Topic: A global currency may be powered by the blockchain - page 2. (Read 746 times)

Bitcoin is the global and world wide currency and every one use it more than there fiat currency where block chain used to store it .it maybe possible that Blockchain would be the future of banks.

Don't you think the one world currency is already formed and existing? Don't you think bitcoin could be the one world currency we are hoping and expecting? the misery behind the bitcoin makes me think bitcoin might the one crypto currency the whole world would later adopt in the future. just my opinion.

In my opinion about in bitcoin it is already a global currency, due to in some other country it has been regulated
 as their secondary mode of payment. I know many of us here knows that Japan doing this things for almost a months after their declaration on bitcoin legalization. Not only that even in the Asian country also. then, whether bitcoin or crypto they are both powered by the blockchain because without it they are also both nothing or useless too.

Blockchain is increasing now days and people are taking to much interest to open an account there. Mostly people are now depended and believe on blockchain more than there banks.

I 'm not sure that there will exist a global currency in the world , but I think blockchain will play an important role in our life in the future. Nowadays , blockchain is enormously applied in finance ,however, to make every country have the same curerncy such as bitcoin is really a hard task. Because we need to make may effort to regulate both inside and outside to make it come true

You do have a point there, mate. However, I believe that at some point in the future, governments worldwide would come up to an agreement as they work together to solve the world's problems. When universal laws are devised, then everything would behave like a single country no matter the region or area you're located at. This would take some time, as the world is slowly shifting to the digital sector. When globalization takes effect, and technology advances to a certain degree, then expect for a "One World Currency" to become a reality in the future.

Right now, Blockchain technology is still in its infancy. At the same time, Internet access is not available to every region of the world. As such, I believe that some time is needed for a complete transition to everything digital. Then, all your personal, financial, and medical information would be stored in a global blockchain which proves their authenticity. The same way, food supplies would be tracked via the use of blockchain technology for complete transparency. And last by not least, a world currency would make use of this technology to give governments the control they need among their citizens. Here, they would be able to track every transaction made on the global ledger and restrict or censor access to someone's money in case they see anything suspicious.

The New World Order would effectively be achieved this way, as everything would be trackable via Blockchain technology. There will be no privacy, as surveillance would become massive by then, and AI takes controls of decisions without the need for human intervention. Therefore, Blockchain technology would be ideal for not just a "One World Currency" to take effect, but also for nearly everything we've been accustomed to in our lives such as our personal, financial, and medical information. Just my opinion

Why are you bringing this topic, are you member of the illuminati or what?  There are better topics to discuss to discuss than this and this sounds stupid to me. Nobody is talking about one world currency this time and even from the way things are going the world, you don’t need anyone to tell you that the world is not ready for that rubbish.

Even if it’s going to happen, it will take a lot of centuries and you will be gone by then. Having one world currency doesn’t make you rich and you will still remain poor, neither does Bitcoin make you rich.

Blockchain technology can be use for any business related data storage , so for a global currency it can be powered by this blockchain technology , this technology is good for data referrences because those data stored in this blockchain can not be altered once stored so this will be great for transparency in the business world and cryptocurrency.

One world currency can be hard to imagine because people are different and always wanted to be on top. Competition is definitely the hindrance that prevent with this kind of idea. Moreover, cryptocurrencies is growing more which is a sign of progress and hopefully this can be discussed by some politicians that support the technology.

I really believe that the world can't deal with a global currency all together. There are politics all around the world that changes everyday and the relations with each country changes in between them, one day two countries are allies and another day they are putting economic pressure on each other, unfortunately the "wars" of these days are not done by weapons but it is done via economic regulations, now it is great that people are not dying anymore because of the wars that is an improvement however there are a lot of poor people because the greedy wants more money for themselves and punish the poor for not doing what they ordered them to do.

