The world ultimately will have a single currency
I don't believe this. Those are nothing more than bold & crazy statements to make people speak about him.
"Any ads is a good ad", a la Craig Wright
RE: Jack Dorsey: "Bitcoin will eventually be the currency of the internet"
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Jack Dorsey: "Bitcoin will eventually be the currency of the internet"
Everyone using a single currency makes sense on a lot of levels, why do you doubt this?
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There is more than 7 billions humans and 200 countries in earth. There is wars, we are not united. This is why there is different fiat currencies.
There is technological disparencies, 40% of the world population have an internet connection (in third-world countries, this mean going to a cyber cafe), even less have a smartphone, even less have a smartphone with internet connection.
In many places even the ATMs regularly get out of service because of shitty internet connection. God, even the connections of cyber cafes drop daily, sometimes for many hours.
In still many places, a lot of small family businesses doesn't even have a land-line phone.
Cryptocurrencies are not an option in these conditions.
It's not about "would it make sense or not".
It is simply something that won't realize.
It would make sense that all the people around the world start using the same language. Do you think we will?
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You are right. But the way I read his words is: Bitcoin will be the most important currency in the world. the default to do business with. But as with everything, there will be other options including other crypto and fiat currencies
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Maybe I'm "too much of a square" when it comes to interpret written things
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I agree we will definitely not have one currency but a few crypto currencies. Fiat will die out though!
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