TED Conversations

Edward Gonzalez

This conversation is closed.

Creating a global currency

Government currency as we know it today is a perceived value. We work and are paid based on the perceived value of our work. We pay for products on the perceived value of those products or services. When an economy or government experiences trouble the perceived value of their currency is impacted as well. This can be dissuaded by establishing a global currency. With the advent and growing use of Bitcoin, how long before currency comes in only one form. The Euro is a great example on how many countries can agree to work on one standardized form of currency. With the increase of trade among nations and the internet making it easier for consumers to buy products online developing a standard global currency makes sense.

Share:

Showing single comment thread. View the full conversation.

  • thumb
    Aug 8 2013: Establishing a global currency is not enough in itself to dissuade the effect that cause a country's currency to fall in value. There are many other reasons to create an effect to that end. You claim that when there is just one currency which is a global, there is going to be no worries about the fluctuations of the value of the currency. But then, there is going to be another concern. This time, whoever gets the highest amount of money or the authority to produce the highest amount of money, will dominate the market, and nothing will change.
    There is another important point i'd like to make. One nation's issuing his own money and with his statemen's and his culture specific things and places on it, this is something different. Your culture, your nation and your places and your pride on it. No thanks. ı am ok with my currency...

Showing single comment thread. View the full conversation.