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 We Can’t Count on Fiat Forever – Here’s How Crypto Can Help

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We Can’t Count on Fiat Forever – Here’s How Crypto Can Help Vide
PostSubject: We Can’t Count on Fiat Forever – Here’s How Crypto Can Help   We Can’t Count on Fiat Forever – Here’s How Crypto Can Help Icon_minitimeMon Apr 15, 2019 6:04 pm

As I write this, one dollar is worth .89 Euros, 110.8 Japanese Yen, and .77 British Pounds, but the exchange rates are likely to be different tomorrow, or even in the next five minutes. Such is the uncertainty we must accept when it comes to the value of fiat currencies.

The only means available to us for measuring the value of money is by comparison to other currencies, hence why the value of the Euro, Japanese Yen, and British Pound are compared to the US dollar as opposed to a Somali Shilling (at the time of this writing worth $.0017).

The bigger question is, why are we stuck in this comparison game and do not have a standardized monetary measurement unit when we have standardized units of measure for distance, volume, and temperature?

What is a Universal Financial Standard and Why Do We Need One?

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https://www.ccn.com/we-cant-count-on-fiat-forever-heres-how-crypto-can-help
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