Crypto News & ICO Reviews
Since when has 200 different national currencies been good for global trade, forex risk, fair global competition between businesses etc.
How efficient is a business when you need to waste time and resources dedicating effort to following the forex market instead of focusing on your product. What if you dedicate 30 years to building a competative advantage only to see that advantage wiped out in 1 month because your nations currency rises against other currencies.
The whole point of inventing "money" was to do away with barter because barter is inefficient. In fact the "invention" of money was just people deciding to use one single store of value for trade within a community to maximize efficiency of trade instead of using many different mediums (barter).
We now live in one globalized community so we should logically use one globalized currency to make trade more efficient and fair.
When you think about it we literally have a system of inefficient barter today trying to trade global currencies with eachother. Forex is currency barter!
"Money just wants to be one" – Saifedean Ammous
Even over the last 50 years we saw the world trending towards a system of one global reserve currency (USD) where it was permitted. Not that it will last because it gives one countries government the ability to export inflation to the detriment of other countries economies, which will not last over the long term. Infact the dollar standard is crumbling as we speak because it gives advantage to the US over other countries.
We need a politically neutral global currency not controlled by any one government.
Bitcoin will be the one global store of value used as money, all other cryptos will be pay-per-use, where if you want to use a dapp for example your smart wallet "atomically" swaps into other cryptos by the second to pay for it.
It is fine to have one global currency when that currency is politically neutral and not forced on the world but is instead voluntarily adopted. Infact it is the only logical way forward for humanity.