Topic: Can it be possible for the whole wide world use a single currency? - page 4. (Read 1283 times)
May 16, 2018, 08:17:53 AM
This Btc can be very popular in the world, but I really do not think that bitcoin can become the main global currency. Using a single currency will cause many economic problems. If that happens It will be very risky because individuals who own more Btc can dominate the market
May 16, 2018, 07:13:58 AM
In my own personal opinion, it is good because it will unite us as one country and currency, but i think it is not possible for the whole wide world use a single currency because governments will fight each other because of their own corruption and greed. I think if that happens dollar will be the currency.
May 16, 2018, 05:49:02 AM
It's not possible if the whole world uses a single currency because every country has its own currency and the eye is its own identity, but now there is a digital currency that is bitcoin which is a digital currency that can be used all over the world but unfortunately belim in received by most countries.
Thats the point. the local currency becomes the identity of a country and it describes their economy. if there is one currency it means there will be only one country. and that's impossible to happen but if you want to use the currency that is accepted worldwide internationally then dollar can you take anywhereand if it really happens, then we can have a better life in the future without any different and no hate in every country. we can walk together in one united with love and I think there will be no chaos in everywhere. every people will unite too without thinking about where he lives and in the different places then it could possible to have one currency only.
This is what the whole world wants to have a single currency , so that whatever payments and transactions worldwide it will paid with one currency only, and whenever and whereevet you go around the world there will be no more exchanges of currency becausr only one currency is used worldwide so this could make payment and transactions so easy because of one currency.
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May 16, 2018, 05:25:58 AM
It's not possible if the whole world uses a single currency because every country has its own currency and the eye is its own identity, but now there is a digital currency that is bitcoin which is a digital currency that can be used all over the world but unfortunately belim in received by most countries.
Thats the point. the local currency becomes the identity of a country and it describes their economy. if there is one currency it means there will be only one country. and that's impossible to happen but if you want to use the currency that is accepted worldwide internationally then dollar can you take anywhereand if it really happens, then we can have a better life in the future without any different and no hate in every country. we can walk together in one united with love and I think there will be no chaos in everywhere. every people will unite too without thinking about where he lives and in the different places then it could possible to have one currency only.
May 16, 2018, 01:45:36 AM
It's not possible if the whole world uses a single currency because every country has its own currency and the eye is its own identity, but now there is a digital currency that is bitcoin which is a digital currency that can be used all over the world but unfortunately belim in received by most countries.
Thats the point. the local currency becomes the identity of a country and it describes their economy. if there is one currency it means there will be only one country. and that's impossible to happen but if you want to use the currency that is accepted worldwide internationally then dollar can you take anywhere May 15, 2018, 10:46:15 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 dont think that bitcoin could be use as a global currency, it may lose the value as a cryptocurrency. which currency i can suggest to accept globally? i will prefer to USD , as it always be accepted for trade almost around the world and international transactions are familiar with USD. May 15, 2018, 08:54:45 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?
One uniform currency for the whole world is possible through cryptocurrency. It would be easier to trade globally especially in terms of paying products. By using block chain platform, transactions will be easier and even payment. However, the challenge is on acceptance of each country on the use of cryptocurrencies.
May 15, 2018, 08:32:29 PM
It's not possible if the whole world uses a single currency because every country has its own currency and the eye is its own identity, but now there is a digital currency that is bitcoin which is a digital currency that can be used all over the world but unfortunately belim in received by most countries.
Thats the point. the local currency becomes the identity of a country and it describes their economy. if there is one currency it means there will be only one country. and that's impossible to happen but if you want to use the currency that is accepted worldwide internationally then dollar can you take anywhere May 15, 2018, 08:07:11 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 believe yes and cryptocurrency is the best currency to use since we already have the advanced technology. It would really just take time because a lot of people don't know anything about crypto yet but I believe that time will come where in people would accept it as a currency.
May 15, 2018, 07:00:08 PM
Each country has a product that they are proud of, one of them is fiat money because as we can see, in the pictures printed there they proudly write or describe, the name of the country, the name of the state bank and usually the name of the hero or the name of the star, it is clear whatever the pride of the country they appear into their product called money, For me, the money they publish almost the same as an ad, because on the money often show something that became the pride of the country.
May 15, 2018, 06:42:15 PM
it could be possible but not now where not all people are accustomed in using internet.As the years passed by,youngster now become more ingrossed in using gadgets so maybe during their time it could be possible that they will be using a single currency.
