Bitcoin Forum

[From Globcoin blog-Medium]

Tom is an interior designer. After 15 years in a successful international career , Tom is praised in many countries as an innovative artist , always close to his client’s needs, respecting their taste though adding his personal touch that has made him famous globally. Tom is the perfect man for the “’Global Village’’.

For him, travelling not only means discovering new countries, meeting new clients and business partners but also finding inspiration in visiting so many different places.

“I had been on the road for about 20 days a month, mostly in foreign countries in Europe, US Asia, Russia and more recently in Latin America. I came home one day and I found a toilet bowl had been overflowing for a week and a waterfall was coming through the ceiling in my living room. I started to feel like a foreigner in my own house. I decided to change the way I live. I decided to sell my house and to be a ‘Global Nomad’ for a while. No more house, no more disasters in my own property! I felt liberated and excited to enjoy this new feeling. It does not mean all my lifestyle has changed. I still travel as much as before but it has been a psychological liberation. Now I spend most time in hotels, Airbnb’s, friends homes — and my office is in airports.”
Tom is not alone. He is one of a growing number of “Global Nomads”, people who carry their lives in backpacks fitting neatly in the overhead compartment.

Now that he is a Nomad, Tom wonders what a ‘’home currency’’ really means for him. What he expects from a currency is to be a store of value, stable, and protecting his purchasing power in most countries he lives in or visits. Traditional currencies do not cut it because of their volatility against each other and the huge conversion cost that you pay when you switch from one to another. Tom has suffered several times from the depreciation of so-called ‘hard currencies’ whose decline cost him a lot in terms of purchasing power abroad. In addition, most economists at best explain the past behaviour of currencies but never consistently forecast their future trend.

If old national currencies are not doing the job, can a digital currency do it?

For a man without frontiers, digital currencies have obvious advantages. By essence they are decentralized, transfers are quick compared to the old systems and much cheaper. However, most digital currencies lack two important functions: store of value including stability; and wealth protection measured in most world economies. These two factors make Tom enthusiastic about Globcoin Global Currency. This cryptocurrency is linked to a basket of the currencies of the 15 main economies in the world plus 5 % of Gold. Managed by Globcoin, a currency management Group based in Switzerland, it has been used by High Net Worth Individuals and wealthy family offices since 2012.

Very interesting stuff. Does seem to be cut out for a special breed of person though. Thanks for writing!