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RE: Singapore Dollar soon to join the blockchain as a digital token
Here's a twist. What if the USD is replaced as the "Global Currency", through nations creating agreements to trade petroleum in currencies other than the Petro Dollar (which is really all that supports the USD), and Bitcoin replaces the USD as the Global Currency?
Instead of thinking of how many dollars, yen, euros, francs, etc a Bitcoin is worth, we would ask how many Bitcoins a dollar, yen, euro, franc, etc is worth. Bitcoin would become the standard ruler by which all other currencies are measured.
Hence Bitcoin being the new Gold standard of measurement which was abolished by The US in '71 from when there was no measurement of how many currency a country could print.
Exactly!
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