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RE: The Noob (Late) Night Cryptocast - Is Libra Dead? Do We Care?

in #dtube5 years ago

Thanks Jon and Richard for a most interesting show.

Richard, all the best on your Thailand adventure.

I've been reading a few Dr Google PhD articles re International Monetary Fund and their view on crypto. Back in May, they suggested having a global digital currency as a replacement for the reserve currencies that are currently part of the special drawing rights mechanism for reserve currencies as not "a far-fetched hypothetical". They said this week that digital currency technology may lead to a new global payment system fairly recently.

Perhaps they'll use the Star Trek Federation currency Latinum, as that's familiar to so many people, and would lead to easy adoption. When governments can borrow from IMF with crypto, we'll see the technology leap from crypto dabblers to mainstream Joe and Janet Public users. If this new Latinum takes off, then crypto currencies will need to consolidate. Be like the European Union, in how countries became part of that confederation and in the process adopted the Euro.

Make it so. Roll on 2020!

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