BTC, ETH, XRP, and other maximalists in the cryptocurrency space believe that having one global currency standard will make us all better off. Yet the theory of optimum currency areas from macroeconomics actually tells us that a shared currency isn't such a great idea. Rather than replace existing fiat-based financial systems, cryptocurrencies will co-exist and serve as a check against wayward financial stewards.Read more in Why There Won't Be One Global Currency.
Share this post
The Control - Issue #52
Share this post
BTC, ETH, XRP, and other maximalists in the cryptocurrency space believe that having one global currency standard will make us all better off. Yet the theory of optimum currency areas from macroeconomics actually tells us that a shared currency isn't such a great idea. Rather than replace existing fiat-based financial systems, cryptocurrencies will co-exist and serve as a check against wayward financial stewards.Read more in Why There Won't Be One Global Currency.