A GLOBAL Currency vs. a WORLD Currency
The currency of the global village. That has been our motto from the start. Followers and believers in our project know that we use the word “global” a lot; because that’s what we’re all about (well, take a look at our NAME). We want to create a currency that’s GLOBAL, to the benefit of the GLOBAL socio-economic environment we are all living in.
We got the term “Global Village” from the Canadian intellectual Marshall McLuhan, who first used it to describe a world that’s shrinking into the size of a village thanks to the use of technology and telecommunications. «He calls it a global village because it’s a simultaneous happening which weirdly foreshadows the development of Blockchain. Now we can have almost simultaneous transactions, or communications, it really has happened, and we can all join in if we want to», read more on our article Welcome to the Global Village.
So, a global village has global needs. Globalization is more evident each day, in every aspect of human life, that’s not a theory… it’s quite a reality you easily evaluate by looking around you. We recommend you take 2 minutes to read About that coffee you’re having and Economic Globalization. Those “global needs” include payments, transactions, purchasing, travelling, saving money… so yes, all adds up to a global currency.
Very often, when we talk about the GLX as a global currency in channels like Reddit or BTCtalk, we get replies like “a world currency would make everything centralized and worse” or “a unique currency would never work”. So it seems some people might confuse “global” with a proposition for a single world currency, which is not at all what we’re talking about.
Actually, quite the opposite, if I may add. GLOBCOIN is based on the concept of diversification and we are against the trend to diminish everything to ONE currency. You should read Why the notion of a single currency reference is inadequate, quoting a research study by Globcoin CEO himself! Our cryptocurrency GLX will be linked to a currency basket of the 15 most important currencies in the world + 5% gold.
When we say “global currency” we are talking about a currency that can be used for transactions across the globe without borders (please read: Why do we need a global currency). That means your savings have the same value and purchasing power in your home country, in Switzerland, in China… no more crazy exchange rates, no more crazy hidden fees, no more making sacrifices in our life plans to adjust to single currencies fluctuations.
Close your eyes. Imagine that. Now tell me, doesn’t it feel nice?
We’re making it happen, and you can help us getting there faster: www.globcoin.io
*Written by: Eva — GLOBCOIN Community Manager
