Why Don't We Have a Universal Currency?

[@HarrisonGray]

Funny how easily this ties into Minecraft trading haha

[@poankiyu7664]

HAHA

[@rohaisme]

I feel that the piglen bartering should have bean more like real bartering

[@ToBeDefined85]

Your English is pretty good. You almost sound like a native speaker

[@mkra7769]

But he is

[@emilandreasson9670]

Yeah, he talks pretty good for being a cat.

[@RealFemale69]

@SpangeBab don't announce you have reddit

[@angelahowson3451]

Britain

[@ItsDannyio]

M Kra r/wooosh idiot

[@pqbdwmnu]

[me and the bois counting the 5,000,000 marks so we can get a candy bar in the Weimar republic]

[@christopher9692]

You made my day

[@appa609]

*mark depreciates faster than you can count*

[@elynnzhao7422]

yall need some Marx instead

[@cillianmcneela4645]

Unanswered questions: what is the role of the Bank of England? Why do you have so many Hong Kong Dollars?

[@HeadCannon19]

It’s an interesting point you brought up how back in the day, bank notes were used as a representation of real gold in a bank, which eventually became the normal form of currency at a national level, and now credit card/debit card transactions are used as a representation of real money, so that could eventually become the standard form of currency rather than coins and bills, with US or China debit cards or even EU debit cards in the far enough future

[@harrietriddle2197]

"Pretty much everything is different between these four major currencies"… except the Omron Dots, I presume?

[@TheFroggyFellow]

In the future we will all be forced to use Minecoins as the universal currency.

[@lightningmcseed7303]

You misspelled Emeralds, pal

[@TheRenegade...]

@@lightningmcseed7303 You ever been on the bedrock store?

[@lightningmcseed7303]

Yes. But my point still stands

[@TheRenegade...]

@@lightningmcseed7303 Emeralds are practically worthless as an actual currency anyway.

[@olivernt2667]

@@fastpasta you buy them

[@mr.goldenpigman4549]

Why are you accumulating euros from your girlfriend Toycat?

[@fjellyo3261]

That's what the British do, take care of German money ;)

[@ender3960]

I want a gf. If she payed me it would be a bonus!

[@randomdude7386]

@Maledictio Onis Dude his girlfriend is from germany so he has euros imported from germany aka german euros

[@smpark12]

Disney dollars or monopoly dollars will probably become universal

[@LordMelbury1953]

Sean Parkes in Canada Canadian tire money will be the post apocalyptic currency.

[@appa609]

Though in terms of local use... USD aren't even accepted in Canada

[@fgve4210]

I never knew KhAnubis was your editor

[@hexon6956]

Ah I see, a man of culture

[@buffalome1543]

KhAnubis and ibxtoycat/ibx2cat come together.

[@RadenWA]

The problem with universal currency is that the global inequality is so big that some countries will trade in 1 and 2’s in while others will trade thousands for the same needs.

[@savvageorge]

We used to have an unprintable universal currency in the old days. It was called gold and every country used it.

[@Duncan23]

Not true

[@mashedtomato2079]

@LazyTitan it's true

[@Jotari]

Yeah, it's pretty much true.

[@joseph.wolf.]

@LazyTitan If you're talking about the Gaddafi I think you're talking about then that's not true.

[@savvageorge]

​@LazyTitan I agree. Gaddaffi was a bad man but he was smart. I think his plan for a gold currency could have caused a lot of problems for the dollar.

[@tmfan3888]

Thank you for featuring HK & HKD soo much!!!

[@Filip-uw9jp]

Hopefully never, even the euro is struggling and needs to be rescued. Imagine what a mess it would be if 200 countries had one currency.

[@potatochip4566]

The problem is that have your currency affiliatedwith Greece or other poorer countries is not great for even a good economy

[@joshdok1995]

Damn this video has so little views. Saw this channel about a month ago now and have really gotten into it. Im not the biggest Minecraft fan but these videos are great.

[@viper8177]

It's coming and it won't be a good thing. It makes sense to have more currencies in the world not less and especially not a single currency.

[@jh5401]

How about the opposite of scarcity, like getting the value from how much waste it produces?

[@ZipperDeDoDaa]

Basically bitcoin

[@dmeads5663]

Can you do a video about Trumps interest in buying Greenland? And if it did happen?

[@HeviErkka]

€ is a mixed bag for Finland. Foreign investors might choose a similar company in Sweden because of cheaper currency (Swedish Crown). Finland recovered from 2008 financial crisis 2018. That year Finland reached 2008 level. Losing your control over currency in a crisis isn't very nice is it?

