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Author Topic: The new world currency in 2018?  (Read 2247 times)
coinman76 (OP)
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August 23, 2018, 07:40:16 PM
 #41

I really doubt it will manage to succeed. First of all, it will not be as trusted as bitcoin. Second, people now are more aware of scams. They would not invest in something that just appeared. Perhaps, it needs to take many years for it to get famous so people can start investing in it. In addition, the founder may want to advertise it. The more he does so, the famous his coin gets. But either way, it will not take bitcoin's place and that is absolute.

Phoenixcoin is not a new coin and has a reputation since it is already 5 years old.
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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August 24, 2018, 11:28:52 PM
 #42

Interesting read.

Obviously, if there was a world currency that is put into place by a central entity, it would need some world government to make it happen. We don't see this yet, so it's very unlikely that we'll see fiat currencies all of a sudden disappear and be replaced by a global fiat currency.

If this was ever put in place, it would essentially take away a huge chunk of control from individual governments as well, as they no longer have control over the currency supply.

I'm not that optimistic on the idea, but if there was a force from higher above pushing this to happen, it will happen eventually. But imho, BTC is going to be the only safe, decentralised asset to hold in the long run.
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August 25, 2018, 05:53:43 PM
 #43

Interesting read.

Obviously, if there was a world currency that is put into place by a central entity, it would need some world government to make it happen. We don't see this yet, so it's very unlikely that we'll see fiat currencies all of a sudden disappear and be replaced by a global fiat currency.

If this was ever put in place, it would essentially take away a huge chunk of control from individual governments as well, as they no longer have control over the currency supply.

I'm not that optimistic on the idea, but if there was a force from higher above pushing this to happen, it will happen eventually. But imho, BTC is going to be the only safe, decentralised asset to hold in the long run.

Yes, for world currency need a world government that will very soon. We need to prepare for the beginning of the riots this fall (big crisis, numerous cataclysms and a lot of victims, the beginning of a big war, etc.)
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August 25, 2018, 08:11:06 PM
 #44

Interesting article.
It is very likely that bitcoin will become a single world currency. Today in the world there is an "economic crisis", which seems to me created in order to implement the idea of ​​introducing a single crypto currency into developed countries.
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August 25, 2018, 08:25:56 PM
 #45

Interesting article.
It is very likely that bitcoin will become a single world currency. Today in the world there is an "economic crisis", which seems to me created in order to implement the idea of ​​introducing a single crypto currency into developed countries.
The current economic crisis are no doubt developing a way out for a new model of economy which is no better than the cryptocurrency. It will take time for the people and for the countries to understand crypto economic system. Sooner or later we will see crypto worldwide, maybe as said a single cryptocurrency.
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August 25, 2018, 11:29:27 PM
 #46

if their written this newspaper, that is, it makes sense to think. the main thing is always to have real value right here and now, in case of crisis
The press and messengers are not insiders. So it is difficult to cover the market. Especially at this time are fluctuating and quite complex. Investors should pay more attention and attention to these sources.
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August 29, 2018, 10:18:05 AM
 #47

Quote
Rothschild: Get Ready For One World Currency By 2018

A Rothschild publication predicts that a one world currency is likely to be put in place as soon as 2018 – eroding individual nations’ sense of sovereignty.

The Rothschild-controlled Economist magazine published an article 30 years ago that highlighted the proabability of a world currency by the year 2018.

Thefreethoughtproject.com reports:

One must also keep in mind that the controlling interest of The Economist is held by the powerful Rothschild family, who regard themselves as the “custodians of The Economist magazine’s legacy.” In essence, the magazine operates as a quasi-propaganda arm for the Rothschild banking empire and related businesses and, is in many ways, meant to prime the pump of public opinion for the globalist agenda to be implemented.

The excerpt below appeared in the print magazine on January 9, 1988, in Vol. 306, pp 9-10.

Ready for the Phoenix

THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let’s say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today’s national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century.

At the beginning of 1988 this appears an outlandish prediction. Proposals for eventual monetary union proliferated five and ten years ago, but they hardly envisaged the setbacks of 1987. The governments of the big economies tried to move an inch or two towards a more managed system of exchange rates – a logical preliminary, it might seem, to radical monetary reform. For lack of co-operation in their underlying economic policies they bungled it horribly, and provoked the rise in interest rates that brought on the stock market crash of October. These events have chastened exchange-rate reformers. The market crash taught them that the pretence of policy co-operation can be worse than nothing, and that until real co-operation is feasible (i.e., until governments surrender some economic sovereignty) further attempts to peg currencies will flounder.



