Post
Topic
Board Bitcoin Discussion
Re: A New Way to Think About Currency: The "Unit" Concept
by
wxa7115
on 21/06/2024, 04:08:58 UTC
edited
This seems like a waste of time if you ask me, you are trying to create a new standard that will just complicate things even further, besides at the end nothing will really change as the dollar, euro, bitcoin and any other form of money will still have its own independent value.

There was a time when the gold standard was in place and each currency was backed by a specific amount of gold, so converting one currency to the other was very straightforward, but since all currencies are fiat now, the value of all currencies is relative to each other, making impossible to implement a proposal such as yours.