I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
That will never happen. But if Bitcoin becomes a common currency in the world then we will be very happy about it. Countries will not have their own currency and everything will be balanced
Topic: Can it be possible for the whole wide world use a single currency? - page 12. (Read 1239 times)
May 05, 2018, 10:57:23 AM
May 05, 2018, 10:45:06 AM
No I don’t think that is possible. Every countries are not the same, our economies are not even the same, some countries are way more better than the others and even has a better economy than others, so that makes everyone to be on a different level and you don’t expect people who are on a different levels with their currency being better than others to start making use of the same currency which is –Bitcoin. It’s never going to be possible. I don’t really know how to explain this, but the truth is that it won’t be possible.
It still has possibility that the world can use single currency because that depends on the agreement of the countries if they want to have a single currency or not. If they will have one answer and if that is yes then they will make move for sure that will start the process for the world to use only one currency. May 05, 2018, 10:05:17 AM
In this era where technology is rampant, it can be possible because now, bitcoin is growing and it's been accepted globally. If the all the countries will allow bitcoin then that would be the time that we'll only be using the same currency and it's great.
May 05, 2018, 09:09:43 AM
it is very possible and possible if world currency can be based on euro, dollars, pound sterling. it is very possible that one currency can lead the rest which i think can be cryptocurrency. it is possible one globe one currency.
May 05, 2018, 08:39:10 AM
If there is only one country in the world, there may be a unified currency!
The BTC may become a common currency in the future!
And the use of a currency all over the world is bad for the economy!
The BTC may become a common currency in the future!
And the use of a currency all over the world is bad for the economy!
May 05, 2018, 08:04:39 AM
No I don’t think that is possible. Every countries are not the same, our economies are not even the same, some countries are way more better than the others and even has a better economy than others, so that makes everyone to be on a different level and you don’t expect people who are on a different levels with their currency being better than others to start making use of the same currency which is –Bitcoin. It’s never going to be possible. I don’t really know how to explain this, but the truth is that it won’t be possible.
May 05, 2018, 03:35:38 AM
I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
We can say that the world will have a universal digital currency in the near future, but not all people will have the access to it. As long as there are still third world country and those people who dont have knowledge in technology it will noy happen.
May 04, 2018, 11:00:06 PM
Are you pertaining to just crypto currency or a single physical currency? At any rate, it wouldn't matter. The answer here would be a "NO" for me. Having just one single currency to use world wide would mean that there's only one government to rule all. A single bank to monitor and circulate the currency. Just these two alone would start an economic meltdown and would, most likely, be chaotic. Different regions/countries around the world have different currencies that help stabilize their economy. Moreover, having their own currency makes it accessible for the locals as well. Let's say, crypto for example, even now not too many people have access to it so imagine what would happen to them if cryptos would be used as a world wide currency? They'd probably start robbing people of their possessions. Still, how'd they sell those since they don't have access to cryptos? I think the world's ok in terms of its current state of having different currencies.
May 04, 2018, 10:52:17 PM
I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
I guess its impossible that bitcoin will be the only currency that will be use globally. If that will happen successfully then fiat money will also vanished. For me fiat played more important and it is easy to use when you have cash on hand and you are in places that you cant do any transactions with bitcoin. 
May 04, 2018, 10:03:58 PM
I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
it is possible if government will allow it to happen since most of the people in the community really love to have faster transactions and easier way of purchasing goods online or offline and cryptocurrency is one of the best way to do that, so i think that in the future, everyone will agree in this kind of idea.
May 04, 2018, 08:38:56 PM
I think that Bitcoin can be use as a matter of fact to be globally accepted.
Bitcoin already accepted there only 1 country that ban bitcoin it's china the rest is making there way in. What is your take and which currency can you suggest to be accepted globally?
You want bitcoin accept globally but instead you want other alt coins to replace it. Why is that? Are you drunk? May 04, 2018, 08:27:06 PM
Its hard to happen and almost impossible. We know every country have their own regulation and policy about currency and obvioustly central banks wont lose their control on money supply. I do believe that bitcoin is like store of value or an assets
May 04, 2018, 08:02:23 PM
This is the target of bitcoin, to be the world's currency. Unfortunately, many countries are very explicit in saying they don't want that to happen. And in line with this, there has been countries like China who made a strong cause to ban bitcoin in their country. Still, because of greed and the fear of not being in control is still, for me, the only reason why they will not approve of bitcoin.