[@rateeightx]

Why Would We Want One? Where's The Fun In That?

[@SteinGauslaaStrindhaug]

That idea that everything started with barter economy is mostly considered a myth. Most likely we started with small family groups where everyone contributed what they could and received what they needed (basically communism actually) which is like most nuclear families still does. And once the groups was larger than a small family we probably started with informal credit; e.g. I help you today, you help me some time later; and then more formal credit where someone recorded how much you owe or someone owes you, and then pretty soon some form of money once the economy becomes so large it's hard to keep track of everyones credit. Bartering is so horribly inefficient that it's only really used between groups of people that doesn't really trust eachother and dont have a currency in common, and even then you'd pretty soon invent some sort of money by bartering for some commodity that is fairly easy to move and split up and doesn't spoil.

[@edwardjing5539]

I’d argue that Euro screwed up countries like Greece, it eliminated their native industry and limited their options in the face of economic crisis. It will be a problem of larger scale if a universal currency is adopted.

[@marcodiepold2065]

and kind of neocolonialism from northern Europe, especially Germany

[@ender3960]

I love the Minecraft imagery!

[@wadawads]

Interesting channel, worthy of a lot more views for sure!

[@TAILSORANGEs]

I wonder when we are going to have a universal currency (BITCOIN perhaps?)

[@nadiequintero9981]

"I'm charging my German girlfriend euros" well, well. Profiting from a relationship before and after it ended. Nice, Toycat.

[@lovelyhippo7826]

Stop flexing your $100

[@wifeofjihyo]

lovely Hippo78 ikr 😂

[@christopher9692]

Lol

[@HeviErkka]

I live in a € country and haven't seen 50€ bill in years. Very few people use cash and if they do they have smaller bills.

[@randomdude7386]

@@HeviErkka dude where do you live I'm asking because I'm from germany and we love the 50/100 € bills and maybe I'm like living in a big-euro bubble but even family on the other side of the freaking country uses 50's so its seeming to be a country based thing that you pay with a 20 € bill at MC Donalds and I with a 50 € bill for the same price

[@HeviErkka]

@@randomdude7386 Finland. Debit card all the way.

[@smpark12]

I forgot... Republic credits are no good out here

[@RealFemale69]

GET BACK IN LINE SOLDIER, the clankers are taking kashyyyk

[@kacperskwarlinski2267]

Credits WILL do fine.

[@elsquidwardo]

If we had a universal currency then the UK would have to opt out for the one true currency, the pound.

[@blizzard4025]

5:42 when i build my castle on an island the minecraft trader be like

[@OldMrSarvy]

Man...wheat,or other food or practical stuff were first universal curency before gold

[@conorrdoyle]

Can you make a video on big projects in Europe again (an updated version) Ireland is constructing the worlds most expensive hospital

[@tearlach47]

Talk of universal currency is like talk of a universal language. _Eventually... probably... it's already kinda happening in some kinda way..._

[@paulhartson1]

Greenback is old but because paper used to have lead based ink and bills dated 1934 and 1950 are bright green because of the lead. After the lead was removed because its a hazardous thing the green ink is faded green. Good video!

[@The_Food_Police]

The worst thing is that the amount of bank notes the US has put in circulation, exceeds the amount of gold they have.

[@dillonprosser9340]

Elizabeth Holmes USA currency isn’t backed by gold anymore

[@The_Food_Police]

@@dillonprosser9340 yes

[@dillonprosser9340]

Elizabeth Holmes yes?

[@The_Food_Police]

@@dillonprosser9340 you're right

[@paulhartson1]

nope! the opposite is true, see Panic of 1873 Germany goes on the gold standard following its war 1870-1871 against France that paid reparations in gold to make that possible. Also silver was banned or demonetized as currency. Point is that a gold standard is deflationary since gold available is a relatively fixed amount and all other forms of payment become worthless since only gold will be accepted by merchants. Also those gold reparations to Germany were not forgotten and France demanded all of it and more paid back to them in 1919 when peace was sorta made after WWI

[@wirecardauditingintern2020]

Please mug me here you can see the daily mug rates will be very interested in your investment choices XD

[@paulhartson1]

A single currency is a problem because a country cannot then print as money as it wants. Euro is the reason why Greece and Spain are having austerity problems. EU controls the currency and doesn't have the experience of being the lender of last resort. It learned that in 2008 and after. The US has had problems with currency and panics since 1792 and even now doesn't do a good job of preventing downturns because super rich billionaires and wall st control the currency to prevent inflation which erases their wealth. So the rest of us in the world get austerity because rich people everywhere think they lose if everyone else get money. That is untrue because of the multiplier effect which, makes everyone richer when money circulates instead of being hoarded by rich people. See videos by Professor Mark Blyth for more explanations. What I wrote makes sense to me since I studied Micro and Macro Economics so all of this maybe confusing to anyone else.

