What if the world used one currency? | Kavita Gupta

What if the world used one currency? | Kavita Gupta | TED Institute

Рет қаралды 21,330

Күн бұрын

Could cryptocurrencies and blockchain make the world more stable? Currency globalist Kavita Gupta shares how a decentralized global currency could lead to true economic inclusivity, where everyone has the same financial choice, dignity and opportunity.
About the TED Institute: We know that innovative ideas and fresh approaches to challenging problems can be discovered inside visionary companies around the world. The TED Institute helps surface and share these insights. Every year, TED works with a group of select companies and foundations to identify internal ideators, inventors, connectors, and creators. Drawing on the same rigorous regimen that has prepared speakers for the TED main stage, TED Institute works closely with each partner, overseeing curation and providing intensive one-on-one talk development to sharpen and fine tune ideas.
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Пікірлер: 62

@robhingston 4 жыл бұрын

To have a single decentralised currency you would have to get rid of banks and governments to be truly decentralised

@peaceleader7315 Жыл бұрын

Agreed..

@zeph6439 2 жыл бұрын

If you take away the negative hype surrounding the idea, it makes perfect sense.

@calvinospina7307 Жыл бұрын

You cannot make darkness appear good, then you will be part of the problem.

@calvinospina7307 Жыл бұрын

Revelation 13:16‭-‬18 He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name. Here is wisdom. Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666. Repent and believe the Gospels, believe FROM YOUR HEART that Jesus took the punishment of your sins and resurrected on the third day and you will have eternal life and will not perish into the lake of fire. We are in the last days.

@zeph6439 Жыл бұрын

@@calvinospina7307 But it's OK to love everyone and treat everyone in the world as yourself, right?

@zeph6439 Жыл бұрын

@@calvinospina7307 At night we usually switch the lights on, then one can see easily without any problems :)

@sgtigerj Жыл бұрын

@@calvinospina7307 victim of cloud ten pictures I see

@afsalmoosa7881 4 жыл бұрын

There is no way that I'm going to use a payment system owned by Facebook.

@manishabansalmathteachersb9529 2 жыл бұрын

🤣

@AndreiSimon91 4 жыл бұрын

Talks about decentralised currency and then shills centralised coins such as libra and jp morgan coin.

@ericphantri96734 Жыл бұрын

It is not about wealth but about mercy and compassion to less advantage people whose life is depending on survival salary with dignity

@mitrwebb 4 жыл бұрын

Her mistake was starting the talk with "A single world currency" - then into mentioning cryptos and that there are over 16,000 of them however it is a step towards one currency. It's actually a step backwards in the way she describes it.

@anthonygruver3932 3 жыл бұрын

1600

@mitrwebb 3 жыл бұрын

@@anthonygruver3932 thanks, doesn't change anything though 😂

@mikeymike621 2 жыл бұрын

Yeh they would have to create a completely new one and convert every countries currency into the new one based on a global average i.e. pesos to dollar to gbp average

@calvinospina7307 Жыл бұрын

⚠️WARNING⚠️ Revelation 13:16‭-‬18 He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name. Here is wisdom. Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666. Repent and believe the Gospels, believe FROM YOUR HEART that Jesus took the punishment of your sins and resurrected on the third day and you will have eternal life and will not perish into the lake of fire. We are in the last days.

@lowinahlouw9996 6 ай бұрын

True they are hiding the real reason behind all this.one currency one chip (the mark of the beast).no one will be able to buy or sell without the chip.Read your by Byble please people book of revelation

@goonie79 4 жыл бұрын

The only way I would trust a global currency if it's backed by a bill of rights that's similar to positive rights in Norway, but in the US or Canada.

@Motoalpina Жыл бұрын

Sorry how do you control the boom busy cycle of economy if money supply is fixed?