The New World Economy

The biggest change in the world economy since the early 1970’s is that flows of money have replaced trade in goods as the force that drives exchange rates. as a result of the relentless integration of the world’s financial markets, differences in national economic policies can disturb interest rates (or expectations of future interest rates) only slightly, yet still call forth huge transfers of financial assets from one country to another. These transfers swamp the flow of trade revenues in their effect on the demand and supply for different currencies, and hence in their effect on exchange rates. As telecommunications technology continues to advance, these transactions will be cheaper and faster still. With unco-ordinated economic policies, currencies can get only more volatile.



In all these ways national economic boundaries are slowly dissolving. As the trend continues, the appeal of a currency union across at least the main industrial countries will seem irresistible to everybody except foreign-exchange traders and governments. In the phoenix zone, economic adjustment to shifts in relative prices would happen smoothly and automatically, rather as it does today between different regions within large economies (a brief on pages 74-75 explains how.) The absence of all currency risk would spur trade, investment and employment.



The phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF. The world inflation rate – and hence, within narrow margins, each national inflation rate- would be in its charge. Each country could use taxes and public spending to offset temporary falls in demand, but it would have to borrow rather than print money to finance its budget deficit. With no recourse to the inflation tax, governments and their creditors would be forced to judge their borrowing and lending plans more carefully than they do today. This means a big loss of economic sovereignty, but the trends that make the phoenix so appealing are taking that sovereignty away in any case. Even in a world of more-or-less floating exchange rates, individual governments have seen their policy independence checked by an unfriendly outside world.



As the next century approaches, the natural forces that are pushing the world towards economic integration will offer governments a broad choice. They can go with the flow, or they can build barricades. Preparing the way for the phoenix will mean fewer pretended agreements on policy and more real ones. It will mean allowing and then actively promoting the private-sector use of an international money alongside existing national monies. That would let people vote with their wallets for the eventual move to full currency union. The phoenix would probably start as a cocktail of national currencies, just as the Special Drawing Right is today. In time, though, its value against national currencies would cease to matter, because people would choose it for its convenience and the stability of its purchasing power.



The alternative – to preserve policymaking autonomy- would involve a new proliferation of truly draconian controls on trade and capital flows. This course offers governments a splendid time. They could manage exchange-rate movements, deploy monetary and fiscal policy without inhibition, and tackle the resulting bursts of inflation with prices and incomes polices. It is a growth-crippling prospect. Pencil in the phoenix for around 2018, and welcome it when it comes.

Only ten years later, in 1998, The Economist was once again engaging the public in an effort to forward the globalist agenda, with an article entitled “One world, one money.”

Very much in line with the 1988 piece, the publication attempts to explain why a much more centralized and controlled system would be beneficial to the global economy, while wholly ignoring the fact that such a centralized global currency would be a massive coup for the international banking cartel, and the Rothschild banking empire’s financial bottom line.

Additionally, it must be noted that the creation of a global currency would give an inordinate amount of geopolitical capital to unelected international bankers, and subsequently take power away from the citizens of each nation and their respective governmental representatives.

Does anyone really want international bankers to have such a vast amount of political power on top of the massive financial influence and sway they already hold in the halls of power?People want more say in their own lives, not having policy dictated to them by international banksters and bureaucrats.

Control over a nation’s money supply is, for all intents and purposes, the lifeblood of a state’s sovereignty – without this independence, the state only exists in name but is subservient to supranational powers whose interests lie outside of domestic and national political/economic concerns.

“GIVE ME CONTROL OF A NATION’S MONEY SUPPLY, AND I CARE NOT WHO MAKES ITS LAWS,” said Mayer Amschel Rothschild, founder of the Rothschild banking dynasty.

Although the Rothschild family now generally keep a very low public profile, they still have significant business operations across a wide spectrum of sectors. While you may not find any one particular Rothschild on the Forbes’ most rich list, the family is estimated to control $1 trillion dollars in assets across the globe, thus having a strong voice across the geopolitical spectrum that many perceive as a hidden hand manipulating events silently from behind a veil of secrecy and silence.

Articles about new world currency in 2018
en
https://kingworldnews.com/rothschilds-1988-prediction-for-new-world-currency-in-2018-set-to-rock-global-markets/
https://goldswitzerland.com/strong-gold-in-2018-vs-new-world-currency/ etc.
ru
http://svpressa.ru/economy/article/186128/ итд.