[@paulhartson1]

Crypto currency will never work except for people trying to evade taxes by laundering their money. Crypto is not backed by any lender of last resort so we saw Bitcoin fall to the value of 0.002 cents. It could happen again

[@PsilentMusicUK]

QE by the Fed Reserve, Bank of England, etc basically saved the Euro/EU in 2008. I'd definitely have been a Brexiteer of the "any means necessary" variety had the UK being a member of the Eurozone.

[@paulhartson1]

@@PsilentMusicUK music! cool! lol also read the US Fed bailout was 21 trillion! prob more than that and it's why the rest of us can't have nice things! Prof Mark Blyth said the US bailed out the Euro in 2008 cuz the Euro bank didn't understand they were supposed to do that.

[@PsilentMusicUK]

@@paulhartson1 That's why the Euro is almost destined to fail at some point. Add a single transnational currency with no central bank to an economic system that's prone to boom and bust cycles and you're asking for trouble.

[@davidroddini1512]

I fully believe that bitcoin or one of the other crypto currencies will become a global currency. As societies go cashless and trade is done more electronically, conversion between a local currency represented electronically and an actual cryptocurrency becomes more seamless.

[@ZaKRo-bx7lp]

It all depends on Governments. If they start blocking Bitcoin transactions to favour the currencies of private companies, then Crypto will die very quickly.

[@Tokcsat]

@@ZaKRo-bx7lp Bitcoin transactions can't be blocked.

[@beau7925]

I disagree.

[@Shaun-EZX]

Let's just use adult teeth as a currency!

[@hexon6956]

Shaun cursed

[@michaeleddy2415]

I have small change of Euros

[@micaldomlancer1494]

It seems that Australia is a bit weird then with us only accepting the Australian Dollar as currency. I think this is because most Australians have never been overseas and as such should have no idea what an official coin/note of other countries look like and as such have no way of confirming within their own minds that they aren't being swindled.

[@nutlover3609]

Isn’t the USD a global currency?

[@niku4154]

Kinda correct, kinda not. To Europeans for example, locally purchasing in USD doesn't make any sense. USD outside the US works kinda like gold, it holds value, it could be used, but it's a headache to actually get that value back. It's kinda like "What are we supposed to do with this USD? We need to change it back to the Euro to get the value it holds." So, while the USD isn't worthless, it's close to useless because the USD isn't generally accepted here. The biggest factor is that the interchange from the USD back to the here usable Euro is tro stressful. But, as showcased by the United Kingdom, these things could theoretically work. If you as a European go the UK, you could pay in Euros, but the locals need to change it back to Pounds for the majority of purchases. Yet, I personally think you "could" theoretically survive in the UK using only the Euro, still the Euro won't be accepted everywhere in the UK.

[@RealFemale69]

No, not sure why you would think that, if you mean because it's well used still no because then the GBP would have been considered the global currency for a while as it was the greatest currency

[@desanipt]

No. Here in Europe at least, it's worthless basically in all situations unless you change it to Euros, no one would accept dollars.

[@uziTGC]

We do have a universal currency. It's called Bitcoin.

[@hexon6956]

Hayekian no

[@uziTGC]

@@hexon6956 yes my child.

[@jollybucket669]

i feel like universal currencies is a great way to have one big ecconomic collapts in 70 years that ends modern society

[@fernandomoctezuma766]

MY IDEA IS, JUST EVERY STORE HAVE A SET RATE NUMBER ON ITEM'S AND ALL PEOPLE HAVE A NUMBER FOR THE DAY. LET'S SEE IT IN A STORY, SAM LIVE'S IN CHICAGO,IL AND WOULD LIKE TO GO TO TOKYO, JAPAN. SO SAM CALL'S HIS BANK AND PLAN'S TO GO. SAM SPEND'S 300 UNI NUMBER'S ON HIS TRIP. SAM SAID THAT HIS TRIP TO TOKYO WAS SO MUCH FUN THAT EVERY STORE HAD JUST A UNI NUMBER ON EVERY ITEM AND NO STRESS OR GUESS WORK WAS INVOLVED, SAM PLAN'S TO GO TO MEXICO HIS NEXT TRIP.

[@MrTohawk]

I saw this in your earnings video and was interested.

