> I have long been an advocate for a single internet currency, > independent of all governments. I don't see a single currency as a replacement for governmen

> I have long been an advocate for a single internet currency, > independent of all governments. I don't see a single currency as a replacement for government currencies for the simple reason that managing inflation/deflation (including introduction of new money as the population/economy changes), particularly as a way of managing debt and facilitating class mobility are decisions that vary between cultures. The lack of fiscal control was a common complaint some decades ago against the euro forming, and as another comment points out, the loss of monetary control has exacerbated some European countries' fiscal problems. Adopting an common internet currency intended to replace global currency will likely fail for this reason, and also because of governments' concerns for the tax/revenue implications.