About your cup of coffee and Economic Globalization

[GCP17]

As you probably noticed, the increasing and unstoppable globalization affects global politics, global culture, and of course, global economy. We no longer live in isolation, as something happening in one region is closely linked to consequences all over the World. In 2016, for example, the US presidential election and Brexit caused upheaval in global financial markets.

Problem: Global economy, local currencies
As you drink your morning coffee, observe it for a moment and think about this: Many national economic systems and currencies have participated in the process of bringing that coffee to your table. The value of that cup of coffee is sensitive to currency fluctuations all over the globe… just as your wealth.

Read full article: https://medium.com/@globcoin_io/about-that-coffee-youre-having-and-economic-globalization-41879677fde5

[Hydrogen]

OP's article.

As you probably noticed, the increasing and unstoppable globalization affects global politics, global culture, and of course, global economy. We no longer live in isolation, as something happening in one region is closely linked to consequences all over the World. In 2016, for example, the US presidential election and Brexit caused upheaval in global financial markets.

Problem: Global economy, local currencies
As you drink your morning coffee, observe it for a moment and think about this: Many national economic systems and currencies have participated in the process of bringing that coffee to your table. The value of that cup of coffee is sensitive to currency fluctuations all over the globe… just as your wealth.

Even though we live in a global world, the system still works in terms of local currencies. We live global but we save local, a paradox that has been well studied by GLOBCOIN experts. The truth is, a solution to the global currency paradox hadn’t been made available to the community before.

Solution: A currency that actually reflects the World Economy
Some people think (Maybe most people) they have no currency risk if they stay within the borders of their home country. This is not true anymore. The economy is so globalized today that if your currency weakens for any reason, your purchasing power will be reduced accordingly. You can ask the Venezuelans in Venezuela, as they feel the consequences of this everyday.

We want to create a real global currency for the global village we all live in. GLOBCOIN is a digital coin that intents to reflect the world economy by combining the best aspects of cryptocurrencies and the best aspects of fiat (or traditional) currencies. The plan is to link this digital coin to a basket of currencies from the 15 largest world economies and 5 % Gold.

A global or world currency is actually a well-known concept in International Finance and Foreign Exchange Markets. Just imagine a currency that can be used for transactions across the globe without borders, and investments could then be “currency neutral”, truly global, without any currency bias.

https://medium.com/@globcoin_io/about-that-coffee-youre-having-and-economic-globalization-41879677fde5

...

Globcoin appears to be a one world government, one world currency, venture. Typically those endeavors come via way of central bankers who are the largest supporter of ONG's and OWC's in the world.

One world governments and one world currencies are very centralized paradigms. Its normal for a decentralization versus centralization debate/discussion would crop up, whenever something like this is posted.

I think most of us are aware by now of the typical arguments but if anyone wants to rehash things, by all means.

[buytheeffinD]

Yeah that is great and all but when is the day I can buy a cup of coffee with my bitcoins? Lol not trying to derail but that is just as important to those involved in crypto as global economy and how assets work. At the minimum I will accept getting that coffee for DogeCoin but no coin lower than that in marketcap.

[GCP17]

OP's article.

As you probably noticed, the increasing and unstoppable globalization affects global politics, global culture, and of course, global economy. We no longer live in isolation, as something happening in one region is closely linked to consequences all over the World. In 2016, for example, the US presidential election and Brexit caused upheaval in global financial markets.

Problem: Global economy, local currencies
As you drink your morning coffee, observe it for a moment and think about this: Many national economic systems and currencies have participated in the process of bringing that coffee to your table. The value of that cup of coffee is sensitive to currency fluctuations all over the globe… just as your wealth.

Even though we live in a global world, the system still works in terms of local currencies. We live global but we save local, a paradox that has been well studied by GLOBCOIN experts. The truth is, a solution to the global currency paradox hadn’t been made available to the community before.

Solution: A currency that actually reflects the World Economy
Some people think (Maybe most people) they have no currency risk if they stay within the borders of their home country. This is not true anymore. The economy is so globalized today that if your currency weakens for any reason, your purchasing power will be reduced accordingly. You can ask the Venezuelans in Venezuela, as they feel the consequences of this everyday.

We want to create a real global currency for the global village we all live in. GLOBCOIN is a digital coin that intents to reflect the world economy by combining the best aspects of cryptocurrencies and the best aspects of fiat (or traditional) currencies. The plan is to link this digital coin to a basket of currencies from the 15 largest world economies and 5 % Gold.

A global or world currency is actually a well-known concept in International Finance and Foreign Exchange Markets. Just imagine a currency that can be used for transactions across the globe without borders, and investments could then be “currency neutral”, truly global, without any currency bias.

https://medium.com/@globcoin_io/about-that-coffee-youre-having-and-economic-globalization-41879677fde5

...

Globcoin appears to be a one world government, one world currency, venture. Typically those endeavors come via way of central bankers who are the largest supporter of ONG's and OWC's in the world.

One world governments and one world currencies are very centralized paradigms. Its normal for a decentralization versus centralization debate/discussion would crop up, whenever something like this is posted.

I think most of us are aware by now of the typical arguments but if anyone wants to rehash things, by all means.

Hey!

We appreciate the insight. And you're right: Debate is normal... and healthy.

Our advisor Giuseppe Ballocchi says:

The composition of GLOBCOIN is determined by the invisible hand of decentralized market forces, and not by any centralized authority or central bank.  The rules that are used to determine its composition are designed to measure and reflect the results of those forces, as the historical track record shows. The concept of having weights based in GDP adjusted by purchasing power parity has proven very sound over the years, and in fact it has not only reflected, but even anticipated the impact of market forces. Blockchain technology, which was not available when we came up with the concept undelying the globcoin, empowers us to make it widely avalailable.

Our CEO Helie D'hautefort says:

Our role is to help people to cope with the fact that we live in a globalized world. We're not judging wether it is good or bad, but stating it is a fact.
Our mission is to help people facing some of the consequences of this globalization, given that the strengh of their currency has a direct impact on their purchasing power . By offering diversification into the 15 largest economies thought our currency basket, as easy as a click, we will provide protection against this risk.

And we are also providing one of the most stable cryptocurrencies in the industry, because diversification brings stability . That is why our basket (which is already being traded for large clients) has been far less volatile against all other currencies than anything else including well known safe haven such as the Swiss franc or Gold.

[arpon11]

This is a nice write up and we have to try and understand that the world has actually become a global place and a cup of coffee has united humanity more than  all weapons of war. However, my thinking is how bitcoin and blockchain technology will globalize every aspect of humanity from what we would eat and the way of knowledge one can get. Bitcoin will now served as a banking system in future.