the relentless integration of the world’s financial markets, differences in national economic policies can disturb interest rates (or expectations of future interest rates) only slightly, yet still call forth huge transfers of financial assets from one country to another. These transfers swamp the flow of trade revenues in their effect on the demand and supply for different currencies, and hence in their effect on exchange rates. As telecommunications technology continues to advance, these transactions will be cheaper and faster still. With unco-ordinated economic policies, currencies can get only more volatile. ...

(http://www.zerohedge.com/news/2017-07-09/economist-get-ready-world-currency-2018)


Cryptocurrencies 2017

Is the Value of Cryptocurrencies going up ?
Or is the Fiat Value going down... ?!

But for sure the conditions of Value are in a massive change right now.
Global Value solutions are on the move !



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I'm ready for this currency war :)

I guess in some countries people are already paying bitcoins to get beer and food at some hotels.

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for sure !
but the conditions, especially the costs of transactions are unacceptable to use btc as a world currency right now.
At this state btc is a good global store of value but no useful "world currency" for payments

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Yeah you are right. But there are governments like Australia accepted crypto currencies.

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yes.
and this will expand !

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Much of tye world still views cryptos as a scam or have yet to putbfaith in them.

Bitcoin expecially right now cant be used for any meaningful transaction as the wait time alone is trumped by fiat.

A world currency needs to be better at every turn, and right now, many people just arent accepting to crpytos.

I believe cryptos are a stepping stone to something much better.

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true.
and there are even more concepts than blockchain based systems.
but crypto currencies are at least a very important milestone for the evolution of digital money.
the expanding development of these groundbreaking inventions are impressive but natural.

there won't be "ONE" and only "World Currency" !
the understanding of money (/value) will completly change.
like the internet changed the way we access, share and store information.

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exactly sir, I like this thinking, i wonder what else will change, AR is already becoming a reality.

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true note.
AR, Blockchains and IoT are very hot topics at the moment.
maybe skynet is on the way.

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Skynet has been on its way for a while now, only,

It wont be called skynet. . :O

I thinl Bitcoin and crypto are im their infancy and certainly have the potential to be a "world currency" in the very near future. Bitcoin = Phoenix

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More like bitcoin > something >phoenix.

Thanks for the information help me on my way through trading