That is no where near an example of 1 to 3 currencies only existing.
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Replying to @SoakerPatoshi @hugohanoi
That wasn’t possible before the Internet. It is possible now.
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Replying to @MustStopMurad @hugohanoi
You haven't given any reasoning as to why the laws of economics implying the advent of crypto means for the first time in our history we will have 1 or 3 currencies only.
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Replying to @SoakerPatoshi @hugohanoi
Global currency reduces frictions of unneccessary exchange
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More importantly, a global currency will be much bigger and hence a lot less riskier than small national ones
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Replying to @MustStopMurad @hugohanoi
I don't think that is true at all. Its an assertion. Diverse divisions can be a form of decentralization.
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Replying to @SoakerPatoshi @hugohanoi
borders create hundreds of currencies and cyberspace doesn’t need either
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Replying to @MustStopMurad @hugohanoi
different currencies are useful for different things and it has always been that way and there is nothing to suggest that will change.
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Replying to @SoakerPatoshi @hugohanoi
Different currencies are only used to do business with companies in foreign land Imagine a world without borders u can have 1-3 currencies there instead of 200 Minecraft or World of Warcraft don’t have 200 currencies and they work fine borders create too many currencies
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We are decades if not centuries away from a borderless world. I wouldn’t hold my breath for a global currency anytime soon.
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The Internet is already borderless. If BTC or a Stablecoin reaches 10 Trillion, there is your global currency. One DAO can pay another DAO in it. No fiat.
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Fiat will still exist and altcoins will also still exist @ bitcoin = 10 trillion.
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