In 1971, the U.S. ‘closed the gold window,’ starting an era of global fiat money reference-pricing that has been unprecedented in history. Never before had the world operated on the basis of no country anywhere having a currency tied to something with intrinsic value like gold.
Greece could default on its debts and even exit currency bloc if it cannot deliver reforms.
I view Bitcoin as the more democratic version of money and value transfer because no one controls it… I expect the Internet to be around longer than any nation-state, so a nation-state-backed currency is actually less safe than an Internet currency in my mind.
Small change, small wonders – these are the currency of my endurance and ultimately of my life.
I would like to implore all the governments of the world to come together to form a protocol to regulate virtual currency.
PayPal, which was founded in 1998, may be the closest thing to a global currency that has ever been created. Based in San Jose, California, the company operates in 190 markets, sending and receiving payments in 24 currencies on behalf of 90 million active members.
All currency is neurotic currency.
The spectacle of a great, solvent government paying a fictitious price for gold it did not want and did not need and doing it on purpose to debase the value of its own paper currency was one to astonish the world.
We believe that Ripple will change the way the world thinks about and uses currency through universal access to a trusted, transparent, and easy-to-understand multi-currency financial tool.
Bitcoin is really a fascinating example of how human beings create value, and is not always rational… tt is not a rational currency in that case.
The euro is… a failed currency, a wrong currency, a failed experiment.
If you want an alternative currency, check out gold. It has stood the test of thousands of years as a store of value and medium of exchange.
A single currency entails a fixed interest rate, which means countries can’t manage their own currency to suit their own needs. You need a variety of institutions to help nations for which the policies aren’t well suited. Europe introduced the euro without providing those structures.
