Today is 10/10/18, the rise of the Phoenix according to The Economist

[cellard]

Did anyone remember that today was the day of the infamous cover of the Economist released in January 1988 predicting a one world currency? Well today is the day:



I haven't been following the news, but I guess nothing relevant happened. Perhaps it marks the start of the bull run? would be cool isn't it. Well for what is worth, the bitcoin all time graph is looking good, it's becoming nice and flat, just like when the bear market in after the MtGox crash ended.

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[Hydrogen]

The success of independence movements around the world like #brexit make a single world currency more unlikely by the day.

The desire for one world currencies might be measured by support in additional #brexit votes--until the desired outcome is achieved where the UK remains part of the EU. This may represent the ideal outcome for bankers who seek control over the entirety of the world's monetary supply under a one world currency.

It may be too late for the one world currency. They may have to wait decades until people collectively forget about the failure inherent in pro centralization movements like the european union to try again. Distrust in governments and lack of faith in world leaders is growing as conditions worsen. Independence is gradually being seen as a preferable option, which decreases acceptance for wild state based policy such as one world currencies or one world governments.

[Brunusmagnus]

Wow. It's really interesting to find out how many ways we can make the predictions about the future wrong ...
It would be great to keep the articles we write today, and get a laugh, reading them in thirty years ...

[davis196]

This is some 1988 "clickbait"+"fake news"!
Well,this proves that "The Economist" had invented clickbait and fake news decades before those terms became big.
The idea of a single global currency belongs to John Maynard Keynes,not some stupid author/journalist from that newspaper.

[audaciousbeing]

The success of independence movements around the world like #brexit make a single world currency more unlikely by the day.

The desire for one world currencies might be measured by support in additional #brexit votes--until the desired outcome is achieved where the UK remains part of the EU. This may represent the ideal outcome for bankers who seek control over the entirety of the world's monetary supply under a one world currency.

It may be too late for the one world currency. They may have to wait decades until people collectively forget about the failure inherent in pro centralization movements like the european union to try again. Distrust in governments and lack of faith in world leaders is growing as conditions worsen. Independence is gradually being seen as a preferable option, which decreases acceptance for wild state based policy such as one world currencies or one world governments.

Going down memory lane, the only region which I believe the issue of one currency has survived is only the EU and with the vote of UK to exit, it just dealt a blow to every move that have been made by other regions to first unify their own currency before talking about the world. Today, even countries that have the ''dollar'' to their name find a way to add their identity to it.

The fact is, the issue of currency goes beyond just something that is being used as a medium of exchange. It goes to the root of the country. For example, some countries currency carries picture of a revered leader, some the tribes that makes the country, others is about a dominant trade, others its on the basis of culture which they have been used as a medium of connection between the new generation and the old generation that have gone ahead of them. It them means that with one currency, all of this will be eradicated. That alone won't go down without some opposition.

Another factor is the individual country ego, how exactly would United States be convinced to adopt another currency which would mean letting go the power their currency have taken in the world economy and convincing China or Russia on how they fall in line to adopt the US dollars. Putting all this together, saying its too late to achieve that would be an understatement.

[Betwrong]

It seems like they were off by 9 years but it's okay for such long-term predictions in this fast-paced world of ours. I mean, a one world currency was born in 2009 and it was called Bitcoin. Just replace the coin in their cover picture with this



and you'll get a typical Bitcoin promo pic similar to this one:

[bitChipper]

This is great, I love a good conspiracy!

I have seen this magazine posted before but I never noticed the 10/10 date on the phoenix's neck. I do believe that things from the past in a sense dictate and predict the future, but on the other hand I don't think some global cabal has complete control over the world.

I have been looking around for news and things that have come out today that could maybe be significant and I think this report by the IMF is the most prominent thing.

https://www.imf.org/en/Publications/WEO/Issues/2018/09/24/world-economic-outlook-october-2018

This report is also linked and talked about in the following article:

https://www.express.co.uk/finance/city/1029311/Bitcoin-price-news-cryptocurrency-price-rise-blockchain-international-monetary-fund

Express seems to be an entertainment based conservative news outlet based in the UK, maybe someone could correct me if I am wrong? I don't live in UK.

[FunGate]

I don't think we're all that far off from a one world currency, but I don't think it will be bitcoin if it continues as is. It's too unorganized, there is currently a complete lack of transparency when it comes to the individuals who manage the Bitcoin Core code base. The whole bitcoin ecosystem suffers from a lack of diversity when it comes to both programming languages and implementations.

I do think the one world currency will be in crypto, but certain developments need to happen such as an architectural separation of the functionality of the wallet and the kernel. It also needs to be much more user friendly, but these things will come in time, and are currently being developed.

Only a matter of time before blockchain connects mankind in more ways than one 

[Leocrypto da Vinci]

Well, the goal - or, better, the utopia - of a single currency has existed since the days of the ancient empires: in fact, the theoretical goal of every empire was the end of the wars and the gathering of all the men in only one nation.
Needless to say, it has NEVER worked ...

[Kprawn]

It is not to say if this event happened that it would be immediately evident that it was the rise of the Phoenix.   Take

Bitcoin for instance, Satoshi unleashed the Bitcoin software and nobody even noticed it. ( It did not make global headlines, but

it changed the world much later. ) We might only see what this was, when this event change the world. I just hope that it will

be something related to Bitcoin.  