What do you think about the new world currency Phoenix in 2018 year?
Maibe its this coin Phoenixcoin https://coinmarketcap.com/currencies/phoenixcoin/






World crypto currency is bitcoin and only it. I do not believe that some kind of Phoenix will be able to approach the capitalization of bitcoins for at least 1/10. Bitcoin is supported by communities around the world and this is the main thing.
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August 29, 2018, 03:52:56 PM
 #48

Unless it's Bitcoin, they are doing it wrong.

It's obvious that unless Bitcoin is the currency they refer to, they are way behind implementing such thing this year. Of course, that article is 30 years old - They maybe had a plan but a lot of things can change in such high amount of time.

Time will tell.
Snaic
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August 29, 2018, 04:32:41 PM
 #49

Do not forget that we already have a similar example with the European Union and their common currency - the euro. While it is impossible to say that this example is successful. Then in one country, then in another, different difficulties begin. The United Kingdom leaves the European Union, the problem is with Italy, then with Spain. But these are countries with approximately the same level of development. And what will happen if such an alliance is combined with different levels of development?
 In addition, we see a lot of local military and conflict zones. Now, through the fault of Russia, the next arms race begins. Apparently, this situation will continue for a very long time.

serg4307
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August 31, 2018, 02:31:48 PM
 #50

Quote
Rothschild: Get Ready For One World Currency By 2018

A Rothschild publication predicts that a one world currency is likely to be put in place as soon as 2018 – eroding individual nations’ sense of sovereignty.

The Rothschild-controlled Economist magazine published an article 30 years ago that highlighted the proabability of a world currency by the year 2018.

Thefreethoughtproject.com reports:

One must also keep in mind that the controlling interest of The Economist is held by the powerful Rothschild family, who regard themselves as the “custodians of The Economist magazine’s legacy.” In essence, the magazine operates as a quasi-propaganda arm for the Rothschild banking empire and related businesses and, is in many ways, meant to prime the pump of public opinion for the globalist agenda to be implemented.

The excerpt below appeared in the print magazine on January 9, 1988, in Vol. 306, pp 9-10.

Ready for the Phoenix

THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let’s say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today’s national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century.

At the beginning of 1988 this appears an outlandish prediction. Proposals for eventual monetary union proliferated five and ten years ago, but they hardly envisaged the setbacks of 1987. The governments of the big economies tried to move an inch or two towards a more managed system of exchange rates – a logical preliminary, it might seem, to radical monetary reform. For lack of co-operation in their underlying economic policies they bungled it horribly, and provoked the rise in interest rates that brought on the stock market crash of October. These events have chastened exchange-rate reformers. The market crash taught them that the pretence of policy co-operation can be worse than nothing, and that until real co-operation is feasible (i.e., until governments surrender some economic sovereignty) further attempts to peg currencies will flounder.



The New World Economy

The biggest change in the world economy since the early 1970’s is that flows of money have replaced trade in goods as the force that drives exchange rates. as a result of the relentless integration of the world’s financial markets, differences in national economic policies can disturb interest rates (or expectations of future interest rates) only slightly, yet still call forth huge transfers of financial assets from one country to another. These transfers swamp the flow of trade revenues in their effect on the demand and supply for different currencies, and hence in their effect on exchange rates. As telecommunications technology continues to advance, these transactions will be cheaper and faster still. With unco-ordinated economic policies, currencies can get only more volatile.



In all these ways national economic boundaries are slowly dissolving. As the trend continues, the appeal of a currency union across at least the main industrial countries will seem irresistible to everybody except foreign-exchange traders and governments. In the phoenix zone, economic adjustment to shifts in relative prices would happen smoothly and automatically, rather as it does today between different regions within large economies (a brief on pages 74-75 explains how.) The absence of all currency risk would spur trade, investment and employment.



The phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF. The world inflation rate – and hence, within narrow margins, each national inflation rate- would be in its charge. Each country could use taxes and public spending to offset temporary falls in demand, but it would have to borrow rather than print money to finance its budget deficit. With no recourse to the inflation tax, governments and their creditors would be forced to judge their borrowing and lending plans more carefully than they do today. This means a big loss of economic sovereignty, but the trends that make the phoenix so appealing are taking that sovereignty away in any case. Even in a world of more-or-less floating exchange rates, individual governments have seen their policy independence checked by an unfriendly outside world.



