Let's talk about this thing: How to create Ideal Money?
Why don't we call our hypothetical perfect currency, let's say, RESERVEUM. There is double meaning in this name:
1) an ideal currency of the future that must be totally asset-backed.
2) an ideal currency that is to become the global reserve in the future
Is it even possible to create such ideal currency?
What features should it have?
Please share your thoughts and opinions.
According to my teacher of economics at the university, the ideal currency shouldn’t be asset-backed. That is why he puts crypto above fiat money. How can it be? Actually, if we just agree with each other that this good is worth this sum of our ideal currency, we don’t need a collateral. Also, ideal currency can be transferred and used at the discretion of the person and mustn’t be controlled by anybody.