Flashback 1988: “Get Ready For A World Currency by 2018″ – The Economist Magazine!

in cryptocurrency •  7 years ago 
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Good post. I can see more than just bitcoin though. The world currency can by crypto in general. And people can choose what to use. At least in an ideal world

I feel the ideal would be just 1 cryptocurrency though. Right now there are 700 over different coins with hundreds of different wallets and its so confusing and hard to manage. Might not be bitcoin, maybe other alt coins.

Seems to me bitcoin is the gold standard. The rest are valued based on btc.

Oh I agree, ideally. ;)

Bitcoin already is our World Currency. People are just slow to realising that.

2018 will see wider adoption

That magazine tells people what will happen before it happens, or at least a plan. Very scary that there are some who intentionally seek to manipulate and control the entire world...and so far they have not done a very good job

I was thinking the same thing about this newsweek prediction and bitcoin. It's a bit of a conspiracy stretch to tie them together, but the timing is such that it makes you wonder. Even if Bitcoin is slated as the one world currency, it seems like it would make it even that much more valuable because 21M bitcoins cannot support the world. We might have to come up with a new term of what your call 100th of a bitcoin, or 1000th of a bitcoin. Like Bitbyte or something more catchy.

My understanding is that the decimal point can have an eternal amount of zeroes to the right, so as we have seen, 1btc keeps valuing, now people like me can only afford .01. If trend continues, most people will only be able to afford. 0000000001 or whatever. If this is all true, then the people who dont get in will be really screwed. Also watch out for the august 1st fork...could change things and people will lose bitcoin. Also, brits came out with rmg..official british gold standard in a digitial coin...so watch and pray so youre not fooled or left out! And the more we share info openly the better chance of prospering

Those term are already here:
http://bitcoindenominations.org

But these terms are technical and do not really provide more clarity. Why not switch to Satoshi right away?

following you as well. keep the updates coming guys. Love to see all the news on crypto's.

I've seen a few of those before, but the names have to be something cool.

I want to buy a latte at Starbucks and hear them say "Sir, that will be one Nakamoto and three Sotoshi's please".

Takeshita Coming to town == Satoshi Nakamoto? haha

following you now. I love getting updates on crypto's. Steem is the best financial news platform I've ever seen.

thanks! Followed you too!

Ok so out of the ashes of the dollar rises a new currency, colored gold. Phoenix is symbolic...not the name of the currency. The clue we should focus on is what is that circle with the line through it?

we will know in 2018 as the coin stated?

maybe - I saw a post on some previous covers - those guys have some serious influence on politics and banking

Stay on target