This causes whole nations to crumble because of one bad move by politicians of that country. Global currency would mean countries that want to punish other countries would have to end up using the same currency and that wouldn't work that well. Look at what happened with euro, germany is doing great but greece is not doing so well (historically never did) and while germans are increasing the value of euro the greeks are dropping the value and that hurts the german public for no reason at all, why would anyone want to get that to whole globe when europes doesn't work properly.

in my opinion that could happen. currently the global currency has been used by various countries namely the United States dollar. if the dollar or other global currency wants to be supported by blockchain technology then the currency must be converted into digital currencies like crypto currencies in general. because blockchain technology is a technology that is not centralized on one server or the transaction does not involve third parties. so the transaction is controlled by the user of the currency.

This is something like Ripple as it is a centralized digital money based on blockchain technology. I don't think if cryptocurrency enthusiasts, traders and investors will be adopting such one world currency because all we want here is decentralization since we are talking about our privacy with our assets. I think one world currency is only good to be used for daily basis and not as an investment purposes.

That's certainly true, mate. However, I believe that as time goes by, the Internet would be accessible to any country in the world. This would probably become achieved by using satellites which distribute the internet to diverse areas worldwide. Once this is achieved, then all countries could get access to blockchain technology, enabling a cashless society in the future. At some point, they would come to an agreement, as they devise laws for the benefit of all.

When all the world's governments become united into a single global government, then you could expect a "One World Currency" to become a reality soon. One thing for sure, is that Blockchain technology has been overhyped. As such, it wouldn't be surprising if this "One World Currency" would be launched in a Blockchain (either Public/Permission-less or Private/Permissioned). Therefore, the tech provides many benefits that are too hard to ignore for world governments such as transparency, immutability, security, lower costs, faster speeds, and more. Just my thoughts

It could. And bitcoin is already doing it, as it exists without any borders or sovereign 'issuer'.

But I think what you're trying to explore here is something like a centrally issued, one world currency, like the Phoenix which is mentioned by the economist article many many years ago. In that case, yes, it could happen with blockchain as well, but it wouldn't really pose any benefits in my opinion.

If a crypto is not decentralised then there is really no point in using it instead of any other form of electronic banking with fiat. There could be benefits for the authority in terms of ease of management and control over the entire currency supply, as well as tracking, but these benefits are limited to them. I'd much rather use bitcoin and other decentralised cryptocurrencies which are already quite globally accepted.

There is no doubt that blockchain technology is taking every sector by storm and it is just about time before we started seeing it spread widely in usage and implementation. However, when it comes to having a global currency powered by blockchain which in this case we are talking about something created by the government, which obviously would be centralized, I really do not see how that would be plausible.

If we have to even consider a global currency powered by blockchain, I think bitcoin has already taken that spot as far as I am concerned, and every government worldwide, would practically just come up with the idea of integrating the blockchain technology into their system which would still be centralized and regulated as usual.

Blockchain is something unbelievable. Its features, benefits and advantages are hard to understand. When blockchain applies in the world there would be no need for banks and any other financial institutions. Blockchain will do everything and humans will feel ease in their lives. Blockchain will also have some disadvantaged but that could not be discussed yet.

There was and probably is one global currency and it's Gold, in history silver and gold were used worldwide and also all currencies are backed by gold as for now. There is no need of another currency which will be called global currency. Every current currency is exchangeable so they are global for me but on another hand  many countries' economics depends on usd and there are many countries which doesn't need their own currency because they are economically very weak and big importers, so usd has great chance here. On another hand can't think why we need blockchain technology here.

I think this is a topic for good thinking and real for execution. Perhaps after a large amount of time it will happen, but now it is too early to think about it. To do this, all States must unite, but so far it is also impossible to implement.

It is really difficult to unite ans provide a global currency since we do havw different government system. It impossible on many country such as the third ones because of low back up funds, aside there will be economy imbalance if a global currency would be implemented. Blockchain technology is a great system for financing however we will be needing a great, fast and wide network for the world.

Not only digital global currency but almost everything will be controlled by blockchain technology. That will be the new era of innovations. Blockchain technology is the latest controllable software for all our works, needs and information. One world currency will be soon applied throughout the world. Almost one forth has already accepted crypto as their regular currency.