[@DARTHVADER-tg4ww]

Tysm I’m doing a debate about this topic

[@Nedlop1]

They will start using time as currency I’ve seen the future

[@Pining_for_the_fjords]

You mean like in that stupid film with Justin Timberlake?

[@colemandavid8136]

7:00 North Korea uses US dollar ??????????

[@dankmemester245]

you're pretty much explaining that every currency is a universal currency as long as the other person knows the exchange rates

[@paulhartson1]

Cool money collection. Just buy more beer! no robbery! Paradox of money is that it has no value until you spend it to buy something but then you don't have the money anymore!

[@paulhartson1]

buy scotch! lol

[@faith223]

in my opinion libra is fake Cryptocurrency tho

[@sohopedeco]

Funny that "libra" is what we call the pound in Portuguese.

[@btfrost]

Early reliance on the barter system is actually a myth. Back then, when communities were small, people made more abstract transferable IOU/social credit type deals. It wasn’t a thing for a thing ‘right now’.

[@ibx2cat]

if you buy your friend a drink and he pays you back tomorrow, you still used money for that transaction though

[@sohopedeco]

Toycat has a German sugarmommy. Hahaha

[@wadawads]

We used to have travellers cheques

[@LordMelbury1953]

I grow my pot for your wheat. Let’s barter. In the future we won’t need to barter ad we’ll have replicators to give us all we want. 24th century that is.

[@dajjukunrama5695]

We do it’s called ideas

[@yodorob]

The US dollar is to currencies what English (and esp. American English) is to languages!

[@paithoonnamsena346]

Then there's Thailand uses their own currency...

[@elfelon9465]

as an argentinian i should start saving in rai stones

[@EllaGP22]

0:31 because that’s 100 dollars and 20 pounds. Exchange rates aren’t that crazy.

[@travia6688]

Speed _ I think he meant the patterns, sizing of words and pictures on it

[@ricois3]

Gold...

[@scepter0143]

I don't think this future currency will be printed, ideally it would be blockchain based, where the money is worth something because all the users say it is. The price of crypto will have to be more stable before that happens though.

[@Planetyyyy]

I wish there was a universal language. If there was one that everybody agreed with I’d learn it in a heartbeat, even if it was Asian or African based

[@rateeightx]

Hmm, Was A British Pound Originally The Value Of One Pound Of Gold?

[@jardon8636]

was the french cent* franc,four cms of gold or the swiss franc, originally a piece of gold... the cashless society is already in sweden, the crypto currencies are already a reality, maybe the polymer banknote, will be eclipsed by ,answers on a postcard*

[@rateeightx]

@@jardon8636 Yeah I Can Hardly Understand Any Of That.

[@nobbynobbynoob]

One troy pound of sterling silver actually. (Think about the name "pound sterling".)

[@poankiyu7664]

Dead bushes should be the universal currency.

[@EvanAviator]

Why is he aspect ratio so crap?

[@Pikachu0071000CS]

Ay Hong Kong Dollar :D

[@SilvanaDil]

Is this German girlfriend the former one back in the picture, or a new German one?

[@ibx2cat]

life is complex sometimes, so sort of neither. haha

[@SilvanaDil]

@@ibx2cat - Ah, so it's a menage a trois. Naughty cat!

[@durjam3734]

Who else thought this video was from the 1st channel at first

[@ssssaa2]

As long as nation-states still exist (which won't be forever assuming continuing exponential growth in technology goes on long enough) it won't happen. Any attempt will likely end poorly as long as the countries using it remain governed seperately. USD is closest thing to a universal currency because of it's use in global trade, it's convenient because it's such a large volume currency it's easy to get but it's also annoying for many countries, I don't see any other currency replacing it though. I doubt this will change in our lifetime, nation states will absolutely not stand for crypto replacing their currency so don't expect that to happen at least not entirely.

[@AlbertoLopez-mn8ms]

Please don't mug Toycat

[@MobileGamingKing]

céntrelos

[@privateryan2125]

do you speak any other languages toycat

[@dhawthorne1634]

US dollar as a unit has the nicknames: Greenbacks, bucks, bones and tamales. The $100 bill is called a Benjamin, Benji, C-note, a century or a yard. The $50 bill is a Grant or half yard or (in gambling) a Frog. The $20 is called a Jackson, dub or double sawbuck The $10 is a sawbuck, a 10-spot, tenner, or Hamilton The $5 is a 5-spot or fiver (Despite picturing Lincoln, the president isn't used to refer to this bill because he is also on the 1 cent coin). The $2 is known as a Deuce, Tom or Double ace. The $1 bill is known as a single, buck, Washington or ace. Collectively, bills are called Dead Presidents (although Hamilton and Franklin weren't presidents), dough, scratch, cash, moolah, paper, cheddar, cheese or bread. $1,000 is known as a large, grand, kilo, G's, K, stack or (in all $100 bills) a band. $100,000 is known as a brick. A million dollars is a MM, a rock or a Mill.

