Fiat Currency - What is possible?

Mark Crypto Currency Leave a Comment


It seems that every month a Fiat Currency is undergoing some problem.

No matter what the issue is with the particular currency, its issues do create a ripple effect that touches other currencies in some way or another and that is a part symptom of the centralization of all currencies and their status in the community.

So why do currencies rise and fall in value is always subject to speculation, but it seems to tie in with many factors such as political climate, trade embargoes, regulation and even the weather and no matter how much is done to prevent a rise or fall of a currency, it just happens as factors take control.

Countries and corporations will jump in and buy or dump currencies to upset the valuation and bring a nation to a halt for whatever the reason as can be attested by history

Greece became the epicenter of Europe’s debt crisis after Wall Street imploded in 2008. With global financial markets still reeling, Greece announced in October 2009 that it had been understating its deficit figures for years, raising alarms about the soundness of Greek finances.

Suddenly, Greece was shut out from borrowing in the financial markets. By the spring of 2010, it was veering toward bankruptcy, which threatened to set off a new financial crisis.

To avert calamity, the so-called troika — the International Monetary Fund, the European Central Bank and the European Commission — issued the first of two international bailouts for Greece, which would eventually total more than 240 billion euros, or about $264 billion at today’s exchange rates.

The bailouts came with conditions. Lenders imposed harsh austerity terms, requiring deep budget cuts and steep tax increases. They also required Greece to overhaul its economy by streamlining the government, ending tax evasion and making Greece an easier place to do business.

So no matter what the currency is, there is always some connection to other currencies, with the differences being the borders in which they came from!

A Utopian society built on Digital Currency? Is that possible

Is it possible that if the world adopted a single currency that political issues and other factors would have less effect as in theory the world would work together to either avoid or control any catastrophe that may raise it head at any given time and if this is the case, can it also be theorized that Corporations would take over a lot of the political process as they then control the financial strings that govern societies tools of trade?

Perhaps Digital Currencies do have a larger role to play in this archaic bordered world and just perhaps it could bring us closer to the utopian society that many have theorized

“In order to change an existing paradigm you do not struggle to try and change the problematic model. You create a new model and make the old one obsolete. That, in essence, is the higher service to which we are all being called.” ~ Buckminster Fuller

“The way to subvert the dominant paradigm is to have more fun than they do and make sure they know it.” ~ David Eisenberg

“Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it is the only thing that ever has.” ~ Margaret Mead

Then again, are currencies like Bitcoin as decentralized as we are led to believe or is the hidden control of Bitcoin all in the difficulty model and those that control the “Asic Chip”?

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