Bitcoin could succeed at being the NWO ledger and an anonymous solution could succeed at being the free market's ledger. But what if the free market doesn't want to give too much power to one ledger because it decides that true decentralization is competing options? What if unit-of-account is less important than meritocracy in this new knowledge era?
It seems you all are fixated on the concept that we need a global revolution into a single ledger.
It seems you all are fixated on the concept that we need a global revolution into a single ledger.
I'm pretty sure I said the same thing on rpteilla's altcoin thread a year ago. It was clear to me then and is now that the advantages of a single unit-of-account are far lower in the information age with the ability to do near-frictionless conversions and automated accounting than they have ever been in history. Whether the advantage is now low enough for unit-of-account to fall away as an essential role of money is unclear. There are factors pushing in the other direction, such as globalization (a larger economy benefits more from a common unit-of-account than a smaller one).