[@marcus8032]

Hi toycat I love the vids and why do you talk so fast? And keep up the great work

[@itsbea3859]

Why do you listen so slow?

[@bongo50_]

I don’t find it fast. It is just normal

[@mansidasgupta7104]

Because. Of. World. Trade. Assianment. One. Globel. Currency. Is. Sure. For. Easier. Like. London. East. India. Company. In. India. It. Starts. From. Easter. Part. By. World. Which. Covers. One. Globel. Currency.

[@jardon8636]

the amount of federations and currency unions or common economic associations is increasing,,, the EU, caricom,mecosur,asean etc are only the very start... as for a one world currency or global currency union, may still only be in fiction**... or maybe for the future..., that is except on the internet ... the UK £ pound sterling* is a currency union of (self issuing banknotes, everywhere from scotland to st helena,falklands to gibraltar,isle of man to ulster bank, jersey to england*) the english version, of the £ Sterling** as printed by the BANK OF ENGLAND* is the only one, widely accepted worldwide, scottish & northern irish banknotes(let alone other UK £ Issues,notes are not widely known, or accepted in england or wales....in shops etc...but are legal tender* its the age old, the west rules for now.... being that china,india,russia,turkey have their own currencies...and may not be dependent on euros or US dollars,... for ever....based on politics... the shanghai organization is economic and political alliance... Brazil-south africa-mexico have their own currencies.too and are seen as global poltiical players ..australia & canada-NZ also have their own dollars, often confused with the US $ dollar..... intresting fact: the US dollar is accepted in CUBA, north korea,iran,venezula :but the euro and other,major currencies would give you a better rate,for political reasons.... lol so unless, you have a globalist agenda, in a era of populism.... a global currency is something only seen in ficition......

[@Jasbenben]

We have bitcoin

[@Covargo]

Bitcoin is pretty universal

[@Snar-fq8ve]

Robux is a universal currency

[@crazymusicchick]

Australia needs to change its currency name to dollary doos ;)

[@robologo]

Who else came here from 'How Much Did I Earn In 2019?' :D

[@Djerszium]

Me

[@kyleperlman]

Because the Russian Rubble is the glorious money of the Motherland and the rest of the world is jealous of its awesomeness so they all have their own lesser currencies.

[@fgve4210]

No glabalo

[@stevencunningham6023]

Dummy's, you can fram your own pot

[@appa609]

poker chips

[@xx_skullgamer_xx2754]

Funny, you kinda look and sound like Ibxtoycat

[@maherhamadouch2005]

Are you mad, that will never happen, some countries like to be sovereign

[@christopher9692]

Wow,why are there only 165 comments

[@bingusmaster516]

Hit toycat

[@TheGoldenTankTGTgoldisawesome]

I don't think cryptocurrencies are really a good idea unless there's perfect security. The reason physical currencies have persisted so long is that it's something that you can keep with you physically. My point is that a global currency doesn't work unless everyone trusts everyone, and that's not happening, sadly.

[@alicemoffat]

Very nice, although I will always think of the Canadian dollar as the best currency.

[@eewag1]

Hi

[@appa609]

The US dollar is the international currency for everything that matters.

[@AndrzejLondyn]

Dollar is empty currency in comparison to Chinese Yuan.

[@chatterminator7158]

No

[@patchy64]

Brexit

[@pyeltd.5457]

SSSTTTTOOOPPPP. BBBRRREEEXXXXIIIIITTTTT

[@thebrickmaster3796]

Aren't you a Minecraft youtuber?

[@emilandreasson9670]

Yes, this is his second channel.

[@BleuSquid]

Flaunting your wealth at the beginning of the video? Not many people have US $100 bills. Even $50's are fairly uncommon.

[@ibx2cat]

People outside the US are much more likely to have higher notation, because they exchange currency rather than earn/use it naturally

[@paulhartson1]

@@ibx2cat I have learned that Chinese and Russians would rather hold US $100 notes than their own currency, and the despised US $1 coin is popular in many countries. I know shopping in Tijuana Mexico, locals prefer dollars to Pesos. Libya, I heard was bombed by USA because Qaddafi was trying to create a gold backed African currency to displace the US dollar while ordinary Americans were told he was a monster, not entirely true