Post
Topic
Board Economics
Re: Why the world really needs virtual currencies
by
aubert
on 10/11/2017, 05:35:01 UTC
I came across an article this morning that, to me, really shows why the world needs a virtual currency. I'm from England, and there's a saying here that goes: "When America sneezes, the rest of the world catches a cold." The article discusses the history of the Asian Financial Crisis, and how we may be heading toward something similar.

It amazes me that we have a currency that can potentially protect us (working people) from global financial crises. This is unique and incredible time in history!  Grin

https://www.rt.com/op-edge/398890-financial-crisis-asia-curency/

For me we really need it simply because the world is not big enough and the world does not have enough supply of those raw materials used to create money, paper money a cash. And if we use digital currency or virtual currency we do not need to think where to get a supply of cash because virtual currency just needs a program in the computer to duplicate it. The world will be much convenient than ever because we do not need to bring a lot of cash we just need to bring our mobile phone because it is always with usm
That actually sounds right, all these stupid traditional money only destroying our earth because in every money printed, there's so many trees that's been chopped off.
So, if the whole mankind want to keep the earth, they can just simply switching over to digital currencies such as cryptocurrencies or digitalized traditional money which is in form of debit card or credit card.