What Will Be The World Currency? Bitcoin?
Pro And Con
From recently, opinions about the world currency are often heard.
As always, every opinion is "still only" an opinion individual...
What will be the world currency can not safely answer - anybody.
Only if there is a "world government" might the answer be easier.
( world government in shadow, maybe knows )
Let us recall a few "strongest" statements,( statements from "mighty" people).
Bitcoin Won’t Be Global Currency: Ripple CEO Brad Garlinghouse
“I think it’s not going to be the panacea that people once thought it would be, where it would solve all of these different kinds of problems,” Garlinghouse said on the sidelines of Money20/20 Euorpe, which is being held this week in Amsterdam.
“Instead, you’re seeing specializations of different kind of ledgers, different kinds of blockchains.”
He went on to say that the maximalist ideology of there being only one currency is not the way to go. “There’s some people in this, the crypto space, the blockchain space — for them, it’s almost a holy war of one versus the other. I don’t look at that at all,” he said.
Garlinghouse said there would be “many winners” in the adoption of cryptocurrencies, and recently in a separate CNBC interview said that he expected Bitcoin’s influence on the price of the other currencies in the cryptocurrency market would soon weaken as people begin to explore other options.
On Monday, Apple co-founder Steve Wozniak said that he hoped bitcoin could become a one-world currency.
Jack Dorsey, president of Twitter, tweeted in March said: "Bitcoin will become the largest single currency in the world."
Dorsey, a personal investor in bitcoin, expects the cryptocurrency to be used for simple things like coffee and said its ascendance to world's currency will occur over 10 years, "but it could go faster," the U.K.-based paper reported.
Square said in November that it would start enabling the buying and selling of bitcoin on its Cash app. Dorsey is also an investor in a star-up called Lightning Labs, which is developing technology to make bitcoin faster and easier to use.
He says:
"The Internet will have a domestic currency, so do not wait for it to happen, let us help it happen.
I do not know if it will be bitcoin, but I hope it will be, "Dorsey added at the consensus stage in New York this Wednesday.
At the "Money 20/20" conference in Las Vegas, in October 2017, said it Bitcoin was better than the US dollar.
Warren Buffett, said on CNBC Wednesday morning that the speculation in bitcoin, and other cryptocurrencies, "will have a bad ending."
Discusion
What's the most important? How currency become "the worldest"?
Acceptance by the largest part of the world community.
Transparency that knows at any time the "supply" of the currency.
Security at the height, that can not be forged or hacked (or at least as small as possible).
Practicality (The speed of the transaction ) to make the currency be practical (yes you can pay one coffee).
Currency transaction price and maintenance - as close to zero (0).
Digital gold for sure and also getting the Lindy's effect...
Appropriate - modern option.
I can not see, who is next candidate ( after Bitcoin ).
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