@pnc1358 29 күн бұрын

Boom and bust cycle is from easy money system with Cantillon effects, too much credits, too high multiplier for broad money. Those conditions are encouraged (or discouraged) by the centralized control of interest rates and money supply and those who have better and closer connection to money creation power benefit the most yet didn't have to accept bad consequences when things went wrong since centralized power will likely, with moral hazard, bailed them out with the reason that it is too big to fail and for the sake of "greater good for people" In the hard, fixed, money system, credit will be controlled by market incentives. Loans will not be made without very careful considerations, both from creditors and borrowers. No one can benefit unfairly by having good connection with money creation power since there is no more such thing. Growth will be slow but steady. Boom and bust cycle will not be so severe and those who borrow or loan recklessly have to accept their own consequences without unfairly bailouts like what we have nowadays in the easy money system

@Motoalpina 29 күн бұрын

@@pnc1358 not true. boom/bust existed well before the central banks were invented (i.e. before fiat currency was in circulation). It is caused by the information delay in any market-based economy. The so-called 'easy money' rhetoric is mostly politically driven - the reason we have 'easy money' is because the alternative is far worse. While some of your points are valid (loose due diligence etc.), they are merely side-effects / externalities of modern monetary policy, not its goal. Of course, if you believe in Soviet / ex-China style central planning economy, then one currency make sense, and we all know how did that end

@bdwwe2462 3 жыл бұрын

Superb video..keep it up❤️🥀

@jish55 Жыл бұрын

Honestly, this could lead to a very simple solution to such a major problem around the world, fixing poverty. Right now, because of how the world economy works with so many different currencies, it causes major issues as each country controls their own currency and in turn can change prices for other countries. Have everything under a unified currency, that means that now, all countries have a say in prices and could put everything onto a fixed rate. Now, this isn't as much of a problem as people will think as the fixed rate will be low enough to be affordable, but not so low that people can just buy it all up with ease. This then leads to the other caveat, a UBI, where we're all provided a certain amount each month which would be enough to live comfortably on, but not so much that you can buy out a store. As long as we can figure out that balance, where people can have a roof over their head, enough food to never go hungry, and a little extra on the side to pay bills and enjoy life, it would allow for us to fix the biggest problems the world over and finally end things like poverty and homelessness.

@ericphantri96734 Жыл бұрын

ID and GDP could be replacing money ?

@xelahooper2176 4 жыл бұрын

#BuyBitcoin

@Hybzy 4 жыл бұрын

Let's have a globalised currency so that nations lose their economic sovereignty and no longer have control over interest rates, exchange rates, inflation and other financial mechanisms they can use to control their economy. The Euro worked out really well for Greece, Portugal, Italy, Spain, etc.

@prakharshukla7710 2 жыл бұрын

Aa if right now people have any sovereignty over economy On a global level. USA plays with rest of the world..they keep on consuming and consuming and printing more money , keep borrowing no check what so ever. Why ? Because big 4 wants dollar to remain the global currency. USA's hegemony must end.

@testingk410 2 жыл бұрын

All countries should have same currency and printing rights with global monitoring.

@karuri6267 4 жыл бұрын

Stellar Lumens...not Libra. Ash to ash, Dust to Dust...it will rise as it is the only cryptocurrency which is Shiara certified. Libra works on Stellar network.

@toddmaek5436 3 жыл бұрын

Are yoi serious??

@roberttimmothy 3 жыл бұрын

Buy xrp

@globalview6969 3 жыл бұрын

crypto are black market goods inflation-gamble and some money people going to pubs enjoy model-as it looks-CURRENCY IS BACKED BY GOVT LEGAL PRINTED ACCORDING TO NEED /GROWTH OF ECONOMY OF A NATION/DOMESTIC,CENTRALIZED -CRYPTO IS LIKE TOKENS USED IN CASINOS

@nofightIQ1 6 ай бұрын

XRP?

@boneman538 4 жыл бұрын

1 to 2k+ bolivars / coffee from 2018-2019 Lol. Fiat is gonna get vayyy verse 1:03 ^Wanna know Vhy?

@ericphantri96734 Жыл бұрын

Another important factor in business is international time of synchrony single time and forced time stamp so no extra interest earn by delay time posting of payment benefit third party hugely because money growth is in second not day or year

@parler8698 2 жыл бұрын

Gold

@misterrighteous1896 Жыл бұрын

I agree with her.

@andrewmcandrew7642 Жыл бұрын

Rapture soundtrack intensifies

@kasimirb5155 2 жыл бұрын

Libra is dead. So is the idea of a world currency. I am all for it, but it won't happen. Especially the powerful countries like USA, China or the EU won't give up their currencies. In China trading krypto currency is forbidden. Besides it's all too volatile. Where is the improvement to the actual situation? Who decides about the worth of the digital currency? About the amount? All depends on the willingness of 200 countries to work together and give up privileges. You see the flaw?