May 15, 2018, 06:39:10 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 very impossible because it would be unfair to those country with rich economy or countries with growing faster economy like what happen to United Kingdom in which they did not adapt the euro currency because of vias and some un equal opportunities may arise that will not favor them. So with this situation of UK it will be the same reason of the other nations who have rich economy.
Here is the link https://www.economicshelp.org/blog/215/uncategorized/why-uk-stayed-out-of-euro/
May 15, 2018, 06:20:27 PM
it is not impossible that we can form a currency that can be used and recognized all over the world, but it is very difficult, for example in europe, the use of the euro is almost used throughout Europe but there are some countries who oppose it for fear of the country will get a negative impact, english for example, english does not want to share the welfare of the morning of all countries in europe, therefore english refuse to use euro
May 15, 2018, 06:06:50 PM
It's not possible if the whole world uses a single currency because every country has its own currency and the eye is its own identity, but now there is a digital currency that is bitcoin which is a digital currency that can be used all over the world but unfortunately belim in received by most countries.
May 15, 2018, 06:06:44 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?
Some may thing it would make a great peace but rather i do believe it would create chaos yet accumulation or competition on hoarding would really be there .We know BTC do have 21M supply overall and if we do talk about this as a single currency online then expect on what would be the possible circumstances.It wont really be enough to be in circulation considering on the total population globally. May 15, 2018, 06:04:51 PM
It can be of course, and for some specific reasons I am pursuated, that this will happen in near future, but would it be bitcoin...?
May 15, 2018, 05:56:54 PM
My take on this is a little different... Here is my prediction..
In the Next 15 / 20 years : Countries will have a national crypto
5 to 7 years from there: there will be a global consensys and the world will get into one single crypto currency
In the Next 15 / 20 years : Countries will have a national crypto
5 to 7 years from there: there will be a global consensys and the world will get into one single crypto currency
May 15, 2018, 05:54:38 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?
Having a single currency would be great if that would happen, I think just like we had a one common language (english) that brought people to understanding one another and greatly help for the unity and advantages of everyone, I believe that having a common currency for the world will definitely bring something good to people, and I believe that it is possible that one day that will happen.
May 15, 2018, 05:46:58 PM
The world currently works on having lots of seperate 'floating' currencies. Because they 'float', their value changes relative to each other; for example one US Dollar buys 1.03 Canadian dollars buys 0.62 British Pound buys 0.73.
Now each country or each currency has a central bank, who can do certain things to make their currency worth more or less, depending on the needs of the day. For example, it might be really good for China to keep the value of the Yuan quite low so that Americans can buy Chinese exports for cheap and Chinese companies can make a lot of money. Countries that have to import a lot might prefer a higher valued currency and so on.
The problem is that each country has different things happening in it's economy. The Germans are very focused on exporting things like cars, which is fine, because they get money for their cars. But Greece isn't exporting much stuff at all, and in the mean time, each Euro isn't worth as much and the cost of things in the country tends to rise as a result. This is fine if you're getting more money because you work in Germany making cars and you're selling more and this year you got a bonus, but it's not so good if you're in Greece.
This is an economy that's doing two or more different things in different places and you end up with a weird situation where people in one area arent earning very much, but still have to pay the same prices as the people in the rich area.
This is a pretty simplified way of explaining it but tl;dr: Poor People would have to pay rich people prices for shit.
I agree, it is impossible that the whole wide world uses a single currency because countries all over the world has different status in economy. Other countries are developed already but others are developing yet. That equality is impossible for me because the we have different state in our country. There are rich and there are poor. Now each country or each currency has a central bank, who can do certain things to make their currency worth more or less, depending on the needs of the day. For example, it might be really good for China to keep the value of the Yuan quite low so that Americans can buy Chinese exports for cheap and Chinese companies can make a lot of money. Countries that have to import a lot might prefer a higher valued currency and so on.
The problem is that each country has different things happening in it's economy. The Germans are very focused on exporting things like cars, which is fine, because they get money for their cars. But Greece isn't exporting much stuff at all, and in the mean time, each Euro isn't worth as much and the cost of things in the country tends to rise as a result. This is fine if you're getting more money because you work in Germany making cars and you're selling more and this year you got a bonus, but it's not so good if you're in Greece.
This is an economy that's doing two or more different things in different places and you end up with a weird situation where people in one area arent earning very much, but still have to pay the same prices as the people in the rich area.
This is a pretty simplified way of explaining it but tl;dr: Poor People would have to pay rich people prices for shit.
May 15, 2018, 03:55:29 PM
Every country must have uniqueness and problems in transactions, if the world uses a single currency then this is not fair for a third country because that regulate and control the money of course is a strong country so I do not agree to the world using a single currency.
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