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Comments

• gegil@sopuli.xyz ⁨3⁩ ⁨days⁩ ago

  You just answered your own question. Currencies are regulated by their government and banks. If you want to have an international region-free currency, then no single government or bank should be able to regulate it, which is exactly what decentralised cryptocurrency is designed for.

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• yakko@feddit.uk ⁨3⁩ ⁨days⁩ ago

  Sticks of RAM for large purchases, silver and gold coins for everything else, graphing calculators as an arbitrage mechanism, and giant stone toroids for dowries. Sorted

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• GatesMcBalmer@lemmy.world ⁨3⁩ ⁨days⁩ ago

  Currencies are issued by governments and there is no “region free” government.

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  • ImgurRefugee114@reddthat.com ⁨3⁩ ⁨days⁩ ago

    I hereby declare myself a government without land. I will mint a global digital currency at my arbitrary discretion and tax any exchange that uses it at a flat 1%. Who wants in?

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• Zwuzelmaus@feddit.org ⁨3⁩ ⁨days⁩ ago

  Money is just paper (or old blue jeans, if Usa) with funny things printed on it.

  It is nothing unless some people believe in it’s value. And first it needs someone who guarantees for the value.

  Governments do that, by tradition. Usually they also make a rule that XY shall be the only official currency in a country.

  Cryptos make an exception: it is private entities who tell people to believe in their value. And so their value is usually less stable.

  If you, private xyz, invent your new “region-free” currency, you are going to have a hard time with making anyone believe in it’s value.

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• ShellMonkey@piefed.socdojo.com ⁨3⁩ ⁨days⁩ ago

  The USD, or any other currency, is given value by the backing of the government issuing it. Any currency has a value relative to another based on the volume printed and the economics of the home country.

  To have some sort of universal currency, even if someone could get everyone to agree in a name and form, you would have to sort up regional differences in wages and costs, who has authority to make it, counterfeiting enforcement, a whole host of things competing nations are not likely to agree on.

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• Alcoholicorn@mander.xyz ⁨3⁩ ⁨days⁩ ago

  You can use USD in Cambodia just as easily as Cambodian riel. ATMs even ask you if you want USD or riel, and often you’ll receive change in the opposite currency if that’s what’s convenient.

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• wreckedcarzz@lemmy.world ⁨3⁩ ⁨days⁩ ago

  Cocaine and guns: um, hello?

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