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Author Topic: Bancor: The New Global Currency ?  (Read 10832 times)
botany
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August 12, 2014, 12:58:03 AM
 #21

Bancor is not something new.  Cheesy


http://www.businessinsider.com/britain-regulate-bitcoin-legitimate-currency-2014-8?IR=T

More than 70 years ago Britain’s John Maynard Keynes (of Keynsian economics fame) suggested a “world reserve currency” called the Bancor. The idea didn’t take off then, but in the here and now the regulation of virtual, stateless currencies could be a small step in that direction.
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August 12, 2014, 08:16:26 AM
 #22

I really don't see how they think this will do any better than the Euro.


     
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botany
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August 12, 2014, 03:08:00 PM
 #23

I really don't see how they think this will do any better than the Euro.

Acceptance by different countries is the key.
But if an idea hasn't taken off for more than 70 years, maybe there is something wrong with it.  Wink
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August 13, 2014, 10:44:11 AM
 #24

I really don't see how they think this will do any better than the Euro.

Acceptance by different countries is the key.
But if an idea hasn't taken off for more than 70 years, maybe there is something wrong with it.  Wink
Yes, the wrong timing. the production and technology haven't developed to a specific level.

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August 13, 2014, 05:06:02 PM
 #25

I really don't see how they think this will do any better than the Euro.

Acceptance by different countries is the key.
But if an idea hasn't taken off for more than 70 years, maybe there is something wrong with it.  Wink
Yes, the wrong timing. the production and technology haven't developed to a specific level.


Even if production/ technology advance, there is a human element to it.
You have to get 100+ countries to agree to use it. There are a lot of big egos involved and this could be very tough.
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