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Asbestos Muffins
Economics Explained
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Comments by "Asbestos Muffins" (@AsbestosMuffins) on "Could The Whole World Use Just One Currency?" video.
Gold can always be mined, recycled, and rarely just lost; Bitcoin though cannot be recovered once coins are lost, and the total number of coins is going to be capped until such time the major holders decide to devalue the coin by lifting the cap, which I'm sure they'll get around to... long term inflation of bitcoin is going to be a huge problem
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dealing with the logistics of supplying enough money and keeping circulation up would alone be too huge of a problem for any one nation to deal with, and too many competing ideologies and policies to make any supernational bank work either. The Euro sort of works because the european countries are more or less aligned in a lot of areas, but the european debt crisis showed that doesn't always happen either. Try throwing a country in Africa onto the Euro, they'd have totally different goals.
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