RamonAtila Posted January 10, 2017 Share Posted January 10, 2017 I was just thinking (and I'm not all smart about explaining myself well so here it goes) I was thinking about Bitcoin and imagined a future where a bunch of new currensies like Bitcoin popped up and us returning to Babylonian and ancient Egypt days when a lot of different decentralized currensies existed and how certain products could only be bought with certain currensies. Then I wondered if this were true what would happen to national currensies like the dollar, and I imagined it would still be around but only used for government spending. Could this crazy future I envisioned work or not work? Link to comment Share on other sites More sharing options...
Guest Posted January 10, 2017 Share Posted January 10, 2017 In theory it could potentially work, but in reality, governments aren't in the business of giving up their monopolies or a huge portion of their ability to drive fiscal policy. They may remain a fringe commodity that some people use as a currency, but the chance of it ever really being a widespread currency seems highly unlikely. Link to comment Share on other sites More sharing options...
pavonis Posted January 10, 2017 Share Posted January 10, 2017 It's spelled currency and currencies. Bitcoin isn't a currency, anyway. It's a commodity. Link to comment Share on other sites More sharing options...
Guest Posted January 11, 2017 Share Posted January 11, 2017 I think that there is a reasonable question to be asked if bitcoin could become a currency. The answer is no, but I don't think it is any more insane than asking if the US should go back on the gold standard. Link to comment Share on other sites More sharing options...
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