Currently the closest thing we have to a global currency is the dollar.
Renminbi(yuan) is circulated to 1400million people (china)
Rupee is circulated to 1289million people (india)
Euro is circulated to 742million people (europe)
dollar only circulated to 320million people.. (america)
sorry america is not that big.. only the media spoon feeders think america is great
based on population dollar is 4th.. based on number of countries using it daily.. euro wins by far
What I most like about Bitcoin is that it can likely withstand a nuclear holocaust - better than anything else. It's backed by electricity, computing power and connectivity. As long is there are solar panels, computers and some sort of internet, there will be Bitcoin.
if you live in a nuclear holocaust zone, firstly the cancer would get you far before you got a working electrical system and internet in your area. far easier to barter food clothing and letting out a spare room in exchange for goods before eveyone finally crocks it..
also, if you were not living in a holocaust zone. then there are no problems
nuclear holocausts may kill people over a few years, but they can kill computers in seconds.. so dont believe the dream that computers will save your finances and existance..
Isn't it just a matter of time before the banks start using it to protect themselves from each other? And to hedge against economic instability and social unrest?
they would prefer to make their own.
Isn't it just a matter of time before intelligent computers start using it to distribute resources amongst themselves, and to guide the flow of those through the companies most beneficial to their existence?
already kinda happening. you can load up a fridge with a weeks worth of value and when you scan the milk you just drank against the fridge door. it will create a new shopping list which it would send when it wants. the technology is there, all we need is a software update to include bitcoin as a fund option and a few store delivery companies to accept bitcoin.