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Bitcoin Q&A: A Voluntary Alternative to Mandatory Currencies

2,370 views · Published 8 November 2016 · 4:01 · Indexed 21 September 2026

Channel: aantonop · 2016 · Science & Technology

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Keywords/phrases: Will Bitcoin become a state-backed global currency? As a reference of value for national fiat currencies. A mandatory one-world currency is statist monolith that can only be supported by war, coercion, and violence. It means one-world authority, one-world governance system. Bitcoin is a global currency, it is the de facto currency of the internet, but it doesn't represent a zero-sum game; it's a choice you have in addition to all the other alternatives that may be prohibited, that doesn't need to force anyone to use it. It is an antiquated notion that a currency needs to be imposed on a border basis or an aggregation of states. As if the euro wasn't already bad enough, it would be a complete fascist dystopia if the EU replaced the euro with "a digital currency like bitcoin," because it is meaningless for a country to choose to use Bitcoin and they would not implement it unless it was a centralised nightmare of surveillance.
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Chapters
0:00 Would Bitcoin ever get to that point of replacing the dollar, and have bitcoin as the global currency that everybody is referring to as a unit of account?
1:15 "One world currency" means one world authority, governance system, and culture
1:59 Bitcoin represents the choice to use alternatives
2:54 No country will "choose" to use bitcoin, because they don't have to

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