Can it be possible for the whole wide world use a single currency? - page 14.

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Quote from: Zhagedu on April 28, 2018, 08:37:33 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?

very clearly it can happen if the currency has a total supply of very much and can be reprinted again, but if it does not have a total supply that is very much and can not be printed again then sduah surely it will be difficult to become a currency to use in all countries.

torch2121

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I think it is impossible because we have different economic and political systems, it will not allow the laws of demand and supply compensate
for the change in purchasing power of the currency in one country as opposed to the other. We also need to consider the Universal Central
Bank, to make a singular currency policy for the entire world. Which is impossible to do for all countries and all banks, we have to keep in mind
the inflation situation in all of them. Currency is a part of a country's identity. But to Bitcoin yes. We are using one currency even though we
are on a different country we are using single currency and this fix something that isn't broken.

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Quote from: Zhagedu on April 28, 2018, 08:37:33 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?

It is not ideal to use one country's currency as an international currency. Unless the world unites to become a country, with a unified central planning and scheduling, it is easy to collapse the system because of the intrigues and selfishness of the state.

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It is possible because they just need to unite and if the countries are finally united then a lot of possibilities will come like having a single currency which all of the countries need to agree so there will be no hate and that will give equality in all of the countries because all of the goods will be on the same value and there is no need for computation.

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Quote from: Zhagedu on April 28, 2018, 08:37:33 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?

it seems that it would not be possible if the world is only using one currency only, if you want to create 1 currency for this world and the whole country in my opinion the currency must have a total supply very much because the number of people in this world very much .

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Quote from: Zhagedu on April 28, 2018, 08:37:33 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?

Bitcoin is now in use worldwide and you know about that right?so whats youre concerns here?you wanted the world to use only bitcoin instead of their own currency?no this is impossible and wont happen in the next 10 years,and if i am to be asking?i will be comfortable about whats the setting now,we can use bitcoin purchasing anything we want,or if not possible we can just simply convert it to fiats and then buy what we need.

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Quote from: Zhagedu on April 28, 2018, 08:37:33 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?

For me i think bitcoin and ethereum because these two cyrptocurrency is a strong and very popular crypto for safe and fast transaction and a good payment system worldwide.

genocide

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Quote from: Zhagedu on April 28, 2018, 08:37:33 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?

Every country has its own financial institution and different levels in that. Removing these flaws by bringing a common mechanism would be the major problem. Bringing one global currency in to scene, will increase debt on countries having low value currency. For example - Indian Rupee is downgraded compare to dollar and hence such conversion may lead to increase debt level over our country. The bigger a system gets,the more it become prone to faults. Distribution of powers among developed and developing countries would be another major problem.

I think it is impossible.

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Yes true... But governments have a big problem with bitcon... That is, bitcoin is decentralized. They can't conrol and manipulate it's price. So bigwigs will always turn their heads to things they couldn't control. Since bitcoin has been getting more and more exposure as a currency, it has been used worldwide, but then again some countries ban it.

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Quote from: sampalokmix on May 02, 2018, 07:20:02 PM

Quote from: Zhagedu on April 28, 2018, 08:37:33 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?

I think this will not going to happened due to the fact that people who doesnt like to involve themselves here might be isolated with the society, I guess the government will not agree to this kind of scenario in near future cause their platform might be non-existant if that will happened since this is a decentralized platform and legitimate supported by blockchains this will going to hard for them to take control.

Yes, in today's world with a standard policy of every government it is impossible to have one currency, since the economic status of every country was determine by its own currency value but we cannot set aside that it will be happen in the future of the next and next generation as what the book of revelation say, as we are on the race of technological advancement and I believe that technology will really change humanity.

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Quote from: b3j0 on May 02, 2018, 06:56:08 PM

not possible, every country has a bank to create its own currency. bitcoin will not be able to replace the currency in each country. that's very unlikely.

Yep, this is the reality because government will not allow this thing. I'm just contented if cryptocurrency becomes legal around the world, because this technology really deserve it. People should continue to support bitcoin and other cryptos, let's stick together so we can achieve an innovative and great future.

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Quote from: Zhagedu on April 28, 2018, 08:37:33 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?

I think this will not going to happened due to the fact that people who doesnt like to involve themselves here might be isolated with the society, I guess the government will not agree to this kind of scenario in near future cause their platform might be non-existant if that will happened since this is a decentralized platform and legitimate supported by blockchains this will going to hard for them to take control.

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not possible, every country has a bank to create its own currency. bitcoin will not be able to replace the currency in each country. that's very unlikely.

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Quote from: Zhagedu on April 28, 2018, 08:37:33 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?

You don't say one thing correctly: One currency can be used globally but may not massively. For example you see when price was high and there were made a lot of transactions, fees become higher and confirmation times get really very annoying, it was taking days to get even one confirm. So for massive use - no, even bitcoin cash can be useless despite of it's 8MB block size limit.

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Quote from: Zhagedu on April 28, 2018, 08:37:33 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?

It used to happen earlier when dollar had fixed exchange rate against every currency. Over the time that changed and dollar began having a flexible rate. Europe followed this system when they decided to use Euro as a currency throughout. But now, since we have advanced so much in time, I don't think having a single currency would be possible. Bitcoin gives us little hope since this is one such currency which is used worldwide, but it will take years to see this dream turning into reality.

trako

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this is not possible. because countries are fighting for their currency to be valuable. It's a race. I would like to have a single currency. this would mean world peace at the same time. maybe 100 years later.

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Quote from: lzby2000 on May 02, 2018, 11:45:18 AM

I don't think there is a single currency in the world. The whole world lives in all parts of the world because of race, living habits and economic factors. Every country has different ways of dealing with the economy. Perhaps encrypted currency can be the medium of connection, but I do not think it is a single currency to deal with this problem. If encryption is used, it may be possible. Dozens or even hundreds of coins have been used in large scale.

It will be too hard to deal with as the market is changing often, people in different countries were already familiar o what they use thus adoption might be too hard to happen, it will be a big adjustment to many,

Not only that but we are technologically not there yet. The moment when everybody is able to transact with phones and use Bitcoin easy as 1-2-3 we have a chance. That will take at least 10 years as far as I am concerned, in which case we can have this discussion then. Until then it seems irrelevant to me.

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Quote from: Zhagedu on April 28, 2018, 08:37:33 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?

This is not possible but right now it is hard to tell since we are diverged by our culture and by our races till humanity can't be as one we cannot see this as a possible outcome. Since we are engaging deeper into technologies these cryptocurrencies will be our future currency and I think our currency will be no other than bitcoin since it is known and the top crypto right now. But I think this is too long to happen though.

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I heard one news recently about the telegram, it seems that if worldwidecurrency will happen, it would be TONs of telegram coin.

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Quote from: Zhagedu on April 28, 2018, 08:37:33 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?

I dont think so it will work out. We do have our own money that support our own country. If there is only one currency and there is no goverment able to control it there might be big problem when it comes to small developing country. Goverment would not be able to control the price of resources cause it will controled globally and the value of the money is not backed by anything for example we use to compare rupiah with USD, when usd stronger than rupiah it means our country are under economic problem which is our money lose its value. goverment would not able to control inflation anymore cause it used to be central bank that control it by controling the number of money in hands. so my point is its good to be true that there will be national cryptocurrency but there is problem when goverment cant control it.

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