As the next century approaches, the natural forces that are pushing the world towards economic integration will offer governments a broad choice. They can go with the flow, or they can build barricades. Preparing the way for the phoenix will mean fewer pretended agreements on policy and more real ones. It will mean allowing and then actively promoting the private-sector use of an international money alongside existing national monies. That would let people vote with their wallets for the eventual move to full currency union. The phoenix would probably start as a cocktail of national currencies, just as the Special Drawing Right is today. In time, though, its value against national currencies would cease to matter, because people would choose it for its convenience and the stability of its purchasing power.



The alternative – to preserve policymaking autonomy- would involve a new proliferation of truly draconian controls on trade and capital flows. This course offers governments a splendid time. They could manage exchange-rate movements, deploy monetary and fiscal policy without inhibition, and tackle the resulting bursts of inflation with prices and incomes polices. It is a growth-crippling prospect. Pencil in the phoenix for around 2018, and welcome it when it comes.

Only ten years later, in 1998, The Economist was once again engaging the public in an effort to forward the globalist agenda, with an article entitled “One world, one money.”

Very much in line with the 1988 piece, the publication attempts to explain why a much more centralized and controlled system would be beneficial to the global economy, while wholly ignoring the fact that such a centralized global currency would be a massive coup for the international banking cartel, and the Rothschild banking empire’s financial bottom line.

Additionally, it must be noted that the creation of a global currency would give an inordinate amount of geopolitical capital to unelected international bankers, and subsequently take power away from the citizens of each nation and their respective governmental representatives.

Does anyone really want international bankers to have such a vast amount of political power on top of the massive financial influence and sway they already hold in the halls of power?People want more say in their own lives, not having policy dictated to them by international banksters and bureaucrats.

Control over a nation’s money supply is, for all intents and purposes, the lifeblood of a state’s sovereignty – without this independence, the state only exists in name but is subservient to supranational powers whose interests lie outside of domestic and national political/economic concerns.

“GIVE ME CONTROL OF A NATION’S MONEY SUPPLY, AND I CARE NOT WHO MAKES ITS LAWS,” said Mayer Amschel Rothschild, founder of the Rothschild banking dynasty.

Although the Rothschild family now generally keep a very low public profile, they still have significant business operations across a wide spectrum of sectors. While you may not find any one particular Rothschild on the Forbes’ most rich list, the family is estimated to control $1 trillion dollars in assets across the globe, thus having a strong voice across the geopolitical spectrum that many perceive as a hidden hand manipulating events silently from behind a veil of secrecy and silence.

Articles about new world currency in 2018
en
https://kingworldnews.com/rothschilds-1988-prediction-for-new-world-currency-in-2018-set-to-rock-global-markets/
https://goldswitzerland.com/strong-gold-in-2018-vs-new-world-currency/ etc.
ru
http://svpressa.ru/economy/article/186128/ итд.

https://socioecohistory.files.wordpress.com/2014/07/theeconomist-phoenix_get_ready_for_world_currency_by_2018.jpg

What do you think about the new world currency Phoenix in 2018 year?
Maibe its this coin Phoenixcoin https://coinmarketcap.com/currencies/phoenixcoin/






Yes its seems like Phoenixcoin, i will buy some coins. Thanks for the article.
coinman76 (OP)
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September 01, 2018, 05:59:20 PM
 #51

Quote
Rothschild: Get Ready For One World Currency By 2018

A Rothschild publication predicts that a one world currency is likely to be put in place as soon as 2018 – eroding individual nations’ sense of sovereignty.

The Rothschild-controlled Economist magazine published an article 30 years ago that highlighted the proabability of a world currency by the year 2018.

Thefreethoughtproject.com reports:

One must also keep in mind that the controlling interest of The Economist is held by the powerful Rothschild family, who regard themselves as the “custodians of The Economist magazine’s legacy.” In essence, the magazine operates as a quasi-propaganda arm for the Rothschild banking empire and related businesses and, is in many ways, meant to prime the pump of public opinion for the globalist agenda to be implemented.

The excerpt below appeared in the print magazine on January 9, 1988, in Vol. 306, pp 9-10.

Ready for the Phoenix

THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let’s say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today’s national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century.

At the beginning of 1988 this appears an outlandish prediction. Proposals for eventual monetary union proliferated five and ten years ago, but they hardly envisaged the setbacks of 1987. The governments of the big economies tried to move an inch or two towards a more managed system of exchange rates – a logical preliminary, it might seem, to radical monetary reform. For lack of co-operation in their underlying economic policies they bungled it horribly, and provoked the rise in interest rates that brought on the stock market crash of October. These events have chastened exchange-rate reformers. The market crash taught them that the pretence of policy co-operation can be worse than nothing, and that until real co-operation is feasible (i.e., until governments surrender some economic sovereignty) further attempts to peg currencies will flounder.



