Crypto Perspective

When it comes to innovation and change, humanity in general has a tendency to want to think of the new in terms of the old. While this is understandable as the old is familiar and serves as a useful analytical springboard, it is also harmful; as we automatically attempt to shoehorn the new into frameworks that are not suitable for it.

Is this the case with Crypto?

How Realistic Is The Idea Of A One-World Cryptocurrency? 1

Crypto does not fit neatly into mainstream categorizations

Is it plausible for a single cryptocurrency to replace all fiat currencies?

That is, can there be a crypto-one-world currency?

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How Realistic Is The Idea Of A One-World Cryptocurrency? 2

Crypto does not fit neatly into mainstream categorizations

Now, if Greece was issuing its own currency, exporters would not have been as firmly stuck between the relative strength of the Euro and their high costs.

This is because a country’s exports get cheaper as its currency devalues (this is balanced by a rise in the cost of imports, which will drive up the cost of imported products).

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If No One World Crypto, What Is Plausible?

Crypto does not fit neatly into mainstream categorizations

Just because the existence of a one world cryptocurrency isn’t a plausible economic reality doesn’t mean that cryptocurrencies cannot offer any real world value.

Because they do.

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