~ The World's Currency ~

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Re: ~ The World's Currency ~

Post by ]...[ » Fri Oct 27, 2017 9:48 pm

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Thought the frame of this thread was self evident. I'm NOT touting America the biggest, America the best.

You may be just a bit too sensitive to an inconsequential offshoot to grasp the actual philosophical thrust of the message contained within the original post...

However I am not discounting your statements. Your perspective is valid.






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FlashDangerpants
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Re: ~ The World's Currency ~

Post by FlashDangerpants » Fri Oct 27, 2017 10:52 pm

Pay more attention then. What I was telling you is that reserve currency status is not important and that the entire premise of the thread is therefore not important either.

And stop fucking sock-puppeting with multiple accounts you utter wank bag.

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Bill Wiltrack
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Re: ~ The World's Currency ~

Post by Bill Wiltrack » Sat Oct 28, 2017 6:30 pm

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From Wikipedia: World Currency -


* Blockchain offers the possibility that a decentralized system that works with little human intervention could eliminate squabbling over who would administer the world central bank.




** In addition to the idea of a single world currency, some evidence suggests the world may evolve multiple global currencies that exchange on a singular market system. The rise of digital global currencies owned by privately held companies or groups such as Ven suggest that multiple global currencies may offer wider formats for trade as they gain strength and wider acceptance.









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FlashDangerpants
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Re: ~ The World's Currency ~

Post by FlashDangerpants » Sun Oct 29, 2017 11:15 am

Bill Wiltrack wrote:
Sat Oct 28, 2017 6:30 pm
world central bank.
The world also doesn't need a world central bank. What would the purpose of such a thing even be?

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Bill Wiltrack
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Re: ~ The World's Currency ~

Post by Bill Wiltrack » Sun Oct 29, 2017 1:28 pm

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From Wikipedia: World Currency -


* Blockchain offers the possibility that a decentralized system that works with little human intervention could eliminate squabbling over who would administer the world central bank.





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***Blockchains such as the Bitcoin blockchain eliminate the need for central banks or a global central bank.


Essentially, true blockchains are peer-to-peer. There is no intermediary. Thus most blockchains eliminate the need for central banks.





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FlashDangerpants
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Re: ~ The World's Currency ~

Post by FlashDangerpants » Sun Oct 29, 2017 2:03 pm

You don't understand what central banks do.
You have no grasp of what monetary policy is for.
You have no conception of what an optimum currency area would be.

So you wouldn't understand why peer to peer blockchains cannot replace central banks. Even though they do nothing remotely similar to each other and do not fix similar problems.

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Bill Wiltrack
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Re: ~ The World's Currency ~

Post by Bill Wiltrack » Sun Oct 29, 2017 3:50 pm

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There will always be central banks & a central banking systems.


Public blockchains are peer-to-peer. THERE IS NO INTERMEDIARY such as a central bank or private intermediary.


That is one of the main characteristics of the emerging blockchains.


The future World Currency will be founded in the blockchain.








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FlashDangerpants
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Re: ~ The World's Currency ~

Post by FlashDangerpants » Sun Oct 29, 2017 5:12 pm

Bill Wiltrack wrote:
Sun Oct 29, 2017 1:28 pm
***Blockchains such as the Bitcoin blockchain eliminate the need for central banks
Bill Wiltrack wrote:
Sun Oct 29, 2017 3:50 pm
There will always be central banks & a central banking systems.


Make your mind up idiot.

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Bill Wiltrack
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Re: ~ The World's Currency ~

Post by Bill Wiltrack » Mon Nov 13, 2017 2:53 pm

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Crypto-currencies are the world's first man-made international currency.

This disruptive technology heralds the philosophy of a new revolution - the digital revolution into ALL economic systems - world-wide.


Are you philosophically progressive? Is your country?

Will crypto-currencies allow future generations to be truly - citizens of the world as the great Eugene V. Debs envisioned?








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Arising_uk
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Re: ~ The World's Currency ~

Post by Arising_uk » Mon Nov 13, 2017 3:50 pm

Bill Wiltrack wrote:
Mon Nov 13, 2017 2:53 pm
Crypto-currencies are the world's first man-made international currency.
I thought you said in a previous post that the Dollar was an international currency?
Are you philosophically progressive? Is your country?
What does 'philosophically progressive' even mean?
Will crypto-currencies allow future generations to be truly - citizens of the world as the great Eugene V. Debs envisioned?
[/size]
No more than the Internet has ushered in a peoples democracy.

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Re: ~ The World's Currency ~

Post by Bill Wiltrack » Mon Nov 13, 2017 6:32 pm

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Thank you for paying attention. You are correct in all of your related assumptions to this thread.


Presently, in general, the US Dollar is the recognized international monetary currency of business. That is changing.


In the near future crypto-currency will be more widely recognized as the first true international store-of-value and transaction currency.


Philosophically progressive is obviously an extremely connotative term here.

I think I mean a member here at the PhilosophyNow Forums who is open & understanding of the extremely fortunate position that all of us here find ourselves in. We find ourselves smack dab in the very center of the most dynamic & disruptive revolution that mankind has ever experienced; The Digital Revolution. Often referred to as The Third Industrial Revolution.


The Digital Revolution has already completely changed the way we communicate; The Internet & Smart Phones.

The Digital Revolution has changed the way travel; Electric Self-Driving Vehicles.

Now The Digital Revolution is changing commerce; Cryptocurrency.



*Thank you for the GREAT questions. I hope the information here that I provided will help you and other members to be progressive, liberal philosophers that are able to be open enough to look ahead to new philosophical perspectives based upon our rapidly changing digital environment.








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