Jim Rickards alarmist. Is there any truth to IMP replacing US Dollar as global currently with Distributed Ledgers or block chain?If so, I would imagine huge implications. Here is the pitch: https://pro.agorafinancial.com/p/awn_sdrblockchainv2_0418/MAWNU904/Full?a=10&o=36838&s=74950&u=1008055&l=670821&r=MC2&vid=lJTEu_&g=0&h=true
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wow, will be watching – when looking up https://bitcoinexchangeguide.com/blockchain-distributed-ledger-technology/ and seeing its benefits, guess the govt would not use bitcoin and try to create their own or the same as central-bank digital currency issuance?
How many governments can you name that have voluntarily given up control of their own currency? I’d say the risk of that is as close to zero as we can get — some blockchain implementation in the core global financial networks is more likely than a return to the gold standard, I expect, but not a lot more likely, and it wouldn’t be led by the US… it would be led by someone who’s sick of being forced to use the dollar. Just my opinion, of course, but this “replace the dollar” fearmongering has been going on for a decade and there remains no viable alternative.
Exactly. Lots of European countries gave their currency control up years ago when they were told how great the EU and the Euro would be for them.
Yep that turned out well …
Agreed! and the pitch returns Dec.17,2018.
“The Only Way to Own the New World Money…Rickards”
Could MILE and XDR (SDR-IMF) be the Distributed Ledger he’s pitching?
The announcement for this token is on Bitcoin Forum:
https://bitcointalk.org/index.php?topic=4924978.0
The MILE token for investing is trading for $1.57 at:
https://bitforex.com/
XDR would be the stable coin pegged to the SDR currency basket at the IMF.