I don't think many folks realize cryptocurrency is quickly moving the civilized world to another level as far as how close countries are linked related to their politics, economy, societal makeup, human rights, and much more.
First thing is the price of an item, to the consumer, will be in the same currency worldwide at the time or purchase so it is easier to negotiate price, improve delivery times, balance the worldwide supply and demands of consumers, etc... If you think the reason your order is not arriving on time is always due to component pricing and availability or shipping you might want to think again.
In today's world the Chinese, and many others, are notorious for quoting forward pricing for orders. If the delivery of a product is scheduled for June 30th, 90 days from now, and the price quoted is $1.00 per unit whatever is needed to build that product will be bought at the lowest price for maximum profit. If the component pricing is not what it was estimated to be on June 30 for 90 days later and if the product were to be assembled and shipped the resulting profit will be 5% less they give excuse after excuse until they recover that 5% profit.
Same thing with currency. The component value could be the same but the value of the Chinese Yuan drops versus the U.S. dollar...Unless negotiated up front someone is going to get screwed in the final exchange of payment.
Not with cryptocurrency...
With governments and big business throughout the world starting to use or moving towards using cryptocurrency as a standard for measuring wealth and executing transactions the end result, not in my lifetime, could be the death of the dollar, yen, peso, ruble, pound, etc... and certainly a more stable balance of world power.
Meaning a significant tragedy today such as a war, weather event, genocide, coup, Zombies, etc... occurring in a civilized country will impact the economy, currency, world standing, politics, people, etc... of the country or countries involved in the event. The conversion rate of the currency for each country is determined by the world market of other countries and what the country in question has in their treasury, resource potential, GDP, political stability, etc...
Imagine if WAWA Land was invaded by Zombies. Their government becomes a shambles along with their health care system, economy, etc... WAWA Land wants to buy billions of dollars of medical supplies, weapons to fight the zombies, food, etc... The cost of those is determined by what Disney Land, who made the those supplies, is willing to sell them for U.S. dollars.
In today's world Disney Land wants $1.00 per item. On January 1, 2025 the exchange rate for $1 U.S. dollar is $1 WAWA Land dollar. On June 30, 2025 Zombies invade WAWA Land and their economy goes south. The WAWA Land dollar is now worth 50 cents. That problem or renegotiation of the January 1, 2025 agreed upon contract is between Disney Land and WAWA Land. The ripple effect throughout the world from what Disney Land was willing to pay for the components needed to assemble each item has to change as well or the entire deal falls through.
If Disney Land and WAWA Land both used bitcoin as their currency, and method of payment, the value of the currency used in the transaction will be the same in Disney Land and WAWA Land at the time of the transaction given time regardless of situation or location.
The point is...Will having a worldwide common currency, such as bitcoin, force countries to work together more in order to maintain a stable currency platform with a stable or positive value...resulting in less confrontation each full well knowing what will happen if they don't play nice.
Probably....which means a few countries including the USA, China, Russia will have less control over the value of money which equates to less power each will have over the rest of the world.
That's my soapbox story of the day...
Play the Devil's advocate for me...I could be way off or maybe not.
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