Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Do you even need singular global currency in modern world? Where every transaction can be in essence instant if there was desire. And everything is digital. Overall it is rather different world and things can be done different than before.


The world doesn’t necessarily need it, but the US does need it to be the dollar due to the massive deficits it runs.


The US dollar provides a massive stabilizing effect on the global economy, which we don't need but it is nice.


The United States won’t let their reserve currency go without a fight


> Do you even need singular global currency in modern world? Where every transaction can be in essence instant if there was desire.

Pricing at international scale becomes a lot more complicated without a singular global reserve currency.


> Do you even need singular global currency in modern world?

The world doesn't need it, but unless Americans want to see their purchasing power destroyed, they do.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: