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

[@robhingston]

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

[@peaceleader7315]

Agreed..

[@afsalmoosa7881]

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

[@manishabansalmathteachersb9529]

🤣

[@zeph6439]

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

[@calvinospina7307]

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

[@calvinospina7307]

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]

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

[@zeph6439]

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

[@sgtigerj]

@@calvinospina7307 victim of cloud ten pictures I see

[@jish55]

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.

[@AndreiSimon91]

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

[@mitrwebb]

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]

1600

[@mitrwebb]

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

[@mikeymike621]

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

[@Motoalpina]

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

[@pnc1358]

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]

​@@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

[@ericphantri96734]

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

[@goonie79]

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.

[@Hybzy]

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]

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.

[@boneman538]

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

[@calvinospina7307]

⚠️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]

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

[@ericphantri96734]

ID and GDP could be replacing money ?

[@bdwwe2462]

Superb video..keep it up❤️🥀

[@testingk410]

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

[@karuri6267]

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.

[@YouGotOptions2]

Are yoi serious??

[@ericphantri96734]

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

[@xelahooper2176]

#BuyBitcoin

[@roberttimmothy]

Buy xrp

[@globalview6969]

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

[@parler8698]

Gold

[@nofightIQ1]

XRP?

[@kasimirb5155]

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?

[@misterrighteous1896]

I agree with her.

[@andrewmcandrew7642]

Rapture soundtrack intensifies

[@antiwar8859]

One world currency 100% a fair way to go.

[@x50nathan]

You'd like all of your purchases to be tracked?

[@MAGACOPP]

Bitcoin.

[@bigbooger938]

Wrong lol it’s XRP

[@pnc1358]

Learn bitcoin, not crypto

[@trungkpa8152]

Hay quá🔔🔔👈👌👏👍👈👌💓🌷🌷🎤😁💚💚

[@TriPham-j3b]

We are not being fair to God who made all crops possible and one day when no crop to buy even with billion dollars and God can be by any name Buddha , Ala , God , Angel , still there are higher power make our life possible. Passport or driver licence associate with GDP percapita then no need to buy dollars just copy of government Identification then the bank subtract spending on GDP then fine

[@ericphantri96734]

Strong money would suck all technical and girls to slaves to powerful country or weak dollars is reverse

[@jankibisht2906]

Le john meynard Keynes Ha ha ha kids

[@RaviRavi-o9t5z]

Hello namaste kaise ho aap thank you so much best of luck good afternoon swasth rahana mast rahana bindas rahana Sahi rahana salamat Dena Apne Parivar ke sath mein Mahadev ka Sapna karna thank u so Mach dost best of luck good afternoon

[@randomVlog555]

It's coming soon "Libra".

[@mandystop1077]

Bitcoin Bitcoin Bitcoin

[@mikerobles2946]

😂