The New World Economy

The biggest change in the world economy since the early 1970’s is that flows of money have replaced trade in goods as the force that drives exchange rates. as a result of the relentless integration of the world’s financial markets, differences in national economic policies can disturb interest rates (or expectations of future interest rates) only slightly, yet still call forth huge transfers of financial assets from one country to another. These transfers swamp the flow of trade revenues in their effect on the demand and supply for different currencies, and hence in their effect on exchange rates. As telecommunications technology continues to advance, these transactions will be cheaper and faster still. With unco-ordinated economic policies, currencies can get only more volatile.



In all these ways national economic boundaries are slowly dissolving. As the trend continues, the appeal of a currency union across at least the main industrial countries will seem irresistible to everybody except foreign-exchange traders and governments. In the phoenix zone, economic adjustment to shifts in relative prices would happen smoothly and automatically, rather as it does today between different regions within large economies (a brief on pages 74-75 explains how.) The absence of all currency risk would spur trade, investment and employment.



The phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF. The world inflation rate – and hence, within narrow margins, each national inflation rate- would be in its charge. Each country could use taxes and public spending to offset temporary falls in demand, but it would have to borrow rather than print money to finance its budget deficit. With no recourse to the inflation tax, governments and their creditors would be forced to judge their borrowing and lending plans more carefully than they do today. This means a big loss of economic sovereignty, but the trends that make the phoenix so appealing are taking that sovereignty away in any case. Even in a world of more-or-less floating exchange rates, individual governments have seen their policy independence checked by an unfriendly outside world.



As the next century approaches, the natural forces that are pushing the world towards economic integration will offer governments a broad choice. They can go with the flow, or they can build barricades. Preparing the way for the phoenix will mean fewer pretended agreements on policy and more real ones. It will mean allowing and then actively promoting the private-sector use of an international money alongside existing national monies. That would let people vote with their wallets for the eventual move to full currency union. The phoenix would probably start as a cocktail of national currencies, just as the Special Drawing Right is today. In time, though, its value against national currencies would cease to matter, because people would choose it for its convenience and the stability of its purchasing power.



The alternative – to preserve policymaking autonomy- would involve a new proliferation of truly draconian controls on trade and capital flows. This course offers governments a splendid time. They could manage exchange-rate movements, deploy monetary and fiscal policy without inhibition, and tackle the resulting bursts of inflation with prices and incomes polices. It is a growth-crippling prospect. Pencil in the phoenix for around 2018, and welcome it when it comes.

Only ten years later, in 1998, The Economist was once again engaging the public in an effort to forward the globalist agenda, with an article entitled “One world, one money.”

Very much in line with the 1988 piece, the publication attempts to explain why a much more centralized and controlled system would be beneficial to the global economy, while wholly ignoring the fact that such a centralized global currency would be a massive coup for the international banking cartel, and the Rothschild banking empire’s financial bottom line.

Additionally, it must be noted that the creation of a global currency would give an inordinate amount of geopolitical capital to unelected international bankers, and subsequently take power away from the citizens of each nation and their respective governmental representatives.

Does anyone really want international bankers to have such a vast amount of political power on top of the massive financial influence and sway they already hold in the halls of power?People want more say in their own lives, not having policy dictated to them by international banksters and bureaucrats.

Control over a nation’s money supply is, for all intents and purposes, the lifeblood of a state’s sovereignty – without this independence, the state only exists in name but is subservient to supranational powers whose interests lie outside of domestic and national political/economic concerns.

“GIVE ME CONTROL OF A NATION’S MONEY SUPPLY, AND I CARE NOT WHO MAKES ITS LAWS,” said Mayer Amschel Rothschild, founder of the Rothschild banking dynasty.

Although the Rothschild family now generally keep a very low public profile, they still have significant business operations across a wide spectrum of sectors. While you may not find any one particular Rothschild on the Forbes’ most rich list, the family is estimated to control $1 trillion dollars in assets across the globe, thus having a strong voice across the geopolitical spectrum that many perceive as a hidden hand manipulating events silently from behind a veil of secrecy and silence.

Articles about new world currency in 2018
en
https://kingworldnews.com/rothschilds-1988-prediction-for-new-world-currency-in-2018-set-to-rock-global-markets/
https://goldswitzerland.com/strong-gold-in-2018-vs-new-world-currency/ etc.
ru
http://svpressa.ru/economy/article/186128/ итд.



