Topic: A global currency may be powered by the blockchain - page 3. (Read 764 times)

That might be possible that global currency can be powered by blockchain technology , this is because this technology is very good kind of technology especially for digital business and investments so it can really make the business runs smoothly using this blockchain technology.

More years to come climate is always changed their status  and because of continuously research for a better technology no doubt after several years Block chain technology is a leading operation throughout the world and Bitcoin is a primary Currency use I'm sure.

That sounds interesting and might create a way for cryptocurrency to be regulated. That "One world currency" that will be powered by blockchain will be considered as cryptocurrency right? If that happens, they will surely make proper regulation for cryptocurrency and bitcoin will become the first fiat cryptocurrency. That will not be impossible once that "One world currency" becomes a real deal for the government and the banks. The next thing to happen will be more exciting.

This will be great since transactions will be better but I don't think I would be able to accept this to be applied. It is great since we will know that the government are not always focusing on the main problems of the country but also making their ways to improve or develop other things but as I said, I don't think I would be able to accept it.

Fiat may not be favorable to other people at some point but if you will be thinking of it, you can transact fiat more secretly than cryptocurrencies. The Blockchain would be able to track your transactions and government would be able to snoop on your transactions and I don't like that. I'd rather use Fiat in that case rather than use cryptos even if it is a development.

Some people are just agents of foolishness why can’t you talk about things that are helpful than talk about things that will never happen till you die? Even if there is going to be such like you said, do you think that blockchain is going to be what they use? What makes Blockchain much better than fiat? Fiat is better cause it has a physical form and can also be used digitally like we do with cryptocurrencies. Apart from that, Bitcoin and the Blockchain are prone to cyber attacks. Uhhm… what do I know? Nothing.

Speaking of banks and governments creating a single currency to be used worldwide, I believe that Ripple/XRP fits the bill quite nicely. It's centralized, regulatory-compliant, and a few banks have established partnerships with it. If successful, then banks worldwide could come up to an agreement (along with the Ripple company and governments worldwide) to launch a single currency living on the XPR blockchain which will be used by every nation on the world. As far as I can tell, it's possible to launch a digital asset or token on the XRP blockchain nowadays (read the documentation), making it a possibility for banks and governments to achieve said purpose.

Since everything is heading into the digital world, I believe that a One World Currency operating on blockchain tech is bound to happen within a few years from now. After all, blockchain enables transparency, trust, reliability, lower costs and higher security, which serves well the likes of banks and governments worldwide. They have realized this and have started to explore the tech more deeply. As such, it wouldn't be surprising when we see the world's major fiat currencies being transitioned into the blockchain within the future. Some countries have already launched their digital currencies operating on blockchain tech (like Venezuela's Petro currency) which means that there's huge interest from governments into acquiring and using this tech for their own benefit.

Now, all it's needed is for the Internet to gain widespread usage in every region of the world, and the creation of a One World Currency might become a reality. Just my thoughts

Not going to happen, I know that is a very popular topic among many people that like conspiracy theories but countries are not going to give up the right to print their own currencies as easily as you think, just look at what it's happening in this market, bitcoin was created and then just a few years later we have thousands of coins, now anyone can create their own coin, so I really think that in the future we are not going to have a one world currency we are going to have tens of thousands of currencies.

even though I have doubts about this project, but I still hope this really happens. this is really fresh news. I just heard it. I wonder what the results will be. Can you share source link about this news?

Digitalization or the digital economy is the way of borderless delivery of services. Blockchain has provided the foundation for such technology. Blockchain needs to stabilize it policy and accepted by government and other agencies for the One world currency to be achieved.

That would only happen if there are no borders, countries and nation. If the world has only one government then it could happen but let's not kid ourselves we all know that no sane government or country would angry to be controlled by one nation that's why wars always break out. Even now many countries are fighting through economic war trying to be the best currency of the stock market.

The inconsistencies in your writeup is very obvious... I do not think Central Power and Transparency are compatible. Power in the Center normally weakens Transparency.
 This is not the way Blockchain works by the way. Government authorities controling a Blockchain will render it useless.

This is actually about seeing the banks and government creating one single currency to be used worldwide. Now, the question actually is that which bank will come up with this, and how are they going to be able to put up a framework or infrastructure to be able to let the whole world come to terms with the idea of using a single currency.

Apparently, this would just be a single centralized currency that would be controlled by maybe one world power by then, and in the case where the whole world is not under the same government, we have more independent countries these days that can as well just come up with their own currency on the blockchain, I see it hard to get something like this possible in the long run.

 it’s very close to talk about the bitcoin rate after halving in 2020 ... As you know, the cue ball cost $ 200 in 2015, and now $ 6,500. Indeed, 3 years have passed and it has grown only 33 times)))))))))) / and you build a theory here that there will be the same price in 2020)) when in 2020 you will buy pieces of 0.001 bts at the rate of $ 100,000 for 1 bts, then let's talk about your sayings and predictions ...

A "one world currency" is inevitable (there is a colossal project working on this)and given how the digitization of life itself is making centralized structures such as countries and banks less important, it will not be controlled or backed by them, but by the blockchain. They will eventually be unimportant. I think it would be a nightmare if the world's single currency, and subsequently our digital life, was controlled by corporations and governments. They would exploit everyone.

It is hardly to be happening, different races all around the globe and have different ways on how the things are. Like for somehow good practice in a certain country is bad at others. Now we know that we have been a lot of wars since from the beginning of time and I don't think the human race would unite unless there is a greater threat like an invasion from the outer space. Humans will take a hard time on understanding each other and a coin for all is impossible at the moment.

That for me is scary. Imagine people all over the world competing and moving with one financial market. One dump will affect billions of people and vice versa for a pump.

I mean things in regards money, the movement, will affect each of us heavily. (Correct me if I'm wrong)

the technology is proven alerady by other crypto. talking about block chain in hand of banks and government is not a good idea to start with.

A really big infrastructure and where will the center of it all actually come from, unless of course we will just end up seeing the governments all over the world coming with a decentralized currency which we all know it is something that would be very hard or impossible to even see.

Knowing that a lot of countries are independent, they have the right to choose what is best for them, and you cannot just impose a single currency on the global world even though it is on the blockchain, the chances of seeing something like this happen may be hard if at the end of it, it is centralized. Something like bitcoin would have been able to fill that gap since it is decentralized but we all know how governments and banks frowns at decentralization.

Since Bitcoins are now world wide everyone is using it and making profit with this crypto currency. There is no doubt it is number 1 crypto currency.

You are talking about a so-called "GovCoin" that are controlled by governments and not a open public Blockchain like Bitcoin. I personally think the world are just too divided to have one single global "Blockchain" power Crypto currency. Can you imagine North Korea agreeing to use only one currency and this being controlled by the USA?

This is why Bitcoin is so successful, because it is not controlled by any government or centralized authority.