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RE: What’s even more intriguing about the picture is the fact that the year on the coin reads 2018
One of the features of a "global currency" which I have not yet grasped is how it would knit monetary and fiscal policy together across nations to form economic stability evenly. The Euro and Greek Crisis in 2014-2015 illustrates that universal currency adoption does not automatically equal stability and improvements. New problems creep up which need to be addressed. Any links to to cryto coins would cover some of the Euro challenges would be interesting to see.
Indeed. :)
Well one of the features of decentralized cryptocurrency is that governments will not have the same power to implement “monetary and fiscal policy”. We do not want more government fiscal policy. The intent of these policies is usually to mitigate the effect of market discipline....let them be subjected to it as you and I are.
The Euro caused the Greek problem by allowing the Greek government to spend and borrow wildly without the market discipline that would have been applied to them if their currency had been Drachmata or for that matter Bitcoin.