submitted 1 year ago by Tachanka@hexbear.net to c/chapotraphouse@hexbear.net

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[-] star_wraith@hexbear.net 16 points 1 year ago* (last edited 1 year ago)

Similar to what duderium posted, check out the idea of bancor that Keynes proposed. That could have easily become the world’s reserve currency instead of the dollar, but the US actively took steps to make sure that didn’t happen.

You don’t need a single currency to replace dollar supremacy.

[-] DavidGarcia@feddit.nl 4 points 1 year ago

Gotta be honest I don't really understand it, but it sounds like Special drawing rights (SDRs/XDR).

Personally I wouldn't be opposed to some sort of decentralized stable currency (meaning no single state holds power over it) that has checks and balances between the different issuers of it, to disincentivize abuse of the currency, like the US loves to do. I don't think having a single issuer like the IMF or UN or something is a good idea, because it could just be captured. It would be nice if it was a sort of self regulating system.

Side note: Got a little confused when this showed up when I clicked through the pictures on the Bancor wiki page lol