[timerland]

It could still happen in the future, but obviously nothing has happened on this day.

I wonder if their vision was some form of world central bank or government issuing this Phoenix, or if it was something decentralized and p2p like bitcoin. If it was the latter, then I'd argue that we've already seen enough adoption globally to call BTC a truly global currency both theoretically, as well as practically.

But if the former, it'll be hard to see national fiat currencies going away any time soon and the formation of a global currency like this would obviously require an authority to enforce its value, which is still a far fetched idea for now.

[Hydrogen]

It might help to remember. Centralized abstracts such as *one world currencies* serve primarily as control mechanisms based on the observation that it is much easier for central bankers to control a single currency than it would be for them to try to control thousands of different currencies utilized by nations of the world.

The same precedent applies to one world governments. It is much easier to lobby, influence or bribe a single body of politicians in control over the entire world than to attempt the same thing with a different body of politics for every nation on earth.

The implications are myriad. Many different motivations and externalities can be extrapolated from conditions mentioned.

[passwordnow]

Interesting! I didn't knew that there's one that was published earlier than what I know which was around 1998. There's no significant movement if its for the market but only a dip.

These conspiracies are really interesting if its coming into reality.

[geopolisch]

Did anyone remember that today was the day of the infamous cover of the Economist released in January 1988 predicting a one world currency? Well today is the day:



I haven't been following the news, but I guess nothing relevant happened. Perhaps it marks the start of the bull run? would be cool isn't it. Well for what is worth, the bitcoin all time graph is looking good, it's becoming nice and flat, just like when the bear market in after the MtGox crash ended.

I honestly think it is incredible that people are still remembering this. It should have been long gone and forgot already. Can't believe it keeps coming up constantly every year or two. Since today is the day nothing will happen I hope people will start forgetting this and we can move on.

There is nothing special about today and nothing will happen today, it is exactly the same as the 2012 year would be end of the world (well I doubt we are living since 2012, it has been all downhill since than tbh) yet no big deal happened in 2012 and we are still living, this will be the exact same scenario.

[bitChipper]

As the stock markets make record losses since yesterday, post on zero hedge are still "remembering" this magazine:

https://www.zerohedge.com/news/2018-10-11/bmo-expect-more-downside

Check the first comment, people don't forget, this picture and magazine are obviously a hotbed for speculation and conspiracy theory.

Sad thing about it is....bitcoin crashed alongside the world markets.

[Micerker]

Sunflowers always towards the sun will still be immortal. No need to worry and doubt anything if you trust Bitcoin, like a mighty king who has defeated everything, it can overcome other bad things and become stronger.

[cellard]

When I made the threads I still didn't see the news of the big drop on wall street. Bitcoin dropped $400 bucks too, however that's not relevant enough since we've seen these red candles for months.

The most remarkable news got to be the drop on the stock markets, other than that nothing out of the ordinary happened that I can tell. Perhaps we will see the importance of this drop in the long term and the 10th may reveal itself as the start of something big in the future.

On a side note looks like Zerohedge finally fixed their comment section, it used to crash my browser, total crap design on that website.

[Kemarit]

~ snip ~

I honestly think it is incredible that people are still remembering this. It should have been long gone and forgot already. Can't believe it keeps coming up constantly every year or two. Since today is the day nothing will happen I hope people will start forgetting this and we can move on.

There is nothing special about today and nothing will happen today, it is exactly the same as the 2012 year would be end of the world (well I doubt we are living since 2012, it has been all downhill since than tbh) yet no big deal happened in 2012 and we are still living, this will be the exact same scenario.

People will always remember this kind of outlandish prediction. Specially after crypto was born and bitcoin takes it to the next level. And there's also a conspiracy that bitcoin is the "One". LOL. So I don't see people will simply forget about this date and move on. Stock markets around the world did crash yesterday making this theory a hotbed for discussions specially amongst conspiracies.

https://socioecohistory.wordpress.com/2014/07/26/flashback-1988-get-ready-for-a-world-currency-by-2018%E2%80%B3-the-economist-magazine/

COVER: “GET READY FOR A WORLD CURRENCY”
Title of article: Get Ready for the Phoenix
Source: Economist; 01/9/88, Vol. 306, pp 9-10
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.

[HabBear]

I haven't read about the Phoenix theory/prediction, did it predict that by October 10th, 2018 we'd all be using a universal currency?

Bitcoin can be that currency but we're certainly not all using it. Most of us that own it aren't even using it as a currency, let alone the FACT that most people in this world ignore it and don't even want to own it.

Sorry I'm being negative, but it's the truth. They just don't see the value.....yet.

[Cryptomilz]

I haven't read about the Phoenix theory/prediction, did it predict that by October 10th, 2018 we'd all be using a universal currency?

Bitcoin can be that currency but we're certainly not all using it. Most of us that own it aren't even using it as a currency, let alone the FACT that most people in this world ignore it and don't even want to own it.

Sorry I'm being negative, but it's the truth. They just don't see the value.....yet.

Same here..I'm just hearing this prediction for the first time today. For Bitcoin to be the world unified currency, there certainly needs to be wide spread adoption in various countries of the world. Again, I have serious doubts this is even feasible, there may be a universal currency but maybe not a cryptocurrency.