Why not having universal currency worldwide

Discussion in 'Off Topic Discussion' started by realitybites.in, Aug 29, 2009.

  1. nextmily

    nextmily
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    that's only one of many history ;)
     
  2. rakendurjois

    rakendurjois
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    good idea.

    yes it is a good idea but wat abt the differnsiation of the economic condition of diff countries. thre r lot of issues involved. many countries may not cooperate. like england dint wan use euros n still use pounds. us use dollars. so thre r many issues n ego clashes involved. but the idea is really good.
     
  3. Word

    Word
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    The central point is to have choice in currencies - a universal currency is fine if there are still real choices of which one.

    The two types I like most are the non-government ones ie various 'gold as money' versions like www.goldmoney.com from James Turk, and the first true digital currency, Bitcoins, which I wrote about on my blog http://www.carefulcash.com/cash-by-any-other-name-introducing-bitcoin/

    Competition v government fiat currency is good :)
     
  4. Fergal

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    Word how does Bitcoin compare to something like PayPal? I heard something in the past about a crash in the value of BitCoin, is there any truth in that?
     
  5. Grumpy

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    Read some information regarding BitCoin here. http://en.wikipedia.org/wiki/Bitcoin

    BitCoin has been the fastest growing stock currency ever with a 1000%+ increase. When it launched, it cost $1 per BitCoin, the price is now slightly over $10 per BitCoin!
     
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  6. Fergal

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    Thanks for that Grumpy, very interesting.

    Do any of our members own or use BitCoins?
     

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