May 04, 2018, 07:41:34 PM
I'm sure bitcoin must be able to dominate the world. all countries will use bitcoin as a legitimate transaction tool. but despite that. the world still will not be separated from paper money. because paper money can be made as a symbol or a sign of the country.
One of Bitcoin's main principles is that there are no borders it has to respect or abide by. It's one protocol that has no equal, and one that at the same time can't be stopped. It's pointless to focus on what paper money will be like by that time, we should only care about what matters for us, and that's slowly taking distance from dealing with fiat. Let countries have their paper money, we have Bitcoin, that's more than enough. In current times it requires only our smartphone to transact with others or buy our daily needs in stores. I could perfectly use Bitcoin as sole currency if it enjoyed more adoption and stability. Fiat is a mixture of state and corporation money, while Bitcoin is people's (everyone's) money.
These things are all about will, when, how, what etc etc. For now we should be focusing on the development which can get things done in short time Unless and until we dont have proper infrastructure and also the rules and regulation which forms the prime thing during the intra-country truncations then we cant do anything. So better we should not be asking the questions like this right now, what we should be focusing on is question like, how fast can we develop this thing.
May 04, 2018, 05:20:39 PM
This can not be possible the greed politicians will not allow such to take because it will hinder some criminal activities and ones it a cryptocurrency it means the currency is decentralized and criminal activities can be trace
May 04, 2018, 04:21:54 PM
I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
It could be possible that bitcoin can be globally accepted, but to be a global currency is nearly impossible for bitcoin. I can't really imagine that bitcoin would be a single currency in the world, because of its one feature that is really hard for everyone to use it all the time, because it's only available on the internet and no physical appearance like the usual currency.
I also doubt that bitcoin is suitable for the role of a single world currency, at least in the form in which it exists now. Bitcoin can not be obtained anywhere, you can change another currency for it, which again makes it difficult to switch completely to it and affects the "supply-demand". Well, most importantly, bitcoin is regulated by an internal algorithm, that is, if the number of bitcoins approaches the critical level, its release will be terminated.
May 04, 2018, 03:19:04 PM
I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
I think yes, it is but it would take time since our era isn't depending on technology so much in terms of finances. People lack knowledge about digital currency that they need to be educated about it first. It is possible but it will really take time.
May 04, 2018, 02:25:16 PM
I'm sure bitcoin must be able to dominate the world. all countries will use bitcoin as a legitimate transaction tool. but despite that. the world still will not be separated from paper money. because paper money can be made as a symbol or a sign of the country.
One of Bitcoin's main principles is that there are no borders it has to respect or abide by. It's one protocol that has no equal, and one that at the same time can't be stopped. It's pointless to focus on what paper money will be like by that time, we should only care about what matters for us, and that's slowly taking distance from dealing with fiat. Let countries have their paper money, we have Bitcoin, that's more than enough. In current times it requires only our smartphone to transact with others or buy our daily needs in stores. I could perfectly use Bitcoin as sole currency if it enjoyed more adoption and stability. Fiat is a mixture of state and corporation money, while Bitcoin is people's (everyone's) money.
These things are all about will, when, how, what etc etc. For now we should be focusing on the development which can get things done in short time Unless and until we dont have proper infrastructure and also the rules and regulation which forms the prime thing during the intra-country truncations then we cant do anything. So better we should not be asking the questions like this right now, what we should be focusing on is question like, how fast can we develop this thing.
May 04, 2018, 01:54:32 PM
I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
Why not, that would be awesome, i mean there won't be exchange rates, in this situation i would have a clear image about the value of an product or service. 
May 04, 2018, 01:42:34 PM
Definitely now. We all know that bitcoin and cryptocurrency can only be used with the help of internet connection. Plus, the knowledge and the adoption of its usage is limited and varies from one countries to another. Taking into consideration the economic status of each country as well makes its possible.
For countries belonging in a what we call third world country, internet is not a necessity. It is a privilege for those who can afford, meaning not all people can use it. It will be completely biased and will only be in favor of those who belong in large countries wtih good economic background. I just don't see it happening. By doing so, by using bitcoin as a global currency, only more problems will arise rather than, it, being the solution.
For countries belonging in a what we call third world country, internet is not a necessity. It is a privilege for those who can afford, meaning not all people can use it. It will be completely biased and will only be in favor of those who belong in large countries wtih good economic background. I just don't see it happening. By doing so, by using bitcoin as a global currency, only more problems will arise rather than, it, being the solution.
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