What do you think about the new world currency Phoenix in 2018 year?
Maibe its this coin Phoenixcoin https://coinmarketcap.com/currencies/phoenixcoin/






Yes its seems like Phoenixcoin, i will buy some coins. Thanks for the article.

it is right to buy coins now, less price that now will not be never. Most clowns are waiting for a new bottom bitcoin and other coins, but the market reversal occurred on August 15, now only upwards all the coins. Let them wait further, they will buy then more expensive. The Phoenix charts is the same as bitcoin, you can check it. From 15 August bitcoin and for them Phoenixcoin turn up and there will never be more such low prices. Soon in this year will big updates in Phoenixcoin and we will see it to the moon.
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September 03, 2018, 07:28:17 AM
 #52

Keep in mind that this Phoenix that is suggested is merely an example. It has no relation to the similarly named cryptocurrency whatsoever, and may not even be in existence at the moment.

Even though a global currency is already possible with bitcoin and other cryptos, this is proposing a global currency controlled by a central entity - which is completely different to what bitcoin is.

At the moment it would still remain to be quite far fetched as there is no agreed world central bank or government with enforceability. Could happen in the future, and if it does happen, it would essentially mean that one organization is controlling the entire monetary policy of the whole world, which may not necessarily be that good of a thing.

Smiley
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September 04, 2018, 08:18:47 PM
 #53

i believe in Phoenixcoin because coin has advanced checkpointing against 51% attacks. Other coins (btc, ltc, bch, xmr etc.) in the top do not have this protection and can be attacked at any time.
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September 06, 2018, 07:14:00 AM
 #54

Interesting article.
It is very likely that bitcoin will become a single world currency. Today in the world there is an "economic crisis", which seems to me created in order to implement the idea of ​​introducing a single crypto currency into developed countries.
I really do not see how likely that is for bitcoin or any other digital currency such as phoenix as the OP mentioned to become a single world currency. Highest we can see is for it to become an alternative to fiat and simply it is not everyone who would be utilizing it anyway.

As long as it is a centralized currency that is controlled by one body, it does not make it different from the fiat we have been used to, however, this is a decentralized space and that idea of it being the only currency would not work unless we keep deceiving ourselves.
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September 06, 2018, 07:21:15 AM
 #55

You must take 30 year old predictions with a pinch of salt. Bitcoin comes close to being a universal currency, but as of today the US dollar plays this role. Even fiction writers would have struggled to write about a digital, decentralised currency 30 years ago.


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ikealyou
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September 06, 2018, 07:32:51 AM
 #56

BTC for 2018. POW is quite strong at the moment, and its value its not high enough for any governments to plan to attack it.

If considering a long period of time, i would say new consensus mechanism is required. Right now i didn't see any projects that could possibly fight against btc, apart from the one i in  Cool .

Kusnechik
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September 06, 2018, 07:37:03 AM
 #57

New currencies are necessary for the market, the main thing is that they carry with them a technological development that brings benefits.

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Ewinsane
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September 06, 2018, 09:48:15 AM
 #58

Unless it's Bitcoin, they are doing it wrong.

It's obvious that unless Bitcoin is the currency they refer to, they are way behind implementing such thing this year. Of course, that article is 30 years old - They maybe had a plan but a lot of things can change in such high amount of time.

Time will tell.
Time will indeed tell but like you said, if what they were referring to is having a centralized means which becomes a world currency, then I do not see that working.

I do not even see bitcoin itself becoming a new world currency which I may be wrong, but at least, the government would make it in such a way that fiat still gains huge relevance in the long run to make the space an alternative to it for those who are like real believers and we know government cannot just easily back down without a fight as the case may be.
coinman76 (OP)
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September 07, 2018, 12:14:22 PM
 #59

BTC for 2018. POW is quite strong at the moment, and its value its not high enough for any governments to plan to attack it.

If considering a long period of time, i would say new consensus mechanism is required. Right now i didn't see any projects that could possibly fight against btc, apart from the one i in  Cool .



Yes, its Phoenixcoin. Soon after hard fork Phoenixcoin will better than bitcoin. I bought some coins and wait for hard fork and annonced mobile wallets in this year and after that I'm sure that the coin's price will soar like a phoenix.
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September 07, 2018, 12:57:38 PM
 #60

There are a lot of new coins on the market, but now the value of the coins is always the lowest so far, so I was not eager to buy and hold them. same as in 2017
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